According to BlockBeats statistics, there were a total of 17 financing deals last week, an increase in quantity compared to previous weeks. The total amount raised was approximately 127.89 million US dollars, with an average financing amount of 7.52 million US dollars. The infrastructure sector accounted for the majority of the deals, followed by the Metaverse/GameFi sector. There was an increase in financing deals in the digital asset management/payment sector, while other sectors such as social/creator economy and DeFi had fewer deals. There were no financing deals in the NFT/digital fashion and Web3.0+AI sectors. The following chart shows the financing distribution across different sectors last week:

Metaverse/GameFi

In the field of Metaverse/GameFi, a total of 3 financings were completed with a total amount of 28.4 million US dollars, accounting for 22.21% of the total financing amount last week.

Neon Machine

On October 25th, according to Decrypt, game development studio Neon Machine completed a $20 million Series A financing round. The round was led by Polychain, with participation from Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures, and Tess Ventures.

It is reported that the funds raised in this round of financing will be used to further develop its shooting game "Shrapnel" at "critical moments". Shrapnel is an AAA-level FPS game, which is supported by blockchain technology for skill-based competition, creative modeling tools, and true digital ownership. As a competitive multiplayer first-person shooting game, Shrapnel values the potential of user-generated content (UGC) and bundles a rich set of player creation tools, combining combat, creation, management, and connection into a community where players own the platform and decide its future. Similar to the "Call of Duty" series, it is made using Unreal Engine 5.

Shrapnel will offer a large amount of game content (such as weapon parts, weapons, and cosmetics) in the form of NFTs on Shrapnel's Avalanche subnet, a private encrypted network built on Avalanche. Marc Mercuri, the head of Shrapnel's blockchain, explained that every part of each gun in the game, as well as every item that characters can wear, will be an NFT, including but not limited to symbols, badges, skins, maps, and vanity items. Players can choose to sell, auction, or retain ownership of their creations. The game is expected to launch in December, initially targeting paying users, and eventually developing into a free game, with plans to be fully released in 2024. The Shrapnel team currently has 70 employees.

Moonveil Entertainment

On October 27th, according to official sources, Web3 game studio Moonveil Entertainment has completed a $5.4 million seed round of financing, with Gumi Cryptos Capital and Arcane Group leading the investment, and multiple Web3 funds and game industry funds such as Longhash, IOSG, and Infinity Venture Crypto participating.

It is reported that the team members of Moonveil Entertainment are composed of core management and production teams from well-known game companies such as Riot Games, Tencent, and NetEase, as well as senior Web3 developers. The projects currently being developed by Moonveil Entertainment include Astrark and Project B.

The player experience is the core and soul of all work at Moonveil Entertainment. Moonveil Entertainment firmly believes that creating an exceptional gaming experience is a collaborative effort that relies on the collective input of all players who aim to please. Moonveil Entertainment's mission is to establish an open ecosystem that allows players to deeply engage with our games while providing them with the ongoing rewards and recognition they deserve.

Other financing in the Metaverse/GameFi field includes:

On October 24th, the metaverse platform HYTOPIA (formerly NFT Worlds) announced the completion of a $3 million financing round, led by Delphi Ventures with participation from several VCs and angel investors. It is reported that HYTOPIA integrates social functions and provides developers with a game creation toolkit inspired by Minecraft, with flexible monetization capabilities.

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DeFi

In the DeFi field, a total of 1 financing transaction was completed with a total amount exceeding 500,000 US dollars, accounting for 0.39% of the total financing amount last week.

PRINT3R

On October 25th, PRINT3R, a cryptocurrency derivatives platform, announced the completion of a $500,000 Pre-Seed round of financing. The round was led by MH Ventures, with participation from 300DAO, OnChain Wizard, Primapes, Homeless DAO, and 2Shares. According to information on its official website, the funds raised will be mainly used to promote its marketing efforts and strengthen its team building. In addition, PRINT3R aims to develop a seamless protocol similar to centralized platforms and actively market to spread its product ecosystem.

The lead investor, MH Ventures, pointed out: "As the main investor of PRINT3R, we support not only the product, but also the vision. We see that decentralized derivatives in the future are not just a trading tool, but also a future with an attractive trading experience. PRINT3R's gamified innovative approach and user-centered design are setting new standards. We are excited to be part of this journey and can't wait to see the impact they will have on the cryptocurrency field."

It is reported that PRINT3R is built on the Base network and mainly provides gamified decentralized derivative trading and DEX services. At the same time, PRINT3R is not just another derivative platform, it is also a gamified decentralized derivative world, focusing on user convenience and loyalty. PRINT3R offers up to 50x leverage trading for a range of liquid crypto assets, without the hassle of KYC or registration.

Social/Creative Economy

In the DeFi field, a total of 1 financing transaction was completed with a total amount exceeding 1.2 million US dollars, accounting for 0.94% of the total financing amount last week.

