整理：栾鹏，RootData
According to incomplete statistics from RootData, between November 18 and November 24, 2024, there were 19 public financing events in the blockchain and cryptocurrency industry, totaling approximately $145.1 million.
From the distribution of tracks, funded projects are mainly distributed in the infrastructure and DeFi tracks. Popular projects include the Move ecosystem development platform Shinami, DeFi project Exponent, cryptocurrency fantasy sports platform Monkey Tilt, and hybrid payment platform Rise Labs.
In addition, stablecoin company Noble completed $15 million in Series A financing, with Paradigm as the lead investor. Noble's total financing reached $18.3 million, and it has partnered with stablecoin issuers like Circle, Ondo Finance, Hashnote Labs, and Monerium, managing assets totaling over $458 million.
(List of projects that raised more than $5 million last week, data source: Rootdata)
I. Infrastructure
The cryptocurrency wallet Deblock, created by former Revolut and Ledger executives, completed approximately $16.8 million in seed round financing.
According to Sifted, based on documents submitted this month to the UK Companies Registry, the cryptocurrency wallet Deblock, created by former Revolut and Ledger executives, has completed an additional £13.3 million (approximately $16.8 million) in seed round financing. Another document from October shows that Headline, Hoxton, 20VC, and Chalfen were the main investors in this round of financing. Sifted previously reported that this startup quietly raised €12 million last year.
It is reported that in August 2022, former Revolut cryptocurrency director Jean Meyer, payment director Aaron Beck, and former Ledger engineering director Mario Eguiliuz co-founded Deblock. Later that year, the startup poached Adriana Restrepo, the chief operating officer of Revolut's European banking business, to serve as its fourth founder.
Deblock CEO Jean Meyer declined to comment on this round of financing. According to its website, the Deblock application is currently only available in France, where it is regulated as an electronic money institution and digital asset service provider.
According to RootData, Deblock is an integrated current account with a non-custodial wallet, allowing users to deposit, withdraw, spend, and exchange euros or cryptocurrencies.
Move ecosystem development platform Shinami completed $5.645 million in seed round financing, led by Race Capital.
According to PRNewswire, Move ecosystem development platform Shinami announced the completion of $5.645 million in seed round financing, led by Race Capital, with participation from 6th Man Ventures, Coinbase, Circle, and Mysten Labs, with additional investment from Aptos Foundation (specific amount undisclosed).
According to RootData, Shinami is building an infrastructure developer platform for Sui, aimed at helping teams build applications faster with better user experience and lower overhead, including node services, in-app wallets, and more.
Cryptocurrency AI startup OpenLayer completed $5 million in seed round financing, with participation from a16z CSX.
Cryptocurrency AI startup OpenLayer completed $5 million in seed round financing, with participation from a16z Crypto Startup Accelerator (CSX), Geometry, IOSG Ventures, Spartan Group, LongHash Ventures, and undisclosed angel investors from EigenLayer, AltLayer, Puffer Finance, and Sei Network.
The financing process began in June and ended in August. This round of financing uses a simple agreement for future equity (SAFE) structure. OpenLayer plans to launch its own token in the future. Currently, OpenLayer has 7 employees in the U.S. and plans to hire two more engineers.
OpenLayer acts as an AI data layer, enabling users to contribute and verify data through a Chrome extension and earn points. According to its website, app developers can access this user data with user consent, thereby protecting privacy. Use cases include training AI models, user positioning, and enhanced functionality.
Stablecoin company Noble completed $15 million in Series A financing, with Paradigm as the lead investor.
According to (Fortune), stablecoin company Noble completed $15 million in Series A financing, with Paradigm as the lead investor. Noble's total financing reached $18.3 million, and it has partnered with stablecoin issuers like Circle, Ondo Finance, Hashnote Labs, and Monerium, managing assets totaling over $458 million.
According to the RootData platform, Noble aims to bridge the gap between stablecoin issuers like Circle and application chain builders by developing a platform that offers higher liquidity. Noble acts as an intermediary, collaborating with stablecoin issuers to efficiently distribute their products across 50 different blockchains, and providing developers with a seamless user interface to ensure their application chains are compatible with Noble. Noble has already partnered with several stablecoin issuers, including Circle, Ondo Finance, Hashnote Labs, and Monerium. The company has attracted over $458 million in assets.
Bitcoin L2 solution Bitfinity Network completed a $12 million financing, with participation from Polychain Beacon Fund and others.
