Financing highlights | Spartan Group leads investment in gaming ecosystem Moonveil; Dragonfly leads investment in DePIN project Andrena
The total number of financings last week was 17, an increase from the previous period, with a total amount of approximately US$79.4 million and an average financing amount of US$4.6706 million.
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According to BlockBeats statistics, the total number of financings last week was 17, an increase from the previous time, with a total amount of approximately US$79.4 million and an average financing amount of US$4.6706 million. Among them, the infrastructure field occupies the majority, the metaverse/GameFi field is relatively large, the DeFi field and Web3.0+AI field have increased, and other fields have less financing, and there is no NFT/digital fashion field, social/creator economy field and digital asset management/payment field. The following chart shows the proportion of financing in each sector last week:
Metaverse/GameFi
There were 5 financings in the Metaverse/GameFi field, with a total amount of US$23.2 million, accounting for 29.22% of the total financing last week.
Moonveil
On August 8, according to Finance Feeds, Layer2 gaming ecosystem Moonveil completed Pre-Series A round of financing, with a total financing amount of US$9 million. This round of financing was led by Spartan Group, with participation from Gumi Cryptos Capital, HashKey Capital, Animoca Ventures, Hivemind and Mask Network.
Moonveil's ecosystem was developed using Polygon CDK, with the goal of establishing new industry standards through its ZK-driven Layer 2 chain. Moonveil was created by a team with extensive experience in the gaming and blockchain industries. The founders have worked at companies such as Riot Games, Tencent, NetEase, Funplus, and CARV, contributing to major games such as League of Legends, Valorant, Minecraft, and EVE Online.
The first batch of games from Moonveil, AstrArk, and Bushwhack are about to be released. Moonveil plans to use the funds to develop infrastructure and enhance community engagement. In addition, the company will expand its user acquisition strategy to target web3 users and GameFi players.
Curio
On August 6, Web3 game studio Curio completed a $5.7 million seed round of financing, led by Bain Capital Crypto and SevenX Ventures, with participation from OKX Ventures. Curio's total financing has reached $8.7 million.
Curio focuses on building a composable infrastructure for on-chain games, and plans to use the funds to expand the core team and develop a social strategy game called Duper, which aims to provide an experience similar to high-stakes poker. Duper requires five players to complete tasks as a team. Curio co-founder Yijia Chen says that the game is both a war strategy game and a social betting game.
“Our goal with Duper is not to overthrow poker,” Chen continued. "But we do believe that in the 21st century, as video games as a medium become more and more exciting and immersive, there should be a great video game that is also a fun betting game like poker. A game that you can play casually with friends for a few dollars, or participate in a dazzling tournament with millions of dollars at stake."
Other financing in the Metaverse/GameFi field includes:
On August 6, blockchain gaming infrastructure provider Cartridge completed a $7.5 million Series A financing, led by Bitkraft Ventures, with participation from Fabric, Dune, StarkWare, Primitive and Ergodic. Cartridge also announced the launch of Dojo 1.0, an open source development toolset and framework for building verifiable games.
On August 9, Televerse, an innovative mini-game network based on the TON blockchain, announced the completion of a $1 million seed round of financing, led by Summer Capital, with Awakening Ventures, PrecisionEdge Capital and Manta Network founder Victor Ji participating as angel investors.
On August 9, UniWorlds, a Bitcoin ecosystem chain game infrastructure, completed a seed round of financing, led by UniSat. The amount of this round of financing has not been disclosed. UniWorlds aims to provide highly customizable content and gamified interactive spaces for various communities in the Bitcoin ecosystem. This will provide the Web3 community with diverse use cases, enabling members to showcase assets, interact, and communicate with each other.
DeFi
A total of 2 financings in the DeFi field, with a total amount of over US$10 million, accounting for 12.59% of the total financing last week.
Vessel
On August 8, ZK order book trading platform Vessel completed a US$10 million seed round of financing, with participation from Sequoia Capital, Scroll co-founders Sandy Peng and Ye Zhang, Avalanche Foundation, Algorand Foundation, IMO Ventures, Folius Ventures, Incuba Alpha, and a group of angel investors.
The main challenge of crypto trading is to balance transaction efficiency and on-chain transparency. Vessel solves this problem by developing zero-knowledge proof (ZKP) technology, combining efficient off-chain transaction processing with on-chain verification to enhance security and scalability. Funds from this round of financing will be used to: combine CEX efficiency with DEX transparency, improve liquidity efficiency, and develop advanced ZKP solutions for DeFi
Chateau
On August 11, Chateau, a DeFi protocol for the private capital market, announced the completion of its seed round of financing, led by Hack VC. The specific amount of financing and valuation have not been disclosed.
Chateau is a protocol that connects DeFi participants with institutional-grade real-world assets (RWAs) such as private equity. With a team of cryptocurrency native engineers, builders, and experienced Wall Street veterans across Europe, North America, and Asia, Chateau aims to expand and replace the traditional financial system by creating DeFi products that are significantly superior to their traditional counterparts.
Chateau allows non-US investors to access tokenized private credit funds managed by an experienced Wall Street team, as well as more than 1,000 tokenized pre-IPO private equity, including well-known companies such as OpenAI, SpaceX, Anthropic, ByteDance and Zipline.
Infrastructure
A total of 6 financings in the infrastructure field, with a total amount of more than US$32.2 million, accounting for 40.55% of the total financing last week.
Andrena
On August 7, The Block reported that the Solana-based DePIN project Andrena completed $18 million in financing, led by Dragonfly, with participation from CMT Digital, Castle Island Ventures, Wintermute Ventures, 6th Man Ventures and ParaFi.
