Financing Highlights | Binance participated in the investment in the game startup Gomble Games; OKX led the investment in the full-chain AI game Cellula
According to BlockBeats statistics, the total number of financings last week was 37, which was the same as before, with a total amount of approximately US$153.6 million and an average financing amount of US$4.1514 million. Among them, the infrastructure field occupies the majority, the DeFi field and Web3.0+AI field are relatively more, the Metaverse/GameFi field and the social/creator economy field have increased, and the digital asset management/payment field, other fields financing and NFT/digital fashion field are relatively less. The following figure shows the proportion of financing in each sector last week:
A total of 4 financings were raised in the Metaverse/GameFi field, with a total amount of US$13 million, accounting for 8.46% of the total financing last week.
Gomble Games
On April 2, according to Investing.com, Singapore Web3 game startup Gomble Games announced the completion of 10 million financing, with Binance Labs, Spartan, Hashed, Shima Capital, Animoca Brands, Altos Ventures, IOSG Ventures, Foresight Ventures, BigBrain Holdings and others participating. GombleGames focuses on developing casual games on the blockchain. The company is planning to establish a participatory DAO to give users a say in marketing, game production and other businesses.
111% of the developers of GOMBLE are a studio focused on casual games. They have developed games such as Random Dice, BBTAN, and Unnie Doll, and ranked first in the strategy games and popular game rankings of Google Play and App Store. With a 111% track record of developing over 150 games, GOMBLE has attracted a user base of over 100 million in 7 years. GOMBLE has created an ecosystem that maximizes the core fun of games through enhanced GX (Gaming Experience). The word GX that GOMBLE pursues includes not only the in-game experience, but also all internal and external elements outside the game.
The team promotes rapid development through high-speed prototyping and a modular approach to complex tasks, receiving market feedback and using data insights to adjust parameters to enhance GX. Leveraging these capabilities, the team has launched games such as "Rumby Party", a hyper-casual game series suitable for players of all ages and skill levels, and "Merge Lion", which provides an intuitive user interface to improve user experience. The team plans to soft-release more than 20 casual games by 2024, while preparing for various elements in the Web3 field; including tokens, NFTs, communities, etc.
Cellula
On April 5, according to official news, the full-chain AI game Cellula completed a $2 million Pre-Seed round of financing, led by SevenX Ventures and OKX Ventures, and participated by Mask Network, Foresight Ventures, etc. The team said that the new funds will be used for multi-chain deployment, new game development, team operations, etc. Cellula's first game "Game of Life" will be launched on the mainnet on April 15, and will also carry out airdrop activities in conjunction with BNB Chain. In addition, it will also upgrade its brand, expand its product matrix and game reward mechanism, etc.
Cellula is a full-chain game ecosystem that uses virtual proof of work (vPOW) asset allocation to provide continuous incentives for games within the ecosystem. Cellula provides players with a new experience of creating life. In this game, players can create a variety of artificial life forms in various shapes by combining and assembling the smallest unit, the cell, just like Conway's Game of Life. Players can observe the growth, reproduction, and evolution of these life forms in a virtual life space.
As a fully on-chain game, Cellula adopts a community-first approach, putting decentralization at the forefront of its gameplay, and providing users with the freedom of composability and customizability in a transparent and immutable world. In Cellula, while exploring the vast and immersive on-chain world, users can choose how to build and cultivate their on-chain life, shaping their existence through the evolution of multiple generations of life, which allows players to give full play to their imagination and creativity and explore the diversity of life and the mysteries of evolution.
Planet Mojo
On April 5, independent Web3 game studio Planet Mojo announced the completion of a new round of strategic financing, led by Animoca Brands, Merit Circle and Courtside VC, with participation from Spartan Group, Citizen Capital, Sfermion, Big Brain Holdings, EVG, Republic, NGC Ventures, Readyplayer DAO, Alchemy, Momentum 6, Skyvision Capital, RW3 Ventures, Collab + Currency, Polkastarter, Metavest Capital, Symbolic Capital, Everyrealm, Fourth Revolution Capital and others. This round of financing brings Planet Mojo's total financing to $10.5 million.
