TOP 5 new projects and the most Capital raised in December

This article is machine translated
Show original

December saw the launch of many new projects and the successful raising of significant capital from leading market VCs. In the context of many investors expecting 2025 to be a new uptrend year, these new projects could become attractive opportunities for smart money.

Here are BeInCrypto's summaries of 5 new and successful fundraising projects this month.

Also Read: TOP 5 Noteworthy Testnet Projects in December for Low-Capital Investors

#1. MegaETH

The newcomer Layer 2 project MegaETH raised $30 million in 2024. In December alone, the project raised $10 million from Echo. Notably, the project has the participation of Vitalik Buterin as an angel investor.

MegaETH is developed by MegaLab, described as the "first real-time blockchain" with full compatibility with Ethereum.

Initial descriptions of the MegaETH layer 2. Source: megaeth.systemsInitial descriptions of the MegaETH layer 2. Source: megaeth.systems

The project's official website states that this Layer 2 has the ability to process over 100,000 transactions per second with a blocktime under 1ms and transaction fees under $0.01. Currently, MegaETH is in the construction and testing phase, and plans to launch its testnet and mainnet in the near future.

#2. KAST

KAST is a completely new project, launched in 2024. It was not until December 2024 that the project announced it had raised $10 million, led by HongShan, Peak XV Partners, etc.

KAST's ambition is to build a global stablecoin-based payment platform. KAST is developing its own mobile app and issuing the K Card. The project is targeting emerging markets and limited access to USD. However, the project also faces regulatory challenges if it wants to apply in countries that do not yet allow crypto payments.

Official website of KAST. Source: kast.xyzOfficial website of KAST. Source: kast.xyz

KAST could be a promising project when regulations become more lenient and the trend of cross-border crypto payments grows stronger. KAST is also launching an Airdrop program to help users earn KAST Points early on.

#3. Earos

Earos is a project with the ambition to build a digital twin of Earth verified by AI Agents. While sharing many similarities with the Metaverse wave, Earos believes its work can contribute to solutions to real-world problems.

Earos believes that with the support of AI, the project can help predict outcomes, respond to challenges, and optimize solutions, whether in weather forecasting, urban management, or healthcare.

Introduction to the Earos project. Source: earos.ioIntroduction to the Earos project. Source: earos.io

Earos announced that in this December, it had raised $10 million in a seed funding round led by Lemon Ltd. Lemon Ltd is also a very new name in the market. Cryptorank data shows that Earos is the only project this fund has invested in.

#4. Fraction AI

Fraction AI has raised $6 million in a pre-seed round, led by Spartan Group, Symbolic Capital, etc. This can be considered one of the pioneering projects in decentralizing data labeling activities.

Data labeling is an extremely important step in processing raw data before training and developing AI models.

Introduction to the Fraction AI project. Source: fractionai.xyzIntroduction to the Fraction AI project. Source: fractionai.xyz

Fraction AI turns the creation of AI data into a competitive market. Every minute, AI Agents compete to create high-quality data while earning rewards for the Builders who created those AI Agents. Or not, investors can participate as Stakers, providing the economic foundation for the protocol by Staking ETH.

#5. Midas

Midas has been known to many investors in 2024, as the wave of Tokenizing US Treasury Bills (T-Bills) has attracted the interest of many stablecoin projects. Recently, Midas announced that it had raised an additional $5 million from the Oasis Foundation, bringing the total amount the project has raised so far to $13.75 million.

Introduction to the Midas project. Source: midas.appIntroduction to the Midas project. Source: midas.app

mTBILL is Midas' flagship product, providing online access to short-term T-Bills. There are also other yield-bearing tokens such as mBASIC and mBTC. Among them, Midas' mBASIC is one of the highest APY stablecoins on the market.

Note that the above projects all have very short histories, few users, and are still in the early stages of development. Investors need to consider the risks from this factor in their capital allocation and resource decisions.

Join the BeInCrypto Community on Telegram to stay up-to-date with the latest analysis and news on the financial markets in general and cryptocurrencies in particular.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments