Compiled by: Golden Finance
A total of 30 projects successfully raised funds this week, with the largest round of financing this week being Sophon, which raised $60 million. 14 projects received pre-seed and seed round investments, and 16 projects received other rounds of financing. The total amount of funding raised in the crypto industry this week reached $197.8 million.
The biggest round of financing this week
1. Sophon
Sophon raised $60 million in a disclosed funding round from Maven 11 Capital, Paper Ventures, The Spartan Group, and SevenX Ventures.
Pre-seed and seed rounds
2.BAC Games
BAC Games raised $1.5 million in seed funding from Hash Global, Gate Ventures, Matr1x, Stratified Capital, W Labs DAO (Watermelon Labs), Nothing Research, and Ash Crypto.
About BAC Games
BAC Games is the first-of-its-kind Web3 gaming platform on Blast, offering a variety of exciting games. The first game in the series, BAC (Blast Auto Club), is a lighthearted HTML5 club racing game based on the Blast blockchain, ensuring a secure and transparent gaming environment while providing players with an interesting learning experience about digital racing and blockchain technology. The exclusive use of BAC tokens in BAC Games drives the in-game economic system, enhances player interaction and reward mechanisms, and its mission is to revolutionize WEB3 gaming through social interaction and create a vibrant digital network space for innovative and interactive gaming experiences.
3.Arbelos Markets
Arbelos Markets Raises $28M in Seed Round from Dragonfly Capital*, Room40 Ventures, Selini Capital, Breed VC, FalconX, Circle Ventures, Paxos, Chorus One, P2 Ventures (Polygon Ventures), Starkware, Immutable, and Deribit
About Arbelos Markets
Arbelos Markets is a trading firm providing primary liquidity in the full range of cryptocurrency derivatives markets from high touch to programmatic trading.
4.Seeds Labs（Bladerite）
Seeds Labs (Bladerite) raised $12 million in seed funding from Blizzard, Krust Universe, Hashkey Capital, UOB Venture Management, Signum Capital, Infinity Ventures Crypto (IVC), Emoote, and Solana Foundation.
About Seeds Labs (Bladerite)
Seeds Labs is a game developer focused on high-quality games and infrastructure, and is committed to creating a fair and transparent economic system within the gaming industry. Their flagship product, Bladerite, is a Web3 melee battle royale game released globally this month, with innovative gameplay mechanics inspired by fighting games and action games. By working on new gaming business models, Seeds Labs aims to ease the tension between players and developers while ensuring sustainable revenue to support continued game development investment.
5.Ice
Glacis raised $2.1 million in seed funding from Arrington Capital*, Paper Ventures*, Bitscale Capital, Protagonist, Edessa Capital, and individual investors Collin Myers, Luke Youngblood, and Steve Kokinos.
About Glacis
Glacis is a versatile protocol that acts as a firewall, router, and universal adapter for chain-agnostic messages, facilitating seamless cross-chain operations. Developers use Glacis to define security requirements and routing logic for messages sent to different blockchain networks, enabling simplified and secure decentralized application (dApp) development. By integrating with cross-chain general messaging protocols (GMPs) like Axelar and Wormhole, Glacis enables developers to focus on creating robust applications without having to manage the complexity of multiple blockchain networks.
6.AgriDex
AgriDex raised $5 million in a pre-seed round of funding from investors including Endeavour Ventures, Parrogate, and Oldenburg Vineyards.
About AgriDex
AgriDex is a Solana-powered RWA (Real World Asset) marketplace that revolutionizes the global agricultural industry by providing a transparent and integrated platform with its own internal economic system. Using Fiat-on-Chain, smart contracts, and participation auditing, AgriDex provides a compliant and efficient solution for agricultural supply chain management, enabling participants in the agricultural field to conduct transparent transactions efficiently.
7.Arch Network
Arch Network raised $7 million in a seed round from investors including Multicoin Capital*, Portal Ventures, Big Brain Holdings, OKX Ventures (formerly OKEx Blockdream Ventures), Coin Merge Strategy (CMS), Tangent Ventures, UTXO Management, ABCDE Capital, Cypher Capital, Newman Capital, and individual investors Santiago R. Santos, Muneeb Ali, Jason Choi, and Aaron Henshaw.
About Arch Network
Arch Network is a Bitcoin-native application platform that combines Bitcoin's sovereign principles with full programmability and execution capabilities. By leveraging the efficiency of Solana and the liquidity and security of Bitcoin, Arch enables developers to build decentralized applications (dApps) directly on Bitcoin's native chain, unlocking new possibilities while adhering to the core principles of decentralization and security. Join Arch's vibrant developer community to gain access to innovative contract standards and jointly shape the future of blockchain innovation on Bitcoin Layer 1 through incentivized testnets and collaborative development efforts.
