According to incomplete statistics from CoinVoice, there were more than 26 project financing cases in the blockchain field announced this week (3.25-4.29), with 12 financings worth tens of millions. NFT card chain game Parallel announced the completion of US$35 million in financing, the largest financing event this week. Other popular projects include intent execution network dappOS, Web3 artificial intelligence platform MyShell, modular AI chain data availability protocol 0G, modular L2 Reya Network, etc. Compared with last week, the number of investment and financing transactions in the cryptocurrency market continued to decline slightly this week. In terms of subdivisions, this week’s investment and financing amounts are concentrated in the direction of infrastructure, BTC ecology, and Web3. The following is an overview of this week’s financing events.
RWA project Midas completes US$8.75 million in seed round financing
According to official news, RWA project Midas completed a $8.75 million seed round of financing, led by BlockTower, Framework and HV Capital, with participation from institutions such as Coinbase Ventures, Ledger, GSR, Hack VC, Axelar and FJ Labs. It is reported that Midas is an asset tokenization project. mTBILL, the first product launched by Midas, will track short-term U.S. Treasury bonds. Each mTBILL token represents one share of the BlackRock German Bond ETF.
Web3 game company Elixir Games completed $14 million in seed round financing, with participation from Square Enix and others
Web3 game company Elixir Games announced the completion of a $14 million seed round of financing, with participation from Shima Capital and Solana Foundation, as well as gaming giant Square Enix. The company’s total funding so far has reached $20 million. Elixir Games will use the funds to develop its gaming ecosystem, which will go live in the second quarter of 2024, along with the launch of the ELIX token that underpins the company’s gaming products, among other things.
Game studio 7 Digital Labs completes US$4 million in seed round financing, with participation from Avalanche Foundation and others
BloodLoop game developer and Swiss game studio 7 Digital Labs announced the completion of a $4 million seed round of financing, with participation from the Avalanche Foundation, Merit Circle and Citizen Capital. The new financing will be used for game development and publishing. BloodLoop is a shooter based on the Avalanche subnet and the first game from 7 Digital Labs. Players can collect NFTs and earn BLS rewards in every game.
dappOS completed a $15.3 million Series A round of financing at a $300 million valuation, led by Polychain Capital
Intent execution network dappOS completed a US$15.3 million Series A financing, with a valuation reaching US$300 million, led by Polychain Capital, Nomad Capital, IDG Capital Vietnam, Flow Traders, IOBC Capital, NGC Ventures, Amber Group, UpHonest Capital, Taihill Venture, Waterdrip Capital, Bing Ventures, Spark Capital and Metalpha also participated in the investment.
Web3 AI project FLock.io completes US$6 million in seed round financing
Web3 AI project FLock.io completed a US$6 million seed round of financing. This round of financing was led by Lightspeed Faction and Tagus Capital, with participation from DCG, OKX Ventures and Volt Capital. So far, the company’s total financing has reached US$8 million. It is reported that FLock It will use the funding to grow its team and develop an artificial intelligence training platform powered by federated learning.
Multi-chain infrastructure developer Biconomy completed a strategic round of financing, with Jump Capital and others participating in the investment
According to official news, multi-chain infrastructure developer Biconomy announced the completion of strategic financing. Jump Capital, Borderless Capital, Consensys Ventures, Taisu Ventures, Manifold Trading, Side Door Ventures and Blockchain Founders Fund participated in the investment. The specific amount has not yet been disclosed.
Decentralized cloud infrastructure provider Hive completes US$13 million in Series A financing led by SC Ventures
Decentralized cloud infrastructure provider Hive announced the completion of a $13 million Series A round of financing, led by SC Ventures and participated by OneRagtime and others. Hive built a centralized model of cloud computing that aims to aggregate unused hard drives and computing power from personal devices. This decentralized reorganization should help enterprises plan cloud-related expenses more effectively, promoting server autonomy rather than dependence. Fewer cloud providers and reduce energy usage.
Bitcoin second-layer network BOB completes US$10 million in seed round financing, led by Castle Island Ventures
The second-layer Bitcoin network BOB (Build on Bitcoin) announced the completion of a US$10 million seed round of financing, led by Castle Island Ventures, with participation from Mechanism Ventures, Bankless Ventures, CMS Ventures and UTXO Management, as well as some angel investors. BOB is a hybrid layer 2 network that sits on top of the Bitcoin blockchain but is compatible with Ethereum.
DeFi protocol Unstable completes US$2.5 million in seed round financing
DeFi protocol Unstable Protocol announced the completion of a $2.5 million seed round of financing from Lattice, Laser Digital (the digital asset subsidiary of Nomura Group), Blockchain Founders Fund, Assouline Ventures, Agnostic Fund, Artichoke Capital, Black Edge Capital, NewTribe Capital and NxGen, as well as Several angel investors participated in the investment. It is reported that Unstable Protocol mainly provides ETH re-pledge services, allowing users to use liquidity to pledge and re-pledge tokens to achieve innovative income strategies. (Chainwire)
Chain game Parallel completes US$35 million in financing, with participation from Solana Ventures and others
According to official news, NFT card chain game Parallel announced the completion of US$35 million in financing, with participation from Solana Ventures, Amber Group, Distributed Global, Big Brain Holdings, OSS Capital, VanEck, Focus Labs, etc.
