Weekly Financing Express | 24 projects received investment, with a total disclosed financing amount of approximately $240 million (7.17-7.23)
According to incomplete statistics from Odaily, a total of 24 domestic and overseas blockchain financing events were announced from July 17th to July 23rd, an increase from last week’s data (17 cases). The total disclosed financing amount was approximately US$240 million. That’s up sharply from last week’s figure ($120 million).
Last week, the project that received the largest amount of investment was the Metaverse infrastructure company Futureverse ($54 million); in addition, the zero-knowledge proof infrastructure company RISC Zero attracted a certain amount of attention with its eye-catching lineup of investors.
The following are specific financing events (Note: 1. Sorted according to the announced amount; 2. Excludes fund raising and mergers and acquisitions; 3. *Represents companies in the traditional field where some of the business involves blockchain):
Futureverse completes US$54 million in Series A financing, led by 10 T Holdings
On July 18, Metaverse infrastructure company Futureverse completed a $54 million Series A round of financing. This round of financing was led by 10 T Holdings. Other investors include Ripple Labs Inc. Futureverse co-founders Aaron McDonald and Shara Senderoff.
Futureverse is made up of 11 different startups from fields such as blockchain, artificial intelligence, virtual universes and gaming.
RISC Zero completes US$40 million in Series A financing, led by Blockchain Capital
On July 19, zero-knowledge proof infrastructure company RISC Zero completed a $40 million Series A financing, led by Blockchain Capital, with participation from Galaxy Digital, IOSG Ventures, RockawayX, Maven 11, Fenbushi Capital, Delphi Digital, Algaé Ventures, IOBC, TributeLabs ZeroDao, and Alchemy cast. The funding will help RISC Zero bring its Bonsai computing platform to market.
Cosmic Wire raises $30 million in seed round led by Solana Fund and Polygon
On July 19, blockchain solution technology provider Cosmic Wire completed a $30 million seed round of financing, led by Solana Fund and Polygon. Cosmic Wire will use the funding to develop a more decentralized, transparent and secure digital Web 3 ecosystem designed to give users autonomous control over their personal data and records.
On July 19, Manta Network development team p 0x labs completed a $25 million Series A financing at a valuation of $500 million, with Polychain Capital and Qiming Venture Partners co-leading the investment. The funding will be used to expand Manta Pacific and Manta Atlantic, the team said.
Cymbal completes $18.5 million in financing, with participation from Solana Ventures
On July 22, Cymbal completed $18.5 million in financing, with participation from First Round Capital, Solana Ventures, CAA Connect, Coinbase Ventures, Patron, GV, Acrew, and UTA Ventures.
As previously reported, Cymbal announced the launch of a “human-readable” beta version of the Ethereum blockchain browser. Cymbal’s Ethereum block explorer takes the same type of public chain data as standard browsers and transforms it into a data source that is not only visual, at-a-glance, and easy to understand, but is also social.
NFT marketplace Jungle secures $16 million in funding
On July 21, Jungle, an NFT market that integrates artificial intelligence search tools, received US$16 million in financing. The investor information has not yet been disclosed.
It is reported that the search tool JungleAI is powered by OpenAI and aims to improve and simplify the way traders browse the NFT market and find the next big investment opportunity.
Cross-chain DeFi lending protocol Radiant Capital receives $10 million investment from Binance Labs
On July 20, the cross-chain DeFi lending protocol Radiant Capital received a $10 million investment from Binance Labs. This round of financing will promote further product development, including expanding oracle support, expanding collateral options, and deploying on the Ethereum mainnet.
Superblock, developer of lightweight node protocol Over Protocol, completes $8 million in financing
On July 22, Superblock, the developer of the lightweight node protocol Over Protocol, raised a total of US$8 million after two rounds of financing, with participation from SK, Netmarble, DSC, EInvestment, Schmidt, SpringCamp, and NaverZ.
It is reported that Over Protocol is an L 1 blockchain that provides lightweight full nodes, and Superblock builds various products, tools and dApps on Over Protocol.
Crypto startup Ethena completes $6.5 million in seed round led by Dragonfly
On July 17, crypto startup Ethena completed a $6.5 million seed round, led by Dragonfly and supported by trading platforms such as Deribit, Bybit, OKX, Gemini and Huobi, as well as BitMEX founder Arthur Hayes and his family office.
It is reported that the stablecoin USDe developed by Ethena uses users’ collateral to hedge price risks and maintains its anchor with the US dollar by using perpetual swaps to short Ethereum.
On July 19, crypto miner Argo Blockchain raised £5.7 million ($7.5 million) through the sale of new shares.
The sale included a private placement and a public offer, raising £5.134 million and £616,000 respectively, the company said on Wednesday. The funds will be used to reduce the companys outstanding debt.
The number of shares sold represents approximately 12% of the companys pre-sale market capitalization, and they are priced at a discount of approximately 14% to the 30-day volume-weighted average price (VWAP) of Argo stock.
Web 3 mobile game publisher Hexacore raises $3.5 million in funding led by Scalo Technologies
On July 18, Web 3 mobile game publisher Hexacore completed US$3.5 million in financing, led by Scalo Technologies and participated by Xsolla and Estoty.
Hexacores previous major game releases include Sushi Roll, Blend It 3 D, and Merge Animals.
On July 20, according to official news, Web 3 game developer Eyeball Games announced the completion of a $1.5 million Pre-Seed round of financing, led by White Star Capital, with participation from Polygon Ventures, Immutable, Oular, Great South Gate Ventures and several angel investors. .
