According to Odaily's incomplete statistics, there were 19 blockchain financing incidents at home and abroad announced from May 29 to June 4, a significant decrease from last week's data (29). The total disclosed financing was approximately US$167 million. There was also a significant drop from last week's figure ($260 million).
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):
Web3 Wallet Magic Completes $52M Funding Led by PayPal Ventures
On May 31, Web3 wallet Magic announced it had raised $52 million in a strategic funding round led by PayPal Ventures, with participation from Cherubic, Synchrony, KX, Northzone and Volt Capital. The new funding round brings the company’s total funding to more than $80 million.
To date, Magic has generated over 20 million unique wallets and its SDK is used by over 130,000 developers.
Magic is a wallet-as-a-service provider that helps businesses onboard users to web3 through instant non-custodial wallet creation. It uses email or social logins while removing the need for seed phrases and browser extensions - making it indistinguishable from the standard web2 experience everyday users are used to.
Anoma Foundation Closes $25 Million Funding Led by CMCC Global
On May 31, Anoma Foundation, a cryptocurrency infrastructure company, completed a $25 million financing led by CMCC Global. Other investors in the round included Electric Capital, Delphi Digital, Dialectic, KR 1, Spartan, NGC, MH Ventures, Bixin Ventures, No Limit, Plassa, Perridon Ventures, Anagram, and Factor, among others. Anoma Foundation raised $26 million in November 2021 in a funding round led by Polychain Capital.
The Anoma Foundation currently manages Namada, a blockchain focused on multi-chain privacy, and Anoma, a privacy-preserving protocol. (CoinDesk)
Fiat aggregator Transak closes $20M Series A round led by CE Innovation Capital
On May 30th, Web3 payment and fiat currency aggregator Transak completed a US$20 million Series A financing led by CE Innovation Capital. Participating investors include SBI Ven Capital, Sygnum, Azimut, Third Kind Venture Capital, UOB Venture Management, Signum Capital, Animoca Brands, Genting Ventures, Istari Ventures, No Limit Holdings, Woodstock Fund, IOSG Ventures, KX, Axelar, Tokentus and The Lao.
Additionally, the round has attracted investments from many leading web3 personalities and angel investors such as Jan Hammer from Index Ventures, Charles Delingpole from ComplyAdvantage and Sandeep Nailwal from Polygon.
With this financing, Transak will strengthen its global reach and strengthen the development of its onboarding solutions, with a particular focus on web3 games and financial applications.
It is reported that Transak allows users to trade more than 160 cryptocurrencies in any application, website or Web3 plug-in, and provides a flexible SDK and white label API.
On May 29, TradeWaltz, a blockchain-based trade collaboration platform, received 1.65 billion yen (about 11.76 million U.S. dollars) in financing from Sumitomo Corporation, bringing its cumulative financing to 5.65 billion yen. The new financing will be used to strengthen the sales and development system.
TradeWaltz is a blockchain-based trade information cooperation platform dedicated to fully electronicizing trade procedures. In addition, the demonstration experiment of value-added services such as tracking the location information of goods and digital currency settlement through cooperation with other company platforms has also achieved success. (CoinDesk Japan)
Chain game Illuvium completes $10 million in financing, Framework Ventures participates
On May 31, Kieran Warwick, co-founder of blockchain game Illuvium, announced that Illuvium has raised $10 million from Framework Ventures, which will be used to accelerate game development and support its distributed team of contributors. The tokens involved in this financing transaction will be locked for two years and will not be included in the pledge, so they will not participate in the distribution of benefits.
Illuvium is about to launch its public beta with three interoperable AAA games: Illuvium: Zero (city-building game), Illuvium: Overworld (monster world), and Illuvium: Arena (arena).
On May 29, Tabi (formerly Treasureland), an NFT trading platform based on BNB Chain, completed an angel round of financing of US$10 million. Venture capital institutions Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures, Youbi Capital and individual investors Feng Bo from Dragonfly Capital, Riyad AD from Saudi Arabia and Suji Yan from Mask Network participated in the round. According to the developers, the funding will be primarily used to develop Tabi’s gaming ecosystem and build out its upcoming on-chain identity protocol.
