According to incomplete statistics from CoinVoice, this week (April 1-April 5), more than 32 blockchain project financing cases were announced, including 3 financings of tens of millions. Phoenix development company Ellipsis Labs announced the completion of a $20 million Series A financing, led by Paradigm, which was the largest financing event this week. Other popular projects include Al transaction management platform XRADERS, Web3 AI company Raiinmaker, inscription liquidity protocol SatoshiSync, Solana ecosystem liquidity pledge service protocol Sanctum, etc. Compared with last week, the number of investment and financing in the cryptocurrency market this week has increased. In the sub-sectors, this week's investment and financing amounts are concentrated in infrastructure, BTC ecology, and AI. The following is a list of financing events this week.
Web3 social simulation game Today completes $5 million seed round of financing
According to official news, the Web3 social simulation game Today has completed a $5 million seed round of financing, led by Sfermion and Big Brain Holdings, with participation from GSR, Collab+Currency, Lingfeng Innovation Fund, Compute Ventures, Builder Capital, Tommy Tran, Metavest Capital, 32 Bit Ventures, Dingaling, Grail and Spirit DAO. This round of financing will be used to further develop its generative AI-based intelligent NPCs and code-free creator tools.
AgentFi Completes First Round of Funding, Led by Generative Ventures
AgentFi, the AI-driven DeFi protocol of Blast Ecosystem, announced the completion of its first round of financing, led by Generative Ventures. The funds raised from this round of financing will be used to further strengthen team building, especially in the expansion of R&D and marketing personnel.
At the same time, AgentFi has launched its first product on the Blast mainnet. This product uses the ERC-6551 standard to provide a wide range of user groups with automated services for on-chain transactions and earning revenue through NFT-bound wallet accounts.
In addition, AgentFi plans to launch its own points reward system in April to recognize and reward users for their active participation and long-term support of the platform.
Ethereum Layer 2 blockchain LightLink completes $6.2 million seed round
According to Crowdfundinsider, Ethereum Layer 2 blockchain LightLink announced the completion of a $6.2 million seed round of financing, with participation from MH Ventures, Nxgen, and several individual crypto investors.
It is reported that the new funds will help the company continue to build the Web3 ecosystem for enterprise partners and improve proprietary technology to enable gas-free transactions for users.
Bitcoin Layer 2 Project Zulu Network Completes $3 Million Pre-Seed Funding
According to official news, Bitcoin Layer 2 project Zulu Network has completed a $3 million pre-seed round of financing, with Web3.com Ventures, CGV FoF, D11-Labs, CatcherVC, SatoshiLabs, K24 Ventures, Waterdrip Capital, Jingle Mining and others participating in the investment.
Human-computer interaction project bythen completes $3 million seed round of financing, with East Ventures and others participating
According to official news, bythen, a project focusing on human-computer interaction, has completed a US$3 million seed round of financing. This round of financing was participated by East Ventures, BEENEXT, ED3N Ventures, and GuildFi. Angel investors include dingaling, Grail.eth, etc.
Solana Ecosystem LSD Protocol Sanctum Completes Seed Round Extension Round Financing, Dragonfly Leads the Investor
Solana ecosystem liquidity staking service protocol Sanctum announced the completion of its seed round extension financing, led by Dragonfly, with participation from Solana Ventures, CMS Holdings, DeFiance Capital, Genblock Capital, Jump Capital, Marin Digital Ventures and others. The total financing has now reached US$6.1 million.
It is reported that Sanctum will now focus on two products: Sanctum LSTs and Infinity. Infinity aims to promote liquid collateral on Solana and facilitate price-efficient LST-LST swaps.
Cross-chain exchange protocol Gasp completes $5 million private financing at a valuation of $80 million
According to The Block, Gasp (formerly Mangata Finance), a cross-chain exchange protocol based on EigenLayer, announced the completion of a $5 million private placement financing with a valuation of $80 million. Polychain Capital, CMS Holdings, Master Ventures, Token Metrics and Cluster Capital participated in the investment.
Gasp plans to launch a testnet in the coming weeks and plans to enter the mainnet and launch tokens after success. They also plan to launch a new token GASP and airdrop it to some MGX token holders.
Digital asset security company Station70 completes $5 million seed round of financing
Digital asset security company Station70 recently announced the completion of a $5 million seed round of financing, led by Matt Walsh and Castle Island Ventures, with participation from Notation Capital, Semantic Ventures, SCB 10X and CoinShares.