8.DLC Link
DLC Link has raised an undisclosed amount in seed funding from Cryptogram Venture (CGV).
DLC Link Introduction
DLC Link introduces a trustless bridge to Ethereum's DeFi (decentralized finance) ecosystem, leveraging discrete logarithmic contracts (DLCs) to securely represent Bitcoin on the Ethereum blockchain and represent it as dlcBTC tokens. By using DLCs, users retain full control of their assets and are able to participate in DeFi protocols without relying on intermediaries or custodians, ensuring strong security and user sovereignty. DLC Link's innovative approach makes cross-chain communication seamless, providing unique advantages over traditional wrapped Bitcoin (wBTC) solutions, including self-wrapping, faster transaction speeds, and competitive fees.
9.Lagrange
Lagrange raised $13.5 million in seed funding from investors including Founders Fund*, Archetype, 1kx, Maven 11 Capital, Fenbushi Capital, Volt Capital, CMT Digital, Mantle Network, and individual investors Nikil Viswanathan, Joe Lau, David Phelps, and Amrit Kumar.
Lagrange Introduction
Lagrange Lab is a zero-knowledge (ZK) startup that has developed a ZK system that enables secure interoperability between different blockchain networks by providing generalized state proofs. Unlike traditional bridge and messaging protocols, the Lagrange protocol allows real-time cryptographic proofs of cross-chain state, enhancing security and enabling decentralized applications to run seamlessly on multiple blockchains.
10.BlockBoosters
BlockBooster raised $1.5 million in a seed round from investors including OKX Ventures (formerly OKEx Blockdream Ventures)*, Conflux Network, and BitcoinLab.
BlockBoosters Introduction
BlockBoosters is a Hong Kong-based startup accelerator focused on fostering the development of next-generation protocols and software infrastructure in the Web3 space in Asia. Through expertise, mentorship, and a network of experienced professionals, BlockBoosters supports incubation projects, promotes ideas, execution, and talent recruitment, and ensures the success of innovative companies in the blockchain industry.
11.Botanix Labs
Botanix Labs raised $8.5 million in a seed round from investors including Polychain Capital, Placeholder, Valor Equity Partners, ABCDE Capital, and individual investors Andrew Kang, Fiskantes, The Crypto Dog, Altcoin Sherpa, Dovey Wan, icebergy, and domo.
About Botanix Labs
Botanix Labs is a fully decentralized Bitcoin Layer 2 solution that leverages Bitcoin’s security and decentralization for dApp development. By combining the versatility of the Ethereum Virtual Machine with the robustness of Bitcoin, it introduces a Proof of Stake consensus layer on top of Bitcoin’s Proof of Work, using Bitcoin for collateralization via decentralized multi-signature wallets in the Spiderchain network, thereby enhancing security and decentralization.
12.Ambient Network
Ambient Network raised $2 million in seed funding from investors including Borderless Capital*, Solana Ventures, Sonic Boom Ventures, and Primal Capital.
About Ambient Network
Ambient Network is a Solana-based decentralized physical infrastructure network (DePIN) focused on collecting environmental data. It acquired the PlanetWatch network previously based on Algorand and plans to migrate to Solana while launching its own token.
13.Electron Labs
Electron Labs has raised $1 million in seed funding from investors including LambdaClass, Zephyrus Capital, Blue7, Interop Ventures, FounderHeads VC, Router Protocol, and individual investors Aniket Jindal, Sandeep Nailwal, Anurag Arjun, Ajit Tripathi, Martin Köppelmann, and Jaynti Kanani.
About Electron Labs
Electron Labs is a universal ZK (zero-knowledge) proof aggregation layer based on Ethereum, which uses light clients and zero-knowledge proofs to maintain decentralization. By using UPA (Universal Proof Aggregator), Electron Labs integrates proofs from multiple sources into a single super proof, effectively reducing the cost of each use case.
14.DwellFi
DwellFi raised $3 million in a seed round of funding from investors including E1 Ventures, Stanford Blockchain Club, Hustle Fund, Blockchain Coinvestors, and Fortified Ventures.
About DwellFi
DwellFi is transforming the asset management industry through cutting-edge AI, blockchain and tokenization technologies. With a SOC-2, Type 1 SaaS platform, DwellFi serves a wide range of clients, including private equity/real estate/venture capital funds, hedge funds and limited partners (LPs), providing advanced analytical capabilities and dynamic NFT tokenization to enhance the liquidity and efficiency of asset management.
