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The 19th week of 2023 financing selection, Omni Network received 18 million US dollars
According to BlockBeats statistics, the total number of financing last week was 26, and the number has not changed much. The total amount is about 186.46 million US dollars, and the average financing amount is 7.1715 million US dollars. Among them, asset management payment occupies the main body, Metaverse/Gamefi and infrastructure financing are relatively more, DeFi and social/creator economy financing have increased, and NFT field is less. The following picture shows the financing ratio of each sector last week:
Metaverse/GameFi
There are a total of 5 financings in the metaverse/GameFi field, with a total amount of 50.68 million US dollars, accounting for 27.18% of the total financing last week.
Katmai
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On April 24, Metaverse office platform Katmai completed a financing of US$22 million, led by Starr Insurance Companies and participated by NFL Super Bowl champion Sidney Rice. Katmai aims to revolutionize the remote working environment with a new online workplace that uses a combination of 3D virtual offices, video cameras and avatars. The company combines its video conferencing with a real-time 3D engine to bring people together in immersive, customized, lifelike environments—all accessible through a browser, no VR headset required.
Goals
April 29 , Swedish NTF football game development The company Goals announced the completion of a $20 million Series A round of financing, led by Seven Seven Six, a venture capital under Reddit co-founder Alexis Ohanian, with participation from Northzone, Moonfire and Cassius. The total amount of financing has reached 39 million US dollars. The new funds will be used to accelerate the development of Goals' NFT football video game product, which is currently in pre-alpha stage, and to expand the team size.
Flappy Moonbird
On April 25, according to official news, Free-to-Play blockchain game Flappy Moonbird announced the completion of a $2 million Pre-B round of financing at a valuation of $60 million, led by FBG Capital. It is reported that Flappy Moonbird is produced by Helix Table, the studio of French video game developer and publisher Voodoo, and is the first game for the latter to enter Web3. BlockBeats previously reported that in December last year, Flappy Moonbird completed a $6 million Series A financing led by LinkVC.
Remaining financing in the Metaverse/GameFi field includes:
On April 28, Metaverse platform Transmira announced the completion of equity financing of US$4 million. nChain participated in the investment and obtained 20% of the company's equity. nChain reached a strategic partnership with Transmira in February this year and Initiate investment proposals.
On April 24, Hong Kong Stargate Universe game company completed a financing of US$2.68 million. This round of financing was fully participated by Alori Marketing Media Company. The new funds will accelerate the development of its blockchain game ecosystem and help Stargate Universe continuously launch innovative game products and services to attract more players to participate. Stargate Universe plans to release its NFT series in May, and simultaneously start the game economy Token SGUb mining activities. Players collect and trade NFTs by participating in the game. This will further promote the prosperity of Stargate Universe's game ecosystem and bring players richer game experience and benefits.
NFT/digital fashion
In the field of NFT/digital fashion A total of 2 rounds of financing, with a total amount of more than 6.1 million US dollars, accounting for 3.27% of the total financing last week.
NFTGo
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On April 28, NFT data aggregation platform NFTGo completed a strategic round of financing of US$4 million. Qiming Venture Partners and Hash Global made additional investments. New investors included 500 Global and Skyland Ventures. Fosun Group co-founder Liang Xinjun , a former Binance executive participated in the investment in his own name.
NFTGo, established in 2021, is the mainstream one-stop NFT data analysis platform of Web3, which can provide users with NFT solutions, such as NFT data analysis, transaction aggregation server and asset management services. NFTGo recently launched Data API and Aggregator API solutions.
Tribe3
April 26 , NFT derivatives trading platform Tribe3 completed $2.1 million in financing. This round of financing was participated by Spartan Capital, Newman Capital, Infinity Ventures Crypto, Modular Capital, Cogitent Ventures, Blockbuilders, Founderheads, Lapin Digital, Blockhype, etc.
Tribe3 is a gamified NFT futures exchange where users can trade NFT perpetual futures with leverage, engage in NFT tribe battles with others in the community , and earn in-game items to create personalized NFT avatars. Tribe3 is a gamified NFT futures exchange where users can trade NFT perpetual futures with leverage, engage in NFT tribe battles with others in the community, and win in-game items to create personalized NFT avatars.
It is reported that Tribe3 will launch the test network on Arbitrum on May 3, 2023. The first phase will support Bored Ape Yacht Club, Mutant Ape Yacht Club, A collection of 4 NFTs including Azuki and CryptoPunks.
DeFi
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A total of 5 financings in the DeFi field, with a total amount of 30.7 million US dollars, accounting for 16.46% of the total financing last week.
