Weekly Financing Report | 41 public financing events; Cryptography startup Lagrange completes $13 million seed round financing, led by Founders Fund

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PANews
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1 year ago

Highlights of this Issue

According to PANews incomplete statistics, there were 41 blockchain investment and financing events worldwide last week (5.6-5.12), with a total funding scale exceeding $170 million, both significantly higher compared to the previous week. An overview is as follows:

  • DeFi announced 11 investment and financing events, among which the cryptocurrency trading platform Arbelos Markets completed a $28 million financing led by Dragonfly Capital.
  • Web3 Games revealed 5 investment and financing events, including Seeds Labs, a Web3 game developer, completing a $12 million seed round of financing, with participation from Blizzard Fund.
  • NFT related fields announced 1 investment and financing event, with the Singapore Web3 platform Galaxis completing a $10 million financing.
  • DePIN track disclosed 2 investment and financing events, including Ambient, a Solana ecosystem DePIN project, completing a $2 million seed round of financing, led by Borderless Capital.
  • Infrastructure and Tools track announced 16 financings, including cryptography startup Lagrange completing a $13 million seed round of financing, led by Founders Fund.
  • Other Blockchain/Crypto Applications revealed 6 financings, including Kiosk, a Web3 social application based on Farcaster, completing a $10 million financing, led by Electric Capital.

DeFi

Cryptocurrency Trading Platform Arbelos Completes $28 Million Financing, Led by Dragonfly

Cryptocurrency trading platform Arbelos Markets announced the completion of a $28 million financing led by Dragonfly Capital. This round of financing also involved participation from FalcolnX, Circle, Paxos, Polygon, and Deribit. Arbelos Markets will use this funding to enhance its trading capabilities in the derivatives and over-the-counter markets, focusing on serving institutional clients such as hedge funds and venture capital firms. Arbelos' business focus is to provide necessary trading liquidity for these institutional participants and act as a counterparty for products such as options and futures. The company's co-founders, Joshua Lim and Shiliang Tang, both have backgrounds in traditional finance and cryptocurrency trading. They plan to use this financing to further develop and innovate the company while improving the transparency and risk management capabilities of the trading platform.

Multi-Chain Trading Platform UXUY Completes $7 Million Pre-A Round Financing, with Participation from Binance Labs

Decentralized multi-chain trading platform UXUY, incubated by Binance Labs, announced the completion of a $7 million Pre-A round financing, with a total financing amount exceeding $10 million since its establishment. UXUY is an important participant in the Bitcoin ecosystem, with over 100,000 traders using Bitcoin Lightning Network services through the platform. This round of financing attracted participation from several well-known investment institutions in Asia, North America, and Europe, including Binance Labs, UTXO Management (Bitcoin Magazine), JDI Ventures, Bixin Ventures, SWC Global, Matrix Partners, CMS Holdings, Dewhales Capital, Comma3 Ventures, Satoshi Labs, YBB Capital, GBV Capital, Web3Vision, Pentos Ventures, NGC Ventures, Alti5, Metalpha, and GSR, among others. The funds raised will be used to further build the infrastructure of the Bitcoin ecosystem, promote efficient and low-cost trading of Lightning Network Taproot Assets, Ordinals BRC-20, Runes, and other assets.

Solana-Based Tokenization Platform AgriDex Completes $5 Million Pre-Seed Round Financing and Plans Token Airdrop

Solana-based tokenization platform AgriDex successfully raised $5 million in a pre-seed round. This round of financing was led by the technology-focused venture capital firm Endeavor Ventures, with participation from African Crops Limited, Oldenburg Vineyards, and former executives from Goldman Sachs and Citadel, including Hank Oberoi. Following this financing, AgriDex is valued at approximately $18 million. Bill Cunningham, co-founder and CEO of Endeavor Ventures, will also join AgriDex's board of directors. AgriDex plans to launch its platform and token AGRI in the third quarter of this year and conduct a token airdrop to the community within the next few months, with the airdrop totaling 5% of the total token supply (i.e., 50 million out of 1 billion). In addition, AgriDex also plans to publicly sell its tokens at a price of $0.10 per token and use 50% of the profits for token buyback and burning to increase token scarcity and enhance its value.

Institutional Tokenization Solution DwellFi Completes $3 Million Seed Round Financing, with Participation from E1 Ventures

Institutional tokenization solution DwellFi announced the completion of a $3 million seed round financing, with participation from E1 Ventures, Stanford Blockchain, Hustle Fund, Blockchain Coinvestors, and Fortified Ventures. DwellFi primarily utilizes artificial intelligence, blockchain, and tokenization technology to assist its clients in asset management, ensuring that its cutting-edge solutions not only meet current regulatory standards. Its clients mainly include PE/RE/VC funds, hedge funds, fund managers, and limited partners.

