One-week financing express | 45 projects have been invested; the disclosed total financing is about 669 million US dollars (10.25-10.31)
According to Odaily’s incomplete statistics, a total of 45 domestic and overseas blockchain financing incidents were announced during the week of October 25th to October 31st, and the total disclosed financing amount was about 669 million US dollars, which was a certain decrease compared with last week’s data.
In the past week, there have been two financing cases at the level of hundreds of millions of dollars. The invested projects/companies are the encryption infrastructure company Alchemy ($250 million) and the token financing platform CoinList ($100 million).
In terms of the track, infrastructure projects were particularly favored by investors in the primary market last week. QuickNode, Nameless, and Moralis all completed tens of millions of dollars in financing; the popularity of DeFi is still rising, and most of the investment is concentrated in emerging public chains Ecological projects and various derivative projects; as in the previous few weeks, NFT+ games are still the most popular theme in the current primary market, and this trend is expected to continue in the short term.
The following are the specific financing events (sorted according to the announced amount, * is a "traditional" company whose business involves blockchain):
Alchemy, an encryption infrastructure company, announced the completion of a $250 million Series C round of financing, with a post-money valuation of $3.5 billion. This round of financing was led by a16z, and other information has not been disclosed yet. Alchemy co-founder Joe Lau said the company hadn’t actually used the $80 million in Series B funding it had raised, “because we’re a profitable business.” Alchemy CEO Nikil Viswanathan said: "We power almost all NFT markets, power most DeFi platforms, and power most of the top applications in this space. Partnering with a16z is just another for us. an extension so we can see all the earlier projects implemented.”
It is reported that Alchemy is a company that provides development services for DeFi, NFT and other encryption projects. Alchemy announced at the end of April this year that it completed a $80 million Series B round of financing at a valuation of $505 million. Coatue and Addition led the investment, and DFJ Growth, K5 Global, Chainsmokers (smokers combination), actor Jared Leto and the Glazer family participated in the investment. (CoinDesk)
CoinList Closes $100M Series A Funding Led by Accomplice and Agman
CoinList announced the completion of a $100 million Series A funding round, bringing its valuation to $1.5 billion. The round was led by Accomplice and Agman, with Access Ventures, Alphemy Capital, Broadhaven Ventures, Continue Capital, CMT Digital, DFG, FBG Capital, Fenbushi Capital, Hack VC, HashKey Capital, Jsquare, LD Capital, Metaplanet, Perpetual Value Partners, Rising Tide Fund, Taavet+Sten and others participated in the investment. This round of financing will be used to expand and optimize CoinList’s services and operations, launch new products such as CoinList Karma and CoinList Governance, and continue to look for high-quality new projects in the encryption field.
Voyager Digital, an encrypted asset trading platform, received a strategic investment of US$75 million from Alameda Research. This investment will strengthen the cooperation between the two parties in the field of NFT and encrypted asset derivatives. According to reports, Alameda Research’s daily transaction volume exceeds US$5 billion, involving thousands of products, including all mainstream currencies and altcoins and their derivatives. Alameda has a comprehensive global presence and is able to trade on all major exchanges and markets. Alameda's market-making capabilities and proven market-neutral algorithms are well-suited to become Voyager's core lending partner and will allow Voyager to further expand the reach of its rewards program. (PR Newswire)
Blockchain development platform QuickNode announced the completion of a US$35 million Series A financing, led by Tiger Global, with Alexis Ohanian’s Seven Seven Six, Soma Capital, Arrington XRP Capital, Crossbeam and Anthony Pompliano participating. QuickNode will use the funding from this round to help developers build blockchain applications, expand its product offering and support new blockchains.
