According to incomplete statistics from CoinVoice, more than 25 blockchain project financing cases were announced this week (June 10-14). Mistral AI announced the completion of a 600 million euro (about 640 million U.S. dollars) Series B financing, led by General Catalyst, which is the largest financing event this week. Other popular projects include modular AI network REVOX, data protocol codatta, decentralized DAO financial governance platform Ink Finance, etc. Compared with last week, the number of financings in the cryptocurrency investment and financing market this week has increased. In the sub-sectors, the investment and financing amounts this week are concentrated in the infrastructure field and AI direction. The following is a list of financing events this week.
Nuffle Labs, an independent entity established by the NEAR Foundation, completes $13 million in strategic financing
Nuffle Labs, an independent entity established by the NEAR Foundation, has completed a $13 million strategic financing round. The funds for this round of financing came from the NEAR Foundation's strategic grant and an investment led by Electric Capital, with participation from Canonical Crypto, Fabric Ventures, Robot Ventures, Caladan, Lyrik Ventures and others.
Nuffle Labs built NEAR’s Data Availability Layer (NEAR DA), NEAR Fast Finality Layer (NFFL), and other products in the NEAR modular product suite.
“As an independent entity, Nuffle Labs will now be able to make agile decisions to ensure the NEAR Modular product remains competitive,” the company said in a press release. “Strategically positioned between the NEAR Foundation, Ethereum, and EigenLayer ecosystems, Nuffle Labs will leverage the strengths of multiple platforms to improve the efficiency and resiliency of the NEAR ecosystem.”
Web3 settlement protocol Kima completes $5 million in financing, with Blockchange and Mastercard participating
CoinVoice has recently learned that according to The Block, the Web3 settlement protocol Kima announced the completion of a $5 million financing round, with Blockchange and Mastercard's FinSec Innovation Lab, as well as several angel investors participating in the investment.
Kima is reportedly building a settlement protocol that connects traditional financial services such as fiat bank accounts and credit cards with decentralized financial instruments.
Account abstraction wallet Holdstation completes strategic round of financing, SNZ Capital and others participate
According to The Block, Holdstation, an account abstraction wallet on ZKSync, announced the completion of a strategic round of financing. The specific amount of financing was not disclosed. SNZ Capital, Summer Ventures and EVG Ventures participated in the investment. The new funds will promote the integration of Holdstation with artificial intelligence and promote the development of its smart artificial intelligence wallet.
Unite, the mobile gaming L3 blockchain solution, completes $3 million in financing, led by SuperLayer
Unite announced the successful completion of a $3 million seed extension round led by Web3 venture studio SuperLayer, with participation from Coinbase Ventures, OKX Ventures, Solana Ventures, Kraken Ventures, Gemini Frontier Fund, Formless Capital, HTX Ventures, CoinDCX Ventures, and others.
Unite plans to use the funding to accelerate its strategic transformation to become the first Layer 3 blockchain solution for mass-market mobile gaming.
Symbiotic, a re-pledge project, completes $5.8 million in seed round financing
The re-staking project Symbiotic announced its official launch and said it has completed a US$5.8 million seed round of financing, led by Paradigm and Cyber Fund.
According to Web3 asset data platform RootData, Symbiotic is a universal re-staking system that enables decentralized networks to bootstrap powerful, fully sovereign ecosystems. It will provide a method called Active Validation Service (AVS) for decentralized applications to collectively protect each other.
Binance Labs announces investment in Ethereum L2 developer Zircuit
Binance Labs announced an investment in Ethereum Layer 2 network developer Zircuit for an undisclosed amount. Binance Labs’ investment in Zircuit comes ahead of the network’s mainnet launch this summer. Both companies declined to disclose the size of the investment and other terms of the transaction.
According to Web3 asset data platform RootData, Zircuit is an EVM-compatible zero-knowledge rollup. The network's unique hybrid architecture combines optimistic infrastructure with zero-knowledge proofs to provide developers with the best of both worlds.
Web3 talent marketplace Bondex completes strategic round of financing, with Animoca Brands participating
Web3 talent market Bondex announced the completion of a strategic round of financing, with Animoca Brands participating. The specific amount has not been disclosed. It is reported that Bondex mainly provides gamified experience and tokenized rewards, enabling participants to advance their careers, build reputations and receive rewards through referrals and skill verification.
DeFi credit service company Qiro Finance completes $1.2 million Pre-Seed round of financing
Qiro Finance, a Singapore-based DeFi credit service company, announced the completion of a US$1.2 million Pre-Seed round of financing, led by Alliance, with participation from Druid Ventures, Escape Velocity (EV3), Trident Digital and CMT Digital. The specific valuation information has not been disclosed yet.
Leveraged trading protocol Particle completes a new round of strategic financing
The permissionless leveraged trading protocol Particle announced the completion of a new round of strategic financing, with participation from Spirit DAO, XDeGods, dingaling and others. The specific amount has not been disclosed yet.
Previously, Particle completed a seed round of financing led by Polychain Capital in January this year.