Access Protocol

On October 27th, Access Protocol, a Solana-based protocol for content monetization, announced the completion of a $1.2 million seed round of financing, with participation from Sora Ventures, DV Ventures, CMS Holdings, Double Peak Group, and angel investors.

Utilize these funds to continue building Sketch and Scribe products, which have already gained tremendous attraction in the early stages. Additionally, Access Labs will focus on the release of Access v2, which is set to be released in late Q4 2024 or early Q1 2025. Access Labs has also announced the beta release of its publishing platform, Access Scribe, which is a powerful alternative to Substack or Mirror with built-in web3 monetization features.

So far, there are over 220,000 independent subscribers for various content products on Access Protocol. Access Labs plans to grow this number to over 1 million unique identities through efforts in product, protocol, and creator development. The founder of Access Protocol emphasizes that they are in the early stages of building a web3-driven monetization ecosystem for creators of various forms and sizes.

Infrastructure

There were a total of 7 financing deals in the infrastructure sector, with a total amount of over 67.9 million US dollars, accounting for 53.09% of the total financing amount last week.

Nocturne Labs

On October 25th, according to The Block, the cryptocurrency startup Nocturne Labs completed a $6 million seed round of financing. This round of financing was jointly led by Bain Capital Crypto and Polychain Capital, with participation from Ethereum co-founder Vitalik Buterin, Bankless Ventures, Hack VC, Robot Ventures, and others.

Nocturne is a highly composable protocol for private accounts on Ethereum. Using a combination of account abstraction and zero-knowledge proofs, Nocturne builds a layer of private accounts that allows users to send, receive, and transact their funds without exposing their addresses. It is designed as a general system that can easily build end-user products on top of it. Given this flexibility, Nocturne can meet the needs of both privacy maximalists and traditional users.

Nocturne was established in the United States last year and is building a protocol that allows users to conduct anonymous transactions within the Ethereum ecosystem. It is expected to be released on the Ethereum mainnet next month. The private vault will be the first product built on the Nocturne protocol, and future products will include a private payment backend and a privacy-protecting smart contract wallet.

smlXL

On October 24th, cryptocurrency startup smlXL announced the completion of a $13.4 million seed round of financing, with participation from a16z crypto, Greylock, and others.

smlXL uses proprietary technology to rigorously analyze EVM bytecode and contracts using the determinism and transparency of blockchain. It can combine static and dynamic analysis, symbolic execution, detection, and simulation functions specifically designed for blockchain to provide developers with a complete and rich understanding of accounts, contracts, and their complex relationships.

smlXL currently offers two products, evm.codes and evm.storage. The former is an interactive guide to EVM opcodes that was launched last year and has become a preferred resource for every EVM developer. The latter allows developers to decode and track every Solidity contract in real-time, and is an attempt by the team to explore making the EVM and its data more transparent from a storage perspective.

smlXL team stated that its mission is to make blockchain more transparent, useful, and accessible. The new funds will be used to establish a 16-person team and develop products, including EVM.code and evm.storage. smlXL will continue to expand evm.storage and launch new products with unique features based on iEVM, streaming data platform, and program analysis tools.

Blockaid

Triple-A

Triple-A was founded by Eric Barbier, an entrepreneur focused on financial technology, in 2018. It provides payment services based on stablecoins and blockchain, supporting major tokens such as USDT, USDC, Bitcoin, and Ethereum. In 2021, Triple-A was awarded a payment institution license by the Monetary Authority of Singapore.

Atani

数字资产管理/支付其余融资包括：

Translation:

Digital asset management/payment and other financing including:

On October 26th, OTC secondary market platform STIX completed a $2.7 million financing round, led by Psalion VC, with follow-on investments from Big Brain Holdings, Eterna Capital, Fisher8 Capital, Humla Ventures, 0xkb, and TLF Ventures. It is reported that STIX is able to achieve data-driven price discovery and enhance liquidity in the secondary market, allowing sellers to easily access liquidity in private, and also plans to release a suite of proprietary risk management and investment portfolio analysis tools.

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On October 24th, PADS Financial, a blockchain-based online mortgage loan platform headquartered in Montreal, Canada, announced the completion of a CAD 3 million (approximately USD 2.19 million) Pre-Seed round of financing. The specific investment information has not been disclosed. PADS Financial provides digital property mortgage loan services and uses blockchain technology to track application and approval status, as well as loan fund management. It can also use tokenization to help users sell or liquidate their mortgages. It is reported that the new financing will be used to build AI and blockchain products.

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On October 25th, Web3 healthcare information platform Rymedi completed a $9 million Series A financing round. The round was jointly led by RW3 Ventures and White Star Capital, with participation from Blockchange Ventures, Avalanche's Blizzard Fund, and several angel investors. Rymedi simplifies the transmission of medical records and data through blockchain technology, and this round of financing is planned to enhance data security and accessibility of medical records.

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