Last week, there were a total of 15 public financing events in the cryptocurrency market, with a slight decrease in both the number and total amount of financing | Investment and Financing Weekly Report

整理：饼干， RootData

According to incomplete statistics from RootData, during the period from July 23 to July 30, 2023, there were a total of 15 public financing events in the blockchain and cryptocurrency industry, with a total financing amount of approximately $12.93 million. The number and total amount of financing saw a slight decline.

From the perspective of track distribution, infrastructure and social sectors were the popular tracks last week, with financing amounts of $10.3 million and $8.1 million, respectively.

In terms of financing rounds and scales, early-stage projects accounted for the largest share, with a total of 7 seed round financings. The most impactful financing was completed by Ethereum infrastructure Flashbots, which raised $60 million at a valuation of $1 billion; the crypto payment application hi received a $30 million investment from Animoca Brands.

*（List of projects that received financing last week, data source: * Rootdata）

I. CeFi

1. Digital asset Launchpad platform 2MR Labs completes new round of financing, led by Heliconia Capital under Temasek
Digital asset Launchpad platform 2MR Labs announced the completion of a new round of financing, led by Heliconia Capital under Temasek, with participation from Plug and Play APAC, The Assembly Place, PG, and LucidBlue Ventures. The specific financing amount has not been disclosed.

It is reported that 2MR Labs will use the new financing to support enterprises in their Web3 technology transformation through the Launchpad. They have already formed strategic alliance partnerships with cold wallet provider UKISS Technology, Web3 gaming platform MetaOne, and global entrepreneurship and innovation platform Plug and Play APAC. (Source link)

II. Infrastructure

1. Ethereum infrastructure service Flashbots completes $60 million financing at a $1 billion valuation
According to The Block, Ethereum infrastructure service Flashbots completed a $60 million Series B financing at a valuation of $1 billion.

It is reported that the funds will be used to develop the Suave platform, which provides optimal execution for users' trades at the lowest possible cost based on their preferences. (Source link)

2. Crypto payment application hi receives $30 million investment from Animoca Brands
Crypto payment application hi has received a $30 million investment from Animoca Brands, which will be used to improve hi's existing products and develop new ones. At the same time, hi announced a partnership with Mastercard to launch debit cards customized with CryptoPunks, Bored Apes, and other famous NFT series, with cards expected to start shipping later this quarter.

The collaboration between hi and Animoca Brands includes using tokens from the Animoca Brands ecosystem (such as SAND, EDU, APE, REVV, GMEE, etc.) for direct transactions via the hi debit card. (Source link)

3. Crypto chip company Fabric Cryptography completes $6 million financing, led by Metaplanet
According to Fortune magazine, crypto chip company Fabric Cryptography announced the completion of $6 million in Pre-Seed financing, led by Metaplanet, with participation from Nil Foundation, Inflection, Novawulf, and Era. The company's co-founder and CEO Michael Gao declined to provide valuation information for this round of financing, only revealing that the chips they are designing have already received a $50 million order and signed a letter of intent for a deal worth approximately $100 million with a potential buyer.

It is reported that Fabric Cryptography is a startup focused on developing advanced cryptographic algorithm hardware, particularly dedicated computer chips for zero-knowledge proof technology. Last week, Fabric Cryptography also reached a partnership with ZK technology developer Nil Foundation to launch a decentralized marketplace for cryptographic and outsourced proof generation. (Source link)

4. UniSat Wallet seeks financing at a $50 million valuation, in talks with Binance Labs and others
Bitcoin inscription wallet UniSat Wallet is seeking financing at a $50 million valuation, with some investors already confirmed, including Binance Labs.

It is reported that the UniSat team has BSV development experience. Rumors suggest that OKX is currently not involved, as both parties had collaborated extensively in the past, but OKX has launched similar competing products. (Source link)
5. Aethir completes $150 million Pre-A financing, aiming to build a global decentralized GPU cloud infrastructure
Decentralized GPU infrastructure Aethir announced today the completion of Pre-A financing at a $150 million valuation, raising $9 million in this round. The funds will be used to boost Aethir's global expansion in Southeast Asia, Latin America, and North America, as well as to strengthen technology research and application innovation support.

