According to incomplete statistics from Odaily Planet Daily, there were 22 blockchain financing events announced at home and abroad from October 21 to October 27, a decrease from last weeks data (24). The total amount of financing disclosed was approximately US$921 million, a significant decrease from last weeks data (US$921 million).
Last week, the project that received the most investment was the decentralized social platform Bluesky (US$15 million); followed closely by the derivatives trading protocol Variational (US$10.3 million).
The following are specific financing events (Note: 1. Sort by the amount of money announced; 2. Excludes fund raising and MA events; 3. * indicates a traditional company whose business involves blockchain):
Bluesky Completes $15 Million Series A Funding, Led by Blockchain Capital
On October 25, the decentralized social platform Bluesky announced the completion of a $15 million Series A financing round led by Blockchain Capital, with participation from SevenX, True Ventures, and Alumni Ventures.
Bluesky said it will not “over-financialize” Bluesky’s “social experience” by integrating crypto tokens, NFTs or other blockchain-based technologies into its platform at this time.
On October 23, the Arbitrum-based derivatives trading protocol Variational completed a $10.3 million seed round of financing, led by Bain Capital Crypto and Peak XV Partners, with participation from Coinbase Ventures, Dragonfly Capital, North Island Ventures, Hack VC and others. Variational is a general peer-to-peer trading and settlement protocol, and emphasizes that it is not a decentralized exchange.
Web3 infrastructure Validation Cloud completes $10 million in financing
On October 25, Web3 data flow and infrastructure company Validation Cloud announced that it had received $10 million in financing from True Global Ventures. The company plans to use the funds to expand its AI products and enable seamless access to Web3 data.
On October 25, Coinbase Ventures and a16z Crypto Startup Accelerator (CSX) announced that they would inject new strategic funds into Skyfire, a payment company focused on artificial intelligence. This investment increased Skyfires total seed round financing from the previous $8.5 million to $9.5 million. Skyfire is currently building infrastructure to enable AI agents to make payments autonomously and avoid human intermediaries.
On October 24, Web3 mobile gaming platform Party Icons announced the completion of a $9 million seed round of financing, led by Bitkraft Ventures, with participation from IDG Capital and Sebastien Borget, co-founder of The Sandbox. The funds will be used to promote the development of Party Icons gaming and social experiences while enhancing its Web3 infrastructure.
European digital asset platform STOKR completes $7.98 million in financing, led by Fulgur Ventures
On October 24, European digital asset platform STOKR completed a $7.98 million financing, planning to use most of the funds to establish one of the first corporate Bitcoin reserves in Europe. This round of financing was led by Fulgur Ventures and included 100 bitcoins (about $6.78 million) and 1.2 million euros in cash (a total of 7.4 million euros).
Karpatkey Completes $7 Million in Financing, Wintermute Ventures and Others Participate
On October 22, Karpatkey, a provider of on-chain fund management solutions for DAOs, announced the completion of a $7 million round of financing. Investors in this round include AppWorks Ventures and Wintermute Ventures, as well as a group of well-known angel investors, such as Joe Lubin of ConsenSys, Stani Kuchelov of Avara, and Fernando Martinelli of Balancer Labs. The newly acquired funds will be used specifically to expand Karpatkeys service scope to more DAOs and accelerate its expansion into traditional financial institutions.
DeFi platform Azura completes $6.9 million seed round of financing, led by Initialized
On October 22, DeFi platform Azura announced the completion of a $6.9 million seed round of financing, led by Initialized, with participation from Volt Capital, Winklevoss Capital, Solana co-founder Raj Gokal and others. It is reported that the funds will be used to expand the scale of applications, including increasing company salary expenses, improving software and purchasing better servers. Azura provides market data access, full transaction life cycle support and DeFi asset transactions. It will connect various crypto wallets, blockchains, exchanges and other protocols within an interface layer. Azura also reduces trust risks by eliminating middlemen and returning control to users.
On October 24, Genius completed a US$6 million financing round, led by CMCC Global, with participation from Arca, Flow Traders, AVA Labs, SALT, Psalion VC, Anthony Scaramucci, founder of SkyBridge Capital, and Balaji Srinivasan, former chief technology officer of Coinbase.
On October 22, Malaysias compliant digital asset exchange (DAX) Hata Digital Sdn Bhd completed a US$4.2 million seed round of financing, led by Castle Island Ventures and Cadenza Venture, with participation from Bybit, AP Capital, Plug and Play Tech Center and Alliance.xyz. The new funds will be used to expand new products and attract users in Asia.