Multi-Chain Staking Platform StakedGain Completes $500,000 Seed Round Financing

Multi-chain staking platform StakedGain announced the completion of a $500,000 seed round financing, with the investor information yet to be disclosed. StakedGain currently supports over 10 blockchains, including EVM-compatible chains and Layer 2 solutions, to help users achieve cross-chain DeFi staking and improve liquidity efficiency.

LBank Labs Announces Investment in Stablecoin Developer Usual Labs

LBank Labs recently announced an investment in stablecoin developer Usual Labs. This round of financing was led by IOSG Ventures and Kraken Ventures, with participation from GSR, Mantle, Starkware, Flowdesk, and many other well-known venture capital companies. Usual Labs is dedicated to driving innovation in the stablecoin ecosystem through its innovative USD0 stablecoin. This strategic investment will propel Usual Labs to launch USD0 on the Ethereum mainnet, significantly advancing the integration of traditional financial assets with decentralized finance (DeFi) efficiency. The USD0 stablecoin aims to provide income derived from real-world assets, bringing new profits to investors.

Native Bitcoin DeFi Protocol DLC.Link Completes Seed Round Financing, with CGV FoF Participating

The native Bitcoin DeFi protocol DLC.Link has completed a seed round of financing, with participation from CGV FoF. Specific funding amounts and valuation information have not been disclosed. DLC.Link aims to bring DeFi into the Bitcoin ecosystem by exploring decentralized finance on the Bitcoin blockchain through the issuance of centralized wrapped Bitcoin dlcBTC, allowing users to manage Bitcoin on their own. It is reported that the project received investment from OKX Ventures in March this year.

AI-Driven DeFi Platform 0xGen Completes Strategic Financing

The AI-driven DeFi platform 0xGen has completed strategic financing, with participation from investment institutions such as Principle68, Bella Protocol, Phoenix Chain, Tensor Investment Corporation, and X Labs. These investors will provide important advice and support for its development.

Decentralized Settlement Protocol Kima Network Announces Completion of New Round of Financing, with Participation from HVS Ventures

The decentralized settlement protocol Kima Network has announced the completion of a new round of financing, with participation from HVS Ventures. The specific amount has not been disclosed. It is reported that in addition to providing financial support, HVS Ventures will also be involved in its operations and strategic development. Kima's settlement layer supports multi-ecosystem payments, peer-to-peer commerce, CeFi/DeFi services, cross-chain DEX exchanges, and omnichannel wallets, providing a seamless way to connect fiat and cryptocurrencies while emphasizing security and accessibility.

Cross-Chain DEX Xswap Completes Strategic Round of Financing, with Participation from P2 Ventures

Xswap recently announced the completion of a strategic round of financing on the X platform. The specific amount of financing has not been disclosed. The participating institutions and investors include P2 Ventures, MH Ventures, Maven Capital, OIG Capital, Cogitent Ventures, WWVentures, ZBS Capital, Pragma Ventures, Zephyrus Capital, Ivan Liljeqvist, Ash Crypto, Gainzy, Satoshi Stacker, and Michael Gu. It is reported that XSwap is a cross-chain DEX based on Chainlink CCIP.

Bond Tokenization Platform BlockInvest Completes New Round of Financing, with Participation from Open Venture

The bond tokenization platform BlockInvest, supported by Crédit Agricole, announced that it has received strategic investment from Open Venture to expand its tokenization solutions. One of BlockInvest's existing supporters is the Italian Crédit Agricole, which is a partner in multiple tokenization projects.

Web3 Games

Web3 Game Developer Seeds Labs Completes $12 Million Seed Round Financing

Web3 game developer Seeds Labs announced the completion of a $12 million seed round financing, with participation from Avalanche's Blizzard Fund, Solana Foundation, Krust, Hashkey Capital, UOB Ventures, Signum Capital, IVC, and Emoote, among others. Seeds Labs, founded in 2021, is set to release its flagship product, the global cross-platform Web3 game Bladerite, later this month.

