Highlights of This Issue
According to incomplete statistics from PANews, there were 19 investment and financing events in the global blockchain sector last week (11.4-11.10), with a total funding scale exceeding $73 million, showing a decrease compared to the previous week. The overview is as follows:
- DeFi announced 3 investment and financing events, including the RWA stablecoin protocol Usual, which announced the completion of a new round of financing of $1.5 million, with Comfy Capital participating;
- Web3 Games reported 2 investment and financing events, including the Web3 chain game A-world, which announced the completion of $5 million in Series A financing, with IBGTG Capital participating;
- AI announced 2 investment and financing events, with the AI startup Pond, focused on the cryptocurrency sector, raising $7.5 million in seed round financing, led by Archetype;
- DePIN reported 1 investment and financing event, with MelosBoom completing Series B financing at a valuation of $80 million, led by LBank Labs;
- Infrastructure and Tools reported 6 financing events, including the crypto startup Vlayer completing $10 million in pre-seed financing, with participation from a16z Crypto Startup Accelerator (CSX);
- Other Blockchain/Crypto Applications reported 4 financing events, including the Web3 shopping application Bion, which announced the completion of a new round of strategic financing, with TON Ventures participating.
DeFi
The RWA stablecoin protocol Usual announced the completion of a new round of financing of $1.5 million, with participation from Comfy Capital, early crypto project investor echo, and Breed VC founder Jed Breed, among others. Specific valuation data has not yet been disclosed. Usual stated that the project plans to launch a token generation event (TGE) to support the construction of a USD0 stablecoin backed by real-world assets. The protocol raised $7 million in strategic round financing in April this year, with investors including IOSG Ventures and Kraken Ventures, bringing the total financing amount to $8.5 million to date.
Solana re-staking protocol Fragmetric completes first round of financing, with participation from Solana founder Anatoly Yakovenko
The Solana re-staking protocol Fragmetric completed Builder round financing, with investors including Solana founder Anatoly Yakovenko, Solana Foundation chair Lily Liu, Jito Labs founder Lucas Bruder, Backpack founder Tristan, and Wintermute co-founder Yoann Turpin, among others. Fragmetric launched the SANG system: SolanA Network Guard, providing users with a convenient and fair path to participate in re-staking, ensuring the security and stability of the Solana network by integrating SOL and LST.
DWF Ventures makes strategic investment in DeFi solution provider XYZ
DWF Ventures announced a strategic investment in XYZ, with specific amounts undisclosed. XYZ is an innovative startup focused on decentralized finance (DeFi) solutions. DWF Ventures' investment will enable XYZ to strengthen its technical team, enhance product development, and explore strategic partnerships that help achieve its mission. This funding will also assist XYZ in expanding its marketing efforts, increasing user acquisition, and extending its DeFi service suite to previously underserved markets.
Web3 Games
Web3 chain game A-World completes $5 million Series A financing
The Web3 chain game A-world, launched by SPF Meta, announced the completion of $5 million in Series A financing, primarily participated in by IBGTG Capital and Sketch Venture, with other investors including Soave Swap, AU21 Capital, and Skyview Capital. A-world is described as a super metaverse card tower defense battle game based on BNB CHAIN, where players can build hero towers to defeat monsters.
Web3 gaming platform Game Beast completes $2 million seed round financing
The Web3 gaming platform Game Beast announced the completion of $2 million in seed round financing. This round was led by Tido Capital and T Fund, with other participating investors including K300 Ventures, Notch Ventures, Asva Capital, Aza Ventures, and Buzzbridge Capital.
NFT
NFT project Rekt Drinks' parent company Rekt completes $1.5 million seed round financing
Rekt Brands Inc. (Rekt), the parent company of the Rektguy NFT project Rekt Drinks and Rekt brand intellectual property, announced the completion of $1.5 million in seed round financing. This financing was fully funded by angel investors and the community (with no venture capital involvement). Rekt Brands Inc. is the parent company of the Rektguy NFT project Rekt Drinks and Rekt brand intellectual property. The brand originated from artist Ovie Faruq (OSF)'s Rektguy NFT series and has now expanded into consumer goods and community equity models. Rekt aims to redefine brand ownership and engagement through its Web3 foundation, innovative products, and global community.
AI
AI company Pond focused on crypto completes $7.5 million seed round financing, led by Archetype
The AI startup Pond, focused on the cryptocurrency sector, raised $7.5 million in seed round financing, led by Archetype, with other investors including PAKA, Web3.com Ventures, Cyber Fund, Delphi Ventures, Coinbase Ventures, Near Foundation, and several angel investors. Pond aims to build a decentralized AI model layer to provide AI support for blockchain. Pond initially developed an on-chain data-based user search engine and has now expanded to create a complete model ecosystem covering data, model computation, training, and inference. Its products are applied in security, recommendations, and DeFi, with the security model predicting malicious addresses with an accuracy of 0.936; the recommendation model providing personalized suggestions for NFTs and DeFi protocols; and the DeFi dynamic fee model helping liquidity providers optimize transaction fees. Pond plans to further expand its crypto AI applications, covering DeFi risk management, insider trading detection, and more. The company currently has a team of 11 and is hiring for key positions such as Chief Operating Officer and Product Manager.
