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Bullish momentum in crypto is strong and thriving as Bitcoin hovers around $100K. BTC is not the sole beneficiary of greens, though, as the total cryptocurrency market cap has hit record highs, drawing attention from retail and institutional players alike.
Amid this traction, web3 startups pulled in $2 billion in Q3 2024, with Crunchbase data showing over 300 deals closed. Although Funding is up, the deal counts are falling. It’s the lowest since Q2 2020. This marks two straight quarters of decline.
While some may find this downturn disappointing, this investor behavior suggests that investors are being picky about which projects they put their money into.
Against this backdrop, Ape Terminal, the industry’s leading open-access launchpad, has spearheaded a $3.4 million funding round for the crypto project NULS. Known for helping hundreds of blockchain startups secure funding, Ape Terminal connects them with a global network of investors. It’s a driving force in Web3 innovation.
The funding will support NULS in its strategic shift toward advancing AI applications within its fast-growing network. With AI emerging as one of the year’s biggest narratives, alongside DeFi, memes, GameFi, ETF, RWA, and ZK, NULS is making its big move. The timing couldn’t be better. Blockchain and AI are on a collision course, and NULS aims to be at the center.
“We are excited to support NULS in its next growth phase. Their commitment to fostering AI innovation aligns with the market’s evolving needs,” said Hassan “Hatu” Sheikh, founder of Ape Terminal.
This funding strengthens Ape Terminal’s position in the Web3 ecosystem, providing startups with a powerful tool to scale faster. With a focus on transformative technologies like AI, Ape Terminal is driving innovation and enabling growth.
NULS, in its part, is known for its ‘microservices-based architecture.’ It offers fast speed and low transaction costs and allows projects to take advantage of innovative technologies and develop promising products. Its native token, meanwhile, can be used to set up nodes and create tokens in addition to voting and staking.
Last month, the NULS blockchain saw a sharp rise in $BTC-holding addresses. As a result, liquidity improved, security got stronger, and community engagement grew. These shifts reflect increasing trust in NULS, and Ape Terminal’s strategy and global investor reach were key drivers behind this momentum.
Overall, as NULS advances in the AI sector, Ape Terminal leads the funding round. Their aim is to support projects aligned with market shifts. And together, they target untapped opportunities in the rapidly growing blockchain-AI landscape.
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