According to Odaily’s incomplete statistics, a total of 35 domestic and overseas blockchain financing incidents were announced in the week of September 13-September 19, a significant increase from a week ago; the disclosed total financing amounted to about 520 million US dollars, an increase from last week trend.
Last week, the blockchain project with the largest amount of investment in a single transaction was the Avalanche Foundation, which completed a $230 million private equity financing led by Polychain and Three Arrows Capital. Avalanche (Avalanche Protocol) was co-founded by Cornell University professor and IC3 co-founder Emin Gün Sirer. It describes a new consensus protocol that combines the Nakamoto consensus protocol with the classic consensus protocol. In addition, Discord, the main battleground of the blockchain topic, also completed a financing of 500 million US dollars at a valuation of 15 billion US dollars in a new round of financing.
The following are the specific financing events (sorted according to the announced amount, * is a "traditional" company whose business involves blockchain):
The following are the specific financing events (sorted according to the announced amount, * is a "traditional" company whose business involves blockchain):
Digital social platform Discord has raised $500 million at a $15 billion valuation in a new round of financing, according to people familiar with the matter. The round was led by Dragoneer Investment Group, with Baillie Gifford & Co., Coatue Management, Fidelity Management & Research Co. and Franklin Templeton also participated in the investment. Discord co-founder and CEO Jason Citron said in an emailed statement that the new funds will be used to invest in new features and tools and expand the company’s workforce.
San Francisco-based Discord is especially popular with video game players, but has expanded into everything from study groups to arts communities. The platform now has more than 150 million monthly active users who use the service for voice, video and text communications. Earlier this year, several companies approached Discord about acquiring it. The company was in talks with Microsoft (MSFT.US ), which offered $12 billion for the startup, people familiar with the matter had said. Discord subsequently rejected the offer, and negotiations ended. (Bloomberg)
The Avalanche Foundation has completed $230 million in private equity financing, led by Polychain and Three Arrows Capital, with participation from R/Crypto Fund, Dragonfly, CMS Holdings, Collab+Currency, Lvna Capital, and some angel investors and family offices. The Avalanche Foundation will use the proceeds from the AVAX token sale completed in June to support and accelerate the rapid growth of DeFi, enterprise applications and other use cases on the Avalanche public blockchain. (BNN)
On September 13, e-signature service provider e-Signature completed a financing of 1.2 billion yuan. The investors in this round are Sequoia China, IDG Capital, and ProLogis Hidden Hills Capital, followed by Guohai Innovation Capital, GF Capital, Wens Capital, and old shareholders Dachen Caizhi and Yuanyi Investment.
It is reported that this round of financing will also focus on the establishment of a collaborative network, and carry out ecological layout around signing and contracts, and promote the popularization of electronic contracts on a large scale. "The signing network built by e-signature covering China can support more business scenarios, allowing enterprises all over China to sign and manage contracts on e-signature. We will also invest more resources in contract management, document processing, AI, etc. Continue to do a good job in strengthening the Chinese mainland legal system and products in the Chinese context, and use electronic signatures to build social trust and make trust easier." Jin Hongzhou, founder and CEO of e-signature, said. (Securities Times Network)
Immutable, a second-tier NFT solution, has completed a $60 million Series B round of financing, led by game investment platform Bitkraft Ventures and venture capital firm King River Capital, with participation from Alameda Research and VaynerFund. The funds will be used to expand its global engineering and sales operations, foster industry partnerships, and grow the network’s native NFT gaming projects. Immutable X is a Layer 2 protocol specially developed for NFT on Ethereum. It is jointly developed by Immutable and the zero-knowledge proof technology development company StarkWare. It uses zk-rollup to realize gas-free casting and trading of NFT. (Cointelegraph)
Abra, an encryption investor wealth management platform, announced today that it has completed a $55 million Series C round of financing led by IGNIA and Blockchain Capital. New investors include Kingsway Capital, Tiga Investments and Stellar Development Foundation. Existing investor Lerer Hippeau Ventures, Amex Ventures, Arbor Ventures, RRE Ventures, CMT Digital Ventures and Kenetic Advisors followed up. Also participating in the round are several Abra Platinum customers. The funds will be used to further expand its wealth management, trading and payment new products, expand its marketing team, and develop the company's high net worth and institutional sales products.
