Compiled by: Mars Finance

According to Mars Finance statistics

From June 1 to June 7,

There were 19 investment and financing events in the crypto market: 11 in the infrastructure field, 2 in the asset management field, 4 in the blockchain game and NFT field, and 2 in the Web3 field. The total amount of investment and financing disclosed was approximately US$214 million.

Millions of dollars of financing: 6 deals, including Avail, io.net, Bain Capital, Sandbox, GoPlus, Tether

The most active institutions this week are: Founders Fund, Mask Network, and Polychain Capital.

 

infrastructure

Modular blockchain project Nubit completes $8 million seed round of financing, led by Polychain Capital

Modular blockchain project Nubit announced on the X platform that it has successfully raised $8 million in a seed round of financing. This round of financing was led by Polychain Capital. Other institutional investors include Nomad Capital, Spartan Group, L2IV, Big Brain Holdings, GCR, Protagonist, Gate Ventures, Animoca and Mask Network. So far, Nubit’s total financing amount has reached 12 million US dollars.

Stablecoin protocol M^0 completes $35 million Series A financing, led by Bain Capital

Stablecoin protocol M^0 completed a US$35 million Series A financing round led by Bain Capital, with participation from Galaxy Ventures, Wintermute Ventures and GSR.

Mountain Protocol, the issuer of yield-based stablecoins, completes $8 million Series A financing, led by Multicoin Capital

Mountain Protocol, an issuer of yield-based stablecoins, announced the completion of an $8 million Series A funding round led by Multicoin Capital, with participation from Castle Island Ventures, Coinbase Ventures and other investors. Mountain Protocol is the issuer of USDM, a yield-based stablecoin “fully backed by U.S. Treasuries.”

Skyland Ventures Announces Investment in Bitcoin L2 Network Bitlayer

Japanese venture capital firm Skyland Ventures announced its investment in Bitcoin's native L2 network Bitlayer. (Prtimes) Earlier in March, Bitlayer announced the completion of a $5 million seed round of financing, led by Framework Ventures and ABCDE Capital, with participation from StarkWare, OKX Ventures, Alliance DAO, UTXO Management, Asymmetric Capital, Kenetic Capital, Pivot Global, Web3Port, Mindfulness Capital, C6E Capital, PAKA, Comma3 Capital and Kronos Ventures, as well as angel investors including Asymmetric Capital founder Dan Held, Messari CEO Ryan Selkis and co-founder Dan McArdle, and Sky Mavis CTO Andy.

Japanese venture capital firm Skyland Ventures announces investment in Bitlayer

Japanese venture capital firm Skyland Ventures announced its investment in Bitlayer, a native second-layer network of Bitcoin. Regarding this cooperation, Yuan Xiaohang, general partner and CSO of Skyland Ventures, said that he believed that Bitlayer's advanced technology and EVM compatibility would open up new possibilities for developers and users. Charlie Hu, co-founder of Bitlayer, said that Skyland Ventures participated in the project's Series A financing, and the two parties will establish a strategic partnership to jointly build the Japanese Bitcoin ecosystem and developer community.

Glacier Network Completes $8 Million Financing with a $100 Million Valuation, Mask Network and Others Participate

Glacier Network, a data-centric blockchain network, announced that it has completed $8 million in angel and seed rounds of financing with a valuation of $100 million. ForesightX, UOB Venture Management, Laser Digital, Kucoin Ventures, Signum Capital, Cogitent Ventures, Gate Labs, Candaq Fintech Group, Open Digital Infrastructure Group, Mask Network, Dewhales Captial, DCI Capital, Polkastarter, Founderheads VC, Contribution Capital and Aza ventures participated in the investment.

Cookie3 Completes $5.5 Million Funding and Will Launch COOKIE Token on June 13

According to official news, MarketingFi and AI data layer Cookie3 announced the completion of $5.5 million in financing, including $3.3 million in seed and strategic rounds. Cookie3 raised $500,000 in seed and $2.8 million in strategic rounds, respectively. Investors in seed round COOKIE tokens include The Spartan Group, Baboon VC, GSR, Hartmann Capital and Poolside.

