Last week, there were a total of 20 public financing events in the cryptocurrency market, raising approximately 86.09 million USD | Investment and Financing Weekly Report

Organizer: Luan Peng, RootData

According to incomplete statistics from RootData, during the period from August 5 to August 11, 2024, there were a total of 20 public financing events in the blockchain and cryptocurrency industry, with a total financing amount of approximately $86.09 million.

From the perspective of track distribution, the projects that received financing are mainly distributed in the infrastructure and gaming tracks. Popular projects include the ZK-Powered L2 gaming ecosystem project Moonveil, the Web3 AI network DeAgentAI, the ZK trading platform Vessel, the AI agent tool Payman, and the blockchain game infrastructure provider Cartridge.

In addition, the Solana-based DePIN project Andrena completed $18 million in financing, led by Dragonfly.

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

1. Infrastructure

TON blockchain game Televerse completes $1 million seed round financing, led by Summer Capital
According to official news, the innovative mini-game network Televerse based on the TON blockchain announced the completion of $1 million in seed round financing, led by Summer Capital, with participation from Awakening Ventures, PrecisionEdge Capital, and Manta Network founder Victor Ji as angel investors. Televerse has also received incubation support from the Cyberport Creative Micro Fund (CCMF). Televerse will use this new funding to expand its engineering team, enhance platform functionality, and drive user growth within the growing TON ecosystem.

Televerse is developed by experienced leaders from the former WeChat mini-game team and is an innovative mini-game network based on the TON blockchain. The platform introduces unique mechanisms such as Proof-of-PFP to effectively connect game developers and the community. These innovative features will create a vibrant gaming network where both developers and players can thrive and benefit. (Source link)

Parallel Bitcoin Rollup project Nexio completes $2.2 million Pre-Seed round financing, led by Lattice
The parallel Bitcoin Rollup project Nexio completed $2.2 million in Pre-Seed round financing, led by Lattice. This funding will be used to introduce Facebook's Move virtual machine into the Bitcoin ecosystem, addressing smart contract vulnerabilities in EVM-based scaling solutions and multi-signature bridge designs, while reducing transaction costs and increasing transaction throughput. (Source link)

Solana edge data intelligence network 375ai completes $5 million seed round financing
The Solana edge data intelligence network 375ai announced on the X platform that it has completed $5 million in seed round financing, with participation from 6thManVentures, Factor, arca, EV3ventures, primalcm, and Auros_global.

According to Web3 asset data platform RootData, 375ai is an edge data intelligence network built on Solana, providing advanced real-time data collection and analysis to support a smarter and more interconnected world. (Source link)

ZK-Powered L2 gaming ecosystem project Moonveil completes Pre-A round financing, led by Spartan
The gaming ecosystem project Moonveil officially announced the completion of Pre-A round financing, with a total financing amount of $9 million. This financing was led by Spartan, with participation from Gumi Cryptos Capital, Hashkey, Animoca Ventures, Hivemind, and Mask Network.

It is reported that Moonveil is a gaming ecosystem focused on product quality, deeply empowering user experience through ZK-powered L2 blockchain. Its flagship games AstrArk, Bushwhack, and several other games within the ecosystem will soon enter testing. (Source link)

TON ecosystem project TONX announces $4 million financing, mainly from APAC VCs
According to blocktempo, TonX announced on August 8 at The Open Summit held in Taipei that it has secured $4 million in financing, led by SNZ Ventures and Summer Ventures, previously led by TON Ventures.
TONX is a SuperApp platform for developers to expand Web3 applications, aiming to enable developers to quickly create new Web3 economies. It is reported that one of the founders of TONX, Dr. Awesome Doge, is a member of the core development team of TON, and this round of financing is used to consolidate TONX's key position in the Web3 ecosystem. (Source link)
L2 project LYNC completes $1.5 million pre-seed round financing
The consumer-grade Layer 2 LYNC using MOVE Stack completed $1.5 million in pre-seed round financing, with supporters including Movement Labs, Levitate Labs, Smape Capital, Amesten Capital, Aptos, 8186 Capital, and LonghashX. Angel investors include Gabby Dizon from YGG, Rushi Manche and Cooper Scanlon from Movement Labs, Lai Ho Tin from J17 Capital, Bruno Faviero from Magna, Arjun Kalsy from Fuel, and Prashant Maurya from Spheron.

