According to incomplete statistics from Odaily Planet Daily, there were a total of 14 disclosed blockchain financing events from November 18 to November 24, a significant decrease from the previous week's data (24 events). The total disclosed financing amount was approximately $118 million, down from the previous week's data ($175 million).
Last week, the project with the most investment was the crypto fantasy sports platform Monkey Tilt ($30 million); the crypto wallet Deblock followed closely behind ($16.8 million).
The following are specific financing events (note: 1. Sorted by disclosed amounts; 2. Excluding fund raising and merger events; 3. *Certain traditional companies involved in blockchain):
The crypto fantasy sports platform Monkey Tilt completed $30 million in Series A financing, led by Pantera Capital.
On November 20, the crypto fantasy sports platform Monkey Tilt announced the completion of $30 million in Series A financing. This round of financing concluded this summer but was only recently disclosed, with Pantera Capital leading the round, and participation from Polychain Capital, PokerGo, Hack VC, Dream Ventures, Accomplice, Mirana, and Josh Hannah. This latest financing brings the total amount raised to over $50 million.
The crypto wallet Deblock, created by former executives from Revolut and Ledger, completed approximately $16.8 million in seed round financing.
On November 21, according to documents submitted this month to the UK Companies House, the crypto wallet Deblock, created by former executives from Revolut and Ledger, has completed an additional £13.3 million (approximately $16.8 million) in seed round financing. Another document from October indicated that Headline, Hoxton, 20 VC, and Chalfen were the main investors in this round of financing. Sifted previously reported that this startup quietly raised €12 million last year.
The stablecoin infrastructure platform Noble completed $15 million in Series A financing, led by Paradigm.
On November 19, the stablecoin infrastructure platform Noble announced the completion of $15 million in Series A financing, led by Paradigm, with other investors not yet disclosed. This new financing brings Noble's total financing amount to $18.3 million. It is reported that the platform will utilize the funds from this round to accelerate the adoption of stablecoins by developing new user-facing products and expanding its workforce. Currently, Noble has partnered with stablecoin issuers such as Circle, Ondo Finance, Hashnote Labs, and Monerium, and the platform manages assets exceeding $458 million.
The Bitcoin L2 solution Bitfinity Network completed $12 million in financing, with participation from Polychain Beacon Fund and others.
On November 19, the Bitcoin L2 solution Bitfinity Network announced the completion of $12 million in financing, including $7 million from institutional investors such as Polychain Beacon Fund, ParaFi, Draft Ventures, and Warburg Serres, as well as $5 million raised from community over-the-counter (OTC) token sales. The project will leverage Internet Computer Protocol (ICP)'s Chain Fusion technology to enable the operation of Bitcoin native assets in Ethereum-compatible ecosystems. Moreover, Bitfinity Network has launched, with its security enhanced by 'utilizing the powerful proof-of-stake protocol of Chain-Key technology,' which offers stronger security than the traditional multi-signatures used by most L2s. The ecosystem plans to host dApps such as Sonic, Chapswap, Lendfinity, and Omnity Bridge.
The decentralized player network KGeN completed $10 million in financing, led by Aptos Labs.
On November 21, the decentralized player network KGeN (Kratos Gamer Network) announced the completion of $10 million in ecosystem round financing, led by Aptos Labs, with participation from Polygon and Game 7. The total financing amount has reached $30 million, reportedly operating primarily in India, Brazil, Nigeria, Southeast Asia, and the Middle East and North Africa.
The hybrid payment platform Rise Labs completed $6.3 million in Series A financing, led by Draper Associates.
On November 21, the hybrid payment platform Rise Labs announced the completion of $6.3 million in Series A financing, led by Draper Associates, with co-lead participation from Polymorphic Capital, and investments from DCG, JAM Fund, Ryze Labs, and Paradigm Shift Capital. It was reported that Rise Labs primarily develops hybrid payment infrastructure that integrates fiat currency, stablecoins, and cryptocurrencies. Currently, Rise has more than 150 clients and over 100,000 contractors. Its client base includes traditional enterprises, Web3 companies, as well as DAOs, protocols, and platforms.
The Move ecosystem developer platform Shinami completed $5.645 million in seed round financing, led by Race Capital.
On November 21, the Move ecosystem developer platform Shinami announced the completion of $5.645 million in seed round financing, led by Race Capital, with participation from 6th Man Ventures, Coinbase, Circle, Mysten Labs, and the Aptos Foundation. Shinami aims to become the 'Consensys' of the Move ecosystem, providing developers with a one-stop tool platform to simplify application building on Move blockchains such as Aptos, Sui, and Movement. Additionally, Shinami has joined the Move Collective.
