Highlights of this issue
According to incomplete statistics from PANews, there were 41 blockchain investment and financing events around the world last week (May 6-12), with a total funding of over US$170 million, a significant increase compared to the previous week. An overview is as follows:
DeFi announced 11 investment and financing events, among which the cryptocurrency trading platform Arbelos Markets completed a $28 million financing led by Dragonfly Capital;
The Web3 game track announced 5 investment and financing events, among which Web3 game developer Seeds Labs completed a $12 million seed round of financing, with Blizzard Fund and others participating;
One investment and financing event was announced in the NFT-related field. Singapore Web3 platform Galaxis completed a $10 million financing;
The DePIN track announced two investment and financing events, among which Solana Ecosystem DePIN project Ambient completed a $2 million seed round of financing, led by Borderless Capital;
The Infrastructure & Tools track announced 16 financings, including cryptography startup Lagrange, which completed a $13 million seed round led by Founders Fund;
In other blockchain/crypto applications, 6 financings were announced, among which Kiosk, a Web3 social application based on Farcaster, completed a $10 million financing, led by Electric Capital;
DeFi
Crypto trading platform Arbelos completes $28 million financing, Dragonfly leads the investment
Cryptocurrency trading platform Arbelos Markets announced that it has completed a $28 million financing led by Dragonfly Capital. FalcolnX, Circle, Paxos, Polygon and Deribit also participated in this round of financing. Arbelos Markets will use this capital to enhance its trading capabilities in the derivatives and over-the-counter markets, focusing on serving institutional clients such as hedge funds and venture capital firms. Arbelos' business focuses on providing these institutional participants with the necessary trading liquidity and acting as a counterparty for products such as options and futures. The company's co-founders Joshua Lim and Shiliang Tang both have backgrounds in traditional finance and cryptocurrency trading. They plan to use this financing to drive further development and innovation of the company, while improving the transparency and risk management capabilities of the trading platform.
Multi-chain trading platform UXUY completes $7 million Pre-A round of financing, with Binance Labs and others participating
UXUY, a decentralized multi-chain trading platform incubated by Binance Labs, announced the completion of a $7 million Pre-A round of financing, bringing the total financing amount to more than $10 million since its establishment. UXUY is an important participant in the Bitcoin ecosystem, with more than 100,000 traders using Bitcoin Lightning Network services through the platform. This round of financing attracted participation from a number of well-known investment institutions from Asia, North America and Europe, including Binance Labs, UTXO Management (Bitcoin Magazine), JDI Ventures, Bixin Ventures, SWC Global, Matrix Partners, CMS Holdings, Dewhales Capital, Comma3 Ventures, Satoshi Labs, YBB Capital, GBV Capital, Web3Vision, Pentos Ventures, NGC Ventures, Alti5, Metalpha and GSR. The funds raised will be used to further build the Bitcoin ecosystem infrastructure and promote efficient and low-cost transactions of assets such as Lightning Network Taproot Assets, Ordinals BRC-20, and Runes.
Solana-based tokenized platform AgriDex completes $5 million pre-seed round of financing and plans token airdrop
Solana-based tokenized platform AgriDex has successfully raised $5 million in a pre-seed round. The round was led by tech-focused venture capital firm Endeavor Ventures, with participation from African Crops Limited, Oldenburg Vineyards, and former Goldman Sachs and Citadel executive Hank Oberoi. The funding round values AgriDex at approximately $18 million. Bill Cunningham, co-founder and CEO of Endeavor Ventures, will also join AgriDex’s board of directors. AgriDex plans to launch its platform and token, AGRI, in the third quarter of this year, and will airdrop 5% of the total token supply (50 million out of 1 billion) to the community in the coming months. In addition, AgriDex plans to publicly sell its tokens at $0.10 per token, and will use 50% of the profits to buy back and burn tokens to increase token scarcity and increase their value.
