According to incomplete statistics from Odaily Planet Daily, there were 15 blockchain financing events announced at home and abroad from November 4 to November 10, a significant decrease from last weeks data (25 events). The total amount of disclosed financing was approximately US$50.8 million, an increase from last weeks data (US$175 million).
Last week, the project that received the most investment was crypto startup Vlayer ($10 million); followed by Layer 1 blockchain Cytonic ($8.3 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):
On November 5, Vlayer, a crypto startup that is developing Solidity 2.0, completed a $10 million Pre-Seed round of financing, with participation from a16z Crypto Startup Accelerator (CSX), Credo Ventures, BlockTower Capital, and angel investors Remco Bloemen (from World), Jakub Florkiewicz (from Tools For Humanity), Zac Williamson, Joe Andrews, Kev Wedderburn (from Aztec), and others.
Public chain Cytonic completes $8.3 million seed round financing
On November 7, the public blockchain Cytonic announced the completion of a US$8.3 million seed round of financing, led by Lemniscap and Lattice. The Cytonic blockchain was developed by MultiVM Labs and is the first Layer 1 to use shared storage to run multiple VMs within the same network layer. It aims to solve the blockchain compatibility problem and is compatible with most blockchains such as Bitcoin, Ethereum and Solana.
Layer 1 blockchain developer Pharos completes $8 million seed round
On November 9, Layer 1 blockchain developer Pharos completed a $8 million seed round of financing, led by Lightspeed Faction and Hack VC, with SNZ Capital participating as a strategic investor. Other investors include Dispersion Capital, Hash Global, Generative Ventures, MH Ventures, Zion, and Chorus One.
Decentralized AI model layer Pond completes $7.5 million seed round of financing, led by Archetype
On November 8, the decentralized AI model layer Pond announced the completion of a $7.5 million seed round of financing, led by Archetype, with participation from Cyber Fund, Delphi Ventures, Coinbase Ventures, ANAGRAM and others.
On November 5, Naptha AI, a decentralized, multi-agent AI orchestration platform, announced the completion of a $6 million Pre-Seed round of financing, led by Arche Capital and Cyber Fund, with participation from Seed Club Ventures, Polymorphic Capital, GnosisDAO, Halo Capital and others.
On November 6, Web3 on-chain game A-World completed a $5 million Series A financing. IBGTG Capital, Sketch Venture and others led the investment, and Soave Swap, AU 21 Capital, Skyview Capital and others participated in the investment. A-world is a metaverse card tower defense battle game based on BNB CHAIN. Players can destroy monsters by building hero towers.
On November 4, Web3 gaming platform GameBeast announced the completion of a $2 million seed round of financing, led by Tido Capital and T Fund, with participation from K 300 Ventures, Notch Venture, Asva Capital, Aza Ventures, Buzzbridge Capital and others.
NFT project Rekt Drinks parent company Rekt completes $1.5 million seed round of financing
On November 8, Rekt Brands Inc. (Rekt), the parent company of Rektguy’s NFT project Rekt Drinks and Rekt brand intellectual property, announced the completion of a $1.5 million seed round of financing. The financing was entirely funded by angel investors and the community (no venture capital institutions participated).
On November 9, the RWA stablecoin protocol Usual announced the completion of a new round of financing of US$1.5 million. This round of financing was participated by Comfy Capital, early crypto project investor echo, Breed VC founder Jed Breed, etc. The specific valuation data has not been disclosed yet.
On November 8, Bitcoins L2 interoperability layer Map Protocol completed a $1 million strategic financing, with Gryps participating in the investment. The new funds will be used to promote the functionality of Bitcoins Layer 2 solution.
According to reports, MAP Protocol was established in 2019 and uses ZK light client technology as a gateway for developers and users within the Bitcoin ecosystem.
Binance Labs announces investment in DeSci project BIO Protocol
On November 8, Binance Labs announced its investment in BIO Protocol (BIO). Binance Labs is an innovative protocol that aims to use blockchain technology to change the way early scientific research is financed and commercialized. This investment marks Binance Labs first foray into the field of decentralized science (DeSci).
L2 blockchain solution provider Kroma receives strategic investment from JB Investment
On November 4, according to official news, L2 blockchain solution provider Kroma announced that it had received strategic investment from JB Investment.
Kroma, built on Superchain, is advancing the OP Stack to improve the security and efficiency of blockchain transactions. By integrating native account abstraction, Kroma aims to reduce gas fees and simplify the experience for developers and end users. Kroma is also an OP Stack rollup using the ZK fault proof system powered by the Tachyon library, which accelerates ZK proof generation and reduces costs, providing scalability without compromising security.
On November 4, Solana’s re-staking protocol Fragmetric completed its Builder round of financing. Investors included Solana founder Anatoly Yakovenko, Solana Foundation Chairman Lily Liu, Jito Labs founder Lucas Bruder, Backpack founder Tristan, and Wintermute co-founder Yoann Turpin. Fragmetric launched the SANG system: SolanA Network Guard, which provides users with a convenient and fair path to participate in re-staking, and integrates SOL and LST to ensure the security and stability of the Solana network.
On November 5, according to official news, the on-chain identity project Phi completed a new round of strategic seed round financing, led by Neoclassic Capital, and participated by Decima Fund, Cyber, PAKA fund and Incubate Fund. This is Phis second round of financing after the $2 million seed round led by ChapterOne and Delphi Digital in 2022. The new funds will be used to build a decentralized authentication system dedicated to on-chain identity.
Web3 shopping app Bion completes a new round of strategic financing, with TON Ventures participating
On November 9, Web3 shopping application Bion announced the completion of a new round of strategic financing, with TON Ventures participating. The specific amount of financing and valuation data have not been disclosed. Bion mainly uses blockchain technology to enhance the shopping experience and provide value-added services to consumers. The new funds will be used to expand its Web3 shopping platform that provides cash back rewards and enhance its crypto rewards.