LYNC plans to use this funding to bring the 7 billion smartphone users worldwide into the blockchain and provide a highly scalable mobile application development platform for independent entrepreneurs, developers, and founders. (Source link)

Binance Labs announces investment in Solana ecosystem re-staking protocol Solayer
Binance Labs announced its investment in the Solana ecosystem re-staking protocol Solayer.

According to Web3 asset data platform RootData, Solayer is building a re-staking network on Solana. Solayer utilizes its economic security and quality execution as decentralized cloud infrastructure to achieve a higher degree of consensus and block space customization for application developers. (Source link)

Web3 AI network DeAgentAI completes $6 million seed round financing, led by Web3.com Ventures and Vertex Capital
According to official news, the Web3 AI network DeAgentAI announced that it has successfully completed $6 million in seed round financing. This round of financing was led by Web3.com Ventures and Vertex Capital, with participation from Higgs Capital, Kernel Labs, Waterdrip Capital, Tido Capital, PANONY, CatcherVC, Goplus, UXLINK, and others.

DeAgentAI is committed to building the world's first AI agent intelligent neural network in the Web3 field, relying on its self-developed LLM model and AGI system to address the shortcomings of existing agent systems in meeting users' intrinsic needs. Through its neural network, DeAgentAI can efficiently interpret user intentions and meet user needs with the highest intelligence. (Source link)

2. DeFi

ZK trading platform Vessel completes $10 million seed round financing, with participation from Sequoia Capital and others
The ZK order book trading platform Vessel completed $10 million in seed round financing, with participation from Sequoia Capital, Scroll co-founders Sandy Peng and Ye Zhang, Avalanche Foundation, Algorand Foundation, IMO Ventures, Folius Ventures, Incuba Alpha, and a number of angel investors.

The funds from this round of financing will be used to combine CEX efficiency with DEX transparency, improve liquidity efficiency, and develop advanced ZKP solutions for DeFi. (Source link)

Decentralized solver platform Khalani completes $2.5 million seed round financing, led by Ethereal Ventures
According to CoinDesk, the decentralized solver platform Khalani completed $2.5 million in seed round financing, led by Ethereal Ventures, with participation from Nascent, Figment Capital, Arthur Hayes (through his family office Maelstrom), Jan Xie, Nick White, and others.
According to Web3 asset data platform RootData, Khalani Network is a decentralized solver infrastructure for intent-driven applications. Khalani is an open and permissionless solver collaboration platform that enables intent developers to seamlessly join expressive and always-online solving capabilities. (Source link)

RWA ecosystem Zoth completes $4 million strategic financing, with participation from Taisu Ventures and others
The RWA ecosystem Zoth announced the completion of $4 million in strategic financing, with participation from Taisu Ventures, G20, Fat Cat Ventures, and others. Zoth has also received support from companies such as Coinbase and Hedera, as well as funding from Ripple's XRPL Foundation.

Zoth is developing Atlas, a permissionless yield product aimed at becoming a comprehensive DeFi yield solution. The product is currently in the testnet phase and has gamified RWA indices covering over 1 million wallets on its Berachain and Base networks.

According to Web3 asset data platform RootData, Zoth is an ecosystem connecting traditional finance and on-chain finance liquidity and RWA. The first product ZOTH -- Fixed Income (ZOTH-FI) is an institutional-grade fixed income market that brings RWA such as cross-border trade financing, treasury bills, and sovereign bonds. (Source link)

3. AI

AI liquidity allocation protocol Quantlytica completes €1 million financing, with participation from Web3Port Foundation and others
The AI-driven liquidity allocation protocol Quantlytica completed €1 million in financing, with supporters including Polygon Labs Ecosystem Fund, Web3Port Foundation, Eureka Partners, DWF Ventures, Connectico Capital, ZBS Capital, and others.

Quantlytica aims to simplify the search and construction of optimal funding strategy combinations, addressing the liquidity allocation issues in Web3. By integrating AI models, Quantlytica conducts multi-dimensional learning on DeFi projects and market data, providing various modular tools to make DeFi portfolio construction and testing simple and quick. The funds raised will be used to support protocol development, enhance AI assistance within the ecosystem, and break down liquidity barriers between users and project parties. Previous report, Quantlytica's Q2 points activity was launched on August 2 and will announce the TGE schedule soon. (Source link)

AI agent tool Payman completes $3 million pre-seed round financing, with participation from Visa, Coinbase Ventures, and others
Payman founder Tyllen announced that PaymanAI has completed $3 million in pre-seed round financing, with investors including Visa, Coinbase Ventures, Boost VC, Deepwater Management, The Spartan Group, Untapped VC, Theory Forge VC, and others. Other investors include Protofund VC, Systemic Ventures, Metropolis DAO, as well as Olympic gold medalists Viktor Axelsen, Devin Walsh, Kenneth Kuo, and other angel investors. PaymanAI is committed to ushering in a new era of AI payments to humans, enabling AI to pay humans for completing tasks such as marketing.

