From November 2 to November 8, there were 21 investment and financing events in the crypto market, covering a wide range of sectors, including 7 infrastructure, 4 DeFi, 2 games, 1 NFT, 1 AI, 1 DePIN, 1 prediction market, 1 crypto education, 1 social, 1 CeDeFi, and 1 CeFi.

There was one financing of more than 10 million US dollars this week:

  • The verifiable data infrastructure vlayer has completed a $10 million Pre-seed round of financing, with investors including a16z, BlockTower Capital, etc.

This week, the investment and financing enthusiasm in the crypto market declined, and the tracks were fragmented, including 7 infrastructure transactions and 4 DeFi transactions.

Verifiable data infrastructure vlayer received the largest round of funding this week, with a financing amount of US$10 million.

This week's investment and financing projects are sorted by financing amount as shown below:

Infrastructure

  1. According to ROOTDATA investment and financing data on November 8, MAP Protocol completed a round of strategic financing of US$1 million, with Gryps as the investor. MAP Protocol is the interoperability layer of the Bitcoin network, built on the ZK light client. It is the gateway for developers and users of the Bitcoin ecosystem, and also the way for different Bitcoin L2s and the Bitcoin ecosystem to interoperate with the EVM and non-EVM ecosystems.

  2. According to ROOTDATA investment and financing data 11-07, Cytonic completed a seed round of financing of US$8.3 million, with investors including Lemniscap, Lattice Capital, etc. Cytonic is an L1 blockchain that aims to create a unique ecosystem open to all technologies used in Web3. Because Cytonic has unique multi-virtual machine technology, its goal is to interoperate with all ecosystems without being part of any one ecosystem.

  3. According to ROOTDATA investment and financing data on November 5, vlayer completed a $10 million Pre-seed round of financing, with investors including a16z, BlockTower Capital, etc. vlayer is a trusted and verifiable data infrastructure driven by zero-knowledge proof.

  4. According to ROOTDATA investment and financing data 11-04, AgentLayer completed a round of financing of unknown amount, and the investor is BingX Labs. AgentLayer is a decentralized AI token public chain that combines artificial intelligence with human collaboration. AgentLayer uses OP Stack and EigenDA to create AgentChain, a public blockchain that enhances coordination and collaboration between agents supported by the AgentLink protocol. The blockchain facilitates contracts and transaction logs between agents, and provides agent OP sorters to enhance the collaborative network of agents.

  5. According to ROOTDATA investment and financing data 11-04, Klaster completed a round of M&A financing of unknown amount, and the investor was Biconomy. Klaster is a platform for building multi-chain applications, abstracting all the complexity of building multi-chain dApps so that two minutes can focus on their own application scenarios. It enables smart contracts to call EVM functions on any CCIP-supported network from any other network, while providing composability and atomicity guarantees. Developers can easily convert existing dApps to support sovereign multi-chain assets and cross-chain communications.

  6. According to ROOTDATA investment and financing data 11-04, Kroma completed a round of strategic financing of unknown amount, and the investor was zkCandy. Kroma is a general ZK Rollup based on the Optimism Bedrock architecture, developed by Lightscale. Initially, Kroma used the Scroll-based zkEVM to run as an Optimistic Rollup with ZK fault proofs. Kroma's goal is to eventually transition to ZK Rollup once the generation of ZK proofs becomes more cost-effective and faster. Kroma is deployed on the Sepolia testnet for further testing and optimization.

  7. According to ROOTDATA investment and financing data 11-02, EtraPay completed a round of M&A financing of unknown amount, and the investor was AvaCloud. EtraPay is a layer 1 blockchain designed for daily payments, based on the Avalanche blockchain architecture. Every transaction conducted on the payment network is encrypted and protected by zkMorphic proofs.


DeFi

  1. According to ROOTDATA investment and financing data on November 8, BIO Protocol completed a round of strategic financing of unknown amount, and the investor was Binance Labs. BIO Protocol is the financial layer of DeSci, which aims to accelerate the flow of capital and talent into on-chain science. bioDAO can use the auction contract of BIO Protocol to raise funds and use the funds directly for research programs, IP assets and other biotechnology organizations.

  2. According to ROOTDATA investment and financing data on November 6, Usual completed a round of financing of US$1.5 million, with investors including Comfy Capital, Jed Breed, etc. Usual is a stablecoin protocol that launched USD, a permissionless and fully compliant stablecoin supported 1:1 by real-world assets (RWA). USUAL is a governance token that allows the community to guide the future development of the network. Usual solves the current stablecoin market problems by redistributing profits to the community and rewarding token holders with actual income generated by RWA.

  3. According to ROOTDATA investment and financing data 11-04, CoW Protocol completed a round of financing of unknown amount, and the investor was Greenfield. CowSwap is a DEX aggregator, and the transaction has MEV protection function. The CoW protocol matches transactions for various on-chain liquidity sources through batch auctions. It can provide users with better prices and save a lot of money in gas fee optimization and liquidity provider fees.

