According to BlockBeats statistics, there were a total of 18 financing deals last week, which is a decrease compared to previous weeks. The total amount raised was approximately 214.3 million US dollars, with an average financing amount of 11.9 million US dollars. The infrastructure sector accounted for the majority of the deals, while there were relatively more deals in the digital asset management/payment sector. There were fewer deals in the social/creator economy and NFT/digital fashion sectors, and no deals in the DeFi, metaverse/GameFi, and Web3.0+AI sectors. The following chart shows the financing distribution across different sectors last week:

NFT/Digital Fashion

There has been a total of 1 undisclosed funding in the NFT/digital fashion industry.

Moove Protocol

On December 21st, Moove Protocol, an NFT platform jointly launched by Two3 Labs and CowCow, announced the completion of its seed round financing. Morningstar Ventures led the investment, with participation from ZBS Capital, Alpha Protocol Ventures, Let's Go Ventures, NXGen, Antiga Capital, and renowned angel investor Vijay Pravin Maharajan (bitsCrunch).

MOOVE Protocol is a social initiative aimed at promoting community builders, creators, and visionaries through the development of community-oriented tokens. Its flagship project CowCow, a blue-chip project in the MultiversX ecosystem, will continue to be the backbone of MOOVE Protocol and drive demand for its native token MOOVE. MOOVE is already trading in real-time on the MultiversX DEX. On December 19th, the team will launch its second NFT project, Smoofs. The project has sold 7,000 NFTs through private sales, making them the NFT project with the largest community on Polygon.

The goal of MOOVE Protocol is to become a fully decentralized ecosystem that is suitable for other projects to build and launch on. The team is developing an AI video content generation protocol on Polygon and has signed partnership agreements with over 50 collectibles that will be added to the protocol for their holders to create videos. Additionally, the team will be dedicating resources to building an AI video content generation protocol and launching more products in the coming months.

Social/Creative Economy

There were a total of 1 funding in the social/creator economy sector, with a total amount exceeding 13.7 million US dollars, accounting for 6.39% of the total funding raised last week.

Medallion

On December 21st, Web3 fan platform Medallion announced the completion of a $13.7 million Series A financing round, led by Dragonfly and Lightspeed Faction.

Music Infinity is an NFT2.0 music platform under Element.Black, dedicated to creating a free, prosperous, and open Web3 entertainment copyright music sharing ecosystem. Through the three systems of music NFT casting, Music Box, and Music Plaza, it provides functions such as playing, holding, downloading, issuing, casting, trading, distributing, socializing, illustrations, and mining for musicians, celebrities, fans, music enthusiasts, and crypto users. Music Infinity collaborates with Create to Earn and Listen to Earn to maximize the value of music copyright for the B-end and explore a sustainable creator studio economic model similar to a gold-making guild. For the C-end, it brings a brand new Web3 music NFT experience to all users in the ecosystem through an innovative fan economic model with a rich effect of listening to music and mining.

This round of funding will be used to introduce new early access opportunities, such as pre-release music listening and pre-sale tickets, as well as other membership benefits such as "video premieres or new updates". Artists will also be able to sell new exclusive and limited edition digital collectibles/NFTs, such as poster bundles and trading cards. Medallion recently launched a "digital deluxe edition" for artists in the UK, Australia, and Germany, allowing artists to sell digital albums containing embedded music players and downloadable audio, images, and videos, as well as physical merchandise through integration with Shopify. Currently, 20 artists are using Medallion to operate their fan communities, and the company plans to expand the platform to hundreds of artists by 2024, with widespread adoption expected in 2025 or later.

Infrastructure

There were a total of 11 financing deals in the infrastructure sector, with a total amount exceeding 55.3 million US dollars, accounting for 25.8% of the total financing amount last week.

TonUP

On December 23rd, according to official sources, TON ecosystem Launchpad platform TonUP announced the completion of a private placement round of financing. This round of financing was participated by Antalpha, MEXC Venture, Waterdrip Capital, New Tribe Capital, nxgen capital, MixMarvel DAO Venture, y2z Venture, and individual investors in the industry. The specific amount of financing has not been disclosed yet, and the funds raised in this round will be used to support product development and the expansion of multiple markets.

TonUP is the first Launchpad of the TON public chain, created to address TON's funding gap and provide an environment to support ecological development, in order to accelerate the construction of new projects. In August of this year, TonUP launched its first IDO project, Tap Fantasy, where users can participate in IDO by staking $TON on TonUP to obtain Tap Fantasy's native token $MC. In less than half an hour, Tap Fantasy raised $100,000 in startup capital through IDO, and a total of nearly 80,000 $TON (approximately $180,800) was raised.

As an IDO platform, TonUP has also issued its own token $UP and selected Bitget as the first platform for its token fundraising. Currently, ordinary users who want to participate in the TonUP project and ecosystem can do so by applying for or exchanging its official token $UP. In addition, TonUP has introduced the Community Protection Plan (CPP) to protect the interests of IDO community members. CPP consists of two key parts: liquidity supervision plan and price protection plan. Projects participating in the liquidity supervision plan will invest a large part of their fundraising funds into DEX to form a liquidity pool, which will be jointly supervised by TonUP through multi-signature. The price protection plan sets a minimum price protection to provide a secure network for the token price within a specified time after the project is launched.

