From October 12 to October 18, a total of 23 investment and financing events occurred in the crypto market, including 8 infrastructure, 7 DeFi, 3 games, 2 CeFi, 1 social, 1 mining, and 1 tool. .
There were 8 financings worth more than 10 million U.S. dollars this week:
Blockchain development company Blockstream has completed a $210 million round of financing from Fulgur Ventures.
Blockchain gaming company Azra Games has completed a $42 million Series A round of financing from investors including Pantera Capital, a16z and others.
Cryptocurrency exchange Yellow Card completed a $33 million Series C financing round from Blockchain Capital, Castle Island Ventures and others.
Bitcoin derivatives exchange Bitnomial has completed a $25 million round of financing from Ripple.
The privacy data oracle protocol zkPass has completed a $12.5 million Series A round of financing from dao5, Animoca Brands and others.
ZKP protocol Opacity Network has completed a seed round of financing of US$12 million, with investors including Archetype, Breyer Capital and others.
The decentralized Bitcoin staking protocol Solv Protocol has completed a round of strategic financing of US$11 million, with investors including Blockchain Capital and OKX Ventures.
The decentralized stablecoin protocol Mento has completed a $10 million round of financing from investors such as HashKey Capital and No Limit Holdings.
The popularity of investment and financing in the crypto market has picked up this week compared with last week, including 8 infrastructure projects and 7 DeFi projects, with the financing amount increasing significantly. Blockchain development company Blockstream received the largest amount of financing this week, with a financing amount of US$210 million.
This week’s investment and financing projects are sorted by financing amount as follows:
infrastructure
According to ROOTDATA investment and financing data 10-17, zkPass completed a round of Series A financing of US$12.5 million, with investors including dao5 and Animoca Brands. zkPass is a private data protocol that leverages 3P-TLS and hybrid ZK technology, providing tools and applications for secure, verifiable data sharing from any HTTPS website without an Oauth API, with privacy and integrity guarantees.
According to ROOTDATA investment and financing data 10-17, Surge completed a Pre-seed round of financing of US$1.8 million, with investors including Double Peak Group, Gerstenbrot Capital, etc. Surge is a modular Rollup as a Service (RaaS) platform for the Bitcoin ecosystem. Surge provides a platform for launching high-performance, customizable, general-purpose or application-specific Rollups on Bitcoin, significantly reducing their time to market.
According to ROOTDATA investment and financing data 10-17, Hyve completed a seed round of financing of US$1.85 million, with investors including Lemniscap and Paper Ventures. Hyve is an ultra-high throughput data availability layer.
According to ROOTDATA investment and financing data 10-17, Marketnode completed a round of strategic financing of an unknown amount, and the investor was Euroclear. Founded by SGX Group and Temasek, Marketnode is Asia Pacific’s DLT-powered financial markets infrastructure. Marketnode operates two flagship platforms: Gateway and Fundnode. Gateway is a one-stop, end-to-end platform that enables market participants to accelerate workflows, reduce time to market and fully leverage the transformative potential of tokenization. Fundnode is Singapore’s blockchain investment fund infrastructure, providing a single platform for transaction management, fund processing and record keeping for the fund ecosystem.
According to ROOTDATA investment and financing data 10-16, Vue Protocol completed a seed round of financing of US$6 million, with investors including PAKA, Eureka Partners, etc. Vue Protocol is a decentralized platform that maps multi-chain relationships, aiming to connect Web3 native developers, give users ownership of their data, and allow the community to participate in collaboration.
According to ROOTDATA investment and financing data 10-16, Opacity Network completed a seed round of financing of US$12 million, with investors including Archetype and Breyer Capital. Opacity is a ZKP protocol for proving anything without revealing the details. Opacity’s zero-knowledge proof protocol connects provers and verifiers to trustlessly share and verify information in minutes.
According to ROOTDATA investment and financing data 10-15, Predicate completed a round of financing of US$7 million, with investors including 1kx, Tribe Capital and others. Predicate is a blockchain financial services application founded by two former employees of Celo Blockchain to connect blockchain applications with the financial world.
According to ROOTDATA investment and financing data 10-15, Blockcast completed a seed round of financing of US$2.85 million, with investors including Lattice Capital and Protocol Labs. Blockcast is a decentralized content delivery network and marketplace designed to help broadcasters gain more traffic and reach wider audiences. The platform is designed to help broadcasters bridge the gap between TV and online streaming, by marking unused TV spectrum for content delivery. Streaming a 4K movie to 10,000 viewers through a server like Cloudflare typically costs around $1,000, but using Blockcast can reduce the cost by 96%.
DeFi
According to ROOTDATA investment and financing data 10-17, Drop completed a seed round of financing of US$4 million, with investors including CoinFund, CMS Holdings, etc. Drop is a cross-chain liquid staking protocol whose mission is to enhance the economic viability of inter-chain economies by transforming stagnant, frozen resources into flowing streams of opportunities.
According to ROOTDATA investment and financing data 10-17, Mento completed a round of financing of US$10 million, with investors including HashKey Capital and No Limit Holdings. Mento Labs is a stablecoin and digital asset innovation lab spun out of cLabs (Celo). The lab offers the Mento basket of crypto-asset platforms, with all Mento stablecoins (cEUR, cREAL, cUSD) fully supported by USDC and DAI. Additionally, Mento has support for loyalty and engagement, regenerative finance, and risk management, monitoring, and maintenance.
