ChainCatcher news, Wintermute Ventures announced on platform X a strategic investment in the decentralized credit rating platform Synnax in collaboration with TON Ventures. As of now, Synnax's total funding has reached 1.55 million USD.The new funds will support the development of the Synnax credit intelligence rating protocol and its Telegram mini-program SynQuest, aiming to build a decentralized and transparent credit market and optimize the credit rating industry through predictive analytics obtained from decentralized data sources.

ChainCatcher news, the decentralized content delivery platform Mawari's DePIN network Mawari Network has announced the completion of a $10.8 million strategic financing round, led by Anfield LTD, Borderless Capital, and 1kx, with participation from Accord Ventures, Animoca Brands Japan, Blockchange Ventures, Draper Dragon, iAngels, Mulana Ventures, Parami Investors, Samsung Next, and Waldo Holdings, as well as angel investors Ivan Brightly, Joshua Frank, Pete Townsend, and Sean Carey.This round of strategic financing brings Mawari's total funding to $17.3 million. Mawari plans to launch on the Solana mainnet in the first quarter of 2025 and will conduct a node license sale in the fourth quarter of this year to expand its infrastructure.It is reported that the project currently serves 40 clients, including global brands such as T-Mobile, Netflix, and BMW, with an average annual revenue of approximately $1.5 million. Mawari focuses on real-time 3D content rendering and streaming, supporting VR, AR, and XR devices, and has obtained 3 patents, with another 11 pending.

ChianCatcher news, renewable energy company Fuse announced the completion of a $12 million strategic financing, led by Multicoin Capital, bringing the company's total funding to $90 million to date.According to the press release, the company plans to use the funds to launch Project Zero, a renewable energy DePIN project: "As a comprehensive energy company, Fuse provides distributed energy (DER) installation, electricity trading, and electricity retail. The company currently manages 18 megawatts of renewable energy projects, with another 300 megawatts of renewable energy projects in preparation. Fuse Energy, a subsidiary of Fuse, is a vertically integrated electricity retailer."

ChainCatcher news, the innovative exchange Vanilla Finance announced the completion of a new round of strategic financing, with HTX Ventures participating, although the specific amount has not been disclosed. Recently, Vanilla Finance reached a strategic agreement with two games on Telegram, Catizen and NotCoin. Other investors include UOB Ventures, ABCDE Labs, Pluto, Paper Ventures, Open Space, Y2, and others. Vanilla Finance provides users with a low-cost entry into cryptocurrency, promoting more people to use and trade cryptocurrencies.

ChainCatcher news, according to official sources, the Scroll ecosystem project Pencils Protocol has completed a new round of financing with a valuation of $80 million, led by Taisu Ventures, with participation from DePIN X, Bing Ventures, and Black GM Capital.It is reported that in May of this year, Pencils Protocol completed a seed round financing of $2.1 million, with investors including well-known institutions and individual investors such as OKX Ventures, Animoca Brands, Galxe, Gateio Labs, Aquarius, and Presto.Pencils Protocol is currently the top-ranked native project in the Scroll ecosystem by TVL. It is a one-stop yield aggregator and auction platform based on Scroll, featuring asset aggregation and distribution, leveraged yield, auctions, and more, aimed at maximizing the utilization of users' assets.

ChainCatcher news, the RWA ecosystem Zoth announced the completion of a $4 million strategic financing round, with participation from Taisu Ventures, G20, Fat Cat Ventures, and others. Zoth also received support from companies such as Coinbase and Hedera, as well as funding from Ripple's XRPL Foundation.Zoth is developing Atlas, a permissionless yield product aimed at becoming a comprehensive DeFi yield solution. The product is currently in the testnet phase and has gamified RWA index coverage of over 1 million wallets on its Berachain and Base networks.According to the Web3 asset data platform RootData, Zoth is an ecosystem that connects traditional finance and on-chain finance liquidity and RWA. The first product, ZOTH -- Fixed Income (ZOTH-FI), is an institutional-grade fixed income market that brings RWA such as cross-border trade financing, treasury bills, and sovereign bonds.

ChainCatcher news, according to official sources, the high-performance blockchain platform Metabit Network recently announced the successful completion of a new round of strategic financing amounting to 10 million USD. The new funding will be used to promote innovation and development in the field of blockchain technology for Metabit Network.It is reported that Metabit is a blockchain platform based on the hybrid consensus mechanism PoAS, allowing different nodes to play different roles, providing physical operation networks, verification, packaging settlement, storage, and bandwidth. On this architecture, Metabit v2.0 is transitioning to an AI-based multidimensional intelligent architecture, connecting with today's rapidly developing AI ecosystem. It provides high-performance infrastructure for large-scale commercial applications, fundamentally transforming the Web3 ecosystem.

