According to incomplete statistics from CoinVoice, more than 34 project financing cases in the blockchain field were announced this week (5.27-5.31). Artificial intelligence company xAI announced the completion of a $6 billion Series B round of financing, the largest financing event this week. Other popular projects include Bitcoin equity project Babylon, SocialFi infrastructure protocol OpenSocial Protocol, Web3 game distribution platform NexGami, etc. Compared with last week, the cryptocurrency market investment and financing prices have increased significantly this week. In terms of subdivisions, investment and financing amounts this week were concentrated in the infrastructure sector. The following is an overview of this week’s financing events.
RWA project Plural completes $2.3 million pre-seed round of financing
RWA project Plural Energy has completed a $2.3 million pre-seed round of financing, led by CompoundVC and Necessary Ventures, with participation from Volt Capital and Maven 11. The new funds will be used to connect solar and wind developers with investors through blockchain.
Plural Energy allows people to invest in solar farms, wind farms and battery storage projects for as little as $10, compared with the usual minimum investment of $50,000.
Web3 game distribution platform NexGami completes $2.5 million seed round of financing, led by Metalpha
Web3 game distribution platform NexGami has completed a $2.5 million seed round of financing, led by Metalpha, with participation from KuCoin Ventures, HTX Ventures, Gate Labs, Ledger Capital, Tide Group, OIG, XT.com, Lbank, Kekkai, IBC Group, etc. The funds raised will be used to promote the development of the NexGami platform.
According to Web3 asset data platform RootData, NexGami completed a $2 million seed round of financing in October last year with a post-investment valuation of $20 million, with participation from Polygon Ventures, Fundamental Labs and Ledger Capital.
Web3 game distribution platform NexGami completes $2.5 million seed round of financing, led by Metalpha
Web3 game distribution platform NexGami has completed a $2.5 million seed round of financing, led by Metalpha, with participation from KuCoin Ventures, HTX Ventures, Gate Labs, Ledger Capital, Tide Group, OIG, XT.com, Lbank, Kekkai, IBC Group, etc. The funds raised will be used to promote the development of the NexGami platform.
According to Web3 asset data platform RootData, NexGami completed a $2 million seed round of financing in October last year with a post-investment valuation of $20 million, with participation from Polygon Ventures, Fundamental Labs and Ledger Capital.
Avalanche on-chain stablecoin center Stable Jack completes $1 million angel round of financing
According to official news, Stable Jack, the stablecoin center on the Avalanche chain, announced the completion of a US$1 million angel round of financing. The investors and valuation information have not been disclosed yet.
It is reported that Stable Jack currently provides income-based stablecoins, volatile AVAX tokens and stable exchange products. The income-based stablecoin emphasizes capital efficiency, no liquidation risk and no centralization risk. Volatile AVAX tokens provide DeFi composability without paying financing fees or liquidation risks. Stable exchanges promote unilateral liquidity supply.
Neynar, a decentralized social networking tool provider, completes $11 million in Series A funding
According to Fortune magazine, Neynar, a provider of decentralized social networking tools, has completed an $11 million Series A financing round led by Haun Ventures, with participation from a16z, CSX, Coinbase Ventures and Union Square Ventures.
According to the Web3 asset data platform RootData, Neynar is the easiest way to build on Farcaster. Developers can use the Neynar infrastructure to develop the building blocks of the Farcaster protocol. The Neynar API can be used to read and write Farcaster data (profiles, casts, feeds, etc.).
iGaming project MetaToken completes $5 million private placement round
According to decrypt, MetaToken, an iGaming project based on Ethereum and TON, announced the completion of a $5 million private round of financing. Several venture capital institutions, angel investors and project participants participated in the investment, but the specific investor information has not been disclosed yet.
Decentralized Compliance Wallet Infrastructure ZTLment Completes 2.4 Million Euros Pre-Seed Financing
ZTLment, a decentralized compliant wallet infrastructure headquartered in Copenhagen, Denmark, announced the completion of a €2.4 million Pre-Seed round of financing, with participation from PreSeed Ventures, Upfin, Giant Ventures and a group of angel investors.
ZTLment claims to be the first compliant wallet infrastructure project in Europe to conduct fiat currency transfers on a decentralized rail, which can solve long-standing challenges faced by ordering and booking platforms, including automating fund flows, improving payment transparency, and maintaining regulatory compliance.