Chain game Illuvium completed US$12 million in Series A financing, led by Animoca Brands and others
According to official news, chain game Illuvium announced the completion of a $12 million Series A financing, led by King River Capital, Animoca Brands, Arrington Capital, and Spartan Capital, and GoldenChain, Arca, Selini Capital, Laser Digital, Polygon Ventures, 32-Bit Ventures, Yield Guild Games, N8.Capital, Seven Capital and others participated in the investment. The new financing will be used to develop new game projects within the Illuvium ecosystem.
Bitcoin Lightning Network company Neutronpay completes US$1.5 million in bridge financing, led by Axiom Capital
Bitcoin Lightning Network company Neutronpay announced the completion of a $1.5 million bridge financing led by Axiom Capital. The financing is intended to help Neutronpay use Bitcoin to provide instant and cost-effective payment solutions in the Southeast Asian digital economy.
Web3 AI platform MyShell completed $11 million in Pre-A round of financing, led by Dragonfly
MyShell, a Web3 artificial intelligence platform focused on creators, announced the completion of $11 million in Pre-Series A financing, led by Dragonfly, Delphi Ventures, Bankless Ventures, Maven11 Capital, Nascent, Foresight Ventures, GSR, Animoca Ventures, Nomad Capital and OKX Ventures. As well as Balaji Srinivasan, Illia Polosukhin, Casey K. Caruso, Santiago Santos and many other well-known angel investors participated in the investment. MyShell allows creators to build AI agents or robots for use by consumers or users. It is said that the platform currently has about 50,000 creators and more than 1 million registered users, and its ecosystem includes many such as OpenVoice, MeloTTS and Alice. tools and services. Dragonfly Managing Partner Haseeb Qureshi is very optimistic about the development of MyShell, he emphasized: We are pleased to support MyShell as it continues to explore new areas. MyShell is committed to open source development and empowering creators, which is exactly what is needed to promote innovation and inclusivity in the industry. MyShell Co-founder Ethan Sun said: MyShell will completely change the ecosystem for AI creators. We will use the new funds to expand the scale of our operations and further support the development of the decentralized open source AI community. (TheBlock)
Bitcoin L2 project Bitlayer completes US$5 million in seed round financing
Bitcoin Layer 2 infrastructure Bitlayer announced the completion of a US$5 million seed round of financing on the Institutions such as Mindfulness Capital, C6E Capital, PAKA, Comma3 Capital and Kronos Ventures, as well as angel investors such as Asymmetric Capital founder Dan Held, Messari CEO Ryan Selkis and Lianchuang Dan McArdle, Sky Mavis CTO Andy and other angel investors participated in the investment.
Crypto game development company Gunzilla Games completed US$30 million in financing, led by CoinFund and others
Crypto game development company Gunzilla Games announced the completion of US$30 million in financing, led by Avalanche's Blizzard Fund and CoinFund. The new funds will support the development and release of its upcoming free-to-play battle royale video game "Off the Grid", which is planned to be released on PlayStation Available on , Xbox and PC.
OrdinalsBot completes over US$3 million in seed round financing, led by DACM
OrdinalsBot, an infrastructure platform focusing on Bitcoin Ordinals, announced the completion of more than US$3 million in seed round financing, led by DACM, Eden Block, natural Capital, WWVentures, Lightning Ventures, Oak Grove Ventures, UTXO Management (the fund manager of Bitcoin Magazine), Kenetic Capital, CMS Holdings, Kestrel0x1, Sora Ventures, London Real Ventures, Crypto Zombie and MDX Crypto participated. After this round of financing, OrdinalsBot’s cumulative financing amount exceeds US$4.5 million. It is reported that OrdinalsBot aims to simplify the minting and management process of Bitcoin inscriptions and BRC-20 tokens. Its products include OrdinalsBot inscription tools, OrdinalsBot Scribe and OrdinalsBot API.
Bitcoin DeFi platform ALEX completes new round of financing of US$10 million
CoinVoice’s latest news: Bitcoin DeFi platform ALEX announced the completion of a new round of US$10 million in financing, led by Spartan Capital, CMS Holdings, DACM, DWF Labs, Foresight Ventures, G-20 Group, Ouroboros Capital, Summer Capital, Cultur3 Capital and EVG Waiting for participation. To date, ALEX has a total locked value of nearly $200 million, with a total trading volume of over $1.3 billion across 52,892 wallets.
Blast ecological derivatives trading platform DTX completed angel round financing, with dingaling and others participating in the investment
Blast ecosystem derivatives trading platform DTX announced the completion of its angel round of financing. Blast angel investors hype.eth, dingaling, FreeLunchCapital, Mr. Block, HongKongDoll and others participated in the investment. The specific amount of financing has not been disclosed. DTX won an award in the Blast Big Bang competition this year and supports more than 100 trading pairs. It provides good liquidity and a zero-slippage trading experience. DTX will provide users with 100% Blast Points, Blast Gold and Gas Refund rewards. It also launched the "Starship" event. In addition to various points, users can also obtain DTX fuel (DTX Fuel) through trading, and the fuel can be exchanged for platform tokens.
