New projects to watch: Week 32 funding picks for 2022

< b>Reason for attention: Accelerate the practical infrastructure of NFT, with high commercial value and strong development team.

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BlockBeats news, on July 28, the NFT index company Center completed a $ 11 million seed round of financing, Thrive and Founders Fund participated in the investment.

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Center is an NFT indexer built by a team of developers from companies such as Coinbase, Facebook, and Google. It aims to index and organize NFTs on various blockchains, Create prerequisites and an important foundation for the expansion of NFT's practicality. According to Center's official Blog, there are currently more than 120 million NFTs in its database.

So what problem does the NFT indexer solve? Imagine that if a project wants to build a web application, it must first index other web pages on the Internet, or write its own from scratch. Drive plug-ins, then today's Internet will not be so innovative and practical, because everyone is busy building their own underlying facilities, and has no intention of polishing the product itself.

The same is true for the practicability of NFT. Although there are countless NFT series, as the application layer software, I want to give these NFT Practicality must index them one by one. These slow down the innovation speed of NFT applications, and indirectly limit the practicality of NFTs. What Center wants to do is to index all NFTs and provide NFT applications with the underlying Foundation, so that the team can focus on the application development itself.

The Center team previously launched an NFT rendering API , to provide NFT vector thumbnails for NFT applications and trading platforms. Through this API, developers can display almost any NFT on the chain in their own applications with just a few lines of code, just like adding HTML images. According to Center’s official website , the team has pre-rendered and indexed over 150 TB of NFT media.

Additionally, Center's embedded NFT search API provides an embedded search engine for various NFT applications, which can be searched in free text format to speed up the construction of NFT applications. Currently Center has indexed more than 120 million NFTs.

VeeFriends

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Reason for attention: a16z invests, what new actions will the celebrity NFT project of social celebrities have?

BlockBeats news, on July 29, VeeFriends announced the completion of the seed round of financing, led by a16z.

VeeFriends is an NFT series created by American socialite Gary Vaynerchuk and part of his NFT collection The name aims to use NFT and its smart contract functions to build a community and boost its own business ideas and enthusiasm. There are a total of 10,255 NFTs in the Series 1 series. Holders of this series of NFTs will automatically become members of the VeeFriends community and gain access to VeeCon.

VeeCon is an event exclusively for VeeFriends NFT holders, each NFT can be used for Holders provide access for three years. The event mainly revolves around business, marketing, creativity, entrepreneurship, etc., with a focus on curating the best experience for the community built by Gary, bringing great commercial and informational value to all NFT holders in attendance. Dates and locations are announced 180 days in advance of each VeeCon event, and the first VeeCon was held on May 19 this year in Minneapolis, Minnesota.

The highly anticipated VeeFriends Series 2 series was also released a few months ago with a total of 55,555 pieces NFT. Series 2 has partnered with zerocool for a free collectible trading card case. Buyers of Series 2 will receive a box for every NFT minted at the time of purchase, with no additional production and shipping costs.

In addition, since the launch of VeeFriends, Gary has been exploring how to make the series of IP characters Online and offline development. It is reported that this round of financing will be used to build the future intellectual property rights of 283 VeeFriends characters and promote the expansion plans of its creative, technical and experience businesses.

DeFi

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A total of 4 financings in the DeFi field, with a total amount of 31 million US dollars, accounting for 4.19% of the total financing last week. Although the market is sluggish, what can be felt is the "absolute love and loyalty" of institutions to the DeFi field. Once a strong team and a novel model emerge, top institutions will flock to it, which is hard to see in other sectors arrived.

Aurigami

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Reason for attention: Strong investment lineup, novel Token unlocking mode.

BlockBeats news, on July 29, Aurora’s ecological lending agreement Aurigami completed $12 million in financing through Token sales, led by Dragonfly Capital and Polychain Capital, Coinbase Ventures, Alameda Research, Jump Crypto , Amber Group and others participated in the investment.

Aurigami is a DeFi lending protocol on the NEAR ecological EVM expansion network Aurora, which aims to provide users with convenient encrypted loans and and maximize profits. According to DefiLlama data, Aurigami TVL is currently about 22.42 million US dollars, making it the third largest DeFi protocol on Aurora. Aurigami plans to support NEAR’s native stablecoin USN as a borrowable asset within the year and support cross-chain lending.

In general, Aurigami has the same There is no similarity or difference. According to Aurigami's official website, the agreement provides liquidity to obtain an interest rate of 8% or even 12%. The innovation of Aurigami is not in lending itself, but in the model design of its native Token.

Aurigami has launched a model called LLT (Liquid Locked Tokens) for Suppress the speculative behavior of "employment capital" and ensure that the long-term interests of protocol users and the protocol itself are aligned. This model is similar to the veToken model, but it is mainly used to bring liquidity to the Token quota that has not yet been unlocked.