In the past year, Abra revenue has grown more than tenfold, custody services Abra Trade and Abra Earn have grown AUM from zero to $1 billion, and have zero defaults. Over the past year, Abra has rapidly expanded its team, including recently forming an OTC desk, and expanding its private client service sales force in the Americas, Europe and Asia. Abra was founded in 2014 by Bill Barhydt. (sharecast)
Recur, an NFT brand experience company, has completed a US$50 million Series A round of financing at a valuation of US$333 million. Metaverse investment platform Digital led the investment. Recur will use these funds to support licensing rights and partnerships, and build its team. Point72 Asset Management will serve on Recur's board as Digital's initial appointed director. (BNN)
Earlier news, NFT brand experience company Recur announced the completion of a $5 million seed round of financing, led by DeFi Alliance, IOSG Ventures, Courtside VC, Gemini, JST Capital, Delphi Digital, Volt Capital, Nascent, CMT Digital, Hashed and Internet celebrities Gary Vaynerchuk, ConsenSys founder Joseph Lubin, Behance founder Scott Belsky and other individual investors participated in the investment.
On-chain data analytics startup Amberdata completes $15 million in Series A financing led by Citi
Amberdata, an on-chain data analysis start-up, announced the completion of a US$15 million Series A round of financing. This round of financing was led by Citigroup, and some executives from Franklin Templeton, Galaxy Digital, Rovida Kruptos Assets and GoldenTree Asset Management participated in the investment. Amberdata will use the financing to expand its team of R&D personnel and expand its operations in the United States and internationally.
It is reported that Amberdata is a blockchain and encrypted asset market data provider, which can analyze more than 8 million blockchain network transactions and transaction activities exceeding US$500 billion in a single day. (CoinDesk)
zkTube, an Ethereum Layer 2 protocol based on ZK-Rollup, announced the completion of $15 million in financing, led by DASH Foundation, with participation from OneUni Capital, Amplio Capital (Bitmart), Chainfir Capital, YFund, and July Capital.
It is reported that zkTube will participate in the recently launched blockchain online event ETHOnline as a sponsor, which has attracted projects such as IPFS, Uniswap, Compound, NEAR, Aztech, and Polygon to participate.
Encrypted trading service company Floating Point Group completed a $10 million Series A round of financing, with participation from Tribe Capital, Coinbase Ventures, FAST by GettyLab, Borderless Capital, CapitalX, and Formula Ventures. Anthony Scaramucci of SkyBridge Capital participated in his personal capacity, along with executives from GoldenTree Asset Management, HC Tech and Pythagorus Investments.
