Last week, there were a total of 19 public financing events in the cryptocurrency market, raising approximately $119.5 million | Investment and Financing Weekly Report

Organized by: Fairy, RootData

According to incomplete statistics from RootData, during the period from June 17 to June 23, 2024, there were a total of 19 public financing events in the blockchain and cryptocurrency industry, with a total financing of approximately $119.5 million.

From the perspective of track distribution, the projects that received financing were mainly distributed in the gaming, infrastructure, and DeFi tracks. Popular projects include the modular L1 blockchain Particle Network, the Solana-based gaming chain Sonic, the EigenLayer-based re-staking protocol Renzo Protocol, and the application chain Gudchain designed to promote the use of blockchain games.

In addition, the Web3 talent marketplace Bondex announced that it has completed over $10 million in financing, with participation from Animoca Brands, Morningstar, Dext Force Ventures, and iAngels. Bondex aims to become a gamified version of the professional social network LinkedIn.

*（List of projects with financing greater than $5 million last week, data source: * Rootdata）

1. Infrastructure

DePIN developer Verida completes $5 million seed round financing, with participation from Simurg Labs and others

DePIN network developer Verida has completed a $5 million seed round financing, with participation from O-DE Capital Partners, ChaiTech Ventures, Simurg Labs, Gate Labs, HASH CIB, Bison Capital, Amesten Capital, and Evan Cheng from Mysten Labs. The post-financing valuation reached $50 million, and the funds will be used to develop Verida's personal data storage infrastructure, providing decentralized storage and encryption services for users' personal information. (Source link)

Modular blockchain Particle Network completes $15 million Series A financing, led by Spartan Group

Modular blockchain Particle Network announced the completion of $15 million in Series A financing, co-led by Spartan Group and Gumi Cryptos Capital, with participation from SevenX Ventures, Morningstar Ventures, Flow Traders, HashKey Capital, and others. This round of financing was completed through a Simple Agreement for Future Tokens (SAFT).

It is reported that Particle's main product is the "Universal Account," which allows users to use funds from different blockchains and trade. (Source link)

Decentralized AI L2 blockchain network AgentLayer raises $1.5 million in seed round financing

Decentralized AI L2 blockchain network AgentLayer has raised $1.5 million in seed round financing, with participation from Angel Investors, Web3.com Ventures, MH Ventures, and Zephyrus Capital. The funds will be used for in-depth research and extensive promotion of the AgentLayer decentralized AI ecosystem. (Source link)

Solana atomic SVM Layer2 Sonic completes $12 million Series A financing, led by Bitkraft

Solana atomic SVM Layer2 Sonic has completed $12 million in Series A financing, led by Bitkraft, with participation from Galaxy Interactive, Big Brain Holdings, Matt Sorg (founding team of Solana), Nom (Bonk), and several other institutions and individuals. The funds will be used to promote Sonic's product upgrades and ecological expansion. Sonic is about to launch a testnet incentive program, inviting users to experience its various ecological games on the testnet and have the opportunity to receive token airdrops. (Source link)

Layer 1 network Decent Land Labs completes $3 million financing, with participation from LD Capital and others

Decent Land Labs, a sovereign Layer 1 blockchain development company focused on solving EVM storage issues, announced the completion of $3 million in financing, with participation from Foresight Ventures, LD Capital, Big Brain Holdings, Longhash Ventures, and Web3.com Ventures.

Decent Land Labs aims to combine EVM compatibility with Arweave's scalable storage, providing permanent data storage and complete interoperability for EVM and Arweave blockchain developers. The company reportedly launched an EVM data indexer on AO in May this year and is currently developing the first EVM to AO bridging feature. (Source link)

2. Gaming

Blockchain gaming platform Gudchain completes $5 million financing, led by Mechanism Capital

Blockchain gaming platform Gudchain announced that it has raised $5 million from cryptocurrency investment institutions. The round was led by Mechanism Capital, with participation from Morningstar Ventures, Manifold, SkyVision Capital, and others.

The team aims to bring GameFi into the mainstream through parallel gaming chains. (Source link)

Animoca Brands announces investment in game developer Saltwater Games

Animoca Brands announced its participation in the SAFT seed round financing for Saltwater Games' token XR.

Saltwater Games is a UK-based game studio and publisher composed of three game studios: Nexus Labs, focusing on developing and publishing Web3, community-driven, real-time service games; Maze Theory, a high-end VR and spatial game development studio; and Saltwater Labs, an innovative studio dedicated to developing emerging technologies in Web3 and AI. (Source link)

Web3 gaming platform Farworld Labs completes $1.75 million financing, led by Variant

Web3 gaming platform Farworld Labs has completed $1.75 million in financing, co-led by Lemniscap and Variant, with participation from Base Ecosystem Fund and Coinbase Ventures. The funds will be used to release products in the third quarter and launch its decentralized Farcade platform for developers to build Web3 games. (Source link)

3. DeFi

Bitcoin DeFi protocol Ordinox completes $1 million pre-seed round financing, with participation from UTXO Management and others

Bitcoin DeFi protocol Ordinox has completed $1 million in pre-seed round financing, with participation from UTXO Management, Digital Asset Capital Management, CMS Holdings, Sats Ventures, Hidden Street, and STS Digital, along with angel investors including BRC20 founder Domo.

