Last week, there were a total of 19 public financing events in the cryptocurrency market, with a cumulative financing of approximately 132 million USD | Investment and Financing Weekly Report

Organizer: Luan Peng, RootData

According to incomplete statistics from RootData, during the period from July 8 to July 14, 2024, there were a total of 19 public financing events in the blockchain and cryptocurrency industry, with a total financing amount of approximately $132 million.

From the distribution of sectors, the projects that received financing are mainly distributed in the infrastructure, DeFi, and artificial intelligence sectors. Popular projects include blockchain payment and settlement technology company Partior, Solana shared sequencer Rome, cryptocurrency payment startup Kulipa, Telegram crypto gaming ecosystem Pixelverse, and the token distribution protocol ZAP based on Blast.

In addition, the full-chain AI aggregator Aidatify completed its first round of financing of $8.3 million at a valuation of $150 million, with participation from STIX and others.

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

1. Infrastructure

Web3 infrastructure ThirdFi completes $2 million financing, with participation from Techstars and others
Web3 infrastructure ThirdFi has completed a $2 million token investment, with participation from Techstars, Chainlink, Outlier Ventures, Alphabit Capital, and others. Currently, ThirdFi's fully diluted valuation (FDV) has reached $20 million.

It is reported that ThirdFi is a middleware solution focused on multi-chain interoperability and has an all-in-1 API, including API application interface solutions, multi-chain relayers, and cross-chain infrastructure. ThirdFi states that its V2 version is a modular AI for DeFi that captures the growth of developers and users in AI applications (such as AI agents, models, and signals). Over the past two years, ThirdFi has accumulated more than 170,000 users by collaborating with over 50 Web3 communities and protocols, with mainnet and L2 transaction volumes exceeding $46 million. (Source link)

Cryptocurrency payment startup Kulipa completes $3 million seed round financing
According to The Block, cryptocurrency payment startup Kulipa announced earlier this month that it has completed a $3 million seed round financing, led by Fabric Ventures and White Star Capital.

Founded in 2023 and based in Paris, the startup aims to provide a platform for issuing cryptocurrency payment cards for non-custodial wallets. Kulipa can settle stablecoin transactions across multiple blockchains, including Ethereum, various Ethereum Layer 2s, and Solana. Kulipa is one of five blockchain startups in Mastercard's latest Start Path incubator program. (Source link)

Hybrid Layer 2 project BOB completes $1.6 million financing, led by Ledger Ventures
According to The Block, the hybrid Layer 2 project BOB (Build on Bitcoin), powered by Bitcoin and Ethereum, has completed $1.6 million in financing. Ledger Ventures led the round, with angel investors including notable figures from BlackRock, Rarible, Ordinals, Aave, Curve, Threshold, Magic Eden, Mechanism, Injective, Vessel Capital, Babylon, and Centrifuge.

Of the funds raised, $1 million will be allocated to the BOB incubator to support new startups focused on Bitcoin infrastructure and BOB dapps. BOB aims to connect the potential for mass adoption of Bitcoin with Ethereum Virtual Machine (EVM) capabilities and its ecosystem by ensuring security through Bitcoin and enabling users to access dapp, DeFi, and stablecoin aggregation solutions. (Source link)

Solana shared sequencer Rome completes $9 million financing, with participation from Hack VC
Solana shared sequencer Rome has completed $9 million in financing, with participation from Hack VC, Polygon Ventures, HashKey, Portal Ventures, Bankless Ventures, Robot VC, LBank, Anagram, TRGC, Perridon Ventures, and notable angel investors including Anatoly Yakovenko, Nick White, Santiago Santos, Comfy Capital, Austin Federa, and Jason Yanowitz.

Founded by Anil Kumar and Sattvik Kansal, Rome aims to establish Solana as a foundational network for shared sequencing and data availability (DA).

According to RootData, the Rome Protocol is building a shared sequencer network using Solana. The throughput of Solana allows Rome to provide high-performance shared sorting. Rollups do not have to worry about outsourcing their block production affecting user experience. (Source link)

Web3 identity layer idOS completes $4.5 million financing, led by Fabric Ventures
Web3 identity layer idOS has completed $4.5 million in financing, led by Fabric Ventures. idOS has formed alliances with Arbitrum, Circle Ventures, RippleX, GnosisDAO, NEAR Protocol, and others. The alliance aims to develop a Web3 identity layer and promote the adoption of decentralized identity across the Web3 space.

