ChainCatcher news, the decentralized AI infrastructure Swan Chain has completed a $3 million seed round financing, led by Binance Labs and SNZ. Other participants include Outlier Ventures, Protocol Labs, Waterdrip Capital, FBG Capital, Chainlink Labs, Gate.io, Betterverse DAO, Chain Capital, Cabin.vc, LD, CSPDAO, W3coins, Criterion, and KONDR DAO.This round of financing ended in January 2023, and the funds will expand the Swan Chain team and further develop its resources for building AI blockchain infrastructure.According to the Web3 asset data platform RootData, SwanChain (formerly known as FilSwan) was launched in 2021 and is a decentralized infrastructure aimed at accelerating AI applications. Utilizing OP Stack's Ethereum Layer 2 technology, SwanChain combines Web3 with AI to provide a comprehensive solution covering storage, computing, bandwidth, and payments.

ChainCatcher news, the leveraged synthetic yield trading platform RateX has announced the completion of its seed funding round, with participation from GSR, SNZ Holdings, Presto Labs, Animoca Ventures, Initial Ventures, G Ventures, KuCoin Ventures, Summer Ventures, and LeadBlock Bitpanda Ventures.According to the Web3 asset data platform RootData, the RateX protocol is a decentralized exchange (DEX) built on Solana. RateX offers leveraged yield trading, similar to perpetual futures contracts, allowing users to gain exposure to the underlying assets with positions significantly larger than their deposited margin. To fully unlock the potential of yield trading, RateX provides three closely integrated features: leveraged yield trading, yield, and synthetic assets.

ChainCatcher news, according to The Block, the account abstraction wallet Holdstation on ZKSync announced the completion of a strategic funding round, with the specific amount undisclosed. SNZ Capital, Summer Ventures, and EVG Ventures participated in the investment. The new funds will drive the integration of Holdstation with artificial intelligence, promoting the development of its smart AI wallet.

ChainCatcher news, the multi-chain SocialFi infrastructure OpenSocial Protocol has announced the completion of a $5 million seed round financing, led by Portal Ventures and SNZ Capital (early supporters of Ethereum, Chainlink, Cosmos, Arbitrum, Polkadot, and Dfinity), with participation from OKX Ventures, Orange DAO, Animoca Brands, Awesome People Ventures, Arche Fund, Decima Fund, Moonrock Capital, Panony, Summer Ventures; as well as Web3 entrepreneurs such as Smokey the Bera, Brian Fabian Crain, Mike Dudas, Martin El-Khouri, Roham Gharegozlou, Don Ho, Mable Jiang, Adam Jin, Serge Kassardjian, and Jason Yano.It is reported that OpenSocial aims to achieve true ownership of intellectual property and relationships through a combination of infrastructure and UI layers, along with better-aligned monetization and economic incentive mechanisms.According to the Web3 asset data platform RootData, OpenSocial is a multi-chain SocialFi infrastructure that provides truly scalable and composable protocols for web3 users, creators, and developers, powering the future multi-chain SocialFi ecosystem.

ChainCatcher news, according to Cointelegraph, the modular BTC Layer2 one-click chain launching platform UTXO Stack has completed its seed round financing, led by ABCDE and SNZ Capital, with strategic investment from the CKB Eco Fund, and follow-on investments from OKX Ventures, Waterdrip Capital, Matrixport, y2z Ventures, DRK Lab, and Bitcoin Magazine's parent company BTC Inc's venture capital arm UTXO Management.It is reported that UTXO Stack will focus on expanding the Bitcoin ecosystem, helping project developers to launch BTC Layer2 based on UTXO architecture with one click, and natively integrating RGB++ protocol capabilities, allowing seamless interoperability between BTC and Stack parallel Layer2 without the need for cross-chain bridges, and enabling the staking of BTC, CKB, and BTC L1 assets to ensure Layer2 security.UTXO Stack founder & RGB++ protocol author Cipher stated: "If RGB++ solves the issues faced by the original RGB protocol in technical implementation by providing Turing-complete smart contract capabilities for BTC L1 assets through isomorphic binding technology, then UTXO Stack will provide a scalable, stakeable UTXO Layer2 solution for BTC Dapps, achieving seamless interoperability across all chains."CKB Eco Fund Partner Baiyu said: "As more and more UTXO assets based on the RGB++ protocol and other foundational layer protocols are issued on Bitcoin, the implementation of UTXO Stack will bring unprecedented development to the BTC ecosystem. The combination of UTXO Stack and RGB++ will give it unparalleled advantages over other Bitcoin Layer 2 solutions."

According to ChainCatcher news, Moondance Labs, the developer of the application chain infrastructure protocol Tanssi Network, announced the completion of a $6 million strategic financing round, led by Scytale Digital, KR1, and SNZ, with participation from Arrington Capital, Borderless Capital, Hypersphere, Blockchain Founders Fund, and angel investor Gavin Wood.The funds from this round of financing will be used to expand the Moondance Labs team and further develop Tanssi. In addition, Tanssi plans to launch an incentive testnet event. Previously, in May 2023, Moondance Labs announced the completion of a $3 million seed round financing, led by Arrington Capital, with participation from Borderless Capital, HashKey Capital, D1 Ventures, Hypersphere, C² Ventures, and Jsquare.

ChainCatcher news, in the "2023 Web3 Industry Development Research Report and Annual List" published by the crypto asset data platform RootDada, SNZ Holding has been selected as one of the Top 100 investment institutions in 2023.In 2023, SNZ Holding's publicly disclosed investment projects exceeded 12, among which representative projects include Puffer, Intmax,Rio Network, and others.

ChainCatcher news, Web3 cross-chain infrastructure FilSwan announced the completion of a $3 million SAFT round of financing, led by Binance Labs and SNZ Holdings, with follow-up investments from Waterdrip Capital, FBG Capital, Protocol Labs, Unicorn Hunter Ventures, Chain Capital, LD Capital, Cabin VC, Betterverse Dao, and DAO Kondr VC. In addition, the team received funding support from the Filecoin Foundation and Chainlink.It is reported that FilSwan is committed to integrating data, computing, bandwidth, and payments into a suite to provide comprehensive solutions for Web3 projects. FilSwan's first cross-chain product, multichain.storage, has been launched on the Polygon mainnet. (source link)