The decentralized, multi-agent AI orchestration platform Naptha AI announced the completion of $6 million in Pre-Seed round financing, co-led by Arche Capital and Cyber Fund, with participation from Seed Club Ventures, Polymorphic Capital, GnosisDAO, Halo Capital, and others. Naptha AI is designed as a decentralized, multi-agent AI orchestration platform for the network economy. Unlike mainstream AI approaches that aim to develop general artificial intelligence (AGI) as a single cohesive entity, Naptha AI envisions AGI as a network of billions to trillions of agents collaborating together. Naptha AI provides developers with a platform to build and deploy large collaborative intelligent agent systems. The platform will allow for decentralized, multi-agent orchestration in a scalable, trustless, and collaborative environment, transforming the narrative of AI from a single entity to a dynamic, interconnected entity system.
DePIN
MelosBoom completes Series B financing at a valuation of $80 million, led by LBank Labs
MelosBoom has completed Series B financing, led by LBank Labs, with participation from several well-known investment institutions in Web3, valuing the project at $80 million. This round of financing will accelerate the global expansion of the MelosBoom ecosystem, particularly in international markets such as South Korea, promoting the widespread application of DePIN technology. The funds will primarily be used to accelerate the development and promotion of the DeIOE series products, further improving the global ecological deployment and hardware market development of the decentralized data life network. The support from LBank Labs will help MelosBoom enhance its influence in international markets, especially in the competitive landscape of smart hardware and the DePIN ecosystem.
Infrastructure & Tools
Bitcoin Layer 2 network Stacks co-founder Muneeb Ali posted on the X platform: “We have established a new Stacks entity ‘Bitcoin L2 Labs’, securing $20 million in funding, focusing on core development. Adriano DiLuzio (formerly a member of Algorand Labs) will serve as Chief Technology Officer and lead the development of Stacks core and SBTC.”
According to the official website of Bitcoin L2 Labs, with approximately $20 million in funding support, assistance from the Stacks Foundation, and collaborative efforts with various working groups, Bitcoin L2 Labs is building a dedicated base for Stacks core development. Bitcoin L2 Labs will adopt a product-driven approach, enabling the ecosystem to launch key features more quickly and regularly update the progress of core development.
“Solidity 2.0” development company Vlayer completes $10 million pre-seed round financing
Crypto startup Vlayer has completed $10 million in pre-seed round financing, with investors including a16z Crypto Startup Accelerator (CSX), Credo Ventures, and BlockTower Capital. The company is dedicated to developing “Solidity 2.0”, a new version of Ethereum smart contracts aimed at introducing verifiable data infrastructure. Vlayer plans to introduce four new features in the Solidity language: time travel (executing contracts based on historical on-chain data), teleportation (running contracts across EVM-compatible networks), web proof, and email proof (validating and integrating web and email content). Co-founder and CEO Hubert Rachwalski von Rejchwald stated that this move will make zero-knowledge proofs (ZK) easier for Solidity developers to use. Vlayer is currently in the public testing phase, with the mainnet and tokens expected to launch in 2025.
Layer 1 chain Cytonic, designed with “MultiVM”, completes $8.3 million seed round financing
Layer 1 blockchain Cytonic, designed with a ‘MultiVM’ architecture, has completed $8.3 million in seed round financing, co-led by Lemniscap and Lattice. Cytonic, developed by MultiVM Labs, is the first Layer 1 blockchain to run multiple virtual machines (VMs) using shared storage within the same network layer, addressing the challenge of blockchain compatibility. Cytonic is compatible with most blockchains (such as Bitcoin, Ethereum, and Solana) and can process different types of transactions simultaneously in a single block. Its goal is to simplify on-chain interactions while reducing transaction costs and wait times when transferring assets across chains.
L1 blockchain developer Pharos has raised $8 million in seed funding, led by Lightspeed Faction and Hack VC, with SNZ Capital participating as a strategic investor. Other investors include Reforge, Dispersion Capital, Hash Global, Generative Ventures, MH Ventures, Zion, and Chorus One. Pharos is building a new L1 blockchain specifically targeting fintech use cases, such as real-time payments and real-world assets.
