Last week, there were a total of 12 public financing events in the cryptocurrency market | Financing Weekly Report
According to ChainCatcher statistics, from January 4 to 10, there were a total of 12 investment and financing events in the blockchain industry, with institutions such as Dragonfly, NGC, and Genesis Block participating twice, covering areas like DeFi, NFT, DAO, and the Polkadot ecosystem.
1. Decentralized Token Exchange Protocol Poolz Completes $1 Million Private Token Sale Financing
On January 4, the decentralized token exchange protocol Poolz completed a $1 million private token sale financing, achieving 25 times oversubscription. This round of financing was led by blockchain VCs including Foundry, Genesis Block, 7X Ventures, and Alphabit, with other participants including GBV Capital, Phoenix Capital, DuckDAO, Aggressor Ventures, and OMS Capital.
The funds from this round will be used to promote the development of Poolz's cross-chain protocol to facilitate DeFi token exchanges and third-party fundraising. Poolz has currently integrated four smart contracts and supports the token standards of their respective platforms, including Ethereum, TomoChain, and Polkadot.
2. Polkadot Decentralized Infrastructure Platform Apron Network Completes Seed Round Financing
On January 4, the decentralized infrastructure platform Apron Network on the Polkadot ecosystem announced the completion of its seed round financing, with investments from Vega Ventures, PAKA, NGC Ventures, Digital Renaissance Foundation, DFG, and Candaq.
Apron Network aims to establish a decentralized infrastructure service network platform that provides blockchain-based infrastructure services for application developers, users, and operators. Apron Network will offer node services, on-chain data indexing, random numbers, quotes, and other infrastructure services for the Kusama and Polkadot ecosystems.
3. Bitcoin Mining Company Marathon Patent Group Announces Completion of $217.6 Million Financing
On January 4, Nasdaq-listed Bitcoin mining company Marathon Patent Group announced the completion of $217.6 million in financing and plans to use the funds to pay for a large purchase of Bitcoin mining machines from Bitmain and further expand its business. Marathon stated that it has purchased a total of 103,060 mining machines so far.
4. NFT Game My Neighbor Alice Completes $2.1 Million Financing, NGC and Genesis Block Participate
On January 6, the blockchain game My Neighbor Alice announced it raised $2.1 million, with participation from NGC Ventures, Bitscale Capital, and Genesis Block.
My Neighbor Alice is a blockchain multiplayer construction NFT game where players can purchase game items and NFT items in the market using the in-game currency ALICE. Players holding ALICE tokens can earn staking rewards and participate in governance through the community committee.
5. CoinDesk Announces Acquisition of Data Provider TradeBlock
On January 6, blockchain media CoinDesk announced the acquisition of data provider TradeBlock. After the acquisition, TradeBlock's reference price and index services will be integrated into CoinDesk.
It is understood that TradeBlock primarily supports the investment community through data tools and analytics, offering market analysis, blockchain insights, order management, trade execution, team communication, and compliance automation. CoinDesk CEO Kevin Worth stated that TradeBlock represents the "missing piece" in the platform's multifaceted media strategy to seize opportunities.
6. Crypto Tech Startup TaxBit Completes New Round of Financing, PayPal and Coinbase Participate
On January 7, crypto tech startup TaxBit completed a new round of financing, with investments from payment giant PayPal's venture capital arm, Coinbase Ventures, and Winklevoss Capital.
TaxBit primarily provides accurate tax calculation tools to help consumers and businesses calculate taxes owed on their cryptocurrency holdings. TaxBit completed a $5 million seed round financing in January 2020, with participation from Winklevoss Capital and Dragonfly Capital.
7. DeFi Aggregation Platform Furucombo Announces Completion of $1.85 Million Seed Round Financing
On January 7, DeFi aggregation platform Furucombo announced the completion of $1.85 million in financing, with investments from SevenX Ventures, Defiance Capital, 1kx, Multicoin Capital, and DeFi Capital.
Furucombo launched in March 2020, aiming to lower the barriers to using DeFi. The platform has designed a method to visualize complex protocols into combinations (like DeFi Lego), allowing users to easily build DeFi strategies by dragging and dropping various types and multi-step operations, including cross-protocol interactions and trades, all in one transaction.
8. Financing Platform DAO Maker Secures Strategic Investments from Genesis Block Ventures, LD Capital, and Others
On January 7, financing platform DAO Maker announced the completion of strategic round financing, with participation from Genesis Block Ventures (GBV), LD Capital, Digital Finance Group, One Boat Capital, JRR Group, Conix, Orion Protocol, and Matic Network.
It is understood that DAO Maker was established in 2018, primarily creating growth technologies and financing frameworks for startups while reducing risks for investors. The project is launching a compliant platform supporting fiat currency for investors to engage in venture capital, including public stocks and tokens. The platform will include risk bonds for near-zero risk, dynamic stock/token issuance for capped risk (but maintaining maximum returns), and standard issuance for maximum risk tolerance (with no protection).
9. Decentralized Synthetic Derivatives Trading Market SynFutures Completes $1.4 Million Seed Round Financing, Dragonfly and Standard Crypto Lead
On January 8, the open synthetic derivatives trading market SynFutures announced the completion of $1.4 million in seed round financing, led by investment firms Dragonfly Capital and Standard Crypto.
It is understood that SynFutures focuses on building an on-chain synthetic derivatives market, achieving three major functions: 1. Open trading pairs with any asset and any expiration date added by LPs; 2. A synthetic automated market maker model that supports trading of synthetic assets including cross-chain, off-chain, and indices; 3. An automatic liquidator model that implements partial liquidation on-chain.
10. Cryptocurrency Company Eligma Secures €4 Million Financing, Bitcoin.com Leads
On January 9, Slovenian cryptocurrency company Eligma secured €4 million in financing, led by Roger Ver's company Bitcoin.com, bringing the company's valuation to €50 million.
It is reported that Eligma was founded in 2017 and created a payment infrastructure that allows local and online stores to accept instant cryptocurrency payments through its GoCrypto network. The platform generates a QR code that buyers scan with their cryptocurrency wallets, and once the transaction is confirmed, merchants receive settlement in local currency.
11. Morgan Stanley Acquires Over 10% Stake in MicroStrategy
On January 9, according to a filing submitted to the U.S. Securities and Exchange Commission (SEC) on January 8, investment bank Morgan Stanley has purchased approximately 10.9% of the shares of business intelligence company MicroStrategy, totaling 792,627 shares, with a current market value of about $500 million. Currently, MicroStrategy's BTC inventory is valued at over $2.8 billion.