BTC L2 project BEVM completed tens of millions of dollars in financing, with ArkStream Capital and others participating in the investment
BTC Layer2 project BEVM announced on X platform that it has completed its seed round and part of its A round of financing, with a financing amount of tens of millions of US dollars. Nearly 20 institutions including ArkStream Capital, RockTree Capital, Waterdrip Capital, ViaBTC Capital, Satoshi Lab, Web3port, Cogitent Ventures, MH Ventues, Mapleblock, Electrum Capital, Zephyrus Capital, Lotus Capital, 7UPDAO, TimeTells, etc. participated in the investment, with a post-investment valuation of US$200 million. The new financing will be used to build a more decentralized Bitcoin ecosystem based on Taproot Consensus. It is reported that BEVM will launch its mainnet on March 28.
Bitcoin native DA layer project Nubit completes $3 million Pre-Seed round of financing
According to official news, Nubit, the native Bitcoin DA layer project, completed a $3 million Pre-Seed round of financing, with participation from dao5, OKX Ventures, Primitive Ventures, ArkStream Capital and others. It is reported that Nubit collaborated with BRC-20 creator Domo to develop the Modular Indexer, which allows users to self-verify the validity of data at low cost, thus ensuring the integrity and trust of the entire ecosystem. This development is a key step towards a decentralized future for the Bitcoin ecosystem and is reinforced by Nubit’s collaborations with projects such as Babylon, Merlin Chain and BounceBit. In addition, Nubit has advanced its Pre-Alpha testnet process and plans to launch the mainnet later this year. According to previous news in January, Nubit completed angel round financing, with Bounce Brand co-founders and domo participating in the investment, but the amount of financing was not disclosed.
Bitcoin ecological project Satoshi Protocol completes seed round financing
According to official news, BEVM ecological CDP stablecoin protocol Satoshi Protocol has completed a seed round of financing, jointly led by Web3Port Foundation and Waterdrip Capital, with GPs from BEVM Foundation, Cogitent Ventures, Satoshi Lab, MH Venture, and co-founders of BSCN, MoveBit, Supremacy, etc. Participate in investment. Satoshi Protocol has launched the Bitcoin Layer2 solution BEVM testnet since the beginning of March. The number of NFT creations has exceeded 80,000 addresses mint. During the testnet period, the limited 25,000 OATs have been fully distributed. In 2 weeks, a total of more than 100,000 addresses have participated. Currently, the protocol It will be officially launched on the mainnet in the near future.
Modular AI chain data availability protocol 0G completes $35 million Pre-Seed round of financing, led by Hack VC
Modular AI chain data availability protocol 0G announced the completion of a $35 million Pre-Seed round of financing, led by Hack VC, with participation from Alliance, Animoca Brands, Delphi Digital, Stanford Builders Fund, Symbolic Capital and OKX Ventures. This round of financing has not yet been completed Disclosing specific valuation information, the new funds will be used to hire engineers and build 0G’s market functions, community and ecosystem. The four co-founders of 0G are Heinrich, Ming Wu, Fan Long and Thomas Yao. Ming Wu and Fan Long are the founding team members of the "hybrid blockchain" Conflux Network. Thomas Yao is the founding partner of IMO Ventures. Heinrich previously He founded the health food brand garten (originally named Oh My Green). Dora Yue of OKX Ventures said: "0G achieves 50GBs performance throughput and extremely low latency by decoupling storage and consensus. Its innovation is reflected in 0G helping to solve the problem of zero-knowledge proof ZK + artificial intelligence AI to enable smart contracts. Machine learning capabilities can optimize Web3 sectors such as DeFi, security, identity verification, Web3 social, creator economy and other fields, giving full play to its programmable, high-performance, scalable features. The background of reducing the block size to 25mb in Ethereum Next, 0G has carried out in-depth cooperation with other public chains such as Polygon, and its modular technology stack deployment has been recognized by traditional manufacturers such as Microsoft/Meta. 0G’s efficient application of data on the chain and the combination of deep neural network calculations have helped The blockchain industry has unleashed more potential in scenarios where various underlying technologies such as Rollup as a Service (RaaS) and AI are combined, and we are very much looking forward to the launch of the mainnet in the second half of the year!"
BlockGames has completed US$6 million in financing and plans to launch BLOCK token pre-sale on the 26th
BlockGames, a blockchain game project, announced on the It ends at 9 p.m. Beijing time). It is reported that 15% of the tokens will be unlocked when they are released. There will be a 6-month cliff period, followed by a 15-month linear release. BlockGames reminds users to participate through the official link. In addition, BlockGames also revealed that it has completed a new round of financing of US$6 million, led by Newman Group, 32-Bit Ventures, Cypher Capital, Sfermion Capital and others.
