According to incomplete statistics from Odaily Planet Daily, a total of 31 domestic and overseas blockchain financing incidents were announced from March 25 to March 31, which was a decrease from last week’s data (40 cases). Total disclosed funding was approximately $278 million, up from last week’s figure ($266 million).
Last week, the project that received the largest amount of investment was the NFT card chain game Parallel (USD 35 million); the modular AI chain data availability protocol 0G also followed closely (USD 35 million).
The following are specific financing events (Note: 1. Sorted according to the announced amount; 2. Excludes fund raising and mergers and acquisitions; 3. *Represents companies in the "traditional" field where some businesses involve blockchain):
Blockchain game Parallel completes $35 million in financing, with participation from Solana Ventures and others
On March 28, according to official news, the NFT card blockchain game Parallel announced the completion of US$35 million in financing, with participation from Solana Ventures, Amber Group, Distributed Global, Big Brain Holdings, OSS Capital, VanEck, Focus Labs and others.
Modular AI chain data availability protocol 0G completes $35 million Pre-Seed round of financing, led by Hack VC
On March 26, the modular AI chain data availability protocol 0G announced the completion of a $35 million Pre-Seed round of financing, led by Hack VC, with participation from Alliance, Animoca Brands, Delphi Digital, Stanford Builders Fund, Symbolic Capital and OKX Ventures. The specific valuation information of this round of financing has not yet been disclosed. The new funds will be used to hire engineers and build 0G's market functions, community and ecosystem.
Crypto game development company Gunzilla Games completes $30 million in financing, led by CoinFund and others
On March 26, crypto game development company Gunzilla Games announced the completion of a $30 million financing round, led by Avalanche's Blizzard Fund and CoinFund. The new funds will support the development and release of its upcoming free battle royale video game "Off the Grid", which is planned to be launched on PlayStation, Xbox and PC.
dappOS completes $15.3 million Series A funding round at $300 million valuation, led by Polychain Capital
On March 28, the intention execution network dappOS completed a US$15.3 million Series A financing round with a valuation of US$300 million, led by Polychain Capital, with participation from Nomad Capital, IDG Capital Vietnam, Flow Traders, IOBC Capital, NGC Ventures, Amber Group, UpHonest Capital, Taihill Venture, Waterdrip Capital, Bing Ventures, Spark Capital and Metalpha.
Peaq Completes $15 Million Funding, Led by Generative Ventures and Borderless Capital
On March 27, the DePIN Layer 1 protocol Peaq completed a US$15 million financing round, led by Generative Ventures and Borderless Capital, with participation from Spartan Group, HV Capital, CMCC Global, Animoca Brands, Moonrock Capital, Fundamental Labs, TRGC, DWF Labs, Crit Ventures, Cogitent Ventures, NGC Ventures, Agnostic Fund, Altana Wealth and others.
Web3 game company Elixir Games completes $14 million seed round of financing, with Square Enix and others participating
On March 28, Web3 gaming company Elixir Games announced the completion of a $14 million seed round of financing, with participation from Shima Capital, Solana Foundation, and gaming giant Square Enix. The company’s total financing has reached $20 million so far. Elixir Games will use the funds to develop its gaming ecosystem, which will be launched in the second quarter of 2024, and will also launch the ELIX token that supports the company’s gaming products.
Decentralized cloud infrastructure provider Hive completes $13 million Series A financing, led by SC Ventures
On March 27, Hive, a decentralized cloud infrastructure provider, announced the completion of a $13 million Series A financing round, led by SC Ventures and participated by OneRagtime and others. Hive has built a centralized model for cloud computing that aims to aggregate unused hard drives and computing power of personal devices. This decentralized reorganization should help companies plan cloud-related expenses more effectively, promote server autonomy rather than dependence on a few cloud providers, and reduce energy use.