Planet Mojo is a magical and imaginative auto chess game built by an experienced team. The game is set on a mysterious alien planet where players fight mythical characters in a series of PvP games. The long-term goal is to create a sustainable and scalable set of games for the next generation of gamers. Planet Mojo plans to use the new financing to continue to build its Web3 game metaverse platform, bringing users a more immersive, social and innovative gaming experience, and driving the development of the GameFi track.
Planet Mojo will soon release NFTs for Mojo characters. This means that players will be able to own their own game characters and other game assets and verify them on the blockchain. Mojos are 3D animated characters that can be used in auto chess games and other games released by the team in the future, supporting skin customization. Mojos and Biomes (terrestrial habitats) will initially have a limited supply, and additional benefits for early adopters will be announced soon. The game will be built on a layer 2 solution, so the gas for interaction is low, and there is an option to play for free and earn a profit.
The rest of the financing in the Metaverse/GameFi field includes:
On April 3, the Bitcoin chain GameFi project Trex20 announced the completion of US$1 million in financing, with participation from Marshland Capital, Moonrock Capital, Oddiyana Ventures, Triple Gem Capital, Nxgen, X21 Digital, Nabais Capital, etc.
It is reported that Trex20 has developed a utility Ordinals NFT, where the game itself is engraved on the chain, generating revenue shares for holders and enabling them to use it for lending. TREX Game Zone launched three initial games (Trex Game, Tetris, and To The Moon), introducing a PlayStation/Gameboy-style atmosphere in the BRC20 ecosystem. In addition, Trex20 will become the next round of IDO projects of Seedify.
In the field of NFT/digital fashion, there was a total of 1 financing, with a total amount of over 2.7 million US dollars, accounting for 1.76% of the total financing last week.
Moongate
On April 2, NFT application layer Moongate completed a seed round of financing of 2.7 million US dollars. This round of financing was led by CMCC Global's Titan Fund, and funds such as Token Bay Capital, Penrose Ventures, RNR Capital, Cogitent Ventures, GBV, PHD Capital, and angel investors such as Coingecko, Synthetix and Dolphin Browser participated. In addition, the ecosystems of Arbitrum, Polygon, Avalanche and BNB Chain also provided support.
Moongate is an all-in-one solution for brands and event organizers to empower their communities through NFT tickets and memberships to unlock exclusive experiences and benefits. Moongate will expand its modular Web3 interaction layer built for real-world activations. Its flagship decentralized ticket and membership platform has successfully attracted more than 100,000 active users and established partnerships with major brands such as Wonderfruit, ComplexCon, SiamPiwat and Binance.
The platform is preparing to launch the V2 upgrade, which will add a points system and plans to issue tokens this year. The team built Moongate to allow brands to easily create, issue and verify event tickets and manage membership programs. They can also create and manage benefit activities for customers; airdrop tickets and memberships to target users; view attendance, sales information and customer analytics.
A total of 9 financings in the DeFi field, with a total amount of over 32.6 million US dollars, accounting for 21.22% of the total financing last week.
Ellipsis Labs
On April 4, Ellipsis Labs announced the completion of a $20 million Series A financing, led by Paradigm and participated by Electric Capital. In August last year, Ellipsis Labs completed a $3.3 million seed round of financing led by Electric Capital.
Ellipsis Labs co-founders Eugene Chen and Jarry Xiao, who work in high-frequency trading, founded Phoenix after identifying a problem in DeFi they wanted to solve: protocols that ensure there is always on-chain liquidity can’t compete with centralized exchanges in terms of depth and spread. Because every time a liquidity provider places or cancels a limit order, they incur the blockchain’s gas fees. Based on the requirement for active liquidity, the team decided to build the exchange on Solana, Chen said, “The blockchain needs to run very, very fast, so it needs to have very high throughput, and the fees need to be very low.”
The company’s first product, a decentralized exchange called Phoenix, went live in February 2023, and its public-facing user interface launched in August last year. The company said in a statement that the funding will accelerate its efforts to “create a new financial ecosystem that provides competitive financial products on high-throughput blockchains,” while combining the accessibility and transparency of DeFi with the efficiency of traditional markets.