Institutional-level tokenization solution DwellFi completes $3 million seed round of financing, with E1 Ventures and others participating
Institutional-grade tokenization solution DwellFi announced the completion of a $3 million seed round of financing, with participation from E1 Ventures, Stanford Blockchain, Hustle Fund, Blockchain Coinvestors and Fortified Ventures. DwellFi mainly uses artificial intelligence, blockchain and tokenization technology to help its customers manage assets, ensuring that its cutting-edge solutions not only meet current regulatory standards, but its customers mainly include PE/RE/VC funds, hedge funds, fund managers and limited partners.
Multi-chain staking platform StakedGain completes $500,000 seed round of financing
The multi-chain staking platform StakedGain announced the completion of a $500,000 seed round of financing. The investor information has not been disclosed yet. StakeGain currently supports more than 10 blockchains, including EVM-compatible chains and Layer 2 solutions, to help users achieve cross-chain DeFi staking and improve liquidity efficiency.
LBank Labs announces investment in stablecoin developer Usual Labs
LBank Labs recently announced its investment in stablecoin developer Usual Labs. This round of financing was led by IOSG Ventures and Kraken Ventures, with participation from many well-known venture capital companies such as GSR, Mantle, Starkware, and Flowdesk. Usual Labs is committed to driving innovation in the stablecoin ecosystem through its innovative USD0 stablecoin. This strategic investment will promote Usual Labs’ plan to launch USD0 on the Ethereum mainnet, which will significantly promote the integration of traditional financial assets and the efficiency of decentralized finance (DeFi). The USD0 stablecoin aims to provide income derived from the appreciation of real-world assets and bring new profits to investors.
Native Bitcoin DeFi protocol DLC.Link completes seed round financing, CGV FoF participates
The native Bitcoin DeFi protocol DLC.Link has completed its seed round of financing, with CGV FoF participating. The specific amount and valuation information have not been disclosed. DLC.Link aims to bring DeFi into the Bitcoin ecosystem, explore decentralized finance on the Bitcoin chain by minting a centralized packaged Bitcoin dlcBTC and allow users to manage Bitcoin themselves. It is reported that the project received investment from OKX Ventures in March this year.
AI-driven DeFi platform 0xGen completes strategic financing
AI-driven DeFi platform 0xGen has completed strategic financing, with participation from investment institutions such as Principle68, Bella Protocol, Phoenix Chain, Tensor Investment Corporation and X Labs. These investors will provide important advice and support for its development.
Decentralized settlement protocol Kima Network announces completion of new round of financing, with HVS Ventures participating
Kima Network, a decentralized settlement protocol, announced the completion of a new round of financing, with HVS Ventures participating. The specific amount has not been disclosed. It is reported that HVS Ventures will participate in its operations and strategic development in addition to providing financial support. Kima's settlement layer supports multi-ecosystem payments, peer-to-peer commerce, CeFi/DeFi services, cross-chain DEX exchanges, and omni-channel wallets, providing a seamless way to connect fiat and cryptocurrency while emphasizing security and accessibility.
Cross-chain DEX Xswap completes strategic round of financing, with participation from P2 Ventures and others
Xswap recently announced the completion of a strategic round of financing on the X platform. The specific amount of financing has not been disclosed. The institutions and investors involved in the investment include P2 Ventures, MH Ventures, Maven Capital, OIG Capital, Cogitent Ventures, WWVentures, ZBS Capital, Pragma Ventures, Zephyrus Capital, Ivan Liljeqvist, Ash Crypto, Gainzy, Satoshi Stacker and Michael Gu. It is reported that XSwap is a cross-chain DEX based on Chainlink CCIP.
Bond tokenization platform BlockInvest completes new round of financing, with Open Venture participating
BlockInvest, a bond tokenization platform backed by French bank Credit Agricole, announced a strategic investment from Open Venture to expand its tokenization solutions. One of BlockInvest’s existing backers is Italian bank Credit Agricole, which is a partner in multiple tokenization initiatives.