Founded at the Massachusetts Institute of Technology, Floating Point provides key trading services such as custody and algorithmic trading to institutional investors such as hedge funds, asset managers, and brokers. Last year, the company received $2 million in seed round financing from AngelList founder Naval Ravikant, pif.vc, and BoxOne Ventures. Floating Point Group's new platform offers institutional clients direct access to centralized and decentralized cryptocurrency exchanges and OTC desks. Its products are already used by dozens of hedge funds, asset managers and brokers to trade cryptocurrencies. (CoinDesk)
Coinfirm, a digital currency regulatory technology and blockchain-based financial ecosystem, has completed an $8 million Series A round of financing, led by Six Fintech Ventures and FiveT Fintech, the corporate venture capital arm of SIX, with participation from MiddleGame Venture, Mission Gate, and CoinShares. (Finsmes)
X-Margin, a zero-knowledge proof credit risk platform, announced the completion of a $8 million Series A round of financing, with Coinbase Ventures, HashKey Capital, Spartan Group, Bixin Ventures, Gemini, Primitive Ventures, and Kenetic Capital participating. Additionally, X-Margin is backed by trading firms such as CMS Holdings, MGNR, Dunamis Trading, Pirata Capital, Kronos Research and Wintermute Trading. It is reported that X-Margin uses zero-knowledge proof technology to protect the privacy of trading companies, while providing lenders with real-time information on the overall credit risk of borrowers. (CoinDesk)
The DeFi lending agreement Minterest has completed $6.5 million in private equity financing, with participation from DFG, KR1, CMS, DigiStrats, FOMOCraft, Bitscale Capital, PNYX Ventures, and CMT Digital. It is reported that the Minterest protocol combines the value capture design with a unique incentive mechanism and liquidation mechanism, aiming to make DeFi more fair to users. Minterest will use the operating surplus to automatically repurchase the project's native token MINT and distribute it to users. (PR Newswire)
LayerZero, a full-chain interoperability protocol, completed a US$6 million Series A financing led by Multicoin and Binance Labs, with participation from Sino Global Capital, Defiance, Delphi Digital, Robot Ventures, Spartan, Hypersphere Ventures, Protocol Ventures, and Gen Block Capital. The project previously raised US$2 million through a seed round, and the newly raised funds will be used to further develop LayerZero ecological endpoints throughout the ecosystem and promote the adoption of the protocol. LayerZero is currently undergoing audits and is expected to launch in early Q4 2021.
It is reported that LayerZero is a new interoperability protocol that connects different blockchains. Interoperability depends on information passing between chains; current solutions achieve this through intermediate chains (hub-and-spoke model) such as Polkadot or on-chain light nodes such as Cosmos IBC running in pairs. The former solution centralizes security around a single hub, allowing cheap transactions at the cost of a single point of failure. The latter achieve high security through on-chain verification, but are also capital and resource intensive. LayerZero combines the advantages of both solutions through a novel on-chain "Ultra Light Node", achieving the security of a light node and the cost-effectiveness of a mid-chain.
Automated market maker MonoX has completed $5 million in financing, led by Krypital Group, followed by Axia8 Ventures, Divergence Ventures, Youbi Capital, Animoca Brands, GenBlock Capital, 3Commas, Rarestone Capital, LD Capital, OP Crypto, and Blockdream.
MonoX founder and CEO Ruyi Ren said that over-collateralization has become a major problem in the DeFi field. As a capital-efficient liquidity solution, MonoX will help more innovative projects succeed. It is reported that MonoX will launch a single-currency liquidity pool to save additional funds. MonoX uses the stablecoin vCASH to form virtual trading pairs with deposited tokens, and the assets in MonoX are returned, which eliminates capital inefficiencies and reduces fees. MonoX will launch its mainnet on Polygon and Ethereum in the third quarter of this year, with full liquidity and exchange functions. (Invezz)
Audius, a blockchain-based music streaming platform, announced that it has completed $5 million in financing. Investors include artists such as Katy Perry, The Chainsmokers, Nas, Jason Derulo, Pusha T, Mark Gillespie, former Sony Music CEO Martin Bandier, and investment company K5 Global Michael Kives CEO, performing rights organization SESAC CEO John Josephson. Audius was founded in 2018 and is headquartered in San Francisco. To date, $8.6 million has been raised from Coinbase Ventures, Pantera Capital, Multicoin Capital, and other investors. In mid-August, Audius became the first streaming platform to integrate with video-sharing giant TikTok. (The Block)
RCRDSHP, an electronic music digital collection platform, has completed a seed round of financing of over US$5 million, led by Dapper Labs, NFT collectors Metakovan and Twobadour. RCRDSHP will run on Dapper Labs' Flow blockchain. (CoinDesk)
DApp game service platform Stardust raises $5 million, led by Framework Ventures
DApp game service platform Stardust completes $5 million in financing led by Framework Ventures, Kleiner Perkins, Blockchain Capital, Distributed Global, Maven 11, G1.vc, OP Crypto, Redbeard Ventures, Lattice Capital, Piers Kicks (Delphi Digital), Gabby Dizon (Yield Games), Sebastien Borget (The Sandbox) and Nikil Viswanathan (Alchemy) among other angel investors participated. The company has raised a total of $6.7 million to date.
