jakiro
Compiled by: Bitchain Vision
A total of 30 projects have been successfully financed this week, and the largest financing this week isSophon – Raise $60 million.14 projects received pre-seed and seed round investment, and 16 projects received other rounds of financing.The total financing amount in the crypto industry this week reached
The biggest financing this week
1. Sophon
Sophon raised from Maven 11 Capital, Paper Ventures, The Spartan Group and SevenX Ventures in a public financing round$60 million.
Pre-seed and seed rounds
2.BAC Games
BAC Games raised in seed rounds from Hash Global, Gate Ventures, Matr1x, Stratified Capital, W Labs DAO (Watermelon Labs), Nothing Research and Ash Crypto$1.5 million.
Introduction to BAC Games
BAC Games is the first Web3 gaming platform on Blast, providing a variety of exciting games.The first game in the series, BAC (Blast Auto Club), is an easy HTML5 club racing game based on the Blast blockchain, ensuring a safe and transparent gaming environment while providing players with about digital racing and blockchain technologyAn interesting learning experience.The exclusive use of BAC tokens in BAC Games drives the in-game economic system, enhancing player interaction and reward mechanisms, with the mission to revolutionize WEB3 games through social interaction and create a vibrant digital cyberspace for innovative and interactive gaming experiences.
3.Arbelos Markets
Arbelos Markets raised in seed rounds from Dragonfly Capital*, Room40 Ventures, Selini Capital, Breed VC, FalconX, Circle Ventures, Paxos, Chorus One, P2 Ventures (Polygon Ventures), Starkware, Immutable and Deribit$28 million
Introduction to Arbelos Markets
Arbelos Markets is a trading company that provides key liquidity in the full range of cryptocurrency derivatives markets from high exposure to programmatic trading.
4.Seeds Labs (Bladerite)
Seeds Labs (Bladerite) raised in seed rounds from Blizzard, Krust Universe, Hashkey Capital, UOB Venture Management, Signum Capital, Infinity Ventures Crypto (IVC), Emote and Solana Foundation$12 million.
Introduction to Seeds Labs (Bladerite)
Seeds Labs is a game developer focusing on high-quality gaming and infrastructure and is committed to creating a fair and transparent economic system within the gaming industry.Their flagship product, Bladerite, is a Web3 melee battle royale game released worldwide this month, with innovative gameplay mechanics inspired by fighting games and action games.By working on the new gaming business model, Seeds Labs aims to alleviate tensions between players and developers while ensuring sustainable revenue to support ongoing game development investments.
5.Glacis
Glacis in seed rounds from
Introduction to Glacis
Glacis is a versatile protocol that serves as a universal adapter for firewalls, routers and chain-independent messages, facilitating seamless cross-chain operation.Developers use Glacis to define security requirements and routing logic for messages sent to different blockchain networks, thus enabling simplified and secure decentralized application (dApp) development.Through integration with cross-chain universal messaging protocols (GMPs) like Axelar and Wormhole, Glacis enables developers to focus on creating robust applications without the complexity of managing multiple blockchain networks.
6.AgriDex
AgriDex raises in Pre-seed round$5 million, investors include Endeavour Ventures, Parrogate and Oldenburg Vineyards.
Introduction to AgriDex
AgriDex is a market for RWA (real-world assets) powered by Solana, revolutionizing the global agricultural industry by providing a transparent and integrated platform and its own internal economic system.Using on-chain fiat-on-Chain, smart contracts and participation in reviews, AgriDex provides a compliant and efficient solution for agricultural supply chain management, enabling participants in the agricultural sector to conduct transparent transactions efficiently.
7.Arch Network
Arch Network raises in seed round$7 million, investors include Multicoin Capital*, Portal Ventures, Big Brain Holdings, OKX Ventures (formerly OKEx Blockdream Ventures), Coin Merge Strategy (CMS), Tangent Ventures, UTXO Management, ABCDE Capital, Cypher Capital, Newman Capital and individual investor SantiagoR. Santos, Muneeb Ali, Jason Choi and Aaron Henshaw.
Introduction to Arch Network
Arch Network is a native application platform that combines Bitcoin’s sovereignty principles with complete programmability and execution capabilities.By leveraging Solana’s efficiency and Bitcoin’s liquidity and security, Arch enables developers to build decentralized applications (dApps) directly on the native chain of Bitcoin, while adhering to the core principles of decentralization and security, unlock new possibilities.Join Arch’s dynamic developer community to get access to innovative contract standards and jointly shape the future of blockchain innovation on Bitcoin Layer 1 through an incentivized testnet and collaborative development efforts.