It is reported that Station70 has officially launched its cornerstone disaster recovery platform Bunker. Bunker aims to simplify the private key backup and recovery (KBR) process and help institutional clients cope with a wide range of trust and security challenges related to the security and accessibility of digital assets. Bunker will be available in two configurations: Standard Edition and Enterprise Edition. The Enterprise Edition will provide value-added services such as advanced configuration, customized compliance functions, regulatory and audit reports, and insurance. In addition, Station70 also provides corporate customers with Recovery Response Services (RRS) to help build a resilient failover architecture.
Adam Healy, founder and former chief information security officer (CISO) of Station70, said that institutions generally face the problem of private key management when they self-custody assets. Station70's mission is to provide the industry with the necessary tools to help institutions quickly improve business continuity. They will work with many high-quality wallet providers, especially Fireblocks, to jointly build an industry ecosystem where trust and security are core features.
Station70 will be testing Bunker with several customers in the coming weeks with the goal of launching a public version as soon as possible.
BonusBlock Completes $2.3 Million in Financing, with Laser Digital and Others Joining
BonusBlock, a provider of on-chain marketplaces and white label solutions, announced the completion of a $2.3 million financing round. Investors in this round include Laser Digital (Nomura Group), iAngels, Cogitent Ventures, NewTribe Capital, Faculty Group, Kyros, ZBS Capital, Rarestone, LVT Capital, etc., as well as Axelar co-founder Georgios Vlachos, Beoble's Sung, IvanOnTech, AshCrypto, BrianDEvans, Icedknife, StackerSatoshi, Coachkcrypto, etc.
AI social platform SOAI completes $5 million angel round of financing
AI social platform SOAI has completed a $5 million institutional angel round of financing, of which Archer Capital invested $3 million and XForce Capital invested $2 million.
This round of financing will accelerate SOAI's technological innovation and market expansion in the field of AI emotional communication. New plans include deepening AI emotion understanding and matching technology, optimizing user experience, and expanding the global market.
It is understood that SOAI is an innovative AI platform originated in Silicon Valley. It focuses on reshaping the virtual partner industry ecosystem through advanced AI technology and creating customized AI soul mates for billions of people around the world.
Web3 gaming startup Gomble Games raises $10 million in funding
According to Investing.com, Singapore Web3 game startup Gomble Games announced the completion of US$10 million in financing, with Binance Labs, Spartan, Hashed, Shima Capital, Animoca Brands, Altos Ventures, IOSG Ventures, Foresight Ventures, BigBrain Holdings and others participating in the investment. Gomble Games focuses on developing casual games on the blockchain. The company is planning to establish a participatory DAO to give users a say in marketing, game production and other businesses.
Multi-chain staking platform PrismaStake completes $6 million seed round of financing
Multi-chain staking platform PrismaStake announced the completion of a $6 million seed round of financing, but investor information has not yet been disclosed.
It is understood that PrismaStake aims to provide users from different backgrounds with the opportunity to earn passive income through ETH crypto staking, altcoin staking, etc. The platform supports multiple blockchain protocols, including EVM-compatible chains and second-layer solutions.
Web3 game studio Planet Mojo completes new round of strategic financing, with participation from Animoca Brands and others
Web3 game studio Planet Mojo announced the completion of a new round of strategic financing, led by Animoca Brands, Merit Circle and Courtside VC, with participation from Spartan Group, Citizen Capital, Sfermion, Big Brain Holdings, EVG, Republic, NGC Ventures, Readyplayer DAO, Alchemy, Momentum 6, Skyvision Capital, RW3 Ventures, Collab+Currency, Polkastarter, Metavest Capital, Everyrealm, Fourth Revolution Capital, etc. The specific amount has not been disclosed, but the company said that its total financing amount has reached US$10.5 million so far. It is reported that Planet Mojo said that the new funds will play a vital role in the development of the Mojo ecosystem and the growth of the studio, and will promote the development of its Polygon blockchain-based game Mojo Melee.
Inscription liquidity protocol SatoshiSync completes seed round and private round financing, with participation from LayerZero Labs and others
The inscription liquidity protocol SatoshiSync announced the completion of seed round and private investment round financing on the X platform. Candaq Ventures, MH Ventures, Maven Capital, Covey Network, ZBS Capital, Ape Terminal, Seedify, Chainlink, LayerZero Labs, Core DAO, Rootstock, Portal and many angel investors participated in the investment. The specific amount of financing has not been disclosed. It is reported that SatoshiSync is an inscription liquidity market built by the modular BTC L2 project Photon.