DFlow
April 25 , DeFi protocol DFlow completed 550 Framework Ventures led the round, with participation from Coinbase Ventures, Circle Ventures, Cumberland, Wintermute Ventures, Spartan Group, and ZeePrime. DFlow allows market makers to buy order flow directly from the wallet application with the guarantee that the market maker will provide execution at the best price. DFlow defines the best price as the lowest public price aggregated for centralized and decentralized exchanges.
The DFlow protocol aims to use the built-in Token incentive mechanism to encourage retail traders to pass their non-toxic order flow through the system, while preventing institutional acceptors from completely sending their Toxic order flow. The protocol explicitly partners with known sources of non-toxic order flow, such as wallets, DEX aggregators, and browser-based trading plugins, to ingest non-toxic order flow and reward users with best deal prices and attractive trader rebates . This disintermediation of exchanges not only helps retail traders avoid costly transaction fees, but also credits rebates where taker fees were previously deducted.
This protocol will allow other protocols to use DFlow as a market maker driven liquidity black box by routing orders to DFlow and receiving fill and premium rebates. This native composability has led to a compositional explosion of use cases, from structuring product order flow to liquidation management. The team will also release open source tools on Devnet and elsewhere to make auction participation, order flow routing, submitting and filling orders well documented and easily configurable.
Thetanuts Finance
On April 24, the multi-chain structured product agreement Thetanuts Finance completed 17 million USD financing, Polychain Capital, Hyperchain Capital and Magnus Capital led the round, and the new funding will help the company build new partnerships with public chains and Layer 2 networks, liquidity providers, blockchain foundations, market makers, and trading platforms.
Thetanuts Finance was founded by a team of traditional hedge fund managers and financial analysts. It is a DeFi structured product agreement for generating diversified organic income, aiming at Provides treasury management for DAOs and helps retail traders earn organic yield from their assets, launching in August 2021. Thetanuts Vault simplifies the process of options trading, making previously complex instruments accessible to any investor, enabling users to profit from volatility in a risk-adjusted manner.
The main income generated by Thetanuts is through the option transaction in the form of premium, users deposit their assets into the option vault, and then Thetanuts mortgages the assets and sells them through blind auctions Option contracts are sold to market makers for option premiums. After the blind auction, users will have their earnings confirmed in the form of their deposited assets. Such as the WBTC put option vault sold by Thetanuts. Users deposit their USDC assets into a WBTC put option vault, and Thetanuts will collateralize the USDC assets and sell them to market makers via a blind auction to collect option premiums in advance.
Catalyst
On April 27, Catalyst, a full-chain liquidity protocol, completed a $4.2 million financing round. By Spartan Group, Maven 11, Robot Ventures, Alchemy Ventures, Circle Ventures, Polygon Ventures, and Hashkey participated.
Catalyst allows the liquidity of any chain to connect to the liquidity of another chain without permission, so that the new application-specific chain can automatically transfer the Transfer to or from any other chain. Catalyst works by being lightweight and scalable enough to run on any chain, regardless of virtual machines, consensus mechanisms, etc. Catalyst uses the concept of "liquidity units" to allow a universal understanding between any Catalyst smart contracts on any chain, so any Catalyst-integrated chain can automatically transfer value to or from any other Catalyst-enabled chain chain transfer value.
It is reported that the latest funds will be used to audit the protocol code and expand its team. Catalyst allows liquidity to be connected permissionlessly from one chain to another, and any new modular blockchain network can automatically connect liquidity. It is still in the early stages and plans to launch its mainnet by the end of this year.
Remaining financing in the DeFi field includes:
April 27th, modular DEX infrastructure Native announced the completion of a US$2 million seed round of financing led by Nomad Capital. The funds raised will be used for product development to achieve modularity and interoperability.
On April 25th, the decentralized asset management platform Teahouse Finance Announced a new round of financing of US$2 million, led by venture capital and accelerator AppWorks. In addition to a round of financing in 2021 involving blockchain venture capital firms Pantera Capital, NGC Ventures, and Perpetual Protocol, Teahouse Finance has raised a total of $5 million in financing so far.
Social/Creator Economy
A total of 4 financings in the social field, with a total amount of 11.98 million US dollars, accounting for 6.42% of the total financing last week.
TinyTap
April 25, User Generated Content (UGC) educational technology company TinyTap completed $8.5 million in financing at a valuation of $100 million, with participation from Sequoia China, Shima Capital, Polygon, Liberty City Ventures, Kingsway Capital, and GameFi Ventures. BlockBeats previously reported that Animoca Brands announced in June 2022 that it would acquire 80.45% of the issued capital of educational content platform TinyTap for a consideration of $38.875 million in cash and stock. Animoca Brands owned 84.13% of TinyTap at the time.
