Last week, there were a total of 14 public financing events in the cryptocurrency market, raising approximately 55.12 million USD | Investment and Financing Weekly Report

Compiled by: Luan Peng, RootData

According to incomplete statistics from RootData, between December 23 and December 29, 2024, there were 14 public financing events in the blockchain and cryptocurrency industry, raising a total of approximately 55.12 million USD.

From the perspective of track distribution, the projects that received financing are mainly distributed in the infrastructure and DeFi tracks. Popular projects include decentralized AI infrastructure Swan Chain, stablecoin USDa issuer Avalon Labs, AI Agent project Sentient AI, and Web3 structured and verification system The Grid.

Additionally, the RWA stablecoin protocol Usual has completed a 10 million USD Series A financing, led by Binance Labs and Kraken Ventures. Galaxy, OKX Ventures, Wintermute, IOSG Ventures, echo, Symbolic Capital, M^0, LeadBlock Partners, GSR, and others participated.

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

1. Infrastructure

The decentralized AI training network Nodepay has completed its second round of financing, raising a total of 7 million USD.

According to Chainwire, the decentralized AI training network Nodepay announced it has completed its second round of financing, raising a total of 7 million USD. The latest round of investors includes IDG Capital, Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Etherscan founder Matthew Tan, and CoinHako co-founder and CEO Yusho Liu. Previous investors in Nodepay's financing included Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, and Tokenbay Capital.

Nodepay is a decentralized AI training network dedicated to democratizing AI training through real-time data retrieval. By converting idle internet bandwidth into resources, Nodepay powers the next generation of AI models.

AI public chain ChainOpera AI has completed a 17 million USD seed round financing, led by Finality Capital and others.

AI public chain ChainOpera AI has completed a 17 million USD seed round financing, led by Finality Capital, Road Capital, and IDG Capital, with participation from Camford VC, ABCDE Capital, Amber Group, Modular Capital, Sparkle Ventures, AimTop Venture, Wisemont Capital, LDV Partners, Acequia Capital, PrimeSet, Plug and Play, as well as angel investors including David Tse (co-founder of BabylonChain), Sreeram Kannan (founder and CEO of EigenLayer), and Jeff Ren (early investor in AI and Web3).

ChainOpera plans to launch its flagship platform and mobile application with AI agents in the coming weeks.

ChainOpera AI is a pioneering L1 blockchain and AI operating system that enables the co-creation and co-ownership of decentralized AI agents and applications. ChainOpera AI currently has over 40 team members located in San Francisco, Los Angeles, New York, Singapore, Hong Kong, Seoul, Tokyo, Dubai, London, Greece, and Germany.

The decentralized AI infrastructure Swan Chain has completed a financing of 2 million USD, with participation from DWF Labs and others.

According to official news, the decentralized AI infrastructure Swan Chain has completed its latest round of financing amounting to 2 million USD, with participation from DWF Labs, the Optimism Foundation, and Promotony.

According to RootData, Swan Chain (formerly known as FilSwan) was launched in 2021 as a decentralized infrastructure aimed at accelerating AI applications. By utilizing Ethereum's Layer 2 technology via OP Stack, Swan Chain combines Web3 and AI to provide comprehensive solutions covering storage, computation, bandwidth, and payment. By leveraging the underutilized computing power in the community data center network, Swan Chain can significantly reduce computing costs by up to 70%, while also monetizing idle computing assets.

The cross-chain DeFi protocol EYWA has completed a new round of financing, with contributions from 1inch co-founders and Kenetic Fund.

According to official news, the cross-chain DeFi protocol EYWA announced on platform X that it has completed a new round of financing, with contributions from 1inch co-founders and Kenetic Fund. The specific amount has not been disclosed, but the company's total financing amount has reached 8.5 million USD to date.

It is reported that EYWA previously secured 7 million USD in financing led by Curve Finance founder Michael Egorov, with participation from Fenbushi Capital and others in May this year, and also received a 500,000 USD grant from the TON Foundation. The new funds are intended to support its development of a low-slippage DEX product called CrossCurve.

2. DeFi

Stablecoin issuer Avalon Labs has completed a 10 million USD Series A financing, led by Framework Ventures.

According to CoinDesk, stablecoin issuer USDa based on Bitcoin, Avalon Labs, has completed a 10 million USD Series A financing, led by Framework Ventures, with participation from UXTO Management, Presto Labs, and Kenetic Capital.

Avalon's goal is to evolve BTC from a digital store of value into a more active financial instrument that can serve various purposes. In addition to stablecoins, Avalon also offers Bitcoin-backed loans, yield-generating savings accounts, and credit cards.

RWA stablecoin protocol Usual has completed a 10 million USD Series A financing, led by Binance Labs and Kraken Ventures.

RWA stablecoin protocol Usual has completed a 10 million USD Series A financing, led by Binance Labs and Kraken Ventures. Galaxy, OKX Ventures, Wintermute, IOSG Ventures, echo, Symbolic Capital, M^0, LeadBlock Partners, GSR, and others participated.

According to RootData, Usual is a stablecoin protocol, and the USD it launched is a permissionless and fully compliant stablecoin backed 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 addresses current issues in the stablecoin market by redistributing profits to the community and rewarding token holders with actual earnings generated from RWA.

3. DePIN

MelosBoom completed a Series B financing led by LBank Labs with an 80 million USD valuation and established a strategic partnership with WOO X Network.

MelosBoom announced it has received a strategic investment from LBank Labs, reaching a post-investment valuation of 80 million USD. MelosBoom is committed to advancing the decentralized computing and data transmission network process, continuously leveraging its potential in the DePIN and DeIOE fields, and expanding its ecosystem.

Meanwhile, MelosBoom announced a strategic partnership with Web3 cross-chain liquidity solution WOO X Network. This collaboration will enhance the efficiency of MelosBoom's data transmission paths and deepen coverage in application scenarios through the network advantages of WOO X, promoting more RWA (real-world assets) and decentralized resources in circulation and connection within the network.

WOO X has received investments from multiple institutions, including Binance Labs, Amber Group, Wintermute, LBank Labs, Bitmart, IOSG Ventures, and others.

4. AI

AI Agent project Sentient AI has completed a financing of 1.5 million USD.

AI Agent project Sentient AI has completed a financing of 1.5 million USD. Sentient AI is incubated by GameFi.org and collaborates with Ape Terminal, Polkastarter, and ChainGPT.

Sentient AI is about to launch Agent Launchpad, aimed at helping investors optimize their AI tokens and seize investment opportunities in the Web3 field.

Sentient AI introduces an AI agent capable of thinking and feeling like a human, serving both as a chatbot and a personal assistant.

5. Others

The Web3 structured and verification system The Grid has completed a financing of 600,000 euros.

According to Decrypt, the Web3 structured and verification system The Grid has completed a financing of 600,000 euros, with participant information not yet disclosed.

The Grid is a Web3 structured and verification system that employs the Four Eyes principle, and the current ecosystem resembles Google Maps, with Grid aiming to incorporate a more informative system.

SilentBerry announced it has received strategic investment from the CKB ecosystem fund.

The decentralized publishing platform SilentBerry, based on the RGB++ protocol, announced it has received strategic investment from the CKB ecosystem fund. SilentBerry's model allows authors to directly inscribe their book content onto the Bitcoin blockchain, converting ownership and revenue rights into digital assets. The platform is expected to launch on January 3, 2025.