According to Cointelegraph, Bitcoin L2 solution Bitfinity Network announced the completion of $12 million in financing, including $7 million from institutional investors such as Polychain Beacon Fund, ParaFi, Draft Ventures, and Warburg Serres, as well as $5 million raised from community OTC token sales.
The project will utilize Internet Computer Protocol (ICP) Chain Fusion technology to enable Bitcoin native assets to operate within Ethereum-compatible ecosystems. The ecosystem plans to host decentralized applications including Sonic, Chapswap, Lendfinity, and Omnity Bridge. Notably, the founder of the lending protocol Liquity, which has a TVL of over one billion dollars, is also involved in supporting the project.
According to RootData, Bitfinity (formerly InfinitySwap) is the next-generation EVM that acts as a second layer for Bitcoin and other assets, utilizing threshold signature schemes and built on IC.
II. DeFi
DeFi project Exponent completed a financing of $2.1 million, led by RockawayX.
DeFi project Exponent completed $2.1 million in financing, led by RockawayX, with participation from Solana Ventures, Cherry Ventures, Mechanism Capital, Robot Ventures, and angel investors Stepan Simkin, Marius C., David Lu, MacBrennan, and others. The funds will be used to build a fixed interest rate market for DeFi on Solana.
It is reported that the time-locked tokens issued by Exponent can generate fixed returns or be used for yield trading. These tokens have expiration dates, allowing users to convert variable DeFi yields into fixed returns or expand their risk exposure to yield fluctuations within a set time span.
DeFi liquidity solution Barter completed $3 million in seed round financing, led by Maven 11.
According to The Block, decentralized finance liquidity solution provider Barter announced the completion of $3 million in seed round financing, led by Web3 venture capital firm Maven 11, with participation from Lattice, Anagram, Heartcore, DCG, and Daedalus Angels.
Barter co-founder Nikita Ovchinnik stated that this round of financing will be used to expand the team, accelerate R&D, and continue developing its DeFi tool AppChain. It is reported that Barter currently has a daily trading volume of $20 million across multiple EVM-compatible blockchains. The project was established in 2023, primarily providing on-chain transaction matching and settlement services.
Staking protocol developer Alluvial completed $4.3 million in strategic financing, led by Variant.
According to official news, software development company Alluvial, which supports Liquid Collective, completed a new round of strategic financing of $4.3 million, led by Variant, with participation from Ethereal Ventures, Brevan Howard Digital, F-Prime Capital (the venture capital firm under Fidelity Investments’ parent company FMR, LLC), Nascent, and others, bringing the total financing amount to $22.5 million.
The funds are aimed at promoting the development of specialized, open, and configurable solutions to accelerate adoption in the institutional staking market.
It is reported that Alluvial is a software development company providing a suite of enterprise-grade staking products and services, focusing on facilitating the mainstream adoption and participation in proof-of-stake blockchains. Liquid Collective is a set of staking standards designed to meet the needs of enterprises.
III. Games
Decentralized gaming player network KGeN completed a financing of $10 million, led by Aptos Labs.
The decentralized gamer network KGeN (Kratos Gamer Network) announced the completion of $10 million in ecosystem round financing, led by Aptos Labs, with participation from Polygon and Game7, bringing its total financing to $30 million.
It is reported that the Kratos gamer network primarily operates in India, Brazil, Nigeria, Southeast Asia, and the Middle East and North Africa.
Additionally, Web3 asset data platform RootData reports that since 2022, Kratos Studios' mission is to bring millions of micro-gaming communities from emerging markets into Web3 to create the most powerful POG (Player Proof) engine and Kratos gaming network (KGeN). The POG engine will enable gamers and game developers worldwide to interact seamlessly with each other through the multi-chain gaming data network KGEN.
Cryptocurrency fantasy sports platform Monkey Tilt completed $30 million in Series A financing, led by Pantera Capital.
According to PR Newswire, cryptocurrency fantasy sports platform Monkey Tilt announced the completion of $30 million in Series A financing, which concluded this summer, led by Pantera Capital, with participation from Polychain Capital, PokerGo, Hack VC, Dream Ventures, Accomplice, Mirana, and Josh Hannah. This latest financing brings the total financing amount to over $50 million.
