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Compiled by: Bitchain Vision
A total of 24 projects have successfully raised funds this week, and the largest financing this week was Optimism – a $90 million financing.10 projects received pre-seed and seed round investment, and 14 projects received other rounds of financing.The total financing of the crypto industry this week reached US$216.7 million.
The biggest financing this week
1. Optimism
Optimism raises in a round of funding for Andreessen Horowitz (a16z crypto)90 millionDollar.
Introduction to Optimism
Optimism is Ethereum’s Layer2 extension solution that can support all Ethereum’s Dapps.Unlike having all the calculations and data run on the Ethereum network, Optimism puts all transaction data on the chain and runs the calculation off-chain, increasing Ethereum’s transaction volume per second and reducing transaction fees., thereby increasing Ethereum’s transaction volume per second and reducing transaction fees.
Pre-seed and seed rounds
2.Resonance Security
Resonance Security raises from Arca Fund, Fabric Ventures and Blockchain Founders Fund in pre-seed financing1.5 millionDollar.
Introduction to Resonance Security
Resonance Security is a comprehensive cybersecurity company that provides security solutions for organizations in Web2 and Web3 environments.Through personalized assessments and “security scores,” the platform can identify and address weaknesses, enabling organizations to proactively mitigate potential threats and maintain strong cybersecurity measures in real time.
3.EYWA
EYWA raises in seed rounds from Michael Egorov, Big Brain Holdings, Genesis Block Ventures Capital (GBV), Distributed Capital, Marshland Capital and Mulana Capital7 millionDollar.
Introduction to EYWA
EYWA is a cross-chain liquidity protocol designed to enhance interoperability and liquidity sharing among different blockchain networks.It promotes seamless asset transfer and interaction between different DeFi ecosystems, aiming to create a more unified and efficient blockchain environment.By integrating multiple chains, EYWA not only simplifies user transactions, but also supports developers to build more functional DeFi applications.The protocol aims to reduce fragmentation of encrypted spaces, enable wider access and more fluid market conditions.
4. Airstack
Airstack raised in seed rounds from Red Beard Ventures, Superlayer, Polymorphic Capital, Superscrypt, Hashed Emergent, Delta Blockchain Fund, CSP DAO, Primal Capital, Kyber Ventures, NGC Ventures (NEO Global Capital), Resolute Ventures and Allen Day$4 million.
Introduction to Airstack
Airstack is a web3 API platform designed to enable individuals to easily discover and use data from the entire web3 ecosystem through the API.
5.Blade Games
Blade Games raised in seed round from PTC Crypto (Palm Tree Crew), IOSG Ventures, Bonfire Union, Animoca Ventures, Mantle Network, Foresight X, Formless Capital, Public Works, Puzzle Ventures and K300 Ventures$2.4 million.
Introduction to Blade Games
Blade Games is a gaming studio dedicated to developing trustless games and infrastructure and bringing digital reality into it.They focus on developing games based on zero-knowledge proofs, are committed to promoting blockchain game innovation and emphasize player sovereignty.
6.Agora
Agora raises in seed round$5 million, investors include HAUN Ventures, Seed Club Ventures, Coinbase Ventures, Credibly Neutral, Sina Habibian, Balaji Srinivasan, Tim Beiko, Dan Romero, Will Price, Liam Horne, Hasu and Packy McCormick.
Introduction to Agora
Agora is a cross-chain governance platform that provides end-to-end protocols for the decentralized community, including tools such as gas voting, proposal sponsorship and API integration.Trusted by top protocols like Optimism and Uniswap, Agora offers scalable governance solutions with modular capabilities to meet changing community needs.
7.Baxus
Baxus raised in seed rounds from Multicoin Capital, Solana Ventures, FJ Labs, Narwhal Ventures, Austin Federa, Regan Bozman, Mike Zajko and Vinny Lingham$5 million.
Introduction to Baxus
Baxus is a wine and spirits trading platform that utilizes blockchain technology to provide users with proof of ownership, authentication and secure storage solutions.By leveraging blockchain, Baxus ensures transparency and authenticity of alcoholic beverage transactions, and the corresponding NFTs can prove ownership and facilitate secure transactions.When a user exchanges tokens for physical whiskey bottles or whiskey buckets, the relevant NFTs will be invalidated and the goods will be removed directly from the trading platform.