  4. According to ROOTDATA investment and financing data 11-04, Fragmetric completed an angel round of financing of unknown amount, and the investors are Anatoly Yakovenko, Lily Liu, etc. Fragmetric is Solana's native liquid re-staking protocol, and its vision is to enhance the security and economic potential of the Solana ecosystem. By leveraging Solana's token extension, Fragmetric effectively implements NCN reward distribution. In addition, Fragmetric has designed a practical solution, namely a standardized token plan, for utilizing various LSTs in the re-staking platform. Fragmetric's mission is to build a secure, transparent and efficient re-staking infrastructure to empower users and support the stability of the Solana re-staking ecosystem.


game

  1. According to ROOTDATA investment and financing data on 11-04, Betski completed a seed round of financing of US$340,000, and the investors were not announced. Betski is an integrated online iGaming platform that aims to provide users with a unique ownership model through tokenization. By integrating blockchain technology, Betski provides token holders with the opportunity to share the profits generated by all bets on the platform.

  2. According to ROOTDATA investment and financing data on November 4, GameBeast completed a round of financing of 2 million US dollars, with investors including Tido Capital, K300 Ventures, etc. GameBeast is a multi-chain game platform developer in the Solana ecosystem, with multiple games including Destiny of Gods. Gamebeast offers a variety of games from mini games to AAA masterpieces, providing users with more different token consumption opportunities.


other

  1. According to ROOTDATA investment and financing data on November 8, Rektguy completed a seed round of financing of US$1.5 million, with investors including Luca Netz, Seedphrase, etc. Rektguy is a Rekt beverage culture NFT project. Users can also get double points for every drink they buy, allowing buyers to be on the leaderboard and possibly get rewards through Rekt Coin.

  2. According to ROOTDATA investment and financing data on November 7, Pond completed a seed round of financing of US$7.5 million, with investors including Archetype and Coinbase Ventures. Pond is a large cryptocurrency artificial intelligence model that recommends tokens with similar on-chain behaviors to users. Pond's artificial intelligence model can identify patterns and trends in on-chain data and behaviors to help identify investment opportunities.

  3. According to ROOTDATA investment and financing data 11-07, SkyX completed a $1 million Pre-seed round of financing, with investors including Waterdrip Capital, Escape Velocity, etc. SkyX is a blockchain-driven meteorological network that uses an incentive system and web3 protocol. Its goal is to build an innovative meteorological ecosystem that combines advanced weather station IoT devices with blockchain-based decentralized service protocols and uses $SKY as a utility token to gain economic benefits, thereby addressing the traditional challenges of the meteorological industry. SkyX was formerly a smart device and data service company that sells weather stations and operates a network of 16,000 weather stations.

  4. According to ROOTDATA investment and financing data 11-06, Prosper completed a round of financing of unknown amount, and the investor was Waterdrip Capital. Prosper is a non-custodial cross-chain prediction market and hedging platform. Prosper is developing a unique on-chain liquidity aggregation technology to solve the problem of predicting the market pattern. The core functions of Prosper.so include: cross-chain prediction support and on-chain liquidity aggregation, binary liquidity model, betting insurance, user-owned predictions and options, and real asset integration.

  5. According to ROOTDATA investment and financing data on November 5, HackQuest completed a round of strategic financing of unknown amount, and the investor was KIP Protocol. HackQuest is the gateway to the world of Web3 development, providing a comprehensive one-stop educational infrastructure to minimize friction and help developers and non-developers enter the Web3 world.

  6. According to ROOTDATA investment and financing data 11-05, Phi completed a round of strategic financing of an unknown amount, with investors including Neoclassic Capital, Cyber, etc. Phi is a social game metaverse that focuses on "on-chain identities" created using ENS and verified wallet activities to easily visualize on-chain identities. It incentivizes users to interact with various Web3 protocols, provides positive feedback to all protocols, and accelerates the overall network effect of Web3. The protocol allows users to generate personalized spaces using their ENS, and then claim objects in the game based on their wallet activities. Using these objects, users can build their own Web3 worlds to showcase their on-chain identities. The goal of the project is to accelerate the mass adoption of the entire web3 ecosystem by providing leisure functions such as social, gaming, and art.

  7. According to ROOTDATA investment and financing data 11-05, Blum completed a round of financing of unknown amount, and the investor is The Open Platform. Blum is a hybrid exchange that provides universal token access through gamification in Telegram applets. Blum can access CEX and DEX tokens on one platform, supports more than 30 chains, and provides additional features including AI navigation, P2P trading, derivatives trading, etc.

  8. According to ROOTDATA investment and financing data 11-04, CoinBest completed a round of M&A financing of unknown amount, and the investor was OSL Group. CoinBest is a cryptocurrency exchange where users can trade crypto assets such as Bitcoin (BTC) and Ethereum (ETH) anytime, anywhere through this application.