Hotcoin Investment and Financing Weekly Report (8.24–8.30) | A total of 27 public investment and financing events, financing data remains the same as last week

From August 24 to August 30, the cryptocurrency market saw a total of 27 financing events, including 11 in infrastructure, 4 in DeFi, 2 in gaming, 2 in creator economy, 2 in artificial intelligence, 1 in fundraising platforms, 1 in social, 1 in marketing solutions, 1 in CeFi, 1 in DePIN, and 1 in Launchpad.

This week, there were 4 financing rounds exceeding ten million dollars:

• The developer-focused stablecoin API Bridge completed a round of $58 million in financing, with investors including Haun Ventures, Sequoia Capital, and others.
• The decentralized AI computing application network Edge Matrix Chain completed a round of $20 million in financing, with investors including Amber Group, Polygon Labs, and others.
• The Solana re-staking network Solayer completed a seed round financing of $12 million, with investors including Polychain, Binance Labs, and others.
• The decentralized competitive gaming ecosystem Gameplay Galaxy completed an expansion seed round financing of $11.17 million, with investors including Blockchain Capital, Merit Circle, and others.

The investment and financing activity in the cryptocurrency market this week remained steady compared to last week, with 11 in infrastructure and 4 in DeFi. The developer-focused stablecoin API Bridge secured the largest financing this week, amounting to $58 million.

The investment and financing projects this week sorted by financing amount are shown in the figure below:

Infrastructure

1. According to ROOTDATA financing data on 08-29, Bridge completed a round of $58 million in financing, with investors including Haun Ventures, Sequoia Capital, and others. Bridge is building a stablecoin-driven liquidity platform that provides services such as payments, cross-border payments, and currency exchange. Its orchestration and issuance API allows any company or team to offer digital dollar-based services to their end consumers or businesses.
2. According to ROOTDATA financing data on 08-29, Bware Labs completed an undisclosed amount of acquisition financing, with investors including Alchemy. Bware Labs' mission is to create an infrastructure and development ecosystem that helps Web3 builders complete their entire blockchain journey. The first major product developed by Bware Labs is Blast, a blockchain API platform that allows developers to easily access the most relevant networks in the space.
3. According to ROOTDATA financing data on 08-29, Edge Matrix Chain completed a round of $20 million in financing, with investors including Amber Group, Polygon Labs, and others. Edge Matrix Chain is a blockchain and peer-to-peer network-based edge computing protocol that includes features such as smart contracts, decentralized storage, and transaction validation consensus mechanisms. It aims to connect various servers, personal computers, and other devices to form a decentralized computing network. It can serve as infrastructure connecting decentralized computing and dApps, providing users with more flexible, reliable, and efficient computing resources, enabling them to share computing resources and collaboratively process data.
4. According to ROOTDATA financing data on 08-29, Quai Network completed a strategic financing round of $5 million, with investors including MH Ventures, Cogitent Ventures, and others. Quai Network is an open-source proof-of-work blockchain network that utilizes merged mining to enhance throughput and security. Users of Quai Network will enjoy fast transaction times without compromising decentralization and security. Miners will have competitive mining opportunities across many blockchains within the network.
5. According to ROOTDATA financing data on 08-29, double jump.tokyo completed a $10 million Series D financing round, with investors including SBI Investment, Taisu Ventures, and others. double jump.tokyo is a blockchain game development platform that provides a program to help game developers build blockchain games. The company collaborates with leading gaming companies to co-develop blockchain games, establishing a robust blockchain infrastructure and nurturing NFT projects with well-known IPs.
6. According to ROOTDATA financing data on 08-27, Solayer completed a seed round financing of $12 million, with investors including Polychain, Binance Labs, and others. Solayer is building a re-staking network on Solana. Solayer leverages its economic security and quality execution as decentralized cloud infrastructure to achieve a higher degree of consensus and block space customization for application developers.
7. According to ROOTDATA financing data on 08-27, SOON completed an undisclosed amount of financing, with investors including Anatoly Yakovenko, Lily Liu, and others. SOON is an SVM network that allows any SVM L2 to be deployed on any L1.
8. According to ROOTDATA financing data on 08-27, Space and Time completed a Series A financing round of $20 million, with investors including Framework Ventures, Arrington Capital, and others. Space and Time is a web3-native decentralized data platform that supports low-latency queries and tamper-proof analytics across Web3. Dapps built on Space and Time become blockchain interoperable, processing SQL + machine learning for gaming/DeFi data and any decentralized applications requiring verifiable tamper-proof, blockchain security, or enterprise scale.
9. According to ROOTDATA financing data on 08-26, OneBalance completed a financing round of $5 million, with investors including Vasiliy Shapovalov, banteg, and others. OneBalance is a new framework for trusted accounts—combining chain abstraction, gas abstraction, and permission management to address the fragmented Web3 user experience.
10. According to ROOTDATA financing data on 08-26, bolt completed a seed round financing of $4.6 million, with investors including cyber Fund, Maven11, and others. Bolt enables Ethereum block proposers to make credible commitments about their block content. The system aims to improve the user experience and censorship resistance of Ethereum by unlocking new protocol-level primitives (such as pre-confirmation and inclusion lists). Ultimately, this will add value to differentiated block space for users and applications and provide more rewards for validators.
11. According to ROOTDATA financing data on 08-24, Nautilus Chain completed an undisclosed amount of acquisition financing, with investors including 3Base. Nautilus Chain is a modular blockchain built on Eclipse, combining the speed of Solana with the decentralization and security of Ethereum, becoming the fastest available EVM chain capable of parallel transaction processing. With Nautilus, Web3 technology will have the reliability and scalability needed to replace traditional global payment systems. The project is a successor to Zebec Chain.