8.DLC Link
DLC Link raises in seed roundAn undisclosed amount of funds, the investor is Cryptogram Venture (CGV).
Introduction to DLC Link
DLC Link introduces a trustless bridge to Ethereum’s DeFi (Decentralized Finance) ecosystem, using discrete logarithmic contracts (DLCs) to safely represent Bitcoin on the Ethereum blockchain and represent it as dlcBTCTokens.By using DLCs, users retain full control of their assets and are able to participate in DeFi protocols without relying on intermediaries or custodians, ensuring strong security and user sovereignty.DLC Link’s innovative approach makes cross-chain communication seamless, offering unique advantages over traditional packaging Bitcoin (wBTC) solutions, including self-packaging, faster transaction speeds and competitive fees.
9.Lagrange
Lagrange raises in seed round$13.5 million, investors include Founders Fund*, Archetype, 1kx, Maven 11 Capital, Fenbushi Capital, Volt Capital, CMT Digital, Mantle Network, and individual investors Nikil Viswanathan, Joe Lau, David Phelps and Amrit Kumar.
Introduction to Lagrange
Lagrange Lab is a zero-knowledge (ZK) startup that develops a ZK system that enables secure interoperability between different blockchain networks by providing generalized proof of state.Unlike traditional bridge and messaging protocols, the Lagrange protocol allows real-time cryptographic proofs of cross-chain state, enhances security and enables decentralized applications to run seamlessly on multiple blockchains.
10.BlockBoosters
BlockBooster raises in seed round$1.5 million, investors include OKX Ventures (formerly OKEx Blockdream Ventures), Conflux Network and BitcoinLab.
BlockBoosters Introduction
BlockBoosters is a Hong Kong-based startup accelerator focused on fostering the development of next-generation protocols and software infrastructure in the Web3 space in Asia.Through expertise, mentoring and a network of experienced professionals, BlockBoosters supports incubation projects that promote creativity, execution and talent recruitment and ensure the success of innovative enterprises in the blockchain industry.
11.Botanix Labs
Botanix Labs raises in seed round$8.5 million, investors include Polychain Capital, Placeholder, Valor Equity Partners, ABCDE Capital, and individual investors Andrew Kang, Fiskantes, The Crypto Dog, Altcoin Sherpa, Dovey Wan, icebergy and domo.
Introduction to Botanix Labs
Botanix Labs is a fully decentralized Bitcoin Layer 2 solution that utilizes the security and decentralized features of Bitcoin for dApp development.By combining the versatility of Ethereum virtual machines with the robustness of Bitcoin, it introduces a proof of stake consensus layer on top of Bitcoin’s proof of work, using bits through decentralized multi-signal wallets in the Spiderchain networkCoins are collateralized, thereby enhancing security and decentralization.
12.Ambient Network
Ambient Network raises in seed round$2 million, investors include Borderless Capital*, Solana Ventures, Sonic Boom Ventures and Primal Capital.
Introduction to Ambient Network
Ambient Network is a Solana-based decentralized physical infrastructure network (DePIN) focused on collecting environmental data.It acquired the PlanetWatch network previously based on Algorand, and plans to migrate to Solana while launching its own token.
13.Electron Labs
Electron Labs raises in seed round$1 million, investors include LambdaClass, Zephyrus Capital, Blue7, Interop Ventures, FounderHeads VC, Router Protocol, as well as individual investors Aniket Jindal, Sandeep Nailwal, Anurag Arjun, Ajit Tripathi, Martin Köppelmann and Jaynti Kanani.
Introduction to Electron Labs
Electron Labs is a universal ZK (zero-knowledge) proof aggregation layer based on Ethereum, leveraging light client and zero-knowledge proof to maintain decentralization.By using UPA (Universal Proof Aggregator), Electron Labs integrates proofs from multiple sources into a single super proof, effectively reducing the cost of each use case.
14.DwellFi
DwellFi raises in seed round$3 million, investors include E1 Ventures, Stanford Blockchain Club, Hustle Fund, Blockchain Coinvestors and Fortified Ventures.
Introduction to DwellFi
DwellFi is transforming the asset management industry with cutting-edge AI, blockchain and tokenization technologies.Its SOC-2, Type 1 SaaS platform, DwellFi serves a wide range of client bases including private equity/real estate/venture funds, hedge funds and limited partners (LPs), providing advanced analytical capabilities and dynamic NFT generations.Monetize to enhance liquidity and efficiency of asset management.
Other financing rounds
15.UXUY
UXUY raises in Series A financing$7 millionInvestors include Binance Labs Fund, UTXO Management, JDI Ventures, Bixin Ventures, SWC Global, Matrix Partners, Coin Merge Strategy (CMS), Dewhales Capital, Comma3 Ventures, SatoshiLabs, YBB Foundation, Genesis Block Ventures Capital (GBV), Web3Vision, Pentos Ventures, NGC Ventures (NEO Global Capital), Metalpha and GSR Markets LTD.
