Financing Express of the Week | 24 projects received investment, with a total disclosed financing amount of approximatel
According to incomplete statistics from Odあいly Planet Daily, there were 24 blockchain financing events announced at home and abroad from October 14 to October 20, an increase from last weeks data (18). The total amount of financing disclosed was approximately US$921 million, a significant increase from last weeks data (US$108 million).
Last week, the project that received the most investment was cyber-state project Praxis ($525 million); followed by Bitcoin infrastructure 発達 会社 Blockstream ($210 million).
The following are specific financing events (Note: 1. Sort by the amount of money announced; 2. Excludes fund raising and MA events; 3. * indicates a traditional company whose business involves blockchain):
On October 16, the Network State project Praxis announced on Tuesday that it had raised $525 million in financing, with participation from Arch Lending, Manifold Trading, and angel investors such as Farcaster CEO Dan Romero and Worldcoin co-founder Max Novendstern. The project had previously received financing from Paradigm, Alameda Research, and Three Arrows Capital.
Blockstream Completes $210 Million Convertible Note Financing, Led by Fulgur Ventures
On October 15, Bitcoin infrastructure development company Blockstream completed a $210 million convertible note financing led by Fulgur Ventures. Blockstream plans to use the funds to accelerate the market application of its Layer 2 technology, expand its Bitcoin mining business, and enhance Bitcoin reserves.
On October 15, blockchain video game development company Azra Games announced the completion of a $42 million Series A financing round led by Pantera Capital, bringing its total financing amount to $68.3 million.
It is reported that Azra Games was founded in 2022 by veteran game designer Mark Otero. It currently plans to develop a high-quality role-playing game called Project Legends and will integrate NFT and blockchain technology while promoting the development of the fourth-generation RPG games, first launched on mobile dev氷s.
Yellow Card Completes $33 Million Series C Funding, Blockchain Capital Leads Investment
On October 18, pan-African fintech company Yellow Card completed a $33 million Series C financing round led by Blockchain Capital.
Yellow Card is a pan-African fintech company providing stablecoin-based financial infrastructure. As the continent’s largest and first licensed stablecoin on/off platform, the company provides businesses of all sizes with a secure and cost-effective way to buy and sell USDT, USDC, PYUSD and more in local currency – either directly or through its payment API.
Crypto derivatives exchange Bitnomial completes $25 million financing, led by Ripple Labs
On October 16, 暗号 derivatives exchange Bitnomial announced the completion of a $25 million financing round led by Ripple Labs, and launched the perpetual futures trading platform Botanical in the United States, which is currently in a closed beta test phase.
The platform will provide investors with a way to trade perpetual futures, traditional futures and options. Bitnomial CEO Luke Hoersten said the platform aims to provide a regulated and innovative trading experience and use Ripples RLUSD stablecoin to settle perpetual futures.
zkPass Completes $12.5 Million Series A Financing, Animoca Brands and Others Participate
On October 17, the privacy-preserving data verification protocol zkPass completed a $12.5 million Series A financing round, with a valuation of $100 million. Dao 5, Animoca Brands, Flow Traders, Amber Group, IOBC Capital, Signum Capital, MH Ventures and WAGMI Ventures participated in the investment. It is reported that zkPass plans to launch tokens in the first quarter of next year.
Opacity Network Completes $12 Million Seed Round, Led by Breyer Capital and Others
On October 16, Opacity Network, a data verification platform based on zero-knowledge proof, announced the completion of a $12 million seed round of financing, led by Archetype and Breyer Capital, with participation from a16z Crypto Startup Accelerator (CSX), Finality Capital Partners, Bodhi Ventures and Escape Velocity (EV3). This seed round of financing brings Opacity Networks total financing to $13.4 million. Previously, the company raised $1.4 million in the Pre-Seed round of financing.
On October 14, Bitcoin staking protocol Solv Protocol announced that it had completed $11 million in financing at a valuation of $200 million, with participation from Nomura subsidiary Laser Digital, Blockchain Capital, OKX Ventures, etc. It is reported that Solv Protocols SolvBTC product has deployed more than 20,000 BTC (about $1.3 billion) in 10 major blockchain networks.
On October 17, Mento Labs, the development team of Mento, a decentralized EVM platform on the Celo network, announced the completion of a $10 million financing round, with participation from T-Capital, HashKey Capital, Richard Parsons, Flori Ventures, No Limit Holdings, Verda Ventures and w3.fund.
On October 15, blockchain financial services application Predicate announced the completion of a $7 million financing, with Tribe and 1kx participating in the investment. The company plans to launch its product this week and will operate under the concept of decentralization. Predicate is a startup founded by two alumni of the blockchain Celo, aiming to connect blockchain applications with the financial world. It is reported that the company refused to talk about plans to launch tokens.
On October 18, Canyon Network, a New York-based on-chain AI oracle service, announced the completion of a $6 million financing round, with participation from DeData Technologies, DAO Venture, Vinci Labs, and Fission Digital Capital. Its valuation reached $60 million. The new funds will be used to support its development and launch of Onchain AI Oracle to enhance the transparency, efficiency, and security of AI-driven blockchain applications.
On October 19, ZEROBASE, a real-time ZK proof network launched by Salus Security, received $5 million in financing, dedicated to providing privacy and access to the worlds fastest decentralized computing infrastructure.
It is understood that it has obtained investments from top institutions such as Binance Labs, Faction VC and daofive; other investment institutions include MPCI, IDG_Blockchain, symbolicvc, MH_Ventures, OakGroveVC, 10 kventure, Web3Port Fund, 071 _labs, LECCA Ventures, K 24 Ventures, pakafund, rootzlabs, 1 L and cherry_ventures.
