One-week financing express | 29 projects received investment, with a total disclosed financing amount of approximately U

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According to incomplete statistics from Odaily Planet Daily, there were 29 blockchain financing events announced at home and abroad from May 20 to May 26, an increase from last weeks data (26). The total amount of financing disclosed was approximately US$338 million, a significant increase from last weeks data (US$151 million).

Last week, the project that received the most investment was the decentralized social protocol Farcaster ($150 million); followed by Turkish fintech startup Colendi ($65 million).

The following are specific financing events (Note: 1. Sort by the amount of money announced; 2. Excludes fund raising and MA events; 3. * indicates a traditional company whose business involves blockchain):

One-week financing express | 29 projects received investment, with a total disclosed financing amount of approximately U

One-week financing express | 29 projects received investment, with a total disclosed financing amount of approximately U

One-week financing express | 29 projects received investment, with a total disclosed financing amount of approximately U

Decentralized social protocol Farcaster completes $150 million financing, led by Paradigm

On May 22, the decentralized social protocol Farcaster announced the completion of a $150 million financing round, led by Paradigm, with participation from a16z crypto, Haun, USV, Variant, Standard Crypto and others. The relevant announcement stated that Farcaster will focus mainly on daily active user growth and adding developer primitives to the protocol this year, such as channels and direct messaging.

Turkish fintech company Colendi completes $65 million Series B financing, led by Citi Ventures

On May 22, Turkish fintech startup Colendi announced the completion of a $65 million Series B financing round, with a valuation of $700 million. The financing was led by Citi Ventures, the venture capital arm of Citi Group, with participation from Migros Ticaret AS, Sepil Ventures, Re-Pie Asset Management, Finberg and Hedef Holding.

It is reported that T眉rkiye鈥檚 banking regulator has approved Colendi鈥檚 application to set up a digital bank in 2023.

ZK hardware company Cysic completes $12 million pre-A round of financing, led by HashKey and OKX Ventures

On May 24, ZK hardware company Cysic announced that it had completed a $12 million pre-A round of financing. This round of financing was led by HashKey Capital and OKX Ventures. The new funds aim to speed up the generation of ZK proofs in a faster, more cost-effective, user-friendly and decentralized manner.

Collectibles design company Mighty Jaxx completes $11 million Series A+ financing

On May 23, Singapore collectibles design and production company Mighty Jaxx completed US$11 million in Series A+ financing to drive business growth in the United States and Europe.

Interoperability protocol Stripchain completes $10 million financing, led by Sora Ventures

On May 22, interoperability protocol Stripchain completed a $10 million financing round led by Sora Ventures, with participation from Hyperithm, Shima Capital, Hypersphere, Mechanism and Ascensive Assets.

Dora Factory Completes US$10 Million Strategic Financing

On May 23, according to official news, the decentralized governance infrastructure Dora Factory announced the completion of a new round of US$10 million in strategic financing. Nomad Capital, No Limit Holdings, Yunjiu Capital, Singapore UOB Web3 Venture Capital Fund UVM Signum Blockchain Fund, as well as Cai Wenshengs Longling Capital, Cosmos ecosystem OG Interop Ventures, Eigenlayer co-founder Calvin Liu and other 15 well-known institutions and individuals participated in the investment.

Plume Network Completes $10 Million Seed Round Led by Haun Ventures

On May 24, RWA Layer 2 network Plume Network announced the completion of a $10 million seed round of financing. This round of financing was led by Haun Ventures, with participation from Galaxy Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures and Reciprocal Ventures, as well as angel investors including Anthony Ramirez of Wormhole Labs and Calvin Liu of Eigenlayer.

Fantom Foundation Completes $10 Million Strategic Financing, Led by Hashed

On May 24, the Fantom Foundation announced the completion of a strategic financing of US$10 million, led by Hashed, with participation from UOB Ventures, Signum Capital, SoftBank, Aave Foundation, etc. This round of financing will be used to support the newly established Sonic Foundation and Sonic Labs, as well as strategic growth and ecosystem development.

Blockchain startup Alphaledger completes $9.5 million Series A funding, led by EJF Capital

On May 23, the US blockchain startup Alphaledger announced the completion of a $9.5 million Series A financing, led by EJF Capital and participated by KDX. Alphaledger used its permissioned blockchain to issue the first blockchain-based US municipal bond, and previously completed a $6 million seed round of financing in 2021.

