From August 24 to August 30, there were 27 investment and financing events in the crypto market, including 11 infrastructure, 4 DeFi, 2 games, 2 creator economies, 2 artificial intelligence, 1 fundraising platform, 1 social, 1 marketing solution, 1 CeFi, 1 DePIN, and 1 Launchpad.
There are 4 financings of more than 10 million US dollars this week:
The stablecoin API Bridge for developers has completed a $58 million financing round with investors including Haun Ventures, Sequoia Capital, and others.
The decentralized AI computing power application network Edge Matrix Chain has completed a round of financing of US$20 million, with investors including Amber Group, Polygon Labs, etc.
Solana’s re-staking network Solayer has completed a $12 million seed round of financing, with investors including Polychain, Binance Labs, etc.
The decentralized competitive gaming ecosystem Gameplay Galaxy has completed a $11.17 million expansion seed round of financing from investors including Blockchain Capital, Merit Circle, and others.
This week, the investment and financing enthusiasm of the crypto market was the same as last week, with 11 infrastructure deals and 4 DeFi deals. The stablecoin API Bridge for developers received the largest amount of financing this week, with a financing amount of US$58 million.
This week's investment and financing projects are sorted by financing amount as shown below:
Infrastructure
According to ROOTDATA investment and financing data from 08-29, Bridge completed a round of financing of US$58 million, with investors including Haun Ventures, Sequoia Capital, etc. Bridge is building a stablecoin-driven capital flow platform that provides services such as payment, cross-border payment, and foreign exchange. Its orchestration and issuance API enables any company and team to provide digital dollar-based services to their end consumers or businesses.
According to ROOTDATA investment and financing data 08-29, Bware Labs completed a round of M&A financing of unknown amount, and the investor was Alchemy. Bware Labs' mission is to create an infrastructure and development ecosystem to help Web3 builders complete the entire blockchain journey. The first major product developed by Bware Labs is Blast, a blockchain API platform that allows developers to easily access the most relevant networks in the space through blockchain.
According to ROOTDATA investment and financing data 08-29, Edge Matrix Chain completed a round of financing of 20 million US dollars, and the investors are Amber Group, Polygon Labs, etc. Edge Matrix Chain is an edge computing protocol based on blockchain and peer-to-peer network, including functions such as smart contracts, decentralized storage and transaction verification consensus mechanism. It is designed to connect various servers, personal computers and other devices to form a decentralized computing power network. It can serve as an infrastructure to connect decentralized computing power and dApp, providing users with more flexible, reliable and efficient computing resources, enabling users to share computing resources and jointly process data.
According to ROOTDATA investment and financing data 08-29, Quai Network has completed a round of strategic financing of US$5 million, with investors including MH Ventures, Cogitent Ventures, etc. Quai Network is an open source proof-of-work blockchain network that uses the power of merged mining to increase throughput and security. Users of Quai Network will enjoy fast transaction times without compromising decentralization and security. Miners will have competitive mining opportunities on many blockchains within the network.
According to ROOTDATA investment and financing data 08-29, double jump.tokyo completed a round of $10 million in Series D financing, with investors including SBI Investment, Taisu Ventures, etc. double jump.tokyo is a blockchain game development platform that provides a program to help game developers build blockchain games. The company cooperates with leading game companies to jointly develop blockchain games, builds a strong blockchain infrastructure, and cultivates NFT projects with well-known IPs.
According to ROOTDATA investment and financing data 08-27, Solayer completed a seed round of financing of US$12 million, with investors including Polychain, Binance Labs, etc. Solayer is building a re-staking network on Solana. Solayer uses its economic security and high-quality execution as a decentralized cloud infrastructure to achieve a higher degree of consensus and block space customization for application developers.
According to ROOTDATA investment and financing data 08-27, SOON completed a round of financing of unknown amount, and the investors are Anatoly Yakovenko, Lily Liu, etc. SOON is an SVM network that allows any SVM L2 to be deployed on any L1.
According to ROOTDATA investment and financing data 08-27, Space and Time completed a $20 million Series A round of financing, with investors including Framework Ventures, Arrington Capital, etc. Space and Time is a web3-native decentralized data platform that supports low-latency queries and tamper-proof analysis across Web3. Dapps built on Space and Time become blockchain interoperable, processing SQL + machine learning for game/DeFi data and any decentralized application that requires verifiable tamper-proof, blockchain security or enterprise scale.
