ChainCatcher news, according to The Block, the zero-knowledge proof generation layer Fermah has completed a $5.2 million seed round financing, led by a16z's CSX and Lemniscap, with participation from Bankless Ventures, Longhash Ventures, the P-OPS team, Public Works, ZK Validator, Lambda Class, Daedalus, Zero DAO, Velocity Capital, Daemon Ventures, and angel investors including Balaji Srinivasan and Sandeep Nailwal.According to the Web3 asset data platform RootData, Fermah is a general-purpose zero-knowledge proof generation layer. It acts as a marketplace, with suppliers including GPUs and FPGAs. On the demand side, Fermah can generate proofs for any instance using ZK.

ChainCatcher news, the Berachain ecosystem DePIN project Puffpaw announced the completion of a $6 million seed round financing, with participation from Lemniscap Ventures.The Puffpaw project plans to launch a blockchain-enabled e-cigarette aimed at helping users reduce nicotine intake through token incentives. The project encourages users to quit smoking by recording their smoking habits and rewarding them with tokens. Puffpaw's token economics are designed to cover 30% of the costs for users' first month of using its products and provide social rewards. The project has also considered potential system abuse, but it is unclear how it will address the issue of users potentially reporting their smoking habits dishonestly.

ChainCatcher news, according to Cointelegraph, venture capital firm Lemniscap has announced that it has raised $70 million to support early-stage Web3 startups. The fund will invest in various blockchain sectors, including zero-knowledge proof infrastructure, consumer applications, emerging Bitcoin ecosystems, and secure and decentralized physical infrastructure (DePIN).Since its establishment in 2017, Lemniscap has invested in over 130 Web3 projects, including well-known protocols such as Avalanche, Fairblock, and Celestia. The company emphasizes a focus on long-term success rather than short-term gains, providing funding and strategic guidance to the startups in its portfolio.According to Pitchbook data, crypto startups raised $2.7 billion in the second quarter of 2024, with total funding for the year expected to reach $10.8 billion, surpassing the $10.1 billion raised in 2023. Although the number of deals has decreased by 12.5%, the scale of investments in potential projects is increasing.

ChainCatcher news, according to official sources, the multi-chain search engine Dora has announced the completion of a $5.5 million funding round, led by Dragonfly and Lemniscap, with participation from Robot Ventures, Maven 11, Arche Capital, and others.It is reported that Dora has created the Dora block explorer and the Dora discovery engine to promote on-chain adoption and will enhance the interoperability solutions integrated into Dora.

ChainCatcher news, according to The Block, on-chain data developer Irys has completed a total of $8.9 million in financing, led by Lemniscap, with participation from Framework, Primitive Ventures, Hypersphere, Permanent Ventures, and others.It is reported that Irys has expanded its services beyond bundled transactions to improve storage throughput for developing scalable on-chain data. Additionally, the platform is building infrastructure to track and verify data to combat digital misinformation.According to the Web3 asset data platform RootData, Irys is an origin layer that enables users to expand permanent data and accurately attribute its source. By tracking and verifying the origin of data, Irys paves the way for accountability in all information. The origin layer acts as a distributed ledger for digital information, tracking the origin and modifications of data.

ChainCatcher news, supported by Eigen Layer, the first decentralized ZK Proof verification layer on Ethereum, Aligned Layer has completed a $2.6 million seed round financing, led by Lemniscap, with participation from Bankless Ventures, Paper Ventures, Sreeram Kannan, Brandon Kase, Daniel Lubarov, DCbuilder, Chainyoda, Weikeng Chen, Sami BENYAKOUB (samnode_), Peter Fittin (SizeChad), and Lucas Kozinski, as well as strategic investments from StarkWare and O(1)Labs.The funds will be used for team expansion and to accelerate the launch of the Aligned Layer mainnet, which is planned for the second quarter of 2024.According to the RootData page, Aligned Layer is a ZK verification layer developed on top of EigenLayer. This will make the verification of any SNARK proof cost-effective, leveraging the security of Ethereum validators without being constrained by Ethereum. As an Eigen Layer AVS, it promises affordable verification and a versatile proof system for L2 and bridges, addressing key needs in the blockchain ecosystem. The project is developed by Yet Another Company.

ChainCatcher news, according to Decrypt, Legitimate has completed a $4.3 million seed round financing, led by Lemniscap, with participation from Draper Associates and Sfermion Factor VC.According to the RootData page, Legitimate is an on-chain framework designed to keep physical assets in sync with their digital counterparts. The protocol connects physical products to customizable digital experiences powered by NFTs and Web3.

