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Take stock of 17 recent noteworthy projects, raising a total of US$495 million

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Between November 20 and November 26, 17 blockchain startups raised more than $495 million.

Original Title: "Financing Weekly Report: 17 projects raised $495 million, which projects are worth paying attention to?"

Original Source: DeepTechFlow

According to RootData, from November 20th to November 26th, 17 blockchain startups raised over $495 million in funding.

Highlight Projects

Blast

Introduction: Blast is a Layer2 network based on Optimistic Rollup, launched by Pacman, the founder of NFT market Blur. Currently, the Blast early access program has been launched and is only available to invited participants. All participants will receive Blast points as rewards. Users with access can earn profits (4% ETH + 5% stablecoin) and Blast points before the mainnet launch in February 2024. Early access members can earn more points based on the number of bridge connections and invited users.

Investment firm: Blast has completed a $20 million financing round, with participation from Paradigm, Standard Crypto, eGirl Capital, Capital Union's Andrew Kang, Lido strategic advisor Hasu, and The Block CEO Larry Cermak.

Highlights:

1. The community has high expectations for the airdrop of Blast, similar to the airdrop of Blur.

2. In the future, Blast and Blur will have a strong connection. Pacman announced that it has raised an additional $40 million (including financing for Blast) to contribute to the Blur ecosystem. These funds will be used to build L2 applications for NFTs and continue to promote NFTs on Ethereum L1.

3. The TVL volume of Blast may fall between Optimisim/Arbitrum/Lido/Rocket pool.

BP-FLAC

Introduction: BP-FLAC is a Turing-complete ecological network that supports AI's large-scale computing capabilities and intelligent applications. As a pioneering public blockchain in the field of artificial intelligence, its uniqueness includes:

·By optimizing the zk algorithm based on CUDA, the data privacy issue in AI training has been solved.

·Own a large number of high-performance A100 GPU devices and integrate them into the blockchain to ensure the stability of the computing power of the blockchain network.

Introducing the innovative chip RWA standard, providing a standardized and secure framework for chip-based token issuance and exchange.

Financing Institution: BP-FLAC has completed a $10 million financing round, with participation from Eureka Partners, Westlabs, Mybitdata Ltd., DecentraLabs, tech giants Amazon and NVIDIA, as well as Alkhabeer Fund Office.

Highlights:

1. The first generative AI infrastructure public chain in the industry;

2. The plan is to achieve incentive mapping from the testnet to the mainnet in mid-2024, and to reward early contributors when the mainnet is launched.

3. Investment recognition from Amazon and NVIDIA.

MATR1X

MATR1X is a Web3 entertainment platform that combines gaming, esports events, IP, and NFT. The first game on the MATR1X platform is MATR1X FIRE, which is also the first shooting mobile game in the metaverse. It already has over 200,000 shooting game users.

Funding Institution: Matr1x FIRE has completed a $10 million A-2 round of financing, with Folius Ventures and SevenX as joint lead investors, and participation from ABCDE Capital, Jambo, Initiate Capital, and Find Satoshi Lab (the manufacturer of Stepn and the upcoming Gas Hero game), bringing the total funding amount to $20 million.

Highlights:

1. The third set of NFT MATR1X KUKU is about to be released.

2. Known as the mobile version of Web3 CSGO, the team behind it has rich experience in game development.

3. Matr1xFIRE has two tokens: FIRE and MAX, both of which are not listed on CEX. Among them, FIRE is the native token of the game, used for various consumption mechanisms in the game; MAX is the governance token of the Matr1x ecosystem, and holders can participate in the Matr1x ecosystem.

Saga

Introduction: Saga is an L1 suite that provides developers with an automated deployment application chain. Its aim is to become a scalable layer of web3 infrastructure, making launching new chains as simple as deploying smart contracts. Saga has become part of the infrastructure that enables Polygon's "supernets" and Avalanche's "subnets". The project's goal is to become a universal infrastructure platform that can serve a variety of decentralized applications.

Investment Institution: Layer1 project Saga has completed a $5 million seed round of financing, with Placeholder leading the investment.

Highlights:

1. Saga's simplified deployment pipeline allows developers to launch a complete Cosmos blockchain in just two minutes;

2. The Saga project will first provide airdrops to developers participating in the test network, and then to community members. The requirements for the airdrop will be quite high.

3. Saga also plans to launch customizable parallel chainlets to support each application.