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Financing Weekly
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2024-12-01 16:03 587

Organization: Golden Finance

This week, 29 blockchain startups raised a total of US$109.2 million in funding. There are 17 projects that received seed and pre-seed rounds of investment, and 11 projects received other rounds of financing. World Liberty Financial raised $30 million in a pre-seed round - the largest funding round this week.

Biggest funding round this week

World Liberty Financial has raised $30 million in a funding round from the Tron Foundation.

World Liberty Financial is a decentralized platform that enables users to seamlessly earn and borrow cryptocurrency. It combines a DeFi lending protocol with a reward mechanism, allowing users to maximize asset utility while earning competitive returns. The platform focuses on accessibility and financial empowerment in the Web3 ecosystem.

Pre-seed and seed funding rounds

Bleap raises funds in a pre-seed funding round from Ethereal Ventures*, Maven 11 Capital, Alliance DAO (formerly DeFi Alliance), Robot Ventures and Credibly Neutral raised $2.3 million.

Bleap is a non-custodial fintech platform that enables users to connect their existing crypto wallets and use them as current accounts. Through Bleap, users can spend cryptocurrencies globally using debit cards, send fiat to friends, buy and sell cryptocurrencies directly from connected wallets, and pay direct debits. The platform simplifies the cryptocurrency experience by removing complexity, allowing users to seamlessly manage their digital assets.

Margarita Finance raises $1 million in a pre-seed funding round from Tomahawk VC, Outrun Ventures, N & V Capital (NV Capital) and G20 Group.

Margarita Finance is an investment platform that brings Wall Street-style structured products to the crypto world, offering potentially higher returns through customizable "yield accelerators." Users can select their crypto assets, lock-in period and target returns, and the platform applies options strategies to generate returns. Margarita Finance is built on the Solana blockchain, ensuring high-speed, low-cost transactions, making complex financial instruments accessible to a wider audience.

Astherus raises funds from Binan in a Seed funding roundce Labs Fund raised an undisclosed amount of funding.

Astherus is a multi-asset liquidity center dedicated to maximizing real returns on crypto assets. By increasing the utility of digital assets, it provides DeFi users with multiple opportunities to achieve sustainable profits and maximize returns. Astherus supports re-staking of assets on a variety of blockchains, including BNB Chain, Ethereum, Scroll, and Solana. The protocol consists of three modular layers: the dApp layer, the DeFi infrastructure layer, and the upcoming DeFi-focused Layer-1 blockchain AstherusLayer.

Avant Protocol raises $6.5 million in a Seed funding round from Superlayer, GoGoPool, Avalaunch, Daybreak Digital, and Linda Kreitzman.

Avant Protocol is a DeFi platform on the Avalanche network that offers avUSD, a stable value token backed by USDC or USDT deposits. These assets are managed through market-neutral strategies to generate sustainable returns. Users can obtain rewards by staking avUSD, and the pledged version is called savUSD.

OpenDelta has raised an undisclosed amount of funding from Anagram and Anatoly Yakovenko in a pre-seed funding round.

OpenDelta is a Bitcoin-linked stablecoin company that creates stable value in fiat currencies through Bitcoin derivatives. It plans to launch its flagship token USDO in May, which is backed by BTC collateral and generates revenue from derivatives markets. The platform aims to redefine DeFi for Bitcoin in the Runes era, offering a delta-neutral synthetic USD.

N3MUS raises in pre-seed funding round from Moonbeam Network*, Arrington Capital, Borderless Capital, PAKA, Metazero Capital, Frens Syndicate, Beamswap, Black Dragon, Genesis Capital VC, x21 Digital and Gemhead Capital $800,000.

N3MUS integrates Web3 games into mainstream culture by combining traditional games with blockchain technology and provides basic tools for game studios.tools and provide players with user-friendly solutions. It streamlines the registration process, provides a hub for game discovery, and enables scalable hosting and blockchain integration for game studios. N3MUS aims to create exceptional gaming experiences and foster a thriving community of players and creators.

