According to incomplete statistics from Odaily, a total of 14 blockchain financing events at home and abroad were announced from October 16th to October 22nd, which was a decrease from last week’s data (16 cases). The total amount of financing disclosed was approximately US$120 million. Thats up from last weeks figure ($92 million).
Last week, the project that received the most investment was digital identity solution Prove Identity ($40 million); decentralized derivatives protocol SynFutures followed closely ($22 million).
The following are specific financing events (Note: 1. Sorted according to the announced amount; 2. Excludes fund raising and mergers and acquisitions; 3. *Represents companies in the traditional field where some of the business involves blockchain):
On October 18, digital identity solution Prove Identity completed $40 million in financing, led by MassMutual Ventures and Capital One Ventures. Prove Identity will use the funding from this round to launch new business support and anti-fraud use cases and continue to expand Prove’s business globally.
SynFutures completes US$22 million in Series B financing, led by Pantera Capital
On October 19, the decentralized derivatives protocol SynFutures announced the completion of a $22 million Series B financing. Pantera Capital led the investment in Susquehanna International Group (SIG DTI), subsidiaries SIG DT Investments and HashKey Capital participated. SynFutures’ total financing amount has reached $38 million.
On October 19, video game platform Forge announced the completion of an $11 million seed round of financing, led by Makers Fund, BITKRAFT Ventures, and Animoca Brands, with participation from Hashkey Capital, Polygon Ventures, Formless Capital, and Adaverse. Additionally, Forge announced that a beta version is open to players.
On October 18, DeFi protocol Elixir Protocol completed a US$7.5 million Series A financing at a US$100 million valuation, led by Hack VC, NGC Ventures, AngelList Ventures, Bloccelerate and angel investors from Ledger Prime, Genesis Trading and Hudson River Trading Waiting for participation.
It is reported that Elixir allows users to provide liquidity directly to trading pairs on order book exchanges and receive market maker rewards similar to AMM.
Chain game Upland completes US$7 million in financing, led by EOS Network Ventures
On October 20, real estate transaction chain game Upland completed a US$7 million Series A expansion financing, led by EOS Network Ventures. This round of funding will be used to add game features that allow players to purchase digital land on real-world maps. Developed on EOS, Upland has plans to launch tokens on Ethereum.
Crypto data company Coin Metrics raises $6.7 million
On October 20, encrypted data company Coin Metrics announced the completion of approximately US$6.7 million in financing. This financing included a variety of security types such as equity and options. Specific investors were not disclosed. Coin Metrics provides data on cryptocurrency markets, networks and prices.
On October 17, Squads Labs, the main development company of Solana ecological multi-signature management tool Squads, completed a strategic financing of US$5.7 million, led by Placeholder VC, Multicoin Capital, Solana Ventures, Jump Crypto, Solana Labs co-founder Anatoly Yakovenko, and Jito Labs chief executive Executive Lucas Bruder, Helius Labs CEO Mert Mumtaz and others participated in the investment.
Squads Labs co-founder Stepan Simkin revealed that this was a funding round with token warrants, but declined to comment on the valuation. To date, Squads Labs has raised total funding of $12.5 million.
AI blockchain platform MyShell completes US$5.6 million in seed round financing, led by INCE Capital
On October 16, the AI blockchain platform MyShell announced the completion of a US$5.6 million seed round of financing at a valuation of US$57 million. This round of financing was led by INCE Capital, with participation from Hashkey Capital, Folius Ventures, SevenX Ventures, OP Crypto, etc. These funds will be mainly used to develop proprietary AI models and build a powerful creative workshop for AI native applications, thereby gradually forming a prosperous creator ecosystem on the blockchain.
Beluga completes US$4 million in seed round financing, led by Fin Capital
On October 20, Beluga, a cryptocurrency platform for new user guidance, completed a US$4 million seed round of financing, led by Fin Capital, Anagram, UDHC, Dispersion Capital, Aptos Labs, 2 Punks Capital, Borderless Capital, Kyber Capital, 186 Ventures , W 11 Capital and Rubik Ventures participated in the investment.
On October 18, Animoca Brands announced that its subsidiary Darewise Entertainment has completed a $3.5 million private placement round through pre-sale of upcoming tokens. Gamefi Ventures, London Real Ventures, Citizen Capital, Blocore, Animoca Ventures and co-founders of Animoca Brands Yat Siu and others participated in the investment.
The new Darewise ecosystem token is expected to be released on the Bitcoin network in early 2024, with the upcoming AAA MMO game Life Beyond being its first adopter.
Chain gaming studio Third Time completes US$2 million in financing, led by Sfermion
On October 21, game studio Third Time announced that it had completed a $2 million Seed+ round of financing, led by Sfermion, with participation from Reciprocal Ventures, Big Brain Holdings, 32-Bit Ventures and 6th Man Ventures. Third Time launched Photo Finish LIVE, a Solana-based horse racing game this year.
On October 18, Cerebrum Tech, a generative AI, gaming and Web3 solution, announced that it had completed US$1.8 million in financing at a valuation of US$15 million. Boğaziçi Ventures led the investment and Inveo Ventures Coinvestment venture capital fund participated.
It is reported that Cerebrum Tech mainly provides institutional customers with solutions such as generative artificial intelligence, Web3, and games, including building 3D virtual images and metaverse experiences. It also uses blockchain technology and decentralization principles to develop immersive game platforms and applications. Program that allows players to take ownership of in-game assets.
Fileverse raises US$1.5 million in seed funding to build crypto-native decentralized applications
On October 17, Singapore-based Fileverse announced the completion of a US$1.5 million seed round of financing, led by Gnosis Chain and Factor, with participation from Safe, MaskNetwork, Arweave, Waterdrip Capital, Forward Research, Galxe, Balaji and others.
The project aims to build decentralized encrypted native applications to replace traditional Web2 Internet products, such as Google Workspace and Notion, and solve problems such as privacy violations, intrusive advertising, and limited user ownership.
On October 20, hardware encryption wallet startup Ryder completed $1.2 million in financing, with participation from Oak Grove Ventures, Bitcoin Frontier Fund, Muneeb Ali of Trust Machines, and SBX Capital.
At the same time, Ryder launched its flagship product Ryder One, which supports the innovative TapSafe recovery function to replace the mnemonic phrase.
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