According to Odaily’s incomplete statistics, a total of 19 domestic and overseas blockchain financing incidents were announced during the week of November 21-November 27, a decrease from the previous week; There has been a substantial decline.
The following are specific financing events (Note: 1. Sorted according to the announced amount; 2. Excluding fundraising and mergers and acquisitions; 3. *Represents companies in the "traditional" field with some businesses involving blockchain):
The following are specific financing events (Note: 1. Sorted according to the announced amount; 2. Excluding fundraising and mergers and acquisitions; 3. *Represents companies in the "traditional" field with some businesses involving blockchain):
On November 25, Web3 game publisher Fenix Games has raised $150 million in financing, with investors including Phoenix Group and Dubai-based venture capital institution Cypher Capital. Fenix Games plans to acquire, invest in and publish blockchain games.
Chris Ko, CEO and co-founder of Fenix Games, was previously Senior Vice President of Corporate Development at Mythical Games, General Manager of Electronic Arts and Kabam, Portfolio Manager at BlackRock and Equity Research Analyst at JPMorgan Chase. Other co-founders of Fenix Games include Rudy Koch, co-founder of Mythical Games, Antonio Hallack, former head of global electronic trading at Credit Suisse, and Matt Nutt, former chief operating officer of Mythical Games.
Crypto payment infrastructure company XanPool completes $41 million financing, led by Target Global
On November 25, XanPool, an encrypted payment infrastructure company that provides fiat and encrypted currency exchange services, completed a $41 million financing in the second quarter of 2022, led by Target Global. Among them, Target Global invested $35 million and Antler Elevate invested $6 million. XanPool has reached a valuation of $400 million.
XanPool will use the new funds to accelerate market expansion in Europe, the Middle East, North Africa and Latin America, and establish a research and development center in Thailand. (Forbes)
According to previous reports, in October 2021, XanPool completed a US$27 million Series A financing, led by Valar Ventures, with participation from CMT Digital, Wise founder and chairman Taavet Hinrikus, and existing investors Gumi Kryptos and Antler.
On November 24, the cross-chain bridge Across Protocol received US$10 million in financing at a valuation of US$200 million, and venture capital institutions Hack VC, Placeholder, and Blockchain Capital participated in the investment.
It is reported that Hack VC, Placeholder, and Blockchain Capital purchased 50 million Across Success Tokens from Risk Labs. Each of these Success Tokens will expire on June 30, 2025 and return 1 ACX and 1 ACX call option at $0.50. Investors will receive 1 ACX token at expiry in addition to the value of the ACX call option.
It is reported that Success Token is a fundraising solution proposed by the synthetic asset protocol UMA, which allows fundraising without providing token discounts.
On November 23, Onomy, the Cosmos ecological DeFi protocol, completed a $10 million private placement financing, with participation from Bitfinex, GSR, Ava Labs, CMS Holdings, and DWF Labs. According to Onomy co-founder Lalo Bazzi, this is the last funding round before the mainnet launch.
According to reports, Onomy aims to integrate DeFi and foreign exchange markets. Its products include layer 1 blockchain networks and blockchain bridges, as well as decentralized exchange Onex and non-custodial mobile wallets. (The Block)
On November 25th, Web 3 game development company Midnight announced the completion of a US$7.5 million seed round of financing, led by Shima Capital, blockchain platform Forte, popular game community Snackclub, guild and modding platform Overwolf, Woodstock Fund, FJ Labs, Bixin Ventures and others participated in the investment.
Midnight has been in "stealth" mode before, aiming to use blockchain technology to create real value for players and build an IP-based game world. Its products include 2D pixel fighting game Next Protectors, 4X MMO game Legion, etc. (venturebeat)
Interoperability Protocol t3rn Closes $6.5M Funding Led by Polychain Capital
On November 24, the Polkadot-based blockchain interoperability protocol t 3 rn completed a private equity strategic financing of US$6.5 million in the form of SAFT, led by Polychain Capital, and participated by Huobi Ventures, Figment Capital, Blockchange Ventures, and Lemniscap.
Up to now, the total financing amount of t 3 rn has reached 8 million US dollars. Last year, it completed a 1.5 million US dollar seed round of financing, led by Polychain Capital.
It is reported that t 3 rn will provide cross-chain transactions across the Polkadot ecosystem and other ecosystems starting in 2020, and will soon be launched on the mainnet, with the goal of going online as a Polkadot parachain in the first quarter of next year. (The Block)
NFT utility platform Tropee completes $5 million in seed round, led by Tioga Capital
Odaily News NFT utility platform Tropee completed a $5 million seed round of financing, led by Tioga Capital, with participation from The Sandbox co-founder and CEO Sébastien Borget, Exclusive founder Thibault Launay, Geometry's Grégoire le Jeune and Gem founder Lorens Huculak et al.
Tropee aims to inject practical utility into NFT and help brands improve user experience. The project was launched last May with a team that includes the co-founder of French unicorn Meero. (The Block)
Web 3 Social Media Platform ReelStar Raises Over $5 Million Through IT 0
On November 22, ReelStar, a Web 3 social media platform, announced the completion of a fundraising of US$5 million through IT0. The platform architecture is based on Polygon and BSC, and will be expanded to other blockchain networks in the future. The goal is to inspire and revitalize the global media and entertainment industry.
