Superfluid, an Ethereum-based token streaming protocol that enables real-time crypto transfers, has raised $5.1 million in a strategic funding round.

Fabric Ventures led the round, with Multicoin Capital, Circle Ventures, Safe Foundation, The LAO, Taavet+Sten, and others participating, Superfluid said Thursday. The round closed late last year, Superfluid co-founder and CEO Francesco George Renzi told The Block, adding that it had the same structure as the startup's seed round, i.e., equity with token warrants.

Superfluid raised $9 million in seed funding in 2021. The strategic round comes nearly three years later and is smaller than the seed round. Renzi said Superfluid raised what was needed to get the right investors on board and the project to the next stage.

Superfluid distribution …