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Compiled by: Bitchain Vision
A total of 28 projects have successfully raised funds this week, and the largest financing this week was Polymarket – $45 million.10 projects received pre-seed and seed rounds of investment, and 18 projects received other rounds of financing.The total financing amount in the crypto industry this week reached
The biggest financing this week
1. Polymarket
Polymarket raises in Series B financing$45 million, led by Founders Fund*, Vitalik Buterin, 1confirmation, ParaFi Capital and Dragonfly Capital.
Introduction to Polymarket
Polymarket is a decentralized information market platform where users can trade controversial topics and build portfolios based on their forecasts.By allowing users to buy share in the market, Polymarket provides actionable insights based on traders’ perceptions of future events, making it a primary source of unbiased and real-time data.However, it is currently unable to operate in the United States due to regulatory restrictions, leaving room for other platforms to develop.
Pre-seed and seed rounds
2.Focus Tree
Focus Tree raises in seed rounds from Sfermion*, Volt Capital, Psalion VC, Starkware, Typhon Ventures, Foresight Ventures and Sebastien Borget$2 million.
Introduction to Focus Tree
Focus Tree is a web3 efficiency app designed to combat social media addiction by rewarding users to minimize mobile phone use.It works by allowing users to set timers to block access to other applications, and after successful completion, you can gain a focus point.These points can then be used to cultivate a virtual garden, and the higher the points, the more valuable rewards you can get, such as new trees and garden tiles.The app promotes community engagement by encouraging users to share progress, engage in collaborative focus conversations, and support each other’s productivity goals, aims to create a vibrant ecosystem that promotes focus, productivity and personal growth.
3.Humanity Protocol
Humanity Protocol raises in seed round from Kingsway Capital*, Animoca Brands, Shima Capital and Blockchain.com (Blockchain Ventures)$30 million.
Introduction to Humanity Protocol
Humanity Protocol is a people-oriented zkEVM layer 2 blockchain that pioneered the world’s first witch-proof blockchain network, aiming to bring the first billions of people to Web3.Its mission is to develop Proof of Humanity, provide developers with unique human authentication mechanisms, and give users complete control over their data and identities, as the human layer of the next generation of the Internet.
4.Raven
Raven raises from Hack VC* and Wintermute in seed round$2.7 million.
Introduction to Raven
Raven is a proprietary high-frequency algorithm trading company and market maker that operates in both centralized and decentralized exchanges.Using advanced algorithms, Raven conducts high-speed transactions to take advantage of market inefficiency and ensure liquidity between various crypto assets and platforms.As a crypto-native organization led by DeFi, Raven DAO prioritizes integrity, fairness and transparency, providing liquidity to multiple blockchains, DeFi protocols and centralized exchanges, while collaborating with new crypto projects to succeedLaunch tokens.
5.Shogun
Shogun in Polychain Capital*, dao5 (daofive)*, Maelstrom, Arrington Capital, Primitive, Hypersphere, Mirana Ventures, CitizenX Crypto Ventures, Meltem Demirors, Build-A-Bera, Flowdesk, The Interop Podcast, AVentures DAO, Manifold, DWFLabs, Cobie, Avi Felman, Bryan Pellegrino, Georgios Vlachos, Aniket Jindal, Altcoin Sherpa and Soby raised in the seed round$6.9 million.
Introduction to Shogun
Shogun is an intent-centric DeFi protocol focused on maximizing trader extractable value (TEV) through optimized order flow and complete chain abstraction.Shogun’s cross-chain market making modules, such as DIMM (decentralized cross-chain market makers), simplifies liquidity management and provides traders and liquidity providers with superior user experience, leveraging IBC and cross-chain accounts forDynamic rebalancing and automation strategies.
6.Hylé
Hylé raised in a seed round of funding involving Framework Ventures*, Cherry Ventures, Fabric Ventures, Frst, Heartcore Capital, Uma Roy, Vance Spencer and Batuhan Dasgin$2.6 million.