GreenPark Sports completes USD 31 million in Series B financing led by Galaxy Interactive and others
Sports social game developer GreenPark Sports completes $31 million in Series B financing, led by existing investors Galaxy Interactive, Sapphire Sport, SignalFire and Advantage, with new investments including Nassef Sawiris' NNS Group, Gaingels, DH.VC and FTX's Alameda Research voters. The new funds will be used to advance the NFT program and Metaverse vision. GreenPark has partnered with the League of Legends Championship Series (LCS), La Liga and the NBA. It is currently working with Immutable to create an NFT marketplace based on the Ethereum blockchain, and the initial sale is expected to go live in a few weeks. (Sports Pro Media)
Cosmos-based DEX Osmosis raises $21M in token sale led by Paradigm
Osmosis, a Cosmos-based decentralized exchange, announced that it raised $21 million through a token sale, led by Paradigm Ventures, with participation from Robot Ventures, Nascent, Ethereal, Figment, and Terraform Labs founder Do Kwon. It is reported that Osmosis is the first Cosmos project invested by Paradigm. Paradigm has previously invested in Ethereum-based projects such as Maker, Synthetic, Uniswap, Optimism, dYdX, and centralized exchanges such as FTX, Coinbase, and BlockFi. (Crypto Briefing)
NFT software company Nameless announced the completion of $15 million financing at a valuation of $75 million, led by Mechanism Capital, Delphi Digital, Velvet Sea Ventures, Red Beard Ventures, Fenbushi Capital, Third Prime, Cultur3 Capital, Flamingo DAO, Michael Rubin, Spartan Group , D64 Ventures, The LAO and Wursta Ventures participated in the investment. Several investors who participated in the seed round of Nameless parent company Nft42 earlier this year also participated in the round, including Sound Ventures and Gary Vaynerchuk’s VaynerFund. Backers of Nft42 include entrepreneur Mark Cuban, Salesforce.com CEO Marc Benioff and talent manager Guy Oseary. The round will allow Nameless to build out its own team for development, marketing and partnerships.
According to reports, Nameless develops API software for the creation, testing and sale of NFTs, making it easier for brands to safely integrate NFTs into their platforms. Nameless' strategic partners and clients include Sotheby's, Snoop Dogg and Gary Vaynerchuk's VeeFriends. (CoinDesk)
Blockchain development platform Moralis completes $13.4 million seed round led by EQT Ventures
Moralis, a Stockholm-based next-generation blockchain development platform, has raised a $13.4 million seed round led by EQT Ventures. Moralis provides a complete end-to-end blockchain application development platform and supports building DApps. Moralis was founded in 2020, and the platform will be officially launched in June 2021. The new funding will be used to hire and advance product development with the vision of helping developers build enterprise-grade blockchain applications quickly, reducing cost and complexity. (Crypto Reporter)
Blockchain data analytics company Elementus raises $12 million led by Velvet Sea Ventures
Elementus, a blockchain data analysis company, completed a $12 million Series A round of financing led by Velvet Sea Ventures, followed by Alameda Research, BlockFi, Pomp Investments, Lightspeed, Gemini Frontier Fund, Blockchain.com and Avon Ventures. The funds will help advance its institutional-grade intelligence platform.
It is reported that Elementus provides blockchain compliance and data analysis solutions for government agencies, financial institutions, researchers and investors. (CoinDesk)
Multi-chain trading network Biconomy raises $11.5M through BICO token sale on CoinList
Multi-chain trading network Biconomy has raised $11.5 million through a public sale of its native token BICO on CoinList. Biconomy announced Thursday that the deal added 12,000 new token holders and attracted more than 860,000 registered users. It is reported that Biconomy aims to make it relatively easy to develop DApps by providing plug-and-play APIs that help relay transactions between Layer 1 and Layer 2 blockchain networks. Currently, more than 70 Web 3.0, DeFi and NFT DApps are using the protocol to provide end users with gas-free transactions and instant cross-chain transfers. So far, Biconomy has processed over 8.2 million transactions on Ethereum, Polygon, BSC, Avalanche, and Moonriver.
Polkadot's ecological NFT public chain Unique Network raised $11.3 million, led by Outlier Ventures
Unique Network, the NFT public chain of Cypolka Ecology, announced today that it has raised US$11.3 million, bringing the total financing amount to US$16 million. The round was led by Outlier Ventures, with participation from The LAO, Flamingo, Nalu Capital, and more than 200 other investors (including existing investors). The new funding will be used to fully prepare for the upcoming launch of Kusama’s NFT chain, Quartz. Quartz will support the NFT function on the Kusama network, allowing anyone to build an NFT market and experience interoperability between different blockchains, such as Ethereum and EVM-based chains and other well-known NFT blockchains.
It is reported that Unique Network is the first NFT chain built on Polkadot and Kusama networks, providing a wide range of technical solutions for NFT application development needs, taking into account flexibility and low cost. Unique has now won 5 Web3 Grants, won 2 Hackusama awards, and created the first NFT collection on Substrate - Substrapunks. At the same time, Unique is also the main developer of Kusama Chiba Gallery (Chiba Gallery) and Kusama A core member of the NFT strategy team. According to reports, Unique will soon participate in Kusama's third batch of slot auctions. (Block Leaders)
DeFi protocol Ardana raises $10 million led by Three Arrows Capital and Ascensive Assets
Ardana, a Cardano-based DeFi protocol, completes $10 million in strategic financing, co-led by Three Arrows Capital and Ascensive Assets, cFund, Morningstar Ventures, Mechanism Capital, Kronos Research, FMFW, MGNR, Selini Capital, Skynet Trading and Portico Ventures participated in the investment.
Ardana co-founder and CEO Ryan Matovu said the funding came through a Simple Agreement for Future Tokens (SAFT) sale. The new funds will help build and expand the protocol. (The Block)
NFT toy company OnChain Studios completed a $7.5 million seed round of financing led by a16z
Digital toy company OnChain Studios completed a US$7.5 million seed round of financing, led by a16z, with participation from Dapper Labs, Draper & Associates, CoinFund, Sound Ventures, Collab + Currency, and WndrCo. The new financing will be used to develop Cryptoys, a new NFT platform that combines digital toys and games, and will release interactive digital toys that allow consumers to buy, play, collect and sell. These NFTs will soon be launched on Flow. (CoinDesk)
Crypto Game Developer Sipher Raises $6.8M Led by Hashed, Arrington Capital and Konvoy Ventures
Encrypted game developer Sipher raised $6.8 million, led by Hashed, Arrington Capital and Konvoy Ventures, Defiance Capital, Signum Capital, Dragonfly Capital, CMT Digital, BITKRAFT Ventures, Delphi Digital, Alameda Research, Fenbushi Capital, Sfermion, Hyperchain, GBV, Kyber Network, Coin98 Ventures, YGG, and Merit Circle participated in the investment. Funds from this financing will be used to develop encrypted games.
Sipher, led by Vietnamese entrepreneur Nguyen Trung Tin, is developing the crypto game World of Sipheria. In the game, users will be able to battle other users using unique characters, level up their characters through in-game rewards, and eventually have their own metaverse. (Forbes)
According to official news, Solend, the Solana ecological lending agreement, completed a financing of US$6.5 million. Polychain, Dragonfly, Race, Coinbase Ventures, Solana Ventures, Alameda Research, Aave’s Stani, dYdX’s Antonio, Balaji Srinivasan, UMA’s Hart, 0xMaki, Ribbon’s Julian , DCFGod, Petrock, Epsilon Trading, etc. participated in the investment.
The decentralized protocol Minima completed its Series A financing of US$6.5 million, with GSR, DEX Ventures, AGE Crypto, SMO Capital, Vinny Lingham and others participating. This round of financing will be used for Minima’s expected mainnet release in mid-2022.