Other financing rounds
15. UXUY
UXUY raised $7 million in Series A funding from investors including Binance Labs Fund, UTXO Management, JDI Ventures, Bixin Ventures, SWC Global, Matrix Partners, Coin Merge Strategy (CMS), Dewhales Capital, Comma3 Ventures, SatoshiLabs, YBB Foundation, Genesis Block Ventures Capital (GBV), Web3Vision, Pentos Ventures, NGC Ventures (NEO Global Capital), Metalpha, and GSR Markets LTD.
About UXUY
UXUY is a cross-chain liquidity aggregation protocol and a next-generation decentralized trading platform based on MPC, which enables seamless exchange of tokens between multiple chains. The platform provides customizable components that can be easily integrated into DApps, allowing developers to focus on building without worrying about integrating different bridges and DEXs. UXUY aims to provide a comprehensive stablecoin liquidity pool and a CEX-like user experience, while supporting mainstream public chains and actively participating in the construction of the "Unclaimed" ecosystem.
16.Zeal
Zeal raised $2 million in a funding round led by Gnosis DAO.
About Zeal
Zeal is a self-hosted crypto wallet designed for seamless management of Web3 assets in EVM networks and applications. With powerful security features, including security checks and privacy protection, Zeal ensures user safety by providing transaction previews and preventing blockchain nodes from tracking user information. Users can easily track tokens, DeFi positions, and NFTs, integrating these features into a secure, unified platform.
17. Arcium
Arcium (formerly Elusiv) has raised $5.5 million in a strategic funding round from investors including Greenfield Capital*, Coinbase Ventures, Heartcore Capital, LongHash Ventures, L2 Iterative Ventures (L2IV), Staking Facilities, Smape Capital, Everstake, and individual investors Anatoly Yakovenko, Keone Hon, Tristan Frizza, and Austin Federa.
About Arcium
Arcium is a decentralized confidential computing network that enables developers and applications to securely access high-performance computing power to perform sensitive data tasks. By leveraging a distributed architecture and multi-party computation (MPC), Arcium processes encrypted data on multiple nodes without exposing the complete data set, thereby ensuring the integrity and confidentiality of the data. Arcium is orchestrated on the Solana blockchain, provides flexible configuration options, and seamlessly integrates with existing blockchain technologies, bringing a revolution in data utilization to industries that rely on privacy and security, such as blockchain, healthcare, and artificial intelligence.
18.BitSmiley
BitSmiley raises $10 million in public sale funding round.
About BitSmiley
BitSmiley is a protocol within the Bitcoin blockchain that features a decentralized stablecoin, a trustless lending platform, and a derivatives protocol based on the Fintegra framework. Its flagship product, bitUSD, is an over-collateralized stablecoin based on BTC that aims to promote value stability and transparency on the Bitcoin blockchain. bitSmiley's broader ecosystem includes bitLending for peer-to-peer lending, as well as a credit default swap (CDS) component to redefine financial derivatives in the Bitcoin DeFi space.
19.Owlto Finance
Owlto Finance raised $8 million in a strategic financing round from investors including Bixin Ventures*, CE Innovation Capital*, Presto Labs, Hailstone Labs, Skyland Ventures, Blocore, SNZ Holding, Kroma, Coinseeker, Stratified Capital, x21 Digital, Maxx Capital Official, Incubate Fund, GSR Markets LTD, ChainCatcher, Coinvestor Ventures, Alpha Capital, and Open Market Group (OMG).
About Owlto Finance
Owlto Finance is a universal cross-Rollup bridge solution that facilitates seamless asset transfers between different blockchains without the need for intermediary assets, ensuring fast, reliable and cost-effective transactions while maintaining the security and integrity of the original assets. Its decentralized Maker system, future upgrade plans and wide compatibility enhance transparency, security and user experience, making Owlto a versatile and essential tool in the Ethereum ecosystem for DeFi, NFT markets, DEX, cross-chain transfers, games and the Metaverse.
20. Introduction to NuLink
NuLink raised $1.6 million in a strategic funding round from investors including DWF Ventures*, Poolz Finance*, ViaBTC Capital*, Coinvestor, Alpha Capital, Moonstarter, and Aza Ventures.
About NuLink
NuLink is a decentralized ZK-provable data privacy solution designed for DApps, providing APIs that enable developers to easily implement best security and privacy practices. By providing endpoint encryption and encrypted access control, NuLink empowers developers, startups, and enterprises to build applications within the web3 ecosystem that prioritize user privacy.
21.Telos
Telos raised $1 million from Presto Labs in a funding round.