MyPrize completes two rounds of financing totaling US$13 million, with a valuation of US$140 million
On March 26, the Web3 gambling game platform MyPrize completed two rounds of financing totaling $13 million, with a valuation of $140 million. Its first round of financing of $5 million was completed in October last year, and the second round of financing of $8 million was completed this month. The two rounds of financing were led by Dragonfly and Boxcars Ventures, respectively, and participated by a16z Scout, Mechanism Capital, Arrington Capital, Breed VC, JST Capital, 2 Punks Capital, etc. Pudgy Penguins CEO Luca Netz, Blockchain.com co-founder Peter Smith, Sei Labs co-founder Jeff Feng, Jack Entertainment's Steve Rosenthal, Spencer Noon and other angel investors participated in the investment.
Blockchain game Illuvium completes $12 million Series A financing, led by Animoca Brands and others
On March 27, according to official news, blockchain game Illuvium announced the completion of a $12 million Series A financing, led by King River Capital, Animoca Brands, Arrington Capital, and Spartan Capital, with participation from GoldenChain, Arca, Selini Capital, Laser Digital, Polygon Ventures, 32-Bit Ventures, Yield Guild Games, N 8.Capital, Seven Capital, etc. The new financing will be used to develop new game projects within the Illuvium ecosystem.
Web3 AI platform MyShell completes $11 million Pre-A financing, led by Dragonfly
On March 27, MyShell, a Web3 artificial intelligence platform focused on creators, announced the completion of US$11 million in Pre-A financing, led by Dragonfly, with participation from Delphi Ventures, Bankless Ventures, Maven 11 Capital, Nascent, Foresight Ventures, GSR, Animoca Ventures, Nomad Capital and OKX Ventures, as well as many well-known angel investors such as Balaji Srinivasan, Illia Polosukhin, Casey K. Caruso, Santiago Santos and others.
Modular blockchain Sophon completes $10 million in financing, with SevenX Ventures, OKX Ventures and others participating
On March 30, according to official news, modular blockchain Sophon completed US$10 million in financing, with Paper Ventures, Maven 11, The Spartan Group, SevenX Ventures, OKX Ventures, HTX Ventures and others participating in the investment.
Bitcoin's second-layer network BOB completes $10 million seed round of financing, led by Castle Island Ventures
On March 28, Bitcoin's second-layer network BOB (Build on Bitcoin) announced the completion of a $10 million seed round of financing, led by Castle Island Ventures, with participation from Mechanism Ventures, Bankless Ventures, CMS Ventures and UTXO Management, as well as some angel investors. BOB is a hybrid second-layer network that sits on top of the Bitcoin blockchain but is compatible with Ethereum.
Bitcoin DeFi platform ALEX completes $10 million in new round of financing
On March 26, Bitcoin DeFi platform ALEX announced the completion of a new round of $10 million in financing, led by Spartan Capital, with participation from CMS Holdings, DACM, DWF Labs, Foresight Ventures, G-20 Group, Ouroboros Capital, Summer Capital, Cultur 3 Capital and EVG. As of now, the total locked value of ALEX is nearly $200 million, and the total transaction volume of 52,892 wallets exceeds $1.3 billion.
Modular L2 development company Reya Labs completes $10 million in financing, with participation from Coinbase Ventures and others
On March 26, Reya Labs, a modular L2 Reya Network development company, announced the completion of a $10 million financing round, with participation from Coinbase Ventures, Wintermute, Fabric Ventures, Framework Ventures, Brevan Howard Digital, Amber Group, and Robot Ventures. Reya Network mainly creates liquidity, capital efficiency, and performance for DeFi traders and liquidity providers. The new funds will be used to promote its launch of the Liquidity Generation Activity (LGE) in April.
RWA Project Midas Completes $8.75 Million Seed Round
On March 29, according to official news, the RWA project Midas completed a seed round of financing of US$8.75 million, led by BlockTower, Framework and HV Capital, and participated by Coinbase Ventures, Ledger, GSR, Hack VC, Axelar and FJ Labs. It is reported that Midas is an asset tokenization project. mTBILL, as the first product launched by Midas, will track short-term US Treasury bonds. Each mTBILL token represents one share of the BlackRock German Bond ETF.