8.MilkyWay
MilkyWay raises in seed round$5 million, investors include Polychain Capital, Binance Labs Fund, Hack VC, Crypto com Capital, LongHash Ventures, Mustafa Al-Bassam, George Lambeth, Batuhan Dasgin, Yaoqi Jia and Michael Ng.
Introduction to MilkyWay
MilkyWay is Celestia’s liquid staking solution that allows users to stake TIA coins and obtain milkTIA tokens that represent their staking positions and provide liquidity for staking assets.With MilkyWay, users can receive pledge rewards with automatic compounding while still having the flexibility to trade or use their pledged assets in DeFi products.In addition, MilkyWay Protocol will launch its native token, MILK, which grants holders a share of the agreement fees generated by governance rights and staking rewards.
9.STYLE Protocol
STYLE Protocol raised in seed rounds from Morningstar Ventures, DCI capital (Dutch Crypto Investors), NxGen, Genesis Block Ventures Capital (GBV), Protocol Labs, Filecoin, Alpha Grep, FunFair Ventures$2.5 million.
Introduction to STYLE Protocol
The STYLE protocol is a decentralized infrastructure designed to facilitate the licensing and interoperability of assets and NFTs in any virtual environment.By leveraging the NFT sublicensing mechanism, it enables true interoperability of virtual assets across various meta-universes, games and virtual worlds.The $STYLE token supports this protocol, allowing users to unlock custom avatars and seamlessly use in-game assets in different virtual worlds.
10.Bull Run Bets
Bull Run Bets raises from NxGen, Oddiyana Ventures, FundLand Capital, Triple Gem Capital and Aitech Labs in seed round$500,000.
Introduction to Bull Run Bets
Bull Run Bets is an innovative AI-powered online casino that combines blockchain technology with a wide range of gaming options including PVP betting, casino gaming, sports betting and derivatives trading.Emphasizing transparency, fairness and security, the platform incorporates NFT into the gaming experience, provides unique betting options, and enhances player engagement with loyalty rewards, tournaments and AI-enhanced fraud detection.Bull Run Bets is officially licensed for Curacao video games, which promises to provide a safe, fair and engaging environment for all players.
11.Metale Protocol
Metale Protocol (formerly Read2N) raised from Waterdrip Capital, Aipollo Investment, Ultiverse in seed round$2 million.
Introduction to Met ale Protocol
Metale Protocol is a peer-to-peer publishing protocol designed for digital publications that provides a Web3 lifestyle application called Read2N.Read2N integrates Game-Fi and Social-Fi elements to motivate users to participate in literature by providing NFT rewards for reading books.Through the Game-Fi approach, Read2N aims to promote extensive reading engagement and build governance content in its DAO, enabling users to contribute to the creation of the literary metaverse.
Other financing rounds
12.Shadow War
Shadow War raises in Series A$5 million, investors include Momentum 6 (M6), Cointelligence Fund, Cogitent Ventures, Spicy Capital, NewTribe Capital, Cluster Capital, Andromeda Capital and iAngels Capital.
Introduction to Shadow War
Shadow War is a free third-person 5v5 action game that combines futurism, fantasy and competitive elements with a focus on close combat.It encourages players to use skills and tactical strategies while providing players with a way to earn top-level resources without relying on paid winning mechanisms.
13.Mitosis
Mitosis raises in a round of financing$7 millionInvestors include Amber Group, Foresight Ventures, Big Brain Holdings, Folius Ventures, CitizenX Crypto Ventures, GSR Markets LTD, Cogitent Ventures, No Limit Holdings (NLH), Digital Asset Capital Management (DACM), Everstake, Pivot Global, Nonce Classic, Pulsar, MrBlock, Jasraj Bedi, Soby, Chjango Unchained, Sunny Aggarwal and Eric Chen.
Introduction to Mitosis
Mitosis is the Ecosystem-owned Liquidity (EOL) L1 blockchain that transforms the DeFi LP experience by applying economies of scale to asset management.It gives liquidity providers (LPs) greater bargaining power and provides novel approaches to liquidity within the ecosystem.
14. The Open Network
The Open Network (TON) raises a round of funding at Pantera CapitalUndisclosed amount.
Introduction to The Open Network
TON (The Open Network) is a completely decentralized Layer1 blockchain developed by Telegram.It offers fast transactions, low fees, user-friendly apps and environmentally friendly features.TON aims to combine various blockchains with existing internet to provide a scalable and secure platform capable of hosting a wide range of applications and services.