Web3 Games
Web3 game developer Seeds Labs completes $12 million seed round
Web3 game developer Seeds Labs announced the completion of a $12 million seed round of financing, with participation from Avalanche's Blizzard Fund, Solana Foundation, Krust, Hashkey Capital, UOB Ventures, Signum Capital, IVC and Emoote. According to reports, Seeds Labs was founded in 2021, and its flagship product, the global multi-platform interconnected melee battle royale Web3 game Bladerite, is scheduled to be released this month.
Game ecosystem platform SlingShot DAO completes $3 million in financing, with Alphabit Fund participating
SlingShot DAO, a community-driven gaming ecosystem platform, announced that it has completed a new round of financing of US$3 million, with participation from Alphabit Fund. SlingShot DAO is committed to promoting community-centric values and action-oriented approaches to establish a new competitive environment in the gaming industry. Members of SlingShot DAO can collaborate through the SlingShot application to transform creative ideas into concrete gaming experiences. The platform aims to redefine gaming innovation in the Web3 gaming space and promote the construction of a "community first" culture.
Web3 game BAC Games completes $1.5 million seed round of financing
Web3 game BAC Games recently announced that it has completed a $1.5 million seed round of financing. The investment institutions in this round of financing include: Hash Global, Matr1x, GateLabs, Stratified Capital, W Labs, Nothing Research. Individual investors who also participated in this round include: Ash (crypto investor), BTCdayu (crypto investor), Joseph A.C. Lloyd (Head of Game Research at Delphi Digital), Laobai (ABCDE Investment Research Partner), Piers Kicks (Founding Partner of Delphi Ventures), Saku (Co-founder and CEO of Matr1x), Victor (Head of WEB3 at GGV).
According to reports, BAC Games is a collection of casual WEB3 games. Its first game, Blast Auto Clubs, launched and implemented the "group to earn" model, built on the Blast second-layer public chain, and will soon conduct an IDO at the end of May.
Blade of God X Completes Millions of Dollars in Financing, with OKX Ventures and Others Participating
OKX Ventures announced its investment in Blade of God X, a dark-style cross-platform (Android, iOS and PC) AAA action game. In addition to OKX Ventures, Delphi Ventures, Yield Guild Games, LongHash Ventures, Newman Capital, KingRiver Capital/Inevitable Games Fund, BreederDAO, Eden Ventures, 071 Labs and others participated in the investment. The financing amount is several million US dollars. Blade of God X is developed by Void Labs. Void Labs regards games as the best medium and way for humans to interact with the virtual world, and launched the innovative concept of Play ARPG to train AI Agent. This concept not only introduces the innovative integration of AI Agent and blockchain technology, but also allows players to easily train their own AI Agent through the game. Blade of God is a popular IP series with a global download volume of up to 6 million times. At present, Blade of God X has invested a total of 6 million US dollars in game development. It is reported that in mid-May, Blade of God X will launch the next test, and players will be able to experience the characteristics of a high-complete AI Agent in the game.
Decentralized AI cloud gaming protocol DeepLink Protocol receives strategic investment from Waterdrip Capital
Waterdrip Capital announced a strategic investment in the decentralized AI cloud gaming protocol DeepLink Protocol. According to reports, DeepLink Protocol is a decentralized AI cloud gaming protocol that supports 1ms ultra-low latency and 8K high-resolution gaming experience through AI, blockchain and streaming technology. The team has also developed DeepLink software based on DeepLink Protocol, which currently covers more than 100 countries around the world and has more than 500,000 users.
NFT
Singapore Web3 platform Galaxis completes $10 million financing
Singaporean Web3 platform Galaxis has raised $10 million from investors including Chainlink, Ethereum Name Service (ENS), Rarestone Capital, Taisu Ventures, and ENS co-founder Nick Johnson before launching its token. Galaxis is committed to helping creators and brands launch non-fungible token (NFT) collections. It has sold more than 225,000 NFTs in the past few years and has earned more than 32,000 ETH (about $100 million) through secondary market sales of NFTs. The platform has previously launched NFT series for celebrities such as DJ Steve Aoki and actor Val Kilmer.
