According to an incomplete survey by Odaily Planet Daily, there were 22 blockchain financing events announced from October 21 to October 27, a decrease from the previous week's data (24 events). The total disclosed financing amount was approximately $921 million, a significant decrease from the previous week's data ($921 million).
Last week, the project with the highest investment amount was the decentralized social platform Bluesky ($15 million); the derivatives trading protocol Variational closely followed ($10.3 million).
The following are the specific financing events (Note: 1. Ranked by disclosed amount; 2. Excluding fund-raising and M&A events; 3. * for "traditional" companies with partial blockchain-related businesses):
Bluesky completed a $15 million Series A financing, led by Blockchain Capital
On October 25, the decentralized social platform Bluesky announced the completion of a $15 million Series A financing, led by Blockchain Capital, with participation from SevenX, True Ventures, and Alumni Ventures.
Bluesky stated that it will not "over-financialize" the "social experience" of Bluesky by integrating cryptocurrencies, Non-Fungible Tokens (NFTs), or other blockchain-based technologies into its platform.
On October 23, Variational, a derivatives trading protocol based on Arbitrum, completed a $10.3 million seed round, led by Bain Capital Crypto and Peak XV Partners, with participation from Coinbase Ventures, Dragonfly Capital, North Island Ventures, and Hack VC. Variational is a general peer-to-peer trading and settlement protocol, and it emphasizes that it is not a decentralized exchange.
Web3 infrastructure provider Validation Cloud raised $10 million
On October 25, Web3 data streaming and infrastructure company Validation Cloud announced that it had received $10 million in funding from True Global Ventures. The company plans to use the funds to expand its AI products and enable seamless access to Web3 data.
On October 25, Coinbase Ventures and a16z Crypto Startup Accelerator (CSX) announced new strategic investments in the AI-focused payments company Skyfire, increasing its seed round from $8.5 million to $9.5 million. Skyfire is currently building infrastructure to enable AI agents to make autonomous payments, avoiding human intermediaries.
Web3 gaming platform Party Icons completed a $9 million seed round, led by Bitkraft Ventures
On October 24, the Web3 mobile gaming platform Party Icons announced the completion of a $9 million seed round, led by Bitkraft Ventures, with participation from IDG Capital and The Sandbox co-founder Sebastien Borget. The funds will be used to drive the development of Party Icons' games and social experiences, as well as strengthen its Web3 infrastructure.
European digital asset platform STOKR raised $7.98 million, led by Fulgur Ventures
On October 24, the European digital asset platform STOKR raised $7.98 million, with plans to use most of the funds to establish one of Europe's first corporate Bitcoin treasuries. The round was led by Fulgur Ventures and included 100 Bitcoins (approximately $6.78 million) and €1.2 million in cash (totaling €7.4 million).
Karpatkey raised $7 million, with Wintermute Ventures as an investor
On October 22, Karpatkey, a provider of on-chain treasury management solutions for DAOs, announced the completion of a $7 million funding round. The investors included AppWorks Ventures, Wintermute Ventures, and a group of prominent angel investors, such as ConsenSys' Joe Lubin, Avara's Stani Kuchelov, and Balancer Labs' Fernando Martinelli. The new funds will be used to expand Karpatkey's services to more DAOs and accelerate its expansion into traditional financial institutions.
DeFi platform Azura completed a $6.9 million seed round, led by Initialized
On October 22, the DeFi platform Azura announced the completion of a $6.9 million seed round, led by Initialized, with participation from Volt Capital, Winklevoss Capital, and Solana co-founder Raj Gokal. The funds will be used to scale the application, including increasing the company's payroll, improving software, and purchasing better servers. Azura provides market data access, full trade lifecycle support, and DeFi asset trading, aiming to connect various crypto wallets, blockchains, exchanges, and other protocols through a single interface layer, while reducing trust risks by eliminating intermediaries and returning control to users.
Crypto trading platform Genius raised $6 million, led by CMCC Global
On October 24, Genius completed a $6 million financing round, led by CMCC Global, with participation from Arca, Flow Traders, AVA Labs, SALT, Psalion VC, and SkyBridge Capital founder Anthony Scaramucci, as well as Coinbase's former Chief Technology Officer Balaji Srinivasan.