DePIN asset re-pledge agreement Parasail completes $4 million seed round of financing
According to official news, Parasail, a DePIN asset re-pledge protocol, announced the completion of a $4 million seed round of financing, with a valuation of $50 million. The seed round was led by Protocol Labs, with participation from D11 Labs, MH Ventures, BitRise Capital, EV3, Fenbushi Capital, Modular Capital, Faculty Group, DWF Ventures, Foresight Ventures, AGE Crypto, Waterdrip Capital, etc.
According to the Parasail team, the financing funds will be used to accelerate the realization of various product features in the Parasail Master Plan, that is, to pool assets and hardware on DePIN, provide users with service level guarantees, and dynamically coordinate hardware resources according to demand. It is reported that Parasail TVL exceeds 50 million US dollars.
In addition to providing security for hardware services through asset delegation, Parasail is building a universal adapter for hardware service provision and verification to enable the flexible use and flow of common hardware resources (such as graphics cards, storage, sensors, etc.) in different DePIN ecosystems. With the Parasail protocol, DePIN projects can systematically and efficiently build their networks and mobilize hardware resources.
According to Web3 asset data platform RootData, Parasail is a re-staking protocol for staking DePIN assets. It aims to improve the efficiency of DePIN token locking, eliminate special risks among DePIN service providers, and reduce the complexity for people to obtain DePIN protocol rewards.
RWA stablecoin issuer Anzen Finance completes $4 million seed round of financing
According to The Block, RWA stablecoin issuer Anzen Finance has completed a $4 million seed round of financing. This round of financing was participated by Mechanism Capital, Circle Ventures, Frax, Arca, Infinity Ventures, Cherubic Ventures, Palm Drive Ventures, M31 Capital, Kraynos Capital and others.
It is reported that its board of directors will not change after the completion of this round of financing transactions. Anzen allows users to mint stablecoins USDz supported by a "diversified portfolio of private credit assets", provided collateral by real-world assets USDz, and the token can be pledged in other DeFi protocols.
Cross-chain liquidity aggregator Chainge Finance has completed $13 million in financing
Chainge Finance, a cross-chain liquidity aggregator, announced on X that it has completed a $13 million financing, with GEM Digital, Alpha Token Capital and others participating in the investment.
Chainge Finance says smart AI trading and cross-chain transactions for any token on any chain are coming soon.
Blockchain node management platform NodeOps completes $5 million seed round of financing, led by L1D
According to PR Newswire, blockchain node management platform NodeOps has completed a $5 million seed round of financing, led by L1D and participated by Blockchain Founders Fund, Finality Capital and others.
According to Web3 asset data platform RootData, NodeOps has built a solution that simplifies the node deployment and management process, enabling integration with multiple blockchain networks through innovative tools and support mechanisms.
Kuroro Beasts Completes US$2.5 Million Strategic Funding Round with Animoca Brands as Participant
According to official news, Arbitrum ecological blockchain game Kuroro Beasts announced the completion of a strategic round of financing of US$2.5 million, led by Animoca Brands and Sanctor Capital, with participation from Axie co-founder Jihoz and Pixels founder Luke Barwikowski. It is reported that the main purpose of this round of financing is to introduce partners and individuals who can bring huge value-added and provide support when Kuroro Beasts launches the ecosystem.
Ethereum L2 network Mint Blockchain completes $5 million seed round of financing
Ethereum L2 network Mint Blockchain has completed a $5 million seed round of financing, with investors including Jsquare, SNZ Capital, Antalpha Ventures, Mask Network, BlockAI Ventures, Predator Capital, GoPlus, Whitelist Ventures, PANONY Group, and individual investors Smart Token Labs founder Victor and GoPlus founder Mike. This round of financing will be used for Mint Blockchain's global market brand building and NFT infrastructure development. (prnewswire)
Web3 gaming platform TRALA raises $5 million, with Matter Labs and others participating
TRALA, a one-stop global Web3 gaming platform, announced that it has completed a $5 million financing round, with Matter Labs, Animoca Brands, Gate Labs and 14 other global investors participating. Earlier in early May, TRALA announced the completion of a new round of strategic financing, with Animoca Brands participating. TRALA is a subsidiary of Joycity, a listed gaming company in South Korea. After receiving investment from Animoca Brands, the two parties will cooperate in the global Web3 GameFi field. TRALA plans to focus on building a long-term sustainable gaming platform and will access a series of AAA global gaming IPs on zkSync.