DePIN
Solana Ecosystem DePIN Project Ambient Completes $2 Million Seed Round Financing
Ambient, the DePIN project of Solana Ecosystem, announced the completion of a $2 million seed round of financing, led by Borderless Capital, with participation from Solana Ventures, Parami Investors, Sonic Boom Ventures, Primal Capital, etc. Ambient was founded in January this year, acquired PlanetWatch, an environmental data project based on Algorand, in March, and decided to migrate to Solana. PlanetWatch's network currently has its own token PLANETS on the Algorand blockchain, but Ambient will launch its own new token on Solana. Ambient plans to launch on the Solana testnet this summer before its token is released. Before Solana migrates, Ambient will connect PlanetWatch's air quality sensors and community networks to its network. Ambient claims that its users have deployed more than 25,000 environmental sensors in more than 20 countries, capturing data every 5 minutes and generating more than 10.7 billion data streams.
DePIN project MetaPhone completes $1 million in financing, JDI participates in the investment
DePIN project MetaPhone announced the completion of a $1 million financing, with JDI participating in the investment. Both parties are committed to building the TON DePIN ecosystem, creating a broad decentralized marketing network, and promoting the global adoption of Web3 in various fields. It is reported that MetaPhone is working with an advanced and leading 3C manufacturer to launch a flagship device.
Infrastructure & Tools
Cryptography startup Lagrange completes $13 million seed round led by Founders Fund
Lagrange, a cryptographic technology startup, has successfully raised $13 million in funding. The company focuses on developing advanced cryptographic solutions designed to enhance data security and privacy protection. In addition to Founders Fund, Lagrange's seed round of financing also includes participation from Archetype Ventures, 1kx, Maven11, Fenbushi Capital, Volt Capital, CMT Digital, Mantle and Ecosystem. Lagrange Labs is a cryptographic startup based on Ethereum's EigenLayer re-mortgage platform. Lagrange uses its proprietary technology to provide a new type of encryption method that can provide a higher level of data protection for enterprises and individual users without sacrificing performance. This financing will be used to further develop its encryption technology and expand its market influence.
Botanix Labs announces $11.5 million in funding, with participation from Polychain Capital and others
Botanix Labs announced that it has raised $11.5 million in funding, with participation from institutions such as Polychain Capital, Placeholder Capital, Valor Equity Partners, and ABCDE. Other investors include Andrew Kang, Fiskantes, Dan Held, The Crypto Dog, Charlie Spears, Altcoin Sherpa, Dovey Wan, Jebus, Icebergy, Crypto ISO, Davis (i.e. "KarbonBased"), Walt Smith, and Domo, the creator of the BRC-20 token standard. Since 2022, Botanix Labs has been working on building Spiderchain technology to protect decentralized, Bitcoin-based financial systems. Botanix Labs launched an early testnet version of the EVM Layer 2 protocol in November 2023. So far, the testnet has attracted more than 200,000 active addresses, more than 10,000 experimental token issuances, and dozens of dApps ready to launch when Spiderchain's first mainnet version is released.
Lava Foundation Raises $11M in Token Funding Ahead of Mainnet Launch and Airdrop
According to The Block, Lava Foundation has successfully raised $11 million in funding ahead of its network mainnet launch and token airdrop. The fundraising was achieved through a simple agreement for future tokens (SAFT), and investors include Animoca Brands, Gate.io Ventures, Coingecko Ventures, Polygon co-founder Sandeep Nailwal, etc. Lava Foundation is a newly established non-profit organization dedicated to the development of the modular blockchain network Lava. The Lava network focuses on providing data access services through remote procedure calls (RPCs). It is currently in the testnet stage and plans to officially launch the mainnet and LAVA tokens in the first half of 2024. The total supply of LAVA tokens is set at 1 billion, and part of it will be distributed to users through airdrops. In addition, Lava also plans to support more data infrastructure services in the future, such as indexing, subgraphs, sorting, etc.
