One-week financing express | 17 projects have been invested; the total disclosed financing is about 1.02 billion US dollars (1.31-2.6)
According to Odaily’s incomplete statistics, a total of 17 domestic and overseas blockchain financing incidents were announced in the week from January 31 to February 6. Although the number of financing transactions is small, the amount is generally relatively large. The total disclosed financing is about 10.2 One hundred million U.S. dollars.
Last week, there were 4 projects with a financing amount of more than 100 million US dollars, namely the leading exchange FTX (400 million US dollars), the Bitcoin application ecosystem builder Trust Machines (150 million US dollars), and the Solana ecological encryption wallet Phantom (109 million US dollars). USD), NFT development platform Pixel Vault ($100 million). In addition to these projects, there are many projects that have completed tens of millions of dollars in financing, including digital asset management platform Qredo, data analysis company Dune Analytics, etc.
The following are the specific financing events (Note: 1. Sorting according to the announced amount; 2. Excluding fundraising and mergers and acquisitions; 3. * is a "traditional" company whose business involves blockchain):
The following are the specific financing events (Note: 1. Sorting according to the announced amount; 2. Excluding fundraising and mergers and acquisitions; 3. * is a "traditional" company whose business involves blockchain):
On January 31, FTX Trading Ltd. announced that it has received US$400 million in Series C financing, with a valuation of US$32 billion. Participants in FTX's funding round include SoftBank, Paradigm, Tiger Global and the Ontario Teachers' Pension Plan Board.
This financing is less than 4 months since FTX’s last financing. In October 2021, FTX completed the B-1 round of financing of over 420 million US dollars, including BlackRock, Tiger Global, Ontario Teachers’ Pension Fund, Singapore investment company Temasek Holdings, 69 investors including Sequoia Capital, Ocean Capital, International Venture Capital IVP, ICONIQ Growth and other well-known institutions participated in the investment. The company was valued at $25 billion at the time.
According to previous reports, on January 26, 2022, FTX.US announced the completion of a $400 million Series A financing at a valuation of $8 billion. (The Block)
Trust Machines Completes $150 Million Financing, Breyer Capital and DCG Participate
Trust Machines, the builder of the Bitcoin application ecosystem, announced the completion of $150 million in financing, with participation from Breyer Capital, DCG, GoldenTree, Hivemind, and Union Square Ventures.
Muneeb Ali, CEO of Trust Machines, said the funds will be used to build on the success of Stacks to build the necessary applications and underlying technology to unlock the true potential of Bitcoin as the final settlement layer.
On January 31, Phantom, Solana’s ecological encryption wallet, raised $109 million in Series B financing, with a current valuation of $1.2 billion. Paradigm led the round, and Andreessen Horowitz (a16z), Variant Fund, Jump Capital, DeFi Alliance and Solana Ventures Existing investors, including , also participated in this round of financing.
Phantom CEO Brandon Millman said that this is a round of equity financing that will help Phantom expand to multiple blockchains, including adding support for Ethereum by the end of this year. Additionally, Phantom plans to launch its Android app in the first half of this year. Millman also revealed that Phantom does not plan to raise more funds in the near future, and has no specific plan to launch Token.
NFT development platform Pixel Vault announced on Wednesday that it has completed $100 million in financing. The investors are Velvet Sea Ventures and 01A. This round of financing will be used to develop the first multi-franchise (multi-franchise) NFT development platform, allowing artists, creators and collectors to have ownership of NFT digital content.
The Pixel Vault, which went live last May, includes real and digital comic book characters from CryptoPunks. The company has a large collection of superhero and villain NFTs, and hopes to develop it into a decentralized, studio-scale entertainment company. It is also the creator of the social and gaming platform MetaHero Universe.
Specifically, the funding will support the development of television, film and video game projects. Pixel Vault said that its primary and secondary market transactions have reached nearly 100,000 Ethereum (about 286 million US dollars). (CoinDesk)
Qredo, a digital asset management platform, announced that it has completed a US$80 million Series A financing at a valuation of US$460 million. This round of financing was led by 10T Holdings, and Coinbase Ventures, Kingsway Capital, HOF Capital, Raptor Group and GoldenTree Asset Management participated in the investment.
It is reported that Qredo is a digital asset management company focusing on decentralized custody, settlement and cross-chain exchange. Its customers include mainstream encrypted trading platforms and companies such as Coinbase, Celsius, Deribit and GSR.
According to official news, Dune Analytics, a blockchain data analysis company headquartered in Oslo, Norway, announced the completion of Series B financing of US$69,420,000, with a valuation of US$1 billion, making it one of the unicorns. The lead investor of this round of financing is Coatue, and the participating investors include Multicoin Capital, Dragonfly Capital and other institutions that have previously participated in investing in the company.
Tribal Credit Completes $60 Million Series B Financing Led by SoftBank
Encrypted payment platform Tribal Credit announced the completion of $60 million in Series B financing, led by SoftBank Latin America Fund. Coinbase Ventures, venture capital fund BECO Capital, QED Investors and Rising Tide participated. Additionally, Tribal said it will use the new funding to fund its operations across the region, including building local teams in Brazil, Mexico, Colombia, Peru and Chile.
