One-week financing express | 21 projects have been invested; the total disclosed financing is about 150 million US dollars (3.27-4.2)
According to Odaily’s incomplete statistics, a total of 21 blockchain financing incidents at home and abroad were announced from March 27 to April 2, which is a certain decrease compared with last week’s data. There has been a substantial decline.
Judging from the amount of financing disclosed last week, there are no projects that have received hundreds of millions of dollars in financing, but there are also some projects that have received large-scale financing, such as the Ethereum re-pledging agreement EigenLayer ($50 million), an encryption protocol focused on artificial intelligence Fetch.ai ($40M) and NFT marketplace and aggregator AlienSwap ($10M).
The following are specific financing events (Note: 1. Ranked according to the announced amount; 2. Excluding fundraising and mergers and acquisitions; 3. * is a "traditional" company whose business involves blockchain):
The following are specific financing events (Note: 1. Ranked according to the announced amount; 2. Excluding fundraising and mergers and acquisitions; 3. * is a "traditional" company whose business involves blockchain):
Re-hypothecation Protocol EigenLayer Completes $50M Series A Funding Led by Blockchain Capital
On March 28, EigenLayer, the Ethereum re-pledging protocol, completed a $50 million Series A round of financing led by Blockchain Capital, with participation from Coinbase Ventures, Polychain Capital, Bixin Ventures, Hack VC, Electric Capital, and IOSG Ventures. Previously, EigenLayer had completed a $14.5 million seed round led by Polychain Capital and Ethereal Ventures.
EigenLabs, the development company behind EigenLayer, was founded in 2021 by Sreeram Kannan, an assistant professor at the University of Washington in Seattle. The company says it enables users to re-stake their ETH and innovate at the consensus layer without launching an entirely new blockchain. EigenLabs plans to roll out the initial release of EigenLayer in phases over the remainder of the year. (The Block)
DWF Labs invests $40 million in AI-focused encryption protocol Fetch.ai
On March 29, Fetch.ai, an encryption protocol focused on artificial intelligence, received a $40 million investment from DWF Labs. The new funds will be used to deploy decentralized machine learning, autonomous agents, and network infrastructure on its platform. Fetch.ai aims to provide developers with the tools to deploy and monetize their applications by providing an autonomous machine-to-machine ecosystem.
It is reported that this is the sixth investment completed by DWF Labs this month. (CoinDesk)
NFT market and aggregator AlienSwap may complete a new round of financing exceeding US$10 million
On March 31, AlienSwap Founder YingMu and Arpa founder Felix Xu revealed on Twitter that the NFT market and aggregator AlienSwap may complete a new round of financing of over US$10 million.
Crypto infrastructure startup Conduit completes $7 million seed round led by Paradigm
On March 28, Conduit, an encryption infrastructure startup, completed a $7 million seed round of financing, led by Paradigm.
Conduit's first product was created with Optimism (OP), Conduit provides managed services to help developers easily and quickly deploy their applications to Optimism. (CoinDesk)
Startup Econia Labs closes $6.5 million seed round led by Dragonfly
On March 29, Econia Labs, a start-up company that develops an order book protocol for the Aptos blockchain, announced the completion of a $6.5 million seed round of financing, led by Dragonfly, with participation from Lightspeed Faction, Wintermute Ventures, Hudson River Trading, Aptos Labs, and Flow Traders , the new funds will be used to expand its team, support community initiatives such as hackathons and grant programs, and help developers join the Aptos and Econia ecosystems.
It is reported that Econia Labs has worked with the Aptos team to jointly build a back-end protocol as the base layer for decentralized finance (DeFi) projects on Aptos, which provides order books, which is an integral part of traditional finance and centralized cryptocurrency exchanges. , allowing traders to buy and sell assets at the price they want, or just accept the best price the market has to offer. Econia brings order books on-chain in a transparent, permissionless manner and enables integration with DeFi applications that offer a range of trading options such as spot trading or leveraged derivatives.
*Collaborative AI company FedML closes $6 million in funding, led by Camford Capital
On March 29, collaborative AI company FedML announced the completion of a $6 million seed and pre-seed round of financing, led by Camford Capital, with participation from Plug and Play Ventures, AimTop Ventures, Acequia Capital, LDV Partners and other undisclosed investors .