Vanilla Finance raises funds from UOB Venture Management, Paper Ventures, ABCDE Capital*, HTX Ventures (formerly Huobi Ventures), Ocular VC, Openspace Ventures in a pre-seed round , Signum Capital and YTWO Ventures raised an undisclosed amount of funding.

Vanilla Finance is a decentralized trading platform that allows users to own 1 Bitcoin for $10 while offering up to 10,000x leverage with no liquidation risk. Its innovative "third generation contract product" simplifies cryptocurrency trading, allowing users to profit by predicting small price movements in the short term. With flexible token options, holding periods and target prices, Vanilla Finance provides an accessible trading experience.

Schuman Financial raises $7.4 million in a Seed funding round from RockawayX*, Kraken Ventures, Nexo Ventures, Lightspeed Faction, Gnosis DAO, Delta Blockchain Fund, Bankless Ventures, Archblock and Daedalus.

Schuman Financial is the issuer of EURØP, a fully Euro-backed stablecoin that is fully compliant with MiCA regulations. EURØP aims to provide global users with a secure, transparent and efficient way to trade Euros on-chain. It is backed by cash and cash equivalents at a 1:1 ratio, ensuring stability and providing seamless integration for businesses and exchanges to bring euro-denominated transactions on-chain.

BRKT raises money in Seed funding round from Foresight Ventures*, Orange DAO, V3V Ventures, MEXC Ventures, 280 Capital, Triton Liquid Fund, Movement Labs, Silvermine Capital and Nibiru Chain raised $1.8 million.

BRKT is a decentralized betting platform that allows users to participate in the prediction market for competitive events. Players can earn rewards by placing bets on rankings, and obtain in-game "crowns" through bets and recommendations. Built for Web3 enthusiasts, BRKT combines gaming, social interaction and crypto rewards to provide an interactive betting experience.

OpenTrade has raised $4 million in a seed round with participation from AlbionVC*, Mobile International Limited (CMCC Global) and Andreessen Horowitz (a16z crypto).

OpenTrade is a decentralized finance (DeFi) protocol platform that provides institutional-grade lending and yield products to fintech companies and institutional investors in the Web2 and Web3 ecosystem. It combines technology infrastructure with legal and business frameworks to support compliant and scalable financial services, including liquidity pools for assets such as U.S. Treasury bills and investment-grade commercial paper. OpenTrade’s platform, which runs on the Ethereum and Polygon blockchains, facilitates tokenized fixed income products and enables businesses to access financing from a network of non-bank lenders within existing systems.

Qooverse (Qoomon) has raised an undisclosed amount in a pre-seed round with participation from Paper Ventures*, Animoca Brands, Beam and Merit Circle.

Qooverse is a Web3 game studio that has developed a fast-paced blockchain trading card game (TCG) where players can form unique Qoomon teams and compete in strategic 3-minute matches. compete. Utilizing an earn-and-rewards mode, players earn tokens by outsmarting their opponents in dynamic, location-based gameplay. As a Progressive Web Application (PWA), Qooverse emphasizes ease of use and quick start, providing high-stakes rewards and strategic depth.

Tren Finance raised an undisclosed amount in a seed round with participation from Contango Digital Assets, Maven Capital, Moonrock Capital, OIG Capital (Oracles Investment Group), Spyre Capital, Metabros and Ozaru Ventures.

Tren Finance is a decentralized liquidity protocol that uses Proof-of-Liquidity) and hooks to optimize the fund library and liquidity management of decentralized autonomous organizations (DAO) and decentralized finance (DeFi) projects. It supports (re)collateralization of Liquidity Provider (LP) tokens, (money) market deposits and pledged positions, enhancing the protocol’s stability, growth and capital efficiency through customizable liquidity strategies.

Other investment rounds

U2U Network is funded by KuCoin Ventures, Chain Capital, IDG Capital, Cointelegraph Acceleration, JDI Ventures, Tesseract Capital, Blockhive Capital, Maxx Capital Official, UB Ventures ( Universal Bitcoin Ventures) and V3V Ventures raised $3.8 million in a funding round.

