Last week, there were a total of 12 public financing events in the cryptocurrency market, with a cumulative financing of approximately 54.65 million USD | Investment and Financing Weekly Report
The AI infrastructure platform Mahojin has completed a $5 million financing round, co-led by a16z CSX and Maelstrom; MEET48 has completed a token round financing, led by Liang Xinjun, Hash Global, and Hashkey Capital;Organizer: Luan Peng, RootData
According to incomplete statistics from RootData, between March 31 and April 6, 2025, there were a total of 12 public financing events in the blockchain and cryptocurrency industry, with a cumulative financing of approximately $54.65 million.
From the perspective of sector distribution, the projects that received financing are mainly concentrated in the infrastructure and AI sectors. Popular projects include the blockchain gaming platform Ultra, the AI infrastructure protocol Cambrian Network, the stablecoin blockchain startup Codex, and the AI infrastructure platform Mahojin.
According to official news from Morph, the on-chain AI proxy fund bAI Fund has received an investment of $1 million from Morph and Foresight Ventures.
*(List of projects with financing greater than $5 million last week, data source: * Rootdata）
1. Infrastructure
Blockchain gaming platform Ultra completes $12 million financing, NOIA Capital participates
The blockchain gaming platform Ultra announced the completion of a new round of financing totaling $12 million, with Luxembourg-based NOIA Capital participating through its digital asset fund. Additionally, the company announced the appointment of former Circle Strategies partner Maxime van Steenberghe as Chief Operating Officer. The new funds will be used to support its blockchain-based game distribution platform similar to Stream, as well as to recruit talent, expand and upgrade the platform, and make strategic acquisitions.
According to official news from Morph, the on-chain AI proxy fund bAI Fund has received an investment of $1 million from Morph and Foresight Ventures.
It is reported that bAI Fund is an on-chain proxy fund operating in a trusted execution environment (TEE), integrating quantitative trading, investment, and marketing to create a diversified AI proxy ecosystem. The fund helps creators independently issue AI proxy tokens and promotes decentralized governance.
According to CoinDesk, Ambient has completed a $7.2 million seed round financing, with participation from a16z's crypto accelerator program, Delphi Digital, and Amber Group.
Ambient aims to combine artificial intelligence technology to provide fast, cheap, and open intelligent services. The project employs a proof-of-work mechanism similar to Bitcoin and operates in a manner similar to the Solana network.
2. AI
According to official news, the AI infrastructure protocol Cambrian Network has announced the completion of a $5.9 million seed round financing, led by a16z Crypto Startup Accelerator (CSX), with participation from Blockchain Builders and angel investors in The Graph ecosystem.
Cambrian aims to build intelligent infrastructure for AI financial agents, empowering AI agents to make smarter market predictions and financial decisions by integrating on-chain and off-chain data. The project was founded by former members of The Graph and Semiotic Labs, and has now launched private testing with plans to release a testnet.
AI infrastructure platform Mahojin completes $5 million financing, a16z CSX and Maelstrom co-lead
AI infrastructure platform Mahojin announced the completion of $5 million in financing, co-led by a16z CSX and Maelstrom.
Mahojin aims to create a "GitHub" for AI model creators and dataset developers, enabling intellectual property tracking and compensating original contributors of models and datasets.
3. Social
MEET48 completes token round financing, Liang Xinjun, Hash Global, and Hashkey Capital lead
Focusing on the entertainment sector, the AI-Agent and AIUGC creator and fan economy community MEET48 announced the completion of token round financing, with a fully diluted valuation of $100 million. Liang Xinjun, co-founder of Fosun Group, Hash Global, and HashKey Capital led the round, with participation from Animoca Brands, Infinity Labs, Promontory, Oak Grove, and several Web3 individuals. The new funds will be used to support the development of its team and related AI products. The MEET48 ecosystem community will provide users with one-click customization of autonomous interactive virtual idol AI Idol-Agents, enabling chatting, live streaming, virtual performances, and more, while efficiently generating AI text, images, songs, and dance content using AIGC technology in the virtual music and dance vertical. Additionally, the community will offer AI-specific creation tools AIShowBOX, supporting 3D avatar customization, intelligent choreography, and other deep creations, assisting users in automated operations and global dissemination of Idol-Agents.
The MEME cultivation and launch platform MarsProtocol, which supports the MEET48 community, will launch on the BNB Chain, providing a tokenized trading platform for meme creators and serving as a source for AI creators in the entire ecosystem. Furthermore, the AI-AGENT social base MEET48 Metaverse, the AI-AGENT large-scale music and dance simulation game, and the AI-AGENT large-scale casual game will also be launched successively, all using the same governance token for community incentives.
4. Others
Stablecoin blockchain startup Codex announced the completion of $15.8 million in seed round financing, led by Dragonfly Capital, with participation from Coinbase, Circle, Cumberland, Wintermute, and Selini Capital, among others. Dragonfly invested approximately $14 million in this round.
Backpack completes acquisition of FTX EU, launches user fund return process today
The globally compliant cryptocurrency trading platform Backpack announced the formal completion of its acquisition of FTX EU. Effective immediately, Backpack EU has officially launched the asset reclamation and fund distribution process, providing former FTX EU users with clear and convenient fund return services to help them recover previously frozen fiat assets.
Following the completion of this acquisition, Backpack will reactivate the licenses held by FTX EU and will provide comprehensive cryptocurrency derivatives trading services across the European Union in the future.