The distributed MLOps platform launched by FedML supports the sharing of data, models, and computing resources in a manner that protects data privacy and security. Currently, 10 enterprise contracts have been signed, covering Web3 applications and more. (Finsmes)
On March 29, music NFT trading platform and all-in-one application Muverse announced the completion of a $6 million seed round of financing, with participation from Syndicate Capital, Knights Templar Capital, Zonff Partners, AvatarDAO, Sun Artland Ltd, etc.
The financing funds will be used to expand the platform's functions and services, accelerate user acquisition and improve user experience. Muverse is developing its second phase of products, which will include a music NFT exchange, NFT fragmentation capabilities, and an AMM pool for its F-NFT/MCT transactions. (EIN Presswire)
DWF Labs Invests $5M in Blockchain Customer Rewards Platform apM Coin
On March 30, blockchain customer rewards platform apM Coin Project announced a $5 million investment from DWF Labs and an optional partnership contract worth $1.5 million. Through this partnership, the two companies plan to drive the expansion of the Web3 ecosystem. Through this investment and cooperation, apM Coin plans to develop and expand the apM Coin Project's inter-chain payment solution.
DeFi derivatives protocol Cega completes $5 million in financing, led by Dragonfly Capital
On March 28, Cega, the Solana ecological DeFi derivatives agreement, completed a $5 million seed expansion round of financing, led by Dragonfly Capital, with participation from Pantera Capital and Robot Ventures. Cega's total funding to date brings it to $9.3 million.
The new funds will be used to expand its protocol on ethereum, with new products such as leveraged options set to launch on ethereum next week. Cega is also planning to launch a new market-making entity, Tras Mobian, next week, which will focus on both common and exotic cryptocurrency derivatives. (The Block)
According to previous reports, in March 2022, Cega completed a US$4.3 million seed round of financing at a valuation of US$60 million. Dragonfly Capital Partners led the investment, and Pantera Capital, Coinbase Ventures, Alameda Research, Solana Ventures and others participated.
DeFi lending protocol Granary Finance completes over $5 million in financing
On April 1, Granary Finance, a DeFi lending agreement, announced that it has completed a financing of over US$5 million through community fundraising. It is reported that the US dollar stablecoin USDC was used for this financing. The new funds will be used for the development of Granary V2 and the upcoming Granary governance token Related support work to provide frictionless lending experience for Web3 financial users. (blockworks)
Blockchain claims platform Vitraya raises $5 million led by StartupXSeed
On March 29, Vitraya Technologies, the development company behind the blockchain claims platform Vitraya, announced the completion of a new round of financing of US$5 million, led by B2B venture capital fund StartupXSeed, with participation from Season Two Ventures, Cactus, Xceedance and the Mankind Pharma family office .
It is reported that the Vitraya platform uses blockchain and artificial intelligence technology to ensure the absolute security of hospital, patient and policy data. The platform protects all endpoints of data in the private blocks involved and helps participating parties to interact safely and worry-free. .
On March 28, SO-COL, a Web3 social platform, completed two rounds of financing of US$4.5 million. The latest round of financing of US$1.5 million was only supported by DWF Labs; last May, it completed a financing of US$3 million at a valuation of US$100 million. Blockchain Capital led the round. SO-COL's total funding brings to $6.25 million. (The Block)
According to previous reports, in February 2022, SO-COL, founded by Irene Zhao, announced the completion of a US$1.75 million seed round of financing, led by Animoca Brands and DeFiance Capital, Mechanism Capital, Global Founders Capital, Double Peak Group, Antifund, Genblock Capital and Kronos Research participated.
On March 28, Metaverse construction company LandVault completed a US$3 million Series B extension round of financing, with participation from The Sandbox, Gemini Frontier Fund, HodlCo and hedge fund Kingsway Capital.
The round is in addition to the $37 million the company has raised to date to build out Metaverse infrastructure and gaming technology. It first announced a $25 million Series B round in November 2021. (The Block)
Music NFT project Daniel Allan Entertainment completes $1 million seed round, led by Coop Records
On March 30th, music producer and Web3 enthusiast Daniel Allan recently announced that his music NFT project Daniel Allan Entertainment completed a $1 million seed round of financing, led by Coop Records, Palm Tree Crew Crypto, Noise DAO, Woodstock DAO, Fire Eyes The DAO and angel investors Adam Kornfield, Ante Hoathe, Degen Davinci, Ash Egan, Nic Carter, George Lambeth, Kyle Samani, Shayon Sengupta, Jacob Horne, Adam Levy, Jason Meinzer participated.
