The 18th week of 2023 financing selection, Berachain received 42 million US dollars in investment
According to BlockBeats statistics, the total number of financing last week was 27, and the number has increased. The total amount is about 504.45 million US dollars, and the average financing amount is 18.6833 million US dollars. Among them, other types of financing occupy the main body, asset management payment and infrastructure financing are relatively more, metaverse/Gamefi and DeFi financing are in the middle, and NFT field and social/creator economy are less. The picture below shows the financing ratio of each sector last week:
Metaverse/GameFi
A total of 4 financings in the Metaverse/GameFi field, with a total amount of 37.5 million US dollars, accounting for last week’s total financing 7.43%.
XRSPACE
Reason for attention: A Metaverse company with $100 million in financing and its own supporting hardware.
On April 21, XRSPACE, a Taiwan metaverse company, announced the completion of a new round of financing of US$25 million, led by Foxconn. In March 2022, XRSPACE said it would secure $100 million in three financing deals, the first of which. The company's existing music Metaverse social application "PartyOn", Metaverse social application "GOXR" for events, and VR all-in-one machine "XRSPACE MANOVA" with Metaverse applications.
PartyOn is a virtual music event platform, users can easily create or enter other people's 3D space , and karaoke with other users. In PartyOn, users can freely customize their own avatars, and can heat up the atmosphere of the karaoke room through real-time voice chat and interactive gifts. As a music metaverse application, PartyOn optimizes the sound transmission, not only beautifies the singing voice, but also achieves low-latency synchronization below 50/ms.
GOXR is also easy to create or enter other people's 3D space, but more focused on various types Hosting of online events. Users can visit spaces created by many brands and individuals. Themes include art, culture, and diverse content categories. In addition to visiting in the app, you can also socialize with other people in real time, or participate in activities, complete interesting tasks and get rewards, and even build your own community.
XRSPACE MANOVA is a VR all-in-one machine launched by XRSPACE. This device does not need additional controllers and supports 5G, 4G and Wi-Fi networks.
Super Duper Secret
Reason for attention: "Battle Royale" type chess game.
On April 21, the blockchain game development company Super Duper Secret announced the completion of a seed round of financing of over US$1 million, Round 13 Digital Asset Fund, Merit Circle, Polygon, Solana, Overwolf, Big Brain Holdings, LD Capital, Sebastian Borget, Gabi Dijon and Christian Mane participated in the round.
Super Duper Secret is developing the "Battle Royale" genre chess game "Royale Chess". In Royale Chess, players need to play against 9 other players at the same time. After dropping a piece on one board, the player will enter another board until the winner is determined. The duration of each game is about 10 minutes. Players can also "ask" AI for a move in each game. Super Duper Secret believes that the introduction of AI will be more friendly to novices and help players expand their thinking.
Super Duper Secret CEO Jazlyn O'Reilly said that Super Duper Secret is first and foremost a game company, So I tend to downplay the Web3 color (and avoid using the "Web3 game company" label as much as possible). By generating escrow wallets for players in the background, the Web3 element in Royale Chess is virtually invisible to players unless they actively choose to take ownership of in-game assets on the blockchain. Game assets mainly include chess pieces, skins of the chessboard, etc., which will not affect the outcome of the game.
Playbux
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Reason for attention: Shop to Earn metaverse platform led by Binance Labs.
On April 21, Playbux, a blockchain-based e-commerce platform, completed a $2 million seed round of financing led by Binance Labs , Gate.io, Tron, CertiK, Ankr, IMO Ventures, LIF, Math Wallet and OFR participated. Playbux was shortlisted for Binance Labs Season 4 Incubation Program. Playbux aims to be an accessible metaverse platform with Shop & Earn system, allowing users to shop and earn cashback at more than 20,000 merchants worldwide. According to the official disclosure, there will be more new ways to play in the future.
Currently, Playbux is about to start the first round of airdrops to collect decoration sets for its own Playbux NFT (Decoration can be obtained by playing the claw machine in the Game Center on the official website, buying a mystery box or shopping), a full set or rare can make the score of Playbux NFT higher. The event will last for 60 days, and 30,000 $PBUX will be issued to users who retweet and "stamp (on-chain signature)" every day. A total of 1.8 million $PBUX will be issued in this round of activity.