Andrena's project is DAWN, the core of which is proof of coverage, including proof of bandwidth: determining whether the DAWN node provides the services it advertises. The DAWN validator extension is powered by the Watchtower system of the Witness Chain, which helps prove coverage, test connectivity and bandwidth of operators on the DAWN network. In a trustless environment, operators need to be responsible for advertised Internet speeds (such as "up to 1 Gbps"). The authenticator system acts as a regulator to ensure that subscribers receive the actual Internet service they purchased.
Andrena co-founder Neil Chatterjee said that this round of financing is an extension of the Series A financing, and the structure is a simple future equity agreement (SAFE) with token warrants. Moreover, this round of financing was "substantially oversubscribed". The initial goal was only $5 million, but more funds were eventually raised in batches earlier this year to enable it to smoothly release tokens.
Blockscout
On August 7, according to Chainwire, the open source block browser Blockscout announced the completion of a $3 million seed round of financing. This round of financing was led by 1kx, with participation from Primitive Ventures and Gnosis, and angel investors including Evan Van Ness, Alex Svanevik, Kartik Talwar, Anton Bukov and Stefan George.
Blockscout's mission is to redefine the role of block explorers, changing the existing paradigm through its open-source and universal tools. With coverage of over 600 networks to date and growing, Blockscout offers a full-featured product suite for exploring, confirming and inspecting transactions, including powerful developer tools and a user-friendly portal for consumers and applications.
Blockscout plans to use the funds to further build out its product suite and improve the user experience, such as integrating social elements and AI-enabled tools directly into the dashboard. Nichanan Kesonpat, a research analyst at 1kx, said, "Blockscout's open source EVM browser and tools enable nascent projects to host their own browsers, providing an alternative to expensive EaaS products and offsetting the cost of building a browser from scratch. This is a key tool in the modular multi-chain world, where new networks and application chains can give users immediate insights into network activity."
375ai
On August 11, Solana edge data intelligent network 375ai announced on the X platform that it had completed a $5 million seed round of financing, led by 6MV, with participation from Arca, Escap Velocity, Primal Capital, and Auros. The specific valuation information has not yet been disclosed.
375ai provides blockchain-based decentralized edge data intelligence network nodes and mobile applications for real-time data collection. Users can participate in the network by deploying nodes, using applications or staking tokens, while earning rewards. The 375 team has a diverse background in leading technology companies such as Juniper Networks, Palo Alto Networks, Fortinet, Linksys, Amobee, Singtel, Jajah and Telefonica, and its collective expertise covers key areas such as advanced networking, network security, mobile advertising networks and voice over Internet Protocol (VoIP) services.
The 375ai team plans to first release 375edge, followed by 375go for consumers. Future developments include expanding data collection types and hardware form factors, supporting existing DePIN projects, and promoting long-term network growth. By continuously expanding 375ai's capabilities, the protocol will help lead the transformation of the edge artificial intelligence market.
The rest of the infrastructure financing includes:
On August 6, the RWA project Zoth completed $1.5 million in financing, bringing the total financing to $4 million. The new funds were used to launch the $100 million RWA-backed Tokenized Liquid Notes (ZTLN). Investors in this round of financing include Taisu Ventures, G20, Gydra Capital and AstraX Capital. Zoth also received support from Coinbase, Hedera and Ripple's XRPL Foundation, in addition to funding from many crypto angel investors.
On August 7, the decentralized solver platform Khalani completed a $2.5 million seed round of financing, led by Ethereal Ventures, with participation from Nascent, Figment Capital, Arthur Hayes (through his family office Maelstrom), Jan Xie, Nick White and others. Khalani uses collaborative solutions to realize user intentions on multiple blockchains, and its platform provides a decentralized infrastructure that enables solutions to discover, collaborate and settle with each other.
On August 9, the parallel Bitcoin Rollup project Nexio completed a US$2.2 million Pre-Seed round of financing, led by Lattice, with participation from HTX Ventures, Artichoke Capital, Sats Ventures and Wise3 Ventures. The funds will be used to introduce Facebook's Move virtual machine into the Bitcoin ecosystem, solve smart contract vulnerabilities in EVM-based expansion solutions and multi-signature bridge designs, and reduce transaction costs and increase transaction throughput.
Web3+AI
A total of 3 financings were raised in the Web3+AI field, with a total amount of over 10 million US dollars, accounting for 12.59% of the total financing last week. Including:
On August 7, Web3 AI network DeAgentAI announced that it had completed a $6 million seed round of financing, led by Web3.com Ventures and Vertex Capital, with participation from Higgs Capital, Kernel Labs, Waterdrip Capital, Tido Capital, PANONY, CatcherVC, Goplus, UXLINK, etc.
On August 8, Payman founder Tyllen published a post stating that the AI agent tool Payman has completed a $3 million pre-seed round of financing, with participation from Visa, Coinbase Ventures, The Spartan Group, Theory Forge VC, etc. It is reported that through Payman, artificial intelligence can pay humans to help them complete marketing tasks.
On August 8, AI-driven liquidity distribution protocol Quantlytica announced the completion of 1 million euros in financing, with participation from Polygon Labs Ecological Fund, Web3Port Foundation, Eureka Partners, DWF Ventures, Connectico Capital, ZBS Capital and others. It is reported that the funds raised will be used to support protocol development, strengthen AI assistance within the ecosystem, and break down liquidity barriers between users and project parties.
Other financing
There was 1 other financing with a total amount of US$4 million, accounting for 5.04% of the total financing last week. Including:
On August 8, the Ton contributor team TONX announced that it had received US$4 million in financing, led by SNZ Ventures and Summer Ventures, and previously led by TON Ventures.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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