It is reported that Ordinox provides DeFi services on Bitcoin through native liquidity pools supported by Cosmos SDK. (Source link)

Router Protocol completes new round of financing, new funds will be used for Layer1 blockchain Router Chain

Cross-chain interoperability protocol Router Protocol announced the completion of a new round of financing, with specific amounts not disclosed. The new funds will be used to operate its Layer1 blockchain Router Chain, thereby separating from the Binance and Polygon ecosystems, and will also support cross-chain services for Ethereum and BNB Chain, expanding cross-chain capabilities to more networks. (Source link)

Cross-chain DEX and bridging aggregator Rango completes new round of financing, led by Binance Labs

Cross-chain DEX and bridging aggregator Rango announced on the X platform that it has completed a new round of financing, led by Binance Labs, with participation from Nomad Capital and Foresight Ventures.

Additionally, the Web3 asset data platform RootData shows that Rango is a cross-chain DEX aggregator that combines the powerful features of blockchain DEX aggregators with multiple bridges and cross-chain liquidity providers to offer users better liquidity. (Source link)

Liquidity re-staking protocol Renzo completes $17 million financing, led by Galaxy Ventures and others

Liquidity re-staking protocol Renzo announced the completion of $17 million in financing, which was divided into two rounds, with the first round led by Galaxy Ventures and the second round led by Abu Dhabi-based Nova Fund -- BH Digital.

Previously, Renzo also secured $3.2 million in investments through Maven11, Figment Capital, and Binance Labs. (Source link)

Leverage trading protocol Wasabi completes $3 million seed round financing, led by Electric Capital

Memecoin and NFT leverage trading protocol Wasabi has completed $3 million in seed round financing, led by Electric Capital, with participation from Alliance, Luca Netz, Santiago Santos, Zagabond, DCF God, and others. The Wasabi protocol can be used on Ethereum and Ethereum L2 Blast.

Since January, Wasabi's trading volume has exceeded $500 million. Wasabi is hiring smart contract engineers, backend developers, quantitative engineers, and operations managers, and plans to expand its current team of 6 to 10 in the near future. (Source link)

Social

Decentralized social collaboration network Zeek completes $3 million seed round financing, with participation from OKX Ventures and others

Decentralized social collaboration network Zeek has completed $3 million in seed round financing, with investors including OKX Ventures, Animoca Brands, and Mask Network.

It is reported that Zeek aims to change the way social collaboration works in SocialFi by establishing a reputation mechanism. Zeek is expected to launch in July, with its private beta running now, and a limited edition of 250 Tier-0 Genesis NFTs will be available for sale later this month. (Source link)

Others

Web3 retail platform Bring completes $1.1 million SAFE round financing, with participation from Starkware

Web3 retail platform Bring announced the completion of $1.1 million in SAFE round financing, with participation from Starkware.

It is reported that Bring currently supports cashback for purchases of fashion, electronics, health and beauty, travel services, and other products at 450 retailers, and Web3 wallets and exchanges have integrated Bring's white-label solution to provide cashback services to users. (Source link)

Web3 talent marketplace Bondex has completed over $10 million in financing, with participation from Animoca Brands and others

According to The Block, the Web3 talent marketplace Bondex announced that it has completed over $10 million in financing, with participation from Animoca Brands, Morningstar, Dext Force Ventures, and iAngels.

It is reported that Bondex aims to become a gamified version of the professional social network LinkedIn. (Source link)

NFT art platform Artfi completes new round of financing, with participation from DWF Ventures

According to official news, NFT art platform Artfi announced the completion of a new round of financing, with participation from DWF Ventures, with specific amounts not disclosed. (Source link)

Crypto research platform SoSo Value completes $4.15 million seed round financing, led by HongShan

Singapore-based crypto financial research startup SoSoValue announced the completion of $4.15 million in seed round financing, led by HongShan, with participating investment institutions including GSR Markets, Alumni Ventures, CoinSummer Labs, and OnePiece Labs. Additionally, founders of top Web3 and AI tech companies, as well as early Ethereum investors and Gitcoin co-founders, also participated in this round of financing. (Source link)

Crypto security startup PQShield completes $37 million Series B financing, led by Addition

Crypto security startup PQShield announced the completion of $37 million in Series B financing, led by Addition, with participation from Braavos Capital, Legal & General, and Chevron Technology Ventures. The new funds will be used to hire more employees and foster closer working relationships with partners and clients.

It is reported that PQShield's technology is designed to protect cryptographic systems from quantum computer-based hacking, with notable clients including Nvidia and AMD. (Source link)