ChainCatcher news, the Bitcoin staking platform Solv Protocol has completed a $11 million financing round at a valuation of $200 million, with participation from companies such as Laser Digital, Blockchain Capital, and OKX Ventures.According to RootData, Solv is a decentralized Bitcoin reserve protocol that unlocks the full potential of Bitcoin assets through liquidity consensus infrastructure. By addressing the fragmentation of BTC assets, yield opportunities, and custodial solutions, Solv provides Bitcoin holders with a gateway to BTCFi, continuously establishing pathways and confidence for traditional funds to enter the cryptocurrency world.Previous news reported that in August 2023, Solv Protocol completed a $6 million financing round, with participation from Laser Digital, Bytetrade Labs, and others.

ChainCatcher message, based on the data from the Web3 asset data platform RootData's Q3 2024 Web3 industry investment research report, the key points are as follows:In Q3 2024, the total number of financing events reached 321, a decrease of 25.69% compared to the previous quarter, with a total financing amount of $2.406 billion, down 15.04% quarter-on-quarter;The top three sectors by financing amount in Q3 are infrastructure, others, and DeFi. The infrastructure sector had a total financing amount of $745 million, accounting for 30.9% of the total financing;The project with the highest financing amount in Q3 2024 is the Bitcoin mining company Iris Energy, which raised $413 million. It is followed by the Bitcoin mining company Stronghold, which secured $175 million through acquisitions. The third is the modular blockchain network Celestia, which completed $100 million in OTC financing at a valuation of $3.5 billion;In terms of financing amount ranges, there were 137 early-stage investment projects (under $5M) in Q3, a decrease of 14.4%; 55 mid-stage investment projects ($5M-$10M), down 30.4%. There were 43 large-scale investment projects (over $10M), a decrease of 35.8%;In Q3 2024, 12 investment institutions that made more than 10 investments participated in a total of 160 investments. Robot Ventures topped the list with 22 investments, with its investment projects tagged as infrastructure and DeFi. Following closely are Binance Labs and OKX Ventures, each participating in 16 investments. These two leading exchanges were relatively active in GamFi-related projects, participating 5 and 6 times, respectively;Unlike market skepticism towards the Ethereum ecosystem, it remains the most recognized infra by investors and developers, with a total of 67 financing events in Q3, amounting to $481 million. With the onset of the interest rate cut cycle, lower capital usage costs may drive on-chain prosperity, aiding the recovery and innovation of the DeFi sector, while Ethereum's leadership position in this sector will continue to benefit it.

ChainCatcher news, the liquid staking protocol Amnis Finance on the Aptos blockchain has completed a $2 million financing round, led by Borderless Capital and OKX Ventures. Aptos Labs, Arkgrow Pte Ltd, Ambush Capital, Gate Ventures, Sky Vision Capital, Old Fashion Research, Chorus One Venture, Re7, and Flowdesk also participated.This new funding will enable Amnis Finance to accelerate the integration of its liquid staking solutions within the DeFi ecosystem of Aptos. The platform will continue to focus on enhancing its services within Aptos while expanding its influence through strategic partnerships.According to RootData, Amnis Finance is a liquid staking protocol that allows users to easily maximize the returns on APT tokens while unlocking liquidity.

ChainCatcher news, OKX Ventures announced the completion of a strategic investment in Nytro Lab, the developer of the Castile project. Nytro Lab not only innovates the "Play and Trade" business model, attracting gold farming players with a quirky Cthulhu game style, but also allows for upgrades and flexible trading of equipment and items required in various terrains such as dungeons, shaping a long-term positive sustainability of digital asset earnings for players. Nytro achieved the top score in the same category during the North American TikTok user acquisition test. Castile has entered public testing at 20:00 Beijing time on September 10, featuring two highly social dungeon experiences, the Boss Alliance Assault and the Elite Bidding Tournament, which will be available for a limited time.The story background presented by Castile is based on a magical Cthulhu next-generation setting, featuring AAA-style RPG card + MMO + Roguelike (similar to Japan's top game Uma Musume) elements. With the performance of its heroes and realistic aesthetics, the game's NFT equipment and gacha experiences enhance the narrative of web3 games. In previous tests, a 90% player retention rate demonstrated the community's recognition of the game.

