According to incomplete statistics from Odaily Planet Daily, there were 29 blockchain financing events announced at home and abroad from August 26 to September 1, a significant increase from last week's data (19 events). The total amount of financing disclosed was approximately US$203 million, an increase from last week's data (US$193 million).
Last week, the project that received the most investment was the global stablecoin payment network Bridge ($58 million); followed by the multi-chain infrastructure Edge Matrix Chain ($20 million).
The following are specific financing events (Note: 1. Sort by the amount of money announced; 2. Excludes fund raising and M&A events; 3. * indicates a "traditional" company whose business involves blockchain):
Stablecoin payment network Bridge completes $58 million in financing, with participation from Haun Ventures and others
On August 30, Bridge, a global stablecoin payment network co-founded by former Square and Coinbase executives Zach Abrams and Sean Yu, announced that it had received $58 million in financing, with participation from Sequoia, Ribbit, Index, Haun Ventures, etc. Bridge provides seamless conversion between fiat currencies and stablecoins, and facilitates the transfer of different stablecoins between blockchains. It has currently processed an annualized payment volume of more than $5 billion and cooperated with high-end customers (such as Elon Musk's SpaceX, Coinbase, etc.) to help them collect payments in different regions and currencies, and transfer funds to their global treasury through stablecoins.
Multi-chain infrastructure Edge Matrix Chain completes $20 million in financing, led by Polygon Ventures and Amber Group
On August 29, multi-chain infrastructure Edge Matrix Chain announced the completion of a $20 million financing round led by Polygon Ventures and Amber Group, with participation from One Comma, Kapley Judge and Associated Corporations, Cyberrock Venture Fund, Candaq Fintech Group and Hameem Raees Chowdhury. The new funds will be used to support the launch of its Layer 1 blockchain, which focuses on applications designed for artificial intelligence.
Space and Time Completes $20 Million Series A Funding, with Framework Ventures and Others Joining
On August 27, Space and Time announced the completion of a $20 million Series A financing round, with participation from Framework Ventures, Lightspeed Faction, Arrington Capital, ArkStream Capital, Hivemind Capital, etc. The specific valuation data has not yet been disclosed. Space and Time previously received a $20 million investment led by Microsoft M 12 Ventures in September 2022. It is reported that M 12 Ventures also participated in this Series A financing round.
ServerFi's leading project MetaCene announced that it has received a total financing of US$17 million and will announce its token plan in the near future
On August 30, it was reported that MetaCene received a new round of financing from Galaxy Interactive, an investment institution under Web3 giant Galaxy Digital, and top fund Gam 3 Girl Ventures. Sebastien Borget, co-founder of The Sandbox, Giulio, co-founder of LiquidX and other well-known figures participated as individual investors.
Solayer completes $12 million seed round at $80 million valuation, led by Polychain Capital
On August 28, Solana ecosystem re-staking protocol Solayer completed a $12 million seed round of financing, led by Polychain Capital, with participation from Big Brain Holdings, Hack VC, Nomad Capital, Race Capital, ABCDE, and Arthur Hayes family office Maelstrom. The post-investment valuation reached $80 million.
Gameplay Galaxy Completes $11.17 Million USD Seed Round Extension Financing, Blockchain Capital and Others Participate
On August 28, Web3 game development company Gameplay Galaxy announced that it had raised $11.17 million in seed round expansion financing, with participation from Blockchain Capital, Merit Circle and other investors. The company’s founder and CEO Doron Kagan revealed that this round of financing brought Gameplay Galaxy’s valuation to $71 million. The company completed a $12.8 million seed round of financing in September 2022, and its total financing has reached $24 million to date.
Blockchain game development company double jump.tokyo Inc. completes over 10 million USD Series D financing, led by SBI Investment
On August 29, according to official news, Japanese blockchain game development company double jump.tokyo Inc. announced the completion of over US$10 million in Series D financing, led by SBI Investment, with participation from Sony Group Corporation, Taisu Ventures, Gate Ventures, TM Capital, Inc., Bing Ventures Ltd. and an anonymous entity.
Web3 streaming platform Myco completes $10 million Series A financing, with Aptos Labs and others participating
On August 28, the UAE-based Web3 streaming platform Myco announced the completion of a $10 million Series A financing round. Daman Investments, Aptos Labs, B Digital, Mocha Ventures, Art 3 Foundation, Ghaf Capital Partners, Mix Media Network, Factor 6 Capital Partners and Enjinstarter, as well as a group of angel investors participated in the investment. The company’s valuation in this round of financing reached $80 million. The new funds will be used to further expand the Middle East and North American markets. Previously, Myco also announced a partnership with the Aptos Foundation to achieve decentralization of streaming content on the Aptos blockchain.
Cryptocurrency trading platform Neverless completes $6.7 million pre-seed round of financing
On August 29, Neverless, launched by three former Revolut executives, completed a $6.7 million Pre-seed round of financing. Users can conduct commission-free cryptocurrency transactions and invest in an automated investment account.