The new funds will be used to help players purchase in-game NFTs using USD. By verifying NFT, Stardust can help game companies establish new business models. Launching on November 1st, the Stardust platform is currently testing 20 games in Beta. Developers can leverage institutional-grade security to incorporate fiat currency (USD, etc.) In-game economy. (Venture Beat)
Artory, a digital art registry, raises $4.5 million led by Borderless Capital and Jsquare
Artory, a blockchain-safe digital art registry, announced the completion of $4.5 million in financing, led by Borderless Capital and Jsquare, Rodriguez-Fraile, Steven Kokinos (CEO of Algorand), Joeri van Geelen, Qinwen Wang, Blockchain Valley Ventures (BVV ) and so on.
Artory will use the fresh funds to launch its next phase of work by tokenizing physical artworks in preparation for their trade in financial and crypto markets. Artory will leverage Algorand's open-source blockchain as the infrastructure for its art registry and tokenization platform. David Garcia, CEO and founding managing partner of Borderless Capital, will join Artory's board of directors to help execute the next phase of the digital registry's evolution.
Decentralized exchange Domination Finance completes $3.2 million financing led by ParaFi Capital
Domination Finance, a non-custodial decentralized exchange, announced the completion of a US$3.2 million seed round of financing, led by ParaFi Capital, with participation from Dragonfly Capital, AU21, Shima Capital, LD Capital, Huobi Ventures, OKEx BlockdreamVentures, KNS Group, GSR, CoinGecko, etc. .
It is reported that Domination Finance is a non-custodial financial instrument and exchange that allows users to trade dominant trading pairs (BTCDOM, ETHDOM, USDTDOM, etc.) or earn transaction fees by providing liquidity. The funds raised will be used to expand the services offered on the DomFi platform, which uses data provided by CoinGecko to track bitcoin prices and compare them with altcoin prices. Based on the Universal Market Access (UMA) protocol, Domination's interface allows retail traders not only to analyze changes in the relative prices of tokens, but also to trade the overall market dominance of Bitcoin, Ethereum, and Tether as easily as they use Twitter (Domination Status refers to the token’s market cap as a share of the total cryptocurrency market cap).
Vee.Finance announced the completion of US$2.8 million in Series B financing, Aussie Capital, AV Star Capital, BCA Investments, Black Mamba Ventures, Cobak, Crypto Avengers, DCI, Favor Ventures, Muhabbit Ventures, New Tribe Capital, Phenomenon Capital, Phoenix VC, Redline DAO, Tokuto Capital, Unpeeld Venture Labs and other institutions participated in the investment.
Idexo, a cross-chain NFT API developer, announced the completion of US$2.5 million in strategic financing. Investors include: Outlier Ventures, Floem Capital, InSquare Ventures, BlackDragon, Heat Capital, Panony, Aspectures Ventures, DAO Capital, CSP DAO, Defiants, C2G Ventures, Crypto Avengers, Moonwhale Ventures and Titan Ventures, among others. The funds will be used to build cross-chain NFT and game APIs, and advance the interoperability and accessibility of NFT and GameFi protocols. The initial launch of the idexo ecosystem will support Arweave, Avalanche, Ethereum, BSC and Polygon blockchains. (U Today)
According to official news, revenue management platform Apollo DAO announced $2.2 million in private equity financing and detailed information on strategic partners, Pantera Capital, Do Kwon, GSR, PNYX & Taureon, Sky Vision Capital, Global Coin Ventures, Yunt Capital, Sneaky VC, 6K Starter , Wolf of DeFi, Luna Fastlaner, Nick Flammel and more than 50 investors participated in the investment.