Introduction to Hylé
Hylé is a smallest first-tier platform dedicated to validating Zero Knowledge Proof-of-the-Knowledge (ZKP), providing a secure and decentralized settlement layer for off-chain applications supported by ZKP.Hylé focuses on modularity and leverages existing technologies such as Cairo, Risc0 and SP1 to provide flexibility and scalability through its dedicated consensus mechanisms while ensuring strong security and privacy.
7.SPARK
SPARK raised in pre-seed financing involving Curiosity Capital, P2 Ventures (Polygon Ventures), Unicorn Factory Ventures (UF Ventures) and Fuel Network$1.5 million.
Introduction to SPARK
Spark is a DeFi super application on the Fuel network that integrates a range of financial services such as perpetual contracts, order book and lending capabilities.It introduces a multi-collateral cross-margin system that supports diversified asset deposits and complex liquidation protocols for risk management.Spark has high-performance order books and advanced tools to facilitate non-custodial interactions and attract developers and traders seeking flexibility and enhanced trading capabilities.
8.Zest
Zest is composed of Draper Associates*, Binance Labs Fund, Flow Traders, Trust Machines, Asymmetric Fund, Gravity Fund, Bitcoin Frontier Fund, DeSpread, Hyperithm, Miton C Fund, Tykhe Block Ventures, Primal Capital, Scimitar Capital, Elixir Capital, Gossamer CapitalRaised in seed rounds with Jigeum Capital$3.5 million.
Introduction to Zest
Zest is an on-chain and open source Bitcoin lending protocol designed to enable Bitcoin to generate real benefits by creating a vibrant lending ecosystem around BTC.It holds funds on the chain and issues loans in a transparent manner through smart contracts, thereby reducing counterparty risks and relies on smart contracts to handle fund pools to ensure the security and auditability of transactions.Zest has two types of pools: earning pools, where users can earn BTC income, and borrowing pools, where users can use their BTC or Bitcoin assets as collateral, which provides liquidity in the blockchain space.and utilize provides a decentralized and efficient solution.
9.ChainML
ChainML (formerly TheoriqAI) is composed of Hack VC*, Foresight Ventures, Inception Capital (formerly OP Crypto), HTX Ventures (formerly Huobi Ventures), Figment Capital, Hypersphere, Alumni Ventures (AVG), NxGen, Antalpha Ventures, NewTribe Capital,Stateless Ventures, Bitscale Capital, Hash Capital, IOSG Ventures, LongHash Ventures, Hashkey Capital, SNZ Holding, Chainlink, Construction Ventures and John Fiorelli were raised in seed rounds$6.2 million.
Introduction to ChainML
ChainML is a scalable, tamper-resistant protocol for decentralized machine learning and related complex data-driven computing for Web3.The Web3 AI platform also launched its proxy base layer Theoriq.
10.Baby Shark Universe
Baby Shark Universe raised in a seed round of financing involving Animoca Brands, Credit Scend, Sui Foundation, Comma3 Ventures, Creditcoin, Notch Ventures, Planetarium, X+ (XDeGods), etc.Undisclosed amount.
Introduction to Baby Shark Universe
Baby Shark Universe is a metacosmic platform built on the BSC ecosystem, designed to create a user-friendly gaming environment and build a true metacosmic ecosystem.Users can interact, trade digital assets and create virtual content in a secure and decentralized environment, leveraging blockchain technology to achieve ownership and transparency.With its foundation in the popular “Pinkfong and Baby Shark” IP, Baby Shark Universe offers a unique space where users around the world can enjoy an immersive experience in the virtual world and collaborate on innovative projects.
Other financing rounds
11.FantaGoal
FantaGoal raises from IDG Capital*, OptaJoe, KuCoin Ventures and Chain Capital in a round of funding$3 million.
Introduction to FantaGoal
FantaGoal (FG) is a Web3 football ecosystem designed to build the world’s largest football community.By tightly integrating the football world with blockchain technology, FantaGoal aims to bring new value and experience to millions of football fans around the world.Through innovative features such as community incentives, token rewards in-game and simplified Web3 engagement, FantaGoal seeks to change the way football enthusiasts participate in the sport, providing them with unique opportunities for participation, entertainment and financial growth.
12.Pencils Protocol
Pencils Protocol (PenPad) raised from OKX Ventures (formerly OKEx Blockdream Ventures) in a round of fundingUndisclosed amount.