Bitcoin L2 interoperability layer Map Protocol secures $1 million strategic investment
The Bitcoin L2 interoperability layer Map Protocol announced a $1 million strategic investment from blockchain company Gryps, with the new funds aimed at enhancing the functionality of Bitcoin Layer 2 solutions. MAP Protocol was established in 2019 and utilizes ZK light client technology as a gateway for developers and users within the Bitcoin ecosystem, facilitating interoperability between different blockchain ecosystems.
On-chain identity protocol Phi completes strategic seed round financing, led by Neoclassic Capital
Phi successfully completed strategic financing led by Neoclassic Capital to build a decentralized on-chain identity credential system. Neoclassic Capital is led by Steve Lee and Mike Bucella, with support from a16z partners Marc Andreessen and Chris Dixon. This round of financing also includes participation from Decima Fund, Cyber, PAKA Fund, and Incubate Fund. Phi was founded in January 2022 and launched its first product, Phi Land, aimed at visualizing on-chain activities through ENS, having minted over 4.3 million NFTs and attracted 296,000 users and collaborations with over 65 protocols. The Phi Protocol is based on a community-driven on-chain identity credential system that allows users to create, verify, and showcase on-chain activities, expanding their on-chain social and economic value.
Others
Decentralized fan interaction platform AmplifyWorld announces $1.2 million investment
Decentralized fan interaction platform AmplifyWorld announced that it has secured $1.2 million in investment from early venture capital firm Chapel Ventures through a Simple Agreement for Future Tokens (SAFT). The new funds will be used to promote the issuance of its AMPS token. AmplifyWorld is a decentralized content platform that bridges artists and fans through blockchain technology, providing new ways for connection, monetization, and interaction. By utilizing the AMPS token, AmplifyWorld aims to provide artists with a transparent, community-driven ecosystem.
Smart weather data network operator SkyX completes $1 million Pre-Seed round financing
Smart weather data network operator SkyX recently announced the completion of $1 million in Pre-Seed round financing, led by EV3, EOT Ventures, and Waterdrip Capital, with follow-on investments from Daedalus, J17 Capital, and Opulence. SkyX focuses on building a localized weather data network covering the globe, providing disaster prevention, travel, energy, and agriculture solutions for consumers, governments, and businesses by deploying smart weather data collection devices combined with dynamic meteorological data models.
Web3 shopping application Bion announced the completion of a new round of strategic financing, with participation from TON Ventures. Specific financing amounts and valuation data have not yet been disclosed. Bion primarily utilizes blockchain technology to enhance the shopping experience and provide value-added services to consumers. The new funds will be used to expand its Web3 shopping platform that offers cashback rewards and enhance its crypto rewards.
Binance Labs announces investment in BIO Protocol (BIO)
Binance Labs announced an investment in BIO Protocol (BIO) to accelerate funding innovations in decentralized science (DeSci). BIO Protocol reshapes the financing and commercialization of early scientific research through blockchain technology, providing a global community for scientists, patients, and investors to collectively fund, develop, and co-own new drugs and therapies. This round of financing will be used to expand the BioDAO ecosystem, provide seed funding for new BioDAOs, and strengthen community and token economic support. The model of BIO Protocol is similar to “Y Combinator for on-chain science,” with its BioDAO network covering various fields, including rare diseases, longevity research, and mental health, aiming to address critical gaps in traditional research funding. BIO currently has seven BioDAOs, with the next batch of projects focusing on developing therapies for long COVID and rare diseases, as well as research on quantum microscopy.
BIO Protocol is currently conducting the second round of the BIO Genesis event, providing users with an opportunity to gain early access to $BIO tokens until the tokens are transferable. Users can exchange $BIO for ETH or DeSci tokens. BIO is committed to building an on-chain scientific community (BioDAOs) through DeFi mechanisms and real intellectual property (IP).
Investment Institutions
Hong Kong venture capital group The Z Label announced the completion of HK$90 million in financing, led by Beyond Ventures (Hai Kuo Tian Kong Venture Capital). The new funds are intended to create innovative consumer products aimed at the global Generation Z, utilizing new technologies such as artificial intelligence (AI), big data, spatial computing, and blockchain to empower its products to find early market fit, while also combining technological research and development with cross-industry collaborations to promote enterprise incubation and industry innovation.
Former ParaFi Capital partner launches private equity fund Inversion Capital
Santiago Roel Santos, a former partner at blockchain venture capital firm ParaFi Capital, announced the launch of the private equity fund Inversion Capital, aimed at acquiring traditional businesses and transforming their operations through the adoption of crypto technology. Santos believes that some businesses can solve coordination problems through the adoption of crypto tools, which manifest as higher operating costs, capital expenditures, or declining unit economics. Whether business owners are reluctant to accept cryptocurrency is irrelevant, as Inversion Capital will not become an investment partner—it will directly acquire these businesses.
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