U2U Network is a Directed Acyclic Graph (DAG)-based blockchain compatible with the Ethereum Virtual Machine (EVM) that strives to achieve unlimited scalability and on-demand decentralization. to revolutionize real-world applications. U2U Network facilitates complex and high-performance decentralized applications with unparalleled security and efficiency while striving to provide a one-stop solution for enterprise-level needs.

Margarita Finance has raised an undisclosed amount in a funding round with participation from the Solana Foundation.

Margarita Finance is an investment platform that brings Wall Street-style structured products to the crypto world, offering potentially high returns through customizable "yield accelerators." Users can choose their crypto assets, lock-up periods and target returns, while the platform employs options strategies to generate returns. Built on the Solana blockchain, Margarita Finance ensures transactions are fast and cost-effective, making complex financial instruments accessible to a wider audience.

Pulse raises $400,000 in funding round with participation from Echo.

Pulse is an open health network that empowers users to control and monetize their health data. It allows individuals to manage their own personal health information and earn rewards for sharing it. The platform is also focused on creating exclusive communities around fitness challenges and achievements, providing a private, invitation-only space centered on health and performance.

PinGo has raised an undisclosed amount in a funding round with participation from UFLY Labs.

PinGo leverages AI, DePin andDecloud solutions to optimize idle computing resources and create decentralized infrastructure for building AI models. It provides access to global CPU resources, advanced clustering technology, and secure transactions. By solving the problem of fragmentation and underutilization of computing power, PinGo democratizes the critical resources needed for machine learning applications, driving innovation and efficiency.

Moongate is in partnership with CMCC Global, Coingecko, Cogitent Ventures, Token Bay Capital, Penrose Tech, Matterblock, RNR Capital, PHD Capital, Ape Terminal, Decubate, ChainGPT, Ivan on Tech, Mario Nawfal and Brian Rose raised $2.5 million in funding round.

Moongate is a comprehensive platform that empowers brands and event organizers to enhance community engagement, deliver exclusive experiences and benefits through NFT tickets and memberships. Through features such as ticket creation, membership programs, perks and customer analytics, Moongate streamlines the process for vendors to engage with customers before, during and after the event, leveraging blockchain technology seamlessly integrated into Web2 to nurture brands Loyalty and community interaction.

Igloo (Abstract L2) has raised an undisclosed amount in a funding round with participation from Animoca Brands.

Igloo, the parent company of Pudgy Penguins and OverpassIP, is developing a new consumer-oriented Layer 2 blockchain called Abstract.

Partior raises $20 million in Series B funding round with participation from Deutsche Bank.

Partior is revolutionizing financial market infrastructure with its decentralized, programmable, and always-on platform. Leveraging a globally unified ledger, Partior enables seamless, secure and scalable movement of liquidity, solving inefficiencies such as settlement delays and high operating costs. The platform supports real-time cross-border multi-currency payments, payment-to-payment (PvP), delivery-to-payment (DvP) settlement and trade finance functions. Partior’s interoperability with digital and non-digital asset networks ensures comprehensive and efficient financial transactions.

Rarimo on Vitalik Buterin, Keone Hon, Nick White, Daniel Lubarov, Zachary Williamson and Stefan Georgeraised $2.5 million in funding round.

Rarimo is a multi-chain protocol that solves the problems of liquidity, access and interoperability of fungible and non-fungible assets. It enables seamless token transfer, staking, and cross-chain proof of ownership. By leveraging the permissionless ZK Registry, Rarimo redefines identity management, employing client-side attestation to provide a censorship-resistant solution that respects user anonymity while maintaining continuity of historical interactions.

Girin Labs raises $300,000 in a funding round led by CRIT Ventures.

Girin Labs is focused on building user-friendly infrastructure and decentralized finance (DeFi) systems within the XRP Ledger and Root Network ecosystem. Girin Labs is developing Girin Wallet, an XRPL-focused Web3 wallet that supports social login, and Lotus Protocol, the first lending and liquid staking token (LST) protocol on Root Network for XRP holders Providing sustainable yield farming. Girin Labs aims to further engage users with its innovative solutions and revolutionize the XRP Ledger and Futureverse ecosystem.

