Compiled by: Golden Finance
This week, 28 blockchain startups raised $169.7 million in funding. The largest round was raised by Babylon, which raised $70 million. 13 projects received seed and pre-seed funding, and 15 projects received other rounds of funding.
The biggest round of financing this week
1.Babylon
Babylon raised $70 million in a round of funding from Paradigm*, Polychain Capital, Bullish, Hashkey Capital, Hack VC, Galaxy Digital, IOSG Ventures, Breyer Capital, Amber Group, Mantle Network, HTX Ventures (formerly Huobi Ventures), ViaBTC Capital, LD Capital, ImToken Ventures, P2P Validator, Allnodes, Everstake, InfStones, Luganodes, Stakin, RockX, Stakewithus, 01node, Bware Labs, Nodes Guru, Ryan Fang, Smokey The Bera, Ajit Tripathi, Waikit Lau, domo.
Babylon Introduction
Babylon is a Bitcoin staking infrastructure project that pioneered a Bitcoin staking protocol to enhance the security of Proof of Stake (PoS) networks and decentralized applications (DApps). This innovative protocol enables Bitcoin holders to stake their assets, earn rewards and strengthen the security of PoS chains and DApps.
Pre-seed and seed rounds
2.Mint Blockchain
Mint Blockchain raised $5 million in a seed funding round with participation from Jsquare, SNZ Holding, Antalpha Ventures, Mask Network, Predator Capital, GoPlus Security, Whitelist Ventures, Panony, NFTScan, Smart Token Labs.
Introduction to Mint Blockchain
Mint Blockchain is a Layer 2 blockchain built on OP Stack, focusing on the NFT ecosystem. It emphasizes the innovation of NFT standards and application scenarios, aiming to expand and enhance the development and use of NFT assets. Through lower gas fees, rich NFT standards and strong infrastructure, Mint Blockchain is committed to exploring the potential of the trillion-dollar NFT market.
3.Plural
Plural raised $2.3 million in a pre-seed funding round with participation from Compound*, Necessary Ventures*, Volt Capital, and Maven 11 Capital.
About Plural
Plural connects solar and wind developers with investors through blockchain, allowing people to participate in renewable energy projects with an investment as low as $10. Using smart contracts enabled by blockchain, Plural provides stable returns and liquidity, making renewable energy investment accessible to everyone.
4.NexGami
NexGami (formerly Light eSports, MetaVirus Games) raised $2.5 million in a seed funding round with participation from Metalpha*, KuCoin Ventures, HTX Ventures (formerly Huobi Ventures), Gate Labs, Ledger Capital, Tide Groups, OIG Capital (Oracles Investment Group), XTcom, LBank, Kekkai, and IBC Group.
About NexGami
NexGami is a Web3 eSports platform that aims to bridge the gap between traditional games and blockchain-based games by providing seamless integration solutions and enhancing users’ gaming experience.
5.XMAQUINA
XMAQUINA raised an undisclosed amount in a pre-seed funding round with participation from Moonrock Capital and EoT Ventures.
About XMAQUINA
XMAQUINA is a DePIN platform for tokenizing autonomous robots, allowing people to share in the revenue of smart machines. It enables businesses to tokenize real-world assets, turning smart machines into public investment opportunities to expand robotics businesses. This approach enhances liquidity, stakeholder engagement, and market leadership while ensuring transparency through on-chain mechanisms.
6.PlayAI
PlayAI raised $4.3 million in a seed funding round led by P2 Ventures (Polygon Ventures), Jump Crypto, Alpha Wave Global, Zentry, Tykhe Block Ventures, MH Ventures, Jeffrey Zirlin, Sandeep Nailwal, Gabby Dizon.
About PlayAI
PlayAI is a web3 platform that rewards players for sharing their game data, which is used to train AI models. It provides developers with high-quality data and infrastructure to deploy AI agents and models, leveraging blockchain for secure and transparent access. In addition, PlayAI provides incentives by rewarding contributors of game data.
7. STXN
STXN (Smart Transactions) raised $5.5 million in a seed financing round with participation from Hack VC, Backed, Shima Capital, Signum Capital, AntAlpha, Breed VC, Chorus One, Tane, and Gate Labs.