Remaining financing in the Metaverse/GameFi field includes:
On April 21, MetaGravity, a Metaverse infrastructure provider, completed a $9.5 million seed round of financing. LLC, Market One Capital, etc. participated in the investment, and the funds from this round of financing will be used to expand its engineering and product teams to develop the infrastructure layer required to support future large-scale virtual universe experiences.
NFT/Digital Fashion
A total of 1 financing in the field of NFT/Digital Fashion , with a total amount of more than 3 million US dollars, accounting for 0.59% of the total financing last week.
Flow
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Reason for attention: AI + Rollup's NFT aggregator.
On April 21, Flow, the NFT ecosystem centered on Rollup, completed a $3 million seed round of financing led by Nima Capital and Shima Capital and others participated in the investment. This round of financing will be used to build an NFT ecosystem centered on Rollup. Flow, developed by a team led by ex-Googlers and ex-Binance Labs incubators, will soon integrate AI into its platform. Flow is currently available on the Goerli testnet and is in beta on the Ethereum mainnet. Token $FLUR is expected to be released on April 30, and 95% of $FLUR will be allocated to users with purchases greater than $1,000 on Blur, excluding rankings Top 500 giant whales.
Flow plans to aggregate all NFT markets to achieve a "bid once, buy anywhere" experience. In addition to approving Token, there will be no additional transactions when using Flow, and provide users with a faster response through the shard execution engine. Additionally, Flow will offer automatic pending order matching, multi-NFT series bidding, feature-based bidding, and bulk signatures for up to 16 million orders. Due to the use of Flashbots to relay transactions, failed transactions generated on Flow will not result in Gas losses.
DeFi
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A total of 4 financings in the DeFi field, with a total amount of 33 million US dollars, accounting for 6.54% of the total financing last week.
Fractal
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Reason for attention: 6 million seed round, institutional chain finance.
On April 18, Fractal, an institutional on-chain financial start-up, announced the completion of a $6 million seed round of financing led by Hack VC Cast, 6th Man Ventures (6MV), Archetype Ventures, Avalanche Ecosystem Fund Blizzard, Circle Ventures, CMT Digital, CoinShares, GoldenTree Asset Management, QCP Capital, Spartan Group, and angel investors Akshai Rajendran, Anand Gomes, Josh Frank, Shiliang Tang and Sid Powell et al.
Fractal enables institutions to clear, settle and manage collateral for digital assets on-chain, enabling transparent proof-of-reserve, third-party collateral management and instant on-chain On Clearing, clients will be able to monitor their positions with counterparties in real-time to reduce counterparty risk.
Fractal is an institutional grade platform - all borrowers are KYC/KYB. Fractal improves capital efficiency for institutions currently deployed on-chain, while also providing a way for institutions that cannot directly interact with DeFi to do so through on-chain bilateral agreements. Doing so unlocks capital efficiencies and increases transparency while maintaining institutional-grade compliance.
Fractal is building a web3 infrastructure that allows all financial assets on the chain to interact with each other through a common margin account and staking — starting with existing crypto assets and expanding to real-world assets. Fractal's goal is to make on-chain finance as capital-efficient as CeFi.
Swaap
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Reason for attention: Market Neutral is an automatic market maker, which brings benefits while reducing transaction costs
On April 19, the market maker agreement Swaap completed a $4.5 million seed round of financing, led by Signature Ventures, New Form Capital, C²Ventures, Kima Ventures, Pareto Ventures, Entrepreneur First, and Julien Bouteloup (Stake Capital), Angel investors including Pascal Gauthier (CEO of Ledger), Richard Ma, Meltem Demirors (CSO of Coinshares), Frederic Montagnon (co-founder of Arianee) and Thibaud Elzire (CEO of eFounders) participated in the round.
Swaap aims to build a next-generation market-making protocol that utilizes a combination of oracles and dynamic spreads to achieve sustainable returns and reduce transaction costs . Swaap greatly reduces arbitrage trading, a phenomenon in which external participants extract value from the pool by exploiting price differences within the market, with the value retained from the arbitrageur being distributed to traders and LPs.
