According to incomplete statistics from Odaily, from July 3 to July 9, a total of 13 domestic and foreign blockchain financing events were announced, a decrease compared to the previous week's data (24 events), with a disclosed financing amount of approximately $42.83 million, a significant decrease compared to the previous week's data ($395 million).
Last week, the project with the highest investment amount was the Thai cryptocurrency exchange Bitkub ($17.8 million); in addition, Web3 data intelligence company Web3 Go attracted some attention with its impressive group of investors; Bluesky, a decentralized Twitter social project supported by Twitter founder Jack Dorsey, received Neo's lead investment.
The following are specific financing events (note: 1. Sorted by the size of the disclosed amount; 2. Excluding fund raising and M&A events; 3. * indicates "traditional" companies in sectors involved in blockchain technology):
On July 3, the Thai cryptocurrency exchange Bitkub completed a new round of financing. This round of financing was invested by local game developer Asphere Innovations, and Bitkub sold 9.22% of its shares to Asphere for a price of $17.8 million.
Bitkub stated that the funds from the financing will help the company expand its digital asset services in Thailand. As of last year, Thailand had over 6.2 million people owning cryptocurrencies.
Decentralized Twitter-like social project Bluesky raises $8 million
On July 6th, Bluesky, a decentralized Twitter-like social project funded by Twitter founder Jack Dorsey, announced that it has completed an $8 million financing round. Neo led the investment, with participation from Kubernetes co-founder Joe Beda, Bob Young from Red Hat, Amjad Masad and Amir Shevat from Replit, Heather Meeker, Jeromy Johnson, Automattic, and others.
On July 8th, Layer 1 blockchain project Shardeum completed a round of strategic financing, raising $5.4 million. The company plans to use these funds to strengthen its ecosystem in preparation for the launch of the mainnet by the end of 2023. Participants in this round of financing include Amber Group, Galxe, J 17 Capital, TRGC, Jsquare, Bware Labs, Tané Labs, Hyperithm Group, and Luganodes.
A representative from Shardeum stated that the company is currently valued at $248 million.
Web3 data intelligence company Web3 Go raises $4 million, led by Binance Labs
On July 5th, Web3 data intelligence company Web3 Go completed a $4 million seed funding round, with Binance Labs leading the investment and participation from Hashkey Capital, NGC, Shima Capital, IVC, LIF, Big Brain Holdings, Archerman Capital, among others.
It is reported that Web3 Go has launched the Data Intelligence Network (DIN) service, which opened for registration on July 5th. The service is based on the proposition of AI-native digital asset rights solutions for cryptocurrencies, leveraging AI and big data infrastructure to allow users to create various types of AI-native digital assets using on-chain and off-chain datasets, knowledge bases, and artificial intelligence.
On July 4th, privacy-focused Web3 startup Ola completed a $3 million seed funding round, with Web3.com Ventures and Foresight Ventures co-leading the investment, and participation from Token Metrics Ventures, LD Capital, Catcher VC, among others.
Ola is dedicated to a privacy hybrid zero-knowledge rollup called "ZK-ZKVM," aiming to provide optional privacy for the crypto industry.
It is reported that Ola is a Layer 2 privacy project incubated by Sin7y Labs, currently not open to the public, and is expected to launch an internal testnet in the third quarter of 2023, with a public testnet planned for the end of the year.
On July 5th, non-custodial digital asset management solution Bequest Finance announced the completion of a $2.75 million new round of financing, led by Nyca Partners, with participation from Mark Cuban, owner of the NBA's Dallas Mavericks, and other financial technology companies.
Bequest Finance supports compliant digital asset trusts and legal processes by creating non-custodial allocation tracks. It aims to simplify the transfer process of digital assets such as Bitcoin in trusts and estates. Lawyers can also use its tools to handle relevant cases, thereby solving the problem of non-compliant custody of client private keys. (Businessupturn)
On July 5th, cryptocurrency startup SuperSight announced the completion of a $1 million seed funding round, with participation from Blockchain Founders Fund, Animoca Brands, Druid Ventures, Emurgo, Next Gen Web 3, Vayner Fund, and others.
It is reported that SuperSight is building a large-scale language model (LLM) specific to cryptocurrencies to simplify the process of cryptocurrency data discovery.
On July 5th, South African blockchain gaming P2E platform Skrmiish completed a financing round of approximately 13 million rand (about 700,000 US dollars), with participation from Blockchain Founders Fund and Allan Gray E Squared Ventures (Agev). It is reported that this funding round was completed through the funding platform Merge.
Skrmiish mainly provides services for the blockchain gaming industry, allowing players to earn profits through its P2E software in games. The company previously completed a seed round financing of 2.5 million US dollars, with investors including Launch Africa Ventures, Blockchain Founders Fund, and Stellar Development Foundation. (Biz Community)
On July 6th, decentralized data storage startup Hello announced the completion of a 170,000 euro Pre-Seed financing round, with participation from Esade BAN, Casti Ventures, Bcombinator, and several European angel investors. The new funding will be used for product development and effective Go-to-Market strategy execution.
It is reported that Hello is an early-stage decentralized Web3 ecosystem, including applications, networks, and infrastructure based on blockchain technology, decentralized storage, and distributed databases. Hello aims to provide a sustainable, scalable, efficient, and user-controlled data storage method to address the limitations of traditional systems.
AI digital identity ecosystem startup Aspecta receives strategic investment from Spartan Group
On July 6th, according to official news, AI digital identity ecosystem startup Aspecta announced that it has received strategic investment from Spartan Group. The specific amount of financing has not been disclosed. The new funds will be used to improve the developer digital identity product Aspecta ID and expand the developer ecosystem infrastructure globally, thus establishing a new paradigm of data ownership, interoperability, and user experience through AI and blockchain technology.
Cryptocurrency service provider VersiFi receives seed round financing from HHG
On July 6th, cryptocurrency service provider VersiFi announced that it has received seed round financing from Hunting Hill Group (HHG), with the specific amount of financing undisclosed.
It is reported that this is a strategic investment, and VersiFi will receive guidance and support from HHG to improve its products. HHG's registered investment advisors will use VersiFi's services in the future, including strategies involving cryptocurrencies across asset classes.
On July 7th, metaverse company GigaSpace announced the completion of a new round of strategic financing, with participation from Find Satoshi Lab, the parent company of STEPN, and Web3 venture capital fund ProDigital Future Fund. The specific amount has not been disclosed.
The funds from this round of financing will be used to drive the development of STEPN City. Find Satoshi Lab will provide strategic guidance and resources to promote the growth and market share of GigaSpace.
On July 8th, cryptocurrency application store Magic Square completed a new round of strategic financing, with EMURGO Ventures, the investment arm of Cardano developer Emurgo, participating. The specific amount was not disclosed.
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