AgentFi
On April 5, AgentFi, the AI-driven DeFi protocol in the Blast ecosystem, announced the completion of its first round of financing, led by Generative Ventures. The funds raised from this round of financing will be used to further strengthen team building, especially in the expansion of R&D and marketing personnel. At the same time, AgentFi has launched its first product on the Blast mainnet. The product uses the ERC-6551 standard to provide a wide range of user groups with automated services for on-chain transactions and revenue generation through NFT-bound wallet accounts.
“The AgentFi team has experienced first-hand the complexity and challenges of managing on-chain activities from the perspective of ordinary DeFi users. This is why we carefully built our AI agent to make DeFi not only easy to use, but also efficient and rewarding for ordinary users,” said Bo Hong Deng, former senior trader at Goldman Sachs, co-founder and CEO. “What makes us different is that our agents can be personalized according to the needs of different users, combining a fully automated approach with customizable options for more advanced trading needs.”
The first batch of 6551 series NFTs launched by AgentFi has been successfully sold out. These NFTs are not only collectibles, but their built-in smart contract logic enables their holders to perform a series of automated on-chain operations. AgentFi also borrowed from Blast’s points program and plans to launch its own points reward system in April to recognize and reward users for their active participation and long-term support of the platform.
The rest of DeFi financing includes:
On April 3, Mangata Finance, a cross-chain exchange protocol based on EigenLayer, was renamed Gasp and announced the completion of a new round of $5 million in private financing, with participation from Polychain Capital, CMS Holdings, Master Ventures, Token Metrics and Cluster Capital. Although there was no lead investor, Cluster Capital contributed the largest share, accounting for 30%. According to sources, this round of financing has brought Gasp's FDV to $80 million.
On April 4, Solana Ecosystem Liquidity Staking Protocol Sanctum announced the completion of its seed round of extended financing, led by Dragonfly, with participation from THE CMS, DeFiance Capital, Solana Ventures and Valhalla Capital. In addition, angel investors from LayerZero Labs, Drift Protocol and other projects also participated in this round of financing. The amount of this round of financing has not been disclosed, but the total amount of financing has reached US$6.1 million so far.
On April 1, the decentralized trading platform Merkle Trade completed a $2.1 million seed round of financing, led by Hashed and Arrington Capital, with Morningstar Ventures, Amber Group, Aptos Labs, Re7 Capital and Dorahacks participating. This round of financing will be carried out after the launch of the platform at the end of 2023, and the funds raised will be used for the platform's growth plan.
On April 3, Arbitrum Ecosystem LRTfi project AutoLayer announced the completion of a $2.5 million seed round of financing, with participation from KuCoin Labs, Staked.vc, Morningstar Ventures, BlackEdge Capital, Spark Digital Capital, Poolz Ventures, Dewhales, etc. It is reported that AutoLayer aims to effectively manage LRT, LST, AVS, operators and other incentives to promote the formulation of optimal LRT usage strategies.
On April 4, the DeFi protocol NAV completed a $3 million strategic Pre-Seed round of financing. More than 70 angel investors, whale users, founders, DAOs and VCs participated in this round of financing. NAV said that the protocol is committed to using its structured investment products to bring changes to the DeFi field.
On April 5, the inscription liquidity protocol SatoshiSync announced the completion of seed round and private investment round financing. Candaq Ventures, MH Ventures, Maven Capital, Covey Network, ZBS Capital, Ape Terminal, Seedify, Chainlink, LayerZero Labs, Core DAO, Rootstock, Portal and many angel investors participated in the investment. The specific amount of financing has not been disclosed. It is reported that SatoshiSync is an inscription liquidity market built by the modular BTC L2 project Photon.
On April 5, the meme coin decentralized trading platform DerpDEX (DERP) announced the completion of a $5 million strategic financing, with ABO Digital, an investment fund under Alpha Blue Ocean, fully participating in the investment. At the same time, the two parties reached a liquidity cooperation agreement. ABO Digital will provide investment, liquidity support and meme token incubation opportunities to enhance DerpDEX's expansion on zkSync, Base, opBNB and all subsequent Layer 2 blockchains, and promote the growth and development of DerpDEX and its token DERP. DERP is currently available for trading on centralized trading platforms such as Gate.io, MEXC, and BitMart.
