According to incomplete statistics from Odaily, a total of 15 blockchain financing events at home and abroad were announced from January 8 to January 14, which was an increase from last week’s data (9 cases). The total amount of financing disclosed was approximately US$72.35 million. Thats up sharply from last weeks figure ($5.3 million).
Last week, the project that received the most investment was crypto custody and staking service provider Finoa ($15 million); AAA gaming platform SkyArk Chronicles was not far behind ($15 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 January 9, crypto custody and staking service provider Finoa announced the completion of $15 million in financing, led by Maven 11 Capital and Balderton Capital, with participation from Blue Bay Ventures, Signature Ventures, Coparion and Venture Stars.
It is reported that the staking business now accounts for nearly 60% of Finoa’s total revenue. The company supports over 10 blockchains and is the third largest validator of the modular blockchain Celestia.
Gaming platform SkyArk Chronicles raises $15 million, led by Binance Labs
On January 12, 3A gaming platform SkyArk Chronicles announced the completion of $15 million in financing on the Executive officer SY Lee and others participated in the investment.
Bitcoin Layer 2 network Bitfinity completes total funding of $7 million at $130 million valuation
On January 11, the Bitcoin Layer 2 network Bitfinity announced that it had completed a total of US$7 million in financing at a valuation of US$130 million. This round of financing was participated by Polychain Capital, ParaFi Capital, Warburg Serres, Dokia Capital and Draft Ventures. It is reported that this The funding was realized in two parts, a seed round of approximately $1 million in 2021 and another round completed in June last year, both of which were token financing. Bitfinity is currently in the testnet phase and plans to launch the mainnet later this month or early February.
On January 9, DeFi lending protocol Altitude announced the completion of a US$6.1 million seed round of financing, including the previously completed US$2.1 million Pre-Seed round of financing, and a new round of US$4 million in financing from Tioga Capital, New Form Capital, Flow Ventures , UDHC, GSR, Owl Ventures and others participated in the investment.
Altitude has now completed on-chain testing and will soon enter a closed testing phase, making it available to whitelisted addresses before being fully released.
It is reported that Altitude is a protocol that manages DeFi loans and collateral. When users borrow money through Altitude, the protocol will manage loans and collateral in real time based on market conditions to provide the best loan interest rate.
Web3 product development studio Pontem completes $6 million in financing
On January 12, Web3 product development studio Pontem completed US$6 million in financing. This round of financing was co-led by Faction and Lightspeed Venture Partners, with participation from Pantera Capital, Aptos Foundation, Wintermute, Altonomy, Shima Capital and Kraken Ventures.
Pontem plans to use the funding from this round to expand the use of the Move programming language beyond the Aptos and Sui blockchains by enabling developers to build applications that are compatible with both the Ethereum Virtual Machine and Move.
ArenaX Labs closes $6 million in funding, led by Framework Ventures
On January 9, AI Arena developer ArenaX Labs announced the completion of $6 million in financing, which will be used to develop a PvP fighting platform. Framework Ventures led the investment, with participation from SevenX Ventures, FunPlus/Xterio and Moore Strategic Ventures.
It is reported that AI Arena allows users to train their own AI characters to fight. The outcome of each battle depends on the players skills in training, and is designed to help users understand the operation and learning process of artificial intelligence.
On January 10, Entangle, a customizable and interoperable data infrastructure built for Web3 and institutions, announced the completion of a total of US$4 million in seed and private financing from Big Brain Holdings, Launch Code Capital, LBank Labs, Skynet EGLD Capital, Cogient Ventures, Owl Ventures, Faculty Group, Seier Capital, 1 NVST, Sharding Capital, Agnostic, Castrum Capital, Terra Nova, Nxgen, MH Ventures, Contango, Crypto Times participated in the investment.
Entangle plans to use the new funds to enhance its protocol technology and market strategy, expand its global reach, and strengthen its role in the cross-chain and interoperable data space.
On January 8, Solana ecological DeFi platform Saros announced the completion of a $3.75 million private placement round, with participation from Solana Ventures, Hashed, Spartan, Arche Fund, GBV, Assym, IF, Genblock, K 300, Cryptomind, Kyros and Evernew.
On January 9, Ta-da, an AI data market with a gamified Web3 application model as its core, completed US$3.5 million in financing, with participation from Morningstar Ventures, MultiversX, GBV Capital, XVentures, NxGen and Spark Digital Capital.
It is reported that Ta-da is incubated by Vivoka, a company developing speech recognition solutions.
On January 12, RWA commercial lending protocol Kasu announced the completion of a US$3 million seed round of financing, led by Woodstock, Morningstar Ventures and Faculty Group, with participation from Cypher Capital, Matterblock, Andromeda Capital, NxGen, Rarestone Ventures, Asteroid Capital and Optic Capital. .
The new funding will be used to advance Kasus innovative platform, which is focused on redefining todays RWA lending standards through proprietary technology that optimizes businesses cash flow to reduce credit risk and ultimately deliver superior risk management and returns.
Decentralized risk hedging strategy management company Umoja completes US$2 million in financing
On January 9, Umoja, a decentralized risk hedging strategy management company, completed US$2 million in financing, with participation from Quantstamp, Blockchain Founders Fund, Orange DAO, Hyperithm, Psalion, Blizzard (Avalanche) and others. The company was founded by Robby Greenfield, former head of social impact business at ConsenSys. It aims to help users insure their market losses like a hedge fund to ensure their financial health, and introduce asset risk management in the DeFi field. Currently, the company mainly serves In the field of cryptocurrency, it plans to expand its decentralized hedging model to more digital asset fields such as digital bonds, real estate and commodities in the future.
AI-driven Web3 tracking platform TrendX completes US$1 million in seed round financing
On January 8, the AI-driven Web3 tracking platform TrendX announced the completion of a US$1 million seed round of financing, with participation from Foster Labs, Web3 Link, Coresky, Tripod Capital, CatcherVC, MIIX Capital and others.
OKX Ventures announces strategic investment in Web3 gaming company Matr1x
On January 9, OKX Ventures announced a strategic investment in Matr1x, a next-generation Web3 entertainment platform that aims to attract users through high-quality cyberpunk-themed e-sports games and has received approximately US$20 million from multiple venture capital institutions. Financing.
On January 13, 5G blockchain network Karrier One announced the completion of a strategic round of financing, with Sui Network participating in the investment. The specific financing amount has not yet been disclosed. In addition, the two parties have also reached a strategic partnership. Karrier One is a decentralized mobile network that uses the Karrier One blockchain to seamlessly and anonymously connect smartphones and users, providing affordable, reliable mobile and internet connections. The new funds will be used to expand its decentralized physical foundation. Facility(DePIN) Technology.
KuCoin Labs strategic investment in Sui ecological cross-chain inscription protocol ISSP
On January 8, KuCoin Labs recently announced a strategic investment in ISSP to support its development of innovative inscription protocols based on the Sui network.
ISSP is a cross-chain inscription protocol system that integrates the inscription market and inscription exchange, and has initially launched the SUI-20 inscription standard protocol on the Sui network, using the built-in indexer of the network node to index inscription data.
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