BlockGames completes $6 million in financing and plans to launch BLOCK token pre-sale today
On March 26, BlockGames revealed that it had completed a new round of financing of US$6 million, led by Newman Group, 32-Bit Ventures, Cypher Capital, Sfermion Capital and others.
Web3 AI project FLock.io completes $6 million seed round of financing, led by Lightspeed Faction and Tagus Capital
On March 28, the Web3 AI project FLock.io completed a $6 million seed round of financing. This round of financing was led by Lightspeed Faction and Tagus Capital, with participation from DCG, OKX Ventures and Volt Capital. As of now, the company's total financing has reached $8 million. It is reported that FLock will use this money to grow its team and develop an artificial intelligence training platform driven by federated learning.
Bitcoin L2 project Bitlayer completes $5 million seed round of financing, led by Framework Ventures and ABCDE Capital
On March 27, Bitcoin Layer 2 infrastructure Bitlayer announced on the X platform that it had completed a $5 million seed round of financing, led by Framework Ventures and ABCDE Capital, with participation from StarkWare, OKX Ventures, Alliance DAO, UTXO Management, Asymmetric Capital, Kenetic Capital, Pivot Global, Web3Port, Mindfulness Capital, C 6 E Capital, PAKA, Comma 3 Capital and Kronos Ventures, as well as angel investors including Asymmetric Capital founder Dan Held, Messari CEO Ryan Selkis and co-founder Dan McArdle, and Sky Mavis CTO Andy.
Game studio 7 Digital Labs completes $4 million seed round of financing, with participation from Avalanche Foundation and others
On March 28, BloodLoop game developer and Swiss game studio 7 Digital Labs announced the completion of a $4 million seed round of financing, with participation from Avalanche Foundation, Merit Circle, and Citizen Capital. The new financing will be used for game development and release. BloodLoop is a shooting game based on the Avalanche subnet and the first game of 7 Digital Labs. Players can collect NFTs and earn BLS rewards in each game.
Avalanche Ecosystem Options Protocol Arrow Markets Completes $4 Million Series A Funding, with Participation from Framework Ventures and Others
On March 31, Arrow Markets, an AMM options protocol based on Avalanche, completed a $4 million Series A financing round, with participation from Framework Ventures, Delphi Ventures and Avalanche Blizzard Ecosystem Fund. It is reported that the core of Arrow Markets is to use the Request-for-Execution (RFE) mechanism to provide quotes for option contracts in the Avalanche C chain.
Bitcoin native DA layer project Nubit completes $3 million Pre-Seed round of financing, with participation from dao 5, OKX Ventures and others
On March 26, according to official news, the Bitcoin native DA layer project Nubit completed a US$3 million Pre-Seed round of financing, with participation from dao 5, OKX Ventures, Primitive Ventures, ArkStream Capital and others.
OrdinalsBot Completes Over $3 Million in Seed Round Financing, Led by DACM
On March 26, OrdinalsBot, an infrastructure platform focused on Bitcoin Ordinals, announced the completion of a seed round of financing of over $3 million, led by DACM, with participation from Eden Block, natural Capital, WWVentures, Lightning Ventures, Oak Grove Ventures, UTXO Management (fund manager of Bitcoin Magazine), Kenetic Capital, CMS Holdings, Kestre l0 x 1, Sora Ventures, London Real Ventures, Crypto Zombie and MDX Crypto. After this round of financing, OrdinalsBot's cumulative financing amount exceeded $4.5 million.