Social Token Platform Forefront Completes $2.1 Million Financing Led by 1kx Network
The social token platform Forefront completed $2.1 million in financing led by 1kx. Participating investors include Metacartel Ventures, Own Fund Collective, and DeFi Collective. Individual investors include Linda Xie (Scalar Capital), Calvin Liu (Divergence), Jenil Thakker (Coinvise ), Andy Chen Fang (Synthetix), Kevin Chou (Rally), Patrick Rivera (Mirror), etc. Investors also include 22 community members. Forefront stated that this round of financing is community-driven, which will make Forefront treasury more diversified to offset the risks brought about by the volatility of the governance token FF. This round of financing will be used to build Web3 social clubs and digital cities.
DeFi protocol tool PrimeDAO announced the completion of a $2 million seed round of financing, LD Capital, Stratos, TokenInsight, Signum Capital, Stacker Ventures, Senary Ventures, Atka Capital, ID Theory, SMAPE Capital, XeO4, Meld Ventures, Faculty Group participated in the investment, personal investment Participants include Balancer Labs CEO Fernando Martinelli, DAO contributors Griff Green, Nima Asghari.
PrimeDAO's products will be released in the next few weeks, including decentralized token issuance based on Balancer V2.0 LBP, liquidity pools and indexes managed by DAO, license-free rating of digital asset risk and quality, and DAO-DAO interaction interface, including token exchange and joint venture, etc.
According to official news, Kollect, a gamified collectible card platform, announced that it has completed over US$2 million in financing. OKEx Blockdream Ventures, FBG Capital, Infinity Venture Crypto, SOUL Capital, Kenetic Capital, a41, TK Ventures, Grenade Lab, ICO Pantera, Kyros Ventures, CryptoKudasaiJP, AVStar Capital, Bitcoin Addict Thailand, Vendetta Capital, Sunrise Dragon and CatcherVC participated in the investment. Kollect will use the financing to focus on product development and future NFT sales.
DeFi end-to-end privacy protocol Panther Protocol completes $2 million private placement financing
According to official news, the DeFi end-to-end privacy protocol Panther Protocol has completed a $2 million private placement financing, with a total financing of $10 million. Panther stated that the public offering date will be announced soon.
Earlier news, DeFi end-to-end privacy protocol Panther Protocol announced the completion of $ 8 million private placement financing, investors include ArkStream Capital, Rarestone Capital, Master Ventures, DeepVentures, Moonwhale, Alphabit Fund, Ex Network, MarketAcross, Nextgen, Protocol Ventures, Titans Ventures , Insignious Capital, KOSMOS VC, ELLIPTI, A195 Capital, AQUABLOCK, AU21, Arcanum Capital, LUNANARSTATATION, DUTCHCRYPTOINVESTOS, ESCOLACRIRIPTO, Genblo CK CK CK CAPITAL, Defiants, Netzero, Black Dragon, CSP DAO Network, Berezka Dao, Skynet, Basetwo voter. The funding will be used to develop protocols that interoperate with a range of DeFi applications.
News content marketing platform FUFU has completed a financing of US$1.7 million, with participation from GBV, Faculty Group and Boxmining. It is reported that users can create, play, share quizzes and earn NFT through FUFU's reward system. NFTs on FUFU are available as collectibles and potential memberships to gain access to future events, drops, sales, and more. (News. Bitcoin)
According to official news, Matterless announced the completion of financing of US$1.25 million, with participation from Outlier Ventures, Cadenza, Kenetic Capital, NGC Ventures and Arkstream Capital. According to reports, Matterless is making AR animal companions, and the upcoming Matterless app allows users to adopt virtual companions with unique personalities, characteristics and quirks. The personality and appearance of animal companions will be protected using NFT to ensure that each companion is a unique and immutable individual.