Introduction to Pencils Protocol
Pencils Protocol is an innovative auction platform and revenue aggregator on Scroll.By integrating zero-knowledge summary, human-proof login and on-chain verifiable randomness, Pencils Protocol provides a fair launch platform that provides builders with a comprehensive set of Zk solution toolkits that leverage Scroll’s native features to enhance features andSecurity.
13.Peaq
Peaq raises in a round of public sales financing$20 million.
Introduction to Peaq
Peaq is Layer 1 for Decentralized Physical Infrastructure Networks (DePINs).Peaq Network is committed to powering real-world applications through blockchain technology, enabling decentralized protocols and applications across mobility, connectivity, and energy fields (DePINs and dApps).It emphasizes building highly decentralized, scalable and environmentally friendly infrastructure to support machines, vehicles, robots and equipment.Peaq’s ecosystem is designed to promote the tokenization of Machine Real-World Assets (RWAs) and promote innovation and adoption in various industries.
14. Param Labs
Param Labs has raised from Animoca Brands*, Delphi Ventures, Merit Circle, P2 Ventures (Polygon Ventures), Mechanism Capital, NxGen, Cypher Capital, Faculty Group, MH Ventures, Double Peak Group and TRGC in a round of financingRaised $7 million.
Introduction to Param Labs
Param Labs is an AAA game and blockchain development studio focused on creating top blockchain integrated games, with players owning digital assets.Headquartered in Europe and the United States, they are leading the way in developing high-quality MMO games, aiming to combine traditional games with Web3 through a user-friendly experience and a sustainable ecosystem.Their projects include multiplayer KIRAVERSE and 3D game-ready avatar Pixel To Poly, which can be used in Rockstar games and Fortnite.
15.Cross the Ages
Cross the Ages raises from Animoca Brands* and Sebastien Borget in a round of funding$3.5 million.
Introduction to Cross the Ages
Cross the Ages is a mobile-first favorite card game set in a world full of apocalyptic conflicts, based on seven fantasy and science fiction novels.
16.Multipol
Multipool raised from NxGen* in a round of financing$650,000.
Introduction to Multipool
Multipool is a decentralized protocol designed to revolutionize decentralized finance (DeFi) transactions.By solving the challenges present in the current DeFi trading environment, Multipool provides traders and investors with an efficient, secure and flexible solution.Through innovative features such as independent on-chain order book, transparent auctions and repurchase lending, Multipool enables users to enjoy enhanced price execution, fair order execution and flexible lending options while ensuring the highest level of security and decentralization.change.
17.Chainstack
Chainstack raises from SBI Holdings, Sygnum, Azimut and Unicorn Factory Ventures (UF Ventures) in a round of funding$6 million.
Introduction to Chainstack
Chainstack is a leading web3 infrastructure as a service provider that provides developers with easy access to the blockchain platform.Chainstack focuses on high performance and enterprise-level reliability, enabling developers to seamlessly deploy and manage blockchain nodes, allowing them to build and scale blockchain applications without the hassle of managing the underlying infrastructure.
18.STON fi
STON fi raised in a round of financing from CoinFund, Delphi Ventures, Karatage, TON Ventures, Anton Bukov and Sergej KunzUndisclosed amount.
Introduction to STON fi
STON fi is a decentralized exchange (DEX) powered by the TON blockchain, providing users with almost zero fees, low slippage and user-friendly interface.It operates as an automated market maker (AMM), enabling users to exchange assets without relying on the central side and allows anyone to exchange liquidity by providing liquidity to the liquidity pool in exchange for fees.STON fi is designed to make cryptocurrency transactions accessible to the broader audience, prioritizing community engagement and support.
19.Zeta Markets
Zeta Markets raised in a strategic round of financing from Electric Capital*, Digital Asset Capital Management (DACM), AirTree Ventures, Selini Capital, Anatoly Yakovenko, Jordi Alexander and Alex Smirnov$5 million.
Introduction to Zeta Markets
Zeta is the top unsecured DeFi derivatives platform that provides liquid derivatives trading for individuals and institutions.