Introduction to UXUY
UXUY is a cross-chain liquidity aggregation protocol and a next-generation decentralized trading platform based on MPC, which enables seamless exchange of tokens between multiple chains.The platform provides customizable components that can be easily integrated into DApps, allowing developers to focus on building without worrying about integrating different bridges and DEXs.UXUY aims to provide a comprehensive stablecoin liquidity pool and a CEX-like user experience, while supporting mainstream public chains and actively participating in the construction of the “Unclaimed” ecosystem.
16.Zeal
Zeal raised in financing round$2 million, the investor is Gnosis DAO.
Introduction to Zeal
Zeal is a self-hosted crypto wallet designed for seamless management of Web3 assets in EVM networks and applications.Through powerful security features, including security checks and privacy protection, Zeal ensures users are safe by providing transaction previews and preventing blockchain nodes from tracking user information.Users can easily track tokens, DeFi positions and NFTs, integrating these features into a secure and unified platform.
17.Arcium
Arcium (formerly Elusiv) raised in a strategic financing round$5.5 million, investors include Greenfield Capital*, Coinbase Ventures, Heartcore Capital, LongHash Ventures, L2 Iterative Ventures (L2IV), Staking Facilities, Smape Capital, Everstake, as well as individual investors Anatoly Yakovenko, Keone Hon, Tristan Frizza and Austin Federa.
Introduction to Arcium
Arcium is a decentralized confidential computing network that enables developers and applications to securely access high-performance computing capabilities to perform sensitive data tasks.By leveraging distributed architecture and multi-party computing (MPC), Arcium processes encrypted data on multiple nodes without exposing a complete data set, ensuring data integrity and confidentiality.Arcium orchestrates on the Solana blockchain, provides flexible configuration options and seamlessly integrates with existing blockchain technologies to bring privacy and security-dependent industries such as blockchain, healthcare and artificial intelligence.Come to the revolution of data utilization.
18.BitSmiley
BitSmiley raises in public sales financing round$10 million.
Introduction to BitSmiley
BitSmiley is a protocol within the Bitcoin blockchain, with features such as decentralized stablecoins, trustless lending platforms and derivatives protocols based on the Fintegra framework.Its flagship product bitUSD is a BTC-based hyper-staking stablecoin designed to promote value stability and transparency on the Bitcoin blockchain.bitSmiley’s broader ecosystem includes bitLending for peer-to-peer lending, as well as the Credit Default Swap (CDS) section to redefine financial derivatives in the Bitcoin DeFi space.
19.Owlto Finance
Owlto Finance raises in strategic financing round$8 million, investors include Bixin Ventures*, CE Innovation Capital*, Presto Labs, Hailstone Labs, Skyland Ventures, Blocore, SNZ Holding, Kroma, Coinseeker, Stratified Capital, x21 Digital, Maxx Capital Official, Incubate Fund, GSR Markets LTD, ChainCatcher,Coinvestor Ventures, Alpha Capital and Open Market Group (OMG).
Introduction to Owlto Finance
Owlto Finance is a universal cross-Rollup bridge solution that facilitates seamless asset transfers between different blockchains without the need for intermediate assets, ensuring fast, reliable and cost-effective transactions while maintaining the security and integrity of the original assets..Its decentralized Maker system, future upgrade plans and extensive compatibility enhance transparency, security and user experience, making Owlto a DeFi, NFT market, DEX, cross-chain transfers, gaming and meta-universe in the Ethereum ecosystem.versatile and essential tools in the field.
20.NuLink Introduction
NuLink raises in strategic financing round$1.6 million, investors include DWF Ventures*, Poolz Finance*, ViaBTC Capital*, Coinvestor, Alpha Capital, Moonstarter and Aza Ventures.
Introduction to NuLink
NuLink is a decentralized ZK proven data privacy solution designed for DApps, providing APIs that enable developers to easily achieve the best security and privacy practices.By providing endpoint encryption and encrypted access control, NuLink empowers developers, startups and businesses to build applications within the web3 ecosystem that prioritizes user privacy.
21.Telos
Telos raised from Presto Labs in financing round$1 million.
Introduction to Telos
Telos is a decentralized blockchain ecosystem that provides high-performance scalability and privacy capabilities through its Layer 0 network.This ecosystem includes Telos EVM (Ethereum Virtual Machine), one of the fastest EVMs in the world, and Telos Zero, a high-speed native consensus layer that facilitates hardware-accelerated zkEVM Layer 2 on EthereumDevelopment.Telos has a unique governance mechanism and a Delegated Proof-of-Stake consensus algorithm, which enables it to achieve NFT compatibility, smart contract programmability, and efficient transaction speed.
