Edition #107 - 20 MAY 2024
Binance shipped a great report on the advent of Ordinals and Inscriptions marking a turning point in the story of Bitcoin, welcoming in a new era for the flagship cryptocurrency.
gaming developments
Blockchain Game 'Pixels' hits 1 million daily users. The web3 farming game players are attracted to the ability to earn the PIXEL token while playing, with $1.6 million worth spent in the last month.
Web3 melee battle royale game Seeds Labs raised $12M in a Seed funding round from Blizzard, Krust Universe, Hashkey Capital, UOB Venture Management, Signum Capital, Infinity Ventures Crypto (IVC), Emoote, Solana Foundation.
AAA game development studio Param Labs raised $7M in a funding round led by Animoca Brands, with participation from Delphi Ventures, Merit Circle, P2 Ventures (Polygon Ventures), Mechanism Capital, NxGen, Cypher Capital, Faculty Group, MH Ventures, Double Peak Group, TRGC.
Collectible card game Cross the Ages raised $3.5M in a funding round led by Animoca Brands, with participation from Sebastien Borget.
Singapore-based video game company Sekuya raised $1.6M in a funding round led by SingularityDAO, with participation from OIG Capital, Gains Associates, NewTribe Capital, SeedThrift Ventures, Bigger Than Race VC.
metaverses & AI
Metaverse platform based on the BSC ecosystem Baby Shark Universe closed Seed funding round from Animoca Brands, Credit Scend, Sui Foundation, Comma3 Ventures, Creditcoin, Notch Ventures, Planetarium, X+ (XDeGods). Amount raised is not disclosed.
Web3 AI platform ChainML raised $6.2M in a Seed funding round led by Hack VC, with participation from Foresight Ventures, Inception Capital, HTX Ventures, Figment Capital, Hypersphere, Alumni Ventures, NxGen, Antalpha Ventures, NewTribe Capital, Stateless Ventures, Bitscale Capital, Hash Capital, IOSG Ventures, LongHash Ventures, Hashkey Capital, SNZ Holding, Chainlink.
AI gaming studio and Layer 3 blockchain innovator Anomaly raised $1.45M in a funding round from Decasonic, Shima Capital, BreakOrbit, Round13 Capital, Zeneca.
defi
Cross-chain DeFi Protocol Eywa, a three-year-old startup based in the British Virgin Islands that is building a platform that combines multiple blockchains into a unified trading and liquidity framework, raised a $7 million round. Curve Finance founder Michael Egorovm led the investment, with Fenbushi Capital and GBV Capital also contributing.
AI-driven DeFi platform 0xGen closed Strategic funding round from Bella, Phoenix, Principle68, Tensor Investment Corporation, X Labs. Amount raised is not disclosed.
Secure, user-friendly Web3 wallet Zeal raised $2M in a funding round from Gnosis DAO.
Decentralized blockchain ecosystem Telos raised $1M in a funding round from Presto Labs.
Intent-centric DeFi protocol for maximized trader value Shogun raised $6.9M in a Seed funding round led by Polychain Capital, dao5, with participation from Maelstrom, Arrington Capital, Primitive, Hypersphere, Mirana Ventures, CitizenX Crypto Ventures, Meltem Demirors, Build-A-Bera, Flowdesk, The Interop Podcast, AVentures DAO, Manifold, DWF Labs, Cobie, Avi Felman, Bryan Pellegrino, Georgios Vlachos, Aniket Jindal, Altcoin Sherpa, Soby.
funding rounds
Crypto derivatives liquidity provider Arbelos Markets raised $28M in a Seed funding round led by Dragonfly Capital, with participation from Room40 Ventures, Selini Capital, Breed VC, FalconX, Circle Ventures, Paxos, Chorus One, P2 Ventures, Starkware, Immutable, Deribit.
Solana backed RWA marketplace AgriDex raised $5M in a Pre-seed funding round from Endeavour Ventures, Parrogate, Oldenburg Vineyards.
Web3 music platform StarNest raised $6M in a Series A funding round from Chuangqi International Limited.
Cryptocurrency-based prediction market platform Polymarket raised $45M in a Series B funding round led by Founders fund, with participation from Vitalik Buterin, 1confirmation, ParaFi Capital, Dragonfly Capital.
Digital Identity protocol Humanity Protocol raised $30M in a Seed funding round led by Kingsway Capital, with participation from Animoca Brands, Shima Capital, Blockchain com.
