According to Odaily’s incomplete statistics, a total of 28 domestic and overseas blockchain financing incidents were announced from March 20 to March 26, which is a certain increase compared with last week’s data. There is a significant decline.
Judging from the amount of financing disclosed last week, generative AI and trading platforms were the areas that attracted more attention last week. Among them, the trading platform eToro completed a financing of 250 million US dollars at a valuation of 3.5 billion US dollars. Generative AI startup Character.AI combined with Web3 technology has completed a $150 million financing at a $1 billion valuation.
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):
On March 21, after canceling its plan to go public through a SPAC at a valuation of $10.4 billion in 2022, the trading platform eToro completed $250 million in financing at a $3.5 billion valuation, ION Group, Social Leverage, SoftBank and Spark Capital, among others Participate in voting. (TechCrunch)
On March 24, Character.AI, a generative AI start-up company, announced the completion of a $150 million financing at a valuation of $1 billion. a16z led the investment, and former GitHub CEO Nat Friedman, Elad Gil, A Capital and SV Angel participated in the investment.
Character.AI says the new funding will allow it to expand its "computing capabilities, resulting in more complex models with advanced inference and improved accuracy."
Additionally, there has been word that Character.AI may explore the encryption (or more broadly Web3) and social audio markets, as a16z has been a significant player in both areas, but the company has not provided additional comment as of now. (CNBC)
Blockchain game developer CCP Games completes $40 million in financing led by a16z
On March 21, blockchain game developer CCP Games completed a $40 million financing round, led by a16z, with participation from Makers Fund, Bitkraft, Kingsway Capital, Nexon, and Hashed. The financing was used to make a new triple-A blockchain game set in the Eve Online universe. (Venture Beat)
Decentralized Autonomous Organization Tomi Closes $40M Funding Led by DWF Labs
On March 22, Tomi, a decentralized autonomous organization aiming to build an alternative Internet network, completed a $40 million financing, led by DWF Labs, with participation from Ticker Capital, Piha Equities, Japanese crypto whales, and community leader Hirokado Kohji. The funding will be used to attract content creators to the network. (CoinDesk)
On March 24, Metaverse development company LandVault announced the completion of a new round of financing of US$37 million, led by The Sandbox, SoftBank and Kingsway Capital, with participation from HodlCo and Gemini Frontier Fund.
Over the past two years, LandVault has created Metaverse infrastructure with partners including Heineken, L'Oreal and Mastercard, and the company will use the funding to continue its Web3 expansion and create AI tools, while expanding operations in Asia, Dubai, Europe, and more. and US team size.
In November 2021, LandVault completed its Series B round of financing, raising $25 million. (nftevening)
Metaverse Game Aavegotchi Developer Pixelcraft Studios Completes $30 Million Token Funding
On March 21, Pixelcraft Studios, developer of metaverse game Aavegotchi, announced the successful completion of a multi-year long-term token sale, raising a total of $30 million. It has been more than two years since Aavegotchi token GHST started on September 14, 2020 through DAICO (Decentralized Autonomous ICO). AavegotchiDAO has voted to terminate the sale due to uncertainty over the stability of the DAI stablecoin. No VC or angel investors participated directly in the financing.
It is reported that the funds will be distributed among community participants, with Pixelcraft Studios, the main developer of Aavegotchi, receiving 25%, or $7.5 million, and the DAO treasury receiving the remaining $22.5 million. All funds will be dedicated to development, marketing, providing liquidity or protocol rewards.
