Crypto Funding Hits $190M This Week: Blackbird, Wunder.Social, and 5 More Projects Lead This Week's Top Rounds

The cryptocurrency market saw a significant week of investment, with seven notable projects raising a combined $190 million, according to data from CryptoRank. Spanning loyalty platforms, SocialFi, Bitcoin-denominated insurance, and more, this week's funding rounds reflect the breadth of Web3 innovation. Investors' interest in utility-driven blockchain solutions remains strong. Leading the charge are Blackbird and Wunder.Social, each securing $50 million, followed by Meanwhile, APX Lending, BugsCoin, Towns, and CAP.

1.Blackbird: $50M for Web3 Loyalty, Memberships and Payments Platform

Blackbird is developing a loyalty, membership, and payments platform that leverages blockchain technology to enhance consumer engagement. The platform aims to redefine how businesses reward customers and manage memberships.

Blackbird raised $50 million in a Series B round, led by Spark Capital, Coinbase Ventures, and Andreessen Horowitz. The substantial investment highlights confidence in Blackbird's vision to integrate Web3 with mainstream consumer applications, underscoring the crypto industry's expectations for large-scale consumer app adoption.

Blackbird has completed its TGE, launching two tokens: $FLY (utility) and $F2 (governance).

2.Wunder.Social: $50M for SocialFi Innovation

Wunder.Social is a SocialFi platform that integrates Web3.0 features—such as decentralized identity and token-based rewards—into a familiar Web2.0 user experience. The platform seeks to empower users with ownership and monetization opportunities in social networking.

Wunder.Social secured $50 million, with Rollman Management leading the round. Wunder has announced its $WUNDER token, with a TGE expected in April 2025, aligning with its UK platform rollout.

3.Meanwhile: $40M for Bitcoin-Denominated Insurance

Meanwhile offers the world's first life insurance product denominated in Bitcoin, leveraging blockchain's transparency and security to create crypto-native financial products for Bitcoin holders.

The project raised $40 million, backed by Framework and Fulgur Ventures. The investment reflects growing interest in Bitcoin-centric financial services, as investors eye the fusion of crypto and traditional insurance.

4.APX Lending: $20M for Compliant Crypto Lending

APX Lending is a compliant cryptocurrency mortgage lending platform, providing secure and regulated borrowing options for digital asset holders. It aims to bridge traditional finance and crypto through accessible lending solutions.

APX Lending raised $20 million, led by Cypress Hills. The funds will accelerate APX Lending's expansion in Canada to meet rising demands for crypto-backed loans, as reported by Coindesk.

5.BugsCoin: $12M for Financial Education

BugsCoin is a Web3-based financial education and rewards system, incentivizing community participation through its $BGSC token. The platform aims to democratize financial knowledge while delivering economic benefits to users.

BugsCoin raised $12 million in a Series A round, backed by DuckDAO, Castrum Capital, BullPerks, Becker Ventures, and Maxx Capital. The $BGSC token is already live and trading on exchanges.

6.Towns: $10M for Web3 Group Chat

Developed by Here Not There Labs, Towns is a Web3 group chat protocol and application focused on decentralized communication. The platform offers secure, community-driven messaging with blockchain-based features.

Towns secured $10 million, with investments from Coinbase Ventures, a16z crypto, and Benchmark. The funding will drive the development and adoption of Towns’ protocol within Web3 communities. Towns plans to launch a native $TOWN token, but no TGE date has been confirmed. The token is expected to support governance and incentives within the ecosystem.

7.CAP: $8M for Stablecoin Innovation

CAP is a stablecoin protocol that provides scalable yield and risk protection through exogenous crypto-native strategies. It aims to enhance stablecoin utility in DeFi by addressing volatility and accessibility.

CAP raised $8 million, backed by Triton Capital, Franklin Templeton Investments, and Laser Digital. The investment highlights the demand for innovative stablecoin solutions in DeFi.

The $190 million raised this week demonstrates sustained investor interest in Web3, despite market challenges. The funding led by Blackbird Labs, Wunder Social, and Meanwhile, showcases the diversity of Web3 innovation. From loyalty platforms to Bitcoin insurance and decentralized chat protocols, these projects are reshaping blockchain’s role in everyday applications. Investor interest in utility-driven blockchain solutions and the fusion of Web2 and Web3 is on the rise.