Moondance Labs Ltd announced that it has raised $6 million in a round of funding led by new investors, KR1 Plc, SNZ Holding Ltd., Scytale Digital on March 21, 2024. The transaction also saw participation from an array of significant investors in the blockchain space, such as Arrington Capital Investment Management, LLC, Wormhole Cross-Chain Ecosystem Fund, a fund managed by Borderless Management LLC, an investment arm, Blockchain Founders Fund, returning investors, Hypersphere, Borderless Capital and Blockchain Founders Fund, along with angel investors like Gavin Wood, among others.