Liquidity providers gain access to profitable and sustainable market making strategies. The protocol reduces impermanent losses and provides a multi-asset pool, traders enjoy lower transaction fees, and the protocol does not need to charge traders high fees to compensate LPs for impermanent losses. Its unique approach aims to provide LPs with a passive and profitable market-making strategy, solving the critical problem of short-lived losses prevalent in DeFi.
Remaining financing in the DeFi field includes:
On April 17, DeFi startup VycoLend announced the completion of a $500,000 seed round of financing, led by Aura Ventures, Lumina Capital, Cardinia Ventures, Web3 and Web2 A group of angel investors participated in the investment. The new funding will be used to accelerate product development, expand the team and scale operations. Decentralized non-custodial lending protocol VycoLend, built for Layer 2 networks, aims to create a high-speed marketplace for more traditional crypto asset lending services, where users can participate in independent lending pools as lenders or borrowers.
On April 21, iZUMi Finance, a one-stop liquidity-as-a-service DeFi protocol, announced the completion of a US$22 million financing. Regarding the fundraising method, iZUMi Finance issued the "iZUMi zk-Fund" through Solv V3, the latest paradigm agreement of its strategic partner Solv Protocol Fund series products (SFT, semi-homogeneous token) have been supported by funds and individual investors including Unicode Digital, NextGen Digital Venture, Bella Protocol, Incuba Alpha, etc., and raised a total of 22 million US dollars worth of ETH, stETH, USDC, USDT and other mainstream digital currency assets. iZUMi Finance will use this round of financing to support the early liquidity of iZiSwap Pro on the zkSync Era network. iZiSwap Pro is an order book DEX product on the iZUMi Finance chain. It adopts iZUMi's innovative discrete liquidity AMM (DL-AMM) model, which is completely based on the chain and achieves 100% decentralization.
Infrastructure
A total of 5 financings in the field of infrastructure, with a total amount of more than 75.1 million US dollars, accounting for last week's total financing 14.89%.
Berachain
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Reason for attention: Proof of Liquity, which can provide high liquidity without relying on incentives, and will launch three tokens in the future
On April 20th, Layer1 public chain Berachain completed $42 million in financing, Polychain Capital led the round, OKX Ventures, Hack VC, Dao5, Tribe Capital, Shima Capital, Robot Ventures, Goldentree Asset Management, former partner of Dragonfly Capital, Celestia founder Mustafa Al-Bassam, Tendermint co-founder Zaki Manian, and 20 others The founder of the DeFi project participated in the investment.
It is reported that Berachain is an EVM-compatible Layer 1 blockchain built based on the Cosmos SDK and protected by the Proof of Liquidity consensus mechanism. The Berachain token economy introduces the Bera network of the three-token system for the first time, with the network gas token BERA, the ecological algorithm stable currency HONEY and the non-transferable Bera governance token BGT. The current Berachain project Discord community has more than 50,000 members, and more than 100 teams are building new and existing protocols on the recently released local version of the development network (Devnet). The Berachain ecosystem already has over $250 million in committed total value locked and will launch a public incentivized testnet in the coming weeks.
The public chain originated from the NFT project, which shows that the Berachain team has been working for the project. DeFi and the entire blockchain field solve some of the most important problems, allowing assets to be extracted from each EVM and Cosmos chain to build the deepest and most capital efficient capital pools in existence, providing users with CEX-like capital depth and speed, as well as the transparency and customizability of CEX on the chain ecology.
The main members of the team have experienced multiple bull-bear transitions and have a deep understanding of concepts such as DeFi. The development direction is clear, and it may occupy a place in the public chain field in the future.
Tableland
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Reason for attention: strong investment background, innovative database
4 月20 日，去Centralized database company Tableland completed $8 million in financing, led by CoinFund, with participation from Multicoin Capital, Blueyard, and A Capital. The funds raised will help support Tableland's mainnet launch and release of new developer tools.
Web3 developers must store simpler static data in decentralized storage networks or in Choose between rich dynamic data in centralized databases. There is a solution to this dilemma: provide a battle-tested database on web3-native rails.