According to ROOTDATA investment and financing data 08-26, OneBalance completed a round of financing of US$5 million, with investors including Vasiliy Shapovalov, banteg, etc. OneBalance is a new framework for trusted accounts — combining chain abstraction, gas abstraction, and permission management to solve the fragmented Web3 user experience.
According to ROOTDATA investment and financing data 08-26, Bolt completed a seed round of financing of US$4.6 million, with investors including Cyber Fund, Maven11, etc. Bolt enables Ethereum block proposers to make credible commitments to the content of their blocks. The system aims to improve Ethereum's user experience and censorship resistance by unlocking new out-of-protocol primitives such as pre-confirmation and inclusion lists. Ultimately, this will increase the value of differentiated block space for users and applications, and bring more benefits to validators.
According to ROOTDATA investment and financing data 08-24, Nautilus Chain completed a round of M&A financing of unknown amount, and the investor was 3Base. Nautilus Chain is a modular blockchain built on Eclipse, combining the speed of Solana with the decentralization and security of Ethereum, becoming the fastest EVM chain available, capable of parallel transaction processing. With Nautilus, Web3 technology will have the reliability and scalability required to replace the world's traditional payment system. The predecessor of this project is Zebec Chain.
DeFi
According to ROOTDATA investment and financing data 08-29, Level completed a round of financing of 3.6 million US dollars, with investors including Dragonfly, Polychain, etc. Level is a stablecoin protocol supported by re-collateralized USD tokens such as USDT and USDC. Level USD (lvlUSD) is a liquid re-collateralized USD: a cross-chain USD token that generates income and is backed 1:1 by re-collateralized stablecoins.
According to ROOTDATA investment and financing data 08-27, Echelon Market completed a seed round of financing of US$3.5 million, with investors including Amber Group, Cypher Capital, etc. Echelon is a decentralized financial market written in the Move programming language. Its users can indirectly borrow and lend assets to each other through non-custodial pools to earn interest or increase purchasing power through leverage.
According to ROOTDATA investment and financing data 08-26, Origami Finance completed a seed round of financing of US$1.5 million, with investors including Ouroboros Capital, Fjord Foundry, etc. Origami is an automatic leverage protocol that aims to potentially increase returns by allowing users to increase their token exposure while maximizing capital efficiency between lenders and borrowers. Origami can increase yields through leverage and automatic compounding (also known as folding).
According to ROOTDATA investment and financing data 08-26, BTA Protocol completed a round of $1.5 million in Series A financing, with investors including Athena Ventures, coinIX, etc. BTA Protocol is a decentralized ecosystem protocol based on BTC, providing applications such as staking protocol, liquidity protocol, range stability protocol (RSP), launch pool, and lending protocol.
game
According to ROOTDATA investment and financing data 08-28, SnakeLite has completed a round of multi-million dollar financing, with investors including Mirana Ventures, HTX Ventures, etc. SnakeLite is a Tap-to-Earn GameFi based on Telegram. SnakeLite provides a fun and innovative way for players to explore the Web3 metaverse and participate in challenges, earning tokens by simply tapping the screen.
According to ROOTDATA investment and financing data 08-28, Gameplay Galaxy completed a round of $11.17 million in extended seed round financing, with investors including Blockchain Capital, Merit Circle, etc. Gameplay Galaxy is a decentralized competitive gaming ecosystem. Developed by the creators of the leading blockbuster Web2 game series Trial Xtreme, which has been downloaded more than 250 million times in various bicycle racing games, Gameplay Galaxy players can own, buy and sell vehicles, tracks, characters, studios and other items as NFTs in a seamless and direct way.
Creator Economy
According to ROOTDATA investment and financing data 08-28, myco completed a round of $10 million in Series A financing, with investors including Aptos, Ghaf Capital Partners, etc. myco is a web3 video streaming, financing, production and distribution platform where viewers can make money by watching content and creators can make money by creating content. myco supports viewers and creators in a fully decentralized video ecosystem through real-time monetization, crowdfunding, gated NFTs, and partial ownership of content. myco has also pioneered premium content experiences by creating Cineverse (a theater in the metaverse).