It is reported that the Minima Incentive Program allows users to start earning tokens when they download the Minima App. The app can be downloaded on Android mobile devices and runs on PC, Linux and Mac devices. Users can earn additional Minima tokens when they participate as testers after registering for the waiting list. (Cryptodaily)
Immunefi, a DeFi security platform, announced that it has received US$5.5 million in funding. Investors include 11 institutional investors including Blueprint Forest, Electric Capital, Framework Ventures, and Bitscale Capital, as well as a series of private investors.
Immunefi will use the funds to advance its services in DeFi security, provide asset protection for smart contract protocols, and implement financial incentives for benign hackers. The service is reportedly responsible for securing over $50 billion in protocol assets across projects like Synthetix, Chainlink, SushiSwap, PancakeSwap, and more. Since its inception in December 2020, the platform has paid out a cumulative $7.5 million in bug bounties. (Cointelegraph)
ArenaX Labs Closes $5 Million Seed Round Led by Paradigm Capital
ArenaX Labs completed a $5 million seed round of financing led by Paradigm Capital and participated by Framework Venture Partners. The funding will help accelerate the development of AI Arena, an ethereum-native player-versus-player game, which is expected to launch in early 2022. (CoinDesk)
Solana revenue aggregator Tulip raises $5 million led by Jump Capital and Alameda Research
Tulip Protocol (formerly known as SolFarm), a Solana ecological revenue aggregator, completed a strategic financing of US$5 million, led by Jump Capital and Alameda Research, and participated by Amber Group, Cadenza Ventures, Fisher8 Capital, CMS Holdings, Rarestone Capital, FinTech Collective and DV Chain cast. The round will help Tulip expand its yield aggregation and crypto lending products. DeFi app Tulip’s total crypto assets locked (TVL) currently exceeds $800 million.
NFT service provider GigLabs completes $4.5 million in financing led by Dapper Labs and others
NFT service provider GigLabs announced the completion of $4.5 million in financing, led by Panoramic Ventures and Dapper Labs, with participation from Collab+Currency, Red Beard Ventures, Eterna Capital, Alumni Venture Group, Gaingels, and Amino Capital.
GigLabs helps brands launch NFTs, and currently has high-profile clients such as CNN, Turner Sports, Bleacher Report, and Speedway Motorsports' RaceDay NFT. GigLabs' fundamental product is the NFT Bridge, which helps brands mint NFTs, create marketplaces, and engage users. Also available is RareRooms, an in-browser 3D gallery where users can display their collections. (Ledger Insights)
DeFi derivatives trading platform Drift Protocol raises $3.8 million, led by Multicoin Capital
Drift Protocol, a Solana-based DeFi derivatives trading platform, completed a $3.8 million seed round of financing, led by Multicoin Capital, with participation from Jump Capital and Alameda Research.
It is reported that Drift Protocol focuses on perpetual swaps. According to CoinGecko data, the trading volume of all cryptocurrency perpetual contract markets in the past 24 hours reached 170 billion US dollars, of which Ethereum perpetual contract trading volume accounted for the largest share. (CoinDesk)
IOSG Ventures, Multicoin Capital, CMT Digital, Amber Group, GSR Markets, SCC Investments (Genesis Trading), Fenbushi Capital, and SevenX Ventures announced that Swivel, a decentralized protocol that supports fixed-rate loans and interest rate derivatives, completed a strategic round of financing of US$3.5 million Participate in voting. This round of financing will be used to contact trading partners, strengthen liquidity, and prepare for the launch of Swivel V2 in October 2021. Previously, Swivel also conducted a seed round of financing of 1.15 million US dollars, with a total financing amount of 4.65 million US dollars.
ClubNFT, an NFT project created by anonymous collector and critic Artnome, announced its official launch and has received $3 million in seed round financing. The round was co-led by Galaxy Digital and Galaxy Interactive, with participation from Red Swan Ventures, CMT Digital, Sfermion, Draper Associates, and Richard Entrup. It is reported that Artnome, whose real name is Jason Bailey, has been writing about blockchain art since 2017 and claims to be the first collector of SuperRare, an NFT art market.