Cross-chain interoperability protocol Owlto Finance completes $8 million strategic round of financing, led by Bixin Ventures and others
Owlto Finance, an intent-centric cross-chain interoperability protocol, announced the completion of a strategic round of financing of US$8 million, which was jointly led by Bixin Ventures and CE Innovation Capital, and followed by Presto, Hailstone Labs, Skyland Ventures, Blocore, SNZ Capital, BESTO, Kroma, Coinseeker.co, Stratified Capital, X21 Digital, Maxx Capital, Incubate Fund, GSR, ChainCatcher, etc. This round of financing will mainly be used to accelerate the upgrade of AI intent cross-chain products, the development of modular cross-chain interoperability protocols, global operations and marketing, full-chain liquidity solution V2, and capitalized market operations.
Bitcoin native application platform Arch completes $7 million seed round of financing, led by Multicoin Capital
Arch, a Bitcoin-based application platform, has completed a round of funding led by Multicoin Capital. Other investors in this round include Portal Ventures, OKX Ventures, Big Brain Holdings, CMS Holdings and Tangent. The financing is intended to drive further development of the Arch platform, which introduces "bridgeless" transactions directly to the Bitcoin blockchain. It is committed to expanding the functionality of Bitcoin so that it is not just a digital currency, but an underlying technology that can support a variety of applications.
Arcium, a blockchain-based confidential computing project, raises $5.5 million in funding led by Greenfield Capital
Arcium has completed a $5.5 million strategic financing round led by Greenfield Capital to develop a confidential computing network. Other participants in this round include Coinbase, Heartcore Capital, Longhash VC, L2 Iterative Ventures, Stake Facilities, Smape Capital and Everstake, as well as well-known angel investors such as Solana co-founder Anatoly Yakovenko and Monad co-founder Keone Han. This network will allow more secure data processing and storage, and improve the privacy protection of transactions and applications. This round of financing will help Arcium expand its technology development and accelerate its pace of innovation in the field of confidential computing. Arcium previously developed Elusiv, a zero-knowledge privacy protocol based on Solana.
ZKM Completes $5 Million Pre-A Round of Financing, Led by OKX Ventures
Blockchain privacy technology company ZKM recently completed a $5 million Pre-A round of financing. Led by OKX Ventures, Amber, Metis Foundation, Crypto.com, DFG, JSquare and other companies participated. The funds will be used to further develop its privacy protection technology based on zero-knowledge proof, aiming to enhance the data security and user privacy protection of blockchain applications. ZKM's technology allows the authenticity of information to be verified without exposing any actual data, which is particularly critical for improving the security of blockchain platforms and attracting more corporate users.
Web3 infrastructure startup Hemera raises $2.6 million in seed funding
Web3 infrastructure startup Hemera announced the completion of a $2.6 million seed round of financing, led by LIF Capital and Nomad Capital, with participation from SNZ, Chainlink, Sending Labs, and Harry Shum, founder of ZetaChain and senior vice president of Microsoft and artificial intelligence expert. The company recently released a public beta of the Hemera protocol, a large language model (LLM) operating system for Web3.0 built specifically for developers, and SocialScan, a community-owned AI based on the Hemera protocol that reimagines the user experience through customizable Hemera AI agents.
Cross-chain messaging protocol Glacis Labs completes $2.1 million seed round
Glacis Labs, a cross-chain messaging protocol company, announced the completion of a $2.1 million seed round of financing, led by Arrington Capital and Paper Ventures, with participation from Bitscale Capital and Protagonist. Glacis Labs aims to help developers manage cross-chain risks and define routing and security logic for cross-chain applications through its cross-chain general messaging protocol (GMP).