At the Paris Blockchain Summit on March 22, Bitget announced that it will invest $30 million in BitKeep, a Web3.0 multi-chain wallet, and acquire a controlling stake. It is reported that Bitkeep was valued at $300 million in the last round of financing. This investment aims to build a complete Web3.0 ecosystem, connect DeFi and CeFi, and give full play to their respective advantages in professional fields. At the same time, it will improve and enhance the stability and security of BitKeep products. (The Block)
OP 3 N Closes $28M Series A Funding at $100M Valuation, Led by Animoca Brands
On March 21, OP 3 N, an AI-based Web3 platform, completed a US$28 million Series A financing at a valuation of US$100 million. Animoca Brands led the round, Dragonfly Capital, SuperScrypt, Creative Artists Agency and New Enterprise Associates' Connect Ventures, Republic Crypto , Avalanche's Blizzard Fund, Galaxy Digital, Warner Music Interactive, GSR Markets, The Spartan Group, BRV Capital Management and NBA player Russell Westbrook participated in the investment. The new funding will be used to further develop its app and grow its leadership team. (TechCrunch)
608 Labs completes $22 million financing, angel investors from FTX and MEXC participate
On March 23, 608 Labs announced the completion of $22 million in financing, with former FTX member Ryan Caroson and MEXC Exchange Chief Operating Officer Mario Luttz and other investors participating.
608 Labs aims to build a tool and platform to help enterprises operate in the Web3 field and promote the Web3 industry to become more secure and decentralized. Animoca Brands provided the company with its first donation, and the new funds raised this time will be used to expand its team of developers and engineers. (Digital journal)
Market Maker DWF Labs Invests $20M in Synthetix
Market maker and investment firm DWF Labs is investing $20 million in on-chain liquidity and derivatives trading protocol Synthetix, March 20.
DWF Labs purchased $15 million worth of Synthetix’s native token, SNX, on March 16, followed by an additional $5 million, the Synthetix Treasury Committee announced via email on Monday.
As previously reported, DWF Labs has partnered with Synthetix to provide SNX with liquidity and market maker services.
Crypto Trading Firm Auros Global Has Ended Provisional Liquidation, Secures $17M Investment
On March 21, encryption trading company Auros Global was released last week from court-supervised provisional liquidation after a major debt restructuring, and was acquired by traditional high-frequency trading firm Vivienne Court Trading and listed bitcoin mining company Bit Digital. (BTBT) led a new $17 million investment. Auros received a sealed court order last Wednesday from a British Virgin Islands (BVI) judge terminating the provisional liquidation process, according to an Auros Global spokesperson.
It is reported that before the collapse of FTX, Auros was one of the top 10-15 digital asset market makers, processing about 1-2% of the total encrypted transactions. The company ran into liquidity problems in November when about $20 million in digital assets were trapped on the now-defunct FTX and failed to pay about $18 million in decentralized finance (DeFi) loans. After filing for provisional liquidation in the British Virgin Islands, the company spent about five months negotiating under court supervision how to pay outstanding debts and pay creditors.
On March 21, Metatime, a Turkish crypto exchange, announced the completion of a $11 million seed round of financing, with participation from Turkish investment company Yildiz Tekno GSYO and several angel investors.
Metatime co-founder and CEO Yusuf Sevim said Yildiz invested $150,000 for a 1% stake in Metatime, with the rest of the funding ($11 million) provided by angel investors in a token financing. A total of 33 undisclosed angel investors bought the token MetaCoin (MTC), with 100 million MTC sold for 5 cents and another 100 million MTC sold for 6 cents.
It is reported that Metatime was established in 2021 and has not yet started. It is preparing to launch a variety of products and services, including cryptocurrency trading platforms, wallets, NF markets, native blockchains, and stable coins. There are currently 208 employees and more positions are being recruited . Metatime will also hold several public token sales in the near future. Currently, Metatime's limited partners are some of the largest Turkish companies, including Halkbank, Turk Telekom and Kalyon Holding.
Layer 1 Network Radix Raises $10M at a $400M Valuation Led by DWF Labs
On March 24, Radix, a Layer 1 blockchain network, completed a financing of US$10 million at a valuation of US$400 million. This round of financing is in the form of token financing, and Radix CEO Piers Ridyard said that the financing is fully supported by DWF Labs. DWF has provided $8 million in funding, with the remaining $2 million to be provided in the near future. (the block)
On March 22, the encryption startup Turnkey announced the completion of a $7.5 million seed round of financing, with participation from Variant, Sequoia Capital, and Coinbase.