22.CityPay
CityPay received from Tether in financing roundFinancing of undisclosed amounts.
Introduction to CityPay
CityPay is a digital currency payment solution that enables businesses to accept cryptocurrency payments.CityPay provides a variety of payment channels, including network, email and POS terminals, providing businesses with a convenient and customizable platform to receive cryptocurrency payments.
23.Galaxis
Galaxis in financing rounds from Chainlink, Ethereum Name Services (ENS), Rarestone Capital, Taisu Ventures, Kapo Capital and Moonrock CapitalRaised$10 million.
Introduction to Galaxis
Galaxis is a practical NFT platform based in Singapore that provides creators with no code writing toolkits to launch decentralized communities and NFT series.Galaxis focuses on simplicity and user-friendly interfaces, enabling creators to deploy practical NFTs and facilitate secure interaction and value exchange among community members.
24.DeepLink
DeepLink received from Waterdrip Capital in financing roundFinancing of undisclosed amounts.
Introduction to DwellFi
DwellFi is a Web3 cloud gaming platform that uses remote control tools as the entrance and integrates AI, blockchain and streaming media technologies to solve trust problems.Through blockchain technology, it enables players around the world to seamlessly share or rent personal gaming PCs, ensuring accessibility and reliability across locations.
25.Blade of God X
Blade of God X (developed by Void Labs) in financing rounds from Delphi Ventures, OKX Ventures (formerly OKEx Blockdream Ventures), Yield Guild Games (YGG), LongHash Ventures, Newman Capital, BreederDAO, Eden Holdings (ED3N Ventures), KingRiver Capital, Gabby Dizon, 071labs (Zero Seven One Labs) raisedFinancing of undisclosed amounts.
Introduction to Blade of God X
Blade of God X is a dark Nordic-style action role-playing game developed by Void Labs, and is also the official sequel to the Blade of God series, immersing players in a world of mythology and redemption.It provides players with an immersive experience on PC and mobile platforms through cross-platform gaming, intuitive AI training and a community with 6 million loyal fans.
26.Lava Network
Lava Network has been working on the strategic financing round from Animoca Brands, Gate Ventures, Coingecko, Manifold, Crypto Times, Megala Ventures, Sandeep Nailwal, Lark Davis, Ash Crypto, Coin AcademyRaised$11 million.
Introduction to Lava Network
Lava Network is the modular data access layer of blockchain, which seamlessly integrates new chains and data services by introducing specifications as modular primitives.It operates as a dynamic market where data consumers send requests to node operators, providing reliable services with speed, runtime and data accuracy, while ensuring data quality through fraud and fault detection checks.
27.SlingShot DAO
SlingShot DAO raises from Alphabit in financing round$3 million.
Introduction to SlingShot DAO
SlingShot DAO is a community-driven platform where members work together to transform ideas into gaming experiences.It advocates inclusion and rewards individual contributions, aiming to curate and launch the next big game idea in the world.Focusing on a community-first value and action-oriented approach, SlingShot DAO strives to create a new arena in the gaming industry while celebrating diversity and integrity.
28.mint fun
mint fun received from Zora in M&A financing roundFinancing of undisclosed amounts.
Introduction to mint fun
mint fun is a platform developed by the Context team as an NFT casting aggregator that simplifies the process of discovering and participating in NFT casting projects.It ranks ongoing casting projects based on popularity, providing users with a centralized center to explore and engage in a variety of NFT products without having to search on multiple platforms.
29.Hemera
Hemera raised from Lingfeng Innovation Fund (LIF), Nomad Capital, SNZ Holding and Chainlink in the financing round$2.6 million.
Introduction to Hemera
Hemera Protocol is an account-centric decentralized indexing network within Web3, providing public data infrastructure to enhance the capabilities of the data network.It serves a wide range of use cases from blockchain browsers to social graphs, leveraging its modular architecture and high scalability to solve fragmentation problems and promote interoperability of Web3.
30.MetaPhone
MetaPhone raised from JDI Ventures in financing round$1 million.
Introduction to MetaPhone
MetaPhone is a pioneering DePIN project on the TON blockchain, providing a Web3 native smartphone experience to foster a comprehensive TON ecosystem.MetaPhone integrates top hardware, dApp stores and TON wallets to seamlessly connect millions of users, allowing users to easily access popular TON applications while earning rewards in the decentralized marketing network.
Source: Crypto Fundraising, Bitchain Vision