Talus Network in a strategic funding round including Polychain Capital*, Foresight Ventures, Animoca Brands, GeekCartel, Echo, MH Ventures, Aspen Digital, Sudo Research, Sandeep Nailwal, Kenzi Wang and Nick Emmons, among others $6 million raised.

Talus Network is a blockchain platform designed to revolutionize consumer artificial intelligence (AI) applications through decentralization, solving the limitations of centralized AI systems. By incorporating the security, performance, and object-oriented programming of Move smart contracts, Talus provides a robust ecosystem for a variety of AI smart agent applications, including DeFi, intent, gaming, governance, and Initial Model Offerings (IMO). MoveVM technology enhances security, speed and developer experience, enabling the creation of high-performing applications that are more secure and efficient.

Balance (E-PAL) in a round led by Animoca Brands, Amber Group, GSR Markets LTD, MARBLEX Corp., Bing Ventures, Web3Port Labs, Mask Network and Nonagon Capital, among others.

Balance is a Web3 gaming platform developed by the E-PAL team, aiming to revolutionize the gaming industry using blockchain and AI technology. Balance has a traffic pool of 2.4 million Web2 users and aims to create an open, inclusive and fair gaming ecosystem. The platform enables developers to build and promote games more efficiently while providing players with diverse and personalized experiences, driving the development of the Web3 gaming space.

Lumoz (formerly Opside) has raised an undisclosed amount in a funding round with participation from UFLY Labs.

Lumoz is a modular computing layer and ZK-RaaS platform that provides zero-knowledge proof (ZKP) arithmetic for ZK-Rollup using a proof-of-work (PoW) mining mechanism. By integrating a hybrid consensus mechanism of Proof of Stake (PoS) and Proof of Work (PoW), Lumoz provides a simplified solution for Web3 developers, allowing them to generate zkEVM application chains with one click. Its innovative approach simplifies the use of ZK-Rollup and promotes wider adoption, while providing a beneficial environment for miners to participate in zkEVM maintenance and perform ZKP calculations across multiple public chains.

Datalayer raised an undisclosed amount in a funding round that included participation from Connectico Capital.

Datalayer is a Layer 1 blockchain platform designed for user-owned data, personal chain and AI integration. It enables users to control and monetize their data, train decentralized AI models, and participate in a seamless data exchange ecosystem using a privacy-focused personal chain. Through apps like Casho, Datalayer enables users to earn cryptocurrency while sharing data while maintaining data ownership and transparency.

LibertyRoad Capital has raised an undisclosed amount in an M&A funding round with participation from Hilbert Group.

LibertyRoad Capital is a crypto asset management firm specializing in increasing returns on Bitcoin (BTC) and Ethereum (ETH) holdings through complex investment strategies. The company uses advanced technology, including artificial intelligence and machine learning, to combat the volatility of BTC and ETH, aiming to provide significant additional returns over traditional staking or buyback methods.

Kernel DAO was launched in a round by Binance LabsFund, SCB Limited, Laser Digital, Bankless Ventures, Hypersphere, Cypher Capital, Draper Dragon, ArkStream Capital, Digital Asset Capital Management (DACM), HTX Ventures (formerly Huobi Ventures), GSR Markets LTD, Cluster Capital, LongHash Ventures, ViaBTC Capital, Side Door Ventures, NOIA Capital, DWF Labs and AVID3, among others, raised $10 million in financing.

Kernel DAO is a heavily pledged protocol designed to enhance the security and utility of pledged assets on the BNB chain. It maximizes user rewards, reduces onboarding costs, and enhances decentralized security for applications and middleware. KernelDAO provides liquid heavy staking for ETH and other assets through its multi-chain infrastructure, allowing developers and users to participate in innovative staking opportunities.

Pay.so has raised an undisclosed amount in an M&A funding round with participation from Request Finance.

Pay.so is a global payments platform that connects cryptocurrencies with fiat currencies in over 170 /regions. It enables users to make crypto-to-fiat payments, easily accept cryptocurrency payments, and access powerful developer tools like APIs for integrations. Pay.so's focus on seamless user experience, low fees, and compliance makes it ideal for Web3 businesses, freelancers, and marketplaces.

Keywords: Bitcoin
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