Community-Driven Game Ecosystem Platform SlingShot DAO Completes $3 Million Financing, with Participation from Alphabit Fund

Community-driven game ecosystem platform SlingShot DAO announced the completion of a $3 million new round of financing, with participation from Alphabit Fund. SlingShot DAO is committed to promoting community-centered values and action-oriented approaches to establish a new competitive environment in the gaming industry. Members of SlingShot DAO can collaborate through the SlingShot application to transform creative ideas into tangible gaming experiences. The platform aims to redefine game innovation in the Web3 gaming field and promote a "community-first" culture.

Web3 Game BAC Games Completes $1.5 Million Seed Round Financing

Web3 game BAC Games recently announced the completion of a $1.5 million seed round financing. The investment institutions in this round include Hash Global, Matr1x, GateLabs, Stratified Capital, W Labs, and Nothing Research. Individual investors participating in this round include Ash (cryptocurrency investor), BTCdayu (cryptocurrency investor), Joseph A.C. Lloyd (Director of Game Research at Delphi Digital), Laobai (Partner at ABCDE Investment Research), Piers Kicks (Founding Partner of Delphi Ventures), Saku (Co-CEO of Matr1x), Victor (WEB3 Lead at GGV), among others. BAC Games is a collection of casual WEB3 games, with its first game Blast Auto Clubs implementing the "group to earn" model, built on the Blast Layer 2 public chain, and is set to conduct an IDO at the end of May.

Dark-Style Cross-Platform 3A Action Game Blade of God X Completes Multi-Million Dollar Financing, with Participation from OKX Ventures

OKX Ventures announced its investment in the dark-style cross-platform (Android, iOS, and PC) 3A action game Blade of God X. In addition to OKX Ventures, other participants include Delphi Ventures, Yield Guild Games, LongHash Ventures, Newman Capital, KingRiver Capital/Inevitable Games Fund, BreederDAO, Eden Ventures, 071 Labs, among others. The financing amount is in the multi-million dollar range. Blade of God X, developed by Void Labs, is viewed as the best medium and method for human interaction with the virtual world, introducing the innovative concept of Play ARPG to train AI Agent. This concept not only introduces the innovative fusion of AI Agent and blockchain technology but also allows players to easily train their own AI Agent through the game. Blade of God is a popular IP series, with a global download volume of over 6 million. Currently, Blade of God X has invested a total of $6 million in game development. It is reported that in mid-May, Blade of God X will launch the next round of testing, allowing players to experience the high completeness of AI Agent features in the game.

Decentralized AI Cloud Gaming Protocol DeepLink Protocol Receives Strategic Investment from Waterdrip Capital

  • Waterdrip Capital announced strategic investment in the decentralized AI cloud gaming protocol DeepLink Protocol. DeepLink Protocol is a decentralized AI cloud gaming protocol that supports 1ms ultra-low latency and 8K high-resolution gaming experience through AI, blockchain, and streaming technology. The team has developed the DeepLink software based on DeepLink Protocol, which currently covers over 100 countries and has over 500,000 users.

NFT

Singapore Web3 Platform Galaxis Completes $10 Million Financing

Singapore Web3 platform Galaxis has raised $10 million from Chainlink, Ethereum Name Service (ENS), Rarestone Capital, Taisu Ventures, ENS co-founder Nick Johnson, and others, ahead of the launch of its token. Galaxis aims to help creators and brands launch non-fungible token (NFT) collections and has sold over 225,000 NFTs in the past few years, generating over 32,000 ETH (approximately $100 million) in secondary market sales revenue. The platform has previously released NFT series for celebrities such as DJ Steve Aoki and actor Val Kilmer.

DePIN

Solana Ecosystem DePIN Project Ambient Completes $2 Million Seed Round Financing

Solana ecosystem DePIN project Ambient has announced the completion of a $2 million seed round financing, with Borderless Capital leading the investment and participation from Solana Ventures, Parami Investors, Sonic Boom Ventures, Primal Capital, among others. Ambient, established in January this year, acquired the environmental data project PlanetWatch based on Algorand in March and decided to migrate to Solana. PlanetWatch's network currently has its own token PLANETS on the Algorand blockchain, but Ambient will launch its new token on Solana. Ambient plans to launch on the Solana testnet this summer before releasing its token. Before the migration to Solana, Ambient will integrate PlanetWatch's air quality sensors and community network into its network. Ambient claims that its users have deployed over 25,000 environmental sensors in more than 20 countries, capturing data every 5 minutes and generating over 10.7 billion data streams.

DePIN Project MetaPhone Completes $1 Million Financing, with Participation from JDI

The DePIN project MetaPhone has announced the completion of a $1 million financing round, with participation from JDI. Both parties are committed to building the TON DePIN ecosystem, creating a wide-reaching decentralized marketing network, and driving global adoption of Web3 in various fields. It is reported that MetaPhone is collaborating with an advanced and leading 3C manufacturer to launch flagship devices.

