According to incomplete statistics from Odaily, a total of 38 domestic and overseas blockchain financing events were announced from March 25 to March 31, an increase from last week’s data (31 cases). Total disclosed funding was approximately $222 million, down from last weeks figure ($278 million).
Last week, the project that received the largest amount of investment was the EVM-compatible public chain IoTeX (USD 50 million); the consumer-focused public chain XION followed closely behind (USD 25 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 April 3, the DePIN-optimized Ethereum-compatible blockchain IoTeX ecosystem received US$50 million in financing. This round of financing was participated by Borderless Capital, Amber Group, Foresight Ventures, FutureMoney Group, SNZ, Metrics Ventures, E V3 and Waterdrip Capital. cast.
On April 1, XION, a blockchain network focused on consumer-centric developers, announced that it had completed a $25 million Series A round of financing earlier this month, with participation from Multicoin, Animoca Brands and Arrington Capital.
Ellipsis Labs completes $20 million in Series A financing, led by Paradigm
On April 4, Phoenix development company Ellipsis Labs announced the completion of a $20 million Series A round of financing, with Paradigm leading the investment and Electric Capital participating.
The companys first product is the Solana ecological decentralized exchange Phoenix, which was launched in February 2023 and launched a public-facing user interface in August last year.
Stablecoin issuing company Agora completed a $12 million seed round of financing, led by Dragonfly
On April 2, stablecoin issuing company Agora announced the completion of a $12 million seed round of financing, led by Dragonfly, with participation from General Catalyst and Robot Ventures. Agora, co-founded by Van Eck and cryptocurrency veterans Drake Evans and Joe McGrady, issues stablecoins backed by cash, U.S. Treasuries and overnight repurchase agreements.
Mika Games completes US$10 million in first round of financing, led by Flint Capital
On April 2, Mika Games, a Web3 game investment institution established by Wargaming co-founder Nick Katselapov, completed a first-round financing of US$10 million, led by Boston venture capital institution Flint Capital.
On April 2, Singapore-based Web3 gaming company Gomble Games announced the completion of US$10 million in financing, with participation from Binance Labs, Spartan, Hashed, Shima Capital, Animoca Brands, Altos Ventures, IOSG Ventures, Foresight Ventures, BigBrain Holdings, and others.
On April 2, the decentralized AI cloud gaming protocol DeepLink recently completed an angel round and Series A financing totaling US$8 million. Gobi Ventures, Hycons, DBC, ROCK Ventures and other companies participated in the investment, and PS, KMTLE, Dan FamilyWorks, BTR , Horman, FireHustle and other Japanese, North American, European and other Asian communities participated in the investment.
Zeus Network raises $8 million at $100 million valuation, led by Mechanism Capital
On April 4, Solana ecological cross-chain communication network Zeus Network announced that it has completed US$8 million in financing at a valuation of US$100 million and will launch its native token. Mechanism Capital led the investment, OKX Ventures, Animoca Ventures, Big Brain Holdings, Lemniscap and The Spartan Group. Angel investors including Solana co-founder Anatoly Yakovenko, Stacks co-founder Muneeb Ali and Mechanism Capital founder Andrew Kang also participated in this round of financing. Justin Wang, founder and CEO of Zeus Network, said that this round of financing is in the form of a Simple Agreement for Future Tokens (SAFT) and will be conducted in batches.
On April 3, Web3 AI company Raiinmaker announced the completion of a US$7.5 million seed round of financing, led by Jump Capital and Cypher Capital, with participation from Gate.io Labs, MEXC Global, Krypital Group, Alphabit, Launchpool, New Tribe Capital, Basics Capital, etc. .
On April 4, Ethereum Layer 2 blockchain LightLink announced the completion of a total of US$6.2 million in seed round financing, with participation from MH Ventures, Nxgen, and several individual crypto investors. The new funds will help the company continue to build a Web3 ecosystem for enterprise partners. system, and improve proprietary technology to achieve Gas-free transactions for users.
SOAI completes US$5 million in angel round financing, led by Archer Capital and XForce Capital
On April 2, according to official news, the AI social platform SOAI completed an institutional angel round of financing of US$5 million, of which Archer Capital invested US$3 million and XForce Capital invested US$2 million.
This round of financing will accelerate SOAIs technological innovation and market expansion in the field of AI emotional communication. New plans include deepening AI emotion understanding and matching technology, optimizing user experience, and expanding the global market.
On April 6, the crypto asset recovery project Station 70 recently announced the completion of a $5 million seed round of financing, led by Matt Walsh and Castle Island Ventures, with participation from Notation Capital, Semantic Ventures, SCB 10X and CoinShares.
On April 6, Web3 social simulation game Today announced the completion of a US$5 million seed round of financing, led by Sfermion and Big Brain Holdings, GSR, Collab+Currency, Lingfeng Innovation Fund, Compute Ventures, Builder Capital, Tommy Tran, Metavest Capital, 32 Bit Ventures, Dingaling, Grail and Spirit DAO participated in the investment, and the new funds will be used to further develop its smart NPC and no-code creator tools based on generative AI.