DePIN platform XMAQUINA completes Pre-Seed round of financing, with participation from EoT Ventures and others
XMAQUINA, a token-based automated robot DePIN platform, announced the completion of its Pre-Seed round of financing on the X platform, with participation from EoT Ventures and Moonrock Capital. The specific amount and valuation data have not been disclosed. XMAQUINA mainly helps companies tokenize real-world assets and transform smart machines into public investment opportunities.
Babylon completes new round of financing of US$70 million, led by Paradigm
Bitcoin staking project Babylon has announced a $70 million funding round led by Paradigm, with participation from Polychain Capital, the venture capital arm of cryptocurrency exchange Bullish (also CoinDesk’s parent company), HashKey Capital, Mantle, HackVC, ViaBTC Capital, Amber, imToken, Breyer Capital, IOSG, HTX Venture and LD Capital. The latest round follows an $18 million round in December.
ARPA Network Completes $6 Million Strategic Round of Financing, with Animoca Ventures and Others Participating
According to official news, the decentralized secure computing project ARPA Network has completed a $6 million strategic round of financing, with participation from Nomura's Laser Digital and DeFiance Capital, Animoca Ventures, Metrics Ventures, ArkStream Capital and Trinito. ARPA Network has also previously received a multi-million dollar strategic investment from DWF Labs to promote the development of decentralized computing solutions.
Blockchain game project Zentry completes strategic round of financing, with Spartan, LongHash and others participating
According to official news, the blockchain game project Zentry (formerly the blockchain game guild GuildFi) announced the completion of a strategic round of financing, with Spartan, LongHash, Synergis and DWF Labs participating in the investment, and the specific amount has not been disclosed. It is reported that Zentry stated that its funds exceeded 150 million US dollars, and the new funds will further strengthen its Metagame Layer. Zentry previously planned to create a unified Superlayer to reward all types of game players across multiple blockchains.
Oracle Solution API3 Completes Strategic Round of Financing, Led by DWF Labs
According to market news, the oracle solution API3 announced the completion of a strategic round of financing, led by DWF Labs. It is reported that this round is a strategic fund diversification financing, with a scale of 4 million USDC, of which DWF Labs contributed 2 million USDC, Spartan Group 1 million USDC, Laser Digital and Caladan (formerly AlphaLab) 500,000 USDC. DWF Labs received 711,744 API3, Spartan Group received 355,872 API3, Laser Digital and Caladan received 177,936 API3. It is reported that the lock-up period of the tokens is in the form of 12-month linear unlocking and 6-month cliff unlocking, which means that 50% of the tokens will be unlocked six months after the proposal is passed, and the remaining 50% will be unlocked linearly in the next six months.
SCRYPT, a crypto asset financial services provider, announced the completion of a $5 million strategic financing led by Braza Bank
SCRYPT, a crypto asset financial services provider, announced the completion of a $5 million strategic financing round led by Braza Bank, with participation from venture capital firms such as Funfair Ventures, Cabrit Capital and Atlantic Labs. SCRYPT also recently received approval from Swiss regulators to launch asset management solutions, and SCRYPT Digital Investments AG will receive a portfolio manager license from the Swiss Financial Market Supervisory Authority (FINMA) in July 2023.
Web3 social platform beoble completes new round of financing, Ripple participates in the investment
Web3 social platform beoble announced on X Platform that it has completed a new round of financing, with Ripple participating in the investment, and the specific amount was not disclosed. Beoble said it will seek ways to launch its services on XRP Ledger (XRPL). It is understood that beoble is a Web3 messaging and social platform that aims to provide secure and decentralized wallet-to-wallet communication.
Web3 AI and gaming company PlayAI completes $4.3 million seed round, with participation from P2 Ventures and others
Web3 AI and gaming company PlayAI announced the completion of a $4.3 million seed round of financing, with participation from P2 Ventures, Jump Crypto, Alphawave, Zentry, MH Ventures, Tykhe Block Ventures, etc., with a valuation of $70 million. PlayAI mainly provides rewards to gamers who share game data and uses this data to train AI models.