Fluid Protocol Completes $3.9 Million Seed Round, Animoca Ventures and Others Participate
On October 23, the centralized lending platform protocol Fluid Protocol announced the completion of a $3.9 million seed round of financing, with participation from Bloccelerate, Animoca Ventures, CMS Holdings, and Maelstrom. Fluid announced that it will launch its native stablecoin USDF. The new funds will accelerate the development and launch of USDF, fund security audits to ensure the security of the protocol, and expand the team.
Crypto Gamify fitness app Moonwalk completes $3.4 million in financing, led by Hack VC
On October 25, the crypto Gamify fitness app Moonwalk announced that it had completed a $3.4 million financing round, led by Hack VC, with participation from Binance Labs, Reciprocal Ventures and Solana co-founder Raj Gokal.
Moonwalk Fitness is an app that rewards users with cryptocurrency to motivate healthy habits. The app allows users to challenge friends, family or strangers to daily competitions, thereby gamifying fitness. Users who set up challenges can specify parameters, including how many days the competition lasts, daily step goals, and how much money each player must deposit to participate. Players can submit deposits in USDC, Solana or Bonk. Those who fail to meet the standards will lose part of their bets, and the rewards will be distributed to the winners.
Borderless.xyz Completes $3 Million Pre-Seed Round Led by Amity Ventures
On October 23, blockchain-based payment company Borderless.xyz completed a $3 million Pre-Seed round of financing, led by Amity Ventures, with angel investors including Talos founder Anton Katz and Fireblocks founder Michael Shaulov. It is reported that Borderless.xyz aims to develop payment infrastructure to allow global fund transactions between stablecoins, real-world assets and other Internet native currencies and legal currencies.
Decentralized Ordinals Marketplace Ordzaar Completes $2 Million Seed Round Led by LongHash Ventures
On October 22, the decentralized Ordinals market Ordzaar announced the completion of a $2 million seed round of financing, led by LongHash Ventures, with participation from SORA Ventures, GSR, Bitcoin Frontier Fund, PG Capita, OIG Capital and others.
On October 24, Opti Games, the developer of the Web3 game Sparkball, completed a $2 million financing to support the launch of the game Season Zero. This round of financing was led by L1 D, with participation from CMS Holdings, Impossible Finance, Yield Guild Games (YGG), Monad, etc. The company is also developing on the basis of the blockchain platform Monad and has received support from Monad CEO Keone Hon.
NFT Marketplace BlueMove Receives Strategic Investment from Victus Capital
On October 24, BlueMove, a multi-chain NFT market based on the Move language, announced that it had received a strategic investment from the crypto hedge fund Victus Capital. The specific amount of financing was not disclosed.
On October 24, UniLive, a live broadcast platform supporting Web3 project Launchpad, announced the completion of its seed round of financing. Investors include BitMart, EMURGO, Taisu Ventures, JuCoin, Adaverse, AC Capital and Moore Labs, as well as DePINX as a strategic investment partner, which jointly provided strong support for its ecological expansion and global promotion of the ILO model of live broadcast token issuance.
DMM Crypto Completes a New Round of Strategic Financing, Led by Neoclassic Capital
On October 22, DMM Crypto, the blockchain game and NFT division of Japanese cryptocurrency exchange operator DMM, announced the completion of a new round of strategic financing, led by Florida-based Neoclassic Capital. The parties did not disclose the amount of financing.
B² Network Completes New Round of Financing, Led by Animoca Brands and Others
On October 21, B² Network announced the completion of a new round of financing, led by Spartan Groups, Animoca Brands, Alliance and P2 Ventures, with participation from Cypher Capital, Candaq Ventures, Future Money Group, Skyland Ventures, TPC and Maxx Capital.
On October 21, Web3 social data portal Port 3 Network announced on the X platform that it had completed a new round of financing, with OOKC Group participating in the investment. The specific investment amount was not disclosed. Port 3 Network previously disclosed that it had received investment from DWF Labs and also received grants from Binance Labs, Mask Network and Aptos.
On October 21, Bitcoin liquidity re-staking protocol Echo Protocol completed its pre-seed round of financing, led by The Spartan Group, with participation from ABCDE, Aptos Foundation, Movement Labs, Maelstrom and others.