DeFi

1. According to ROOTDATA financing data on 08-29, Level completed a financing round of $3.6 million, with investors including Dragonfly, Polychain, and others. Level is a stablecoin protocol supported by re-staked dollar tokens such as USDT and USDC. Level USD (lvlUSD) is a liquidity-re-staked dollar: a cross-chain dollar token that generates yield, supported 1:1 by re-staked stablecoins.
2. According to ROOTDATA financing data on 08-27, Echelon Market completed a seed round financing of $3.5 million, with investors including Amber Group, Cypher Capital, and others. Echelon is a decentralized financial market written in the Move programming language. Its users can indirectly lend and borrow assets through non-custodial pools to earn interest or increase purchasing power through leverage.
3. According to ROOTDATA financing data on 08-26, Origami Finance completed a seed round financing of $1.5 million, with investors including Ouroboros Capital, Fjord Foundry, and others. Origami is an automated leverage protocol designed to potentially increase returns by allowing users to increase their token exposure while maximizing capital efficiency between lenders and borrowers. Origami can enhance yields through leverage and automatic compounding (also known as folding).
4. According to ROOTDATA financing data on 08-26, BTA Protocol completed a Series A financing round of $1.5 million, with investors including Athena Ventures, coinIX, and others. BTA Protocol is a decentralized ecosystem protocol based on BTC, providing applications such as staking protocols, liquidity protocols, range stability protocols, launch pools, and lending protocols.

Gaming

1. According to ROOTDATA financing data on 08-28, SnakeLite completed a multi-million dollar financing round, with investors including Mirana Ventures, HTX Ventures, and others. SnakeLite is a Telegram-based Tap-to-Earn GameFi. SnakeLite offers a fun and innovative way for players to explore the Web3 metaverse and participate in challenges, earning tokens with just a tap on the screen.
2. According to ROOTDATA financing data on 08-28, Gameplay Galaxy completed an expansion seed round financing of $11.17 million, with investors including Blockchain Capital, Merit Circle, and others. Gameplay Galaxy is a decentralized competitive gaming ecosystem. Developed by the creators of the leading blockbuster Web2 game series Trial Xtreme, which has over 250 million downloads across various motorcycle racing games, Gameplay Galaxy allows players to own, buy, and sell vehicles, tracks, characters, studios, and other items as NFTs in a seamless and direct manner.

