From October 12 to October 18, there were 23 investment and financing events in the crypto market, including 8 in infrastructure, 7 in DeFi, 3 in games, 2 in CeFi, 1 in social, 1 in mining, and 1 in tools.
There are 8 financings of more than 10 million US dollars this week:
Blockchain development company Blockstream has completed a $210 million funding round from Fulgur Ventures.
Blockchain game company Azra Games has completed a $42 million Series A financing round with investors including Pantera Capital, a16z, etc.
Cryptocurrency exchange Yellow Card has completed a $33 million Series C financing round with investors including Blockchain Capital, Castle Island Ventures, and others.
Bitcoin derivatives exchange Bitnomial has completed a $25 million funding round with Ripple as its investor.
The privacy data oracle protocol zkPass has completed a US$12.5 million Series A financing round with investors including dao5, Animoca Brands, etc.
ZKP protocol Opacity Network completed a $12 million seed round of financing, with investors including Archetype, Breyer Capital, etc.
Decentralized Bitcoin staking protocol Solv Protocol has completed a round of strategic financing of US$11 million from investors including Blockchain Capital, OKX Ventures, etc.
The decentralized stablecoin protocol Mento has completed a $10 million round of financing, with investors including HashKey Capital, No Limit Holdings, etc.
The popularity of investment and financing in the crypto market has picked up this week compared with last week, including 8 infrastructure projects and 7 DeFi projects, with the financing amount increasing significantly. Blockchain development company Blockstream received the largest amount of financing this week, with a financing amount of US$210 million.
This week's investment and financing projects are sorted by financing amount as shown below:
Infrastructure
According to ROOTDATA investment and financing data on October 17, zkPass completed a round of A round of financing of US$12.5 million, with investors including dao5, Animoca Brands, etc. zkPass is a privacy data protocol that uses 3P-TLS and hybrid ZK technology, providing tools and applications for secure and verifiable data sharing from any HTTPS website without Oauth API, and providing privacy and integrity guarantees.
According to ROOTDATA investment and financing data on October 17, Surge completed a $1.8 million Pre-seed round of financing, with investors including Double Peak Group, Gerstenbrot Capital, etc. Surge is a modular Rollup as a Service (RaaS) platform for the Bitcoin ecosystem. Surge provides a platform for launching high-performance, customizable, general or application-specific Rollups on Bitcoin, greatly shortening their time to market.
According to ROOTDATA investment and financing data on October 17, Hyve completed a seed round of financing of US$1.85 million, with investors including Lemniscap, Paper Ventures, etc. Hyve is an ultra-high throughput data availability layer.
According to ROOTDATA investment and financing data 10-17, Marketnode completed a round of strategic financing of unknown amount, and the investor was Euroclear. Marketnode was founded by SGX Group and Temasek, and is a DLT-driven financial market infrastructure in the Asia-Pacific region. Marketnode operates two flagship platforms: Gateway and Fundnode. Gateway is a one-stop, end-to-end platform that enables market participants to speed up workflows, shorten time to market and take full advantage of the transformative potential of tokenization. Fundnode is Singapore's blockchain investment fund infrastructure, providing a single platform for transaction management, fund processing and record keeping for the fund ecosystem.
According to ROOTDATA investment and financing data 10-16, Vue Protocol completed a seed round of financing of US$6 million, with investors including PAKA, Eureka Partners, etc. Vue Protocol is a decentralized platform that maps multi-chain relationships, aiming to connect Web3 native developers, give users ownership of their data, and allow the community to participate in collaboration.
According to ROOTDATA investment and financing data on October 16, Opacity Network completed a seed round of financing of US$12 million, with investors including Archetype, Breyer Capital, etc. Opacity is a ZKP protocol used to prove anything without revealing details. Opacity's zero-knowledge proof protocol connects provers and verifiers to share and verify information without trust in a few minutes.
According to ROOTDATA investment and financing data 10-15, Predicate completed a round of financing of US$7 million, with investors including 1kx, Tribe Capital, etc. Predicate is a blockchain financial service application founded by two former employees of the Celo blockchain, aiming to connect blockchain applications with the financial world.
According to ROOTDATA investment and financing data 10-15, Blockcast completed a seed round of financing of US$2.85 million, with investors including Lattice Capital, Protocol Labs, etc. Blockcast is a decentralized content delivery network and market designed to help broadcasters gain more traffic and reach a wider audience. The platform aims to help broadcasters bridge the gap between TV and online streaming by marking unused TV spectrum to deliver content. The cost of streaming a 4K movie to 10,000 viewers through servers such as Cloudflare is usually about $1,000, but using Blockcast can reduce costs by 96%.
DeFi
According to ROOTDATA investment and financing data 10-17, Drop completed a $4 million seed round of financing, with investors including CoinFund, CMS Holdings, etc. Drop is a cross-chain liquid pledge protocol whose mission is to enhance the economic viability of inter-chain economies by transforming stagnant and frozen resources into liquid opportunity flows.
According to ROOTDATA investment and financing data 10-17, Mento completed a round of financing of US$10 million, with investors including HashKey Capital, No Limit Holdings, etc. Mento Labs is a stablecoin and digital asset innovation laboratory derived from cLabs (Celo). The laboratory provides Mento a basket of cryptocurrency asset platforms, and all Mento stablecoins (cEUR, cREAL, cUSD) are fully supported by USDC and DAI. In addition, Mento also has support for loyalty and engagement, regenerative finance, and risk management, monitoring and maintenance.