Decentralized identity project Carv completes $4 million financing at a $40 million valuation
On November 22, Carv, a decentralized identity start-up project for gamers, completed a financing of US$4 million at a valuation of US$40 million. Temasek’s venture capital firm Vertex Ventures led the investment, EVOS (ATTN Group), SNACKCLUB (Loud Gaming), Infinity Ventures Crypto, YGG SEA, UpHonest Capital, Lyrik Ventures, Lintentry Foundation, PAKADAO, 7 UpDAO and angel investor Aliaksandr Hadzilin (co-founder of NEAR) participated in the investment. (Tech Crunch)
DLT Raises $3.5M for Subsidiary, Will Launch Digital Assets Unit Focused on Bitcoin Mining
On November 22, DLTx ASA, a Norwegian blockchain infrastructure company, announced that its DLTx Digital Assets will launch a digital asset department focused on bitcoin mining and has completed a financing of US$3.5 million. DLT mainly utilizes overcapacity grid power Mining Bitcoin to drive sustainable development of the industry.
It is reported that the company launched a blockchain investment fund in 2014 and has been actively promoting the construction of Bitcoin mining infrastructure since 2015.
On November 25, the DAO tool XDAO completed a US$2.3 million seed round of financing at a valuation of US$50 million, with participation from Panony, DWF Labs, Telos Foundation, and Grizzly Capital.
CEO Vlad Shavlidze said the terms of the deal, which closed on Nov. 21, included a 12-month lock-up period and a 36-month linear vesting period, as well as a crypto bear market tailored token economics. (The Block)
NFT infrastructure protocol Vinci Protocol completes $2.1 million in financing led by TGE Capital
On November 23, Vinci Protocol, an NFT infrastructure agreement, completed a financing of US$2.1 million, led by UOB Venture Management, Signum Capital and TGE Capital. This round of financing will be used to develop NFT data services and development tool kits, including NFTFi, NFT oracle, NFT governance and other tools.
On November 23, PEG, a game association, and BrandNation, a Web 3 brand influencer marketing platform, announced the completion of a total of US$2 million in seed round financing, led by Sonla, a cryptocurrency exchange and digital asset custody provider. (e27)
On November 27, the NFT perpetual contract trading platform nftperp completed a financing of US$1.7 million at a valuation of US$17 million. Dialectic, Maven 11, Flow Ventures, DCV Capital, Gagra Ventures, AscendEX Ventures, Perridon Ventures, Caballeros Capital, Cogitent Ventures , Nothing Research, Apollo Capital, Tykhe Block Ventures, OP Crypto and other institutions participated in the investment. It is reported that nftperp tracks the lowest price of NFT collections, allowing users to go long and short NFT.
On November 21, DEFYCA, a blockchain digital securities platform, completed a $1.3 million seed round of financing led by QBN Capital and Blizzard Fund.
DEFYCA has developed a blockchain protocol, DEFYCA Protocol, to help cryptocurrency investors invest in traditional debt securities and loan portfolios through tokenized assets. These tokenized assets will be included in the liquidity pool, and the processes including price discovery, settlement and payment will be executed through smart contracts, and then a connection between DeFi and TradFi will be established. (PR Web)
MCity.life completes USD 1 million seed round financing led by Taihill Venture and Blue Bay Capital
On November 23, according to official news, MCity.life, a consumer metaverse, completed a $1 million seed round of financing led by Taihill Venture and Blue Bay Capital. The project had previously received investment from Matrix Capital and 36 kr.
The MCity team said that it has reached a strategic cooperation with the Hong Kong Intellectual Property Exchange (HKIPX) to establish a web 3.0 Asian consumer metaverse alliance with Hong Kong as its business center.
On November 21, Web 3 data solution Vezgo completed a $750,000 Pre-Seed round of financing, with participation from Bitnomic Capital, Flinks Technologies, M 2 S Capital, Chouinard Family Office, and individual investors Andrew Izyumov and Rachid Ajaja.
It is reported that Vezgo was spun off from the investment aggregation platform Wealthica and operated independently. It aims to provide Web 2 finance and financial technology companies with APIs, including centralized exchanges, wallets, NFT and other on-chain data. (PRNewswire)
On November 21, Binance Labs announced a strategic investment in hardware wallet manufacturer NGRAVE, and will lead its upcoming A-round financing, with an undisclosed investment amount.
It is reported that NGRAVE provides a complete self-custody solution, including connectionless and highest security certification (EAL 7) hardware wallet ZERO, mobile application LIQUID that connects users to the blockchain in real time, and encrypted and recoverable key backup GRAPHENE.
According to previous reports, in January this year, NGRAVE completed a $6 million seed round of financing, with participation from Woodstock Fund, Morningstar Ventures, DFG, Spark Digital Capital, Moonrock Capital, and Mapleblock Capital.
On November 23, the Italian blockchain IoT project Knobs announced the completion of a new round of financing, with Smart Capital participating in the investment. The specific amount has not been disclosed yet. Knobs was founded in 2014. It mainly conducts business in the three fields of blockchain, Internet of Things (integrating devices to make them intelligent) and traditional software platforms. In the field of blockchain, Knobs has so far applied for two patents and one registered with the Italian Copyright Office SIAE blockchain software platform. (born 2 invest)
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