Related reading: "TON's first Launchpad project in the ecosystem, analyzing the TonUP participation mechanism and token economy".

web3mine

On December 20th, Web3 infrastructure web3mine completed a $6 million seed round of financing, led by 1kx with participation from PL Ventures and several angel investors. The new funds will be used to develop web3mine's core services.

web3mine is a web3 staking protocol that supports open access storage and computing networks. It is designed to enable the world to collectively coordinate capital and hardware to build open, high-performance, and resilient computing infrastructure for everyone. The flow staking solution provided by web3mine for the Filecoin network is the first among many solutions, and the team is expanding its services to other web3 public utility networks.

In order to achieve this goal, web3mine is building the world's largest open computing network to democratize the process of creating and accessing value on new or established decentralized networks. In the past year, web3mine has made substantial progress in building hardware monetization and liquid staking. Hardware monetization refers to the ability for hardware owners to easily and efficiently deploy their assets and the utility they provide (such as hard drives for storage, circuits for computing workloads, and network devices for moving data) and monetize them. Liquid staking refers to the ability for cryptocurrency holders to deploy their tokens to help develop decentralized networks and participate in the value they create by collecting staking rewards as a return.

Wynd Network

On December 19th, Wynd Network, a startup company focused on allowing users to earn money by selling unused internet bandwidth, announced the completion of a $3.5 million seed round of financing. The round was led by Polychain Capital and Tribe Capital, with participation from Bitscale, Big Brain, Advisors Anonymous, Typhon V, and Mozaik.

Wynd Network's first product, Grass, is a decentralized web crawler network designed to help companies and non-profit organizations train artificial intelligence. The mechanism of Grass is that users sell their unused network resources through Wynd Network to companies, laboratories and other institutions. The buyer companies of Grass seek unused network resources to access more diverse IP addresses, conduct market research or perform tasks such as web crawling and AI training. Users provide their idle bandwidth resources through Grass and receive points granted by Grass. These points will be "retrospectively converted into network ownership" at the end of the product beta phase.

In June of this year, Grass's testing officially went online. By November, Grass's sole IP address registration had exceeded 1.5 million, with over 100,000 people downloading the extension program. On December 15th, Grass's official Twitter account announced that due to a surge in new users, system upgrades and maintenance were underway, and that the total number of users had doubled in the past 72 hours.

Related reading: "How does Grass, the DePIN project that received investment from Polychain for "WiFi mining", interact?"

Formless

On December 20th, decentralized network Formless announced the completion of over $2.2 million in Pre-Seed funding, with participation from a16z crypto, Contango Digital Assets, Polygon co-founder Sandeep Nailwal, Beacon Accelerator, WAGMIventures, MH Ventures, Knights Capital, and others.

It is reported that Formless is a decentralized network and digital space that empowers individuals to connect, create, collaborate, and share in the multi-person digital economy. It is specifically designed for peer-to-peer coordination, shared ownership, and community building around physical and digital assets. Users can join communities around their favorite creators, thought leaders, products, and experiences. Brandon Thorpe, the founder of Formless, said that "the multi-person digital economy empowers smaller participants to come together, invites potential consumers to become participants, and allows larger participants to become powerful platforms. This is equivalent to a digital equivalent of common property rights in a company, but without the government contracts or physical property rights enforcement that a company may require."

Regarding distribution, Formless expands the influence of users by selling digital products through a new network type, manages products through off-chain computing, and distributes royalties and seamless cross-network routing payments among thousands of users. In terms of ownership, Formless licenses works and allows users to create their own terms around price, access rights, availability, and licensing, managing rights through transparent on-chain transactions across multiple blockchains.

Infrastructure remaining financing includes:

DM2C Studio

Fiat Republic

The new funds will be used to drive its growth and expansion, including strategic recruitment, strengthening bank partnerships, and expanding into new areas.

BlockBeats previously reported that on June 8, 2022, Web3 financial services startup Fiat Republic announced the completion of a $2.5 million seed round of financing. The round was led by Credo Ventures, with participation from SoftBank Investment Advisers' Emerge Program, Connect Ventures, as well as other strategic cryptocurrency platform investors and angel investors.

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 23rd, Australian Bitcoin mining company Arkon Energy completed a $110 million financing round. The round was led by Bluesky Capital Management, with participation from Kestrel 0x1, Nural Capital, and others. Of the total amount raised, $80 million will be used for expansion in the United States, while the remaining $30 million will be used for an artificial intelligence cloud service project at a 30MW data center in Norway.

原文链接 translates to

Original article link.

On December 24th, Stronghold Digital Mining, a Bitcoin mining company, announced that it has signed a $15 million equity purchase agreement with an institutional investor. Stronghold stated that the funds will be used to expand its mining equipment and promote its carbon capture plan. The investment was made by selling 2.3 million Class A shares at an average price of $6.71 per share.

Original article link

On December 20th, Web3 tax startup Tres Finance completed a $11 million Series A financing round. The round was led by Lightspeed's new fund Faction, with participation from New Form, Boldstart Ventures, Cyber Fund, and Ambush Capital. This round of financing brings Tres' total funding amount to $18.6 million. Tres reportedly provides accounting, auditing, reporting, and other financial services for Web3 companies.

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