PLY is Aurigami's native token, used to motivate participants and govern the protocol. PULP is PLY that has not been unlocked, which is equivalent to veToken and is a tradable certificate. Investors holding PULP can exchange PLY in equal amounts after the lock-up period ends. If investors wish to exit before the lock-up period ends, they can sell their PULP in exchange for liquidity. The buyer can obtain the opportunity to arbitrage PLY at a price lower than the market.

In addition, in order to better motivate investors, Aurigami also launched the Papermill mechanism. After the creation phase of PLY is completed, users can start to claim their own pre-mined Token. Within the first week, they will get 5% of PLY and 95% of PULP. The longer the claim time is delayed, the higher the proportion of PLY will be. , by the 48th week, users will be able to obtain 99% PLY/1% PULP Token distribution.

Quasar Finance

Reason for attention: Cosmos ecological custom revenue aggregator, what potential can be released with the help of IBC technology?

BlockBeats news, on July 28, DeFi investment platform Quasar Finance completed a financing of 6 million US dollars, Polychain Capital, Blockchain Capital, Figment Capital, Lightshift Capital and others participated in the investment.

Quasar Finance is a DeFi application chain based on Cosmos, designed to utilize IBC and custom The Vault income strategy has become the capital management hub of the Cosmos ecosystem, and has built a series of highly accessible structured investment products for the Cosmos DeFi ecosystem.

The first product launched by the Quasar team is a cross-chain multi-vault investment strategy platform that supports IBC . Each Vault in Quasar represents an automated income strategy, covering cross-chain income aggregation, lending, etc. Liquidity providers can choose to pledge a single asset in different Vaults to obtain the income brought by the corresponding strategy.  

The team plans to integrate Quasar with DEX Osmosis of the Cosmos ecosystem in the early stage to promote Osmosis' TVL and volume, thereby helping Vault easily execute complex strategies, resulting in lower slippage and more efficient capital allocation for Quasar LP.

The interesting point of Quasar is that it allows users to build vaults according to their own investment strategies. By staking the governance Token QSR, users can freely add new Vault strategies on Quasar, providing LPs with diversified investment options in this way. Users who establish Vault can get a certain percentage of LP revenue.

Social

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A total of 6 financings in the social field, with a total amount of 20.85 million US dollars, accounting for 2.82% of the total financing last week. The development of the social track has gradually shown a multi-chain trend. From focusing on the Ethereum ecosystem a few months ago, to now self-built application chains, using other L1 public chains, and making diversified choices for different social content needs.

Trustless Media

Reason for attention: The investment lineup is strong, and the founders have rich experience in media, which is an interesting exploration of decentralized media.

BlockBeats news, on July 27, Trustless Media announced the completion of a $3.25 million seed round of financing, led by Alameda Research, with participation from Ava Labs and Red DAO.

Trustless is a decentralized media platform designed to partner with content creators through NFT connects content audiences and creators. Users who hold the NFT of a specific program can obtain viewing rights and participate in the production of the program through on-chain voting, similar to Mad Realities, which was previously invested by Paradigm.

Trustless Media's first edition of "Network NFT" is built around game theory and trust experiments Its governance community has a total of 1,000 tokens. The team will invite its four main investors to participate in the casting, namely SBF, Ava Labs President John Wu, GV Partner Terri Burns and NYU alumni Kaspar. The four people can then invite other people to participate, which will have a chain reaction on the invited "Network NFT" community members.

Coinage, the first flagship NFTV show from platform founder Zack Guzman, is expected Launching this fall. Guzman was previously a senior reporter for Yahoo Finance and CNBC, and Coinage hopes to focus and explore the big stories in the crypto world with a critical eye.

After the end of the first season of Coinage, Trustless Media will release a total of 9,000 NFTs to the public "Caucus NFT" series, so that the community can jointly create the second season of the flagship program. In addition, Trustless Media also has a "Subscriber NFT". This series has no maximum supply limit, can be minted for free, and holders can obtain viewing rights for platform programs.

ILUMA

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Reason for attention: Created by YC alumni to solve the information overload problem commonly faced by DAO organizations.

BlockBeats news, on July 26, Web3 community management service provider ILUMA announced the completion of a $2.5 million pre-seed round of financing, led by Acrew Capital, Orange DAO, HiveHatch and others Participation from Web3 investors.

Founded by YC alumni and AI expert Ricardo Garcia-Amaya, ILUMA is a DAO and Web3 The community's information management tool uses AI technology to filter information in the community, saving time for community leaders and participants. Through ILUMA, leaders and members of the DAO and Web3 communities can keep up with the latest happenings in the community within minutes, complete hundreds of chat conversations, and contribute to relevant discussions as they occur.

