ChainCatcher news, according to The Block, generative AI storytelling startup Sekai announced the completion of a $3.1 million seed round financing, led by Hashed.Sekai aims to transform storytelling into a "multiplayer experience" using Story Protocol, allowing aspiring storytellers to collaborate with others on its platform with the help of generative AI. At the same time, Sekai hopes to empower creators to protect their intellectual property and profit from their creations.

ChainCatcher news, Simon Kim, CEO of South Korea's largest crypto venture capital firm Hashed, pointed out that with the postponement of cryptocurrency taxation in South Korea for another two years, the institutionalization process in the country's cryptocurrency and Web3 sectors is expected to accelerate. Kim listed several anticipated policies, including allowing companies to open cryptocurrency accounts, opening up participation for institutional investors in cryptocurrency investments, permitting the issuance of tokens in South Korea, and releasing a regulatory framework for STO/RWA.Other important policy directions include establishing guidelines related to stablecoins, creating accounting standards for virtual assets, segmenting professional fields such as custody, recognizing cryptocurrency companies as venture capital firms (currently regarded as part of the gambling industry), allowing South Korean exchanges to access overseas users, and lifting restrictions on South Korean companies' investments in overseas blockchain firms.

ChainCatcher news, Ryan Kim, founding partner of the crypto investment firm Hashed, stated on social media that in 2014, Ripple Labs sold XRP in South Korea through the "Ripple Market Korea" project in a "Ponzi scheme" manner, attracting a large number of South Korean investors. These early investors may have received substantial returns, and there is a real XRP community in South Korea, which is why many Koreans are buying XRP.According to a report from South Korean media in November 2014, the platform operator Ripple Market Korea completed its first round of sales within 2 hours on its opening day. The platform issued its own token RMK, promising to return transaction fee profits to users based on their holdings. At that time, the platform promoted advantages such as the ability to exchange XRP with various national currencies, investment from Google Ventures, and compliance with U.S. regulations.

ChainCatcher news, Web3 venture capital firm Hashed Ventures announced that starting from its fourth fund, it will be fully establishing funds overseas and plans to set up a large office in Abu Dhabi, UAE, with core team members including the CFO and CPO relocating to Abu Dhabi for work.Hashed's move aims to escape the restrictions of the Korean Venture Capital Act on domestic investment ratios to enhance global investment freedom. It is reported that over 80% of the company's assets are currently invested overseas, and more than half of the funds for the third fund being established also come from international capital.Founded in 2017, Hashed focuses on virtual assets and equity investments. This strategic adjustment will further strengthen its project discovery and investment capabilities globally.

ChainCatcher news, Sui ecosystem game XOCIETY developer NDUS Interactive announced the completion of a $7.5 million Series A funding round, led by Hashed and the Sui Foundation, with participation from Spartan, Neoclassic, Big Brain Holdings, and PUBG game publisher Krafton.

ChainCatcher news, according to Theblock, the Fantom Foundation announced the completion of a $10 million strategic financing, led by Hashed, with participation from UOB Ventures, Signum Capital, SoftBank, Aave Foundation, and others. The funds from this round of financing will be used to support the Sonic Foundation, as well as strategic growth and ecosystem development, with a particular focus on enhancing the liquidity of automated market makers and blue-chip pools in the money market. This move aims to attract users from Ethereum and other Layer 2 networks.Additionally, the Web3 asset data platform RootData shows that Fantom is a high-performance, scalable, EVM-compatible, and secure smart contract platform. Developers can quickly port existing Ethereum-based DAPPs to the Fantom Opera mainnet, significantly improving performance and reducing costs.

ChainCatcher news, according to Lookonchain monitoring, Hashed deposited 16.65 million C98 (approximately 4.2 million USD) to Binance 15 minutes ago.

ChainCatcher news, according to official sources, the AI metaverse game AVALON has completed a $10 million financing round, led by BITKRAFT Ventures and HASHED, with participation from Coinbase Ventures, Foresight Ventures, Delphi Digital, Spirit DAO, Sanctor Capital, DEXT Force Ventures, Follow the Seed, LVT Capital, Andromeda Capital, FocusLabs, LiquidX, and Momentum6.It is reported that the studio plans to release a massively multiplayer online game, Avalon, with a closed early access version set to launch later this year. The Avalon metaverse will combine technologies such as Unreal Engine 5 with an AI-assisted user-generated content system. In addition, the upcoming NFT series for Avalon will introduce AI-driven avatar NFTs.