15.Mocaverse
Mocaverse (Moca) raises in a round of public sales financing$5 million.
Introduction to Mocaverse
Mocaverse is a gamified meta-universe product from Animoca Brands that features unique Moca creatures where users can collect, play and trade NFTs.Users can explore Mocaverse, participate in challenges, customize their own Moca creatures, and contribute to their development by participating in governance.
16. Paragraph
Paragraph raised from Union Square Ventures (USV), Coinbase Ventures in a round of financing$5 million.
Introduction to Paragraph
Paragraph is a Web3 publishing platform that helps Web3 writers, DAOs and NFT communities monetize their content with a one-stop newsletter service.
17. Introduction to Securitize
Securities raised in a round of funding from BlackRock, Hamilton Lane, ParaFi Capital, Aptos Labs, Circle Ventures, Paxos and Tradeweb$47 million.
Introduction to Securitize
Securities is a compliance platform and protocol for issuing and managing digital securities on the blockchain.
18.Movement Labs
Movement Labs raises in Binance Labs Series A FundUndisclosed amount.
Introduction to Movement Labs
Movement Labs is developing a modular framework for building and deploying infrastructure, applications, and blockchains using the Move programming language in a distributed environment.Their first product, M1, is a layer 1 blockchain that offers high TPS, instant endurance, native liquidity access and customizable features.Their programming language, Move, emphasizes asset scarcity and access control for secure Web3 development.
19.OVERWORLD
OVERWORLD raises from DWF Ventures in a round of financingUndisclosed amount.
Introduction to OVERWORLD
Game development studio Overworld is working with blockchain game publisher Xterio to create a Web3 free action role-playing game Overworld with anime-style artwork.The studio focuses on bringing NFT and digital ownership as optional features to enhance the gaming experience and promote community development.
20.X10
X10 raised in a round of financing from Tioga Capital Partners, Semantic Ventures, Cherry Ventures, Starkware, Cyber Fund and Konstantin Lomashuk$6.5 million.
Introduction to X10
The X10 is a hybrid cryptocurrency exchange that combines the speed and functionality of a centralized exchange with the security and transparency of a decentralized exchange.By leveraging the StarkEx Layer 2 engine for on-chain settlement and precise market pricing with independent oracle price providers, the X10 is designed to provide users with better latency, throughput and liquidity while maintaining the independent custody of assets.
21.Backed
Backed raises from Gnosis DAO, Exor Seeds, Cyber Fund, Mindset Ventures, Stake Capital, Blockchain Founders Fund, Blue Bay Ventures and Nonce Classic in Series A round$9.5 million.
Introduction to Backed
Backed is a tokenized asset issuer that promotes the integration of real-world assets and blockchain by issuing ERC-20 tokens.These tokens represent the value of assets such as stocks or ETFs, ensuring full collateral and compliance with Swiss regulations.Backed focuses on accelerating its private tokenized products and bringing asset managers to the blockchain platform, aiming to simplify the capital market and increase accessibility of asset-backed tokens.
22.TNA
TNA raises from MH Ventures, CSP DAO and Cogitent Ventures in a round of financingUndisclosed amount.
Introduction to TNA
TNA is a native naming protocol for Bitcoin’s mainnet, which helps issue and manage unique name assets.TNA uses sparse Merkel tree structures and its TNA core framework to ensure decentralized naming services and seamless interoperability across various blockchain ecosystems, thereby enhancing availability and asset management within the Bitcoin network.
23.Holograph
Holograph raises from Mechanism Capital, Selini Capital, Arca Fund, Courtside Ventures, Hartmann Capital and Northrock Capital in a strategic round$2.8 million.
Introduction to Holograph
Holograph provides full-chain NFT infrastructure for creators, developers and businesses.
24.LazyBear
LazyBear raises from SalAd Labs, Bee Network, REI Network, Synbo Protocol, PredxAI, Bitcoin Gbox, GemX Crypto, aZen Network and Sypool in a strategic round$4 million.
Introduction to LazyBear
LazyBear is a Web3 cryptocurrency trading platform known for its industry’s lowest fees and ease of use, offering futures and order trading.LazyBear focuses on perpetual contracts and is committed to Web3 integration, providing a dynamic and inclusive trading environment designed to power retail traders.
Source: Crypto Fundraising, Bitchain Vision
