According to Odaily’s incomplete statistics, there were 14 blockchain financing incidents at home and abroad announced from August 21 to August 27, which was a decrease from last week’s data (17). That was a sharp drop from last weeks figure ($190 million).
Last week, the most invested project was Prins AI, an AI-driven digital human service provider ($22 million); Ideogram AI, a generative AI tool, attracted a certain amount of attention with its impressive lineup of investors.
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):
On August 21, Prins AI, an AI-driven digital human service provider, announced the completion of a US$22 million A+ round of financing. The new funds will be used to advance deep learning technology, expand the team, strengthen product development capabilities, and optimize marketing and sales efforts.
According to reports, the platform uses blockchain technology and smart contracts to record the training and application records of AI digital humans, and uses a cryptocurrency reward mechanism to enable users to participate in AI digital human training programs. This technology has been used in many scenarios such as radio and television media, brand marketing, e-commerce live broadcast/short video, education and entertainment, AR/VR/AI, NFT/Metaverse, etc.
AI tool Ideogram AI completes US$16.5 million in seed round financing, led by a16z and others
On August 23, Ideogram AI, a generative AI tool, announced the completion of a $16.5 million seed round of financing, led by a16z and Index Ventures, with participation from Raquel Urtasun, Jeff Dean, Andrej Karpathy, AIX Ventures, and Golden Ventures.
Ideogram AIs mission is to help people become more creative through generative artificial intelligence. It is developing state-of-the-art artificial intelligence tools to make creative expression easy, fun and efficient.
Open source tool Anytype completes $13.4 million in financing, led by Balderton Capital
On August 23, Anytype, a decentralized local peer-to-peer open source tool, announced the completion of $13.4 million in financing, led by Balderton Capital, with participation from Inflection, Square One, Script Capital, Protocol Labs, Connect Ventures, New Forge, and Foreword VC.
Mining energy company Nodal Power closes $13 million seed round
On August 22, Nodal Power closed a $13 million seed round to build a renewable energy power plant on a landfill. It is reported that Nodal Power is reducing landfill methane emissions by providing electricity for bitcoin mining data centers.
Maple Finance Closes $5M Funding Round Led by Tioga Capital and Blocktower Capital
On August 22, the encrypted institutional lending agreement Maple Finance completed a financing of US$5 million, led by Tioga Capital and Blocktower Capital, and participated by GSR Ventures, Cherry Ventures, Veris Ventures, The Spartan Group, etc.
Maple Finance will use the funding from the round to fuel the expansion of its lending arm, Maple Direct.
On August 24, Raleon, a Web3 user interaction platform, announced the completion of a $3.8 million financing, with Blockchange, Play Ventures, Alliance DAO, and Portal Ventures participating. The funds will be used to help projects and brand development.
On August 27, DRiP, a digital gift NFT project on the Solana chain, completed a $3 million seed round of financing, led by Placeholder and its partners Chris Burniske, 6th Man Ventures, Anagram and Collab+Currency, Boogle Ventures, B+J Capital , Big Brain Holdings, Interlace Ventures, Solana Ventures, ArbVision, etc. participated in the investment.
On August 27, according to official news, Web3 talent and project network BuidlerDAO announced the completion of a $2 million angel round of financing, led by Sequoia China Seed Fund and SevenX Ventures, Bing Ventures, M 77 Ventures, DRK Lab, Gate Labs, MirrorWorld, Conflux, Nicholas Hu (PlanckerDAO), Xiao Zhang (founder of zCloak Network), Paka, Vitalbridge, Inverse Ventures, Doc Labs, etc. participated in the investment.
BuidlerDAO is the YUÈ 01 project of Sequoia China Entrepreneurship Accelerator, and has also received invitations from Hong Kong Science and Technology Park and Cyberport.
Hungri Games raises $1.9 million at a $23 million valuation, led by Bogazici Ventures
On August 23, Web3 game developer Hungri Games announced the completion of a US$1.9 million seed round of financing at a valuation of US$23 million, led by Bogazici Ventures, Roko Finance, Preston Labs, Triple Dragon, Erol Ozmandiraci, Oyunfor, Caglan Tanriverdi and The Sandbox Co-founder Sebastien Borget and others participated in the investment.
Hungri Games will use this round of financing to accelerate the development of the Web3 role-playing horse racing game Metahorse Unity.
On August 27, the decentralized social project Friend 3.Group received US$500,000 in the Pre-Seed round of financing, with Turkish crypto community KoinSaati, JRR Crypto and other institutions participating.
Friend 3 is a decentralized application that focuses on the free pricing of paid groups. It also allows creators to customize the price curvature, and supports all social platforms not limited to X (formerly Twitter). Compared with friend.tech, it has made many optimizations in terms of Web3 login, group chat function, price and rate customization, terminal compatibility, privacy protection, etc.
On August 24, Mina ecological DEX LuminaDEX announced the completion of a new round of strategic financing. The Mina Foundation, Jump Crypto, BigBrain Holdings, and Mina development team O( 1) Labs participated in the investment. The financing amount has not yet been disclosed.
It is reported that LuminaDEX achieves privacy protection support by supporting zkSNARKs and MPC technology; supports zkKYC to achieve compliance, enhance scalability and anti-MEV capabilities.
Metaverse game developer Irreverent Labs completes new funding round led by Samsung Next
On August 24, Metaverse game developer Irreverent Labs completed a new round of financing, led by Samsung Next, with an undisclosed amount. It is reported that the reason Irreverent Labs chose to strengthen its cooperation with Samsung is that Irreverent hopes to have greater access to potential customers in the Samsung Next portfolio.
On August 25, BitOasis, a crypto exchange in the Middle East and North Africa region, completed a new round of financing, with participation from CoinDCX, Wamda Capital and Jump Capital.
Launched in 2016, BitOasis provides crypto trading services to users in countries such as the United Arab Emirates, Saudi Arabia, Bahrain, and Kuwait. In 2021, BitOasis completed a $30 million Series B round of financing, led by Jump Capital and Wamda, with participation from Alameda Research, Global Founders Capital, Pantera Capital, Digital Currency Group and NXMH.
Crypto accounting solutions provider Cryptoworth completes strategic financing, led by CMT Digital
On August 25, according to official news, Cryptoworth, an encryption accounting solution provider, announced that it has completed strategic financing. CMT Digital led the investment, and Kyber Ventures, Saison Capital, ODA Capital and Polygon Ventures participated in the investment. The specific financing amount has not been disclosed yet. The new financing will be used to accelerate market expansion of Cryptoworth’s enterprise digital asset accounting solutions.
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