Ethereum sidechain Gnosis invests $2 million in digital wallet developer Zeal
Ethereum sidechain Gnosis announced a strategic partnership with digital wallet developer Zeal, aiming to simplify daily self-custodial cryptocurrency transactions, similar to the convenience of using cash. Gnosis also invested $2 million in Zeal, bringing Zeal's total financing to $9 million. Zeal had previously raised $7 million in a seed round of financing.
NuLink Completes New Round of US$1.6 Million Strategic Financing
Data privacy solution NuLink officially announced on the X platform that it has completed a new round of strategic financing of US$1.6 million, led by DWF Labs, Poolz and Via BTC, and participated by CheckPush, 0xwilds, Coinvestor, 0xbull, AlphaCapital, MNSTPlatform and AzaVentures. According to previous news, NuLink completed approximately US$5.3 million in financing through Fjord's Liquidity Bootstrapping Pool (LBP), and the cumulative financing amount has reached US$11.4 million.
Electron Labs Completes $1 Million Seed Round Extension Financing
Electron labs has completed a $1 million seed round of extended financing to build a universal ZK proof aggregation layer for Ethereum. Investors include Polygon founder @sandeepnailwal, Gnosis co-founder @koeppelmann, former Polygon founder @jdkanani, and Avail founder @anuragarjun.
Euclid, a cross-chain liquidity infrastructure company, completes $600,000 in pre-seed funding, led by Kahuna Network
Euclid, a cross-chain liquidity infrastructure company, has completed a $600,000 Pre-seed round of financing, led by technology investment company Kahuna Network and angel investor Tomoaki Sato, with participation from angel investors related to Lavender Five, Andromeda and Nibiru. It is reported that the funds will be used for the development of architecture and projects as well as business development, auditing and marketing; in terms of the company's business, the unification of liquidity is achieved through the creation of a single source of truth ledger through a virtual network. All Euclid integrated blockchains can be seamlessly connected to the settlement layer (Nibiru), providing the lowest slippage and the fairest price throughout the ecosystem. The framework is based on Euclid's proprietary LiquiSync model, making it easily accessible to any chain or protocol.
Payment solutions company CityPay.io completes new round of financing, Tether Operations Limited participates
Payment solutions company CityPay.io has completed a new round of financing, with Tether Operations Limited participating. The new funds will be used to strengthen its business in Eastern Europe, mainly targeting countries such as Georgia, Armenia, Azerbaijan, Kazakhstan and Uzbekistan. It is reported that CityPay.io aims to provide customers and businesses with a seamless payment experience, enabling them to use cryptocurrencies to pay in places such as Wendy's and Radisson Hotels. In the next two years, CityPay.io plans to launch a groundbreaking e-wallet and bank card solution, which is expected to attract more than 400,000 users.
BitTap Completes Pre-Seed Round of Financing, Led by Waterdrip Capital
Taproot Assets infrastructure construction project BitTap has completed the Pre-Seed round of financing, led by Waterdrip Capital. The funds raised will be used to develop a decentralized trading platform and non-custodial wallet based on the Taproot Assets protocol. As the first decentralized wallet in the field of Taproot Assets protocol, the Alpha version of the BitTap plug-in wallet is expected to be launched in May. The team is committed to building the Taproot Assets ecosystem, promoting compatibility with Bitcoin's Lightning Network and the Bitcoin main network, and has received official support from Lightning Labs. Currently, BitTap has started a seed round of financing, aiming to achieve one-click issuance and management of Bitcoin native assets based on the Taproot Assets protocol.
other
social media:
Farcaster-based Web3 social app Kiosk raises $10 million in funding led by Electric Capital
Kiosk, a Web3 social application based on Farcaster, recently announced that it has completed a $10 million financing, led by Electric Capital, with participation from a16z Crypto, USV, and Variant Fund. Kiosk aims to promote community building and commerce within the application, enabling creators to build communities, share rich media content, mint NFTs, interact with like-minded individuals, and seamlessly customize channel economies, while emphasizing the integration of on-chain assets into social interactions, envisioning a more inclusive and interconnected Web3 experience. The application combines blockchain and e-commerce.