On April 3, Gasp (formerly Mangata Finance), a cross-chain exchange protocol based on EigenLayer, announced the completion of US$5 million in private financing, with participation from Polychain Capital, CMS Holdings, Master Ventures, Token Metrics and Cluster Capital. Sources said this round of financing brings Gasps FDV to $80 million.
Legitimate completes $4.3 million in seed round led by Lemniscap
On April 3, NFT company Legitimate completed a US$4.3 million seed round of financing, led by Lemniscap, with participation from Draper Associates, Sfermion Factor VC and others.
On-chain project Legitimate aims to synchronize physical assets with their digital counterparts. Through Legitimates LGT label, Legitimate enables projects to embed digital content into their physical goods. The LGT tag is a special encrypted NFC (Near Field Communication) chip that can be seamlessly integrated into the customers supply chain and production process.
Modular L2 blockchain Camp Network completes US$4 million in seed round financing, led by Maven 11
On April 3, the modular Layer 2 blockchain Camp Network completed a US$4 million seed round of financing, led by Maven 11, with participation from OKX, Protagonist, Inception Capital, Paper Ventures, HTX, Moonrock Capital and Eterna Capital. The new funds will Used to support the construction of the network. In addition, the 20 active teams within the Camp Network ecosystem will receive funds to expand their teams. It is reported that its testnet will be launched this month and the mainnet is expected to be launched in June.
On April 6, Bythen, a human-computer interaction AI protocol based on Ethereum, announced the completion of a US$3 million seed round of financing, with participation from East Ventures, BEENEXT, ED 3 N, GuildFi Global, Dingaling, Grail.eth, GiulioX, etc.
DeFi protocol NAV announces completion of $3 million in Pre-Seed round of financing
On April 4, DeFi protocol NAV announced the completion of a $3 million Pre-Seed round of financing on the X platform, with more than 70 angel investors, whales, founders, DAOs and VCs participating. The protocol is said to be committed to using its structured investment products (SIPs) to bring changes to the DeFi field.
On April 5, Bitcoin L2 Zulu Network based on the dual-layer architecture design of EVM and UTXO announced the completion of a $3 million Pre-Seed round of financing from Cryptogram Venture (CGV), D 11 Labs, Web3.com Ventures, Satoshi Labs, Splinter Node Capital, Polk Street Capital, BlueRun Ventures China, Ledger Capital, Link Capital, Jingle Mining, Waterdrip Capital, K 24 Ventures and CatcherVC also participated.
On April 2, NFT application layer Moongate completed a $2.7 million seed round of financing to expand its modular Web3 interactive layer built for real-world activation.
This round of financing was led by CMCC Global’s Titan Fund, with participation from Token Bay Capital, Penrose Ventures, RNR Capital, Cogitent Ventures, GBV, PHD Capital and other funds, as well as angel investors such as Coingecko, Synthetix and Dolphin Browser. In addition, the ecosystems of Arbitrum, Polygon, Avalanche and BNB Chain also provide support.
Blockchain technology company Hyperbridge secures $2.6 million in funding via Polkadot Crowdloan
On April 1, blockchain technology company Hyperbridge successfully completed $2.6 million in financing through Polkadot Crowdloan. The new funding will be used to further develop its technology platform. Hyperbridge leverages Polkadots architecture and aims to open up new possibilities for decentralized applications (DApps) and improve the scalability and efficiency of the Web3 ecosystem.
On April 3, Arbitrum ecological LRTfi application AutoLayer announced the completion of a US$2.5 million seed round of financing, with participation from KuCoin Labs, Staked.vc, Morningstar Ventures, BlackEdge Capital, Spark Digital Capital, Poolz Ventures, Dewhales and others.
On April 2, DOS Labs, a development company for the Web3 battle royale game MetaDOS, completed US$2.45 million in financing, with participation from Kangaroo Capital, AZA Ventures, Brainbox, GD 10 Capital, Avalon Wealth Club, and others.
On April 5, Web3 participation incentive protocol BonusBlock announced the completion of US$2.3 million in financing from Laser Digital, iAngels, Cogient Ventures, NewTribe Capital, Faculty Group, Kyros Ventures, ZBS Capital, Rarestone Ventures, LVT Capital, Momentum 6, Purechain Capital, Burnt (XION), Eclipse Fi, and a group of angel investors participated in the investment. BonusBlock is able to leverage white label solutions to reliably attract high-quality, proven users, helping projects identify more reliable Web3 user engagement information.
Merkle Trade raises $2.1 million in seed round led by Hashed and Arrington Capital
On April 1, the decentralized trading platform Merkle Trade completed a US$2.1 million seed round of financing. Hashed and Arrington Capital co-led the investment, with participation from Morningstar Ventures, Amber Group, Aptos Labs, Re 7 Capital and Dorahacks.
