ChainCatcher news, incubated by Future3 Campus, Edge Matrix Chain (EMC) has completed a $20 million financing round, led by Amber Group and P2 Ventures, with participation from well-known investment institutions such as One Comma, Kapley Judge and Associated Corporations, Cyberrock Venture Fund, Candaq Fintech Group, Hameem Raees Chowdhury, and others.Edge Matrix Chain (EMC) will use this financing to upgrade to an AI Layer1 infrastructure, further accelerating the expansion and development of its ecosystem. Users can obtain EMC tokens by participating in the testnet and experience the innovative AI public chain technology.

ChainCatcher news, the Web3 social application Gamic has announced the completion of a $1.8 million funding round, with investors including Polygon Ventures, Gate.io, Mapleblock, Mulana, Double Peak Group, Momentum6, DWeb3 Capital, LD Capital, as well as Sandeep Nailwal (co-founder of Polygon), Krypto's Fund, Onega Ventures, Ugo Aronu (co-founder of Xend Finance), and Vijay Pravin (founder of bitsCrunch). Gamic will launch Gamic V3. Gamic is incubated by Binance Labs Fund, with Fundamental Labs as its development partner.According to the Web3 asset data platform RootData, Gamic Guild is a P2E gaming guild focused on providing users with a variety of P2E games.

ChainCatcher news, according to Decrypt, the UAE-based game studio Farcana has raised $10 million in seed funding from investors including Animoca Brands, Polygon Ventures, and Fenbushi Capital to further develop its third-person multiplayer shooter game Farcana. Rarestone Capital, MMPro Trust, Unpopular Ventures, Kapo Capital, Emchain, Hasu Capital, and Dravus Investment also participated in this round of financing.It is reported that Farcana shares some similarities in game style with Blizzard's Overwatch, but features smaller maps with walls, and game modes reminiscent of Riot Games' Valorant. The story of Farcana is set in a near-future world where humanity has left Earth for Mars, where they discover a substance called Axelar that grants superpowers. Farcana plans to offer features such as competitions where players can earn Bitcoin, rewarding the top 10% of players. All items in the game will exist as NFTs, and Farcana will use the FAR token for all transactions.

ChainCatcher news, Web3 social protocol Phaver has completed a $7 million financing round, with participation from Polygon Ventures, Nomad Capital, Symbolic Capital, dao5, Foresight Ventures, Alphanonce, f.actor, and Superhero Capital.It is reported that the new funds will be used to expand the team, as well as for product development and other partnerships. Phaver aims to help users more easily join Web3 social platforms, providing a Web3 onboarding experience similar to existing social platforms. Phaver has integrated its technology or "social graph" with the decentralized social network ecosystem Lens Protocol and the Web3 social network CyberConnect.

ChainCatcher news, the GameFi platform NexGami on the Polygon chain (formerly known as Light eSports and MetaVirus Games) announced the completion of a $2 million seed round financing with a post-investment valuation of $20 million, with participation from Polygon Ventures, Fundamental Labs, and Ledger Capital. NexGami is committed to providing seamless integration solutions and enhancing the gaming experience for users within the Polygon network.

ChainCatcher news, the perpetual contract DEX protocol D8X on Polygon has completed a $1.5 million pre-seed funding round, led by Polygon Ventures, with participation from Axelar Network, Swissborg Ventures, Cogitent Ventures, Veris Ventures, G1 Ventures, Pragma Ventures, CryptoDiscover, and others.D8X is an institutional-grade perpetual contract DEX protocol on Polygon zkEVM, aimed at bringing DeFi to institutional investors. Currently, D8X has launched on the Polygon testnet, with collateral assets being USDC or MATIC, and the order types offered include market and limit orders, with AMM as the counterparty for each transaction.

ChainCatcher news, Web3 game developer Eyeball Games announced the completion of a $1.5 million Pre-Seed funding round, led by White Star Capital, supported by Ubisoft's digital asset fund, with participation from Polygon Ventures, Immutable, Oular, Great South Gate Ventures, and a group of angel investors.Eyeball Games will use this latest funding to develop the NFT-based blockchain billiards game Eyeball Pool, which will initially launch on Immutable's zkEVM chain (supported by Polygon) and will expand to more blockchains later, with plans to go live on mobile in the first quarter of 2024.

ChainCatcher news, NFT trading platform Tegro has completed a seed round financing with a valuation of $100 million, with participation from Polygon Ventures and a number of private investment institutions. The specific amount of financing has not yet been disclosed.Tegro supports users in conducting bulk NFT transactions on Ethereum, Polygon, and other EVM-compatible chains, while also providing trading tools and technical services. The company revealed that it will announce some "major partnerships" and community-focused "airdrop activities" in the coming months. (source link)

ChainCatcher news, interoperability protocol Connext Labs has completed a $7.5 million funding round at a valuation of $250 million, with participants including Polychain Capital, Polygon Ventures, Coinbase Ventures, Ethereal Ventures, 1kx, Hashed, and Scalar Capital. The new funds will be used to establish the Connext Foundation, which will be responsible for issuing development grants and funding for the Connext program.Connext is "building the HTTP of Web3" to create a communication layer across different blockchain networks. According to the crypto data platform RootData, in July 2021, Connext completed a $12 million Series A funding round. (Source link)

ChainCatcher news, the blockchain-based trade finance protocol Polytrade has completed a $3.8 million seed round financing, led by Alpha Wave, Matrix Partners, Polygon Ventures, and CoinSwitch Ventures, with other investors including Singularity Ventures and GTM Ventures. The company previously received support from Polygon co-founder Sandeep Nailwal and QuickSwap co-founder Sameep Singhania.It is reported that Polytrade's initial module includes a financing department that brings real-world revenue into Web3. The platform aims to provide working capital financing and invoices for small and medium-sized enterprises as well as large enterprises. The company is open to the retail market, but it primarily focuses on institutional participants and also aims to expand into the Latin American, U.S., and European markets. (source link)

ChainCatcher news, the metaverse game Neopets Metaverse launched by the online game Neopets has completed a $4 million financing round, with participation from Polygon Ventures, Blizzard Avalanche Ecosystem Fund, Hashkey Capital, IDG Capital, and NetDragon Websoft. The funds raised will be used to further drive growth and provide an immersive gaming experience, while collaborating with investors and the broader GameFi community.It is reported that Neopets Metaverse is a P2E, community-driven virtual pet game based on the original Neopets classic game. (PRNewswire)

ChainCatcher news, according to YourStory, the DeFi protocol Davos on Polygon has completed a $500,000 Pre-Seed funding round, with participation from Polygon Ventures and Polygon co-founder Sandeep Nailwal. Davos aims to launch the MATIC liquid staking product ankrMATIC, and also allows users to borrow the stablecoin DAVOS using MATIC as collateral. (source link)