Daniel Allan said that he minted the first music NFT in April 2021, and in the past year and a half, the total income of his NFT's primary sales was 228 ETH, and the total income of secondary sales was 105 ETH.
Sui Decentralized Exchange Platform Turbos Finance Receives Investment from Jump Crypto
On March 29, Turbos Finance, Sui’s ecological decentralized trading platform, announced that it has received investment from Jump Crypto. As an investment and trading institution in the Web3 field, Jump Crypto has been working with strategic partners to support Turbos Finance in building a non-custodial DEX on Sui.
DeFi Project Davos Protocol Receives Investment from LD Capital
On March 28, the DeFi project Davos Protocol announced on Twitter that it has received investment from LD Capital. LD Capital said in this regard: "This is a cutting-edge project that combines DeFi with breakthrough technologies and models to meet market challenges and solve practical problems."
According to the official website, Davos Protocol utilizes liquidity staking and over-collateralization to ensure stability, and is committed to solving the problem of locked-up liquidity in a sustainable manner. Its monetary policy regulates the price stability of the stable asset DAVOS, and rewards liquidity providers with a stable rate of return and a fair income distribution system.
Davos Protocol accepts native cryptocurrencies from multiple PoS networks as collateral to borrow the DAVOS stable asset. The protocol runs a variety of low-risk strategies that generate yields from collateralized assets and redistribute them to DAVOS stakers and DEX liquidity providers.
On January 18th, Davos announced the completion of a $500,000 Pre seed round of financing, with Polygon Ventures and Polygon co-founder Sandeep Nailwal participating. Davos is building an ecosystem that includes stable currency assets, liquid pledges, and mortgage lending, and at the same time introducing a new stable encrypted asset mortgage lending and pledge solution based on liquid pledge Token ankrMATIC. The project will launch the stable asset DAVOS to achieve cross-chain operability, and release pledged asset liquidity through integration into other protocols, mining pools and DEX.
On March 28, FiNANCiE, a blockchain token issuance crowdfunding service platform, announced the completion of a new round of financing. Retail and financial company Marui Group participated in the investment, but the specific financing amount has not yet been disclosed. According to Hirohisa Kunimitsu, CEO of Financier, in the future, its platform will seek to launch FNCT-centric encrypted assets, tokens and NFT fintech initiatives to promote and support the creator economy. (ourbitcoinnews)
On March 28, Orderly Network, a decentralized infrastructure protocol, announced that it has received a strategic round of investment from CoinDCX Ventures in India, with an unknown amount. However, its chief operating officer, Arjun Arora, said the funding came through a Simple Agreement for Future Tokens (SAFT) at a valuation of $200 million.
Last November, Laser Digital, the crypto subsidiary of banking giant Nomura, announced an investment in Orderly Network at a $200 million valuation.
Orderly Network was incubated by Near and Woo Network in 2021, mainly to provide infrastructure for spot order book transactions, and the main network was launched in October last year. (The Block)
Customizable blockchain infrastructure NULS receives strategic investment from DWF Labs
On March 29, according to official news, NULS, a customizable blockchain infrastructure, announced that it has received strategic investment from DWF Labs and established a strategic partnership with DWF Labs to promote the development of NULS ecological projects.
NULS stated that it has recently launched the ENULS blockchain that is fully compatible with EVM to support developers to develop projects in the NULS ecosystem more conveniently.
Indonesian encryption exchange Mobee completed a new round of financing, led by 1982 Ventures
On March 30, Mobee, an Indonesian cryptocurrency exchange, completed a new round of financing. The specific amount was not disclosed. 1982 Ventures led the investment, and several Indonesian family offices and individual investors participated in the investment. The funds raised will be used to expand the business, launch new products, and hire more veterans from the financial services and digital asset industries. (Tech in Asia)
Junggl Media Closes New Funding Round, Northbrook Capital Start-up Fund Invests
On March 29th, Web3 startup Junggl Media completed a new round of financing, and Northbrook Capital Start-up Fund invested. The specific financing amount has not yet been announced. The new funds will be used to continue to expand its digital financial media, encrypted Web3 and AI. Products, providing media companies with more comprehensive innovative solutions. (newsanyway)