It is reported that Monkey Tilt will launch in early 2024, combining prediction games, sports, poker, and cryptocurrency into one platform. Monkey Tilt plans to launch a new gamified cryptocurrency trading product in the first quarter of next year.
ChainCatcher previously reported that cryptocurrency fantasy sports platform Monkey Tilt announced the completion of $21 million in financing, with participation from PolyChain Capital, Hack VC, Poker Go, Accomplice, Paper Ventures, and Folius Ventures.
IV. AI
EWA track Luluchain completed a $5 million institutional round financing at a valuation of $50 million, led by DG Capital.
Dedicated to transforming social scenario data into quantifiable value virtual assets (Emotional World Assets), project Luluchain announced the completion of $5 million in institutional round financing at a valuation of $50 million, led by DG Capital, with participation from Smo Capital, LD Block, Unionblock VC, and Blockin.venture.
Luluchain is a unique blockchain platform that integrates AI + Web2 social scenarios + Web3 decentralized finance, developed based on Comsos SDK.
V. Others
Truemarkets completed over $4 million in financing through public NFT sales, with Vitalik spending 32 ETH to participate in the minting.
According to The Block, market-based news and entertainment platform Truemarkets raised over $4 million through public NFT sales, raising $4.03 million by selling 15,071 NFTs, with a minting fee of 0.08 ETH (approximately $250) per NFT. Ethereum co-founder Vitalik Buterin purchased 400 of these NFTs, spending a total of 32 ETH (approximately $107,000).
Truemarkets allows users to bet on real-world events. Truemarkets has two types of NFTs: Oracle Patron NFT and Truth Seeker NFT. NFT holders are eligible to claim the upcoming TRUE tokens during the platform's token generation event.
Hybrid payment platform Rise Labs completed $6.3 million in Series A financing, led by Draper Associates.
According to official news, hybrid payment platform Rise Labs announced the completion of $6.3 million in Series A financing, bringing its total financing to $10 million. This investment was led by Draper Associates, with co-leads from Polymorphic Capital, and participation from DCG, JAM Fund, Ryze Labs, and Paradigm Shift Capital.
It is reported that Rise is a hybrid payment infrastructure that integrates fiat currency, stablecoins, and cryptocurrencies. Currently, Rise has over 150 clients and more than 100,000 contractors. Its client base includes traditional enterprises, Web3 companies, as well as DAOs, protocols, and platforms. Rise's integrated platform supports businesses in recruiting, hiring, and paying global contractors and employees in local currencies and stablecoins while ensuring compliance with international tax regulations and labor laws.
Phantom acquired Web3 firewall technology provider Blowfish.
Cryptocurrency wallet Phantom acquired Web3 firewall technology provider Blowfish, with the specific acquisition amount undisclosed. The Blowfish team will launch new security features for Phantom, including intuitive transaction previews and real-time fraud insights.
AIGC chain game Gabby World completed a $2 million financing at a valuation of $20 million, with participation from SevenX Ventures and others.
According to official news, community co-created AIGC game Gabby World announced the completion of $2 million in financing at a valuation of $20 million, led by SevenX Ventures, OnePiece Labs, Everest Ventures Group, Huofeng Capital, Zonff Partners, and 13 other institutions, as well as 8 angel investors including former partners of Republic and Hashed.
Gabby World is a community co-created AIGC game of Dungeons and Dragons and the first VC token to achieve meme-like ultra-low market cap issuance through a 'fair release' token economy, aiming to explore a new paradigm of VC token issuance against 'low circulation high FDV' and against timed unlocks.
The GABBY token was quietly issued at a market cap of $10,000 on Solana's DEX at the end of October and successfully validated the on-demand release and repurchase destruction advocated by the 'fair release' token economic model over the past few weeks.
Paxos acquired the Finnish electronic money institution Membrane Finance, laying out its strategy for the EU stablecoin market.
According to official news, blockchain and tokenization infrastructure platform Paxos announced it has agreed to acquire Finland-licensed electronic money institution Membrane Finance. The deal is subject to regulatory approval, and upon completion, Paxos will obtain electronic money institution (EMI) licenses in Finland and the EU.
Paxos strategic officer Walter Hessert stated that this acquisition will help Paxos launch asset and tokenization solutions compliant with MiCA (Markets in Crypto-Assets) regulations in the EU market. Currently, Paxos has issued several regulated digital assets, including PayPal USD (PYUSD), Pax Dollar (USDP), and Pax Gold (PAXG).