ChainCatcher news, the Aptos ecosystem decentralized trading platform Merkle Trade has completed a $2.1 million seed round financing, led by Hashed and Arrington Capital, with participation from Morningstar Ventures, Amber Group, Aptos Labs, Re7 Capital, and Dorahacks. This round of financing will take place after the platform's launch at the end of 2023, and the funds will be used for the protocol's growth plans.According to the RootData page, Merkle Trade is the first gamified perpetual decentralized exchange built on Aptos. The platform aims to become the largest decentralized leverage trading hub, emphasizing user-friendliness and accessibility.

ChainCatcher news, according to Chainwire, the modular blockchain project Blackwing has announced the completion of a new round of financing of $4.5 million, led by Hashed and Gumi Cryptos.It is reported that the new funds will be used to develop a modular Layer 2 blockchain to support non-liquidation leveraged trading of crypto assets, helping users reduce the risk of forced liquidation.

ChainCatcher news, the Ethereum Layer 2 network Taiko based on zkRollup has announced the completion of a $15 million Series A funding round, led by Lightspeed Faction, Hashed, Generative Ventures, and Token Bay Capital, with participation from Wintermute Ventures, Presto Labs, Flow Traders, Amber Group, OKX Ventures, GSR, and WW Ventures. According to the crypto data platform RootData, Taiko has raised a total of $37 million through three funding rounds.Since 2022, Taiko has launched six testnets and has over 1.1 million unique wallets. Its Alpha-6 testnet Katla was launched in January this year and has executed over 13 million transactions. Taiko plans to introduce new technology to address the liquidity fragmentation issue and will launch the second phase of its developer incentive program in December 2023. At the same time, Taiko has also committed to allocating 1% of its token supply to the Ethereum core development organization Protocol Guild.

ChainCatcher news, Humanity Protocol has completed a strategic financing round, with participation from over 20 institutions including Hashed, CMCC, Cypher Capital, Foresight Ventures, and Mechanism Capital. The specific amount of financing has not been disclosed.It is reported that this round of financing will be used to accelerate the development and deployment of Humanity Protocol, improve its scalability, efficiency, and user accessibility, and prepare for the upcoming testnet launch.

ChainCatcher news, the blockchain game studio Overworld has completed a $10 million seed round financing, led by Hashed, The Spartan Group, Sanctor Capital, and Galaxy Interactive, with participation from HashKey, Big Brain Holdings, and Foresight Ventures. The funds raised will be directly used for game creation, and Overworld is currently hiring for multiple roles in the studio.Overworld is developing its first game, temporarily named Overworld, which is a Web3 anime-style free action role-playing game running on Xterio.

ChainCatcher news, according to Spot On Chain monitoring, Hashed CEO Simon Kim deposited 455,831 AXS (approximately 3.23 million USD) to Binance at an average price of 7.08 USD 40 minutes ago.It is reported that since 2021, Simon Kim has obtained 2.283 million AXS from Axie Infinity and transferred 1.17 million AXS to Binance at an average price of 7.54 USD (approximately 8.81 million USD).

According to ChainCatcher news, the Sui ecosystem's one-stop liquidity protocol NAVI Protocol has announced the completion of a $2 million financing round, led by OKX Ventures, dao5, and Hashed, with participation from Mysten Labs, Comma3 Ventures, Mechanism Capital, GeekCartel Capital, Nomad Capital, Coin98 Ventures, Cetus Protocol, Maverick, Viabtc, Assembly Partners, Gate.io, Hailstone Labs, Benqi, and LBank Labs.NAVI Protocol will use the funds from this financing round to expand its one-stop lending and LSDeFi platform.

ChainCatcher news, South Korean Web3 research company Four Pillars announced the completion of a $500,000 funding round, with investments from Kakao Ventures, Hashed, and Bass Investment.Four Pillars can assist companies in effectively implementing blockchain technology, providing customized solutions based on its collaborative experience and technical understanding of blockchain projects, offering timely insights on blockchain technology, fundamental principles, legal aspects, and market analysis, saving time and costs for companies considering entering the blockchain market.

ChainCatcher news, according to official sources, the Solana ecosystem DeFi platform Saros has completed a $3.75 million private funding round, with participation from Solana Ventures, Hashed, Spartan, Arche Fund, as well as other industry leaders like GBV, Assym, IF, Genblock, K300, Cryptomind, Kyros, and Evernew.It is reported that this round of funding will be used for the project's expansion plans and the development of the Saros super application.