P2E game Affyn completes over US$20 million financing
Affyn, a Singapore-based blockchain gaming startup, has raised over $20 million in funding through Launchpad and a pre-sale round. Affyn is a blockchain-driven Metaverse project that will create free, Play-to-Earn (P2E) mobile games that combine the best of the virtual world and the real world.
Affyn aims to use geolocation technology, augmented reality (AR) mechanism and blockchain technology, such as non-fungible tokens (NFT), to create an ecosystem that is interesting and useful in both virtual and real life. The company plans to release NEXUS Metaverse, an in-game collection of NFT characters, in the coming days.
On February 2, Web3’s virtual identity network NFT3 completed a $7.5 million seed round of financing, led by Animoca Brands, with participation from DFG Group, CMS Holdings, LD Capital, and Prometheus Labs Ventures. NFT3 CEO Dylan Dewdne said the new funds will be used to further develop its decentralized identity solution and pair it with NFTs in a novel way. (CryptoSlate)
Galaxy Fight Club, a cross-IP P2E game on Polygon, received US$7 million in financing
Galaxy Fight Club, a cross-IP and multi-platform player-versus-player game platform, announced the completion of a $7 million seed round and private equity round of financing. The financing was led by Animoca Brands, Sequoia Capital India and Skyvision Capital, with participation from The Chernin Group, YGG SEA, Spartan Capital, Sfermion, PKO Investments, Infinity Ventures Crypto, Huobi Innovation Labs, Kucoin Labs, Rarestone Capital , Formless Capital, Gerstenbrot Capital, Perion, Double Peak Group, Polkastarter, MEXC, MoonEdge, Edimus Capital, Bondly, Astronaut Capital, Panony, 18 Ventures, Zokyo and many angel investors, including Twitch’s Kevin Lin, Crunchyroll’s Kun Gao and Matt Finick of ROBLOX and Marvel Studios.
Web3 Startup Nestcoin Completes $6.45M Pre Seed Funding, Led by Distributed Global and Alter Global
Nestcoin, an African Web3 start-up company, has completed a pre-seed round of US$6.45 million, led by Distributed Global and Alter Global, with participation from Serena Williams' Serena Ventures, Alameda Research, A&T Capital, MSA Capital, and 4DX Ventures. (News Bitcoin)
Primex Finance Completes $5.7 Million Funding Led by Stratos and CoinFund
Primex Finance, a cross-chain prime brokerage liquidity protocol, recently completed a $5.7 million seed round of financing, led by Stratos Technologies and CoinFund, GoldenTree Asset Management, Wintermute, GSR, LedgerPrime, NxGen, Mask Network, Pragma Ventures, Morningstar Ventures, HG Ventures, Formless Capital, Peech Capital, ZBS Capital, Mapleblock, Magnus Capital, and Parachain Ventures participated in the investment. Funding will be used to advance product development ahead of Primex’s V1 release this year.
ICHI, a white-label stablecoin solution for DeFi projects, announced the completion of US$3.5 million in financing, with Fundamental Labs, TRGC Limited, Lattice Capital, and Lightshift Capital participating.
This financing will provide ICHI with the necessary resources to continue recruiting more DeFi projects for its services. Rather than selling native governance tokens in exchange for stablecoins to conduct business or generate liquidity, ICHI provides tools to convert these native tokens into collateral against stablecoins. (Decrypt)
News InvArch announced the completion of $1.75 million seed round financing, Huobi Ventures, Alves Ventures, Waterdrip Capital, PAKA Capital, Kernel Ventures, Illusionist Group, 1PAR Research, ARKN Ventures, Kretos Ventures, Bitrise Capital, TsingTing Capital, GemHive DAO, DeltaHub Capital, ZB Capital, BigCoin Capital, Glock Ventures, TsingTech Ventures, and Gate Labs participated in the round.
Decentralized IDO platform SolanaPrime announced the completion of a seed round of financing, Pluto Digital, Llama Ventures, Sheesha Finance, Next Chymia (from Kenji Sasaki), Influx Group, Nodeseeds, Faculty Capital, Contango Digital Assets, ZBS Capital, Stratosphere, Baselayer Capital, Arena The specific financing amount has not been disclosed yet. (Cointelegraph)
Binance Labs Announces Strategic Investment in NFT Project StarryNift
On January 31, Binance Labs announced a strategic investment in StarryNift to support the development of StarryNift in the Metaverse field, as part of its commitment to develop the BSC ecosystem. StarryNift was founded by Martha Zhang, a former partner of Bitmain, and has received investment from Monday Capital, Sparkland Capital, Blockwall Capital, CoinGecko Ventures and other institutions.
It is reported that StarryNift is a gamified large-scale co-creation Web 3.0 platform and startup platform for integrating interesting digital collectibles with the metaverse in the confluence of multiple worldviews.
BCA investments will invest in blockchain game Endless Battlefield
The investment institution BCA investments recently announced that it has reached a strategic cooperation with the GameFi sandbox Metaverse Endless Battlefield. BCA investments will invest in the project and support its team to reach certain milestones.
