10 projects received investment this week

Compiled by: Bitchain Vision

The biggest financing round this week

SecondLive

SecondLive raised $12 million in the private equity round from Crypto.com Capital*, Spark Digital Capital, Cypher Capital, etc.
SecondLive is a meta-universe platform where users can create avatars, explore virtual spaces, and participate in a variety of activities.With over 1 million users, SecondLive promotes self-expression and creativity with powerful user-generated content tools.The platform supports social interaction, entertainment, events and digital asset trading markets and is committed to providing a seamless Web3 experience.

Seed and pre-seed investment round

LAYER

LAYER raised $6 million in seed rounds from 1kx*, Fabric Ventures, etc.
Layer is an Ethereum-based scaling solution that utilizes Web Assembly (Wasm) to provide a flexible development environment.Its core product, “Layer SDK”, enables developers to build complete blockchain applications.

Other investment rounds

Sophon

Sophon raised undisclosed amounts from the Binance Labs Fund in a round of financing.
Sophon focuses on providing consumers with a rich application ecosystem, leveraging effective Validium and ZKsync’s Elastic Chain to enhance user experience.

Synnax Technologies

Synnax Technologies raised $1.6 million in a funding round.
Synnax introduces AI credit intelligence, designed to protect data privacy while providing transparent credit analytics.

RD Technologies

RD Technologies completed a US$7.8 million A1 round of financing, with Sequoia China, Hivemind Capital, Aptos Labs, Hash Global, SNZ Capital, Solana Foundation, Anagram and Upward Capital participating.The funds raised will enable Yuanbi Technology to connect the Web2 and Web3 worlds and continue to contribute to the construction of the Hong Kong Web3 ecosystem.

The company launched the HKDR stablecoin, which aims to drive the application of digital currencies and the expansion of the Web3 economy.On July 18, Yuanbi Technology announced that its subsidiary Yuanbi Innovation Technology Co., Ltd. has been included in the Hong Kong Monetary Authority’s stablecoin issuer sandbox program.Yuanbi Technology will test its HKD stablecoin operation plan in the HKMA sandbox.In addition, Yuanbi Wallet Technology, another subsidiary of Yuanbi Technology, has obtained a stored value payment instrument (SVF) license issued by the HKMA and will be officially operated by the end of 2023.

Mind Network

Mind Network recently announced the completion of a $10 million Pre-A round of financing, with Mike Silagadze, CEO of Animoca Brands, Arkstream Capital, Cogitent Ventures, G Ventures, MH Ventures, Master Ventures, Moonhill Capital, SwissBorg Ventures, IBC Group and ether.fi, Mike Silagadze, CEO of Animoca Brands, Arkstream Capital, Cogitent Ventures, G Ventures, G Ventures, MH Ventures, Master Ventures, Moonhill Capital, SwissBorg Ventures, IBC Group and ether.fi.Encryption angel investors such as KOL Mario Nawfal, Mr Block and Kyle Chassé are involved.

Mind Network is a fully homomorphic encryption re-staking layer that plans to use new financing to integrate more staking protocols to expand its business and continue to release support infrastructure.Users holding pledged assets from the Partner Agreement can redeem vFHE on Mind Network and participate in FHE voting.

Moonray Studio

Web3 multiplayer battle arena game development studio Moonray Studio announced that it has raised $8.25 million through two rounds of financing, with Animoca Brands, Polygon Ventures and Cardano participating, and also establishing a game development partnership with Digital Void and Reel FXStreaming content partnerships and user acquisition partnerships with gaming guilds such as YGG, Snack Club and Unix.

Moonray uses blockchain technology to enhance the gaming experience through asset ownership, customizable NFTs and token rewards, and the new fund is intended to launch a mobile version of Autobattler game in the first quarter of next year.

Nodepay

Decentralized AI training network Nodepay has completed a new round of financing, with Animoca Brands, Jump Crypto, Elevate Ventures, OKX Blockdream, Mirana Ventures, NGC Ventures and others participating in the investment, and the specific financing amount and valuation information have not been disclosed yet.

Nodepay supports users to use unused Internet bandwidth for AI training and convert contributions into digital assets, thus promoting the development of artificial intelligence technology. Its platform says that blockchain technology can ensure privacy in data sources.

ZAR

Digital Wallet ZAR completed an angel round of financing, and angel investors including MonkeDAO, Big Brain Holdings, Solana Labs toly, former Coinbase Chief Technology Officer Balaji and other angel investors participated in the investment. The specific financing amount and valuation information have not been disclosed yet.

ZAR is a digital wallet, and new funds will drive its expansion of merchants, with its app supporting digital dollars and global transactions via virtual and physical debit cards.

RoOLZ

RoOLZ announced that it had completed a $1 million private equity round, with TON, Contango Digital Assets, and Yolo Investments participating in the investment, and the specific valuation information has not been disclosed yet.

RoOLZ is a TON ecological animation IP content platform.The new fund will be used to build on the Telegram/TON ecosystem, combining blockchain technology with animation, and supporting users to participate in tasks powered by GODL tokens, interact with mobile anime content and collect NFTs.

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