Web3 social network Bondex completes a new round of strategic financing, with DEXT Force Ventures participating
Web3 social network Bondex announced the completion of a new round of strategic financing, with DEXT Force Ventures, an ecological investment institution under DEXTools.io, participating in the investment. The specific amount of financing has not been disclosed. It is reported that DEXT Force Ventures will provide marketing and business development guidance to Bondex, and provide access to its DEXTools platform. Bondex is mainly aimed at Web3 professionals, enterprises and recruiters, allowing users to connect and collaborate with each other, and also receive rewards through activities such as profile updates, verification and recommendations.
Encryption Applications:
Web3 music ecosystem project Star Nest completes $6 million Pre-A round of financing and plans to launch NEST token in Q3
Star Nest, a Hong Kong-based Web 3 music startup, announced the completion of a $6 million Pre-A round of financing, led by Chuangqi International Limited, a wholly-owned subsidiary of Hong Kong-listed Guofu Innovation Co., Ltd. Star Nest will work with Armonia Meta Chain to develop Star Nest Space, a metaverse game that includes music, role-playing and social functions, and plans to launch the project token NEST in the third quarter of 2024. Star Nest will build a more complete music industry token economy system through NEST, which will be widely used in purchasing performance tickets, blockchain game cooperation, metaverse consumption, governance voting and other links.
Scroll ecosystem project PenPad completes new round of financing, with Presto Labs participating
Scroll ecosystem project PenPad announced the completion of a new round of financing, with crypto investment institution Presto Labs participating in the investment, and the specific amount has not been disclosed. As Scroll's native revenue aggregator & Launchpad, PenPad has received strong support from Scroll and various ecological projects since its establishment, and PenPad will also become a long-term builder of the Scroll ecosystem. Previously, PenPad also revealed the latest product roadmap through a tweet, planning the PenPad Staking function, Vaults asset management and value-added tools, and the Shop product that links virtual assets and RWA, and will become Scroll's top revenue aggregator and multi-asset auction platform through upgrades.
Crypto Mining:
Bitcoin mining service provider GoMining receives $3 million in funding from Bitscale Capital
Bitcoin mining service provider GoMining has completed a $3 million financing round, with Bitscale Capital investing directly in the company. According to the agreement between the two parties, Bitscale Capital will receive $3 million worth of equity in the form of GoMining’s native token GOMINING and an NFT portfolio, which represents a share of GoMining’s digital Bitcoin mining infrastructure, which is distributed across nine data centers around the world.
Consulting Incubation:
Web3 incubation service provider BlockBooster completes $1.5 million seed round of financing, led by OKX Ventures
Web3 incubation service provider BlockBooster announced the completion of a $1.5 million seed round of financing, led by OKX Ventures, with participation from Conflux Network, Neighbor Capital Series, IceRiver Venture and Bitcoin Lab. It is reported that BlockBooster's incubation model focuses on Web3 infrastructure, social and gaming fields, providing all-round support for high-quality projects to increase the success rate of projects and shorten the development cycle. BlockBooster provides extensive and long-term support for screening potential project teams in product design, listing strategy, business development, talent recruitment, early investment and other aspects, as well as compliance and risk management.
Centralized Finance
British digital bank Monzo raises $190 million at a valuation of $5.2 billion
British neobank Monzo announced that it has raised another $190 million, bringing the total raised this year to $610 million. The new round of financing includes investments from Hedosophia and CapitalG, an independent growth fund under Alphabet. Singapore's government investment company GIC also participated in the financing. After this financing, Monzo's valuation reached $5.2 billion. Monzo plans to use the funds to develop new products and accelerate its international expansion plans. Monzo is a crypto-friendly bank that supports customers using a series of cryptocurrency exchanges including Coinbase and has opened a cryptocurrency exchange business.
(Note: This project was not included in the total financing last week)