L1 Network Quai Network Completes $5 Million Strategic Round of Financing, Cogitent Ventures and Others Participate
On August 29, L1 Network Quai Network completed a $5 million strategic round of financing, with participation from Cogitent Ventures, MH Ventures, TPC Ventures, Giga Chad Ventures and DexCheck Ventures. It is reported that after previous rounds of financing, the company's total financing has reached $15 million, of which $10 million came from Polychain Capital, Alumni Ventures and other companies. The new funds will be used to expand the project's engineering and developer relations teams, support research and development, and invest in community engagement programs.
Web3 account framework OneBalance raises $5 million, with participation from Curved Ventures, banteg and others
On August 27, the Web3 account framework OneBalance announced on X that it had completed $5 million in angel and community rounds of financing, with participation from Konstantin Lomashuk and Vasiliy Shapovalov of Cyber Fund, Will Price, banteg, cobie, Curved Ventures, Igor Igamberdiev and others. OneBalance combines chain abstraction, gas abstraction and permission management to solve the fragmented Web3 user experience problem and optimize the Web3 user experience by providing an inclusive, collaborative and community-oriented solution.
Ethereum R&D company Chainbound completes $4.6 million in financing, led by Cyber Fund
On August 26, Ethereum R&D company Chainbound completed a $4.6 million financing round, led by Cyber Fund, with participation from Maven 11, Robot Ventures and Bankless Ventures. It is reported that the startup is developing a protocol called Bolt, which will achieve sub-second transaction confirmation on Ethereum, greatly speeding up the current average transaction confirmation time of about 7 seconds.
Web3 game developer Legend of Arcadia completes $4 million seed round of financing, with Animoca and others participating
On August 31, Web3 game developer Legend of Arcadia completed a $4 million seed round of financing, with participation from Animoca Brands, OKX Ventures, Arche Fund and Selini Capital. It is reported that Legend of Arcadia has currently developed a card role-playing game that can be accessed for free on mobile devices and will launch the in-game cryptocurrency ARCA.
Peregrine Exploration Completes $3.6 Million in Funding, Led by Polychain Capital and Dragonfly
On August 29, blockchain development and research company Peregrine Exploration completed a US$3.6 million financing round, led by Polychain Capital and Dragonfly, with participation from Robot Ventures, Pier Two, EIV and Global Coin Research, as well as angel investors such as Balaji Srinivasan, Jeff Fang, Julian Koh, Sidney Powell, etc. It is reported that the new funds will be used to develop a stablecoin protocol called Level.
Universal lending marketplace Echelon Market completes $3.5 million seed round led by Amber Group
On August 28, general lending marketplace Echelon Market announced on X platform that it had completed a $3.5 million seed round of financing, led by Amber Group, with participation from Laser Digital, Saison Capital, 280 Capital, Cypher Capital and others.
Web3 service provider Verofax completes $3 million bridge financing
On August 30, Verofax, a UAE-based Web3 service provider, announced the completion of a $3 million bridge financing. This round of financing was led by investors including King Abdullah University of Science and Technology, Plug Play Tech Center, Navig 8 Group and Trove Capital UK. Other participants in this round of financing include Jawa Brothers Advisory, Alzamil Pedco CVC and Tracecore CVC.
Crypto startup Time.fun completes $3 million seed round led by Brevan Howard Digital
On August 30, Time.fun announced the completion of a $3 million seed round of financing, led by Brevan Howard Digital, with participation from Coinbase Ventures, Breed VC, Zee Prime Capital, and Arthur Hayes’ family office Maelstrom. Angel investors including Solana co-founders Anatoly Yakovenko and Raj Gokal, and Helius co-founders Mert Mumtaz and Santiago Santos also participated.
Stablecoin transfer platform Kredete completes $2.25 million seed round of financing, led by BFF
On August 30, Kredete, a cross-border transfer platform based on stablecoins, announced the completion of a US$2.25 million seed round of financing, led by BFF, with participation from Techstars, Tezos Foundation, Polymorphic Capital, Launch Africa, Neer Venture Partners, SDF, DNA Fund and other investment institutions. It is reported that Kredete uses stablecoins to reduce the cost of facilitating transfers.
Web3 developer experience platform Katara completes $2.2 million seed round of financing, led by Sparkle Ventures and others
On August 28, Web3 developer experience platform Katara AI Inc. announced the completion of a $2.2 million seed round of financing, led by Diagram Ventures and Sparkle Ventures, with participation from StreamingFast and several angel investors. The company's total financing has reached $2.6 million so far. The new financing will be used to expand Web2 company business outside of the Web3 customer base.