Layer3 Completes $15 Million Series A Funding, Led by ParaFi and Greenfield Capital
Token distribution protocol Layer3 announced the completion of a $15 million Series A financing round, led by ParaFi and Greenfield Capital, with participation from Electric Capital, Immutable, Lattice, Tioga, LeadBlock, Amber and others. Layer3 is about to launch its token and conduct an airdrop in the summer.
Web3 gaming startup D-Drops completes €500,000 Pre-Seed round of funding, with ROM Utrecht participating
Web3 gaming startup D-Drops has raised €500,000 in a Pre-Seed round of funding, with participation from ROM Utrecht. The funding will support the launch of a location-based treasure hunt game.
AI Layer2 Project Optopia.ai Completes Seed Round Financing
AI Layer2 project Optopia.ai announced the completion of its seed round of financing, with participation from G·Ventures, Kucoin Ventures, JRR Capital, KKP International Limited, ZenTrading, Klein Labs, MCS Capital and well-known KOL MrBlock.
The funds will be used to accelerate the continued upgrade and optimization of Optopia’s infrastructure, enhance AI capabilities, build decentralized technology, and increase community engagement.
It is reported that Optopia.ai is a Layer 2 network that aims to build innovative AI standards and expand AI application scenarios. It aims to simplify Web3 operations through AI agents, lower the entry threshold for users, and empower AI agents through token economic models to unleash the potential of Web3. Optopia launched its mainnet in May and is currently conducting mainnet interactive activities to cultivate a strong and active developer and user community.
Modular AI network REVOX completes strategic round of financing, with cumulative financing of US$6 million
Modular AI network REVOX (revox.ai) announced the completion of a strategic round of financing, which was participated by a number of angel investors in the fields of AI and Web3, including SevenX Ventures, Arweave SCP Ventures, Cointelegraph Acceleration, Skyland Ventures, Taisu Ventures, 0x Consulting, 7upDAO and other institutions.
REVOX aims to build a modular AI Agent network and distributed applications, providing users with fair and efficient information on Web3 and beyond. Through decentralized AI infrastructure, it will revolutionize the way AI distributed applications are created and become the preferred platform for Web3 AI developers and users.
REVOX’s flagship mobile app ReadON DAO and TON app ShareON have more than 4 million users and more than 400,000 daily active users on the chain. Among them, more than 1.25 million users have completed KYC verification through payment platforms such as Binance Pay, Lazada Pay, and Dana.
In terms of revenue, REVOX has reached commercial cooperation with multiple companies and projects, providing digital technology services to partners such as the Web3 subsidiary of Japanese and Korean social giant LINE, Japanese airline JAL, German digital marketing company adjoe, and Web3 game project Mobox.
Currently, REVOX has officially launched the airdrop points claiming activity. Users can win airdrop points by experiencing the Web3 GPT tool lense.revox.ai.
Ava Protocol Completes $10 Million Seed Round, Polygon Founder and Others Participate
Ava Protocol (formerly OAK Network) has raised $10 million in seed funding from Electric Capital, Taisu Ventures, and Polygon founder Sandeep Nailwal. The new funds will be used to develop its Eigenlayer AVS for private autonomous transactions on Ethereum.
“This funding supports core Web3 infrastructure to automate cross-chain smart contracts for applications such as limit orders on decentralized exchanges,” the team said. “With over 30 partners, including Polkadot and Moonbeam, Ava aims to simplify the deployment of Web3 applications.”
Data protocol codatta completes $2.5 million seed round of financing, led by OKX Ventures
codatta announced the successful completion of a $2.5 million seed round of financing. This round of financing was led by OKX Ventures, with participation from Comma3 Ventures, Mask Network, OGV, Paramita Venture, Web3Port, CGV, Fibo Partners, CatcherVC, BlockAI Venture, and angel investors from former Coinbase and Pinterest executives. GoPlus and zCloak Network also participated in the strategic investment.
Unite Completes $3 Million Seed Extension Round, SuperLayer Leads Investment
Unite, a mobile gaming L3 blockchain solution, has completed a $3 million seed extension round of financing, led by SuperLayer, with participation from Coinbase Ventures, OKX Ventures, Solana Ventures, Kraken Ventures, Gemini Frontier Fund, Formless Capital, HTX Ventures, CoinDCX Ventures, etc. Unite plans to use this funding to accelerate its strategic transformation to become a Layer 3 blockchain solution for mass-market mobile games.
On-chain data developer Irys completes $8.9 million financing, led by Lemniscap
On-chain data developer Irys has completed $8.9 million in financing, led by Lemniscap, with participation from Framework, Primitive Ventures, Hypersphere, Permanent Ventures, etc. Irys develops scalable on-chain storage and has infrastructure that can help track and verify digital information.
Telegram Ecosystem Game Pixelverse Completes $5.5 Million Funding
Startup entertainment studio and gaming ecosystem Pixelverse announced a $5.5 million round of financing led by Delphi Ventures, Merit Circle, and Mechanism Capital. Other investors include Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, Foresight Ventures, The Sandbox founder Sébastien Borget, Luca Netz, Dingaling, DCF GOD, Grail, and James Kwon.