ChainCatcher news, according to Coindesk, the LBP platform Fjord Foundry has completed a $4.3 million seed round financing, led by Lemniscap, with participation from Mechanism Cap, Zee Prime Cap, Castle Capital, and several angel investors.Fjord (formerly known as Copper Launch) is a liquidity bootstrapping platform (LBP) that enables projects to generate liquidity for new tokens in a transparent and permissionless manner. Fjord has supported teams such as Merit Circle, Avocado DAO, Crypto Unicorns, and Breeder DAO.

ChainCatcher news, according to The Block, the Cosmos ecosystem development platform Cosmology has completed a $5 million seed round financing, led by Galileo and Lemniscap, with participation from Dispersion, HashKey, Tuesday Capital, Osmosis Foundation, Chorus One, and Informal Systems. The company did not disclose its valuation.It is reported that Cosmosology provides a full-stack development environment, including Tendermint developer tools, Cosmos SDK, and the Inter-Blockchain Communication (IBC) protocol. These tools (such as Telescope and Cosmos Kit) are designed to simplify the development process of applications on Cosmos.

ChainCatcher news, the Web3 analytics platform Safary announced the completion of a $2.4 million Pre-Seed funding round, led by Lemniscap, with participation from Arca, SevenX, Big Brain Holdings, Saison Capital, Diaspora Ventures, and 20 Web3 angel investors (14 of whom are members of the Safary community).

ChainCatcher news, the LSD protocol Puffer Finance announced the completion of a $5.5 million seed round financing, led by Lemniscap and Lightspeed Faction, with other participating institutions including Brevan Howard Digital, Bankless Ventures, Animoca Ventures, Kucoin Ventures, DACM, LBK, SNZ, Canonical Crypto, as well as community funds 33DAO, WAGMI33, and Concave. Angel investors include Anand Iyer (Lightspeed partner), Sreeram Kannan (founder of Eigen Layer), Frederick Allen (head of staking business at Coinbase), Shen Yu (co-founder of F2pool and Cobo), Mr. Block (core contributor at Curve), Ramble (president of the North American Blockchain Association), Calvin Liu (chief strategy officer of Eigen Layer), Richard Malone (chief business officer of Obol), and Ladislaus von Daniels (staking community leader).This round of financing will be used to further develop Puffer Finance's open-source project "Secure-Signer," aimed at preventing validators from potential slashing during the validation process. This project has received a $120,000 grant from the Ethereum Foundation, with core researcher Justin Drake participating as an advisor. Additionally, Puffer Finance is creating a permissionless staking pool that lowers the participation threshold for independent validators from 32 ETH to 2 ETH, enhancing capital efficiency.Puffer Finance received a preliminary seed round investment of $650,000 last June, led by Jump Crypto, with participation from Arcanum Capital and IoTeX.

ChainCatcher news, Web3 application development platform Sort has completed a $3.5 million seed round financing, led by venture capital firms Lemniscap and The General Partnership. The funding will be used to expand its team, advance the platform's product suite, and accelerate the launch of the Sort application. (Source link)

ChainCatcher news, blockchain infrastructure provider Gateway.fm has completed a $4.6 million funding round led by Lemniscap. CMT Digital, the LAO DAO, Fantom Foundation, and Unstoppable Domain Ventures are among the investors participating in this funding. The funds raised will be used to accelerate product development as well as marketing and recruitment efforts.It is reported that Gateway.fm is building a decentralized remote procedure call (RPC) solution. Gateway.fm offers three services: Gateway Grow, an institutional staking service; Gateway Access, its web3 RPC node infrastructure solution; and Gateway Jumpstart, which enables blockchains and protocols to accelerate their mainnet launch. (Source link)

ChainCatcher news, on-chain derivatives market maker Rysk Finance has completed a $1.4 million Pre Seed funding round, led by Lemniscap, with participation from Encode Club, Ascensive Assets, Starbloom, Yunt Capital, Manifold Trading, and angel investors Hype.eth, Ivangbi, Windra Thio, among others.It is reported that Rysk Finance conducts on-chain market making for DeFi derivatives, and its flagship product, Dynamic Hedging Vault (DHV), is a dynamic new type of autonomous options AMM that generates returns for liquidity providers through trading options. (source link)

ChainCatcher news, according to CoinDesk, Bitcoin derivatives exchange Kollider has completed a $2.35 million seed round financing, led by Lemniscap, with participation from Castle Island Ventures, Polychain Capital, Alameda Venture, Pfeffer Capital, and others.It is reported that Kollider will use this round of financing to expand its exchange business and add more lightning network-native financial tools to its existing product lineup. (Source link)

Chain Catcher news, NFT investment application Sintra has completed a $2 million seed round financing, led by Lemniscap, with participation from FTX Ventures, Chorus One Ventures, CMCC Global, Big Brain Holdings, Two Ape VC, Shanna Tellerman, Felix Lutsch, and Anthony Beaumont.It is reported that Sintra will use this round of financing to accelerate product testing and the development of new in-app features, as well as to drive comprehensive recruitment and marketing efforts. (Source link)