About Telos
Telos is a decentralized blockchain ecosystem that provides high-performance scalability and privacy features through its Layer 0 network. This ecosystem includes Telos EVM (Ethereum Virtual Machine), one of the fastest EVMs in the world, and Telos Zero, a high-speed native consensus layer that facilitates the development of hardware-accelerated zkEVM Layer 2 on Ethereum. Telos has a unique governance mechanism and Delegated Proof-of-Stake consensus algorithm, which enables it to achieve NFT compatibility, smart contract programmability, and efficient transaction speed.
22.CityPay
CityPay received an undisclosed amount of funding from Tether in the funding round.
About CityPay
CityPay is a digital currency payment solution that enables businesses to accept cryptocurrency payments. CityPay offers multiple payment channels, including web, email, and POS terminals, providing businesses with a convenient and customizable platform to receive cryptocurrency payments.
23. Galaxy
Galaxis raised $10 million in the funding round from Chainlink, Ethereum Name Services (ENS), Rarestone Capital, Taisu Ventures, Kapo Capital, and Moonrock Capital.
About Galaxis
Galaxis is a Singapore-based post-hype NFT utility platform that provides creators with a code-free toolkit to launch decentralized communities and NFT collections. With a focus on simplicity and a user-friendly interface, Galaxis enables creators to deploy NFTs with utility value and facilitates secure interaction and value exchange among community members.
24.DeepLink
DeepLink received an undisclosed amount of funding from Waterdrip Capital in the funding round.
About DwellFi
DwellFi is a Web3 cloud gaming platform that uses remote control tools as the entry point and integrates AI, blockchain and streaming technologies to solve trust issues. Through blockchain technology, it enables global players to seamlessly share or rent personal gaming PCs, ensuring accessibility and reliability between different locations.
25.Blade of God X
Blade of God X (developed by Void Labs) raised an undisclosed amount in funding from Delphi Ventures, OKX Ventures (formerly OKEx Blockdream Ventures), Yield Guild Games (YGG), LongHash Ventures, Newman Capital, BreederDAO, Eden Holdings (ED3N Ventures), King River Capital, Gabby Dizon, 071labs (Zero Seven One Labs).
About Blade of God X
Blade of God X is a dark Nordic action role-playing game developed by Void Labs. It is also the official sequel to the Blade of God series, immersing players in a world of myth and redemption. Through cross-platform play, intuitive AI training and a community of 6 million loyal fans, it provides players with an immersive experience on PC and mobile platforms.
26. Lava Network
Lava Network raised $11 million in a strategic funding round from Animoca Brands, Gate Ventures, Coingecko, Manifold, Crypto Times, Megala Ventures, Sandeep Nailwal, Lark Davis, Ash Crypto, Coin Academy.
About Lava Network
Lava Network is a modular data access layer for blockchains that seamlessly integrates new chains and data services by introducing specifications as modular primitives. It operates as a dynamic market where data consumers send requests to node operators, incentivized by speed, uptime, and data accuracy, to provide reliable services while ensuring data quality through fraud and fault detection checks.
27.SlingShot DAO
SlingShot DAO raises $3 million from Alphabit in funding round
About SlingShot DAO
SlingShot DAO is a community-driven platform where members collaborate to turn ideas into gaming experiences through the SlingShot app. It champions inclusivity and rewards individual contributions, aiming to curate and launch the world's next big gaming ideas. Focused on community-first values and an action-oriented approach, SlingShot DAO strives to build a new playing field in the gaming industry while celebrating diversity and integrity.
28.mint fun
Mint Fun received an undisclosed amount of funding from Zora in an acquisition financing round.
Introduction of mint fun
Mint Fun is a platform developed by the Context team as an NFT casting aggregator that simplifies the process of discovering and participating in NFT casting projects. It ranks ongoing casting projects based on popularity, providing users with a centralized hub to explore and participate in various NFT products without having to search on multiple platforms.
29.Hemera
Hemera raised $2.6 million in the funding round from Lingfeng Innovation Fund (LIF), Nomad Capital, SNZ Holding, and Chainlink.
About Hemera
Hemera Protocol is an account-centric decentralized indexing network within Web3 that provides public data infrastructure to enhance the capabilities of the data network. It serves a wide range of use cases from blockchain browsers to social graphs, using its modular architecture and high scalability to solve fragmentation problems and promote interoperability of Web3.
30.MetaPhone
MetaPhone raised $1 million from JDI Ventures in a funding round.
MetaPhone Introduction
MetaPhone is a pioneering DePIN project on the TON blockchain that provides a Web3 native smartphone experience to foster a comprehensive TON ecosystem. MetaPhone integrates top hardware, dApp store, and TON wallet, seamlessly connecting millions of users, enabling users to easily access popular TON applications while earning rewards in a decentralized marketing network.
Source: Crypto Fundraising, Golden Finance