ChainCatcher news, OKX Ventures partner Jeff Ren was invited to attend WebX2024 held in Tokyo, Japan yesterday, and participated in a roundtable forum themed "VC Perspective." The forum was hosted by Alex Shin, founder of Shin Labs, with other guests including Nao Kitazawa, partner at Eight Roads Ventures, and Diana Biggs, partner at 1kx, among other well-known Web3 investors. Jeff engaged in an in-depth discussion with everyone about OKX Ventures' investment strategy and insights on investment trends, emerging technologies, and the overall landscape of blockchain and crypto venture capital.Jeff emphasized OKX Ventures' focus on "crypto-native" projects. He stated that the team pays great attention to the actual utility of tokens within the blockchain ecosystem when selecting investment targets, and hopes that the tokens they invest in can truly integrate into their respective Web3 ecosystems. Additionally, as an investor, OKX Ventures will maintain a moderate level of involvement and will not excessively intervene in projects. He also believes that the development of the Bitcoin ecosystem will bring about more complex financial operations and value creation. As the boundaries between Bitcoin and other cryptocurrencies become increasingly blurred, new opportunities and innovations will emerge. Finally, Jeff encouraged all practitioners to continue to maintain their faith in innovation, actively seek like-minded partners, and work together to promote the development of blockchain technology. He firmly believes that in this field full of possibilities, the ceiling has not yet appeared, and true innovation has only just begun. In the future, OKX Ventures will continue to support innovative projects as always.

ChainCatcher news, OKX Ventures announced a strategic investment in the decentralized database Space and Time (SxT). The core development team of SxT has dedicated the past two years to providing a tamper-proof data technology stack for both on-chain and off-chain applications. The team has introduced a new cryptographic technology called Proof of SQL, which cryptographically proves that the computations of queries and the data are accurate and immutable. Since the launch of the Beta product in March 2023, users have averaged over 500,000 queries per month, with database requests exceeding 5 billion. It has been applied by various dapps and traditional enterprises. Currently, SxT supports data indexing for mainstream on-chain public chains, including Ethereum, Bitcoin, ZKsync, Polygon, Sui, Aptos, and Sei, as well as off-chain data.Dora Yue, founder of OKX Ventures, stated: "Space and Time, as a verifiable computing layer for Web3, has pioneered a new cryptographic technology, Proof of SQL, which, combined with a decentralized data warehouse, cryptographically proves that the computations of queries and the data are accurate and immutable. Under the zk co-processor, the SxT solution, which integrates large language models (LLM), can optimize the user experience for on-chain applications such as DeFi during self-custody, ensuring asset security and addressing issues like key loss, as well as transactions, storage, and equipment upgrades of digital assets in GameFi, preventing incidents of asset theft and contract modification. OKX Ventures actively advocates for innovation in blockchain technology and its practical applications. We are very much looking forward to the launch of the testnet for Space and Time. SxT ensures the security and immutability of data under the optimization of business model frameworks for traditional enterprises and on-chain applications, providing support for decentralized database services and promoting sustainable business development."

ChainCatcher news, according to official sources, the OKX Web3 wallet will collaborate with OKX Ventures, SHIB INU, Memecore, Animoca Ventures, Sonic, Monad, LILLIUS, LayerZero, Polyhedra, Kroma, Blockdaemon, Cosmostation, ICON, Fandom Global, Cripco, and zkLink to hold the "Pheromones Day" themed event during KBW 2024.This event will officially take place on September 4th in the Han River area of Seoul at Solbitseom, gathering industry leaders, investors, and top entrepreneurs from the blockchain and Web3 fields to discuss the evolution and future prospects of the Web3 ecosystem, as well as the latest trends, challenges, and potential solutions in the blockchain landscape for 2024.Registration link: https://lu.ma/j8umhm54

ChainCatcher news, the full-chain derivatives liquidity layer project Orderly Network announced the completion of a $5 million strategic round of financing, with participation from OKX Ventures, Manifold Trading, Presto Labs, LTP, Nomad Capital, and Origin Protocol. The new funds will be used to develop new products and enhance its on-chain liquidity.