According to ROOTDATA investment and financing data 08-29, Mereo completed a round of strategic financing of unknown amount, with Aptos as the investor. Mereo is revolutionizing fan engagement by empowering IP owners to identify and create more engaged fans. As an experiential social platform, Mereo enables fans to benefit from their reputation. By bringing the intangible value of community actions to the chain, Mereo aims to transform these actions into redeemable real-world assets and experiences.
AI
According to ROOTDATA investment and financing data 08-30, Adot completed a round of strategic financing of unknown amount, and the investor was Aptos. Adot is a decentralized AI Internet search network. It not only provides users with a more convenient and intelligent Web3 content search experience, but also helps developers quickly build their own personalized search functions. Adot's mission is to build a decentralized search network that comprehensively surpasses traditional search engines, making all high-quality data open to every user and developer.
According to ROOTDATA investment and financing data 08-27, Nectar AI completed a round of financing of US$3.9 million, with investors including Mechanism Capital, Karatage, etc. Nectar AI is a Web3 AI immersive companion that provides an integrated experience on and off the chain, allowing users to create uncensored and replicable multimodal AI companions in realistic or anime styles. Users can deeply customize their characters by detecting user intent and responding appropriately with images or text within seconds. Creators have full IP ownership of their assets and can also monetize without permission.
other
According to ROOTDATA investment and financing data 08-27, LEGION completed a $2 million seed round of financing, with investors including Cyber Fund, Delphi Digital, etc. Legion enables retail investors to invest in on-chain fundraising through regulatory compliance and investor accountability. Projects using Legion can use each investor's on-chain and off-chain standards to customize allocations, whitelists, discounts, etc., thereby forming an organic and die-hard supporter community. Each user on Legion is assigned a Legion score, as well as subcomponent scores and achievements, which reflects their ability to add value in multiple aspects and greatly reduces robot and Sybil activities. These reputation scores vary based on how investors support the projects they invest in, thereby inhibiting short-term, value-extracting behavior.
According to ROOTDATA investment and financing data 08-29, time.fun completed a $3 million seed round of financing, with investors including Brevan Howard Digital, Coinbase Ventures, etc. time.fun is a time tokenization platform that allows time holders to connect with fans. As time holders provide more value to fans, the value of their time will naturally increase due to market demand. Every time someone trades their time, time holders can earn ETH from transaction fees and redemptions.
According to ROOTDATA investment and financing data 08-30, Verofax completed a round of financing of US$3 million, with investors including Plug & Play Tech CenterNa, Navig8 Group, etc. Verofax is a Web3 service provider that uses Web3 technologies such as augmented reality, blockchain, and artificial intelligence to enhance the marketing experience of tourists, shoppers, and brands.
According to ROOTDATA investment and financing data 08-29, Neverless completed a $6.7 million Pre-seed round of financing, and the investors are unknown. Neverless is a crypto trading platform launched by former Revolut executives and supports automated investment accounts. Neverless allows users to trade cryptocurrencies with zero fees. The company has registered as a virtual asset service provider (VASP) with the Bank of Spain.
According to ROOTDATA investment and financing data 08-24, ATT completed a round of financing of unknown amount, and the investor was Waterdrip Capital. Advertising Time Token (ATT) is a Web3.0 project that integrates RWA and DePin technology. It uses the unique DA-AIOT-P (decentralized assets-artificial intelligence Internet of Things-payment) mechanism to build a new digital advertising ecosystem that integrates physical advertising assets, e-commerce merchants, user resources and digital technology. The ecosystem is currently centered on an LED screen in Lan Kwai Fong, Hong Kong, and is expanding in key commercial areas such as Southeast Asia, Japan, South Korea and Europe.
According to ROOTDATA investment and financing data 08-26, BSCS completed a round of strategic financing of unknown amount, and the investor was K300 Ventures. BSCS (BSCStation) is a one-stop incubation center for blockchain startups, providing services including: BSCSwap, IDO Launchpad, revenue mining, NFT auctions and markets, especially the incubation center for blockchain startups.