About STXN
STXN is a decentralized transaction creation and execution framework run by solvers, allowing users to set specific conditions for transaction timing and execution. Based on smart contracts, it is MEV-resistant, context-aware, and dynamic, supporting transaction processing based on precise conditions and time. This framework supports secure, conditional, and customizable transactions for a variety of blockchain applications.
8. OpenSocial
OpenSocial raised $5 million in a seed round with participation from Portal Ventures*, SNZ Holding*, Animoca Brands, Awesome People Ventures, Arche Fund (Coin98 Ventures), Decima, Moonrock Capital, OKX Ventures (formerly OKEx Blockdream Ventures), Orange DAO, Panony, Summer Ventures, Roham Gharegozlou, Jason Yanowitz, Smokey The Bera, Mike Dudas, Don Ho.
About OpenSocial
OpenSocial is a multi-chain SocialFi infrastructure that provides scalable and composable protocols for Web3 users, creators, and developers. It integrates social features as an enabling layer for various use cases, promoting emotional and financial engagement. Developed by Everest Ventures Group, OpenSocial supports modular, code-free deployment on multiple virtual machines, enhances the multi-chain social economy, has flagship dApps and a strong developer community.
9. Anzen
Anzen raised $4 million in a seed funding round with participation from Mechanism Capital, Circle Ventures, FRAX Finance, Arca Fund, Infinity Ventures Crypto (IVC), Cherubic Ventures, Palm Drive Capital, M31 Capital, and Kraynos Capital.
About Anzen
Anzen is a decentralized platform offering USDz, a digital token backed by a diversified portfolio of private credit assets, ensuring stability during cryptocurrency market volatility. Through strict underwriting and KYC-compliant investors, Anzen secures cash flow assets so that USDz holders can earn sustainable rewards by staking their tokens. The platform provides stable, real-world asset-backed yields that are unaffected by cryptocurrency market fluctuations and aims to achieve significant total value locked (TVL) through a powerful on-chain scalable financial system.
10. Parasail
Parasail (formerly Repl) raised $4 million in a seed round with participation from Protocol Labs*, D11-Labs, MH Ventures, Bitrise Capital, Escape Velocity, Fenbushi Capital, Modular Capital, Faculty Group, DWF Ventures, Foresight Ventures, AGE Crypto Asset Investment Fund, and Waterdrip Capital.
About Parasail
Parasail is an incentive interface that aims to simplify the experience of decentralized physical infrastructure networks (DePIN) by aggregating capital, hardware resources, and users. By promoting synergies between various DePIN networks, Parasail aims to unify the decentralized DePIN ecosystem and enhance user experience. Its unique advantages include a strong service guarantee layer, a simplified DePIN project marketing process, and generous user participation rewards through staking and delegation.
11.GaiaNet
GaiaNet raised $10 million in a seed funding round with participation from ByteTrade Lab, Mirana Ventures, Mantle Network, EVM Capital, and Brian Johnson.
About GaiaNet
GaiaNet is a decentralized computing infrastructure that enables individuals and businesses to create, deploy, scale, and monetize AI agents that reflect their unique style and expertise. Each GaiaNet node provides a web-based chatbot UI and an OpenAI-compatible API, allowing seamless integration with existing AI applications. GaiaNet domains are load-balanced between nodes, ensuring stable and customized AI services to meet specific domains and user needs.
12.Coinflow
Coinflow raised $2.3 million in a seed funding round with participation from CMT Digital*, Reciprocal Ventures, Jump Crypto, Digital Currency Group (DCG), Draper Dragon, Blocktech Ventures, and Roneil Rumburg.
About Coinflow
Coinflow is a payment infrastructure provider that enables web3 companies to accept traditional payment methods and pay customers' funds directly into their bank accounts. It helps non-crypto native customers to onboard more easily through familiar payment processes, while Coinflow manages the backend infrastructure, mainly serving games, NFT projects, wallets and other web3 products.
13.El Dorado
El Dorado raised $3 million in a seed funding round with participation from Coinbase Ventures* and Multicoin Capital*.
Introduction to El Dorado
El Dorado is a peer-to-peer cryptocurrency wallet that enables cross-border payments and generates revenue through stablecoin exchanges. It operates in Colombia, Venezuela, Argentina, Peru, Brazil, and Panama, facilitating stablecoin transactions.
14.NodeOps
NodeOps raised $5 million in a seed funding round with participation from L1 Digital*, Blockchain Founders Fund, Finality Capital, Oak Grove Ventures, Double Peak Group, Skyland Ventures, Momentum 6 (M6), Bitscale Capital, Jaynti Kanani, and Richard Ma.
Introduction to NodeOps
NodeOps provides comprehensive node deployment solutions for node infrastructure and related communities. As one of the first Active Verification Services (AVS), it has developed an on-chain, permissionless incentive system to create a value capture engine for operators, developers, and protocols within the ecosystem.
Other investment rounds
15.E Money Network
E Money Network has raised $3.3 million in a funding round from investors including Animoca Brands, Kelsier Ventures, Genesis Block Ventures Capital (GBV), Momentum 6 (M6), Blockchain Founders Fund, Morningstar Ventures, KuCoin Labs, Black Edge Capital and Banter Capital.
E Money Network Introduction
E Money Network is a fully regulated blockchain company pioneering DeFi 2.0 by integrating tokenized real-world assets (RWA) with the DeFi ecosystem. It provides individuals and institutions with a compliant and robust infrastructure that ensures secure asset transactions, enhanced transparency, and mitigation of systemic risks. The network follows global regulations, including MiCA, emphasizing compliance, privacy, and strong on-chain identity verification.
16.Carv
Carv raised an undisclosed amount from Animoca Brands in a funding round.
About Carv
Carv is a Web3 identity startup that is developing a solution that combines Web2 and Web3 gaming data to create unique user IDs.
17. TAKE IT
TRALA raised $5 million in a funding round from Matter Labs, Animoca Brands and Gate Labs.
About TRALA
TRALA is a zkSync-based GameFi platform that provides a comprehensive Web3 gaming experience. It has more than 10 popular games and serves 400 million users worldwide through extensive global marketing channels.
18.Marketnode
Marketnode raised an undisclosed amount in Series A funding from HSBC* and Temasek*.
Marketnode Introduction
Marketnode is a company that develops and operates financial market infrastructure (FMI) to manage the data, transactions and lifecycle processes of digital assets. Using distributed ledger technology (DLT), Marketnode aims to revolutionize the issuance, trading and servicing of financial assets such as credit, funds and structured products. The platform, and in particular its Gateway service, provides a comprehensive solution for tokenized asset issuance, settlement and automated services for issuers, financial institutions and their agents.
19.ARPA
ARPA raised $6 million in a funding round from Laser Digital*, DeFiance Capital*, Animoca Ventures, Metrics Ventures, ArkStream Capital, and Trinito.
ARPA Network Introduction
ARPA is a blockchain-based solution that uses multi-party computation (MPC) to achieve privacy-preserving computation. ARPA's threshold BLS signature network operates across multiple blockchains as an infrastructure for verifiable random number generators (RNG), secure wallets, cross-chain bridges, and decentralized hosting.
20.Neynar
Neynar raised $11M in Series A funding from HAUN Ventures*, Andreessen Horowitz (a16z crypto), a16z Crypto Startup Accelerator (CSX), Coinbase Ventures, and Union Square Ventures (USV).
About Neynar
Neynar aims to simplify application development by providing a comprehensive set of tools, APIs and SDKs to make it easy to build on Farcaster. It offers code-free multi-step framework building tools like Frame Studio, Sign In with Neynar for seamless Farcaster account integration, and managed SQL databases to manage Farcaster data. Neynar aims to help developers and companies quickly realize their vision, reduce the complexity of managing infrastructure, and focus on innovation.
21.Stable Jack
Stable Jack raised $1 million in angel funding.
Stable Jack Introduction
Stable Jack is a stablecoin hub on the Avalanche network that offers three main products: yield stablecoins, volatility AVAX tokens, and stablecoin swaps. Yield stablecoins emphasize capital efficiency, no liquidation risk, and no centralization risk. Volatility AVAX tokens provide DeFi composability with no funding fees or liquidation risk. Stablecoin swaps provide one-sided liquidity for stablecoins, LST, and LRT with very low slippage, ensuring efficient and secure transactions.