By integrating TinyTap with the blockchain and tokenizing the learning process, the users of the TinyTap platform are divided into three categories: supporters, educators, and students. Backers will be able to endorse topics they care about, support course topics by purchasing ownership of topic domains, and enjoy revenue generated from content hosted on their domains. Educators will own their content, content creators will own their content by minting it as an NFT, which they can host or sell on themed domains, allowing them to earn revenue directly without TinyTap as a middleman. Students will have a lifelong record of their academic achievements, from childhood through college, and students studying with TinyTap will be able to store their credentials on the blockchain and earn access passes to additional content.
Remaining financing in social/creator economy includes:
On April 25th, blockchain book publishing platform Libraro announced the completion of 2 million pounds (about 2.488 million US dollars) of financing, nChain participated in the investment. It is reported that Libraro allows writers to publish the content of their works to its platform, and uses blockchain technology to record and protect the copyright of uploaded materials to ensure the "integrity" of the platform. The company also launched NFT digital collections as user incentives.
On April 24, the world's first LBS social graph protocol Dspace completed 100 It will be launched simultaneously in the Middle East and Hong Kong, led by Cypher Capital. It is reported that DSpace was jointly launched by Cypher Capital and BuzzAR, an AI and AR infrastructure company, to provide more than 100 million offline POI (Point of Interest) and 5 billion mobile Internet users around the world with social graph protocol services based on real geographic locations. It will also set up global dual headquarters in Riyadh, the capital of Saudi Arabia, and Hong Kong.
On April 27, the DID credit agreement Getaverse announced Completed a new round of financing. The specific financing amount was not disclosed. This round of financing was participated by LD Capital. The new funds will be used to expand the DID platform, develop DID credit management systems and #AI components, and improve user experience. Getaverse is an innovative , Scalable DID credit protocol, the user's DID identity information, credit score and interactive behavior are closely connected with the agreement, and the real multi-chain sharing of the user's DID identity is realized at the technical level. In the future, we will continue to give full play to the advantages of the DID platform and standardize SBT technology. Provide more SBT application use cases and promote the innovative development of decentralized identity management.
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Infrastructure
Omni Network
On April 26, the Ethereum interoperability protocol Omni Network announced the completion of US$18 million in financing. Pantera Capital, Two Sigma Ventures, Jump Crypto, Hashed, The Spartan Group, etc. participated in this round of financing. Omni Network stated that its core technology partners include EigenLayer, the Ethereum re-pledging protocol, and Arbitrum, Polygon, StarkWare, Scroll, Linea, the second-tier expansion network of Ethereum.
Omni Network consists of validators who re-stake ETH and monitor the Roll-Up status. These validators relay state updates from one domain to others and provide cryptoeconomic guarantees of validity, otherwise their ETH would be slashed. This means that Omni Network will be the first developer platform to offer interoperability as a feature, with security derived from the Ethereum network and ETH assets.
By leveraging Tendermint consensus and the flexibility of the Comsos SDK, our validator can be more Agree on Roll-Up status quickly. Thus, Omni is a fast settlement layer for Roll-Up, acting as a fast messaging layer for any Roll-Up or domain stabilization to L1. By leveraging Tendermint consensus and the flexibility of the Comsos SDK, our validators can reach consensus on Roll-Up states faster than L1. Thus, Omni is a fast settlement layer for Roll-Up, acting as a fast messaging layer for any Roll-Up or domain stabilization to L1.
Omni itself is also a programmable stateful layer, so developers can take advantage of its quick setup and secure interoperability to build native cross-Roll-Up applications. Omni's execution layer is EVM-compatible, enabled by Evmos' Ethermint, so developers can work in the familiar Solidity and EVM environment. The execution layer includes built-in functionality to access status, messaging, and apps from integrated Roll-Ups, creating a seamless experience to access users and liquidity within these Roll-Ups.
Credora
On April 25, Credora, an infrastructure company that provides credit for centralized and decentralized institutions, completed 600 million dollars Financing, S&P Global, Coinbase Ventures, Spartan, Amber Group, CMT Digital, Hashkey, GSR, KuCoin Ventures, liquidity provider Paradigm.co, Pirata Capital, Breed VC, WAGMI Ventures, etc. participated in the investment. It is reported that Credora was established in 2019 to provide lending infrastructure and a credit rating system tailored for the private credit market. The company says its privacy-preserving technology enables lenders to make informed real-time decisions without compromising borrower information. To date, Credora has facilitated more than $100 million in loans, according to the company.
