Organization: Fairy, RootData

 

According to incomplete statistics from RootData, from June 17 to June 23, 2024, there were 19 public investment and financing events in the blockchain and encryption industry, with a total financing of approximately US$119.5 million.

From the perspective of track distribution, the projects that received financing are mainly distributed in the game, infrastructure and DeFi tracks. Popular projects include the modular L1 blockchain Particle Network, the Solana-based game chain Sonic, the EigenLayer-based re-staking protocol Renzo Protocol, and the application chain Gudchain built to promote the use of blockchain games.

In addition, Web3 talent market Bondex announced that it has completed more than $10 million in financing, with participation from Animoca Brands, Morningstar, Dext Force Ventures and iAngels. Bondex aims to become a gamified version of professional social network LinkedIn.

(List of projects that raised more than $5 million last week, data source: Rootdata)

1. Infrastructure

DePIN developer Verida completes $5 million seed round of financing, Simurg Labs and others participate

Verida, the developer of the DePIN network, has completed a $5 million seed round of financing. This round of financing was participated by O-DE Capital Partners, ChaiTech Ventures, Simurg Labs, Gate Labs, HASH CIB, Bison Capital, Amesten Capital and Evan Cheng of Mysten Labs. The post-investment valuation reached $50 million. The funds from this round of financing will be used to develop Verida's personal data storage infrastructure and provide decentralized storage and encryption services for users' personal information. (Source link)

Modular blockchain Particle Network completes $15 million Series A financing, led by Spartan Group and others

Modular blockchain Particle Network announced the completion of a $15 million Series A financing round. Spartan Group and Gumi Cryptos Capital jointly led this round of financing, with participation from SevenX Ventures, Morningstar Ventures, Flow Traders, HashKey Capital and others. This round of financing was completed through a simple protocol for future tokens.

It is reported that Particle’s main product is a “universal account” that allows users to use funds and transactions from different blockchains. (Source link)

Decentralized AI L2 blockchain network AgentLayer receives $1.5 million in seed round funding

The decentralized AI L2 blockchain network AgentLayer received $1.5 million in seed round financing, with participation from Angel Investors, Web3.com Ventures, MH Ventures and Zephyrus Capital. The funds raised will be used for the in-depth research and development and extensive promotion of the AgentLayer decentralized AI ecosystem. (Source link)

Solana Atomic SVM Layer2 Sonic Completes $12 Million Series A Funding, Bitkraft Leads Investment

Solana Atomic SVM Layer2 Sonic has completed a $12 million Series A financing, led by Bitkraft, with participation from Galaxy Interactive, Big Brain Holdings, Matt Sorg (Solana founding team), Nom (Bonk) and other institutions and individuals. This round of financing will be used to promote Sonic's product upgrades and ecological expansion. Sonic is about to launch a testnet incentive plan, inviting users to experience its multiple ecological games on the testnet and get the opportunity to get token airdrops. (Source link)

Layer 1 network Decent Land Labs completes $3 million in financing, with participation from LD Capital and others

Decent Land Labs, a sovereign Layer 1 blockchain development company focused on solving EVM storage problems, announced the completion of a $3 million financing round, with participation from Foresight Ventures, LD Capital, Big Brain Holdings, Longhash Ventures, and Web3.com Ventures.

Decent Land Labs aims to combine EVM compatibility with Arweave's scalable storage to provide EVM and Arweave blockchain developers with permanent data storage and full interoperability. It is reported that the company launched the EVM data indexer on AO in May this year and is currently developing the first EVM to AO bridge function. (Source link)

2. Games

Blockchain gaming platform Gudchain completes $5 million in financing, led by Mechanism Capital

Gudchain, a blockchain gaming platform, announced that it has raised $5 million from cryptocurrency investment institutions. The investment was led by Mechanism Capital, with participation from Morningstar Ventures, Manifold, SkyVision Capital and others.

It is reported that the team aims to bring GameFi into the mainstream through parallel game chains. (Source link)

Animoca Brands announces investment in game developer Saltwater Games

Animoca Brands announced its participation in the SAFT seed round of Saltwater Games’ XR token.

SaltwaterGames is a UK-based game studio and publisher consisting of three game studios: Nexus Labs, which focuses on developing and publishing Web3, community-driven, live service games; Maze Theory, an advanced VR and space game development studio; and Saltwater Labs, an innovation studio dedicated to developing emerging technologies in Web3 and AI. (Source link)

Web3 gaming platform Farworld Labs completes $1.75 million in financing, led by Variant and others

Web3 gaming platform Farworld Labs has completed a $1.75 million financing round, led by Lemniscap and Variant, with participation from Base Ecosystem Fund and Coinbase Ventures. This round of financing will be used to release products in the third quarter and launch its decentralized Farcade platform for developers to build Web3 games. (Source link)

3. DeFi

Bitcoin DeFi protocol Ordinox completes $1 million pre-seed round of financing, with UTXO Management and others participating

Bitcoin DeFi protocol Ordinox has completed a $1 million pre-seed round of financing. This round of financing was participated by UTXO Management, Digital Asset Capital Management, CMS Holdings, Sats Ventures, Hidden Street and STS Digital. Angel investors such as BRC20 founder Domo also participated in this round of financing.