Crypto AI startup OpenLayer completed $5 million in seed round financing, with participation from a16z CSX and others.
On November 20, crypto AI startup OpenLayer, co-founded by three former Robinhood employees, completed $5 million in seed round financing, with participation from a16z Crypto Startup Accelerator (CSX), Geometry, IOSG Ventures, Spartan Group, LongHash Ventures, and undisclosed angel investors from crypto projects like EigenLayer, AltLayer, Puffer Finance, and Sei Network. OpenLayer acts as an AI data layer, allowing users to contribute and verify data through a Chrome extension and earn points. According to its website, app developers can access this user data with user consent, thereby protecting privacy. Use cases include training AI models, user localization, and enhanced functionality. Additionally, OpenLayer plans to launch its own token in the future. Currently, there are 7 people working at OpenLayer in the United States, and they plan to hire two more engineers.
The staking protocol developer Alluvial completed $4.3 million in strategic financing, led by Variant.
On November 19, according to official news, the institutional-grade liquidity staking protocol Liquid Collective's developer Alluvial completed a new round of strategic financing of $4.3 million, led by Variant, with participation from Ethereal Ventures, Brevan Howard Digital, F-Prime Capital (the venture capital firm under Fidelity Investments' parent company FMR LLC), Nascent, and others, bringing the total financing amount to $22.5 million. The new funds aim to facilitate product development and expansion to meet the growing demand for ETFs and global institutions. Previously, in July last year, Alluvial completed $12 million in Series A financing, co-led by Ethereal Ventures and Variant.
Truemarkets completed over $4 million in financing through public NFT sales, with Vitalik spending 32 ETH to participate in the minting.
On November 19, the market-based news and entertainment platform Truemarkets raised over $4 million through public NFT sales, raising $4.03 million by selling 15,071 NFTs, each with a minting cost of 0.08 ETH (approximately $250). Ethereum co-founder Vitalik Buterin purchased 400 of these NFTs for a total cost of 32 ETH (approximately $107,000). Truemarkets allows users to bet on real-world events. There are two types of NFTs from Truemarkets: Oracle Patron NFT and Truth Seeker NFT. NFT holders are eligible to claim the upcoming asset TRUE token in the platform's token generation event.
The DeFi liquidity solution system Barter completed $3 million in seed round financing, led by Maven 11.
On November 19, the decentralized finance liquidity solution system Barter announced the completion of $3 million in seed round financing, led by Maven 11, with participation from Lattice, Anagram, Heartcore, DCG, and Daedalus Angels. Barter was established in 2023 and mainly engages in on-chain transaction matching and settlement. The company intends to use this funding to expand its team, accelerate research, and continue developing DeFi tools AppChain that connect liquidity and order flow.
The DeFi project Exponent on the Solana chain completed $2.1 million in financing, led by RockawayX.
On November 22, according to official news, the DeFi project Exponent on the Solana chain announced the completion of $2.1 million in financing, led by RockawayX, with participation from Solana Ventures, Cherry Ventures, Mechanism Capital, Robot Ventures, and others.
The decentralized AI cloud service Heurist completed $2 million in financing, with participation from Amber Group and others.
On November 19, according to official news, the decentralized AI cloud service Heurist recently announced the completion of $2 million in financing, with participation from Amber Group, Contango Digital, Manifold Trading, Selini Capital, X Ventures, Sharding Capital, Blue 7 Capital, Mozaik Capital, Zephyrus Capital, Origin Capital, Steroids Capital, DCF God, and others. It was reported that based on the ZK stack, Heurist is addressing critical AI infrastructure challenges, making it as easily accessible as the internet: - Truly serverless deployment; - Elastic resource scaling; - Community-owned computing network.
The blockchain game Gabby World completed $2 million in financing, with participation from SevenX Ventures and others, and issued its main token GABBY.
On November 20, according to official news, Gabby World announced the completion of $2 million in financing at a valuation of $20 million, with investors including SevenX Ventures, OnePiece Labs, Everest Ventures Group, Huofeng Capital, Zonff Partners, and 13 other institutions, as well as 8 angel investors including former partners from Republic, Hashed, and Gam 3 Girl Ventures. It is reported that Gabby World is a community co-created AIGC Dungeons and Dragons game, and achieves ultra-low market cap issuance of VC coins through a 'fair release' token economy, aiming to explore a new paradigm for VC coin issuance that counters 'low circulation high FDV' and time-locked releases. The token GABBY was issued at the end of October on Solana's DEX with a market cap of $10,000 and has successfully validated the on-demand release and repurchase destruction advocated by the 'fair release' token economic model in the past few weeks.