The new financing will be used to develop the NFT-based blockchain table tennis game Eyeball Pool. This game will initially be released on the Immutable zkEVM chain, and will be expanded to more blockchains in the future, and is planned to be launched on the mobile terminal in the first quarter of 2024. . Additionally, Eyeball Games will launch an NFT pass for early adopters.
On July 21, Side Labs, the parent company of Side Protocol, the Cosmos ecological interoperable financial protocol, completed a pre-seed round of financing of US$1.5 million. This round of financing was funded by Hashkey Capital, KR 1, Continue Capital, Symbolic Capital, Informal Systems, Dora Ventures, Charles Lu, Harry Halpin, Eric Chen, Mirza Uddin, Siddhartha Dutta and Vincent Niu participated.
The new funds will be used to expand its team and ensure compliance with legal and compliance standards, while building a mesh liquidity network that aims to eliminate bridges and intermediary tokens for cross-chain asset exchange through a network of liquidity centers.
Tromero raises US$1.5 million to provide low-cost AI training computing power through proof of work
On July 18, Tromero completed US$1.5 million in financing to build a machine learning managed service through proof-of-work to provide low-cost AI training computing power to companies such as AWS, Azure and Google Cloud.
On July 20, the on-chain whale tracking tool Interface announced the completion of a US$1.4 million seed round of financing, led by Polymorphic Capital and Mask Network, Seed Club, Caballeros Capital, Safe Ecosystem Foundation, as well as Blake Gao, Anton Bukov, Sergej Kunz, Arthaud Mesnard , Andrey Scherbovich, Will Papper and other angel investors participated in the investment.
On July 20, the Web 3.0 insurance + options derivatives project Marquee announced the completion of a seed round of financing of US$1 million, jointly invested by Waterdrip Capital, Chain Capital, Bitrise Capital, ZC Capital, Coinw Ventures and other institutions.
Marquee is a Web 3.0 insurance + options derivatives project. Users can purchase token price insurance or smart contract insurance to hedge against digital asset price fluctuations or security vulnerability risks. Users can also become insurance underwriters and gain multiple benefits.
On July 21, DAO registration service provider MIDAO completed US$1 million in financing, with participation from The LegalTech Fund, FJ Labs, and angel investor Balaji Srinivasan, former chief technology officer of Coinbase.
The new financing will be used to enhance MIDAOs core products, provide legal recognition for Web 3 projects and DAOs and help ensure liability protection for contributors, expand its global partner network of Web 3 lawyers and professional service providers, and expand MIDAOs global reach.
The new funding will also support MIDAOs expansion plans, including strengthening its sales and marketing efforts, continuing to create pro-Web 3 legislation, talent acquisition and strategic partnerships to increase market share and enhance customer support.
NFT liquidity solution platform Ra 1 se completes seed round financing
On July 21, according to official news, the NFT liquidity solution platform Ra 1 se has received seed round financing from North American mining companies. Ra 1 se utilizes multi-chain compatibility to convert illiquid NFTs into highly liquid blue-chip NFTs through complex algorithms. It is reported that the Ra 1 se platform will launch a beta version in early August and launch a series of user incentive activities 100 E Subsidy.
On July 21, the hybrid trading platform OpenEx completed Pre-A round of financing at a valuation of US$50 million. The specific financing amount was not disclosed. C² Ventures, Agallochum Capital and others participated in the investment. The founders and managing directors of Galxe and Fenbushi Capital acted in their personal capacity. Participate in investment. The new financing will be used to improve the DApp trading experience and develop new financial products.
It is reported that OpenEx is a hybrid trading platform integrating CEX and DEX. It has been online for nearly three months and has a daily trading volume of approximately US$100 million.
On July 21, Web 3 operating protocol dappOS announced the completion of a seed round of financing at a valuation of US$50 million, led by IDG Capital and Sequoia China, OKX Ventures, HashKey Capital, KuCoin Ventures, TronDao, Gate Labs, Taihill Ventures, Symbolic Capital, Foresight Ventures, BlueRun Ventures, Mirana Ventures, Leland Ventures and others participated in the investment.
The new financing will be used to develop and optimize dappOS V2. In the coming weeks, dappOS plans to officially launch dappOS V 2, which will bring the first public version of dappOS, providing unified accounts with high security, decentralization and a premium user experience.
Cypher Capital strategically invests in modular DEX infrastructure Native
On July 20, modular DEX infrastructure Native reached a partnership with Web 3 venture capital fund Cypher Capital and signed a financing agreement. The specific amount has not yet been disclosed.
The two parties will focus on expanding into the Middle East and North Africa market and help enterprises and developers leverage Natives financial infrastructure infrastructure layer to quickly build applications into DEX.
On July 19, Authic Labs, a code-free NFT market powered by Web 3 technology, announced the completion of a seed round of financing, with participation from Angelwise, Rockstart, Graduate Entrepreneur Fund, SeedBlink, etc. The specific amount has not yet been disclosed. The funds from this round of financing will be used to expand its market coverage and support the development of new products and services.
Web 3 gaming company Ambrus Studio secures investment from Goodwater Capital and Axia 8 Ventures
On July 18, Ambrus Studio, a Web 3 game company founded by Johnson, the former Asia Pacific CEO of Riot Games, has opened a new round of financing. Spartan Group is the leading investor in this round of financing, and Axia 8 Ventures also participated in this round of financing. The round also brought in new strategic investor GoodWater Capital. The valuation and amount of this round of financing have not been disclosed. The new funds will be used to continue development.