ClubNFT wants to provide collectors with the tools to discover, secure and share their NFTs. Its first product will allow users to download media linked to their NFTs. The other co-founders of ClubNFT are ex-Google employee Chris King, who is the CTO of ClubNFT, and Danielle King, a former painting and sculpture manager at New York's Museum of Modern Art (MoMa), who is the startup's CFO. and Chief Operating Officer. (The Block)
Only1, the Solana ecological NFT social platform, announced that it has completed more than $3 million in financing and received strategic investment from A41 Ventures, Satori Research and Ellipti Ventures. As of October 29, more than 7 million LIKEs have been pledged, and 1,500 users have participated in the beta version.
In addition, Only1 is about to launch an NFT market, and is developing a paid private message (DM) function, and will launch more NFT projects on its platform. The LIKE repurchase event is from October 24th to November 21st, and all LIKEs repurchased will be rewarded to the community through the creator's equity pool.
Ex Populus, a publisher of Xunchain games, announced today that it has received an oversubscribed US$3 million seed round of financing, led by Animoca Brands, with participation from CMS, Enjin, Infinity Ventures, Evernew, Polybius Capital, Decision Tree Ventures, Outlier Ventures, and Zipmex.
Ex Populus is a publishing platform and entertainment brand with a publishing model that not only monetizes games in innovative ways, but also connects players with a rich and scalable set of tools by working closely with independent developers on Web3 content . The new financing will help Ex Populus continue to grow and expand a dynamic gaming community and ecosystem, and help build the Metaverse in the process. Ex Populus' first game is "LAMO," a fusion of fast-paced shooter genres and blockchain-based collecting features featuring playable characters from entertainment and pop culture protagonists. (Business Wire)
Ruby.Exchange, an NFT-based AMM exchange on SKALE, completed $2.8 million in financing. NGC, Flow Ventures, Wintermute, SKALE Ecological Fund, Morningstar Ventures, Yield Ventures, HashKey, CitizenX, ZBS Capital and some angel investors participated in the investment. Will be used to enable Ruby to develop, market, maintain and eventually achieve a fully decentralized first NFT based AMM exchange. At the same time, it will release more details about Ruby.Exchange, its token economics, public sale, advantages of using SKALE, and liquidity provider rewards in the next few weeks.
Ruby.Exchange is built on the Ethereum scaling solution SKALE and is committed to solving a series of key problems of DeFi. By adopting cutting-edge technology and combining a new token economic model, Ruby.Exchange aims to provide a fun, accessible and gamified trading experience.
The blockchain storage project KYVE completed the second round of financing of US$2.8 million, led by Permanent Ventures and Hypersphere Ventures, and participated by Zee Prime, CMS Holdings, Arweave, Avalanche Foundation, Interchain Foundation, NEAR Foundation, and Solana Foundation.
At present, the KYVE test network uses Arweave to store blockchain data, and its accuracy is verified by the network of node operators. KYVE co-founder Fabian Riewe said in an interview, "The bigger picture is that KYVE is a tool to create a completely decentralized data network, where everyone can access data, get data, and query data, and everything is No need to trust."