Remaining financing in the infrastructure sector includes:
< p>On April 25, MetaForm, a Web3 CRM solution provider, completed a $2.5 million seed round financing, led by Cherubic Ventures, Ondine Capital, Red Building Capital , Tribe Accelerator participated in the vote. According to reports, MetaForm can collect feedback and data, and provide other functions such as NFT creation, and MetaCRM plans to integrate ChatGPT into the system.
On April 26, D3 Labs, a Web3 start-up company, announced the completion of the Pre-Seed round of financing. Undisclosed, Saison Capital, Kinesys Capital, Arkana Capital, EX Capital, Qredo, DS/X Venture, and the UOB Venture Management blockchain fund UVM Signum Blockchain Fund and Signum Capital of United Overseas Bank participated in the investment, and the new funds will be used to build Minimum Viable Product (MVP). It is reported that D3 Labs mainly provides enterprise users with "programmable currency" technology solutions and infrastructure, which is expected to be released in May this year.
On April 26, Amboss, a start-up for data analysis of the Bitcoin Lightning Network, announced the completion of a $4 million seed round of financing. Stillmark, Valor Equity Partners, Draper Associates, Fulgur Ventures and Ride Wave Ventures participated in the investment. The new funds will It is used for AI research and product development, and promotes the automation of node and channel management. It is reported that Amboss uses data, analytics and social components to enable users to make strategic decisions in routing payments through the Lightning Network. Amboss said that the Lightning Network nodes of Kraken Exchange and TBD, a subsidiary of Jack Dorsey’s Block, are currently hosted on the Amboss platform.
Digital asset management/payment
A total of 3 financings in the field of digital asset management/payment, with a total amount of more than 52.9 million US dollars, accounting for 28.37% of the total financing last week %.
42Markets Group
April 25, Mesh parent company fintech incubator and investment group 42Markets Group Announces $10 million acquisition from Convergence Partners USD Growth Funding to facilitate the growth and development of its portfolio companies including Mesh, Andile and FXFlow. Mesh (Mesh.trade) was co-founded in 2019 by Managing Director Connie Bloem and 42Markets Group CEO Andries Brink, aiming to bridge the gap between TradFi, AltFi and DeFi, allowing market participants to issue, tokenize, trade, settle and Manage multiple classes of digital securities. Initially launched on the Stellar blockchain, Mesh is currently working on integrating with other L1 blockchains to launch a new range of asset classes.
Zodia Custody
On April 27, Zodia Custody, an encrypted custody platform under Standard Chartered Bank, completed a US$36 million Series A financing led by Japanese financial giant SBI. SBI Holdings is now Zodia Custody's second-largest shareholder and the funds raised will be used for geographic expansion outside European and Asian markets, with the company also interested in opportunities in the Middle East. However, the US is excluded for the foreseeable future due to "uncertainties in the regulatory roadmap". The funds will also be used to add more digital assets to Zodia’s reach.
Remaining financing in the infrastructure sector includes:
On April 27th, the encrypted wallet Giddy announced the completion of a new round of financing of US$6.9 million. This round of financing was participated by Pelion Venture Partners, Peak Capital Partners, Clarke Capital, etc., including Geremy Mustard, the co-founder of Fortnite strategic investment. Pelion led Giddy’s $8 million funding round in 2022, bringing the company’s total funding to date to more than $15 million. Proceeds from the new capital will be used to advance its strategy to bring crypto to the masses through its “recoverable self-hosted smart wallet technology,” Giddy said.
Other financing
A total of 2 other financings, with a total amount of 3.6 million US dollars, accounting for 1.93% of the total financing last week. Including:
On April 25, Rise Works, a Web3 payroll and compliance solution, completed a seed round of financing with an undisclosed amount co-led by Sino Global Capital and Polymorphic Capital , Draper Associates, Hashkey Capital, Paradigm Shift Capital, WW Ventures, P2P, and Cosmo Capital participated. Hugo Finkelstein, CEO of Rise Works, said that Rise Works is a cryptocurrency-native payment processor that hopes to take advantage of the gap left by the bankruptcy of TradFi’s banking industry. The company aims to attract both encryption-native and traditional companies. Spanning "Web 2.5," the startup's payroll solution works with fiat- and cryptocurrency-based treasuries and corresponding internal accounting systems.
On April 28, Secro e-Bill, a blockchain digital bill of lading platform provider, completed a $3.6 million seed round of financing led by Augment Ventures and TMV, with participation from Kluz Ventures and Grit and Gumption Ventures. The new funds will be used to expand its platform, develop new features and expand its network of business partners. Built on NEM Symbol's private blockchain, Secro enables users to export proof of original documents, attach supporting documents to electronic bills of lading and convert the latter to paper form, thereby meeting compliance prerequisites and local customs requirements.
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