According to incomplete statistics from Odaily Planet Daily, there were a total of 18 blockchain financing events announced from October 7 to October 13, a significant increase from last week's data (8 events). The disclosed total financing amount is approximately $108 million, a substantial rise from last week's figure ($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 followed closely ($11.9 million).
The following are specific financing events (Note: 1. Sorted by disclosed amount; 2. Excludes fund raising and merger events; 3. * indicates some traditional companies involved in blockchain):
On October 10, the Layer 2 network development company Ithaca announced the completion of a new round of financing totaling $20 million, with Paradigm participating. Paradigm's Chief Technology Officer Georgios Konstantopoulos will serve as the company's CEO. The new funds will support Ithaca in launching its Layer 2 blockchain "Odyssey," which has begun running on the testnet.
On October 11, the Web3 AAA MOBA chain game Infinitar announced that it has completed a total of $11.9 million in financing, led by Lam Group and AccelByte, with follow-on investments from Waterdrip Capital, AC Capital, DEX Ventures, and Mason Labs, achieving a post-investment valuation of $150 million.
On October 10, according to official news, the blockchain network interoperability project delta announced the completion of $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.
Web3 game ecosystem PiP World completes $10 million seed round financing, with Exinity participating
On October 10, the Web3 game 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 simulator game, PiP Trader, for building trading portfolios.
Web3 game studio Dragonz Lab completes $9 million financing, led by Syndicate Capital
On October 9, the UK-based Web3 game studio Dragonz Lab announced the completion of $9 million in financing, led by Syndicate Capital Limited Partnership Fund (LPF). Dragonz Lab plans to use these funds to further develop its ecosystem and will launch its tokenomics and additional features in the coming months.
Bitlayer completes $9 million new round of financing, led by Polychain Capital
On October 9, the Bitcoin Layer 2 network Bitlayer completed a $9 million Series A extension financing at a valuation of $300 million, led by Polychain Capital and Franklin Templeton, with participation from SCB Limited, Selini Capital, G-20.Group, etc. It is reported that the valuation for this round of financing is the same as the Series A financing in July, bringing the company's total financing amount to $25 million.
On October 10, the decentralized open-source AI platform OpenGradient announced on the X platform that it has completed $8.5 million in financing, with participation from 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.
Yala completes $8 million seed round financing, led by Polychain Capital and Ethereal Ventures
On October 10, the Bitcoin liquidity protocol and stablecoin issuer Yala announced the successful completion of $8 million in seed round financing, receiving over three times the financing commitment of its target. This round was led by Polychain Capital and Ethereal Ventures, with follow-on investments from Galaxy, Anagram, Amber Group, ABCDE, Ambush Capital, GeekCartel, HashKey Capital, L2 Iterative Ventures (L2IV), SatoshiLab, UpHonest Capital, UTXO Management, and 280 Capital. The specific valuation was not disclosed, and the funds will primarily be used for team expansion, product development, and security enhancements, as well as preparations for the mainnet launch. Additionally, investors have committed to collateralizing over 2,000 Bitcoins to Yala.
Privacy social media network MeWe completes $6 million Series B financing, led by McCourt Global
On October 10, the privacy social media network MeWe, based on the Decentralized Social Networking Protocol (DSNP), announced the completion of $6 million in Series B financing, led by McCourt Global. The new funds will be used to further develop new technologies such as AI integration, launch new Web3 product features, strategically acquire users through targeted marketing efforts, and introduce 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 €4.2 million in Series A financing, led by BNP Paribas, Bpifrance, and Centilux Family Office, with BNP Paribas and Bpifrance becoming shareholders of the company. The new funds will be used to establish a European securities exchange specifically targeting small and medium-sized enterprises under the European DLT pilot regime, allowing for the creation of financial markets based on blockchain technology.
On October 9, the MEV infrastructure company Semantic Layer completed $3 million in seed round financing, led by Figment Capital, with participation from Hack VC, Robot Ventures, Bankless Ventures, Fenbushi Capital, Anagram, and Perridon Ventures. The new financing will primarily be used to develop the core of Semantic Layer and enhance market awareness of ASS, including sponsoring research and developer discussion events.
On October 8, the Bitcoin ecosystem decentralized oracle network APRO Oracle announced on X that it has completed $3 million in seed round financing, led by Polychain, ABCDE, and Franklin Templeton Digital Assets, with participation from CMS Holdings, Comma3 Ventures, UTXO Ventures, Oak Grove Ventures, and Presto Labs. It is reported that APRO Oracle supports over 15 chains, more than 140 assets, and over 100 ecosystem partners.
Moonveil completes $2 million financing, led by Polygon Labs
On October 11, the Layer 2 game ecosystem Moonveil announced the completion of $2 million in financing, led by Polygon Labs. It is reported that $1 million of the financing amount is intended to promote the development of the AggLayer integration project within the Moonveil ecosystem. Additionally, Moonveil announced that it will soon conduct a node sale, with the whitelist round taking place on October 22 and the public round launching on October 24. The node activation plan is scheduled for the first quarter of 2025, with 25% of the tokens unlocking after the Token Generation Event (TGE), and 70% of the tokens vesting over three years. The remaining 5% will be allocated to community rewards after the TGE.
Base ecosystem Launchpad Trendies completes $1.75 million Pre-Seed round financing, led by Archetype
On October 11, according to official news, the Base ecosystem Launchpad Trendies completed $1.75 million in Pre-Seed round financing, led by Archetype, with participation from Coinbase Ventures' Base Ecosystem Fund and several angel investors.
Trendies is a Launchpad designed for token holders, who can earn rewards by creating memes, liking popular content, and staking tokens.
On-chain venture capital platform Fission Labs completes $1.6 million Pre-Seed round financing
On October 12, the on-chain venture capital platform Fission Labs announced the completion of $1.6 million in Pre-Seed round financing, led by SALT Fund and Kraynos Capital, with participation from Anthony Scaramucci (Skybridge). The new funds are intended to drive Fission Labs' efforts to bring venture capital into on-chain DeFi applications. Its platform has launched a testnet on Ethereum to support both cryptocurrency-native users and traditional financial participants in investing and trading private equity-backed tokens.
On October 8, the German cryptocurrency market maker Tradias completed Series A financing and obtained a securities trading bank license issued by regulatory authorities. The company has not disclosed specific financing amounts or investor information, only stating that several small to medium-sized family offices participated in this round of financing.
On October 10, the on-chain real estate transaction service Coded Estate completed angel round financing, with participation from Mozaik Capital, Hyperion Ventures, Black Dragon, Dutch Crypto Investors, and others. Specific financing amounts and valuation information have not yet been disclosed. Coded Estate intends to use the new funds to promote on-chain sales and rentals to optimize real estate transactions, employing hybrid smart contracts and zero-knowledge proofs (ZKP) to enhance market transparency.
DePIN solution PinGo Lab completes seed round financing, with participation from TFund and others
On October 10, the AI and DePIN solution provider PinGo Lab, based on the TON network, announced the completion of seed round financing, with participation from TFund, CGVFOF, K24Ventures, CatcherVC, and LandScape Capital. The specific amount has not yet been disclosed.
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