In addition, Tyllen stated that PaymanAI supports payments in fiat currency and USDC, with USDC set to launch in a few weeks. (Source link)

4. Gaming

Web3 game studio Curio completes $5.7 million seed round financing, led by SevenX Ventures
According to The Block, Web3 game studio Curio completed $5.7 million in seed financing, led by Bain Capital Crypto and SevenX Ventures, with OKX Ventures participating. This round of financing brings Curio's total financing to $8.7 million.

Curio focuses on building composable infrastructure for on-chain games and plans to use this funding to expand its core team and develop a social strategy game called Duper. (Source link)

Blockchain game infrastructure provider Cartridge completes $7.5 million Series A financing, led by Bitkraft Ventures
According to VentureBeat, blockchain game infrastructure provider Cartridge completed $7.5 million in Series A financing, led by Bitkraft Ventures, with participation from Fabric, Dune, StarkWare, Primitive, and Ergodic.

Cartridge, which provides infrastructure for on-chain games and autonomous worlds, also announced the launch of Dojo 1.0, an open-source development toolkit and framework for building verifiable games. (Source link)

ZK-Powered L2 gaming ecosystem project Moonveil completes Pre-A round financing, led by Spartan
The gaming ecosystem project Moonveil officially announced the completion of Pre-A round financing, with a total financing amount of $9 million. This financing was led by Spartan, with participation from Gumi Cryptos Capital, Hashkey, Animoca Ventures, Hivemind, and Mask Network.

It is reported that Moonveil is a gaming ecosystem focused on product quality, deeply empowering user experience through ZK-powered L2 blockchain. Its flagship games AstrArk, Bushwhack, and several other games within the ecosystem will soon enter testing. (Source link)

Blockchain game infrastructure provider UniWorlds completes seed round financing, with participation from UniSat and others
Blockchain game infrastructure provider UniWorlds completed seed round financing, with participation from UniSat and UGC platforms.

UniWorlds will launch the first BTC ecosystem game creation platform, and it is also the first large application on the BTC expansion solution Fractal Bitcoin developed by the UniSat team. Leveraging Web2 user resources and game content supply capabilities, UniWorlds will provide customizable content and autonomous gamified interaction spaces for various communities within the BTC ecosystem, offering diverse application scenarios for interaction, asset display, and asset application in the Web3 community. (Source link)

5. Others

Solana-based DePIN project Andrena completes $18 million financing, led by Dragonfly
According to The Block, the Solana-based DePIN project Andrena completed $18 million in financing, led by Dragonfly, with participation from CMT Digital, Castle Island Ventures, Wintermute Ventures, 6th Man Ventures, and ParaFi.

Neil Chatterjee, co-founder of Andrena, stated that this round of financing is an extension of the Series A financing, structured with a simple future equity agreement (SAFE) with token warrants. Moreover, this round of financing "significantly oversubscribed," with an initial target of only $5 million, but ultimately raised more funds in batches earlier this year to facilitate the smooth launch of its tokens. (Source link)

Blockchain explorer Blockscout completes $3 million seed round financing, led by 1kx
According to Chainwire, the open-source blockchain explorer Blockscout announced the completion of $3 million in seed round financing, led by 1kx, with participation from Primitive Ventures and Gnosis. Angel investors include Evan Van Ness, Alex Svanevik, Kartik Talwar, Anton Bukov, and Stefan George. Blockscout plans to use this funding to further build its product suite and improve user experience, such as integrating social elements and AI-supported tools directly into the dashboard. It will also be used to simplify the deployment of its Explorer-as-a-Service, support new projects seeking EAAS customization, and deepen engagement with existing chains, providing customizable data to those who need it.

Blockscout is an open-source blockchain explorer suitable for all EVM-based chains. Blockscout has been running on over 600 networks, with a powerful interface for searching blocks, transactions, accounts, and tokens, and provides developers with tools including smart contract verification and access to a suite of optimized APIs. The newly built DAppscout marketplace within Blockscout provides a secure environment for the discovery, exploration, and interaction of decentralized applications. (Source link)