According to an incomplete survey by Odaily Planet Daily, there were 18 blockchain financing events announced from October 7 to October 13, a significant increase from the previous week's data (8 events). The total disclosed financing amount was approximately $108 million, a substantial increase from the previous week's data ($34.05 million).
Last week, the project with the highest investment amount was the Layer 2 network development company Ithaca ($20 million); the Web3 game development studio Infinitar closely followed ($11.9 million).
The following are the specific financing events (note: 1. Ranked by the amount of disclosed funding; 2. Excluding fund-raising and M&A events; 3. * for "traditional" companies with partial blockchain-related businesses):
On October 10, the Layer 2 network development company Ithaca announced the completion of a $20 million new round of financing, with Paradigm participating. Georgios Konstantopoulos, Paradigm's Chief Technology Officer, will serve as the company's CEO. The new funds will support Ithaca's launch of its Layer 2 blockchain "Odyssey", which has already begun testing on the testnet.
On October 11, the recent Web3 AAA MOBA blockchain game Infinitar announced a total of $11.9 million in financing, co-led by Lam Group and AccelByte, with Waterdrip Capital, AC Capital, DEX Ventures, and Mason Labs also participating. The post-investment valuation reached $150 million.
On October 10, according to official information, the blockchain network interoperability project delta announced $11 million in financing, including a Pre-Seed round led by Figment Capital and Maven 11, as well as a seed round led by Variant and DBA. Other participants include Reverie, Castle Island Ventures, Credibly Neutral, Ambush Capital, Robot Ventures, Delphi Ventures, Public Works, and Komorebi Collective.
On October 10, the Web3 gaming ecosystem PiP World announced the completion of a $10 million seed round financing, with Exinity participating. The company aims to create a crypto version of Duolingo and has also launched a AAA strategy management simulation game called PiP Trader for building trading portfolios.
Web3 game studio Dragonz Lab completes $9 million in financing, with Syndicate Capital leading
On October 9, the British Web3 game studio Dragonz Lab announced the completion of $9 million in financing, with Syndicate Capital Limited Partnership Fund (LPF) leading. Dragonz Lab plans to use these funds to further develop the Dragonz Lab ecosystem and will launch its token economics and additional features in the coming months.
Bitlayer completes $9 million new round of financing, with Polychain Capital and others leading
On October 9, the Bitcoin Layer 2 network Bitlayer completed a $9 million Series A extension financing round at a $300 million valuation, with Polychain Capital and Franklin Templeton leading, and SCB Limited, Selini Capital, and G-20.Group also participating. The current round's valuation is the same as the previous Series A round in July, and the company's total financing to date has reached $25 million.
On October 10, the decentralized open-source AI platform OpenGradient posted on the X platform that it had completed $8.5 million in financing, with a16z Crypto Startup Accelerator (a16z CSX), SV Angel, Coinbase Ventures, SALT Fund, Symbolic Capital, as well as former Coinbase CTO Balaji Srinivasan, NEAR founder Illia Polosukhin, and Polygon founder Sandeep Nailwal participating.
Yala completes $8 million seed round financing, with Polychain Capital and Ethereal Ventures leading
On October 10, the Bitcoin liquidity protocol and stablecoin issuer Yala announced the successful completion of an $8 million seed round financing, receiving over 3 times the target financing commitment. The round was led by Polychain Capital and Ethereal Ventures, with participation from Galaxy, Anagram, Amber Group, ABCDE, Ambush Capital, GeekCartel, Hashkey Capital, L2 Iterative Ventures (L2 IV), SatoshiLab, UpHonest Capital, UTXO Management, and 280 Capital. The specific valuation was not disclosed, and the financing will be mainly used for team expansion, product development, security enhancement, and preparation for the mainnet launch. Investors have also committed to pledging over 2,000 Bitcoins to Yala.