A total of 3 financings in the social/creator economy field, with a total amount of more than US$10 million, accounting for 6.51% of the total financing last week.
Today
On April 6, according to official news, the Web3 social simulation game Today completed a $5 million seed round of financing, led by Sfermion and Big Brain Holdings, and participated by GSR, Collab+Currency, Lingfeng Innovation Fund, Compute Ventures, Builder Capital, Tommy Tran, Metavest Capital, 32 Bit Ventures, Dingaling, Grail and Spirit DAO.
Today is a social simulation game that uses advanced AI technology to introduce interactive NPCs into the game, enhancing the player experience through unique and engaging interactions. At present, the gameplay and game details of TODAY have not been announced, but it is worth noting that TODAY was created by an Oscar-winning team and former leaders of Nintendo, SEGA, Epic Games and Unity, so we can expect innovations in its style and player experience.
The release of Today's Genesis Series The ANCIENT SEED is in progress. Players will receive it in the form of Freemint, with a total of 777 pieces, and holders will enjoy rights and interests inside and outside the game. According to reports, Today's current round of financing will be used to further develop its generative AI-based intelligent NPCs and code-free creator tools. According to the official announcement, Today NFT Ancient Seed will be minted on April 9. Users can log in to the relevant page to check the address casting qualifications.
Sofamon
On April 4, according to official news, the Web3 social project Sofamon completed its seed round of financing, which was participated by Polychain Capital, Seed Club Ventures, Inception Capital, etc. Angel investors include Nick White, COO of Celestia, former Coinbase engineer 0xBeans, and George Lambeth, co-founder of Divergence Ventures.
Sofamon is a project based on the Base network. It is currently working on a personal chat sticker market on Telegram. Users can manage their own sticker sets, invite friends, access Sofamon's private group chats, and so on. Currently, Sofamons are consumed through Telegram stickers. When users log in to the Sofamon application, they will see their personal avatars and can customize them by purchasing collective items. Avatars can be synced to Telegram as a set of stickers, allowing users to show off their collections to others.
It is worth noting that George Lambeth was the first angel investor to participate in Celestia's seed round (single token price was only $0.0094) and is currently a member of the dao5 team. In addition to Celestia, George has also participated in the seed rounds of Arbitrum and Avalanche.
The rest of the financing for the social/creator economy includes:
On April 2, AI social platform SOAI completed a $5 million institutional angel round of financing, of which Archer Capital invested $3 million and XForce Capital invested $2 million. This round of financing will accelerate SOAI's technological innovation and market expansion in the field of AI emotional communication. The new plan includes deepening AI emotional understanding and matching technology, optimizing user experience, and expanding the global market. It is reported that SOAI is an innovative AI platform originated in Silicon Valley, focusing on shaping the virtual companion industry ecosystem through advanced AI technology and creating customized AI soul mates for billions of people around the world.
A total of 13 financings in the infrastructure field, with a total amount of more than 65.4 million US dollars, accounting for 42.58% of the total financing last week.
XION
On April 1, according to Fortune, the blockchain network XION completed a $25 million Series A financing earlier this month, with Multicoin Capital, Animoca Brands and Arrington Capital participating in this round of financing. The new funds will enable XION to accelerate the development of the ecosystem. Burnt, the core development team of XION, is committed to building the first modular generalized abstraction layer designed for mainstream market adoption. Its purpose is to promote the adoption of Web3 by focusing on frictionless user experience.
As the first blockchain built for mainstream adoption, XION's generalized abstraction is a comprehensive infrastructure solution designed to remove all the complexity inherent in the cryptocurrency space to promote its mainstream market adoption. The core advantage of the platform lies in the integration of multiple complex blockchain functions such as account management, signature mechanisms, fee processing and cross-chain interoperability directly at the protocol level, which effectively lowers the entry barrier for new users and solves the fragmentation problem faced by developers in other blockchain ecosystems.
