Best Early Stage Projects With Huge Funding in May 2023 - Part 1

This is the third part of this article. You can read the second part here

Let’s keep discovering other crypto projects.

1) Blocktorch

Blocktorch, as an end-to-end observability platform, Blocktorch enables engineering teams to be more productive, make data-driven choices, and expand dApps while maintaining a positive user experience. It enables data collection, data storage, and a query engine.

One of his latest achievements has been completing a $4.2 million seed round fund led by IDEO CoLab Ventures.

At the time of writing this article, the platform is in its beta version. One of its features is the advanced search and users can find info about dApps faster.

2) TripleLab

TripleLab is a distributed web3 infrastructure platform that provides services to Asia. In other words, companies can obtain materials and tools for creating Dapps in the TripleLab platform. It enables faster, more dependable, and more inexpensive utilization of your nodes, APIs, and IPFS.

One of his latest achievements has been raising an undisclosed amount in a Seed round with participation from StepVC and CBI Holding.

Currently, they are working with the following blockchains: Polkadot, Astar, Starknet, Solana, Aptos, BNB Chain, Bitcoin, Polygon, Arbitrum, Optimism, and Ethereum.

3) Odsy Network

Odsy Network is a layer 1 blockchain focusing on decentralized wallets that drives the most secure, durable, and adaptable architecture for decentralized access control, linking Web3 to the real world.

This platform developed dynamic decentralized wallets (dwallets) where you can:

  • Sign transactions on any chain.
  • Integrate real-world use cases into the Web3 industry, among others.

One of his latest achievements has been raising $7.5M at a $250M valuation in a funding round led by blockchange Ventures.

By integrating real-world assets with Odsy, users can integrate DAOs, DeFi protocol, identity solutions, and gaming assets management.

4) Webb Protocol

Webb Protocol creates a framework for zero-knowledge apps, enabling programmers to access user privacy in the Web3 environment. 2 months ago they launched a zero-knowledge messaging layer for bridges, enabling private xchain apps.

One of his latest achievements has been closing a $7M Seed round co-led by Polychain Capital and Lemniscap.

The Distributed Key Generation (DKG) protocol, a special governance mechanism, is used in the Webb ecosystem. It’s a crucial component of network security.

5) Cloudburst Technologies

Cloudburst Technologies is a crypto-based cyber threat intelligence solutions provider. The platform offers solutions for the public sector, the web3 ecosystem, and traditional finance. Utilize Cloudburst’s range of regulatory solutions to better comprehend, prepare for, and protect against events that result from market manipulation.

One of his latest achievements has been completing a $3M Seed round led by Strategic Cyber Ventures.

6) Antimetal

Antimetal is an AWS cloud cost optimization platform that cut cloud storage costs in an easier and more secure way. Their software includes an AI engine that continuously tracks usage patterns and gains knowledge from them in order to find new ways to save.

One of his latest achievements has been raising $4.3M in a Seed round led by Framework Ventures.

7) Blockworks

Blockworks is a leading cryptocurrency and financial media brand that is having an important presence in the industry in the last few years. One of his latest achievements has been raising $12M at a $135M valuation in a funding round led by 10T Holdings.

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