It is reported that Turnkey aims to be a tool that prioritizes the needs of developers and allows users to "generate hundreds of wallets and sign thousands of transactions on any chain."
On March 21, Gryfyn, an encrypted custody wallet, completed $7.5 million in financing, with Liberty City Ventures, GameFi Ventures, Lavender Hill Capital Partners, Mind Fund, Animoca Ventures, LeadBlock Partners, Angel Hub, Brinc, and angel investor Gabby Dizon participating.
It is reported that Gryfyn is a joint venture between Animoca Brands and Hex Trust to provide custodial encrypted wallets. Arnoldo Concepción, co-COO of Animoca Brands, has been announced as CEO of Gryfyn.
Particle Network, a Web3 development platform, completes $7 million in financing, led by ABCDE
On March 25, Particle Network, a Web3 development platform, announced the completion of $7 million in financing, led by ABCDE, with participation from Animoca Brands, Longhash Ventures, GSR Ventures, ArkStream Capital, OP Crypto, and HashKey.
Particle Network was established early last year, and its core product is a login and wallet middleware solution that helps developers integrate user-friendly Web3 authentication solutions into their decentralized applications.
In May last year, Particle Network announced the completion of US$1.5 million Pre-Seed financing, led by Longhash Ventures, Insignia Ventures Partners, Cyberconnect, Monad Labs, Bitcoke Ventures, 7 O'Clock Capital, FSC and many well-known individual investors and Internet founders Ginseng cast. (The Block)
'WebAssembly' company Dylibso closes $6.6M seed round led by Felicis
On March 25, “WebAssembly” company Dylibso announced the completion of a $6.6 million seed round of financing, led by Felicis, followed by boldstart ventures, Pebblebed and Crew Capital.
WebAssembly (wasm for short) is a virtual instruction set architecture (virtual ISA). The overall architecture includes the core ISA definition, binary code, definition and execution of program semantics, and application programming interfaces ( WebAssembly API).
It is reported that Modsurfer, the first product launched by Dylibso, is currently on the market and will focus on the four core areas of Web3/blockchain, browser, plug-in and server. (Finsmes)
On March 21, digital asset trading company Crossover Markets completed $6.35 million in seed round financing, Exness Ltd., Flow Traders, Gate.io, GMO Internet Group, Nomura's Laser Digital, Pepperstone, ThinkMarkets, TMGM, Two Sigma and Wintermute Ventures, etc. Participate in voting.
It is reported that Crossover Markets is launching a cryptocurrency trading platform CrossX. The Block)
Heartstocks closes €5 million funding round, with participation from Vanagon Ventures
On March 22, the financial technology company Heartstocks completed a financing of 5 million euros (about 5.32 million U.S. dollars) invested by Vanagon Ventures. Heartstocks attaches great importance to blockchain applications, and its technology can turn collectibles into investment objects. Tokenized securities have promoted Investing in digital stocks. (Hamburg News)
Metaverse infrastructure developer Hadean raises $5 million
On March 24, Metaverse infrastructure developer Hadean announced an additional $5 million in financing, with participation from Ericsson Ventures, Metrea Discovery, VU Venture Partners, Sanctor Capital, and Tirta Ventures. The new funding adds to the size of its Series A round, which will be used to build out its Metaverse infrastructure solutions.
It is reported that Hadean completed a US$30 million Series A financing in September last year. (Venture Beat)
On March 22, according to TechCrunch, Aspecta, an AI-driven digital identity ecosystem focused on developers, announced the completion of a $3.5 million seed round of financing, and announced the global public testing plan for its flagship product Aspecta ID.
Aspecta's seed round of financing consists of two phases, A and B. Phase A will be completed in April 2022, with the participation of ZhenFund, Qiji Chuangtan (formerly YC China), UpHonest Capital, Yale Alumni Fund and other institutions. Phase B will be completed in November 2022, with HashKey Capital, Foresight Ventures, SNZ Holding, Infinity Ventures Crypto and other institutions participated, raising a total of 3.5 million US dollars.