20.Anomaly
Anomaly raised from Decasonic, Shima Capital, BreakOrbit, Round13 Capital and Zeneca in a round of financing$1.5 million.
Anomaly Introduction
Anomaly is an AI game studio and Layer 3 blockchain innovator dedicated to reshaping the gaming industry.By combining Web3 with SocialFi and leveraging advanced AI technologies, Anomaly aims to create immersive experiences that go beyond traditional boundaries.Anomaly stands out with its fast game development, AI-powered tools and commitment to community engagement, inviting gamers and developers to join the new era of interactive entertainment.
21.Lifeform
Lifeform raises in a round of public sales financing$450,000.
Introduction to Lifeform
Lifeform is a decentralized provider of visual digital identity (DID) solutions.The core technologies of the platform include: ultra-realistic 3D avatar creation tools; visual DID protocols; secure and innovative contract solutions; decentralized identity systems for Web3 avatars; Metaverse Engine Software Development Kits (SDKs).
22.Gamic
Gamic raised in a round of financing from P2 Ventures (Polygon Ventures), Gate Labs, Mapleblock Capital, Mulana Capital, Double Peak Group, Momentum 6 (M6), DWeb3 Capital, LD Capital, Sandeep Nailwal, Kryptos and Vijay Pravin Maharajan$1.8 million.
Introduction to Gamic
Gamic is a decentralized messaging platform designed for individuals and communities seeking to interact with Web3 products and services.The platform provides a range of management solutions tailored to friends, gamers, brands, creators and community managers, combining the convenience of Web2 with the benefits of Web3 to promote non-existence in a decentralized ecosystemSew participation.
23.Re
Re raised from Electric Capital* in a round of financing$7 million.
Re Introduction
Re is a blockchain-powered reinsurance protocol.It is an RWA platform focused on providing tokenized reinsurance.
24.mint fun
Sekuya raised in a round of financing from SingularityDAO*, OIG Capital (Oracles Investment Group), Gains Associates, NewTribe Capital, SeedThrift Ventures and Bigger Than Race VC$1.6 million.
Introduction to Sekuya
Sekuya is a Singapore-based video game company dedicated to transforming the gaming industry with a community-driven approach in the anime epic fantasy universe.Their flagship project Sekuya Multiverse combines popular MOBA and RPG gaming genres, providing a novel gaming experience for more than 250 million players around the world.With a thriving community base in Southeast Asia and beyond, Sekuya Multiverse offers an immersive experience set in the Novae Terrae universe, known as the “jumper”, where players can customize their characters and participate in engaging storylines, and fight to collect sekumon souls for generous rewards.
25.Fireblocks
Fireblocks raises from HAUN Ventures in a round of fundingUndisclosed amount.
Introduction to Fireblocks
Fireblocks is an institutional-oriented cryptocurrency and digital asset platform.Fireblocks’ software and APIs are used to host, manage treasury operations, access DeFi, mint and destroy tokens, and manage their digital asset operations.
26.Chainalysis
Chainalysis raises from HAUN Ventures in a round of fundingUndisclosed amount.
Introduction to Chainalysis
Chainalysis is a blockchain data platform that provides data, software and services to various entities around the world.Trusted by government agencies, financial institutions, exchanges and cybersecurity companies in more than 70 countries, Chainalysis provides them with critical data-driven solutions for investigation, compliance and market intelligence to promote secure growth in cryptocurrency adoption and use.
27.UXLINK
UXLINK raises from SevenX Ventures, INCE Capital and Hashkey Capital in a round of financing$5 million.
Introduction to UXLINK
UXLINK is a Web3 social platform designed for large-scale adoption, enabling users to create social assets and participate in cryptocurrency transactions.This innovative platform includes a series of modular Dapps covering user introduction, social graph formation, group tools and social transactions.
28.Engines of Fury
Engines of Fury raises in a public sale round$550,000.
Introduction to Engines of Fury
Engines of Fury is a free-to-play blockchain game designed to revolutionize the gaming industry by providing unparalleled quality and attracting a huge user base from the global Web 2 gaming community.This is a post-apocalyptic overview shooting game.
Source: Crypto Fundraising, Bitchain Vision
