Hotcoin Investment and Financing Weekly Report (08.31–09.06) | A total of 17 public investment and financing events, with the number of financing deals halved and the amount decreased

From August 31 to September 6, the crypto market saw a total of 17 investment and financing events, including 3 in DeFi, 3 in gaming, 2 in DePIN, 2 in social, 2 in infrastructure, 2 in tools, 1 in CeFi, 1 in creator economy, and 1 in security solutions.

This week, there were 2 financing events exceeding ten million dollars:

• The blockchain gaming platform Balance completed a $30 million financing round, with investors including a16z and Galaxy Interactive.
• The crypto security company Hypernative completed a $16 million Series A financing round, with investors including Quantstamp and Borderless Capital.

The investment and financing activity in the crypto market this week saw a significant decline compared to last week, with a more dispersed investment landscape and reduced amounts. The blockchain gaming platform Balance secured the largest financing this week, amounting to $30 million.

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

DeFi

1. According to ROOTDATA investment and financing data on 09-05, Dropnest completed a financing round with an unknown amount, with investors including Manta Network. Dropnest is a one-stop airdrop application that provides users with a one-click airdrop interaction experience. Dropnest transfers users' funds into a secure smart vault and then hands them over to Dropnest farmers. Dropnest handles all the heavy lifting by interacting with protocols on behalf of users. When a protocol releases an airdrop, Dropnest refunds the user's initial investment along with a share of the airdrop rewards.
2. According to ROOTDATA investment and financing data on 09-05, Vanilla Finance completed a strategic financing round with an unknown amount, with investors including HTX Ventures. Vanilla Finance is a decentralized derivatives trading platform that offers leverage of up to 10,000 times without liquidation.
3. According to ROOTDATA investment and financing data on 09-02, Pencils Protocol completed a strategic financing round with an unknown amount, with investors including Taisu Ventures and Bing Ventures. Pencils Protocol is the next-generation decentralized platform that provides auction services for blockchain-native assets and RWAs, offering users a unified leveraged yield aggregation service to maximize asset utilization.

Gaming

1. According to ROOTDATA investment and financing data on 09-05, Balance completed a $30 million financing round, with investors including a16z and Galaxy Interactive. Balance is a Web3 platform focused on blockchain gaming, launched by the E-PAL team. Balance leverages a pool of 2.4 million Web2 users, aiming to bring revolutionary innovations and transformations to the gaming industry through blockchain and AI technologies. By integrating the additional dimensions and advantages of AI and blockchain technology, developers can more easily build and promote their games, while players can enjoy a more diverse and personalized gaming experience.
2. According to ROOTDATA investment and financing data on 09-03, Yooldo completed a financing round with an unknown amount, with investors including The Linea Ecosystem Investment Alliance. Yooldo is a diverse content and P2E gaming platform that aims to create a sustainable P2E gaming ecosystem, allowing users to enjoy a pleasant experience while gaining and sharing social and economic benefits. The platform also aims to become a metaverse workplace where gaming enthusiasts can build their gaming careers.
3. According to ROOTDATA investment and financing data on 09-03, CryptoHunter World completed a $2.8 million private placement financing round, with investors including IOST and HG Ventures. CryptoHunter World is a GPS-based RPG game where players encounter, collect, and battle digital creatures called Cryptids that form the core of the game. The game offers two modes: free users can enjoy adventure mode, while blockchain players can enjoy hunter mode.

DePIN

1. According to ROOTDATA investment and financing data on 09-05, Puffpaw completed a $6 million seed financing round, with investors including Lemniscap and Spartan Group. Puffpaw is a dePIN project on Berachain that aims to bring e-cigarettes on-chain. Puffpaw is creating a unique e-cigarette to monitor smoking activities and gamify the entire experience to incentivize people to quit smoking.
2. According to ROOTDATA investment and financing data on 09-03, onocoy completed a $940,000 strategic financing round, with investors including Smart Island Capital and Thomas Seiler. onocoy is a community-supported GNSS reference station network that provides high-quality RTK corrections for ultra-precise positioning. onocoy incentivizes reference station operators through rewards to ensure high-quality RTK correction data. The community is rapidly growing into the world's densest GNSS reference station network, becoming a shared infrastructure for the high-precision GNSS industry. Stakeholder participation in network ownership and governance ensures adequate attention to user and market needs. onocoy aims to achieve large-scale adoption of high-precision positioning using distributed ledger technology.