XION's meta account adopts a signature-agnostic abstraction design, allowing users to easily access XION applications through familiar Web2 authentication methods such as email or biometrics, as well as almost all types of cryptographic signature schemes. Users do not need to install crypto wallets such as MetaMask, although these wallets are still supported, allowing XION to meet the needs of different user groups. In addition, meta accounts also provide powerful features including seamless use across devices, key rotation, multi-factor authentication and account recovery.
Related reading: XION Releases Generalized Abstract Test Network and Technical White Paper
Zeus Network
On April 4, Solana's ecological cross-chain communication network Zeus Network announced that it had completed $8 million in financing at a valuation of $100 million, led by Mechanism Capital, OKX Ventures, Animoca Ventures, Big Brain Holdings, Lemniscap and The Spartan Group. Angel investors including Solana co-founder Anatoly Yakovenko, Stacks co-founder Muneeb Ali and Mechanism Capital founder Andrew Kang also participated in this round of financing.
Zeus Network is a Solana interoperability layer built on the Solana virtual machine, designed to connect Solana with other blockchains, including Bitcoin. Initially, Zeus Network focused on Bitcoin through its decentralized application Apollo, aiming to bring Bitcoin liquidity to Solana and enable Bitcoin holders to explore decentralized applications on Solana. Justin Wang, founder and CEO of Zeus Network, said that this round of financing is in the form of a simple agreement for future tokens (SAFT).
Related reading: "Understanding Zeus Network: Bringing Bitcoin Liquidity to the Solana Network (with Participation Tutorial)"
Zeus Network is the first project of Jupiter LFG Launchpad and was publicly launched on April 4. Users can trade ZEUS on the LFG Launchpad and claim their airdrop allocations at 21:00 Beijing time on April 4. In response to community feedback, Zeus Network will allocate 1% of the total ZEUS airdrop to all voters who participated in the first round of LFG voting. In addition, Zealy supporters and Dappie Gang NFT holders will also be able to allocate 1% of the total ZEUS airdrop.
Agora
On April 2, according to Bloomberg, the stablecoin startup Agora completed a $12 million seed round of financing, led by Dragonfly, with participation from General Catalyst and Robot Ventures.
Agora will issue stablecoins backed by cash, U.S. Treasuries and overnight repurchase agreements. Stablecoins are only available to users outside the United States. Like other popular stablecoins, Agora's U.S. dollar stablecoin will be backed by cash, U.S. Treasuries and overnight repurchase agreements. Kyle DaCruz, director of digital asset products at VanEck, said VanEck will manage the Agora reserve fund.
Agora's parent company is incorporated in Delaware, and its stablecoin issuer is located in the British Virgin Islands. It was co-founded by Nick Van Eck, the son of investment management veteran Jan Van Eck, and cryptocurrency veterans Drake Evans and Joe McGrady. Agora plans to sign revenue-sharing contracts with partners. Individual Agora holders will not directly receive any earnings or income generated by Agora.
The rest of the infrastructure financing includes:
On April 4, Bitcoin Layer 2 solution UTXO Stack completed its seed round of financing, which was jointly led by ABCDE Capital and SNZ Capital, and participated by CKB Eco Fund, OKX Ventures, Waterdrip Capital, Matrixport, y2z Ventures, DRK Lab and UTXO Management. The specific amount of financing has not been disclosed.
On April 1, blockchain technology company Hyperbridge successfully completed $2.6 million in financing through Polkadot Crowdloan. The new funds will be used to further develop its technology platform. Hyperbridge uses Polkadot's architecture to open new possibilities for decentralized applications (DApps) and improve the scalability and efficiency of the Web3 ecosystem.
On April 2, NFT application layer Moongate completed a $2.7 million seed round of financing, led by CMCC Global's Titan Fund, Token Bay Capital, Penrose Ventures, and angel investors such as Coingecko, Synthetix and Dolphin Browser participated. In addition, the ecosystems of Arbitrum, Polygon, Avalanche and BNB Chain also provided support. Moongate will expand its modular Web3 interaction layer built for real-world activation. The platform is preparing to launch the V2 upgrade, which will join the points system and plans to issue tokens this year.