Liquidity re-pledge platform Kelp completes $9 million financing at a valuation of $90 million, led by SCB Limited and Laser Digital

On May 22, Kelp, an Ethereum liquidity re-staking platform based on EigenLayer, announced that it had completed a $9 million financing round with a valuation of $90 million. SCB Limited and Laser Digital led the investment, and Bankless Ventures, Hypersphere Ventures, ArkStream Capital, Draper Dragon, DACM, Cypher Capital, GSR, HTX Ventures and DWF Ventures, as well as angel investors such as Scott Moore of Gitcoin, Sam Kazemian of Frax Finance, Marc Zeller of Aave Chan Initiative, Saurabh Sharma of Jump Crypto and Amrit Kumar of AltLayer participated in the investment.

DePIN Network Blockless Completes $8 Million in Financing, Led by NGC Ventures and Others

On May 21, DePIN Network Blockless completed $8 million in Pre-Seed and Seed rounds of financing, of which NGC Ventures led the $3 million Pre-Seed round, M 31 Capital and Frachtis co-led the $5 million Seed round, and other investors included No Limit Holdings, MH Ventures, Interop Ventures and Plassa Capital.

Web3 climate analysis network WeatherXM completes $7.7 million Series A financing, led by Lightspeed Faction

On May 22, Web3 climate analysis network WeatherXM completed a US$7.7 million Series A financing round, led by Lightspeed Faction, with participation from Protocol Labs, Borderless Capital, Arca, Alumni Ventures, Placeholder VC, Red Beard Ventures, Metaplanet, GS Futures, Consensys Mesh, and Westerly Ventures.

MultiVM Completes $6.9 Million in Financing, Inception Capital Participates

On May 23, Ethereum L2 execution environment MultiVM announced the completion of a $6.9 million financing, with Inception Capital and Lattice participating in the investment.

Decentralized derivatives trading platform ELFi Protocol has completed a total of US$5 million in strategic financing and has launched the Arbitrum test network

On May 20, the decentralized derivatives trading platform ELFi Protocol completed two rounds of strategic financing totaling US$5 million, with the latest round led by IDG Capital and KuCoin Ventures. ELFi Protocol has been launched on the Arbitrum testnet and is currently in the Genesis NFT public beta.

Environmentally friendly cryptocurrency mining project SolarX completes $3 million financing through Tenset Launchpad

On May 21, SolarX, an environmentally friendly cryptocurrency mining project, announced that it had completed a $3 million financing through Tenset Launchpad and joined the Tenset incubator. It is reported that SolarX mainly promotes a decentralized mining model based on solar power supply. The new funds raised this time will promote its release of native tokens and launch corresponding services and products.

Cryptocurrency governance consulting firm MetaLeX raises $2.75 million

On May 25, MetaLeX, founded by cryptocurrency lawyer Gabriel Shapiro, announced the completion of a $2.75 million seed round of financing, with the companys valuation reaching $27.5 million. This round of financing was led by Cyber Fund.

Pencils Protocol Completes $2.1 Million Seed Round, Valuing $25 Million

On May 23, according to official news, the Scroll ecosystem project Pencils Protocol announced the completion of a $2.1 million seed round of financing, with a current valuation of $25 million. It is reported that this round of financing was participated in by many well-known institutions such as OKX Ventures, Animoca Brands, Galxe, Gate.io Labs, Aquarius, Presto and Agarwood Capital, as well as many individual investors including Scroll co-founder Sandy Peng, V Fund partner Ashely Xiong, Inception Capital co-founder David Gan, Cyberconnect founder Ryan Li and Arcanum Capital co-founder Lucia Zhang.

Web3 Entertainment Studio and Technology Company Feature.io Completes $1.9 Million in Funding

On May 26, Web3 Entertainment Studio and technology company Feature.io completed a $1.9 million financing, with InterVest, 2 PunksCapital, Avalanche, Acme Innovation, and Sterling.VC participating.

DeFi platform Zaros completes $1.8 million in financing, SNZ Holdings and others participate

On May 23, DeFi platform Zaros announced that it had completed a financing of US$1.8 million, with SNZ Holdings, Seven Capital, Cogitent Ventures, DCI Capital, Antony Sassano, Fernando Martinelli, Kieran Warwick, Andy Chen, Kevin Lu and others participating in the investment.

Option Protocol IVX Completes $1.2 Million Seed Round Financing, Led by Animoca Ventures and Others

On May 25, IVX, a native options protocol based on Berachain, completed a $1.2 million seed round of financing on the X platform. Animoca Ventures and AVID 3 led the investment, and Big Brain Holdings, Web3Port, Cogitent Ventures, Forbole, SerDAO, Autistic Waterfowl Venture Capital, and a group of angel investors participated in the investment. The valuation data has not been disclosed yet.