Blockchain expansion service provider Avail completes $43 million Series A financing, led by Founders Fund and others

Avail, a blockchain expansion service provider, announced the completion of a $43 million Series A financing round, led by Founders Fund, Dragonfly and Cyber​​ Fund. The company’s total financing has reached $75 million so far. Avail’s customers are Layer-2, that is, blockchains like Base, Polygon, Arbritrum or Opitmism, helping L2 to batch assemble and write transactions to the main chain or Layer-1 chain.

io.net has raised $40 million in two rounds of private placements, with a latest valuation of $1 billion

According to a research report released by Binance Research, io.net has raised $40 million through two rounds of private placements, with a latest valuation of $1 billion. The initial token supply distribution of IO is as follows: Early supporters-seed round sales accounted for 20%; Early supporters-Series A round sales accounted for 16.24%; Initial core contributors accounted for 18.14%; R&D and ecosystem accounted for 25.61%; Community accounted for 16%; Binance Launchpool accounted for 4%.

Asset Management:

Blockchain payment solution SmartLoC completes €180 million funding

SmartLoC, a blockchain and AI-based B2B payment solution, announced the completion of a €180 million financing round, led by High-Tech Gründerfonds (HTGF), with participation from Loggerhead -Ventures, MBG Mittelständische Beteiligungsgesellschaft Schleswig-Holstein mbH and several angel investors. SmartLoC focuses on optimizing the way companies conduct financial transactions globally using technologies such as the Internet of Things, blockchain and artificial intelligence, and the new funds will accelerate its go-to-market strategy.

Tether invests $18.75 million in cryptocurrency exchange XREX

Tether announced an investment of $18.75 million in cryptocurrency exchange XREX Group. XREX said that with the new funds, the company plans to use USDT to further promote cross-border business-to-business payments in emerging markets. The company also intends to work with Tether to develop regulatory technology tools to detect and prevent the illegal use of stablecoins.

Blockchain Games and NFTs

Sandbox Completes $20 Million in Financing, Led by Kingsway Capital

The Sandbox, a user-generated content metaverse platform, has raised $20 million in convertible debt, led by Kingsway Capital and Animoca Brands, with participation from LG Tech Ventures and True Global Ventures, at a valuation of $1 billion. The noteholders can convert it into equity in Bacasable Global Limited on the same terms as existing preferred shares.

5.STEPN developer FSL announces strategic investment in Mythos (MYTH)

Find Satoshi Lab (FSL), the developer of STEPN, announced a strategic investment in Mythos (MYTH) on the X platform. With FSL's experience in developing custom game markets for its own games and other studios, FSL is deeply aware that only real game developers can understand the needs of other game developers. FSL firmly believes that developing one or a few apps to attract attention, acquire users, understand the Go-To-Market strategy, and start the flywheel of the ecosystem will be difficult, but it is the right thing to do. Mythical Games does just that.

Mantle EcoFund Completes $5 Million in New Financing to Accelerate SocialFi and Gaming Project Metadata on Mantle Network

Mantle EcoFund was established in July 2023 through a Mantle Governance vote. It is one of the largest ecosystem funds of its kind, with a catalytic capital pool of $200 million and is operated by Mirana Ventures. The fund has announced the completion of a $5 million financing as part of its second capital raising. It is reported that six SocialFi and game projects in the Mantle ecosystem have received a new round of financing, including: 1. MetaCene, building the next generation blockchain MMOPRG home for players; 2. Blade Games, the first modular ZK on-chain game engine.

AI and blockchain solution Play AI completes $4.3 million financing, with participation from P2 Ventures and others

Play AI, an artificial intelligence and blockchain solutions provider, announced the completion of its first round of financing of US$4.3 million, with participation from P2 Ventures, Jump Crypto, Alphage Ventures and MH Ventures. The investment aims to promote the application of artificial intelligence and blockchain in games and virtual reality. The new funds will be used to develop its AI decentralized technology, while using the blockchain decentralized network to improve transparency and encourage gamers to share data to train AI models.

 

Web3

Web3 network security company GoPlus raises $10 million, with OKX Ventures and others participating

Web3 network security company GoPlus has completed a $10 million financing round, with participation from OKX Ventures, HashKey Capital and Animoca Brands. (CoinDesk)

Digital coupon platform Mezzofy completes $2 million Pre-A round of financing, led by Isola Capital

Hong Kong digital coupon platform Mezzofy announced the completion of US$2 million in Pre-A round of financing, led by IPVF VII, a fund under Isola Capital, and participated by Ooosh Tech Lab and the Hong Kong government-backed Innovation and Technology Venture Fund (ITVF). The company said it will use the funds to support its accelerated launch of Web3 products and plans to use big data, artificial intelligence and blockchain technology to make each digital coupon serialized and traceable.