It is reported that idOS is a decentralized data storage and access management protocol. It enables ecosystems to provide an identity layer for dApps to address compliance user onboarding issues and significantly reduce friction. For users, idOS provides control over their data and the ability to decide with whom to share their data. (Source link)

Decentralized AI agent workflow network Questflow Labs completes $1.5 million angel round financing, led by MiraclePlus
According to the official blog, decentralized AI agent workflow network Questflow Labs announced the completion of $1.5 million in angel round financing, led by MiraclePlus, with participation from founders of PAKA, AgentLayer, TypoX, Dmail Network, Chasm, and Litentry. This financing also includes support from the Cohere incubator founded by Transformer author Aidan Gomez, as well as the Web3+AI incubator initiated by Wanxiang and HashKey Capital, along with ecosystem support from Near, Aptos, and Tezos.

Questflow Labs is exploring new directions for decentralized AI agent workflows, aiming to provide users with an integrated solution for user intent perception and distribution, AI agent workflow automation, and human-machine collaboration. Its innovative technology is based on two pillars: a Multi-AI Agent Orchestration (MAO) engine and a decentralized AI agent network. Its self-developed multi-AI agent orchestration framework and model use natural language processing to schedule multiple AI agents, enabling the autonomous completion of tasks through the orchestration of multiple AI agents. (Source link)

2. Gaming

Telegram crypto gaming ecosystem Pixelverse completes another $2 million financing, with participation from Galaxy Interactive and others
According to The Block, the Telegram-based crypto gaming ecosystem Pixelverse has completed another $2 million financing, with participation from Galaxy Interactive, Crit Ventures, and Arc Community, along with notable individual investors in the cryptocurrency field such as Alex Kruger, Luke Belmar, and Mike Dudas. After this round of financing, its total financing amount has reached $7.5 million. (Source link)

Soccerverse completes $3.1 million financing led by gaming giant Square Enix
According to Soccerverse's official Twitter, gaming giant Square Enix has joined the Soccerverse team and led its $3.1 million financing round. This investment will help Soccerverse innovate football management games through blockchain technology, allowing players to build dream teams, trade player influence, and experience the future of football gaming.

Additionally, the Web3 asset data platform RootData shows that Square Enix is one of the most influential video game providers in the world. Its famous game series include: Final Fantasy®, Dragon Quest®, Tomb Raider®, and the legendary Space Invaders®. (Source link)

3. DeFi

Full-chain AI aggregator Aidatify completes $8.3 million first round financing at a $150 million valuation, with participation from STIX and others
According to official news, full-chain AI aggregator Aidatify has completed a total of $8.3 million in first round financing at a valuation of $150 million, with participation from STIX, oilinvest, Alter Global, Spencer, and others.

It is reported that Aidatify is built by the full-chain and DeFi infrastructure VGESS team, and the funds raised will be used to expand investments in the Aidatify ecosystem and products. (Source link)

On-chain credit and yield platform Idle completes $1.1 million financing, led by RockawayX
On-chain credit and yield platform Idle has completed $1.1 million in strategic financing, led by RockawayX, with participation from Fasanara Digital. This round of financing brings Idle's total financing amount to $2.4 million. The company plans to use these funds to further develop on-chain credit infrastructure and more.

Idle is a decentralized autonomous organization (DAO) that provides yield automation and hedging tools for the decentralized finance (DeFi) market. The platform has accumulated $300 million in liquidity, with transaction volumes exceeding $2 billion. (Source link)

Fixed-rate lending protocol Term Finance completes $5.5 million strategic financing, led by Electric Capital
Fixed-rate lending protocol Term Finance has completed $5.5 million in strategic financing, led by Electric Capital, with participation from Arete Capital, Delta Blockchain Fund, Inception Capital, Blizzard Fund, Maelstrom, and others. The funds raised will be used to develop the protocol and accelerate Term's roadmap, simplifying lending through features such as looping, passive lending, automation, and real-time alerts.

It is reported that Term is the first on-chain fixed-rate lending protocol to operate effectively at an institutional scale, providing over $100 million in loans through the protocol, with weekly ongoing seven-figure liquidations.