Infrastructure & Tools

Cryptographic Startup Lagrange Completes $13 Million Seed Round Financing, Led by Founders Fund

Cryptographic startup Lagrange has successfully raised $13 million, focusing on developing advanced cryptographic solutions to enhance data security and privacy protection. In addition to Founders Fund, the seed round financing for Lagrange also includes participation from Archetype Ventures, 1kx, Maven11, Fenbushi Capital, Volt Capital, CMT Digital, Mantle, and Ecosystem. Lagrange Labs is a cryptographic startup based on the Ethereum EigenLayer re-collateralization platform. Leveraging its proprietary technology, Lagrange provides a new cryptographic method that offers a higher level of data protection for enterprises and individual users without sacrificing performance. The financing will be used to further develop its cryptographic technology and expand its market influence.

Botanix Labs Announces $11.5 Million Financing, with Participation from Polychain Capital

Botanix Labs has raised $11.5 million in funding, with participation from Polychain Capital, Placeholder Capital, Valor Equity Partners, ABCDE, and other institutions. Additional investors include Andrew Kang, Fiskantes, Dan Held, The Crypto Dog, Charlie Spears, Altcoin Sherpa, Dovey Wan, Jebus, Icebergy, Crypto ISO, Davis (aka "KarbonBased"), Walt Smith, and Domo, the creator of the BRC-20 token standard. Since 2022, Botanix Labs has been focused on building Spiderchain technology to protect decentralized, Bitcoin-based financial systems. In November 2023, Botanix Labs launched an early testnet version of the EVM Layer 2 protocol. So far, the testnet has attracted over 200,000 active addresses, over 10,000 experimental token issuances, and dozens of dApps ready to launch when the first mainnet version of Spiderchain is released.

Lava Foundation Raises $11 Million in Token Funding Before Mainnet Launch and Airdrop

According to The Block, Lava Foundation has successfully raised $11 million in funding through Simple Agreements for Future Tokens (SAFT) before the launch of its network mainnet and token airdrop. Investors include Animoca Brands, Gate.io Ventures, CoinGecko Ventures, and Sandeep Nailwal, co-founder of Polygon. Lava Foundation is a newly established non-profit organization dedicated to developing the modular blockchain network Lava. The Lava network focuses on providing data access services through remote procedure calls (RPC) and is currently in the testnet phase, with plans to officially launch the mainnet and LAVA token in the first half of 2024. The total supply of LAVA tokens is set at 1 billion, with a portion to be distributed to users through airdrops. Additionally, Lava plans to support more data infrastructure services in the future, such as indexing, subgraphs, sorting, and more.

Cross-Chain Interoperability Protocol Owlto Finance Completes $8 Million Strategic Round Financing, Led by Bixin Ventures

  • Intent-based cross-chain interoperability protocol Owlto Finance has announced the completion of an $8 million strategic round financing, led by Bixin Ventures and CE Innovation Capital. Other participants in this round include Presto, Hailstone Labs, Skyland Ventures, Blocore, SNZ Capital, BESTO, Kroma, Coinseeker.co, Stratified Capital, X21 Digital, Maxx Capital, Incubate Fund, GSR, and ChainCatcher. The funding will primarily be used to accelerate the upgrade of AI intent cross-chain products, develop modular cross-chain interoperability protocols, global operations and marketing, full-chain liquidity solutions V2, and capital market operations.

Bitcoin-native application platform Arch completes $7 million seed round financing, led by Multicoin Capital

Bitcoin-based application platform Arch has completed a funding round led by Multicoin Capital. Other investors in this round include Portal Ventures, OKX Ventures, Big Brain Holdings, CMS Holdings, and Tangent. The funding aims to further develop the Arch platform, which brings "bridgeless" transactions directly to the Bitcoin blockchain. The platform is dedicated to expanding the functionality of Bitcoin, making it not just a digital currency but also a foundational technology supporting various applications.

On-chain secure computing project Arcium completes $5.5 million financing, led by Greenfield Capital

Arcium has completed a $5.5 million strategic financing round led by Greenfield Capital to develop a secure computing network. Other participants in this round of financing include Coinbase, Heartcore Capital, Longhash VC, L2 Iterative Ventures, Stake Facilities, Smape Capital, Everstake, as well as Solana co-founder Anatoly Yakovenko and Monad co-founder Keone Han, among other notable angel investors. This network will allow for more secure data processing and storage, enhancing transaction and application privacy protection. The funding will help Arcium expand its technological development and accelerate innovation in the field of secure computing. Arcium previously developed Elusiv, a Solana-based zero-knowledge privacy protocol.