News GameFi game H3RO3S has completed a US$1.1 million seed round and private equity round of financing, DCI Capital and others participated in the investment. H3RO3S will launch a play-to-earn game on Binance Smart Chain (BSC), with a total of 1 billion H3RO3S tokens, 21% of which will be allocated to seed round and private equity round investors, and 20% of the total supply will be reserved for the game Rewards will be distributed to participants after H3RO3S is launched on the BSC mainnet. (Investing)
NFT game platform MPC completed the first round of financing of 1 million US dollars
Recently, MPC, the infrastructure service platform developed by Metaverse Games, announced the completion of the first round of fundraising of US$1 million. The investment institutions include A195 Capital, YBB Foundation, Lancer Capital, CryptoDiffer, 4SV, CatCherVC, Builders Foundation, and OverHead Capital.
It is reported that MPC will continue to launch various high-quality games through IP cooperation, independent research and development, etc., to expand the metaverse game ecology. On the basis of creating immersive entertainment for players, MPC will also integrate "recreational benefits" into the details of the game through technological iteration and game innovation, and finally use the latest technologies such as AR to build a social and entertainment platform. Metaverse game ecology that integrates with financial and other business forms.
MPC has also recently been strongly recommended by BSC NEWS under Binance, and the off-site price of the first round of NFT sales has increased by 1,000%.
News Solana lending portal Larix announced that it has completed two rounds of financing of Private and Seed with millions of dollars. The main investors are: Solana Capital, SolarEcoFund, Epsilon, Huobi Ventures, Gate, MXC Global, BitMart, Zonff Partners, Fenbushi, Polygon, Lancer Capital, FBG, 3Commas, IconPlus Capital, LD Capital and OIG Capital, etc.
It is reported that Larix has won the first place in the second-party voting of the Solana Hackathon in Asia. Currently, it has 168,000 overseas community users and nearly 420,000 testnet users. Larix has launched the mainnet at 8:00 p.m. Beijing time on September 9th, and will launch the first mine at 12:00 noon on September 17th.
Metaverse service provider MetaEstate announced the completion of a $1 million seed round of financing led by Cryptomeria Labs and Rocktree Capital, Kirin Fund, IcarusArt.AI, Waterdrip Capital, Consensus Lab, Chain Capital, Cryptogram Capital, and several crypto artists , NFT and KOLs in the traditional VC field participated in the investment, and the specific financing amount has not been disclosed yet. MetaEstate is a company that provides a full range of encrypted Metaverse services, aiming to help more users enter the Metaverse world with zero barriers, provide landowners, artists, etc. with more immersive, real-time and diverse pan-entertainment experiences, and expand the company Metaverse business, enhanced social connection and digital entertainment provide new directions for thinking. It provides users with various services including buying and selling/leasing Metaverse real estate, construction and immersive experience, marketing planning and event execution, advertising, and wearable peripheral design.
TapMonster’s official information disclosed that the project has recently completed Seed financing, with a financing amount of more than one million US dollars. The main investors include: British encryption fund Imcrypto Capital, GoMega Capital, and Future Guild, the Play To Earn field association. It is reported that TapMonster is an RPG battle and NFT manufacturing collection game based on Binance Smart Chain. Players obtain token rewards by recruiting aborigines to fight and upgrade, and cast aborigines with stronger attributes to sell in the market for profit. At present, the game has entered the final stage of development, and the BETA version will be launched in the fourth quarter of 2021.
MultiFantom, the main body of the Fantom chain IDO platform FantomStarter, announced the completion of a seed round of financing of $532,000 at a valuation of $3.6 million. This round of financing was led by MultiFantom's venture capital team, Spark Digital Capital, Solidity Ventures, Ankr Network, Signum Capital, ZBS Capital Wait to vote.
It is reported that FantomStarter is an IDO platform based on the Fantom chain with cross-chain interoperability. It aims to change the way blockchain and traditional start-ups raise funds and democratize the fund control process, enabling retail investors to automatically and securely trade on the blockchain. Safely accept equity allocations. Currently, FantomStarter supports blockchain networks such as FTM, BSC, ETH, and Polygon.
The decentralized learn-to-earn platform Islander announced the completion of the seed round of financing, AVATAR (Avalanche Asia VCs) and Spark Digital Capital participated in the investment, Islander also reached a cooperation with Avalaunch for product development. Islander plans to launch products and services by the end of October.