Tableland provides just such an innovative database that enables developers more than ever Easily build and deploy data-driven applications in web3. Tableland is a permissionless database based on the SQLite engine, allowing developers to leverage relational data and SQL. The familiarity of SQL makes it perfect for interacting with web3 data, simplifying the process and freeing developers to focus on building data-driven applications.
Tableland is already integrated with several blockchains including Ethereum, Polygon, Arbitrum and Optimism, Filecoin FVM integration is coming. A growing number of projects are using Tableland to build their data-driven applications, demonstrating the effectiveness of our solution across various blockchain ecosystems.
Shield
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Reason for attention: Strong background in financing and team members, Web3 security company
4 month On the 21st, Web3 security company Shield announced the completion of a $2.1 million Pre-Seed round of financing. This round of financing was participated by institutions such as Kraken Ventures, Eterna Capital, Alchemy, Moonpay, and some angel investors.
Other pre-seed investors include Bessemer Ventures DAO (Steel DAO), Orange DAO ( 1400+ YCombinator alumni), NGC, Wagmi Ventures, MH Ventures, Coinswitch, 2Punks Capital, Lecca Ventures and Very Serious Ventures. Also participating in the round were angel investors Rob Behnke (CEO of leading crypto security auditing firm Halborn), Peter Liebert (former CISO in California), Vijay Maharajan (founder of Bitscrunch, preventing crypto wash trading) and Coinbase from Coinbase. angel investors, Google, Microsoft and FireEye (merged with McAfee).
Shield is designed to help organizations adopt comprehensive security measures to prevent encryption exploits and increase user trust in the entire ecosystem. Shield's threat detection software can be integrated directly into any platform via an API, or integrated into Discord as a security bot for online communities. Shield's web3 security API provides cryptographic fraud detection models to help web3 platforms protect their users from malicious actors and protocols. This is provided through a single REST API, providing an easily accessible data that can proactively alert to potential fraud.
Shield is a team of Princeton and MIT alumni - Emmanuel Udotong, Luis Carchi and Isaiah Udotong - They quit their jobs at Facebook and McKinsey to find new opportunities in the crypto space. They are also Y Combinator alumni with experience building tech companies.
Shield's vision is simple: protect millions of organizations and consumers from encrypted attacks. They are building a blockchain-native endpoint security stack focused on building the best team and technology to deal with future emerging threats, Norton Antivirus for Encryption. Fighting cybercrime is a game of whack-a-mole: Once one problem is solved, bad actors find another.
P2P.org
Reason for attention: Jump Crypto leading investment, Staking service provider, 23 million financing
April 20 day , Staking service provider P2P.org completed $23 million in financing, with Jump Crypto, encryption trading platform Bybit and digital asset bank Sygnum participating. P2P Validator is also a genesis seed investor for Ethereum, Cosmos, Polkadot, Solana and a venture incubator for Lido.fi, Neutron.org and Key.app (P2P Capital).
P2P Validator is a secure non-custodial staking and institutional proof-of-stake infrastructure provider with Slash insurance, trusted by crypto banks, exchanges, funds and institutional service providers. Since 2018 (in blockchain since 2013), it has extensive experience running white label nodes, Validator-as-a-service, RPC nodes.
P2P Validator was founded in 2018 after the same team of chaincode developers and crypto enthusiasts Delivered some very successful projects. From testnet to mainnet, their mission is to increase the value of blockchain assets and enable people to follow the list of validators to enter emerging economies.
P2P.org is developing a new infrastructure platform for intermediaries, rather than its existing service focused on direct holders, the company said it would leverage This funding develops blockchain infrastructure to enhance user experience in staking as well as research and develop expansion plans.
Digital asset management/payment
A total of 4 financings in the field of digital asset management/payment, with a total amount of more than 78.45 million US dollars, accounting for last week’s financing 15.55% of the total amount.
Unchained
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On April 18, Bitcoin financial service provider Unchained announced the completion of a $60 million Series B round of financing, led by Valor Equity Partners, with participation from NYDIG, Trammell Venture Partners, Ecliptic Capital and Highland Capital Partners. It is reported that Unchained Capital will utilize the native multi-signature function of the Bitcoin network to provide customers with shared control over Bitcoin between private keys held by themselves and private keys held by Unchained or other financial services companies.