ZKM completes $5 million Pre-A round financing, led by OKX Ventures

Blockchain privacy technology company ZKM has recently completed a $5 million Pre-A round financing led by OKX Ventures, with participation from Amber, Metis Foundation, Crypto.com, DFG, JSquare, and other companies. This funding will be used to further develop its zero-knowledge proof-based privacy protection technology, aiming to enhance data security and user privacy protection for blockchain applications. ZKM's technology allows for the verification of information authenticity without exposing any actual data, which is crucial for enhancing the security of blockchain platforms and attracting more enterprise users.

Web3 infrastructure startup Hemera completes $2.6 million seed round financing

Web3 infrastructure startup Hemera has announced the completion of a $2.6 million seed round financing, led by LIF Capital and Nomad Capital, with participation from SNZ, Chainlink, Sending Labs, as well as ZetaChain founder and Microsoft Senior Vice President and AI expert Harry Shum, among others. The company recently released the public test version of the Hemera protocol, a large language model (LLM) operating system designed for developers in Web3.0, and SocialScan, a community-owned AI based on the Hemera protocol that reimagines user experiences through customizable Hemera AI agents.

Cross-chain messaging protocol Glacis Labs completes $2.1 million seed round financing

Cross-chain messaging protocol company Glacis Labs has announced the completion of a $2.1 million seed round financing, jointly led by Arrington Capital and Paper Ventures, with participation from Bitscale Capital and Protagonist. Glacis Labs aims to help developers manage cross-chain risks and define routing and security logic for cross-chain applications through its cross-chain general messaging protocol (GMP).

Ethereum sidechain Gnosis invests $2 million in digital wallet developer Zeal

Ethereum sidechain Gnosis has announced a strategic partnership with digital wallet developer Zeal to simplify everyday self-custody cryptocurrency transactions, similar to the convenience of using cash. Gnosis has also invested $2 million in Zeal, bringing Zeal's total funding to $9 million, following a previous $7 million in seed round financing.

NuLink completes new $1.6 million strategic financing round

Data privacy solution NuLink has announced the completion of a new $1.6 million strategic financing round on the X platform, with leading investments from DWF Labs, Poolz, and Via BTC, as well as participation from CheckPush, 0xwilds, Coinvestor, 0xbull, AlphaCapital, MNSTPlatform, and AzaVentures. Previously, NuLink raised approximately $5.3 million through Fjord's Liquidity Bootstrapping Pool (LBP), bringing the total funding to $11.4 million.

Electron labs completes $1 million seed round extension financing

Electron labs has completed a $1 million seed round extension financing to build an Ethereum-compatible ZK proof aggregation layer. Investors include Polygon founder @sandeepnailwal, Gnosis co-founder @koeppelmann, former Polygon founder @jdkanani, and Avail founder @anuragarjun.

Cross-chain liquidity infrastructure company Euclid completes $600,000 Pre-seed round financing, led by Kahuna Network

Euclid, a cross-chain liquidity infrastructure company, has completed a $600,000 pre-seed round financing, led by technology investment firm Kahuna Network and angel investor Tomoaki Sato. Lavender Five, Andromeda, and angel investors related to Nibiru also participated in the funding. The funds will be used for architecture and project development, business development, auditing, and marketing. In terms of the company's business, liquidity unification is achieved through a virtual network to create a single real source ledger, which all Euclid integrated blockchains can seamlessly connect to at the settlement layer (Nibiru), providing the lowest slippage and fairest prices throughout the ecosystem. This framework is based on Euclid's proprietary LiquiSync model, allowing easy access for any chain or protocol.

Payment solution company CityPay.io has completed a new round of financing with participation from Tether Operations Limited. The new funds will be used to strengthen its business in Eastern Europe, primarily targeting countries such as Georgia, Armenia, Azerbaijan, Kazakhstan, and Uzbekistan. CityPay.io aims to provide a seamless payment experience for customers and businesses, allowing them to use cryptocurrencies for payments at places like Wendy's and Radisson Hotels. Over the next two years, CityPay.io plans to launch innovative e-wallet and bank card solutions, with the potential to attract over 400,000 users.