Scorechain, a provider of cryptocurrency tracking and risk management solutions headquartered in Luxembourg, completed a Pre-A round of financing of 2 million euros, led by Tioga Capital, followed by German blockchain accelerator and early investor Blockrocket and CVVC Crypto Valley. Scorechain will use this round of financing to accelerate its development in Europe, and plans to expand to emerging markets such as Asia-Pacific and Latin America. The company provides services such as risk analysis and scoring, cluster detection, AI prediction, address identification and graph visualization for encrypted transactions, covering 8 major blockchains and 3000+ encrypted assets. (paperjam.lu)
NFT pricing solutions platform PawnHouse announced the completion of a $2 million round of financing, with investors including HG Ventures, Znoff Capital, Crypto Times, Chronos Ventures and other strategic partners. The funds will be used to strengthen the company’s NFT pricing infrastructure and improve the liquidity of the NFT market. At the same time, PawnHouse will continue to build its multi-chain and cross-ecosystem NFT structure, and strengthen its operations and development in global markets such as Japan, South Korea, and Russia. (Ambcrypto)
Hyy.pe, a social NFT platform, completes $2 million in financing, led by Elevation Capital
Hyy.pe, a social NFT platform, announced on Tuesday that it has completed $2 million in financing. Elevation Capital led the investment, Bankless co-founders Ryan Adams and David Hoffman, Visa encryption head Cuy Sheffield, ShareChat co-founder Farid Ahsan and other angel investors participated in the investment. The company will use the funding to continue hiring product engineers, strengthening the platform by engaging directly with the community and incorporating user experience feedback. It is reported that the company previously announced the completion of a $1.5 million seed round of financing in September, led by Electric Capital.
Metaverse game project PlaceWar announced the completion of oversubscribed private equity financing of US$1.8 million, AC Capital, AU21, Woodson Game, Exnetwork Capital, Icetea Labs, IoTex, Kyros Ventures, LD Capital, Lucid Blue Ventures, Megala Ventures, Metrix Capital, ReBlock, RoseOn, X21 and others participated in the investment. PlaceWar expects to conduct an IDO on the DAO Maker platform in November 2021. In the middle of this month, PlaceWar announced the completion of a $400,000 seed round led by LD Capital and Crypto.com.
YieldFi protocol Entropyfi announced the completion of US$1.5 million in seed round and private equity round of financing, led by 4RC, Crypto.com, Hotbit, Woo Ventures, LD Capital, Geek Investment Team and angel investors ChainIDE, DeFi Dad, Mr. Block, Justin Bram Participate in voting. In addition, the Entropyfi team received Grants from Aave and Oasis Foundation.
Blockchain startup Squads completes $1.5 million seed round led by Collab+Currency
Blockchain startup Squads completed a $1.5 million seed round led by Collab+Currency, followed by Reciprocal Ventures, Volt Capital, Chaotic Capital, 6thman Ventures, Republic Capital, 8186 Capital, and Solana Capital.
Squads are applications that can be used to create decentralized autonomous organizations (DAOs) on the Solana blockchain. The company said it will use the funds for a beta launch of its core product, followed by a mainnet launch. (CoinDesk)
DApp Marketplace Transient Network Raises $1.2M in Token Sale
Transient Network, a smart contract market, announced that it has completed $1.2 million in financing through IDOs on two platforms, Genesis Pool and Lemonade. Transient is building "Amazon of Smart Contracts" - a global marketplace for decentralized applications (DApps) designed to help non-coders create smart contracts for specific use cases and industries. Prior to the IDO’s public offering, Transient raised $275,000 in a seed round, with venture capital firm Exit Forward and others participating. (Cointelegraph)
NFT infrastructure protocol Label announced the completion of $1 million in private equity financing, led by HG Ventures, with participation from GBIC, Mindfulness Capital, IOST, M6, Adaptive, Icetea Labs, Alphabit, and Pragma. Label is an NFT infrastructure protocol built on the Ethereum network, aiming to build a fair profit-sharing ecosystem. Its ecosystem is powered by LBL utility and governance tokens. LABEL has introduced a decentralized P2P incubation platform to invest in entertainment and education content through the DAO voting system, which provides content creators in the MOOC industry with a convenient way to invest, promote and distribute their intellectual property. Label Foundation has partnered with OPENTRACK, a leading music education platform run by Clesson. (Bitcoin News)