According to ROOTDATA investment and financing data 10-16, Lombard completed a round of strategic financing of US$1 million, with Binance Labs as the investor. Founded in April 2024, Lombard is committed to unleashing the potential of Bitcoin as a dynamic financial instrument by connecting Bitcoin with DeFi. Lombard enables yield-generating BTC to move across chains without dispersing liquidity, paving the way for becoming the biggest catalyst for bringing net new capital into DeFi. Its flagship product, LBTC, is a yield-generating, cross-chain, liquid Bitcoin backed by BTC at a 1:1 ratio.
According to ROOTDATA investment and financing data 10-16, Hermetica completed a seed round of financing of US$1.7 million, with investors including UTXO Management, CMS Holdings, etc. Hermetica Finance is a non-custodial structured product agreement for Bitcoin. The Hermetica vault uses automated option income strategies to generate risk-adjusted returns on Bitcoin and stablecoins.
According to ROOTDATA investment and financing data 10-15, Pell Network completed a $3 million Pre-seed round of financing, with investors including Mirana Ventures, Paper Ventures, etc. Pell Network aims to create a decentralized token economic security leasing platform for the Bitcoin ecosystem. By building a network that aggregates native BTC Stake and LSD re-staking services, it allows stakeholders to choose to verify new software modules built on the Pell Network ecosystem. Pledgers choose to join by granting the Pell Network smart contract the ability to impose additional reduction conditions on their pledged assets, allowing for the expansion of cryptoeconomic security.
According to ROOTDATA investment and financing data from 10-14, Solv Protocol completed a round of strategic financing of US$11 million, with investors including Blockchain Capital, OKX Ventures, etc. Solv is a decentralized Bitcoin staking protocol that unlocks the full potential of Bitcoin assets through a liquidity consensus infrastructure. By addressing the fragmentation, yield opportunities, and custody solutions of BTC assets, Solv provides Bitcoin holders with a gateway to BTCFi, constantly building avenues and confidence for traditional funds to enter the world of cryptocurrency.
According to ROOTDATA investment and financing data on October 12, Fission Labs completed a $1.6 million Pre-seed round of financing, with investors including SALT Fund, Kraynos Capital, etc. Fission is a DeFi application built for VC products on Ethereum, which integrates tokenization, trading, lending, and automatic liquidity configuration into a simple, intuitive end-to-end solution.
game
According to ROOTDATA investment and financing data 10-15, Azra Games completed a round of $42 million in Series A financing, with investors including Pantera Capital, a16z, etc. Azra Games is a blockchain game company that aims to create a mainstream collectible combat RPG. Its first game is called Project Arcanas, a fantasy collectible and fighting arena RPG game, where players can not only obtain NFT collectibles, but also build legions to fight.
According to ROOTDATA investment and financing data 10-14, World of Dypians completed a round of financing of unknown amount, and the investor was IBC Group. World of Dypians is a metaverse sandbox and virtual game created by Dypius. WoD has a vast virtual world of 2,000 square kilometers, with AI, NFT functions and high-resolution graphics. In the WoD metaverse, players and users can explore endless maps and participate in thrilling activities such as hunting wild creatures, earning rewards, and purchasing NFTs. WoD has five key game elements that stand out from similar games: campaign mode, multiplayer mode, open world, sandbox, and play to earn money.
According to ROOTDATA investment and financing data 10-14, Flappy Bird completed a round of $2 million in financing, with investors including Kenetic Capital, Scytale Digital, etc. Flappy Bird is a Telegram-based game that was originally launched in 2013. After a group of loyal fans obtained the legal rights to the game, the Flappy Bird Foundation was created to integrate Web3 functions. The game allows players to mine points to obtain local tokens for airdrops later. These points are earned based on active time in the mini program, as well as successfully dodging and diving between those famous green pipes.
CeFi
According to ROOTDATA investment and financing data 10-16, Yellow Card completed a round of C round of financing of US$33 million, with investors including Blockchain Capital, Castle Island Ventures, etc. Yellow Card is a cryptocurrency exchange that provides the safest way to buy and sell Bitcoin with various payment options. You can also use the Bitcoin wallet on the Yellow Card to send, receive and store your cryptocurrency.
According to ROOTDATA investment and financing data 10-16, Bitnomial completed a round of financing of US$25 million, with Ripple as the investor. Bitnomial was founded in 2014 to create a market connecting native digital asset hedgers and institutional traders. Bitnomial provides improved derivatives trading technology and a new digital asset settlement system.
other
According to ROOTDATA investment and financing data on October 16, The Arena completed a $2 million Pre-seed round of financing, with investors including D1 Ventures, Avalanche, etc. The Arena is a new generation of SocialFi application that redefines how creators connect, participate and monetize their content.
According to ROOTDATA's investment and financing data on October 16, CCData completed a round of M&A financing of unknown amount, with CoinDesk as the investor. Founded in 2014, CCData is a global cryptocurrency market data provider, providing real-time, high-quality, reliable market and pricing data for more than 5,300 tokens and more than 240,000 currency pairs to institutional and retail investors. By aggregating and analyzing quote data from well-known global exchanges and seamlessly integrating different data sets in cryptocurrency prices, CCData provides a comprehensive and holistic market overview.
According to ROOTDATA investment and financing data 10-15, Blockstream completed a round of financing of US$210 million, with Fulgur Ventures as the investor. Blockstream is a leading blockchain development company founded in 2014. Blockstream's core focus is to develop new infrastructure for the traditional financial system, and key developments revolve around Bitcoin sidechains and other blockchain-related applications. Their flagship technologies include their own implementation of the Lighting protocol and the Elements Project, a blockchain platform that supports open source sidechains. Blockstream has launched many products such as Liquid (a Bitcoin-based inter-exchange settlement network), Blockstream Green (a secure Bitcoin wallet), and other products that provide real-time and historical cryptocurrency transaction data, as well as hosting services for Bitcoin mining operations.
