According to incomplete statistics from Odaily Planet Daily, there were 17 blockchain financing events at home and abroad announced from February 3 to February 9, which was a decrease from last weeks data (18). The total amount of financing disclosed was approximately US$127 million, which was a decrease from last weeks data (US$247 million).
Last week, the project that received the most investment was the Bitcoin Ordinals project Taproot Wizards ($30 million); followed by token trading infrastructure Reservoir ($14 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):
Taproot Wizards Completes $30 Million Funding, Led by Standard Crypto
On February 5, Bitcoin Ordinals project Taproot Wizards completed a $30 million financing, led by Standard Crypto. It is reported that Taproot Wizards focuses on promoting the OP_CAT ecosystem.
Token trading infrastructure Reservoir completes $14 million Series A financing, led by USV
On February 5, token trading infrastructure Reservoir completed a $14 million Series A financing round, led by USV, with participation from Coinbase Ventures, Variant, Archetype, 1kx, etc. As part of the transaction, Union Square Ventures partner Nick Grossman will join the Reservoir board of directors.
AI Agent App Store Olas Receives $13.8 Million in Funding, Led by 1kx
On February 5, the crypto autonomous artificial intelligence agent app store Olas completed a financing of US$13.8 million to support the launch of its AI agent app store called Pearl.
This round of financing was led by 1kx, followed by Tioga Capital, Sigil Fund, Zee Prime Capital, Borderless, Keyrock and other institutions.
The team at Olas, also known as Autonolas, said the funding will be used to support its agent app store, which aims to democratize access to user-owned AI agents.
On February 5, DePIN gaming infrastructure platform Beamable completed a $13.5 million Series A financing round led by Bitkraft Ventures. Beamable Network aims to change the way gaming backend infrastructure is built and operated.
Web3 game Fableborne completes $12.4 million in new round of financing, led by Delphi Ventures
Pixion Games, the game studio behind the Web3 action role-playing game Fableborne, announced that it has raised $12.4 million in its latest round of financing, led by Delphi Ventures, with participation from Animoca Brands, Yield Guild Games (YGG), and Axie Infinity creator Sky Mavis. This financing will help it prepare for the launch of the POWER token later this year.
On February 7, Dubai blockchain cloud gaming infrastructure company The Game Company (TCG) completed a $10 million equity and token round of financing, with Telcoin and its CEO Paul Neuner, BullPerks, NodeMarket, HyperCycle and Singularity DAO participating in the investment.
On February 7, Fragmetric officially announced on the X platform that it had completed a $7 million seed round of financing, led by Finality Capital Partners and Hashed, with participation from Hypersphere, Presto Labs, Bitscale Capital, Halo Capital and Flowdesk, and support from multiple angel investors in the Solana and Restaking ecosystems.
Prodigy.Fi Completes $5 Million Seed Round and Receives Funding from Berachain Foundation
On February 7, Prodigy.Fi, a decentralized yield and on-chain dual investment trading platform, announced on X platform that it has completed a $5 million seed round of financing, led by Quantstamp and Republic, with participation from Arbelosxyz, PANONY Group, RSK Capital and Samara Alpha. This round of financing will be used to promote its DeFi yield mining and trading product development on Berachain.
On February 6, non-custodial Bitcoin trading platform Flashnet announced the completion of a $4.5 million seed round of financing, led by Abstract VC, with participation from UTXO Management, Soma Capital, HFØ, Chapter One, Accomplice, etc. It is reported that the new funds are intended to support the platform to build transaction functions based on the Lightning Network and UTXO, and integrate with Bitcoin wallets.
GOAT Gaming, the AI gaming network on Telegram, completes $4 million in strategic financing
GOAT Gaming, the AI gaming network on PTelegram, announced the completion of a US$4 million strategic financing round, led by TON Ventures, Karatage, Amber Group, and Bitscale Capital, with participation from Framework Ventures, Mirana Ventures, Folius Ventures, Sfermion, The Spartan Group, Sanctor Capital, dune ventures, Infinity Ventures Crypto, Gate Ventures, D Web3 Capital, Ocular VC, Play Ventures, Next Web Capital, Presto, Skycatcher, RAZER, Ancient 8, Avocado DAO, KGeN, Ready Player DAO, Gabby Dizon, Grail.eth, Vader, Santiago R Santos, Colleen Sullivan, Jonathan Huang, Everblue Management, and Great South Gate.
Rho Labs Completes $4 Million Seed Round, Led by CoinFund
On February 5, Rho Labs, founded by former Copper Chief Product Officer Alex Ryvkin, announced the completion of a $4 million seed round of financing, led by CoinFund, with participation from Auros, Flow Traders and Speedinvest. The company had completed a $2.2 million Pre-Seed round of financing in 2023, led by Speedinvest, with participation from Keyrock, Re 7 Capital, Daedalus Collective and Copper CEO Dmitry Tokarev.
On February 9, crypto payment company INXY Payments announced the completion of a new round of financing of US$3 million, led by Flashpoint VC and participated by a group of angel investors. It is reported that INXY Payments has obtained EU authorization to integrate crypto payments into traditional business operations while ensuring compliance. The new funds are intended to be used to optimize its multi-currency processing, automatic payments, and cryptocurrency and fiat currency conversion functions.
On February 5, according to official news, Henlo, a Meme coin project driven by the Berachain ecological community, announced the completion of a $3 million seed round of financing, with Framework Ventures, SNZ Capital, Rubik VC, Baboon VC, Paramount Capital, Primitive Ventures, Asylum Ventures and others participating in the investment.
On February 5, according to official news, the encrypted collaborative terminal project Herd announced the completion of a $1.8 million Pre-Seed round of financing, led by Semantic Ventures, with participation from Archetype and Hardi Meybaum.
On February 6, Fraktion, an end-to-end RWA solution, announced the completion of a €1.1 million seed round of financing, with participation from Cabrit Capital, Tezos Foundation, Vox Capital, and well-known angel investors such as Olivier Huby, Andréa Bensaïd (Eskimoz) and Guillaume Mayot (Lukeion). Fraktion will be launched on the Tezos blockchain in mid-2023, and the new funds are intended to be used to accelerate the development of its technology platform and expand its influence in the real-world asset sector.
Hex Trust Completes New Round of Strategic Financing, Led by Morgan Creek Digital
On February 7, digital asset custody and market service provider Hex Trust officially announced that it had completed a new round of strategic financing, led by Morgan Creek Digital and participated by Injective. Although the company did not disclose the specific amount of this round of financing, it disclosed that its total financing has exceeded US$100 million. Hex Trust also stated that it will launch a C round of financing later this year and make potential strategic acquisitions. Its business currently covers Hong Kong, Singapore, Dubai, France and Italy.
LayerZero makes its first strategic investment in Plume Network, betting on the RWA track
On February 5, according to official news, LayerZero announced the completion of its first round of strategic investment in Plume Network through the lzCatalyst plan. As the first full-stack L1 RWA chain and an ecosystem built specifically for real-world asset finance (RWAfi), Plume Networks Series A financing was jointly led by LayerZero, Lightspeed Faction and Animoca Ventures, aiming to accelerate its core mission of promoting the on-chain of real-world assets.