Fortunafi Completes $9.51 Million Strategic Seed Round at $48 Million Valuation
RWA tokenization platform Fortunafi announced that it has completed a $9.51 million strategic seed round of financing at a valuation of $48 million, with participation from Shima Capital, Manifold, Jordan Fish (aka Cobie), Ari Litan of LayerZero Labs, Austin Green of Llama, Evanss6 and Scott Lewis. Fortunafi also announced the launch of a new stablecoin protocol called Reservoir, which is expected to go live next month, and will also work with Index Coop to launch real-world asset index tokens. (TheBlock)
Digital market infrastructure operator Marketnode completes Series A financing, led by HSBC
Marketnode, a digital market infrastructure operator founded by SGX and Temasek, has completed its Series A financing, led by HSBC, with investors also including existing shareholder Temasek. The funds from this round of financing will be used to expand the scale of the Marketnode platform in key asset classes such as digital fixed income and structured products, participate in the upcoming launch of Fundnode, and launch other tokenized asset products. As part of HSBC's investment, John O'Neill, HSBC's global head of digital asset strategy, will join the Marketnode board of directors.
Figment Capital Completes Strategic Round of Financing, with HTX Ventures Joining
Figment Capital, an early-stage venture fund focused on blockchain infrastructure, announced the completion of a strategic round of financing. HTX Ventures, the global investment arm of the cryptocurrency exchange Huobi HTX, participated in the investment. The specific amount has not been disclosed. This investment highlights HTX Ventures' commitment to promoting innovation and supporting the development of scalable Web3 technologies worldwide. Figment Capital was founded in 2021 and is committed to investing in high-conviction early-stage blockchain infrastructure projects. Its portfolio includes projects such as EigenLayer, Celestia, Initia, Wormhole, Movement, zkSync, etc.
Decentralized transaction execution protocol STXN completes $5.5 million seed round of financing, with Shima Capital and others participating
Smart Transaction (STXN), a decentralized transaction execution protocol, announced the completion of a $5.5 million seed round of financing, with participation from HackVC, Backed, Shima Capital, Signum Capital, Antalpha, Gate.io, Breed VC, Chorus One, Tane, etc. The specific valuation information has not been disclosed. Smart Transaction is a decentralized transaction creation and execution framework run by a solver, allowing users to set specific conditions for transaction time and execution, and can process transactions based on precise conditions and time.
Decentralized social network tool Neynar completes $11 million Series A financing, with participation from a16z and others
Neynar, which provides developers with tools to build decentralized social networks, announced the completion of a $11 million Series A financing round, led by Haun Ventures, with participation from a16z, CSX, Coinbase Ventures, and Union Square Ventures. Currently, most developers using Neynar services are developing social applications on Farcaster, which plays a "quite critical" role in this journey because it minimizes the contact points between users who are tired of encryption and the underlying blockchain, creating an experience similar to Web2 applications such as Instagram or X. (fortune)
Stablecoin project defi.money completes strategic round of financing, with participation from LayerZero Labs and others
Stablecoin project defi.money announced on X platform that it has completed a strategic round of financing, with participation from GBV Capital, LayerZero Labs, and a group of angel investors including Curve Finance founder Michael Egorov. The specific amount has not been disclosed. It is reported that defi.money is an EVM-agnostic CDP protocol, combined with Curve Finance's innovative liquidation mechanism LLAMMA, aiming to build a capital-efficient, scalable and truly interoperable USD stablecoin for anyone, anywhere.
Blockchain game developer Supervillain Labs completes $4.5 million seed round
Blockchain game developer Supervillain Labs announced on X Platform that it has completed a $4.5 million seed round of financing, led by Aptos Labs and Intella X, with participation from Spartan Group, KIP-CRIT Interactive Contents Fund, Presto Labs and Planetarium Labs. The new funds will be used for the development of its games Supervillain: Idle RPG and Project ARK, and will use Aptos' blockchain technology to enhance user experience.
Crypto wallet company El Dorado completes $3 million seed round of financing, led by Multicoin Capital and others
Colombian crypto wallet company El Dorado announced the completion of a $3 million seed round of financing, led by Multicoin Capital and Coinbase Ventures. Prior to the completion of this round of financing, El Dorado joined the Skydeck Accelerator Program at the University of California, Berkeley. It is reported that El Dorado operates a peer-to-peer cryptocurrency wallet that allows users to make cross-border payments and earn extra income through stablecoin transactions. The funds from this round of financing will be used to expand the user base and improve security features to meet compliance requirements.