Cellula Completes $2 Million Pre-Seed Round of Financing
The full-chain AI game Cellula has completed a $2 million Pre-Seed round of financing, led by SevenX Ventures and OKX Ventures, with participation from Mask Network, Foresight Ventures, and others. The team said the new funds will be used for multi-chain deployment, new game development, team operations, etc. Cellula's first game "Game of Life" will be launched on the mainnet on April 15, and will also launch an airdrop event in conjunction with BNB Chain. In addition, it will upgrade its brand, expand its product matrix and game reward mechanism, etc. Cellula is a full-chain game ecosystem that uses virtual proof of work (vPOW) asset allocation to provide continuous incentives for games within the ecosystem. Previously, Cellula received strategic investment from Binance Labs Pre-Seed through the Binance Incubator project.
On-chain data analysis platform Dune completes $2 million in financing
The co-founder and CEO of the on-chain data analysis platform Dune, hagaetc.eth, posted on the X platform that after a year and a half of fundraising, Dune has completed a $2 million seed round of financing, and the investor information has not yet been disclosed.
BONSAI developer MadFi completes $1 million angel round of financing, led by PTC Crypto
MadFi, the developer of BONSAI, the DN-404 token on the Polygon chain, announced the completion of a $1 million angel round of financing, led by PTC Crypto, with participation from Social Graph Ventures, Avara, and a group of angel investors. BONSAI tokens enable creators on Lens Protocol to generate revenue through collectible content, information flow token exchanges, gamified staking, novel advertising models, and more.
Web3 asset data platform RootData completes $1.25 million seed round of financing, led by NLVC
Web3 asset data platform RootData announced the completion of a US$1.25 million seed round of financing, led by NLVC, with participation from Boyaa Interactive, Bonfire Union Ventures (a fund under Mask Network), Sending Labs, Skyland Ventures, GoPlus, Basics Capital, Rebase D. Ventures, UniSat, and SeeDAO. Orbiter Finance founder Gavin, Alchemy Pay co-founder Shawn Shi, and 0xScope co-founder Jackson also participated in this round of financing. This round of financing will mainly be used for product research and development, market expansion, and other aspects.
Web3 AI company Raiinmaker completes $7.5 million seed round of financing, led by Jump Capital and others
Web3 AI company Raiinmaker announced the completion of a $7.5 million seed round of financing, led by Jump Capital and Cypher Capital, with participation from Gate.io Labs, MEXC Global, Krypital Group, Alphabit, Launchpool, New Tribe Capital, Basics Capital, etc. Raiinmaker is building decentralized AI tools and Web3 infrastructure to support sports, games, and entertainment projects, allowing users to train AI through iOS or Android phones and receive token rewards proportional to their contributions to AI models. The mainnet is expected to be launched this month.
Zeus Network Completes $8 Million Funding at a $100 Million Valuation, Led by Mechanism Capital
Solana Ecosystem cross-chain communication network Zeus Network announced that it has completed $8 million in financing at a valuation of $100 million and will launch its native token, led by Mechanism Capital, OKX Ventures, Animoca Ventures, Big Brain Holdings, Lemniscap and The Spartan Group. Angel investors including Solana co-founder Anatoly Yakovenko, Stacks co-founder Muneeb Ali and Mechanism Capital founder Andrew Kang also participated in this round of financing. Justin Wang, founder and CEO of Zeus Network, said that this round of financing is in the form of a simple agreement for future tokens (SAFT) and will be carried out in batches.
Web3 social project Sofamon completes seed round financing, with participation from Polychain Capital and others
Web3 social project Sofamon announced the completion of its seed round of financing on the X platform, with participation from Polychain Capital, Seed Club Ventures, Inception Capital, Celestia COO Nick White, former Coinbase engineer 0xBeans, Divergence Ventures co-founder George Lambeth and other angel investors. The specific amount of financing has not been disclosed. It is reported that Sofamon has now launched the Beta version.
Modular BTC Layer2 Platform UTXO Stack Completes Seed Round Financing
Modular BTC Layer2 blockchain startup UTXO Stack has completed its seed round of financing, led by ABCDE and SNZ Capital, with strategic investment from CKB Eco Fund, and participation from OKX Ventures, Waterdrip Capital, Matrixport, y2z Ventures, DRK Lab and UTXO Management (the investment arm of BTC Inc. and publisher of Bitcoin Magazine).