According to RootData, Term is a non-custodial, scalable fixed-rate lending protocol that uses a novel on-chain auction double-auction mechanism to determine the fixed rates for borrower and lender transactions on the platform. It brings borrowers and lenders together in a fair and transparent auction process to determine a single market clearing rate that all participants will pay or receive, regardless of size. (Source link)

Full-chain stablecoin protocol Satoshi Protocol completes $2 million seed round financing, actively expanding the Bitcoin ecosystem
Bitcoin ecosystem stablecoin Satoshi Protocol has announced the completion of seed round financing. This round of financing totals $2 million, led by CMS Holdings and RockTree Capital, with participation from Cypher Capital, Side Door Ventures, Optic Capital, Metalpha (NASDAQ: MATH, a subsidiary of Bitmain), Outliers Fund, Comma3, as well as angel investors Paul Taylor (ex-BlackRock) and Yenwen Feng (Perpetual Protocol).

Satoshi Protocol is the first over-collateralized stablecoin protocol in the Bitcoin ecosystem. Users can mint the dollar stablecoin $SAT by depositing BTC and LST and earn yields in scenarios such as trading, liquidity pools, and lending at a collateralization rate of 110%. Since its launch three months ago, the protocol has been officially deployed on BEVM and Bitlayer mainnet, and has also connected to testnets such as BOB, Botanix, B², Anduro (incubated by MARA), and Omni Network for closed testing.

The team is committed to expanding the use cases of the SAT stablecoin and has reduced the interest for minting stablecoins to 0%, aiming to encourage users and projects to co-build the BTC ecosystem. The latest announcement states that Satoshi Protocol is developing a runes stablecoin based on the Bitcoin mainnet, and is also collaborating with projects like Omni Network to connect the Bitcoin and Ethereum ecosystems to realize the vision of "full-chain stablecoins." (Source link)

4. Tools

Token distribution protocol ZAP based on Blast completes $15.1 million financing
According to The Block, the token distribution protocol ZAP based on Blast has completed $15.1 million in financing, reaching a valuation of $100 million.

This funding was raised in three recent financing rounds, including a $900,000 seed round financing in December last year, a $2.1 million private placement last month, and $12.1 million in the ongoing "vault sale." The "vault sale" is similar to a node sale, providing buyers with unreleased ZAP tokens, and is expected to ultimately raise a total of $50 million when sold out. (Source link)

Multi-chain search engine Dora completes $5.5 million financing, led by Dragonfly and Lemniscap
According to official news, multi-chain search engine Dora has announced the completion of $5.5 million in financing, led by Dragonfly and Lemniscap, with participation from Robot Ventures, Maven 11, Arche Capital, and others.

It is reported that Dora has created the Dora block explorer and Dora discovery engine to facilitate on-chain adoption and will enhance the interoperability solutions integrated into Dora. (Source link)

5. Others

SocialFi platform RECRD completes $4 million financing, led by Sui Foundation
According to Alexablockchain, SocialFi platform RECRD has announced the completion of $4 million in financing, led by Sui Foundation, with participation from DNA Fund, Alphabit Fund, and angel investors including Netflix co-founder Mitch Lowe and former NBA player Mitch Richmond.

RECRD allows creators and users to convert their content into NFTs and achieve instant monetization through dynamic video interactions. (Source link)

DeFi Technologies signs letter of intent to acquire market maker Stillman Digital
Canadian listed company DeFi Technologies has signed a letter of intent to acquire digital asset liquidity provider Stillman Digital, whose core business includes electronic trading execution, over-the-counter block trading, and market making. According to the letter of intent, DeFi Technologies will acquire all issued and outstanding securities of Stillman Digital in exchange for 2.5 million shares of DeFi Technologies common stock, of which 1 million shares will be subject to a lock-up plan and released quarterly over one year.

Both parties intend to reach a definitive agreement on the acquisition by July 31, 2024. (Source link)

Blockchain payment and settlement technology company Partior completes $60 million financing, led by Peak XV Partners (formerly Sequoia India)
According to Bloomberg, Singapore-based cross-border payment and settlement company Partior has completed $60 million in Series B financing, led by Peak XV Partners (formerly Sequoia India), with other investors including Jump Trading, Valor Capital, and existing shareholders Temasek Holdings Private Limited, JPMorgan Chase, and Standard Chartered Bank. (Source link)