Creator Economy

1. According to ROOTDATA financing data on 08-28, myco completed a Series A financing round of $10 million, with investors including Aptos, Ghaf Capital Partners, and others. myco is a web3 video streaming, financing, production, and distribution platform where audiences can earn money by watching content, and creators can earn money by creating content. myco supports audiences and creators in a fully decentralized video ecosystem through real-time monetization, crowdfunding, gated NFTs, and partial ownership of content. myco also pioneers premium content experiences by creating Cineverse (cinemas in the metaverse).
2. According to ROOTDATA financing data on 08-29, Mereo completed an undisclosed amount of strategic financing, with investors including Aptos. Mereo is revolutionizing fan engagement by enabling IP owners to identify and create more engaged fans. As an experiential social platform, Mereo allows fans to benefit from their reputation. By bringing the intangible value of community actions on-chain, Mereo aims to convert these actions into redeemable real-world assets and experiences.

Artificial Intelligence

1. According to ROOTDATA financing data on 08-30, Adot completed an undisclosed amount of strategic financing, with investors including Aptos. Adot is a decentralized AI internet search network. It not only provides users with a more convenient and intelligent Web3 content search experience but also helps developers quickly build their personalized search functions. Adot's mission is to create a decentralized search network that comprehensively surpasses traditional search engines, making all quality data accessible to every user and developer.
2. According to ROOTDATA financing data on 08-27, Nectar AI completed a financing round of $3.9 million, with investors including Mechanism Capital, Karatage, and others. Nectar AI is a Web3 AI immersive companion that provides on-chain and off-chain integrated experiences, allowing users to create uncensored and replicable multimodal AI companions in realistic or animated styles. By detecting user intent and responding appropriately with images or text within seconds, users can deeply customize their characters. Creators retain full IP ownership of their assets and can monetize without permission.

Others

1. According to ROOTDATA financing data on 08-27, LEGION completed a seed round financing of $2 million, with investors including cyber Fund, Delphi Digital, and others. Legion enables retail investors to invest in on-chain fundraising through regulatory compliance and investor accountability. Projects using Legion can customize allocations, whitelists, discounts, etc., based on each investor's on-chain and off-chain standards, thereby building an organic and resilient supporter community. Each user on Legion is assigned a Legion score, along with subcomponent scores and achievements, reflecting their ability to add value in multiple areas and significantly reducing bot and Sybil activity. These reputation scores change based on how investors support the projects they invest in, thereby curbing short-term, value-extracting behavior.
2. According to ROOTDATA financing data on 08-29, time.fun completed a seed round financing of $3 million, with investors including Brevan Howard Digital, Coinbase Ventures, and others. time.fun is a time tokenization platform that allows time holders to connect with fans. As time holders provide more value to fans, the value of their time naturally increases due to market demand. Whenever someone trades their time, time holders can earn ETH from transaction fees and redemptions.
3. According to ROOTDATA financing data on 08-30, Verofax completed a financing round of $3 million, with investors including Plug & Play Tech Center, Navig8 Group, and others. Verofax is a Web3 service provider that leverages Web3 technologies (such as augmented reality, blockchain, and artificial intelligence) to enhance the marketing experience for visitors, shoppers, and brands.
4. According to ROOTDATA financing data on 08-29, Neverless completed a pre-seed round financing of $6.7 million, with unknown investors. Neverless is a crypto trading platform launched by former executives of Revolut, supporting automated investment accounts. Neverless allows users to trade cryptocurrencies with zero fees. The company is registered with the Bank of Spain as a virtual asset service provider (VASP).
5. According to ROOTDATA financing data on 08-24, ATT completed an undisclosed amount of financing, with investors including Waterdrip Capital. Advertising Time Token (ATT) is a Web3.0 project that integrates RWA and DePin technologies, utilizing a unique DA-AIOT-P (Decentralized Assets - AI Internet of Things - Payment) mechanism to build a new digital advertising ecosystem that combines physical advertising assets, e-commerce merchants, user resources, and digital technology. This ecosystem currently centers around an LED screen in Lan Kwai Fong, Hong Kong, and is expanding into key commercial areas in Southeast Asia, Japan, South Korea, and Europe.
6. According to ROOTDATA financing data on 08-26, BSCS completed an undisclosed amount of strategic financing, with investors including K300 Ventures. BSCS (BSCStation) is a one-stop incubation center for blockchain startups, providing services including BSCSwap, IDO Launchpad, yield farming, NFT auctions, and markets, especially focusing on the incubation of blockchain startups.