DeFi protocol NAV announces completion of $3 million Pre-Seed round of financing
DeFi protocol NAV announced the completion of a $3 million Pre-Seed round of financing on the X platform, with more than 70 angel investors, whales, founders, DAOs and VCs participating. The protocol is said to be committed to using its structured investment products (SIPs) to bring changes to the DeFi field.
Ellipsis Labs Completes $20 Million Series A Funding, Led by Paradigm
Phoenix development company Ellipsis Labs announced the completion of a $20 million Series A financing round, led by Paradigm and participated by Electric Capital. The company's first product is the Solana ecological decentralized exchange Phoenix, which went online in February 2023 and launched a public user interface in August last year. Ellipsis Labs said the funds will accelerate its plan to "create a new financial ecosystem and provide competitive financial products on a high-throughput blockchain," while combining the accessibility and transparency of DeFi with the efficiency of traditional markets. (Fortune) Earlier in August 2023, Ellipsis Labs announced the completion of a $3.3 million seed round of financing, led by Electric Capital, with participation from Robot Ventures, Anagram, and angel investors such as Solana Labs CEO Anatoly Yakovenko, Polygon Labs CEO Marc Boiron, and Monad Labs CEO Keone Hon.
Web3 game development company DOS Labs completes $2.45 million in financing, with Kangaroo Capital and others participating
DOS Labs, the developer of the Web3 battle royale game MetaDOS, has raised $2.45 million in funding, with participation from Kangaroo Capital, AZA Ventures, Brainbox, GD10 Capital, Avalon Wealth Club, and others. MetaDOS is currently built on the Avalanche subnet DOS Chain. The initial version of MetaDOS is now available on Steam, and the official game will be released in May.
Modular L2 blockchain Camp Network completes $4 million seed round of financing, led by Maven 11
Modular Layer 2 blockchain Camp Network has completed a $4 million seed round of financing, led by Maven 11, with participation from OKX, Protagonist, Inception Capital, Paper Ventures, HTX, Moonrock Capital, and Eterna Capital. The new funds will be used to support the construction of the network. In addition, 20 active teams within the Camp Network ecosystem will receive funds to expand their teams. It is reported that its test network will be launched this month, and the main network is expected to be launched in June.
IoTeX ecosystem completes $50 million in financing, with Borderless Capital, Amber Group and others
The Ethereum-compatible blockchain IoTeX ecosystem optimized for DePIN has received $50 million in financing, with Borderless Capital, Amber Group, Foresight Ventures, FutureMoney Group, SNZ, Metrics Ventures, EV3 and Waterdrip Capital participating in this round of financing. The IoTeX team said that this investment will drive DePIN's growth and ecosystem adoption by investing in long-term staked IOTX (DePIN tokens that manage and drive IoTeX DePIN), and invest in IoTeX-based DePIN projects together with the IoTeX Foundation and DePINsurf Accelerator Fund.
Legitimate Completes $4.3 Million Seed Round, Led by Lemniscap
NFT company Legitimate has completed a $4.3 million seed round of financing, led by Lemniscap, with participation from Draper Associates, Sfermion Factor VC, and others. The on-chain project Legitimate aims to synchronize physical assets with their digital forms. Through Legitimate's LGT tag, Legitimate enables various projects to embed digital content into their physical goods. The LGT tag is a special encrypted NFC (near field communication) chip that can be seamlessly integrated into the customer's supply chain and production process.
Bitcoin-chain GameFi project Trex20 completes $1 million in financing
Trex20, a GameFi project on the Bitcoin chain, has completed a financing of US$1 million. The project has received participation from Marshland Capital, Moonrock Capital, Oddiyana Ventures, Triple Gem Capital, Nxgen, X21 Digital, Nabais Capital and others. It is reported that Trex20 will become the next round of IDO project of Seedify.
AutoLayer Completes $2.5 Million Seed Round, with KuCoin Labs and Others Participating
Arbitrum Ecosystem LRTfi application AutoLayer announced the completion of a $2.5 million seed round of financing, with participation from KuCoin Labs, Staked.vc, Morningstar Ventures, BlackEdge Capital, Spark Digital Capital, Poolz Ventures, Dewhales, etc. AutoLayer aims to become an LRTfi gateway, effectively manage LRT, LST, AVS, operators and other incentives, and promote the formulation of optimal LRT usage strategies. It is currently developing version V2.