In fact, the explosion of Web3 news is a problem that all industry participants have to face. It is especially evident in the DAO field: the community has new proposals every day, or new members join, chat content and document information are scattered in different communication platforms and data sites. Members of a DAO often fall behind or fail to contribute because they miss out on the news.

ILUMA hopes to rely on AI to solve this problem. Machine learning collects and organizes the most critical DAO data, and builds a knowledge center for the DAO organization. This way, leaders can create a more holistic onboarding experience, making it easy to understand the roles that are best suited for new hires. For DAO members, you can have a conversation with ILUMA's AI assistant to get timely information about the DAO organization and clear onboarding steps.

In addition, ILUMA has created two targeted products for DAO members and developers , and charge users a monthly subscription fee: 「Superman」inbox, this is a communication application specially created for DAO members. It uses AI to classify and prioritize incoming messages for easy Members capture their most important news based on their work. DAO Builder Dashboard, this is a DAO dashboard for developers, which provides developers with the latest Bounty, new trends, and new DAO organizational information based on AI.

ILUMA’s products have been adopted by one of the investors, Orange DAO, which has With thousands of YC alumni, it is an investment DAO that cannot be underestimated in the Web3 field. It is worth mentioning that Ricardo, the founder of ILUMA, is currently also a member of the governance committee of Orange DAO.

DSCVR

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Reason for attention: The performance of DFINITY ecological application in terms of scalability, accessibility and user experience is worthy of attention.

BlockBeats news, on July 25, DFINITY ecological Web3 social network DSCVR completed a $9 million seed round of financing, led by Polychain Capital, Upfront Ventures, Fyrfly Venture Partners, Shima Capital, etc. Participate in voting.

DSCVR is a decentralized social content platform based on Internet Computer, similar to Reddit. Users not only control the content they create, but also control the platform itself. The platform is currently in beta, and according to the project’s official website, it has accumulated more than 14,000 users in the past two months.  

There are two types of governance tokens in DSCVR, social tokens and service tokens, the former is used for Determine the development direction of the platform, and the holders of the latter Token will focus on creating economic value for the platform.

Governance is critical for DSCVR to achieve its own decentralized future, the team proposes two Main concept: users obtain governance rights through Token, make product decisions to guide the development direction of the platform; Vote with the portal to get Token rewards. DSCVR uses this mechanism to allow the most valuable and dedicated community members to gradually determine the future of the platform.

In the future, the DSCVR team will build an open protocol called Social Fabric for sharing DSCVR A platform model that enables users to leverage the protocol to create independent, self-governing community platforms. This is also an important reason why the team chose Internet Computer. The founder of DSCVR once said that ICP allows the team to build a fully decentralized full-stack application, while providing the required network speed to bridge the gap between centralized and decentralized products. Gaps in user experience.

This round of financing will be used to accelerate the product roadmap, as well as other Token and NFT ecology Integrate and launch governance tools to help the DSCVR community become a decentralized autonomous organization.

SpiderVille

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Reason for attention: An interesting attempt on the music NFT track.

BlockBeats news, on July 25, Web3 music start-up SpiderVille announced the completion of a pre-seed round of financing of US$1 million, with participation from Samsung Next and Contents Technologies.

SpiderVille is a Web3 music laboratory dedicated to exploring new technologies and models, aiming to create an easy-to-use, reliable and fun music environment. The first product launched by the company is a streaming music platform called Ooh La La, which can aggregate music NFTs from different public chain ecologies. Currently, it has three main functions: music files, playlists, and popular track recommendations.

Music Profile is used to show users in different platforms and communities The music NFT owned by the user can display their music collections on platforms including Sound.XYZ, Catalog, MintSongs, Nifty Gateway, etc. after the user connects to the wallet. This feature can help music collection lovers easily share and curate their collection of music, and connect users with similar interests.

Playlist allows users to play without holding music NFT Next, include other people's music NFTs in the list you create. Top track recommendation is to help users discover popular tracks on different Web3 music platforms.

This round of financing will be used to continue the development of Ooh La La, as well as other infrastructure to improve the music industry and prepare for scalability.

Infrastructure

A total of 6 financings in the field of infrastructure, with a total amount of more than 190 million US dollars, accounting for 25.87% of the total financing last week. The financing of infrastructure has increased significantly this week, mainly because new public chains using Move language such as Aptos have attracted the attention of capital and the market.

Aptos

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Reason for attention: Celebrity public chain, strong lineup of investors and developers, high market expectations.

BlockBeats news, on July 25, Aptos, a public chain project founded by Diem’s former team members, completed a $150 million financing, led by FTX Ventures and Jump Crypto, Griffin Gaming Partners, Circle Ventures and Superscrypt participated in the investment. Aptos has raised $350 million so far this year, valuing the company at $2.75 billion.