On October 10, the privacy social media network MeWe, based on the decentralized social network protocol (DSNP), announced the completion of a $6 million Series B financing, led by McCourt Global. The new funds will be used for further development of AI integration and new Web3 product features, strategic user acquisition through targeted marketing efforts, and the launch of a native token to enhance user growth, platform engagement, and utility.
On October 10, the French blockchain securities trading platform Kriptown announced the completion of a €4.2 million Series A financing, led by BNP Paribas, Bpifrance, and Centilux Family Office. BNP Paribas and Bpifrance have become shareholders in the company. The new funds will be used to establish a specialized European securities exchange for small and medium-sized enterprises under the European DLT pilot regime, allowing the creation of financial markets based on blockchain technology.
On October 9, the MEV infrastructure development company Semantic Layer completed a $3 million seed round financing, with Figment Capital leading, and Hack VC, Robot Ventures, Bankless Ventures, Fenbushi Capital, Anagram, and Perridon Ventures also participating. The new financing will be mainly used for the development of the Semantic Layer core, improving the market awareness of ASS, including sponsoring research and developer discussion activities.
On October 8, the decentralized oracle network for the Bitcoin ecosystem, APRO Oracle, announced on X the completion of a $3 million seed round financing, with Polychain, ABCDE, and Franklin Templeton Digital Assets leading, and CMS Holdings, Comma 3 Ventures, UTXO Ventures, Oak Grove Ventures, and Presto Labs also participating. APRO Oracle supports over 15 chains, 140 assets, and more than 100 ecosystem partners.
Moonveil completes $2 million in financing, with Polygon Labs leading
On October 11, the Layer 2 gaming ecosystem Moonveil announced the completion of $2 million in financing, with Polygon Labs leading. It is reported that $1 million of the financing amount will be used to promote the development of the AggLayer integration project within the Moonveil ecosystem. In addition, Moonveil announced that it will soon conduct a node sale, with the whitelist round scheduled for October 22 and the public round scheduled for October 24. The node activation plan will be carried out in the first quarter of 2025, with 25% of the tokens unlocked after the token generation event (TGE), 70% vested over three years, and the remaining 5% distributed to the community as rewards after TGE.
On October 11, according to official information, Base ecosystem Launchpad Trendies completed a $1.75 million Pre-Seed round of financing, led by Archetype, with participation from Coinbase Ventures' Base Ecosystem Fund and several angel investors.
Trendies is a Launchpad built for token holders, where token holders can earn rewards by creating Memes, liking popular content, and staking tokens.
On-chain venture capital platform Fission Labs completed a $1.6 million Pre-Seed round of financing
On October 12, on-chain venture capital platform Fission Labs announced the completion of a $1.6 million Pre-Seed round of financing, led by SALT Fund and Kraynos Capital, with participation from Anthony Scaramucci (Skybridge). The new funding is intended to drive Fission Labs to bring venture capital into on-chain DeFi applications, and its platform has already launched a testnet on Ethereum to support both crypto-native users and traditional finance participants to invest and trade in tokens backed by private equity.
On October 8, German cryptocurrency market maker Tradias completed a Series A financing round and obtained a securities trading bank license from the regulatory authorities. The company did not disclose the specific financing amount and investor information, only stating that several small and medium-sized family offices participated in this round of financing.
On October 10, on-chain real estate transaction service Coded Estate completed an angel round of financing, with Mozaik Capital, Hyperion Ventures, Black Dragon, and Dutch Crypto Investors participating. The specific financing amount and valuation information have not been disclosed yet. Coded Estate plans to use the new funding to promote on-chain sales and leasing to optimize real estate transactions, and will also use hybrid smart contracts and zero-knowledge proofs (ZKP) to improve market transparency.
On October 10, PinGo Lab, a provider of AI and DePIN solutions based on the TON network, announced the completion of a seed round of financing, with TFund, CGVFOF, K 24 Ventures, CatcherVC, and LandScape Capital participating. The specific amount has not been disclosed yet.