Unchained Capital provides an alternative to centralized exchanges or single key solutions Storing cryptocurrencies a safer way to hold fees. The escrow model leverages the native multi-signature capabilities of the Bitcoin network, as customers share control of their Bitcoins between private keys held by themselves and those held by Unchained or other financial services firms. Multi-signature solutions eliminate single points of failure and reduce counterparty risk by sharing among multiple parties. Simply put, compare the multi-signature process to a safe with two keys, one held by the customer and the other by the bank.
Single point of failure is a recurring theme during the crypto crash of 2022: From BlockFi, Celsius and more To Three Arrows Capital, a series of centralized solutions collapsed, tying up users’ funds along the way, and multisig essentially reduced a single point of control over crypto assets.
Coinflow Labs
On April 19, Coinflow Labs, a provider of Web3 payment infrastructure solutions, completed a financing of US$1.45 million. This round of financing was led by Jump Crypto and Reciprocal Ventures, CMT Digital, Digital Currency Group, Gumi Cryptos, Builder Capital , Prompt Ventures, Blocktech Ventures and others participated in the investment. Coinflow Labs provides users with a Web3 payment stack designed to provide Web3 companies with a solution for accepting traditional payment methods such as credit cards. Currently Coinflow's products support Solana, NEAR, Polygon, and Ethereum.
Accredify
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On April 20, Accredify, a Singapore-based blockchain verification solution company, completed a $7 million Series A round of financing, co-led by iGlobe Partners and SIG Venture Capital, with participation from Pavilion Capital and Qualgro. Accredify verifies by creating identities for users on the blockchain (mainly Ethereum), the platform creates a smart wallet or file storage, and manages the private and public keys for the client, and finally extracts through the dashboard or API integration data.
Remaining financing in the field of digital asset management/payment includes:
On April 19, Universal Ledger, a "wallet-as-a-service" provider, completed a financing of US$10 million. This round of financing was led by Hard Yaka , other specific financing information has not been disclosed yet. Universal Ledger aims to help users build their own encrypted wallets, and its target customers are large financial institutions and official institutions.
Others Financing
A total of 9 other financings, with a total amount of 277.4 million US dollars, accounting for last week's total financing 54.99%. Including:
On April 11, CAT Labs, a crypto asset forensics and cybersecurity firm, completed a $4.3 million USD financing, with participation from Castle Island Ventures, Brevan Howard Digital, CMT Digital, RW3 Ventures and Newark Venture Partners. It is reported that Lilita Infante, founder of CAT Labs, served as a special agent for the U.S. Department of Justice for 10 years and created the first-ever federal task force focused on cryptocurrencies.
On April 11, crypto fraud prevention solution Fire announced the closing of a new $3.5 million A round of financing, this round of financing was led by Atomic. Launched as a browser extension last October, Fire now has more than 50,000 users, 50 percent of whom are monthly active users as of April. The browser extension currently supports wallets based on Ethereum, Polygon, Optimism, and Arbitrum.
On April 14, Distyl AI announced the completion of a $7 million seed round of financing led by Coatue and Dell Technologies Capital, with participation from Nat Friedman, former CEO of GitHub, and Brad Gerstner, founder and CEO of Altimeter. cast. Additionally, Distyl AI has formed an alliance with OpenAI, a leading research institution in the field. Distyl AI was founded by Arjun Prakash and Derek Ho, who previously worked at data mining company Palantir. They say their goal is to integrate AI into core business processes at enterprise-level companies, such as marketing, sales, customer service and product development.
On April 14, Natix Network, a decentralized geographic mapping network, completed a $3.5 million seed round of financing, led by Blockchange Ventures, XYO, Mysterium Network, CVVC, Mulana Capital, Blockarm Capital, and existing investors Techstars, Plug and Play Ventures and CoinIX Capital participated. Natix Network is a blockchain-based decentralized geographic mapping network that uses Natix's artificial intelligence technology to map the world in real time without collecting any private data.
On April 13, Taylor & Individual investors on the Seedrs platform participated in the investment. It is reported that Taylor & Hart uses blockchain technology to allow customers to track every step of the diamond journey, and it will use the funds to develop its technology to ensure the authenticity of its gemstones.
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