On April 3, modular Layer 2 blockchain Camp Network completed a $4 million seed round of financing, led by Maven 11, with participation from OKX, Protagonist, Inception Capital, Paper Ventures, HTX, Moonrock Capital and Eterna Capital. These funds will support the construction of the network before the mainnet launch in June. In addition, 20 active teams within the Camp Network ecosystem will receive funds to expand their teams. The network's testnet will be launched this month.
On April 4, Ethereum Layer 2 network LightLink completed a 1.7 million extended seed round of financing, led by MH Ventures and NxGen. The total amount of LightLink's seed round financing has reached 6.2 million US dollars. The new funds will help the company continue to build a Web3 ecosystem for corporate partners and improve proprietary technology to enable gas-free transactions for users.
On April 5, Bitcoin second-layer network Zulu Network completed a $3 million pre-seed round of financing, which was participated by Cryptogram Venture (CGV), D11 Labs, Web3.com Ventures, Satoshi Labs, Splinter Node Capital, etc. Zulu Network is the first Bitcoin second-layer network to support EVM and UTXO. Zulu Network has launched ZuluPrime (EVM) and ZuluNexus (UTXO), and is building a decentralized Bitcoin cross-chain bridge to connect all Bitcoin second-layers and the entire crypto ecosystem to the Bitcoin ecosystem.
On April 5, on-chain market and white label solution provider BonusBlock announced the completion of $2.3 million in financing. Investors in this round include Laser Digital (Nomura Group), iAngels, Cogitent Ventures, LVT Capital, etc., as well as Axelar co-founder Georgios Vlachos, Beoble's Sung, Coachkcrypto, etc. Through artificial intelligence analysis, BonusBlock enables projects to more reliably and easily obtain verified users of verifiable quality, thereby creating a more trustworthy environment. The use of AI can expand and give trust to transparent and clear quality level scores based on smart contracts and transaction-level interactions. BonusBlock's on-chain market is expected to be launched in early April.
On April 5, Web3 asset data platform RootData announced the completion of a $1.25 million seed round of financing, led by NLVC, with participation from Boyaa Interactive, Bonfire Union Ventures (a fund under Mask Network), Sending Labs, Skyland Ventures, UniSat, SeeDAO, Orbiter Finance founder Gavin, Alchemy Pay co-founder Shawn Shi and others. This round of financing will be mainly used for product development and market expansion.
On April 5, MadFi, the developer of DN-404 token BONSAI on the Polygon chain, announced the completion of a $1 million angel round of financing, led by Palm Tree Crew (PTC) Crypto, Avara Ventures and Social Graph Ventures, and participated by angel investors such as Robert Leshner, Spencer Noon and Sandeep Nailwal. According to reports, MadFi is an encrypted social platform where users can join a social club for specific content, subscribe to their favorite creators, and earn rewards by using social media.
On April 7, QuantAMM, an on-chain asset management infrastructure provider, announced the completion of a $1.85 million Pre-seed round of financing, with participation from 8VC, Mako, Marshland Capital, 369 Capital, TradFi and DeFi angel investors. This round of financing was achieved after QuantAMM completed the Longhash and Hypernest accelerator programs. QuantAMM is preparing to launch its V1 and Layer 2 solutions on the Ethereum mainnet in the second quarter. From 2024 to 2025, QuantAMM will expand its product range to include cross-chain solutions and a set of infrastructure tailored for institutional clients.
A total of 1 financing was raised in the digital asset management/payment field, with a total amount of over US$5 million, accounting for 3.26% of the total financing last week.
Station70
On April 6, digital asset security company Station70 recently announced the completion of a $5 million seed round of financing, led by Matt Walsh and Castle Island Ventures, and followed by Notation Capital, Semantic Ventures, SCB 10X and CoinShares. In the coming weeks, Station70 will test Bunker with multiple customers in order to launch a public version as soon as possible.