According to ROOTDATA investment and financing data 10-16, Lombard completed a round of strategic financing of US$1 million, and the investor was Binance Labs. Founded in April 2024, Lombard is dedicated to unlocking Bitcoin’s potential as a dynamic financial instrument by connecting it with DeFi. Lombard enables yield-generating BTC to move across chains without fragmenting liquidity, paving the way to become the largest catalyst in bringing net new capital into DeFi. Its flagship product, LBTC, is a yield-based, cross-chain, highly liquid Bitcoin backed by BTC at a 1:1 ratio.
According to ROOTDATA investment and financing data 10-16, Hermetica completed a seed round of financing of US$1.7 million, with investors including UTXO Management, CMS Holdings, etc. Hermetica Finance is a non-custodial structured products protocol for Bitcoin. Hermetica Vault uses automated options return strategies to generate risk-adjusted returns on Bitcoin and stablecoins.
According to ROOTDATA investment and financing data 10-15, Pell Network completed a Pre-seed round of financing of US$3 million, with investors including Mirana Ventures, Paper Ventures, etc. Pell Network aims to create a decentralized token economic security leasing platform for the Bitcoin ecosystem. By building a network that aggregates native BTC Stake and LSD re-staking services, it allows stake holders to choose to validate new software modules built on the Pell Network ecosystem. Stakeholders opt-in by granting Pell Network smart contracts the ability to impose additional reduction conditions on their staked assets, allowing for expanded cryptoeconomic security.
According to ROOTDATA investment and financing data 10-14, Solv Protocol completed a round of strategic financing of US$11 million, with investors including Blockchain Capital and OKX Ventures. Solv is a decentralized Bitcoin staking protocol that unlocks the full potential of the Bitcoin asset through a liquid consensus infrastructure. By solving the fragmentation of BTC assets, yield opportunities and custody solutions, Solv provides Bitcoin holders with a gateway to BTCFi, continuing to build access and confidence for traditional funds to enter the cryptocurrency world.
According to ROOTDATA investment and financing data 10-12, Fission Labs completed a Pre-seed round of financing of US$1.6 million, with investors including SALT Fund and Kraynos Capital. Fission is a DeFi application built for VC products on Ethereum that integrates tokenization, trading, lending and automated liquidity provisioning into a simple, intuitive end-to-end solution.
game
According to ROOTDATA investment and financing data 10-15, Azra Games completed a round of Series A financing of US$42 million, with investors including Pantera Capital, a16z, etc. Azra Games is a blockchain gaming company aiming to create a mainstream collectible combat RPG. The first game it launched is called Project Arcanas, which is a fantasy collectibles and fighting arena RPG game, in which players can not only obtain NFT collectibles, but also build legions to fight.
According to ROOTDATA investment and financing data 10-14, World of Dypians completed a round of financing of an unknown amount, and the investor was IBC Group. World of Dypians is a Metaverse sandbox and virtual game created by Dypius. WoD features a vast virtual world of 2,000 square kilometers with AI, NFT capabilities and high-resolution graphics. In the WoD metaverse, players and users can explore endless maps and participate in thrilling activities such as hunting wildlife, earning rewards, purchasing NFTs, and more. WoD has five key gameplay elements that stand out among similar games: campaign mode, multiplayer mode, open world, sandbox, and play to earn money.
According to ROOTDATA investment and financing data 10-14, Flappy Bird completed a round of financing of US$2 million, with investors including Kenetic Capital, Scytale Digital, etc. Flappy Bird is a Telegram-based game originally launched in 2013. After a dedicated group of fans secured the legal rights to the game, the Flappy Bird Foundation was created to integrate Web3 functionality. The game allows players to mine points to earn native tokens for later airdrops. These points are earned based on active time in the mini-program, as well as successfully dodging and diving between those famous green pipes.
CeFi
According to ROOTDATA investment and financing data 10-16, Yellow Card completed a round of Series C financing of US$33 million, with investors including Blockchain Capital and Castle Island Ventures. Yellow Card is a cryptocurrency exchange that provides the safest way to buy and sell Bitcoin with various payment options. You can also send, receive and store your cryptocurrencies using the Bitcoin wallet on Yellow Card.
According to ROOTDATA investment and financing data 10-16, Bitnomial completed a round of financing of US$25 million, and the investor was Ripple. Bitnomial was founded in 2014 to create a marketplace that connects native digital asset hedgers and institutional traders. Bitnomial provides improved derivatives trading technology as well as a new digital asset settlement system.
other
According to ROOTDATA investment and financing data 10-16, The Arena completed a Pre-seed round of financing of US$2 million, with investors including D1 Ventures, Avalanche, etc. The Arena is a next-generation SocialFi app that redefines how creators connect, engage, and monetize their content.
According to ROOTDATA investment and financing data 10-16, CCData completed a round of M&A financing of unknown amount, and the investor was CoinDesk. Founded in 2014, CCData is a global cryptocurrency market data provider, providing institutional and retail investors with real-time, high-quality, reliable market and pricing data on more than 5,300 coins and 240,000 currency pairs. By aggregating and analyzing quote data from renowned exchanges around the world and seamlessly integrating disparate data sets within cryptocurrency prices, CCData provides a comprehensive, holistic market overview.
According to ROOTDATA investment and financing data 10-15, Blockstream completed a round of financing of US$210 million, and the investor was Fulgur Ventures. Blockstream is a leading blockchain development company founded in 2014. Blockstream's core focus is on developing new infrastructure for traditional financial systems, with key developments surrounding Bitcoin sidechains and other blockchain-related applications. Their flagship technologies include their own implementation of the Lighting protocol and the Elements Project, a blockchain platform that supports open source sidechains. Blockstream has launched a number of products such as Liquid (a Bitcoin-based inter-exchange settlement network), Blockstream Green (a secure Bitcoin wallet), and others that provide real-time and historical cryptocurrency transaction data, as well as for Bitcoin mining operations Provide hosting services.
