More than 20 blockchain project financing cases were announced in the middle of this month. This week, there were 2 financings of tens of millions of dollars, including PIP Labs, the core contributor team of the intellectual property blockchain Story, which completed a $80 million Series B financing led by a16z crypto. Polychain participated as a strategic investor, which was the largest financing event this week. Other popular projects include SatLayer, a Bitcoin re-staking platform, GenLayer, a decentralized artificial intelligence network, and Corn, a Bitcoin ecological income network. In the investment and financing segment, Web3 and AI fields are relatively hot this week.
Bitcoin L2 Project Ark Labs Completes $2.5 Million Pre-Seed Round of Financing
Bitcoin L2 project Ark Labs announced the completion of a $2.5 million Pre-Seed round of financing, led by Tim Draper and Draper Ventures, with participation from Fulgur Ventures, Axiom Capital and Bitcoin angel investor Stephen Cole. The new funds will be used for its development and the introduction of top talent.
It is reported that the Ark Protocol is an open source second-layer protocol designed to be used in conjunction with the Lightning Protocol to achieve fast, low-cost and seamless payments in Bitcoin without affecting decentralization or self-custody.
Crypto startup Sorella Labs completes $7.5 million seed round led by Paradigm
According to The Block, Sorella Labs, a crypto startup aimed at solving Ethereum's MEV problem, has completed a $7.5 million seed round of financing led by Paradigm, with participation from Uniswap Ventures, Bankless Ventures, Robot Ventures and Nascent.
It is reported that in order to curb MEV attacks, Sorella Labs is developing two tools, Brontes and Angstrom. Brontes has been launched today, and Angstrom is expected to be released after Uniswap V4 goes online on the mainnet later this year.
Bitcoin L2 Project Ark Labs Completes $2.5 Million Pre-Seed Round of Financing
Bitcoin L2 project Ark Labs announced the completion of a $2.5 million Pre-Seed round of financing, led by Tim Draper and Draper Ventures, with participation from Fulgur Ventures, Axiom Capital and Bitcoin angel investor Stephen Cole. The new funds will be used for its development and the introduction of top talent.
It is reported that the Ark Protocol is an open source second-layer protocol designed to be used in conjunction with the Lightning Protocol to achieve fast, low-cost and seamless payments in Bitcoin without affecting decentralization or self-custody.
Decentralized biotech protocol BIO Protocol has completed $11.81 million in financing
Decentralized biotech protocol BIO Protocol announced on August 20 that it had completed its first round of Genesis auction financing of US$6.22 million, exceeding the original target of approximately US$5 million.
Currently, investors who participated in the first round of financing can start claiming $BIO tokens, 50% of which are available immediately, and the other 50% will be unlocked linearly over a year (called vBIO).
It is worth noting that BIO's financing accounts for more than half of the total amount of all public sales in August this year (US$11.81 million). BIO Protocol also stated that it plans to launch a new round of financing.
Web3 AI social platform Reflection AI completes seed round financing, CGV FOF and others participate
Web3 AI virtual personality social platform Reflection AI completed its seed round of financing, with participation from CGV FOF, K24 Ventures and CatcherVC.
Reflection AI aims to provide users with a decentralized, secure and highly personalized virtual social space by combining cutting-edge AI and blockchain technologies. Reflection AI's core advantages include a unique AI computing system, a distributed computing network, and an innovative computing power token conversion mechanism. The platform supports users to create and cultivate AI virtual personalities with autonomous learning capabilities and interact deeply in the AI-driven virtual world.
Web3 game development company Nexus Interactive has completed $2 million in seed round financing
Web3 game development company Nexus Interactive announced on the X platform that it has completed an oversubscribed seed round of financing of US$2 million, with participation from Animoca Brands, Jump Crypto, Maven Capital, GameFi ventures, Sky Vision Capital, Aquanow, OIG (Oracles Investment Group), Virtuals IO, Atesis Capital, Enzac Research Avocado Guild, Good Games Guild, RR2 capital and others.
Currently, Nexus Interactive owns three infrastructures: internal development studio Nexus Play, Web3 game distribution service Nexus Build, and content and community growth project Nexus Share. It is reported that the public beta version of its flagship game Everdawn Champions will be launched in September this year.
ZK identity verification solution zkMe completes $4 million seed round investment
According to official news, zkMe, a zero-knowledge proof identity solution provider, announced the completion of a $4 million seed round of investment, led by Multicoin Capital, with participation from OKX Ventures and Robot Ventures. The funds will be used to optimize the zkMe zero-knowledge identity protocol, which has been online for 13 months, and develop zero-knowledge identity layer infrastructure to build a more complete