Pixelverse is a cyberpunk-themed entertainment studio and game that makes Web3 fun and accessible to the masses. This funding round comes at a time of growth for Pixelverse, which now has over 15 million registered users and over 5 million daily active users for its quest-based cyberpunk browser and Telegram game.
Berachain Ecosystem Project Honeypot Finance Completes Strategic Round of Financing
Honeypot Finance, a Berachain ecosystem project, announced the completion of a strategic round of financing on the X platform, with a valuation of $20 million. The total amount of funds raised by the project in the seed round, pre-seed round and strategic round financing has now reached $1.3 million. This round of financing was led by TKX CAPITAL, CSP DAO, AQUANOW, Web3Port, EnigmaValidator and other institutions.
Nexus announces $25 million Series A funding round led by Lightspeed and Pantera
Modular zkVM project Nexus announced the completion of a $25 million Series A financing round, led by Lightspeed and Pantera, with participation from Dragonfly, Faction and Blockchain Builders Fund.
Nexus will use the funds to advance the open source development of Nexus 1.0, the growth of the Nexus ecosystem, and the expansion of its science and engineering teams.
Native account abstraction layer Zyfi completes $2 million in private equity financing, with participation from Tenzor Capital and others
Native account abstraction layer Zyfi announced on the X platform that it has completed a $2 million private equity financing, with participation from Tenzor Capital, Everstake Capital, ZBS Capital and others.
Decentralized DAO financial governance platform Ink Finance completes $5 million in financing
Ink Finance, a decentralized DAO financial governance platform supported by Republic Capital, Defi Alliance, Avalanche Ecological Fund, Polygon Ecological Fund, etc., recently announced the completion of a new round of financing of US$5 million. Investment institutions such as Republic, Alliance, Blizzard Fund, P2 Ventures, GSR, DHVC, Draper Dragon, Bella, Aegis Ventures, and Tido Capital participated in the investment. The valuation information has not been disclosed yet. It is reported that the new funds will be used to expand Web3 financial management, provide support for reputable DAOs and protocols in DeFi, and bridge the gap between DeFi and TradFi, and develop more efficient, fair and inclusive financial infrastructure.
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Ink Finance, a decentralized DAO financial governance platform supported by Republic Capital, Defi Alliance, Avalanche Ecological Fund, Polygon Ecological Fund, etc., recently announced the completion of a new round of financing of US$5 million. Investment institutions such as Republic, Alliance, Blizzard Fund, P2 Ventures, GSR, DHVC, Draper Dragon, Bella, Aegis Ventures, and Tido Capital participated in the investment. The valuation information has not been disclosed yet. It is reported that the new funds will be used to expand Web3 financial management, provide support for reputable DAOs and protocols in DeFi, and bridge the gap between DeFi and TradFi, and develop more efficient, fair and inclusive financial infrastructure.
OpenAI competitor Mistral AI completes $640 million Series B financing
Mistral AI announced the completion of a 600 million euro (about 640 million U.S. dollars) Series B financing, led by General Catalyst, with participation from Belfius, Bertelsmann Investments, BNP Paribas, Bpifrance (through its Digital Venture Capital Fund), Cisco, Eurazeo, Headline, IBM, Korelya Capital, Latitude, Millennium New Horizons, Sanabil Investments, ServiceNow, SV Angel, Lightspeed Venture Partners, Andreessen Horowitz, Nvidia, Samsung Venture Investments and Salesforce Ventures. Mistral AI's main competitors include OpenAI, Anthropic, etc., and it has currently released pre-trained and fine-tuned models under an open source license with open weights. (TechCrunch)
Solana Ecosystem Multi-Signature Protocol Squads Completes $10 Million Series A Funding, Led by Electric Capital
Squads Labs, the developer of the Solana ecosystem multi-signature protocol Squads, announced the completion of a $10 million Series A financing round led by Electric Capital, with participation from Coinbase Ventures, Placeholder VC, RockawayX, L1 Digital and Helius co-founder and CEO and Odyssey Ventures founder Mert Mumtaz. Squads Labs also announced the launch of its retail-focused iOS wallet application Fuse on public TestFlight.
Web3 gaming, entertainment and social ecosystem Skytopia completes $2.4 million seed round
Skytopia, a Web3 gaming, entertainment and social ecosystem, announced that it has raised $2.4 million in seed round funding, led by Vertex Capital and SuperChain Capital, with participation from Boyaa and InitiateCapital.
It is reported that Skytopia has received support from many guilds including YGG, BGA, GMA, WGGDAO, N9Club, Eureka, LDGD, NAGA, EDGE, Digital, etc., and will launch a large-scale governance token airdrop event this week.
Metaverse blockchain game Yuliverse completes $4 million Pre-A round of financing, led by LIF Capital
Web3 gaming social metaverse platform Yuliverse has completed a $4 million Pre-A round of financing, led by LIF Capital, with participation from Spyre Capital, Presto Labs, DWF Labs, Sending Labs, 2 Punk Capital, G20, CSP DAO, 071 Labs, Titans Ventures, Ultiverse, HC Capital and others, with a total financing of more than $6 million.