At the same time, Station70 officially launched its cornerstone disaster recovery platform Bunker. Bunker aims to simplify the private key backup and recovery (KBR) process and help institutional customers cope with a wide range of trust and security challenges related to the security and accessibility of digital assets. Bunker will be available in two configurations: Standard Edition and Enterprise Edition. The Enterprise Edition will provide advanced configurations, customized compliance features, regulatory and audit reports, and value-added services such as insurance. In addition, Station70 also provides recovery response services (RRS) to corporate customers to assist in establishing a resilient failover architecture.
Adam Healy, founder and former chief information security officer (CISO) of Station70, said that institutions generally face challenges in private key management when they self-custody their assets. Station70's mission is to provide the industry with the tools it needs to help institutions quickly improve business continuity. They will work with many high-quality wallet providers, especially Fireblocks, to jointly build an industry ecosystem where trust and security are core features.
In the field of Web3+AI, there were 5 financings with a total amount of over 20.6 million US dollars, accounting for 13.41% of the total financing last week. Including:
On April 3, Privasea, which was invested by Binance Labs in the early stage, announced the completion of a new round of strategic financing, with participation from OKX Ventures, Laser Digtal controlled by Nomura Group, and Tanelabs, an incubator in which SoftBank holds a stake. At present, the project has obtained two rounds of strategic financing, including pre-seed/seed rounds of financing, with a total financing amount of 5 million US dollars. The artificial intelligence-driven FHEML solution built by Privasea has attracted attention from the fields of AI and Depin as well as the crypto market. By establishing a decentralized computing network, it provides scalable computing resources for AI tasks and reduces the risk of centralized data processing.
On April 3, Web3 AI company Raiinmaker completed a $7.5 million seed round of financing, led by Jump Capital and Cypher Capital, and participated by Gate Labs, MEXC Global, Krypital Group, Alphabit, Launchpool, New Tribe Capital, etc. It is reported that Raiinmaker is building decentralized artificial intelligence tools and web3 infrastructure to support sports, games and entertainment projects. Users can train artificial intelligence through iOS or Android phones and receive rewards proportional to their impact on the artificial intelligence model.
On April 2, XRADERS, an Al-driven trading management platform on BNB Chain, announced the completion of $2.1 million in Pre-Seed and Seed rounds of financing, with participation from FBG Capital, GM Ventures, MARBLEX, Basics Capital, Icetea Labs, Asteroid Capital, Marshland Group, DigiStrats, Alpha Protocol VC and GBV. Also.
On April 4, bythen completed a $3 million seed round of financing, with participation from East Ventures, BEENEXT, ED3N Ventures, and GuildFi, and angel investors including dingaling, Grail.eth, etc.
On April 2, DeepLink, a decentralized AI cloud gaming protocol that provides low-latency solutions for 3A games and cloud Internet cafes, recently completed a total of US$8 million in angel and A rounds of financing, with participation from Gobi Ventures, Hycons, DBC, ROCK Ventures and other companies, as well as P&S, KMTLE, Dan & FamilyWorks, BTR, Horman, FireHustle and other Japanese, North American, European and other Asian communities.
DeepLink Protocol is a decentralized AI cloud gaming protocol that supports 1ms ultra-low latency, 8K high resolution, 240fps high refresh rate, and 24-hour non-stop streaming through AI, blockchain, and streaming technology. It can achieve an unparalleled user cloud gaming experience and maintain technological leadership in multiple fields such as AI super-resolution, network connectivity, video encoding and decoding, and network fluctuation optimization. The team has also developed DeepLink software based on DeepLink Protocol. It currently covers more than 100 countries around the world, has more than 500,000 users, more than 100,000 daily active users, and more than 300,000 monthly active users, and is growing rapidly.
There was 1 other financing with a total amount of US$4.3 million, accounting for 2.8% of the total financing last week. Including:
On April 3, Legitimate completed a seed round of financing of US$4.3 million, led by Lemniscap, with participation from Draper Associates and Sfermion Factor VC. It is reported that Legitimate can embed various digital content into physical goods through Legitimate's LGT label, including exclusive audio and video, text, digital collectibles, mobile applications, etc. So far, many brands such as Puma, AMBUSH and Roc Nation have used Legitimate's technology to create unique consumer experiences.
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