Recently, I noticed a phenomenon: some projects rely on solid fundraising backgrounds and institutional support to quickly gain attention in the market. This made me reflect on why some early-stage projects can attract top-tier funding.

After examining a funding case in detail, I feel it’s worth analyzing. In terms of background, the project received lead investment from Cumberland, with follow-on investments from top-tier institutions such as Coinbase Ventures, HashKey, and Circle, with a total funding of $6.8 million. This kind of funding combination is very convincing in itself—being able to attract such top-tier institutions simultaneously indicates that the project’s review process is not easy.

The identity of the investors is very important. Cumberland, as a well-known digital asset investment firm, Coinbase Ventures, backed by a compliant exchange ecosystem, HashKey, and Circle all have deep experience in payments and finance. Their joint endorsement, to some extent, reflects the credibility of the project in terms of technology, team, and business logic.

This type of funding model is worth paying attention to, as it reflects the current trend in the Web3 ecosystem where institutional investors are increasingly valuing the actual value of projects rather than just hype.