Binance Labs-backed Privasea completes new round of strategic financing, with participation from OKX Ventures and others
Privasea, which was invested by Binance Labs in the early stage, announced the completion of a new round of strategic financing, with participation from OKX Ventures, Axia 8 Ventures, Laser Digtal controlled by Nomura Group, and Tanelabs, an incubator with a stake in SoftBank. At present, the project has received two rounds of strategic financing, including pre-seed/seed rounds of financing, with a total financing amount of US$5 million. The AI-driven FHEML solution built by Privasea has attracted attention in the AI and Depin fields as well as the crypto market. By establishing a decentralized computing network, it provides scalable computing resources for AI tasks and reduces the risk of centralized data processing.
Merkle Trade Completes $2.1 Million Seed Round
Decentralized trading platform Merkle Trade has completed a $2.1 million seed round of financing, led by Hashed and Arrington Capital, with participation from Morningstar Ventures, Amber Group, Aptos Labs, Re7 Capital and Dorahacks. Merkle Trade will use the funds from this round of financing for its protocol growth plan.
NFT application layer Moongate completes $2.7 million seed round of financing
NFT application layer Moongate has completed a $2.7 million seed round to expand its modular Web3 interaction layer built for real-world activation. This round of financing was led by CMCC Global's Titan Fund, with participation from funds such as Token Bay Capital, Penrose Ventures, RNR Capital, Cogitent Ventures, GBV, PHD Capital, and angel investors such as Coingecko, Synthetix, and Dolphin Browser. In addition, the ecosystems of Arbitrum, Polygon, Avalanche, and BNB Chain also provided support. Moongate's flagship product, the decentralized ticket and membership platform, has attracted more than 100,000 active users and has established partnerships with brands such as Wonderfruit, ComplexCon, SiamPiwat, and Binance. The platform is preparing to launch the V2 upgrade, which will add a points system and plans to issue tokens this year.
Decentralized AI cloud gaming protocol DeepLink Protocol completes over $8 million in financing
The decentralized AI cloud gaming protocol DeepLink recently completed a total of $8 million in angel and A rounds of financing, with participation from Gobi Ventures, Hycons, DBC, ROCK Ventures and other companies, as well as P&S, KMTLE, Dan & FamilyWorks, BTR, Horman, FireHustle and other Japanese, North American, European and other Asian communities. DeepLink Protocol provides ultra-low latency game rendering solutions for 3A games and cloud Internet cafes, integrating AI+DePIN+3A GAME. DeepLink Protocol supports 1ms ultra-low latency, 8K high resolution, 240fps high refresh rate, 24 hours of non-stuttering and non-disconnection through AI, blockchain and streaming technology, which can achieve unparalleled user cloud gaming experience, and maintain technological leadership in many fields such as AI super-resolution, network connection, video encoding and decoding, and network fluctuation optimization. The team also developed the DeepLink software based on the DeepLink Protocol, which currently covers more than 100 countries around the world, has more than 500,000 users, more than 100,000 daily active users, and more than 300,000 monthly active users, and is growing rapidly.
Mika Games Completes $10 Million First Round of Financing, Led by Flint Capital
Mika Games, a Web3 game investment institution founded by Nick Katselapov, co-founder of Wargaming, has completed a $10 million first round of financing, led by Boston venture capital firm Flint Capital. Mika Games was founded in 2023 and has invested $50 million in mobile game studios; it has also made strategic investments in Guli Games and Hot Siberians. In addition to financial support, Mika Games will also provide support for Web3 game projects in business processes, game design, monetization, marketing and product strategy. (Gam3s.gg)
XRADERS Completes $2.1 Million Financing, FBG Capital and Others Participate
XRADERS, an Al transaction management platform on BNB Chain, announced the completion of US$2.1 million in Pre-Seed and Seed rounds of financing, with participation from FBG Capital, Basics Capital, GM Ventures, MARBLEX, Icetea Labs, Asteroid Capital, Marshland Capital, Digital Strategies, Alpha Protocol Ventures, GBV Capital and others.
Stablecoin issuer Agora completes $12 million seed round, led by Dragonfly
Agora, a stablecoin issuer, announced the completion of a $12 million seed round of financing, led by Dragonfly, with participation from General Catalyst and Robot Ventures. Agora was co-founded by Van Eck and cryptocurrency veterans Drake Evans and Joe McGrady. The stablecoin it issues is backed by cash, U.S. Treasuries and overnight repurchase agreements.
