According to BlockBeats statistics, there were a total of 16 financing deals last week, an increase in quantity compared to previous weeks. The total amount raised was approximately 266.68 million US dollars, with an average financing amount of 16.6675 million US dollars. The majority of the financing deals were in the digital asset management/payment sector, with a relatively high number in the infrastructure and DeFi sectors. There was an increase in financing deals in the NFT/digital fashion and social/creator economy sectors, while the Metaverse/GameFi and Web3.0+AI sectors had fewer financing deals. There were no financing deals in other sectors. The following chart shows the financing distribution across different sectors last week:

Metaverse/GameFi

There were a total of 1 financing in the Metaverse/GameFi field, with a total amount of 2.5 million US dollars, accounting for 0.94% of the total financing amount last week.

Endless Clouds

On December 5th, Treeverse, the developer of blockchain game, raised $2.5 million in funding. The round was led by Animoca Brands, Sky Mavis, YGG, Faze Clan, Immutable, Pudgy Penguins, Pixelmon, Pixels Online, Pixel Vault, and a group of angel investors.

The new funds will be used for Endless Clouds to continue developing Treeverse and Capsule Heroes, mobile MMORPG games based on Ethereum, as well as game IP-related content. Treeverse is a metaverse MMORPG game that includes gameplay such as teaming up with players, battling monsters, collecting resources, crafting monster fragments to upgrade equipment, collecting blueprints, and allowing users to deploy NFTs in an open and interactive world. It is worth noting that the floor price of the Treeverse series NFTs has seen a significant increase in the past month. Capsule Heroes is a 3v3 PvP fighting game where players can choose from a variety of unique skins and enter the battlefield. They can then team up with friends and participate in a series of game modes, including capture, team battles, and survival competitions.

Timeless was originally planned as a collection of 11,111 anime characters, consisting of different species, each with unique features. All Treeverse and Nftree holders were assigned a Timeless, with each block costing 0.222. Each character will have a corresponding 3D character in Treeverse. According to the team, Timeless will soon launch a monster-catching MMORPG blockchain game called Spellborne.

Related reading: "Endless Clouds: What potential games is Animoca, the leading developer of blockchain games, working on?"

NFT/Digital Fashion

There were a total of 1 financing in the NFT/digital fashion field, with a total amount of over 11.88 million US dollars, accounting for 4.45% of the total financing amount last week.

Mocaverse

On December 8th, according to official sources, Animoca Brands' NFT series Mocaverse announced the completion of a new round of financing of $11,888,888. Block1, OKX Ventures, Foresight Ventures, Polygon Ventures, Dapper Labs and others participated in this round of financing.

As a company that started with games, Mocaverse showcases Animoca Brands' strong gaming DNA on its official website interface. In January 2023, Animoca Brands opened registration for Mocalist and received over 1000 eligible registrants within half an hour. After the registration was opened, Mocaverse NFT holders can enjoy some exclusive benefits and perks from Animoca Brands, such as exclusive participation in company events, masterclasses, and seminars. At the same time, holders can also have priority access to information on new project launches and exclusive access to Animoca Brands' Web3 platform. In addition, NFT holders will also receive Moca XP Tokens, which they can stake and use within the community to earn rewards or participate in activities. On June 15th, Mocaverse partnered with the open-source cross-chain NFT protocol Rarible to launch the customized NFT marketplace "Mocaverse Marketplace," where verified Mocaverse NFTs can be traded.

As of now, the total financing amount of Mocaverse has reached 31.88 million US dollars (the previous round was 20 million US dollars). In these two rounds of financing, Animoca Brands raised funds by issuing new common shares at a price of 4.50 Australian dollars per share. The new funds will be used to promote Mocaverse's establishment of digital identity and scoring systems for Web3 games, culture, and entertainment.

Related reading: "Can Mocaverse become the entrance to Animoca Brands' metaverse with a counter-trend financing of $20 million?"

DeFi

In the DeFi field, a total of 2 financings were completed with a total amount of over 21.6 million US dollars, accounting for 8.1% of the total financing amount last week.

Babylon

On December 7th, the Bitcoin collateral protocol Babylon completed a $18 million financing round, led by Polychain Capital and Hack VC, with participation from Framework Ventures, ABCDE Capital, IOSG Ventures, Polygon Ventures, and OKX Ventures. Babylon is set to enter the testnet in January 2024. Ideally, the protocol hopes to launch its mainnet in April, when Bitcoin's "halving" occurs and miners' Bitcoin rewards are cut in half. Babylon founder David Tse pointed out that the deployment of the mainnet largely depends on the security audit results of the Babylon testnet.

Babylon originated from a blockchain laboratory at Stanford University. It has introduced a novel way of using Bitcoin as an economic security token for staking, which is used for proof-of-stake consensus mechanism in blockchain. Typically, proof-of-stake chains use their native tokens for staking, such as Ethereum network using ETH for security, which may compromise the security of chains where the native token is not popular. Babylon's Bitcoin staking protocol uses remote staking method and overcomes the shortcomings of smart contracts through cryptography, consensus protocol innovation, and optimization of using Bitcoin script language.

Babylon's staking protocol allows Bitcoin holders to stake Bitcoin in a trusted manner without the need to bridge to a PoS chain, providing complete reducible security guarantees for the chain, eliminating the need to bridge, wrap, and custody already staked Bitcoin. A key aspect of Babylon is its BTC timestamp protocol. It timestamps events from other blockchains onto Bitcoin, allowing these events to enjoy Bitcoin's timestamp like Bitcoin transactions. This effectively borrows Bitcoin's security as a timestamp server. The protocol is designed as a modular plugin that can be used on a variety of different PoS consensus algorithms and provides the foundation for building reset protocols.