22.Zentry
Zentry raised an undisclosed amount in strategic funding from The Spartan Group, LongHash Ventures, Synergis Capital, DWF Labs, Binance Labs Fund, Coinbase Ventures, Pantera Capital, Hashed, DeFiance Capital, Animoca Brands, Vessel Capital, Play Ventures, Dapper Labs, Arche Fund (Coin98 Ventures), SkyVision Capital, Spirit DAO, Ray Chan, Soby, Loopify, dingaling, Char, Mirza Uddin, Grail eth.
About Zentry
Zentry is a gaming superlayer that combines MMORPG experiences with real life through a seamless blend of loyalty systems, in-game identities, and cross-platform activity. It enables players to create dynamic avatar profiles that continually accrue status, uniqueness, and real wealth across a variety of digital and physical ecosystems. This unified gaming economy integrates countless games and platforms into a single overlay experience.
23.Beoble
Beoble raised an undisclosed amount from Ripple in a funding round.
About Beoble
Beoble is a Web3 messaging and social platform that facilitates secure wallet-to-wallet communication, emphasizing end-to-end encryption and decentralized connectivity. The platform introduces a Communication Delivery Graph (CDG) to ensure the privacy of content and delivery paths, enhancing user data control. Beoble adopts a community-owned model, rewards users with points through interaction, and promotes fair income distribution among chat room members.
24. Lumoz
Lumoz (formerly Opside) raised an undisclosed amount in a strategic round from IDG Blockchain, Blockchain Coinvestors, Gate Ventures, Summer Ventures, Everest Ventures Group (EVG), 7UpDAO, and Sweep Ventures.
About Lumoz
Lumoz is a modular computing layer and ZK-RaaS platform that provides ZKP arithmetic for ZK-Rollup using the Proof of Work (PoW) mining mechanism. By integrating a hybrid consensus mechanism of Proof of Stake (PoS) and Proof of Work (PoW), Lumoz provides a simplified solution for Web3 developers, enabling them to generate zkEVM application chains in one click. Its innovative approach simplifies the use of ZK-Rollup and promotes wider adoption, while providing a favorable environment for miners to participate in zkEVM maintenance and ZKP calculations on multiple public chains.
25.Switchboard
Switchboard raised $7.5 million in Series A funding from Tribe Capital*, RockawayX*, Solana Foundation, Aptos Network, Starkware, Mysten Labs, InfStones, OtterSec, Ascensive Assets, Lemniscap, Bixin Ventures, Breed VC, BlockBuilders, Joe McCann, Danish Chaudhry, and 0xRooter.
Switchboard Introduction
Switchboard is a permissionless oracle network service that connects decentralized applications with real-world data, providing products such as Switchboard On-Demand. The solution provides low-latency, secure and efficient data solutions for Web3 applications, ensuring high-fidelity financial systems and customizable data ingestion.
26.defi money
defi money raised an undisclosed amount in strategic funding from Morningstar Ventures, DeFiLama com, Genesis Block Ventures Capital (GBV), MrBlock, Michael Egorov, C2tP, Winthorpe, DCF God, Alex Shin, Charlie, Tetranode, Amplice, EllioTrades, and ivangbi.
DeFi Money Introduction
DeFi Money is a stablecoin designed to be universally applicable in the global financial system. It prioritizes interoperability and neutrality and aims to facilitate seamless transactions and global economic interactions.
27. It was
Chainge raised $13 million in a funding round from GEM Digital Limited and Alpha Token Capital.
About Chainge
Chainge is a cross-chain liquidity aggregation application that facilitates access to decentralized and automated finance. It provides a cross-chain wallet that integrates more than 24 EVM and non-EVM compatible chains, enabling users to seamlessly exchange, send and receive crypto assets between different networks.
28.HMX
HMX raised an undisclosed amount from 99 Capital, Rise Capital, and Finlink Capital in a strategic round of funding.
About HMX
HMX is the next generation decentralized perpetual protocol on Arbitrum, supporting cross margin and multi-asset collateral. Users can use up to 1000x leverage on various asset classes (including cryptocurrencies, foreign exchange, and commodities), while market makers can earn income from HMX and GMX. With low fees, advanced order types, and strong security measures, HMX improves transaction efficiency and user experience in the DeFi field.
Source: Crypto Fundraising, Golden Finance