Drop Protocol Completes $4 Million Seed Round, Led by CoinFund
On October 17, the liquidity staking agreement Drop Protocol announced the completion of a $4 million seed round of financing, led by CoinFund, with participation from CMS Holdings, Anagram, Interop Ventures, Cosmostation, as well as angel investors such as Lido DAO co-founder Vasiliy Shapovalov, Celestia Labs co-founder Mustafa Al-Bassam, and Abacus Labs CEO and Hyperlane core contributor Jon Kol. The new funds are intended to promote new economic possibilities in the Interchain.
Plasma completes $3.5 million financing, Bitfinex leads the investment
On October 18, EVM-compatible Plasma completed a $3.5 million financing, led by Bitfinex, with participation from Christian Angermayer and venture capital firms Split Capital, Anthos Capital, Karatage and Manifold Trading. Bitfinex CTO and Tether CEO Paolo Ardoino also supported the project. Plasma is trying to support Bitcoin for network gas fees while integrating Ethereums account-based model.
Pell Network Completes $3 Million Seed Round of Financing, Led by Halo Capital and Others
On October 15, Pell Network, a Bitcoin ecosystem AVS network, announced the completion of a $3 million seed round of financing, led by Halo Capital, Mirana Ventures and Paper Ventures, with participation from ArkStream Capital, Caliber Venture Builder, Cogitent Ventures and others. Pell Network aims to build a full-chain decentralized verification service (DVS) network powered by Restaking.
Open content delivery network Blockcast completes $2.85 million in financing, led by Lattice Fund
On October 15, Blockcast, an open content delivery network built on a unique cache architecture, announced the completion of a $2.85 million financing round, led by Lattice Fund, with participation from angel investors such as Protocol Labs, Finality Capital Partners, AllianceDAO, Zee Prime Capital, RW 3 Ventures, and Solana founder Anatoly Yakovenko. The specific valuation information has not yet been disclosed. It is reported that the Blockcast network is built on the projects multicast adaptive HTTP proxy, which can be installed anywhere from rack units in the core network to smart TVs in consumers homes.
On October 16, Avalanche ecosystem social protocol The Arena announced the completion of a $2 million Pre-Seed round of financing, with participation from Blizzard (Avalanche ecosystem fund), Ava Labs and Avalanche leadership team members, Balaji Srinivasan, Abstract Ventures, D 1 Ventures, Saron Funds, Alpha Crypto Capital and other angel investors from Galaxy Digital, Fenbushi, Republic, Espresso Systems, Efficient Frontier and Dao 5.
As an Avalanche-based social hub, The Arena also welcomes participation from high-quality partners in its ecosystem, including Trader Joe and the Benqi team.
Flappy Bird Foundation Completes $2 Million Funding, Led by Kenetic Capital and Scytale Ventures
On October 14, the Web3 mobile game project Flappy Bird Foundation announced the completion of a new round of financing of US$2 million, led by Kenetic Capital and Scytale Ventures, with participation from Big Brain Holdings, Optic Capital and 4 SV. The new funds will support the project to add a series of new Web3 features to attract nostalgic and new generation players. It is reported that under the management of the newly established Flappy Bird Foundation, the games intellectual property rights will continue to be protected.
On-chain DA project Hyve completes $1.85 million seed round of financing, led by Lemniscap
On October 17, the on-chain data availability (DA) project Hyve announced the completion of a $1.85 million seed round of financing, led by Lemniscap and participated by Paper Ventures, Frachtis and others. It is reported that Hyve’s solution HyveDA is a completely permissionless data availability layer that currently supports 1 GB of throughput per second.
On October 17, Bitcoin protocol layer Surge announced the completion of a $1.8 million Pre-Seed round of financing, with participation from Autonomy, Gerstenbrot Capital, Double Peak Group, Sats Ventures, Vamient Capital, Samara AG, and angel investors including Rushi Manche of Movement Labs, Coingecko co-founder Bobby Ong and TM Lee. The new funds will drive the development of its MetaLayer to fully tap the potential of Bitcoin as the global currency base layer. It is reported that Surge plans to launch its test network soon.
Stablecoin developer Hermetica completes $1.7 million seed round, led by UTXO Management
On October 15, stablecoin developer Hermetica completed a $1.7 million seed round of financing, led by UTXO Management, with participation from CMS Holdings, Ethos Fund, Trust Machines SPV, Newman Capital, Silvermine and a group of angel investors. Hermetica issued yield-generating synthetic US dollars USDh on the Bitcoin network.
PinGo Lab completes seed round financing, CGV FOF and others participate
On October 14, decentralized infrastructure PinGo Lab announced the completion of its seed round of financing, with participation from CGV FOF, K 24 Fund, Catcher VC and Landscape Capital. The specific amount has not been disclosed yet.
On October 15, the blockchain-based metaverse platform World of Dypians announced the completion of a new round of financing. IBC Group Official participated in the investment and reached a partnership with it. The specific amount of financing has not been disclosed. The platform integrates elements of DeFi and NFT, allowing players to own assets and participate in transactions and governance.
Binance Labs Invests in Bitcoin Liquidity Staking Platform Lombard
On October 16, Binance Labs invested in Bitcoin liquidity staking platform Lombard. Lombard co-founder and head of strategy Jacob Phillips declined to disclose the valuation in the latest round of financing, but pointed out that the startup’s current total financing amount is around US$17 million, which is higher than the US$16 million seed round of financing four months ago, which means that Binance Labs’ investment scale is about US$1 million.
This article is sourced from the internet: Financing Express of the Week | 24 projects received investment, with a total disclosed financing amount of approximately US$921 million (10.14-10.20)
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