Parlay Labs launches $2 million funding round led by DNA.fund
On August 31, the multi-chain code-free Launchpad project Parlay Labs announced the launch of a $2 million financing round, led by DNA.fund, with participation from Jon Najarian, co-founder of Market Rebellion and TV personality of FOX Business and CNBC, and Rick Schlesinger, co-founder of EOS New York. Parlay is the first platform of its kind on Ethereum, and the first platform to integrate Ethereum, Base, Optimism, Arbitrum, Avalanche, Polygon, BSC and Blast multi-chain Launchpad and token trading. The new funds are intended to be used to add more network and product enhancements.
On-chain project financing platform Legion completes $2 million seed round of financing, led by Cyber Fund
On August 27, Legion, an on-chain project financing platform, announced the completion of a $2 million seed round of financing, led by Cyber Fund, with participation from AllianceDAO, Delphi Labs, Coingecko, Mike Dudas, Alex Svanevik, Peter Smith, Maggie Love, Jon Wu, Ryan Watkins, LongHash, etc. It is reported that Legion is building its reputation system and accountability layer, and seeking to obtain the necessary VASP/CASP licenses to facilitate token pre-financing and token sales for non-accredited investors under MiCA.
Automated leverage agreement Origami Finance completes $1.5 million seed round of financing, with Fjord Foundry and others participating
On August 27, according to official news, the automated leverage protocol Origami Finance announced the completion of a US$1.5 million seed round of financing. Ouroboros Capital, Fjord Foundry, Good Partners, Upside, BeraLand, TempleDAO, Boba Tea Capital, Three Three Ventures, and angel investors such as DCF God, RiffRaff, and janitoor.eth participated in the investment. The relevant valuation information has not been disclosed yet.
Decentralized Bitcoin Ecosystem Protocol BTA Protocol Completes $1.5 Million Series A Funding
On August 26, BTA Protocol announced the completion of a US$1.5 million Series A financing round led by Athena Ventures, with participation from RippleBank, CoinIX, Swiss Fund, Vessel Capital, Seed Club Ventures, Hulif Fund, Three M Capital, Faculty Capital, CoinVisionary and others.
DEX aggregator ODOS completes Series A financing, with Uniswap and others participating
On August 31, according to official news, DEX aggregator ODOS announced that it has completed its Series A financing. @Uniswap, @CurvedVentures, @orbs_network, @0x Mantle, @pakafund and other institutions participated in the investment. The amount of financing has not been disclosed yet.
Decentralized AI search network Adot receives strategic funding from Aptos
On August 30, Adot (a.xyz), a decentralized AI search network founded by a former Google engineer, announced a strategic partnership with Aptos and received strategic investment from it. This move will help Adot to deepen its layout of the Aptos ecosystem, further optimize search technology, support the construction and development of the Aptos ecosystem in an innovative way, and lay the foundation for its long-term success in the Web3 field.
Bitcoin liquidity layer Uniquid Layer receives financing from DWF Labs and other investment institutions
On August 30, Uniquid Layer, the Bitcoin liquidity layer, announced that it had successfully obtained financial support from multiple investment institutions including Amber Group, DWF Labs, and ArkStream Capital, and launched a new BTC Staking product.
Web3 gaming infrastructure platform Oneness Labs completes a new round of financing, led by Galaxy interactive and Gam 3 Girl, with participation from IGG, Tap 4 Fun and others
On August 26, Oneness Labs, a Web3 infrastructure platform that provides traditional game financialization solutions, completed a new round of strategic investment. The investment was led by Galaxy Interactive and Web3 boutique game fund Gam 3 Girl, and followed by top global game companies IGG and Tap 4 Fun.
Multi-chain startup platform BSCS completes strategic round of financing, K 300 Ventures participates in the investment
On August 26, the multi-chain startup platform BSCS announced the completion of a strategic round of financing, with K 300 Ventures participating. The specific amount was not disclosed. The new funds are intended to be used for platform upgrades, expansion of marketing and community activities, and the launch of a joint incubation program.
Solana Optimistic Network Completes New Round of Financing, Solana Foundation Chairman Lily Liu and Others Participate in the Investment
On August 27, Solana Optimistic Network (SOON) announced the completion of a new round of financing. Solana Foundation Chairman Lily Liu, Solana Labs co-founder Anatoly Yakovenko, Coinbasae Ventures Head Jonathan King, Celestia Labs co-founder Mustafa Al-Bassam, Avail co-founder Robinson Burkey, Wormhole Foundation co-founder Robinson Burkey and others participated in the investment. The specific amount has not been disclosed yet.
TON Ecosystem Cross-Chain Game Project SnakeLite Completes “Millions of Dollars” New Round of Funding, with Sky 9 Capital and Others Participating
On August 28, TON ecosystem cross-chain game project SnakeLite announced the completion of a new round of financing. Ace Redpoint Ventures, One Piece Labs, Mirana Ventures, Sky 9 Capital, Fenbushi US, NGC, Antalpha Ventures, Gate Labs, KuCoin Ventures, Huobi Ventures, CyberConnect, Alchemy Pay, Redline Labs, Cobo Ventures, SNZ Holding, ViaBTC Capital and others participated in the investment. The project has not yet disclosed the specific amount of financing.