- The leaders in terms of the amount of funding received were the Oobit and Cube.Exchange projects.
- The funds’ attention was focused on the DeFi and blockchain infrastructure sectors.
- 14 projects did not disclose the amount of investment.
Between February 1 and February 10, 2024, 34 projects attracted investments totaling $131.4 million.
In particular, during the week the following received funding:
- $25 million – Oobit. The mobile payments app has raised a Series A funding round led by the investment arm of USDT stablecoin Tether.. In addition, the project received funding from Titan Fund CMCC Global and 468 Capital, as well as Solana co-founder Anatoly Yakovenko.
- $12 million – Cube.Exchange. Hybrid cryptocurrency exchange Cube.Exchange announced that it has raised investments in a Series A funding round led by 6th Man Ventures. GSR Markets, Foundation Capital, ParaFi Digital, Susquehanna Private Equity Investments, Everstake Capital and others also invested in the startup.. Once the new funding is secured, the firm plans to “significantly” expand its team and obtain licenses in more jurisdictions.
- $12 million – Nibiru. Nibiru Chain’s L1 blockchain team has raised funding in a funding round that includes Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital and Banter Capital.. The company said that Nibiru Chain is targeting ecosystem expansion in 2024.
- $9 million – Clusters. Delegate Labs, a team dedicated to developing security protocols, announced the closing of a seed round of funding. Investors: Electric Capital, Arca, Variant and Arrington Capital. The capital is being used to support a new protocol called Clusters.
- $8.4 million – Meme Kombat. GameFi project that offers users several additional features, including staking. The platform raised more than $8.4 million at the presale stage. Before launching the game, the developers plan to raise $10 million.
- $8 million – Pixelmon. The decentralized gaming brand has raised funding from Animoca Brands, Delphi Ventures, Foresight Ventures, Amber Group and private investors. The team plans to use the newly raised capital to develop games.
- $6 million – Omega. The Web3 infrastructure provider has received funding from 21 investors, including: Lightspeed Faction, Borderless Capital, Blockchain.com, Kronos Ventures and others. The company intends to use the funds to launch a decentralized infrastructure that will allow Bitcoin owners to use the assets to generate income.
- $5,5 million — Saltwater Games. The Web3 gaming company has raised funding in a seed round co-led by crypto investment firms Deus X and Fourth Revolution Capital. Saltwater plans to use the funds to increase its workforce, invest in new technology and expand its operations.
- $5.2 million – Flood. DEX aggregator attracted investments as part of the seed stage. The round was led by Bain Capital Crypto and Archetype. The project team plans to use the funds received to expand staff and cooperate with decentralized exchanges.
- $5 million – YogaPetz. The project closed a seed round led by Animoca Brands, Soul Capital and Newman Capital. It features an NFT collection and ecosystem dedicated to promoting a healthy lifestyle.
- $4.8 million – Pixels. The platform has attracted strategic investments from Fenbushi Capital and DAO Yield Guild Games. As the developers note, the project offers a new look at Web3 games using the Play-and-Own concept.
- $4.5 million – LightLink. L2 network received investments as part of a seed round of financing, led by T&B Media Global and MQDC. Other investors included JellyC, Aweh Ventures, Blue7 and B3V. The statement said the new capital will be used to “make blockchain as intuitive as traditional platforms.”
- $4.5 million – Glif. Filecoin’s liquid staking protocol received investment in a seed funding round led by Multicoin Capital. Also, such counterparties as Zee Prime Capital, Fintech Collective, Big Brain Holdings, Protocol Labs and others became investors.. With the new capital, Glif intends to increase the total value of FIL tokens locked in the protocol to 100 million, which is approximately $500 million at the time of writing.
- $4 million – Stride. The protocol completed a strategic funding round, which included participation from 1confirmation, Road Capital, Modular Capital, Imperator, Chorus One and private investors. Funds will be used to fuel Stride’s growth within the Celestia ecosystem.
- $3.5 million – Velar. The startup has raised funds to develop a decentralized Bitcoin derivatives exchange. Investors included Black Edge Capital, CMS Holdings, Bitcoin Startup Lab, GBV, Cypher Capital, Trust Machines SPV, Samara Asset Group, Maple Block, Cogitent Ventures and others.
- $3.5 million – Startale Labs. Singapore company developing Web3 infrastructure received funding. UVM Signum Blockchain Fund, Sony Network and Samsung Next Ventures took part in the investment round. It is known that Startale Labs creates infrastructure and applications that integrate with the Astar Network blockchain.
- $3 million – GigaStar. The trading platform closed a Series A round with the participation of DV Chain and Metropolitan Capital. The platform is aimed at content creators on YouTube. With the help of the service, they can turn their fans into strategic investors.
- $3 million – FuzzLand. A provider of tools and solutions for smart contract analysis has closed a seed round led by 1kx. Counterparties such as HashKey Capital, SNZ Holding and Panga Ventures also took part in it.
- $2.5 million – BRC-137. The protocol received investments from Basics Capital, JSquare, DFG Official, Gate Labs as part of a seed funding round. The funds are used to develop and expand the protocol ecosystem with the goal of “creating a vibrant social universe based on Bitcoin.”
- $2 million – Kodiak. The project completed a seed round of financing in which 23 investors took part, including Shima Capital, Kenetic Capital, Amber Group, 3Commas, Lotus Capital and Tenzor Capital. The funds are used to develop our own liquidity center on Berachain.
A number of other projects have attracted funding, but have not reported the amount of investment.
Blockchain project KIP Protocol announced the completion of a strategic funding round led by Animoca Ventures with participation from B.Army, CSP DAO, MQdao, Spicy Capital, Skyvision Capital and Purechain Capital. The team is developing an AI-powered solution that will “protect and monetize valuable knowledge and data.”
The LN Markets project received investment from Lemniscap as part of a seed round of financing.
MON Protocol Raises Investment in Strategic Funding Round. In total, 18 counterparties invested in the startup, in particular: The Spartan Group, Delphi Digital, Animoca Brands, Mechanism Capital, Sfermion, Mask Network.
The ABCDE Fund has invested in the startup Bitmap.tech.
Bitlight Labs, a developer of infrastructure for the RGB protocol, has closed a seed round co-led by Gate Ventures and HV Capital, with participation from MH Ventures, Fundamental Labs, Oak Grove Ventures, Moonrock Capital, Eureka Partners, Waterdrip Capital, MEXC Ventures, XT.com , Bitlight Foundation and private investors.
Bitrise Capital invested in the social Web3 platform DeBox.
Bitcoin-based L2 network Merlin Chain announced the closing of a funding round in which 24 investors took part, including OKX Ventures, ABCDE, Foresight Ventures and Arkstream Capital.
Web3 gaming company Carry1st receives strategic investment from Sony Innovation Fund. The team said the new funds will be used to expand the gaming business market, with the current focus on the African market.
The Algorand Foundation has made a strategic investment in the Folks Finance protocol.
Candaq invested in BiHelix, a startup developing infrastructure in the Bitcoin ecosystem..
Web3 and blockchain consulting firm DeSpread has received investment from AM Management as part of its Series A funding round.
The Carbcoin platform closed a seed round with the support of Amber and Chuangyi Capital. The platform provides infrastructure for trading carbon credits based on the blockchain.
DEXTools service raised funding as part of the seed stage from the venture division of the OKX exchange. The platform provides tools for tracking and analyzing tokens.
Top 5 funds by number of investments in the period from February 1 to February 10, according to CryptoRank data:
During the week, projects in the following segments attracted funding: Web3, blockchain services, blockchain infrastructure, GameFi, DeFi, CeFi, NFT and others.
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