Merkle Trade will use the funds from this round of financing for its protocol’s growth plans. (Decrypt)
XRADERS completed US$2.1 million in financing, with participation from FBG Capital and others
On April 2, XRADERS, the Al transaction management platform on BNB Chain, announced the completion of US$2.1 million in Pre-Seed and seed round financing from FBG Capital, Basics Capital, GM Ventures, MARBLEX, Icetea Labs, Asteroid Capital, Marshland Capital, Digital Strategies, Alpha Protocol Ventures, GBV Capital and others participated in the investment.
On-chain data analysis platform Dune completes US$2 million in financing
On April 5, hagaetc.eth, co-founder and CEO of on-chain data analysis platform Dune, posted on the party information.
On April 5, the full-chain AI game Cellula completed a $2 million Pre-Seed round of financing. SevenX Ventures and OKX Ventures jointly led the investment, with participation from Mask Network, Foresight Ventures and others. The team stated that the new funds will be used for multi-chain deployment, new game development, team operations, etc.
Web3 asset data platform RootData completes US$1.25 million in seed round financing, led by NLVC
On April 5, Web3 asset data platform RootData announced the completion of a US$1.25 million seed round of financing, led by NLVC, Boyaa Interactive, Bonfire Union Ventures (a fund of Mask Network), Sending Labs, Skyland Ventures, GoPlus, Basics Capital, Rebase D. Ventures, UniSat, and SeeDAO participated in the investment. Orbiter Finance founder Gavin, Alchemy Pay co-founder Shawn Shi, and 0x Scope co-founder Jackson also participated in this round of financing. This round of financing will mainly be used for product research and development, market expansion, etc.
BONSAI developer MadFi completes US$1 million in angel round financing, led by PTC Crypto
On April 5, MadFi, the developer of the DN-404 token BONSAI on the Polygon chain, announced the completion of an angel round of financing of US$1 million, led by PTC Crypto, with participation from Social Graph Ventures, Avara and a group of angel investors. BONSAI tokens can enable creators on Lens Protocol to generate revenue through collectible content, information flow token exchange, gamification staking, novel advertising models, and more.
GameFi project Trex 20 on Bitcoin chain completes US$1 million in financing
On April 5, the GameFi project Trex 20 on the Bitcoin chain has completed US$1 million in financing. The project has received participation from Marshland Capital, Moonrock Capital, Oddiyana Ventures, Triple Gem Capital, Nxgen, X 21 Digital, Nabais Capital, etc. It is reported that Trex 20 will be Seedifys next round of IDO projects.
On April 3, Privasea, an early investment by Binance Labs, announced the completion of a new round of strategic financing, with participation from OKX Ventures, Axia 8 Ventures, Laser Digital controlled by Nomura Group, and Tanelabs, an incubator in which SoftBank has a stake. Currently, the project has received two rounds of strategic financing, including pre-seed/seed financing, with a total financing amount of US$5 million. The artificial intelligence-driven FHEML solution built by Privasea has attracted attention from the AI and Depin fields as well as the encryption market. By establishing a decentralized computing network, it provides scalable computing resources for AI tasks and can reduce the risk of centralized data processing.
On April 4, Solana’s ecological liquidity staking protocol Sanctum announced on the ,@michaelh_laine
On April 4, the Web3 social project Sofamon announced the completion of a seed round of financing on the Investors participate. The specific financing amount has not yet been disclosed.
It is reported that Sofamon is currently in beta version.
OKX Ventures announces investment in UTXO Stack seed round
On April 4, OKX Ventures announced today its seed round financing for UTXO Stack.
UTXO Stack is a modular BTC Layer 2 blockchain launch platform that enables developers to easily launch BTC Layer 2 solutions based on the UTXO model.
UTXO Stack inherits Nevos excellent technical architecture and RGB++ protocol, including advanced architectures such as One-Time Seals, Client-Side Validation and Homomorphic Bindings, and provides one-click startup UTXO BTC Layer 2 service, enabling interoperability without the use of cross-chain bridges.
AINN Layer 2 receives investment from market maker Amber Group
On April 4, AINN Layer 2, the first Bitcoin second-layer network project to support large-scale applications of decentralized AI, announced that it has received strategic investment from the well-known market maker Amber Group. Previously, the project received investment from well-known institutions such as Waterdrip Capital, Satoshi Lab, Bitmarts fund Cipholio Ventures, SuperEx, AscendEx, Genblock Capital, Foundinals Lab, AlNN Labs, and Bitrise Capital.
On April 5, Web3 game studio Planet Mojo announced the completion of a new round of strategic financing, led by Animoca Brands, Merit Circle and Courtside VC, Spartan Group, Citizen Capital, Sfermion, Big Brain Holdings, EVG, Republic, NGC Ventures, Readyplayer DAO, Alchemy, Momentum 6, Skyvision Capital, RW 3 Ventures, Collab+Currency, Polkastarter, Metavest Capital, Everyrealm, Fourth Revolution Capital, etc. participated in the investment. The specific amount has not been disclosed, but the company said that its total financing amount so far has been to $10.5 million.
On April 5, Inscription Liquidity Protocol SatoshiSync announced the completion of seed and private investment rounds on the , Rootstock, Portal and many angel investors participated in the investment, and the specific financing amount has not yet been disclosed.
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