Blockchain infrastructure provider InfStones has raised $66 million in a new round of funding. It was managed by SoftBank through Vision Fund 2 and GGV Capital.

INCE Capital, 10T Fund, SNZ Holding and A&T Capital participated in the tour.

The team will use the funds raised to expand and scale the project. In particular, the supplier plans to increase the number of personnel, enter new markets and enter into new partnership agreements.

“Our vision is to provide a robust and easy-to-use Web 3.0 environment to create a more transparent and intelligent world. We aim to foster rapid and global adoption of decentralized applications,” said Zhenwu Shi, CEO of the firm.

InfStones raised $33 million in the Series B round in February 2021. According to a press release, the total funding since its inception has exceeded $100 million.

InfStones works on the principle of “platform as a service” (platform as a service, PaaS). The infrastructure is built on the basis of artificial intelligence, and the company’s customers include Binance, Coinlist, BitGo, OKX, Chainlink, Polygon and others.

Recall that Morgan Stanley analysts are looking for high activity of venture investors, despite the deep market correction.

Previously, JPMorgan had expressed the view that the crypto winter would be short-lived due to the influx of venture capital into the industry.