BitTap, a Taproot Assets infrastructure project, has completed a pre-seed round financing led by Waterdrip Capital. The funding will be used to develop a decentralized trading platform and non-custodial wallet based on the Taproot Assets protocol. BitTap's plugin wallet, as the first decentralized wallet in the Taproot Assets protocol, is expected to launch its Alpha version testing in May. The team is dedicated to building the Taproot Assets ecosystem, promoting compatibility with the Bitcoin Lightning Network and Bitcoin mainnet, and has received official support from Lightning Labs. BitTap is currently conducting a seed round financing to achieve one-click issuance and management of Bitcoin-native assets based on the Taproot Assets protocol.

Other

Social Media:

Web3 social app Kiosk, based on Farcaster, completes $10 million financing round, led by Electric Capital

Web3 social app Kiosk, based on Farcaster, has announced the completion of a $10 million financing round, led by Electric Capital, with participation from a16z Crypto, USV, and Variant Fund. Kiosk aims to facilitate community building and commerce within applications, allowing creators to establish communities, share rich media content, mint NFTs, interact with like-minded individuals, and seamlessly customize channel economies. It emphasizes integrating on-chain assets into social interactions, envisioning a more inclusive and interconnected Web3 experience. The app combines blockchain and e-commerce.

Web3 social network Bondex has completed a new strategic round of financing with participation from DEXT Force Ventures, an ecological investment institution under DEXTools.io. The specific amount of funding has not been disclosed. DEXT Force Ventures will provide marketing and business development guidance to Bondex and support access to its DEXTools platform. Bondex primarily targets Web3 professionals, enterprises, and recruiters, allowing users to establish connections and collaborate with each other, while also earning rewards through activities such as profile updates, verification, and recommendations.

Cryptocurrency Applications:

Web3 music ecosystem project Star Nest has completed a $6 million Pre-A round financing, with Chuangqi International Limited, a wholly-owned subsidiary of Hong Kong Stock Exchange-listed company Guofu Innovation Limited, leading the investment. Star Nest will collaborate with Armonia Meta Chain to develop the Star Nest Space metaverse game, incorporating music, role-playing, and social features, and plans to launch the NEST token in the third quarter of 2024. Star Nest aims to build a more comprehensive music industry token economy through NEST, which will be widely used for purchasing concert tickets, gaming collaborations, metaverse consumption, governance voting, and more.

Scroll ecosystem project PenPad has announced the completion of a new round of financing with participation from crypto investment firm Presto Labs. The specific amount has not been disclosed. As a native revenue aggregator and launchpad for the Scroll ecosystem, PenPad has received strong support from Scroll and various ecosystem projects since its inception. PenPad will also become a long-term builder of the Scroll ecosystem. Previously, PenPad revealed its latest product roadmap, outlining features such as PenPad Staking, Vaults asset management and appreciation tools, and the Shop product linking virtual assets with RWA, aiming to upgrade to become a leading revenue aggregator and multi-asset auction platform in the Scroll ecosystem.

Cryptocurrency Mining:

Bitcoin mining service provider GoMining has completed a $3 million financing round, with direct investment from Bitscale Capital. Under the agreement, Bitscale Capital will receive $3 million worth of equity in the form of GoMining's native ecosystem token GOMINING and an NFT portfolio. The NFTs represent shares of GoMining's digital Bitcoin mining infrastructure, distributed across nine global data centers.

Consulting and Incubation:

Web3 incubation service provider BlockBooster has completed a $1.5 million seed round financing, led by OKX Ventures. Conflux Network, Neighbor Capital Series, IceRiver Venture, and Bitcoin Lab also participated in the investment. BlockBooster's incubation model focuses on Web3 infrastructure, social, and gaming sectors, providing comprehensive support to high-quality projects to improve their success rate and shorten development cycles. BlockBooster offers extensive and long-term support in various aspects such as product design, listing strategy, business development, talent recruitment, and early-stage investment for selected promising project teams, as well as compliance and risk management.

Centralized Finance

UK digital bank Monzo raises $190 million, reaching a valuation of $5.2 billion

The UK digital bank Monzo has announced a new funding round of $190 million, bringing its total fundraising for the year to $610 million. The new financing includes investments from Hedosophia and Alphabet's independent growth fund CapitalG. The Singapore government investment company GIC also participated in this round. Following this financing, Monzo's valuation has reached $5.2 billion. Monzo plans to use this funding to develop new products and accelerate its international expansion plans. Monzo is a crypto-friendly bank that supports customers to use a range of cryptocurrency exchanges, including Coinbase, and offers cryptocurrency exchange services.

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