According to incomplete statistics from Odaily, a total of 13 blockchain financing events at home and abroad were announced from November 20th to November 26th, which was a significant decrease from last week’s data (26 cases). The total disclosed financing amount was approximately US$93 million, which was significantly lower than last week’s data (26 cases). Last weeks figure ($300 million) dropped significantly.
Last week, the project that received the most funding was Layer 2 network Blast ($20 million); data privacy solution Privy was close behind ($18 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 November 21, Blast, a Layer 2 network based on Optimistic Rollup, announced the completion of $20 million in financing, with participation from Paradigm, Standard Crypto, eGirl Capital, Mechanism Capital co-founder Andrew Kang, Lido strategic advisor Hasu, The Block CEO Larry Cermak and others.
It is reported that Blast was jointly created by Blur founder Pacman and a team with rich experience in MakerDAO, MIT, Yale University, and Seoul National University.
On November 21, according to Fortune magazine, data privacy solution Privy completed an $18 million Series A round of financing, led by Paradigm and participated by Sequoia Capital and others.
Privy also announced on Tuesday that Huang, a former Sequoia Capital partner and Stripe board member, will join Privys board of directors.
On November 25, the unofficial community DAO organization AzukiDAO announced that it would change its name to Bean, transform into a MEME coin project and become part of the Blast ecosystem. It also claims that Bean has secured $10 million in funding to develop and accelerate growth within the Blast ecosystem.
According to its statement, the total Bean supply will reach 1 billion, with “50% of Bean tokens being allocated to the AzukiDAO community for the Azuki Series NFT airdrop,” which ended four months ago. “The remaining tokens are still in the address. 40% of the beans are allocated to the Bean Treasury and 10% of the beans are allocated to Zagabond and are still in the address.”
On November 23, Singapore-based NFT gaming company Matr1x announced the completion of $10 million in Series A-2 financing, led by Folius Ventures (SevenX is the co-lead investor), with participation from ABCDE Capital, Jambo, Initiate Capital and Find Satoshi lab. So far Matr1x has raised US$20 million. The new funding will be used to launch its NFT shooter mobile game.
It is reported that Matr1x Fire is the studios flagship product, a first-person shooter for mobile devices that allows players to choose from a roster of playable characters and fight in teams of five. The game is still in development; in the meantime, the studio has released two NFT series and plans to release a third series that will serve as a membership pass and provide buyers with upgradeable battle pets.
On November 26, distributed computing platform Expanso completed a $7.5 million seed round of financing, led by General Catalyst and Hetz Ventures.
Expanso founder and CEO David Aronchick formerly worked at Protocol Lab. David Aronchick said that this round of financing will be used to promote the development of Bacalhau, its open source data processing platform, and configure additional nodes to add more capacity to handle more data tasks, including distributed training AI machine learning, processing application logs, etc. . (VentureBeat)
On November 20, Panoptic, a DeFi protocol based on Uniswap, completed a US$7 million seed round of financing, led by Greenfield Capital, with participation from HashKey, gumi Cryptos Capital (gCC), L1 D, Heartcore Capital, Comma 3 and Zee Prime Capital. This brings Panoptic’s total funding to $11.5 million.
The new funding will help Panoptic further develop the platform during its current beta testing phase before launching on the Ethereum mainnet and releasing its V2 product.
On November 20, the crypto exchange OMTrade completed a $6 million seed round of financing, led by the STEPN development team Find Satoshi Lab, Folius Ventures and Incuba Alpha, KSK Fund and a star group consisting of Web3 founders, Web2 entrepreneurs, and hedge fund managers. lineup, traders, etc. participated in the investment.
On November 20, Web3 game protocol Saga announced that it had completed a US$5 million seed round of financing, led by Placeholder, which brought Saga’s total financing to US$13.5 million.
It is reported that Saga will launch its mainnet in January next year. Rebecca Liao, co-founder and CEO of Saga, said Saga’s main appeal is its scalability. In addition, Saga plans to start airdrops for developers participating in the testnet, and then provide airdrops to community members. Liao said airdrop requirements will be “pretty high” to deter speculators.
On November 21, Web3 SocialFi and antivirus software De.Fi completed a DEFI token sale financing worth more than $5 million, with investors including HOF Capital, OKX Ventures, Huobi Ventures, MEXC, and directors of Coinbase and Binance.
On November 22, the derivatives trading protocol IntentX announced the completion of a US$2.5 million seed round of financing, led by Magnus Capital, with participating investors including Agnostic Fund, Prismatic Capital, MS 2 Capital, Coral DeFi, Contango Digital Assets, Castle Capital, etc.
IntentX has released an Open Beta version, providing trading for more than 180 perpetual currency pairs. On the IntentX platform, market makers (solvers) can pool their funds to fulfill specific trading requests (intent) with instant liquidity.
On November 21, Fence, a Spanish blockchain debt automation management platform, announced the completion of a €1.8 million Pre-Seed round of financing, led by Semantic.vc, with participation from Crane Earth, Actyus and multiple angel investors. The new financing will be used to continue investing in development and technology and expand the business to serve more banks, private debt funds and fintech companies in Europe. In line with its global expansion plans, Fence will double the size of its Madrid-based team by the end of the year.
According to reports, the technology solution designed by Fence implements a SaaS platform designed to automate debt management for asset financing. Thanks to Fence and its integration via API, investors have access to real-time updated debt information, improving decision-making.
On November 21, the cryptocurrency trading platform Manta Exchange completed a new round of financing, with participation from ABCDE Labs, UOB Venture Management, C² Ventures and Ocular. The amount of financing has not yet been disclosed.
On November 22, Vistara announced the completion of its first round of financing. This round of financing was co-led by D 1 Ventures and Factor, with participation from Celestia CEO Mustafa Al-Bassam, Celestia COO Nick White, and Public Works founded by Gitcoin co-founder Scott Moore. invest.
Vistara is building a Hardware Availability Layer (HAL) to drive adoption of modular networking globally. With Vistara, engineers, hardware providers and users can collaborate to share and access the resources they need to create or participate in distributed networks that can dynamically adapt to the demands of globalization.