It is reported that Ordinox provides DeFi services on Bitcoin based on the native liquidity pool supported by Cosmos SDK. (Source link)

Router Protocol completes a new round of financing, and the new funds will be used for Layer1 blockchain Router Chain

The cross-chain interoperability protocol Router Protocol announced the completion of a new round of financing. The specific amount has not been disclosed yet. The new funds will be used to promote its operation of Layer1 blockchain Router Chain, thereby breaking away from the Binance and Polygon ecosystems. It will also support its provision of cross-chain services for Ethereum and BNB Chain, and expand cross-chain to more networks. (Source link)

Cross-chain DEX and bridge aggregator Rango completes new round of financing, led by Binance Labs

Cross-chain DEX and bridge aggregator Rango announced on the X platform that it has completed a new round of financing, led by Binance Labs, with participation from Nomad Capital and Foresight Ventures.

According to Web3 asset data platform RootData, Rango is a cross-chain DEX aggregator that combines the power of DEX aggregators within the blockchain with multiple bridges and cross-chain liquidity providers to provide users with better liquidity. (Source link)

Liquidity re-pledge agreement Renzo completes $17 million financing, led by Galaxy Ventures and others

Liquidity re-pledge protocol Renzo announced that it has completed US$17 million in financing. The financing was divided into two rounds. The first round was led by Galaxy Ventures and the second round was led by Abu Dhabi-based Nova Fund – BH Digital.

Previously, Renzo also received $3.2 million in investment from Maven11, Figment Capital and Binance Labs. (Source link)

Leveraged trading protocol Wasabi completes $3 million seed round of financing, led by Electric Capital

Memecoin and NFT leveraged trading protocol Wasabi completed a $3 million seed round of financing, led by Electric Capital, with participation from Alliance, Luca Netz, Santiago Santos, Zagabond, DCF God and other companies. The Wasabi protocol can be used on Ethereum and Ethereum L2 Blast.

Wasabi has seen more than $500 million in trading volume since January. Wasabi is hiring smart contract engineers, backend developers, quantitative engineers, and operations supervisors. It plans to expand the current team of 6 to 10 people in the near future. (Source link)

social contact

Decentralized social collaboration network Zeek completes $3 million seed round of financing, with participation from OKX Ventures and others

Decentralized social collaboration network Zeek has completed a $3 million seed round of financing, with investors including OKX Ventures, Animoca Brands, and Mask Network.

It is reported that Zeek will change the way of social collaboration in SocialFi by establishing a reputation mechanism. Zeek is expected to be launched in July, and its private beta version will be running from now on. The limited 250 pieces of Tier-0 Genesis NFT series will be sold later this month. (Source link)

other

Web3 retail platform Bring completes $1.1 million SAFE round of financing, Starkware participates

Web3 retail platform Bring announced the completion of a $1.1 million SAFE round of financing, with Starkware participating in the investment.

It is reported that Bring currently supports 450 retailers to provide cash back when purchasing fashion, electronics, health and beauty, travel services and other goods. Web3 wallets and exchanges have integrated Bring's white label solution to provide users with cash back services. (Source link)

Web3 talent marketplace Bondex has raised more than $10 million in funding, with Animoca Brands and others participating

According to The Block, Web3 talent market Bondex announced that it has completed more than US$10 million in financing, with Animoca Brands, Morningstar, Dext Force Ventures and iAngels participating.

It is reported that Bondex aims to become a gamified version of the professional social network LinkedIn. (Source link)

NFT art platform Artfi completes new round of financing, DWF Ventures participates in the investment

According to official news, NFT art platform Artfi announced the completion of a new round of financing, with DWF Ventures participating in the investment, but the specific amount has not yet been disclosed. (Source link)

Crypto investment research platform SoSo Value completes $4.15 million seed round of financing, led by HongShan

SoSoValue, a crypto financial research startup based in Singapore, announced the completion of a $4.15 million seed round of financing, led by HongShan, with participation from GSR Markets, Alumni Ventures, CoinSummer Labs, and OnePiece Labs. At the same time, Gitcoin co-founders, early Ethereum investors, and founders of top Web3 and AI technology companies also participated in this round of financing. (Source link)

Cryptographic security startup PQShield completes $37 million Series B financing, led by Addition

Cryptographic security startup PQShield announced the completion of a $37 million Series B financing round, led by Addition, with participation from Braavos Capital, Legal & General, and Chevron Technology Ventures. The new funds will be used to hire more employees and promote closer working relationships with partners and customers.

It is reported that PQShield's technology is designed to protect encryption systems from quantum computer-based hacker attacks, and its well-known customers include Nvidia and AMD. (Source link)