According to Foresight News, there were 19 investment and financing events in the crypto market from June 8, 2024 to June 14, 2024, including 7 in tools and infrastructure, 5 in DeFi, 0 in asset management, 3 in blockchain games and NFT, and 4 in Web3. The total amount of investment and financing disclosed was approximately US$110 million.
Summary of total disclosed financing amount and financing number at weekly level:
This week's investment and financing projects are sorted by financing amount as shown below:
There were four financings worth tens of millions of dollars this week, including Nuffle Labs, founded by the NEAR Foundation, which completed a $13 million strategic financing, led by Electric Capital; token distribution protocol Layer3 completed a $15 million Series A financing, led by ParaFi and Greenfield Capital; Ava Protocol completed a $10 million seed round of financing; Nexus Labs completed a $25 million Series A financing, led by Lightspeed Venture Partners and Pantera Capital.
Among the investment and financing segments, DeFi, tools and infrastructure sectors were relatively hot this week, while blockchain games and asset management were relatively sluggish.
In terms of institutions, active institutions this week include Lemniscap, Electric Capital and KuCoin Ventures, which mainly focus on tools and infrastructure.
Tools and Infrastructure
Nexus Labs Completes $25 Million Series A Funding
Nexus Labs is dedicated to building zero-knowledge privacy tools to support technologies such as artificial intelligence, cybersecurity, and cloud computing.
Holdstation receives seven-figure investment
Holdstation is an account abstraction wallet on ZKsync.
Nuffle Labs Completes $13 Million Strategic Financing
Nuffle Labs built NEAR’s Data Availability Layer (NEAR DA), NEAR Fast Finality Layer (NFFL), and other products in the NEAR modular product suite.
Modular AI network REVOX completes strategic financing
REVOX, formerly known as the decentralized content distribution platform ReadON, aims to build a modular AI Agent network and distributed applications. It has now opened an airdrop points claiming activity. Users can use the Web3 GPT tool lense.revox.ai to obtain airdrop points.
AI L2 project Optopia.ai completes seed round financing
Optopia.ai is a L2 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.
Decentralized data protocol codatta completes $2.5 million seed round of financing
Codatta is a decentralized data protocol with scientific confidence that aims to build data infrastructure for developers and protocols. Its goal is to allow Web3 users to monetize data and contribute to building public data without compromising privacy.
Zyfi Completes $2 Million Private Funding
Zyfi is a native account abstraction layer.
DeFi
Honeypot Finance Completes $1.3 Million Strategic Financing
Honeypot Finance is a Berachain ecosystem DeFi protocol.
Qiro Finance Completes $1.2 Million Pre-Seed Round of Financing
Qiro Finance is a decentralized credit protocol.
Kima completes $5 million financing
Kima is a decentralized settlement protocol.
Symbiotic, a re-pledge project, completes $5.8 million in seed round financing
Symbiotic will provide a way for decentralized applications to stake their tokens, called Active Validation Services, or AVS. Users will be able to re-collateralize assets they’ve deposited with other crypto protocols to help secure these AVS (whether rollups, interoperability infrastructure, or oracles) in exchange for rewards.
Ink Finance Completes Over US$5 Million in Financing
Ink Finance is a DeFi protocol.
NFT and blockchain games
Unite Completes $3 Million Seed Extension Round
Unite is an L3 solution for Web3 mobile games.
Pixelverse Completes $5.5 Million in Financing
Pixelverse is a cyberpunk-themed entertainment studio and gaming ecosystem that aims to drive mass adoption of Web3 by creating games with low barriers to entry and immersive gaming experiences.
Web3 Metaverse Game Project Yuliverse Completes $4 Million Pre-A Round of Financing
Yuliverse is a Web3 gaming company based on location-based LBS (Web3 version of PokemonGo) with nearly 1 million Twitter followers and 300,000 Discord community users.
Web3
Web3 social application Halo completes $3 million seed round of financing
Halo has partnered with Mocaverse and KuCoin Exchange to launch the Halo Affiliate Program. In the future, Halo will launch its Influencer Badge, which aims to help creators deepen their connection with their audiences. Halo will conduct a public sale and TGE this year, and will distribute the largest share of 30% to community members through social mining.
Layer3 Completes $15 Million Series A Funding
Layer3 is a token distribution protocol that plans to launch tokens and airdrops in the coming months.
On-chain data developer Irys completes $8.9 million in financing
Irys has expanded its services beyond bundled transactions to increase storage throughput to develop scalable on-chain data. In addition, the platform is building infrastructure to track and verify data to combat digital misinformation.
Ava Protocol Completes $10 Million Seed Round
With over 30 partners, including Polkadot and Moonbeam, Ava aims to simplify the deployment of Web3 applications.
other
CMT Digital is raising $150 million for its fourth fund
CMT Digital started raising $150 million for its fourth fund a month ago. Gerald Brant, who oversaw the financing, is the head of capital formation at CMT Digital. Prior to joining CMT Digital, Gerald Brant held the same position at BlockTower Capital and Pantera Capital.