It is reported that this round of financing follows a seed round led by Framework Ventures and Infinity Ventures Crypto, with participation from investors such as Sanctor Capital, Hashkey, Merit Circle, and CitizenX, and support from institutions like Mirana Ventures, Animoca Brands, Momentum6, Big Brain Holdings, Builder Capital, Lapin Digital, Tess Ventures, and Maelstrom (Arthur Hayes).

Founded in 2021 and headquartered in Singapore, Aethir is a decentralized network infrastructure project (Depin) aimed at building a globally scalable GPU cloud infrastructure in a decentralized manner. (Source link)

6. Ethereum dynamic storage expansion project EthStorage completes $7 million financing at a $10 million valuation
Ethereum Layer 2 network data storage solution project EthStorage completed $7 million in seed round financing at a valuation of $10 million. This round was led by dao5, with participation from SevenX Ventures, Foresight Ventures, DragonRoark, Yunjiu Capital, Avant Blockchain Capital, Future Money Group, Gate Ventures, Vitalbridge, Galxe, GeekCartel, Rebase D. Ventures, W3. Hitchhiker, and other angel investors.

EthStorage provides programmable dynamic data storage based on Ethereum data availability technology. The team has received funding from the Ethereum Foundation's Ecosystem Support Program (ESP) twice, for research on data availability sampling and Layer 2 network dynamic data storage proofs. They also won first place in the Super Demo event at the Ethereum Developer Conference (EDCON) held in Montenegro in 2023. All financing funds will be used to expand the team, support research, develop products, enhance branding, and attract more ecosystem partners to use EthStorage.

7. Blockchain infrastructure optimization platform Oumla completes Pre-Seed financing, led by Core Vision
Saudi blockchain infrastructure optimization platform Oumla recently announced the completion of Pre-Seed financing, led by Riyadh venture capital firm Core Vision, which has not disclosed the specific financing amount.

Oumla helps developers build applications on the blockchain more easily by constructing application programming interfaces (APIs) and software development kits (SDKs), currently supporting Bitcoin, Ethereum, and Polygon, with plans to expand to Avalanche, BNB Chain, Solana, and other blockchains in the coming months. (Source link)

III. DeFi

1. Curve ecosystem liquidity platform Conic Finance completes $1 million financing, with investment from Michael Egorov
Curve ecosystem liquidity platform Conic Finance completed $1 million in financing at a valuation of $17 million, with investment from Curve founder Michael Egorov.

It is reported that this round of financing will support Conic's development work. Conic stated that more details about Conic v2 will be shared in the coming weeks. (Source link)

IV. Gaming

1. Crypto GameFi project Kandle.xyz completes $1.7 million seed round financing, with participation from PointOne Capital
According to IndianWeb2, Singapore's crypto GameFi project Kandle.xyz announced the completion of $1.7 million in seed round financing, led by Saama Capital, with participation from PointOne Capital, Cloud Capital, Good Capital, Founder's Room, Seeders Fund, and CoinDCX CEO Sumit Gupta.

Kandle.xyz primarily builds fantasy games based on cryptocurrency incentives, stimulating competition among players through a series of skill competitions. The platform has completed beta testing and will launch more games according to its product roadmap. (Source link)

2. Web3 game Delabs Games completes $4.7 million seed round financing, led by Hashed
Web3 game Delabs Games announced the completion of $4.7 million in seed round financing, led by Hashed, with participation from The Spartan Group, Planetarium, Polygon Labs, and Merit Circle.

Delabs Games stated that it has been developing the games Rumble Racing Star, Space Frontier, and Metabolts since 2021. (Source link)

V. Social

1. Decentralized social functionality platform Passage completes $6 million private token financing, led by Akash Network
Decentralized social functionality platform Passage completed $6 million in private token financing, led by Akash Network, with participation from Druid Ventures, Vitwit, Cosmostation, Hyperchain Capital, Chorus One, and Cogitent Ventures. Passage will use these funds to further develop and build tools.