ChainCatcher news, the fixed-rate lending protocol Term Finance has completed a $5.5 million strategic financing round, led by Electric Capital, with participation from Arete Capital, Delta Blockchain Fund, Inception Capital, Blizzard Fund, Maelstrom, and others. The funds raised will be used to develop the protocol and accelerate Term's roadmap to simplify lending through features such as looping, passive lending, automation, and real-time alerts.It is reported that Term is the first on-chain fixed-rate lending protocol to operate effectively at an institutional scale, providing over $100 million in loans through the protocol, with seven-figure liquidations occurring weekly.According to RootData, Term is a non-custodial, scalable fixed-rate lending protocol that uses a novel on-chain auction dual-auction mechanism to determine the fixed rates for transactions between borrowers and lenders on the platform. It brings borrowers and lenders together in a fair and transparent auction process to establish a single market clearing rate that all participants will pay or receive, regardless of size.

ChainCatcher news, according to official sources, the blockchain liquidity infrastructure project Sumer.money has announced the completion of a $2 million financing round. This strategic financing round was co-invested by several well-known investment institutions including Pantera, A&T Capital, Sanctor, Blockwall, ROK, Waterdrip, Kernel, AngelDAO, NoviDAO, as well as over twenty crypto founders, executives, and OGs, including Sandeep Nailwal (Polygon), TN Lee (Pendle), Victor Ji (Manta), Evan Kuo (Ampleforth), Brandon Iles (Ampleforth), and Ben Chan (Vice President of Engineering at Chainlink).Sumer is a blockchain liquidity infrastructure with extremely high capital efficiency, creating a currency multiplier in a decentralized, non-custodial manner, allowing users to earn yields across multiple chains while not missing out on competitive DeFi yields on the asset's native chain.Sumer powers high-performance EVM L1 with its Supernova core. This tech stack will contribute to the Cosmos SDK as a next-generation alternative for future L1 and decentralized L2.In addition, Sumer's upcoming partners include Pendle, EtherFi, Puffer, KelpDAO, Slov, StakeStone, and Angle.

ChainCatcher news, according to The Block, the decentralized artificial intelligence network Allora Labs has completed a $3 million strategic financing round, with participation from Archetype, Delphi Ventures, CMS Holdings, ID Theory, and DCF God. This round of financing brings Allora's total funding to $35 million.It is reported that Allora Network is a decentralized artificial intelligence network built on the Cosmos stack as an L1 blockchain. Formerly known as Upshot, it was renamed Allora in February of this year and shifted from an NFT evaluation platform to a decentralized artificial intelligence network.

ChainCatcher news, according to BeInCrypto, the derivatives DEX ZKX based on Starknet and Ethereum has announced the completion of a new strategic funding round of $7.6 million. This round of financing was participated by Flowdesk, GCR, DeWhales, and previous investors Hashkey, Amber Group, Crypto.com, and StarkWare.It is reported that the new funding will be used to accelerate the expansion of the ZKX protocol and introduce new features such as a social copy trade pool, as well as expand cross-chain interoperability.According to the Web3 asset data platform RootData, ZKX is a permissionless derivatives protocol built on StarkNet, featuring a decentralized order book and a unique way of providing complex financial instruments as swaps. The protocol is supported by a DAO and will offer a better trading experience through gamified leaderboards and unique liquidity governance.

ChainCatcher news, according to official sources, the decentralized derivatives protocol Particle has announced the completion of a new round of strategic financing, with participation from Spirit DAO, XDeGods, dingaling, and others. The specific amount has not yet been disclosed.According to the Web3 asset data platform RootData, Particle completed a seed round of financing led by Polychain Capital in January of this year. Particle is a decentralized leverage trading protocol that supports any permissionless asset, from tokens to NFTs. There are no price oracles, no counterparty risk, and no forced liquidation.

ChainCatcher news, Nuffle Labs, an independent entity established by the NEAR Foundation, has completed a $13 million strategic financing round. The funding comes from strategic grants from the NEAR Foundation and investments led by Electric Capital, with participation from Canonical Crypto, Fabric Ventures, Robot Ventures, Caladan, Lyrik Ventures, and others.Nuffle Labs is building the NEAR Data Availability Layer (NEAR DA), the NEAR Fast Finality Layer (NFFL), and other products within the NEAR modular product suite.The company stated in a press release: "As an independent entity, Nuffle Labs will now be able to make agile decisions to ensure that NEAR Modular products remain competitive. Nuffle Labs' strategic positioning between the NEAR Foundation, Ethereum, and the EigenLayer ecosystem will leverage the strengths of multiple platforms to enhance the efficiency and resilience of the NEAR ecosystem."