Social

1. According to ROOTDATA investment and financing data on 09-03, 0xPPL completed a strategic financing round with an unknown amount, with investors including Alliance DAO and Peak XV Partners. 0xPPL.com is a decentralized social network aimed at cryptocurrency natives.
2. According to ROOTDATA investment and financing data on 09-03, UXLINK completed a financing round with an unknown amount, with investors including Animoca Brands. UXLINK is an innovative web3 social system designed for mass adoption, allowing users to build social assets and trade cryptocurrencies. It includes a range of highly modular Dapps, from onboarding to graphical formation, group tools to social trading, all seamlessly integrated within Telegram.

Infrastructure

1. According to ROOTDATA investment and financing data on 09-04, Cycle Network completed a strategic financing round with an unknown amount, with investors including Manta Network and Summer Ventures. Cycle Network is a comprehensive trustless distributed ledger that supports all BTC and EVM networks, allowing developers to create their dApps on new layers without having to recreate code across different chains. By abstracting accounts, users will no longer need to use private keys or seeds to use DApps, thereby reducing the gas fees involved. This enables users to interact and transact across chains and dApps in a trustless, secure, and full-chain environment without bridging.
2. According to ROOTDATA investment and financing data on 09-02, Kroma completed a Series A financing round with an unknown amount, with investors including Spartan Group and Waterdrip Capital. Kroma is a universal ZK Rollup based on the Optimism Bedrock architecture, developed by Lightscale. Initially, Kroma used a Scroll-based zkEVM, operating as an Optimistic Rollup with ZK fault proof. Kroma aims to transition to ZK Rollup once the generation of ZK proofs becomes more cost-effective and faster. Kroma is deployed on the Sepolia testnet for further testing and optimization.

Tools

1. According to ROOTDATA investment and financing data on 09-05, Arris completed a financing round with an unknown amount, with investors including Cryptogram Venture and Dmail. Arris is an on-chain interactive aggregation growth platform aimed at creating a DeFi ecological aggregation airdrop platform that integrates DEX, IMO, and DAO.
2. According to ROOTDATA investment and financing data on 09-02, TrendX completed a $5 million Series A financing round, with investors including Coresky and Tido Capital. TrendX is an AI-driven one-stop platform for Web3 trend tracking and smart trading, utilizing large language models and AI technology to identify market trends and seamlessly integrate with smart trading, aiming to become a next-generation AI trading platform for the future 1 billion users entering Web3 to check projects, find hotspots, observe trends, and engage in primary and secondary trading.

Others

1. According to ROOTDATA investment and financing data on 09-06, Blabla completed a seed financing round with an unknown amount, with investors including Blockchain Association of Europe and Hopechain. BlaBla is a SocialFi project created by former members of the TikTok and Meta teams. It is backed by Morse and is the first DAPP in the Morse ecosystem. BlaBla is implementing a decentralized model and a transparent reward system, allowing every user and creator to receive a fair share. Users earn tokens by watching, interacting with, and sharing content, while creators benefit from tips directly provided by users.
2. According to ROOTDATA investment and financing data on 09-03, Hypernative completed a $16 million Series A financing round, with investors including Quantstamp and Borderless Capital. Hypernative is a crypto security company that prevents network threats, economic and governance risks, and protects digital asset managers, protocols, and Web3 applications from significant losses. Supported by its "pre-cog" platform, Hypernative uses proprietary machine learning models to monitor on-chain and off-chain data sources to accurately predict network, economic, governance, and community threats before they have an impact.
3. According to ROOTDATA investment and financing data on 09-02, IDA completed a $6 million seed financing round, with investors including Hashed and CMCC Global. IDA is a digital asset technology company that helps enterprises seamlessly integrate Web2 and Web3. HKDA is a fiat-referenced stablecoin built on a public blockchain protocol, which will be the first product launched by IDA. HKDA aims to enhance digital connectivity and facilitate seamless business and payments between Hong Kong and global markets 24/7/365.