Malaysian digital asset exchange Hata completed a $4.2 million seed round, led by Cadenza Venture
On October 22, the Malaysian compliant digital asset exchange (DAX) Hata Digital Sdn Bhd completed a $4.2 million seed round, led by Castle Island Ventures and Cadenza Venture, with participation from Bybit, AP Capital, Plug and Play Tech Center, and Alliance.xyz. The new funds will be used to expand new products and attract users in the Asian region.
Fluid Protocol completed a $3.9 million seed round, with Animoca Ventures as an investor
On October 23, the centralized lending platform protocol Fluid Protocol announced the completion of a $3.9 million seed round, with investments from Bloccelerate, Animoca Ventures, CMS Holdings, and Maelstrom. Fluid announced that it will launch its native stablecoin USDF, and the new funds will accelerate the development and launch of USDF, fund security audits to ensure protocol safety, and expand the team.
Crypto-gamified fitness app Moonwalk raised $3.4 million, led by Hack VC
On October 25, the crypto-gamified fitness app Moonwalk announced the completion of a $3.4 million financing round, led by Hack VC, with participation from Binance Labs, Reciprocal Ventures, and Solana co-founder Raj Gokal. Moonwalk Fitness is an application that incentivizes healthy habits by rewarding users with cryptocurrencies. The app allows users to challenge friends, family, or strangers in daily competitions, "gamifying" fitness. Users can stake USDC, Solana, or Bonk to participate in challenges, and the winners will receive the forfeited stakes.
Borderless.xyz completed a $3 million Pre-Seed round, led by Amity Ventures
On October 23, the blockchain-based payments company Borderless.xyz completed a $3 million Pre-Seed round, led by Amity Ventures, with angel investors including Talos founder Anton Katz and Fireblocks founder Michael Shaulov. Borderless.xyz aims to develop payment infrastructure that enables transactions between stablecoins, real-world assets, and other "internet-native currencies" and fiat currencies globally.
On October 22, the decentralized Ordinals marketplace Ordzaar announced the completion of a $2 million seed round, led by LongHash Ventures, with participation from SORA Ventures, GSR, Bitcoin Frontier Fund, PG Capita, and OIG Capital.
Web3 game developer Opti Games raised $2 million, with YGG and Monad as investors
On October 24, Opti Games, the developer of the Web3 game Sparkball, completed a $2 million funding round to support the launch of the game's Season Zero. This round was led by L1 D, with participation from CMS Holdings, Impossible Finance, Yield Guild Games (YGG), and Monad, among others. The company is also developing on the Monad blockchain platform and has the support of Monad's CEO, Keone Hon.
NFT marketplace BlueMove receives strategic investment from Victus Capital
On October 24, the multi-chain NFT marketplace BlueMove, which is based on the Move language, announced that it has received a strategic investment from the crypto hedge fund Victus Capital, though the specific funding amount was not disclosed.
On October 24, the Web3 project Launchpad live streaming platform UniLive announced the completion of its seed round on X. The investors include BitMart, EMURGO, Taisu Ventures, JuCoin, Adaverse, AC Capital, and Moore Labs, as well as DePINX as a strategic investment partner, providing strong support for the expansion of its ecosystem and the global promotion of its live streaming token ILO model.
DMM Crypto completes a new round of strategic financing, led by Neoclassic Capital
On October 22, DMM Crypto, the blockchain gaming and Non-Fungible Token (NFT) division of Japanese cryptocurrency exchange operator DMM, announced the completion of a new round of strategic financing, led by Neoclassic Capital, a firm based in Florida, USA, though the funding amount was not disclosed.
On October 21, B² Network announced the completion of a new round of financing, led by Spartan Groups, Animoca Brands, Alliance, and P2 Ventures, with participation from Cypher Capital, Candaq Ventures, Future Money Group, Skyland Ventures, TPC, and Maxx Capital.
On October 21, the Web3 social data portal website Port 3 Network posted on the X platform, announcing the completion of a new round of financing, with OOKC Group as an investor. The specific investment amount was not disclosed. Port 3 Network previously disclosed that it had received investments from DWF Labs and grants from Binance Labs, Mask Network, and Aptos.
On October 21, the Bitcoin liquidity re-collateralization protocol Echo Protocol completed a pre-seed round of financing, led by The Spartan Group, with participation from ABCDE, Aptos Foundation, Movement Labs, and Maelstrom.