In addition to NFT transactions and Launchpad functions, Tabi also converts users' on-chain activities into "experience points" that can be redeemed for future airdrop rewards and benefits. The agreement also includes a game platform that aggregates blockchain game transactions and entertainment. (Cointelegraph)
Hogwarts Labs Announces Pre-Series A Financing, Bringing Cumulative Funding to $8 Million
On June 1, Hogwarts Labs, a dApps research and development company focusing on Web3+AI, announced the completion of the Pre-A round of financing, with a total financing of 8 million US dollars. HashGlobal, Matrix Partners, XIN Family and DHVC led the investment, SevenX, Alliance, SKY 9, NGC Ventures, EVG, No Limit Holdings, Stratified Capital, Old Fashion Research, North Beta Capital and Puzzle Ventures participated in the round.
It is reported that Hogwarts Labs is committed to accelerating mass adoption by continuing to develop dApps and Appchain in the Web3 and AI fields. Its first product, QuestN, is a one-stop marketing, growth and analysis platform serving the Web3 field. At present, the total number of users has exceeded 2.5 million, and the DAU exceeds 80,000. At the same time, Hogwarts Labs announced that the second AI assistant product serving Web3 users will be released no earlier than Q4.
On June 1, according to Binance’s official announcement, Binance Labs announced that it and Web2 game giant FunPlus jointly led the $6.6 million seed round financing of Web3 game DApp Fusionist to promote the innovation and adoption of Web3 games.
Fusionist will use the new funding to continue accelerating game development and building out the Endurance mainnet ecosystem launching in January 2023. In addition, Fusionist also plans to strengthen user growth and recruit more gaming and Web3 professionals to expand the team.
It is reported that Fusionist has successfully launched three NFT series, is currently undergoing beta testing on Steam, and will initially launch its games on the BNB Chain.
NFT aggregator DeGame raises $6.5 million led by Folius Ventures, Kenetic Capital
On May 30, NFT aggregator DeGame announced its second round of financing of US$6.5 million and plans to conduct a genesis airdrop to DeGame users. The round was led by Folius Ventures, Kenetic Capital and A&T Capital, followed by NGC Ventures, Hack VC, Hashkey Capital, Avalanche, Golden Bull, Y 2 Z Ventures, Collingstar Capital, Sfermion, Bixin Ventures, Assembly Partners , FBG Capital, LucidBlue Ventures, Ranger Protocol, etc.
In addition, DeGame launched the Web3 Proof of Contribution (PoC) Platform, which will cooperate with chain game project parties to launch the creation airdrop event. Individuals, KoL, guilds, developers, etc. who made key contributions to the Degame PoC community in the early days will all receive contributions It proves that the corresponding NFT and Token airdrop incentives will be obtained in the future. (Cointelegraph)
Digital Asset Marketplace Blocktrade Completes €4.5 Million Financing
On May 29, the digital asset market Blocktrade announced the completion of 4.5 million euros (about 4.81 million U.S. dollars) in financing, with 1,400 private investors from 42 countries participating.
It is reported that Blocktrade completed a 22 million euro A round of financing in the same way in 2021, when the participating investors came from 33 countries/regions. Founded in 2018, Blocktrade facilitates cryptocurrency trading by providing a social and gamified experience.
According to news last September, Web3 Investco AG, a private equity firm headquartered in Zug Encryption Valley, Switzerland, announced the acquisition of Blocktrade, an encrypted asset trading platform, and acquired 100% of the company's voting shares. Blocktrade is currently registered as a virtual asset service provider (VASP) in Estonia and Italy. After the completion of the acquisition, Blocktrade will launch new products such as pledges and tokenized stocks. (Blockchain Reporter)
Crypto Wallet Development Platform Demox Labs Completes $4.5 Million Funding Led by HackVC
On June 2, Demox Labs, an encrypted wallet development platform, completed a financing of US$4.5 million, led by HackVC.
It is reported that Demox Labs will support the development of various products for the privacy blockchain Aleo, and its first product is the privacy protection wallet Leo Wallet. (Axios)
Web3 distribution platform MetaZone closes $3M funding led by Sfermion and CMT Digital
On May 31, Web3 digital content and application distribution platform MetaZone announced the completion of a US$3 million seed round of financing, led by Sfermion and CMT Digital, Tess Ventures, IOSG Ventures, IVC (Infinity Ventures Crypto), Polygon Studios, MHC Digital and LucidBlue Ventures Participate in voting.
It is reported that MetaZone allows creators and developers to cast NFT 3D digital content and distribute it in the Metaverse. Each creator's META (metaverse-backed tokenized application) is assigned an NFT representing its value, ownership, and access rights. These NFTs can be purchased and used to install applications on digital land for use by owners and visitors of that land.
