HashKey Capital

MEET48 completed its token round financing, led by Liang Xinjun, Hash Global, and Hashkey Capital

ChainCatcher news, focusing on the entertainment sector's AI-Agent and AIUGC creators and fan economy ecosystem MEET48 has announced the completion of its token round financing, with a fully diluted valuation (FDV) of $100 million. Co-founder of Fosun Group, Liang Xinjun, along with Hash Global and HashKey Capital, led the investment, 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 the creation of related AI products. The MEET48 ecosystem community will provide users with a one-click customization feature for virtual idol AI Idol-Agent, enabling various functions such as chatting, live streaming, and virtual performances, while efficiently generating AI images, texts, songs, and dance content using AIGC technology in the virtual music and dance vertical. Additionally, the community will offer an AI-exclusive creation tool, AIShowBOX, supporting 3D character customization, intelligent choreography, and other in-depth creations, assisting users in automated operations and global dissemination of Idol-Agent.The MEET48 community's supporting MEME cultivation and launch platform, MarsProtocol, will be launched on the BNB Chain, providing a tokenized trading platform for Meme creators and serving as a source of AI creators for the entire ecosystem community. Furthermore, the AI-AGENT social foundation of the MEET48 ecosystem, the AI-AGENT large-scale music and dance simulation game, and the AI-AGENT large-scale casual game will also be launched successively, all utilizing the same governance token for community incentives.

Digital asset solution Mento Labs completes $10 million financing, with participation from HashKey Capital and others

ChainCatcher news, according to CoinDesk, the development team of the decentralized EVM platform Mento on the Celo network, Mento Labs, announced the completion of a $10 million funding round. This round of financing was supported by T-Capital, HashKey Capital, Richard Parsons, Flori Ventures, No Limit Holdings, Verda Ventures, and w3.fund.Mento Labs also announced a stablecoin roadmap, planning to add three local digital currencies to its expanding decentralized stablecoin lineup: Philippine Peso (PUSO), Colombian Peso (cCOP), and Ghanaian Cedi (cGHS).According to project documentation, the Mento stability protocol can be seen as an over-collateralized, decentralized, and transparent stable asset mechanism. The protocol utilizes crypto reserves, allowing users to adjust the supply of Mento stable assets based on changing demand. Users can exchange between Mento stable assets and reserve collateral assets through the protocol.Additionally, the Web3 asset data platform RootData shows that Mento Labs is an innovation lab for stablecoins and digital assets, derived from cLabs (Celo). The lab provides a basket of cryptocurrency asset platforms for Mento, with all Mento stablecoins (cEUR, cREAL, cUSD) fully backed by USDC and DAI. Furthermore, Mento also has support for loyalty and engagement, regenerative finance, as well as risk management, monitoring, and maintenance.
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