Aptos is one of the emerging public chains that have attracted a lot of attention recently. The Move language has a smoother and more natural programming logic. Although it is still in the mainnet testing stage, it has attracted a large number of teams and developers, and the applications in the ecosystem have begun to take shape.

BlockBeats has previously reported many emerging public chains such as Aptos and Sui, see " Aptos VS Sui, who has the advantage of the two upstarts in the public chain? ". For details on the ecological application of Aptos, please refer to "Aptos, the leader of the new public chain, 34 project ecology has begun to take shape".

Space and Time

Reason for attention: Strong investment lineup, adding fuel to the field of data analysis and indexing on the SQL chain, and also building for traditional Web2 enterprises Web3 interface.

BlockBeats news, on July 28, the decentralized data platform Space and Time completed a $10 million seed round of financing, led by Framework Ventures, IOSG Ventures, Digital Currency Group (DCG ), SamsungNext and others participated in the vote.

Space and Time (hereinafter referred to as SxT) is a Web3 SQL protocol designed to become a Web3 native decentralized data warehouse that can help Web2 and Web3 applications to A low-cost and secure way to quickly analyze data on the chain, and supports cross-chain, low-latency, and tamper-resistant data query and analysis.

The various tracks in the Web3 field are developing rapidly, with new use cases almost every day, which is important for Individuals and businesses wanting to understand and adopt Web3 technologies pose certain barriers. The team had to bridge the technology gap between Web2 and Web3, and reconcile and apply new ways of thinking to their own product business design. SxT hopes to build a SQL data warehouse familiar to traditional teams to help Web2 enterprises understand and adapt to the operational reality of Web3 faster.

The core of SxT is a SQL database, users can use REST and GraphQL these familiar tools to submit API requests. SxT runs in a decentralized manner and introduces a new "SQLtm Proof" encryption mechanism to enhance the tamper resistance of its SQL. Any individual or enterprise can become its node operator, and the rewards obtained through computing power contribution can offset the cost of using SxT.

In addition, SxT also adopts two ways of end-to-end encryption and private node cluster to Improve access and security of data on its network. End-to-end encryption is the built-in encryption that SxT protects its network data, a mechanism that does not prohibit third parties from accessing network data, but makes it unreadable to anyone outside the organization. Private node cluster allows data-sensitive enterprises to build their own SxT cluster in their internal network and only serve internal requests. Of course, this does not preclude private clusters from participating in multi-cluster connections again when needed, so it is still feasible for enterprises to connect to external datasets via appropriate networks.

For dApp developers, SxT's SQL tool can help the team quickly find and determine the Transactional SQL, and ensure CAP (Competitive Access Provider) consistency and ACID (Atomic, Consistent, Isolated, and Durable) compliance. At the same time, SxT can also perform scalable OLAP (Online Analytical Processing) queries, integrate on-chain and off-chain data, and make multi-chain indexing and anchoring data easier.

Topl

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Reason for attention: Cooperate with Fortune 500 companies to connect the value of data on and off the chain.

BlockBeats news, on July 26, the blockchain ecosystem Topl announced the completion of a US$15 million Series A financing, jointly led by Mercury, Republic Asia and Cryptology Asset Group.

Topl mainly provides blockchain technical services for traditional enterprises, and is currently working with some Fortune 500 companies to transfer their internal ESG reporting systems to Topl on the blockchain. Topl can help companies track their social impact plans and tokenize them. By the end of this year, the Topl ecosystem expects to have about 40 to 50 projects on the chain.

This round of financing will be used to expand the team in the next year and further decentralize for community governance and release of its 2 new blockchain-based applications.

Digital asset management/payment

A total of 8 financings in the field of digital asset management/payment, with a total amount of more than 230 million US dollars, accounting for 31.43% of the total financing last week. The digital asset management and payment track is mainly aimed at institutional and high-net-worth individual customers, and it is difficult for ordinary encrypted users to get a share of it.

CLST

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Block Beats news , On July 25, TNG Digital, a Malaysian digital wallet Touch 'n Go eWallet service operator, announced the completion of US$168 million in financing, led by Lazada and Touch 'n Go. TNG Digital, co-founded by Touch'n Go and Ant Group, has successfully raised a total of approximately US$224 million in funds in the past 18 months, aiming to further strengthen its presence in the fields of e-commerce, digital finance and payments in Southeast Asia. market leadership.

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BlockBeats previous financing selection:

《The 30th week of 2022 financing project selection combing: more than 300 million US dollars injected assets and GameFi"

"2022 Week 31 Financing Highlights: $130 Million Injected into Asset Management Track》

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