On June 2, Japan Encrypted Assets Investment Co., Ltd. and Shared Capital jointly completed the second round of seed financing for the AI WORLD aggregation platform, with an investment scale of 2.8 million US dollars. This financing will be used to support the ecological construction and technology development of AI WORLD , promote the casting of AI WORLD network blockchain nodes, and become the first holders of AI WORLD network ecological nodes.
It is reported that the joining of Japan Encrypted Assets Investment Co., Ltd. and Shared Capital has brought strong financial support and strategic partners to AI WORLD to open up a broader development space, and accelerate the layout and realization of AI WORLD's vision in AI+CRYPTO computing power nodes.
On May 30, zero-knowledge identity oracle provider zkMe completed a $2 million Pre-Seed round of financing, with participation from Circle Ventures, Spartan Group, CMS Holdings, Fenbushi Capital, NGC Ventures, and Arkstream Capital.
zkMe plans to use this round of financing to accelerate development, complete the mainnet test and launch the customer registration function within one month.
It is reported that ZkMe allows users to encrypt their data and use ZKP to prove their claims on their own devices to effectively verify user qualifications while protecting privacy.
Encryption technology company Quantum Blockchain completes about 1 million pounds in financing
On June 1, the cryptocurrency technology company Quantum Blockchain (QBT) announced the completion of 1 million pounds (about 1.24 million U.S. dollars) of financing through stock placement. The new funds will be used to accelerate the development of its bitcoin mining machine algorithms and software products. At the same time expand business in North America.
It is reported that QBT is a research and development and investment company listed on AIM of the London Stock Exchange, focusing on research and development programs in the field of blockchain technology, including cryptocurrency mining and other blockchain applications.
ZK-EVM Kakarot completed the pre-seed round of financing, V God participated in the investment
On June 2, ZK EVM Kakarot launched by Starknet completed the pre-seed round of financing. StarkWare, LambdaClass and other institutions, as well as angel investors such as Vitalik Buterin, Nicolas Bacca, Rand Hindi, etc. participated in the investment. The specific investment details and amount have not been disclosed yet.
LSD Stablecoin Protocol Prisma Finance Completes Financing, OKX Ventures and Others Participate
On June 1, according to official news, the LSD stablecoin protocol Prisma Finance completed a round of financing. The specific amount was not disclosed. Curve Finance founder Michael Egorov, Convex Finance founder C 2 tP, FRAX Finance, Conic Finance, Tetranode, Llama Airforce , CoinGecko founder, OKX Ventures, DeFiDad, MrBlock, Impossible Finance, 0x Maki, GBV, Agnostic Fund, Swell Network founder, Adam Cochran, The Block's Eden Research Director, Ankr Founders, MCEG, Eric Chen, etc. participated in the investment.
Prisma allows users to swap their native overcollateralized stablecoin acUSD for any of the supported LSTs, providing capital efficiency for holders of liquid collateralized ETH. With the help of ETH staking rewards, loans guaranteed by LST will eventually be recovered. As the Curve pool grows, users can stake their stablecoins and earn further rewards in the form of CRV and CVX.
Prisma will support the following assets after launch: wstETH (Lido), cbETH (Coinbase), rETH (Rocket Pool), sfrxETH (Frax Ether), WBETH (Binance).
Tether Announces Investment in CityPay.io to Expand Its Operations in Georgia
On May 31, Tether announced an investment in CityPay.io to expand its operations in Georgia. It is reported that CityPay.io is a leading payment processing company active in more than 600 locations across the country, including stores, hotels, restaurants and more.
CityPay.io provides a seamless payment experience for customers of hundreds of hotels including Wendy's and Radisson Hotels. By investing in CityPay.io, Tether aims to bring greater efficiency and convenience to Georgia's payments industry.
Tether is the first stablecoin invested in CityPay.io, marking a major milestone for the payment processing industry. This investment will allow CityPay.io to expand its business and improve its services, ultimately benefiting customers in Georgia.
TomoChain Receives Strategic Investment from Coin 98
On May 29, according to official news, TomoChain, a scalable blockchain, announced that it has received a strategic investment from Coin 98. After that, Coin 98 will be integrated into TomoChain as an official wallet.
TomoChain will use the new funds to strengthen its infrastructure, support innovative technologies, and prepare for the onboarding of dApps that will be developed on its network.
IOS
Android