Bitcoin infrastructure platform RunesFi completes $400,000 in financing, with participation from Cogitent Ventures and others

On May 25, Bitcoin infrastructure platform RunesFi announced the completion of a $400,000 financing round, with participation from Cogitent Ventures, Oddiyana Ventures, Lavender Capital, WeeHODL, Zephyrus Capital, and Samurai Starter. It is reported that RunesFi mainly uses the Runes protocol to support various infrastructure products and other functions of the Bitcoin DeFi ecosystem.

Web3 freelance service platform Sorbet completes a new round of financing, Adaverse participates in the investment

On May 20, Web3 freelance service platform Sorbet announced the completion of a new round of financing, with venture fund and accelerator Adaverse participating in the investment. The specific amount and valuation information have not been disclosed yet. It is reported that this investment is also part of Adaverses $10 million investment plan.

Blockchain financial technology company DMZ.Finance completes seed round financing, Alchemy Pay participates

On May 20, blockchain financial technology company DMZ.Finance announced the completion of its seed round of financing, with Alchemy Pay participating in the investment. The specific amount has not been disclosed yet. It is reported that DMZ.Finance mainly provides complete institutional-level financial custody solutions for traditional financial institutions and VIP investors to invest in crypto assets.

Runes Launchpad project RunesTerminal completes a round of financing, with Waterdrip Capital and others participating

On May 21, RunesTerminal announced the completion of a round of financing on the X platform. Investors include Cogitent Ventures, CMS Holdings, Waterdrip Capital, IAngels, Pentos Ventures, Zephyrus Capital, THE CMS, Ran Neuner (CNBC host), Laser Digital, GBV Capital, DuckDAO, Fusion 7 Venture Capital, Pragma Ventures, Optic Capital, DEXTools, SEED THRIFT VENTURES, Acquire. Fi, Basics Capital, BlackEdge Capital, BlokHash Labs, Ghaf Capital Partners, YAY Network, Nabais Capital, NewTribe Capital, and X 21 Digital. The specific amount of financing has not yet been disclosed.

OKX Ventures announces strategic investment in Monad Labs

On May 22, according to official news, OKX Ventures announced a strategic investment in Monad Labs to promote innovation in Web3 and decentralized computing.

HTX Ventures announces investment in Kelp DAO to accelerate heavy staking innovation

On May 22, HTX Ventures, the global investment arm of cryptocurrency exchange Huobi HTX, announced a strategic investment in Kelp DAO, a triple income re-staking protocol based on EigenLayer. Kelp DAO raised $9 million in its latest round of strategic financing, which will support its vision of reshaping the DeFi and re-staking ecosystem.

RPG blockchain game Aria completes seed round financing, led by Folius Ventures, Spartan Group and Merit Circle

On May 23, according to official news, the RPG blockchain game Aria announced the completion of its seed round of financing, led by Folius Ventures, Spartan Group and Merit Circle, with participation from Galaxy Interactive, Animoca Brands, Formless Capital, Big Brain Holdings, Selini Capital, Bitscale Capital, LiquidX, 32-Bit Ventures and angel investors Fresh, LAZAR, Ali-A and others.

MANTRA completes a new round of strategic financing, Laser Digital participates in the investment

On May 23, according to official news, MANTRA announced that it has completed a new round of strategic financing. Laser Digital, a digital asset subsidiary of global financial services giant Nomura Securities, participated in the investment, aiming to accelerate MANTRAs goal of building an RWA Layer 1 blockchain for the Middle East and Asian markets. The specific amount of financing and valuation have not yet been disclosed.

Open-source EVM blockchain platform Nexis Network completes private round of financing, Castrum Istanbul participates

On May 25, the open source EVM blockchain platform Nexis Network announced the completion of its private round of financing, with Castrum Istanbul participating. The specific amount and valuation have not been disclosed yet.

This article is sourced from the internet: One-week financing express | 29 projects received investment, with a total disclosed financing amount of approximately US$338 million (5.20-5.26)

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When people talk about Web3, keywords such as decentralization, autonomy and consensus are always mentioned repeatedly. But behind these grand narratives, we often overlook a more fundamental question: What is driving the continuous evolution of the Web3 ecosystem? The answer may be hidden in those strings of code and tokens. It is precisely with the powerful tool of Token that the Web3 ecosystem can break through the barriers of centralization and release the power of collective wisdom. In this vigorous Token Revolution, the native token of the INTO ecosystem, TOX, has become one of the most dazzling new stars with its unique design philosophy and innovative practice. Governance, collaboration, and consensus: INTO鈥檚 Web3 ecosystem logic In the Web3 world, all valuable contributions can be tokenized. From content creation to resource…

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