DeFi protocol Unstable completes $2.5 million seed round, with participation from Blockchain Founders Fund and others
On March 28, the DeFi protocol Unstable Protocol announced the completion of a $2.5 million seed round of financing, with participation from Lattice, Laser Digital (a digital asset subsidiary of Nomura Group), Blockchain Founders Fund, Assouline Ventures, Agnostic Fund, Artichoke Capital, Black Edge Capital, NewTribe Capital and NxGen, as well as several angel investors. It is reported that Unstable Protocol mainly provides ETH re-staking services, enabling users to use liquidity staking and re-staking tokens to achieve innovative income strategies.
Bitcoin Lightning Network Company Neutronpay Completes $1.5 Million Bridge Financing, Led by Axiom Capital
On March 27, Bitcoin Lightning Network company Neutronpay announced the completion of a $1.5 million bridge financing led by Axiom Capital. The financing is intended to help Neutronpay use Bitcoin to provide instant and cost-effective payment solutions in the Southeast Asian digital economy.
AI security platform Rug.AI completes $1.1 million Pre-Seed round of financing, led by No Limit Holdings
On March 31, artificial intelligence security platform Rug.AI announced the completion of a $1.1 million Pre-Seed round of financing, led by No Limit Holdings, with participation from institutions and angel investors such as Mask Network, Builder Capital, Formless Capital, Prismatic Capital, Roshun Patel, Pentoshi, Avi Felman, MacnBTC, and Andrej Radonjic.
BTC L2 project BEVM completes USD 10 million financing, with participation from ArkStream Capital and others
On March 25, BTC Layer 2 project BEVM announced on X platform that it had completed its seed round and part of its Series A round, with a financing amount of tens of millions of dollars. Nearly 20 institutions including ArkStream Capital, RockTree Capital, Waterdrip Capital, ViaBTC Capital, Satoshi Lab, Web3port, Cogitent Ventures, MH Ventues, Mapleblock, Electrum Capital, Zephyrus Capital, Lotus Capital, 7 UPDAO, TimeTells, etc. participated in the investment, with a post-investment valuation of $200 million. The new financing will be used to build a more decentralized Bitcoin ecosystem based on Taproot Consensus.
No-code ecosystem GraphLinq completes strategic round of financing, DWF Labs participates in the investment
On March 25, the code-free ecosystem GraphLinq announced on the X platform that it had completed a strategic round of financing, with DWF Labs participating in the investment. The specific amount has not been disclosed. DWF Labs will serve as the main liquidity provider for GraphLinq on various CEX and DEX, and provide support for OTC transactions. The new funds will be used to enhance the liquidity of GLQ tokens, optimize their seamless supply in the global market, and bring tangible benefits to market participants.
Bitcoin ecosystem project Satoshi Protocol completes seed round financing, led by Web3Port Foundation and Waterdrip Capital
On March 26, according to official news, BEVM ecosystem CDP stablecoin protocol Satoshi Protocol completed its seed round of financing, led by Web3Port Foundation and Waterdrip Capital, with participation from BEVM Foundation, Cogitent Ventures, Satoshi Lab, MH Venture's GP, BSCN co-founder, MoveBit, Supremacy and others.
Blast ecological derivatives trading platform DTX completed angel round financing, dingaling and other investors
On March 26, Blast ecosystem derivatives trading platform DTX announced the completion of its angel round of financing. Blast angel investors hype.eth, dingaling, FreeLunchCapital, Mr. Block, HongKongDoll and others participated in the investment. The specific amount of financing has not been disclosed yet.
Multi-chain infrastructure developer Biconomy completes strategic round of financing, with participation from Jump Capital and others
On March 28, according to official news, multi-chain infrastructure developer Biconomy announced the completion of strategic financing, with participation from Jump Capital, Borderless Capital, Consensys Ventures, Taisu Ventures, Manifold Trading, Side Door Ventures and Blockchain Founders Fund. The specific amount has not been disclosed yet.
Web3 base layer Mystiko.Network: Seed round financing valuation is $400 million
On March 30, the Web3 foundation layer Mystiko.Network published an announcement on the X platform, with the latest seed round of financing being valued at $400 million.