In addition, Aspecta has received strategic investment and donation support from project parties and ecosystems such as Galxe, CyberConnect, Mask Network, and P 12.
It is reported that Aspecta is a digital identity ecosystem that spans Web2 and Web3. Its core product, Aspecta ID, is based on cloud and on-chain data, and uses AI to create a digital identity that is user-controllable and has deep value. Aspecta ID focuses on developers to display, record and explore the three core functions, combine protocols and systems to drive digital identity ecology, and create a new paradigm of data ownership, interoperability and intelligent applications.
On March 22, Metaverse marketing platform Gamitronics announced the completion of a strategic financing of US$1.5 million, with Big Viking Games participating in the investment. The company’s CEO Rajat Ojha revealed that the pre-A round of financing has been launched and is expected to be completed in the next few months .
It is reported that PartyNite, the metaverse marketing platform launched by Gamitronics, mainly helps brands attract audiences. By selling virtual plots, brands can place advertisements in the virtual world. The new funds will help the company expand its business in Canada and the United States and enter the P2E chain game market.
Megaton Finance Completes $1.5 Million Seed Round Led by TONcoin.Fund
On March 21, the decentralized automated market maker exchange (AMM-DEX) Megaton Finance announced the completion of a $1.5 million seed round of financing, led by The Open Network (TON) ecological incubation accelerator TONcoin.Fund. Megaton Finance was developed by South Korean blockchain technology company OZYS to promote the development of the DeFi ecosystem and support developers/startups in the TON network. It is reported that the company has also received support from other sponsors, including Cypher Capital, First Stage Labs, Orbs , MEXC Ventures, etc.
On March 21, Carbonable, a carbon credit tracking protocol based on StarkNet, completed a $1.2 million seed round of financing, led by Ethereal Ventures and La Poste Ventures, and participated by Starkware.
It is reported that Carbonable aims to track the life cycle of carbon credits, including the different stages of project selection to monitoring, issuance and exit of carbon credits. (Coindesk)
On March 24, Negentropy Capital, a Web3 venture capital institution, has invested $500,000 in Her.AI, an OpenAI-based virtual girlfriend development and dressing game. This investment will be mainly used to develop a unique Fine-tuning image intimate partner, using AIGC to create a personalized companion development game experience based on user interaction training.
Blockchain real estate tech startup HouseAfrica raises $400,000
On March 25, HouseAfrica, a blockchain real estate technology start-up company, announced the completion of US$400,000 in financing. Participating investors include Future Africa, SSE Angel Network (SSEAN), ARM Labs, CV VC, Startupbootcamp Afritech, Niche Capital, Rebel Seed Capital, etc. . The new financing will be used to deepen technology development and scale adoption and the size of its team.
HouseAfrica provides real estate digitization and transparency tools to real estate developers and their clients. The company's flagship product Sytemap digitizes real estate project site maps using proprietary blockchain and map technology to create a private land registry. (Tech Economy)
On March 20, Ejara, a DeFi platform led by women in Cameroon, completed strategic financing, and Cardano ecosystem accelerator Adaverse participated in the investment. Ejara wants to improve economic opportunity for more than 400 million people, especially unbanked and unemployed youth and women in sub-Saharan Africa. To achieve this, Ejara combines traditional finance and cryptocurrencies to help Africans take control of their wealth.
Adaverse is the Cardano Ecosystem Accelerator, a joint venture between EMURGO Africa and Everest Ventures Group to accelerate Web3 startups in Africa
Immersive Cooling Company LiquidStack Closes Series B Funding with Trane Technologies Participating
On March 22, immersion cooling technology company LiquidStack announced that it has received an undisclosed amount of Series B funding from Trane Technologies (TT). This round of financing will be used to expand the manufacturing scale and set up a factory in the United States in the third quarter to expand product research and development and commercial operations.
LiquidStack started developing in Hong Kong in the early days of Bitcoin mining. It was merged into the German mining company Birfury in 2015 and will operate independently again in 2021. It not only deploys immersion cooling for mining, but also conducts mining on a large scale. (CoinDesk)
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