In April, the crypto markets shifted positively after a turbulent period, prompting significant venture capital activity. Notable deals included Unto Labs raising $14.4 million for their scalable layer-1 blockchain, Thru, aimed at enhancing mainstream blockchain adoption. Optimum secured $11 million for a high-performance memory layer utilizing Random Linear Network Coding, an innovation developed at MIT. Additionally, AI cybersecurity startup Octane raised $6.75 million to address vulnerabilities in blockchain systems, while Inco, focused on blockchain confidentiality, obtained $5 million in funding for its cryptographic technology. Towns Protocol raised $10 million for its Web3 social media platform, which has generated $11.5 million in total revenue. Finally, Colb Asset SA raised over $7 million to advance the tokenization of pre-IPO equity in firms like SpaceX, aiming to expand its financial infrastructure.

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