Duelist King, a multi-chain NFT card game, announced the completion of $1 million in financing, with participation from Momentum6, BoostXLabs, Shima Capital, BX Ventures, X21 Digital, AU21, Magnus Capital, NFT Technologies, Benmo, and BlockBeat. It is reported that Duelist King is the first game to advocate the Win2Earn narrative. The game economic model provides rewards and benefits around the participation of missions, battles and competitions. Duelist King is built on the BSC and Cardano chains, supported by Fantom, Polygon and Cronos, providing a cross-chain support platform for NFT and subsequent Duelist King tokens. Duelist King will be on the PancakeSwap platform IFO on October 27th, Beijing time. (Investing)
The blockchain-based card game Monopoly completed a $750,000 financing through token sales, with participation from Dutch Crypto Investors, NFTb, X21, and GEM Capital. Monopolist is the first decentralized version of the Monopoly game. The new funding will fuel the Monopolist team’s technical advancements and marketing activities. A testnet version of the game will go live in November, while mainnet operations are expected to begin in December 2021. (U Today)
SportsZchain, a blockchain-based fan engagement platform, completed a $400,000 Pre-Seed round of financing, led by Darq Capital, with participation from Comply Dot director Jagadeesh Atukuri and SHISAN Investments (co-founded by former Goldman Sachs COO). The new financing will be used to build an alpha version of the platform’s blockchain-based interactive web application, as well as to conduct branding and marketing activities. (The Hindu Business Line)
ShowMe, an NFT social subscription platform under Gryffindor Labs, announced that it has officially completed its seed round of financing. This round of financing is funded by Mask Network, Incuba Alpha, SevenX Ventures, Hash Global Capital, Fosun Group co-founder Liang Xinjun, Metaverse Capital, Zonff Partners, NGC Ventures , DODO and other institutions and individuals participated together, this round of financing will introduce more strategic resources for the development of ShowMe.
a16z announced to invest in social DAO "Friends with Benefits", the investment amount is undisclosed. a16z stated that it will provide guidance and plans to empower key community members to actively participate in governance through authorization.
"Friends with Benefits" is a new type of DAO, and joining the FWB requires a written application, reviewed and voted on by the community itself, and a minimum of FWB tokens to represent ownership in the DAO.
Solana Capital strategically invests in Synchrony, an asset management agreement on the Solana chain
According to official news, Synchrony, an asset management agreement on the Solana chain, announced that Solana Capital has become its strategic investor. It is reported that Synchrony is an on-chain asset management protocol that supports the Solana ecosystem. Through in-depth analysis of wallets and protocols, Synchrony makes it easy for any user to write, configure, and optimize investment strategies consisting of token collections, liquidity pools, and other on-chain tools.
Mask Network received strategic investment from Arweave
According to official news, Mask Network announced that it has obtained a strategic investment from the decentralized storage protocol Arweave. This round of investment is carried out in the strategic token swap mode previously initiated by MaskDAO. As early as May 2020, Mask Network has received financial support from Arweave. At the same time, the "File Service" function in Mask products was first built based on Arweave solutions.
Polygon announces investment in NFT marketplace Colexion to boost NFT adoption in India
News Polygon announced its investment in NFT market Colexion to promote the adoption of NFT in India. (Economic Times. India Times)
According to official news, Telegram’s in-app cryptocurrency P2P trading platform Chatex announced that it has received investment from Polygon’s DefiForAll Fund, with an undisclosed investment amount. Chatex will integrate with Polygon to improve transaction processing speed, and Polygon will advise Chatex on Chatex's Cryptobank development strategy and assist in the global marketing of the project.
Global Investors (NASDAQ: GROW), a registered investment advisory firm focused on global professional markets, announces that it has purchased 1 million shares in Network Entertainment, Inc. ("Network")'s recent financing shares. The investment is intended to provide exposure to Network's nascent NFT business, adding to the company's established engagement in the digital asset ecosystem. It is reported that Network recently announced its intention to use existing and upcoming content to create and distribute NFT. (Globe News Wire)