It is reported that Passage is built on Cosmos and integrated with Sortium's AI technology. It will publicly sell PASG tokens on StreamSwap on August 29 and launch a beta version in the fourth quarter of 2023. (Source link)

2. Multi-chain Web3 infrastructure Dmail Network completes Pre-A financing, with participation from Bixin Ventures
Multi-chain Web3 infrastructure Dmail Network announced the completion of Pre-A financing, with participation from A mino Capital, OIG VC, Draper Dragon, KuCoin Labs, HG Ventures, Spark Digital Capital, Bixin Ventures, Wagmi Ventures, Gate Labs, Kretos Ventures, and Red Swiss, and established partnerships with Vespertine Capital, LoneLine, Lead Capital, TsingTing Capital, Catcher VC, and Black Ventures.

It is reported that Dmail Network aims to provide unified real-time messaging and notification services across multiple chains and applications, helping users stay connected in an evolving digital environment and ensuring easy and seamless access to data and messages. Currently, there are 550,000 registered domain accounts and over 300,000 individual user addresses. (Source link)

3. Sui ecosystem social graph protocol Releap Protocol completes $2.1 million financing
Sui ecosystem decentralized social graph protocol Releap Protocol announced the completion of $2.1 million in financing, with investors including Sui Foundation, GBV Capital, Big Brain Holdings, Shima Capital, Arweave Foundation, Assembly Partners, DWeb3 Capital, Impossible Finance, Solar Eco Fund, and MoveBit.

Releap Protocol stated that it has launched a social-focused ecosystem in the testing phase, which will enable users to regain control over their data. (Source link)

VI. Others

1. Token issuance crowdfunding service provider Financie completes $10.8 million financing and forms capital and business alliance with participating institution TIS Inc.
Financie Inc. has secured a total of 1.5 billion yen (approximately $10.8 million) in financing from TIS Inc., aiming to strengthen business ties with various underwriters. It is reported that Financie has raised a total of over 2.8 billion yen (approximately $20.2 million) from TIS in two rounds of financing. At the same time, both parties have formed a capital and business alliance aimed at achieving financial inclusion and addressing regional issues. Additionally, Financie has hired a former director of Animoca Brands as an advisor to prepare for its global expansion. (Source link)

2. Pet-raising metaverse project The Animal Age completes seed round financing, led by Spark Digital Capital
The pet-raising metaverse project The Animal Age recently completed seed round financing, led by Spark Digital Capital, with participation from Angelist, Alumni Venture, Kraken, Vega Venture, Celo Stellar, Founders Fund, and others. The investment amount has not been disclosed, and the funds raised will be used for product development, community building, and expanding its global team.

It is reported that The Animal Age is based on the real-life cat charity organization "Crazy Cat Club," aiming to create a new pet-raising experience by integrating blockchain technology, gaming, NFTs, and the metaverse. Its first product is a cat-themed pet-raising game. (Source link)
3. Web3 digital music project Hibiki Run completes million-dollar seed round financing, led by Synergis Capital
Web3 digital music project Hibiki Run has completed million-dollar seed round financing, with participating institutions and individual investors including Synergis Capital, NEAR Foundation, BitMart, TKX Capital, String Capital, Gravity Venture Capital, Yi Lu (co-founder of Weibo), AAG Ventures, and FutureMoney Group. The funds from this round of financing will be used to accelerate the project's research and growth.

Hibiki Run stated, "In the 5 months since the app launched, there are over 100,000 NFT holders and more than 20,000 daily active users, with over 7,000 rare NFT holders." Hibiki Run is a gamified digital music platform aimed at bringing the capsule toy culture popular in Japanese communities into Web3, building a highly engaging and scalable P2E social app. Currently, Hibiki Run is hosting multiple Tomo Night offline events in cities like Tokyo and Osaka, and has released collaborative NFT headphones with Japanese artists Canran Sekai, MIYABI, and the Web3 music platform Audius. (Source link)