ChainCatcher news, cryptocurrency financial service provider SCRYPT announced the completion of a $5 million strategic financing round, led by Braza Bank, with follow-on investments from venture capital firms such as Funfair Ventures, Cabrit Capital, and Atlantic Labs.SCRYPT has also recently received approval from Swiss regulators to launch asset management solutions, with SCRYPT Digital Investments AG obtaining a portfolio manager license issued by the Swiss Financial Market Supervisory Authority (FINMA) in July 2023.

ChainCatcher news, the modular computing layer & ZK-RaaS platform Lumoz has announced the completion of a new round of strategic financing, with participation from IDG Blockchain, Blockchain Coinvestors, Gate Ventures, Summer Capital, EVG, 7upDAO, Sweep Ventures, among others. The specific amount has not been disclosed. The new funds will continue to be used for the expansion of the Lumoz team, the construction of the modular computing layer, and technological innovation of the ZK-RaaS platform.According to reports, Lumoz's ZK-PoW algorithm effectively combines miners' computing resources with various Rollups, thereby meeting the demand for providing distributed computing power for various ZK-Rollups and generating ZKP. Recently, Lumoz announced support for Op Stack + ZK Fraud Proof, followed by the launch of zkProver and zkVerifier based on EigenLayer. Its latest roadmap shows that Lumoz will release a brand new AI + PoW Chain, multiple ETH L2s, Layer3, and BTC L2, while also opening decentralized node registration globally to ensure network security after the mainnet launch.According to the RootData page, in March this year, Lumoz completed a Pre-A round of financing with a valuation of 120 million USD, with participating institutions including Hashkey Capital, OKX Venture, Kucoin Ventures, Polygon Cofounders, Comma3, Waterdrip, YBB, Kernel Ventures, D11-Labs, MH Ventures, Kronos Research, and others.

ChainCatcher news, according to official sources, the stablecoin project defi.money has completed a strategic financing round, which was participated in by GBV Capital, LayerZero Labs, and a group of angel investors including Curve Finance founder Michael Egorov.It is reported that defi.money is an EVM-agnostic CDP protocol that combines Curve Finance's innovative liquidation mechanism LLAMMA, aiming to build a capital-efficient, scalable, and truly interoperable USD stablecoin for anyone, anywhere.

ChainCatcher news, according to Theblock, the Fantom Foundation announced the completion of a $10 million strategic financing, led by Hashed, with participation from UOB Ventures, Signum Capital, SoftBank, Aave Foundation, and others. The funds from this round of financing will be used to support the Sonic Foundation, as well as strategic growth and ecosystem development, with a particular focus on enhancing the liquidity of automated market makers and blue-chip pools in the money market. This move aims to attract users from Ethereum and other Layer 2 networks.Additionally, the Web3 asset data platform RootData shows that Fantom is a high-performance, scalable, EVM-compatible, and secure smart contract platform. Developers can quickly port existing Ethereum-based DAPPs to the Fantom Opera mainnet, significantly improving performance and reducing costs.

According to ChainCatcher news, MANTRA has announced the completion of a new round of strategic financing, with participation from Laser Digital, a digital asset subsidiary of global financial services giant Nomura Securities. This round of financing aims to accelerate MANTRA's goal of building an RWA Layer 1 blockchain for the Middle East and Asian markets. The specific amount of financing and valuation have not yet been disclosed.

ChainCatcher news, the DAO as a Service infrastructure Dora Factory announced the completion of a new round of strategic financing of $10 million, with participation from Nomad Capital, No Limit Holdings, Sky9 Capital, Singapore UOB-Signum Blockchain Fund, Interop Ventures, and others. This financing will accelerate the adoption and strategic expansion of Dora Factory's decentralized governance and public goods funding technology stack.According to the Web3 asset data platform RootData, Dora Factory is a multi-chain DAO infrastructure that provides multi-chain authorization, privacy voting, Bounty services, and other infrastructure for startup teams and DAOs. Dora Factory offers a playground where DAOs can be easily created with cool features to meet their key needs in governance, fundraising, collaboration, management, and more.

ChainCatcher news, the decentralized derivatives trading platform ELFi Protocol has completed two rounds of strategic financing totaling $5 million, with the latest round led by IDG Capital and KuCoin Ventures.ELFi Protocol has launched on the Arbitrum testnet and is currently conducting a public Beta test for the Genesis NFT.ELFi Protocol is a decentralized derivatives trading platform that features isolated and cross margin modes, zero-risk high returns with USDT/USDC, and a super combination of LSD assets.