UniTap, a decentralized financial platform for BRC-20 and Rune, completes private round of financing, led by X Ventures
UniTap, a decentralized financial platform for BRC-20, Rune, and TAP tokens, announced the completion of a private round of financing, led by X Ventures, with participation from Unidentified, MeowCapital, Primony, and Altier Capital. The specific amount and valuation data have not been disclosed. Unitap provides a trustless on-chain token exchange tool to become the central hub of TAP DeFi, providing efficient and decentralized token transfers and bridges, including token swaps, TAP-based token bridges, and TAP protocol integration.
Blockchain expansion infrastructure provider Lumoz completes new round of strategic financing
According to official news, Lumoz, a blockchain expansion infrastructure provider, announced the completion of a new round of strategic financing, with participation from IDG Blockchain, Blockchain Coinvestors, Gate Ventures, Summer Capital, EVG, 7upDAO, Sweep Ventures, etc. The specific amount has not been disclosed. The new funds will continue to be used for Lumoz team expansion, modular computing layer, ZK-RaaS platform construction and technological innovation.
OpenSocial Protocol Completes $5 Million Seed Round
OpenSocial Protocol, a multi-chain SocialFi infrastructure protocol, announced the completion of a $5 million seed round of financing, led by Portal Ventures and SNZ Capital (early supporters of Ethereum, Chainlink, Cosmos, Arbitrum, Polkadot and Dfinity), with participation from OKX Ventures, Orange DAO, Animoca Brands, Awesome People Ventures, Arche Fund, Decima Fund, Moonrock Capital, Panony, Summer Ventures; and Web3 entrepreneurs such as Smokey the Bera, Brian Fabian Crain, Mike Dudas, Martin El-Khouri, Roham Gharegozlou, Don Ho, Mable Jiang, Adam Jin, Serge Kassardjian and Jason Yano. OpenSocial aims to achieve composability through infrastructure and UI layers, including true ownership of intellectual property and relationships, as well as better aligned monetization and economic incentives.
Switchboard Completes $7.5 Million Series A Funding, Led by RockawayX and Tribe Capital
Oracle protocol Switchboard announced the completion of a $7.5 million Series A funding round, led by Tribe Capital and RockawayX, with participation from Mysten Labs, InfStones Global, OtterSec, Bixin Ventures, and various angel investors. Switchboard provides users with permissionless and secure oracle solutions, supporting developers and communities across the Web3 ecosystem, and the total value of guarantees has now risen to approximately $1.75 billion.
Decentralized AI infrastructure project GaiaNet completes $10 million seed round of financing
The decentralized artificial intelligence project GaiaNet has completed a $10 million financing round. Its key strategic advisors include Lex Sokolin of Generative Ventures, Brian Johnson of Republic Capital, Shawn Ng of 7RIDGE, Kishore Bhatia, EVM Capital, Mantle EcoFund and ByteTrade Lab. It is reported that GaiaNet is a distributed AI infrastructure that aims to decentralize the current AI agent software. GaiaNet will not set up a centralized server, but will use a distributed edge node network controlled by individuals and enterprises to host AI models based on their proprietary domain knowledge and expertise. (Coindesk)
Web3 instant settlement payment provider Coinflow Labs completes $2.25 million financing, led by CMT Digital
Web3 instant settlement payment provider Coinflow Labs announced the completion of a $2.25 million seed round of financing, led by CMT Digital, with participation from Reciprocal Ventures, Jump Crypto, Draper Dragon, Digital Money Group, etc. It is reported that Coinflow is a blockchain-based payment processor that can achieve instant settlement of payment acceptance and payment, and provide additional value-added payment-related services such as refund protection, analysis and KYC/KYB.
Elon Musk's AI company xAI completes $6 billion Series B financing, with participation from a16z and others
Elon Musk's artificial intelligence company xAI announced the completion of a $6 billion Series B financing round, with participation from Valor Equity Partners, Vy Capital, Andreessen Horowitz (a16z), Sequoia Capital, Fidelity Management & Research Company, Saudi Arabian Prince Alwaleed Bin Talal and his Kingdom Holding. This round of financing will be used to bring xAI's first products to market, build advanced infrastructure, and accelerate the research and development of future technologies.
