(August 12-19) More than 16 blockchain project financing cases were announced. This week, there were 6 financings of tens of millions of dollars, including the decentralized AI blockchain platform Sahara AI, which announced the completion of a $43 million Series A financing, led by Binance Labs, Pantera Capital and Polychain Capital, Tencent Investment and Matrix Partners China, which was the largest financing event this week. Other popular projects include the intent-based blockchain infrastructure project Essential, the risk management platform Chaos Labs, and the liquidity protocol Ion Protocol for pledged and re-pledged assets. In the investment and financing sub-track, the infrastructure field is relatively hot this week. The following is a list of financing events this week.
Tether makes $3 million strategic investment in remittance and financial management platform Kem
CoinVoice has recently learned that Tether announced a strategic investment of US$3 million in the remittance and financial management platform Kem. This cooperation will enable Kem App to launch USDT on its platform to promote its widespread adoption in the Middle East, mainly used to improve the economic conditions in neighboring countries such as Kuwait, Bahrain, Saudi Arabia, Qatar and Iraq.
Web3 game studio Autoverse Studios completes $8 million in financing
According to Venturebeat, Web3 game studio Autoverse Studios has completed $8 million in financing. This round of financing was led by White Star Capital, with participation from Sfermion, RockawayX, Ocular, Sidedoor Ventures, MCE Group, Saison Capital and LiquidX.
The funds will be used to develop its social drag racing Web3 game Auto Legends, with the goal of becoming the first game to bring Web3 ownership and transaction mechanisms to a large number of traditional free-to-play game players around the world.
Auto Legends will be a free-to-play game available on PC, Mac, iOS, and Android, but players can choose to take advantage of Web3 features if they want more depth. The game is now available on PC and Mac in a closed alpha testing environment on the Epic Games Store.
AI smart layer Rivalz Network completes $9 million in financing
According to Cointelegraph, AI smart layer Rivalz Network has completed $9 million in financing, with participation from Delphi Ventures, D1 Ventures, Gate.io, Magnus Capital and Cogitent Ventures. Rivalz Network aims to change the AI field by introducing the first AI smart layer.
Blockchain platform Sahara AI completes $43 million in financing, led by Binance Labs and others
Decentralized AI blockchain platform Sahara AI announced the completion of a US$43 million Series A financing round, led by Binance Labs, Pantera Capital and Polychain Capital, with participation from Samsung, Matrix Partners, Siam Commercial Bank, dao5, Alumni Ventures, Geekcartel, Nomad Capital, Mirana Ventures and others.
It is reported that the new funds will be used to further expand its global team, improve the performance of its AI blockchain, and accelerate the construction of its developer ecosystem.
Stablecoin infrastructure company WSPN completes $30 million seed round of financing, with Folius Ventures and other leading investors
According to Foresight News, the stablecoin 2.0 infrastructure company WSPN has completed a $30 million seed round of financing, led by Foresight Ventures and Folius Ventures, with participation from Hash Global, Generative Ventures, Yunqi Partners and RedPoint China.
According to reports, WSPN is a new generation of stablecoin infrastructure company, aiming to provide users with more secure, efficient and transparent payment solutions by establishing a global compliance system and a new payment ecological network. WSPN includes core members such as CTH, Paxos and Visa, and has more than 10 years of payment and stablecoin operation experience. At present, WSPN has compliance licenses in many major countries and regions, and is supported by more than 30 exchanges, more than 10 mainstream wallets, and dozens of large payment institutions and market makers.
Goldilocks DAO Completes $1.5 Million Funding, Shima Capital and Hack VC Lead the Investment
Berachain ecosystem Goldilocks DAO announced the completion of a US$1.5 million strategic round of financing, led by Shima Capital and Hack VC, with participation from Public Works, Iberia Capital, Rana DAO, Atka Incubator and several angel investors.
Essential Completes $11 Million Series A Funding Led by Archetype
Essential, an intention-based blockchain infrastructure project, announced the completion of $11 million in Series A funding, Arche