Related reading: "ABCDE: Why we invest in Babylon?"

Curvance

On December 5th, DeFi platform Curvance announced the completion of a $3.6 million seed round of financing. The round was participated by Offchain Labs, the developer of Arbitrum, Wormhole, and angel investors including Sandeep Nailwal, co-founder of Polygon. Curvance plans to use the funds to expand operations, support security audits, and recruit top talent in the DeFi market.

Curvance is a decentralized stablecoin lending protocol that initially focuses on LPs from the Curve, Convex, Yearn, and Frax ecosystems. It allows users to borrow stablecoin assets by locking in wrapped tokens as collateral. Users can earn interest while unlocking liquidity through P2P lending. For example, assets such as cvxCRV, bveCVX, and yCRV can earn similar or higher annual interest rates compared to their original platforms. The borrowing rate is based on several factors, including pool APR, price fluctuations, token liquidity, and loan-to-value ratio.

Users deposit a wrapped token into Curvance as collateral for stablecoin lending. Curvance routes the collateral back to the original contract pool, allowing users to earn interest on their tokens while also "locking" their deposit as collateral to obtain a credit line. The innovation of Curvance is that in addition to stablecoin lending and basic returns, users will also receive CVE token rewards. CVE is the governance token of Curvance, and users can also lock CVE to earn additional returns.

Related reading: "Curvance: Decentralized stablecoin lending protocol unlocking deeper DeFi market".

Social/Creator Economy

There were a total of 1 financing in the social/creator economy sector, with a total amount exceeding 6.9 million US dollars, accounting for 2.59% of the total financing amount last week.

Sona

On December 7th, according to TechCrunch, Web3 streaming protocol Sona has completed a $6.9 million seed round of financing, with participation from Polychain Capital, Haun Ventures, and Rogue Capital.

Sona uses modules built on DeFi to provide artists with token-based streaming content, music auctions, governance rewards, and distributes a portion of the revenue from music auctions to artists and platforms. Sona has announced the public beta of its first product, Sona Stream, which is a free music streaming service with no subscription or advertising fees. It combines sharing music with artists and auctioning SONA, "digital twins" or digital assets in a market where only one person can own a song at a time.

Sona's market allows artists to auction their SONA to collectors within 24 hours. They set a minimum price and sell to the highest bidder, gaining immediate liquidity. Most notably, SONA owners receive a 70% streaming payment reward based on the total streaming on the platform. Meanwhile, artists receive a 30% commission and the company charges a 7% fee. Additionally, the funding for the reward pool comes from a certain percentage of SONA sales, meaning every purchase supports all artists on Sona Stream. In the future, Sona will include other transactions such as tips, merchandise, ticket purchases, Stem downloads, and DJ fixed-price audio downloads.

Infrastructure

There were a total of 6 financing deals in the infrastructure sector, with a total amount of over 23.8 million US dollars, accounting for 8.92% of the total financing amount last week.

Shadow

On December 5th, Shadow, a cryptocurrency data platform, announced the completion of a $9 million seed round of financing, led by Paradigm, with participation from Coinbase Ventures, Electric Capital, Ethereum Foundation, Uniswap, and Flashbots.

Ten

Swan

Swan founder Klippsten said that Swan plans to raise another $150 million in 2024 to provide funding for expansion. Through its lending products, Swan users can deposit Bitcoin as collateral and obtain approximately 50% of the US dollar-denominated loan at a "low double-digit" interest rate.

Nonco

On December 9th, according to CoinDesk, digital asset brokerage company Nonco completed a $10 million seed round of financing. The round was led by Valor Capital Group and Hack VC, with participation from Morgan Creek Digital, CMCC, Lvna Capital, Theta Capital, Bullish, Bastion Trading, and Libra Capital Ventures.

It is reported that the company was spun off from OSL Digital Limited, the American branch of Hong Kong digital asset platform OSL, and is composed of the same team. OSL retains a minority stake in the new company. Since its launch in April, the company's trading volume in the Americas has reached $6 billion.

数字资产管理/支付其余融资包括：

Translation:

Digital asset management/payment and other financing including:

On December 6th, blockchain investment company Spirit Blockchain Capital announced the completion of a new round of financing, with participation from EOS Network Ventures, among others. The specific amount of financing has not been disclosed. EOS Network Ventures will join its board of directors and investment committee. Spirit Blockchain Capital has previously invested in DeFi revenue platform Coinchange and is poised to explore the potential of the digital economy with a focus on innovation, strategic investment, and operational excellence.

Flow48 provides data-driven real-time financial technology solutions and helps small and medium-sized enterprises focus on ESG principles. Investors may provide support in the "advanced financial technology ecosystem," and the investment portfolio under Blockchain Founders Fund includes Web3 API platform Uniblock, Web3 domain and TLD provider Freename, privacy protection protocol zkPas, and more.

Original article link

Web3+AI

On December 6th, Bezant, a digital asset trading platform based on machine learning technology, announced the completion of a new round of financing. Hyperithm Co. Ltd, a Japanese digital asset management company, participated in the investment, but the specific amount has not been disclosed. The company will use this latest funding to accelerate platform development, enter the Japanese and Korean markets, and launch a new fund called "Bezant Absolute Returns Fund".

It is reported that Bezant mainly uses its exclusive machine learning (ML) model to assist investors in short-term long and short trading services, while investment firm Hyperithm, which previously received support from Coinbase Ventures, launched Japan's first BTC-priced fund last year.

Original article link

Welcome to join the official community of BlockBeats by Lu Dong.

Telegram communication group: https://t.me/theblockbeatsApp

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia