Hotcoin Investment and Financing Weekly Report (8.24-8.30) | A total of 27 publicly disclosed investment and financing events

During the period from August 24 to August 30, there were 27 investment and financing events in the crypto market. These included 11 in infrastructure, 4 in DeFi, 2 in gaming, 2 in creator economy, 2 in artificial intelligence, 1 in fundraising platforms, 1 in social networking, 1 in marketing solutions, 1 in CeFi, 1 in DePIN, and 1 in Launchpad.

There were four financing events exceeding $10 million this week:

• Developer-oriented stablecoin API Bridge completed a $58 million financing round, with investors including Haun Ventures and Sequoia Capital.
• Decentralized AI computing network Edge Matrix Chain completed a $20 million financing round, with investors including Amber Group and Polygon Labs.
• Solana's re-staking network Solayer completed a $12 million seed round, with investors including Polychain and Binance Labs.
• Decentralized competitive gaming ecosystem Gameplay Galaxy completed an $11.17 million extended seed round, with investors including Blockchain Capital and Merit Circle.

Investment and financing activity in the crypto market remained consistent this week compared with last week, with 11 deals in infrastructure and 4 in DeFi. The largest financing this week was secured by the developer-oriented stablecoin API Bridge, with a total of $58 million.

The investment and financing projects this week are sorted by financing amount as shown in the following chart:

Infrastructure

1. According to ROOTDATA investment and financing data on 08-29, Bridge completed a $58 million funding round; investors include Haun Ventures and Sequoia Capital. Bridge is building a stablecoin-driven capital flow platform, offering services like payments, cross-border payments, and currency exchange. Its issuance API enables any company or team to provide digital dollar-based services to their end consumers or businesses.
2. According to ROOTDATA investment and financing data on 08-29, Bware Labs completed an undisclosed amount of acquisition financing, with Alchemy as investor. Bware Labs' mission is to create an infrastructure and development ecosystem to help Web3 builders complete the entire blockchain journey. The first major product developed by Bware Labs is Blast, a blockchain API platform that allows developers easy access to the most relevant networks in the blockchain space.
3. According to ROOTDATA investment and financing data on 08-29, Edge Matrix Chain completed a $20 million funding round, with investors including Amber Group and Polygon Labs. Edge Matrix Chain is an edge computing protocol based on blockchain and peer-to-peer networks, featuring smart contracts, decentralized storage, and transaction verification consensus mechanisms. It aims to connect various servers, personal computers, and other devices to form a decentralized computing network, providing users with more flexible, reliable, and efficient computing resources, enabling users to share computing resources and process data together.
4. According to ROOTDATA investment and financing data on 08-29, Quai Network completed a $5 million strategic funding round, with investors including MH Ventures and Cogitent Ventures. Quai Network is an open-source proof-of-work blockchain network that leverages merged mining to enhance throughput and security. Users of Quai Network will enjoy fast transaction times without compromising decentralization and security. Miners will have competitive mining opportunities across multiple blockchains within the network.
5. According to ROOTDATA investment and financing data on 08-29, double jump.tokyo completed a $10 million Series D funding round, investors include SBI Investment and Taisu Ventures. double jump.tokyo is a blockchain game development platform that provides a program to help game developers build blockchain games. The company collaborates with leading gaming companies to co-develop blockchain games, establish a strong blockchain infrastructure, and nurture NFT projects with well-known IPs.
6. According to ROOTDATA investment and financing data on 08-27, Solayer completed a $12 million seed funding round, with investors including Polychain and Binance Labs. Solayer is building a re-staking network on Solana. Solayer utilizes its economic security and premium execution as decentralized cloud infrastructure, enabling application developers to achieve a higher degree of consensus and block space customization.
7. According to ROOTDATA investment and financing data on 08-27, SOON completed an undisclosed amount of funding, investors include Anatoly Yakovenko and Lily Liu. SOON is an SVM network that allows any SVM L2 to be deployed on any L1.
8. According to ROOTDATA investment and financing data on 08-27, Space and Time completed a $20 million Series A funding round, investors include Framework Ventures and Arrington Capital. Space and Time is a Web3-native decentralized data platform that supports low-latency queries and tamper-proof analytics across Web3. Dapps built on Space and Time become blockchain interoperable, handling SQL + machine learning for games/DeFi data and any decentralized applications that require verifiable, tamper-proof, blockchain-secure, or enterprise-scale processing.
9. According to ROOTDATA investment and financing data on 08-26, OneBalance completed a $5 million funding round, investors include Vasiliy Shapovalov and banteg. OneBalance is a new framework for trusted accounts, combining chain abstraction, gas abstraction, and permission management to solve the fragmented Web3 user experience.
10. According to ROOTDATA investment and financing data on 08-26, bolt completed a $4.6 million seed funding round; investors include cyber Fund and Maven11. Bolt enables Ethereum block proposers to make trustworthy commitments to their block content. The system aims to improve Ethereum's user experience and censorship resistance by unlocking new off-protocol primitives, such as pre-confirmations and inclusion lists. Ultimately, this will increase the value of differentiated block space for users and applications and provide more revenue for validators.
11. According to ROOTDATA investment and financing data on 08-24, Nautilus Chain completed an undisclosed amount of acquisition financing, with 3Base as the investor. Nautilus Chain is a modular blockchain built on Eclipse, combining Solana's speed with Ethereum's decentralization and security to become the fastest EVM chain capable of parallel transaction processing. With Nautilus, Web3 technology will have the reliability and scalability required to replace global traditional payment systems. The project's predecessor was Zebec Chain.

DeFi

1. According to ROOTDATA investment and financing data on 08-29, Level completed a $3.6 million funding round, investors include Dragonfly and Polychain. Level is a stablecoin protocol backed by re-staked dollar tokens like USDT and USDC. Level USD (lvlUSD) is a liquid re-staked dollar: a yield-generating cross-chain dollar token backed 1:1 by re-staked stablecoins.
2. According to ROOTDATA investment and financing data on 08-27, Echelon Market completed a $3.5 million seed funding round; investors include Amber Group and Cypher Capital. Echelon is a decentralized financial market written in the Move programming language. Its users can indirectly lend and borrow assets through non-custodial pools to earn interest or increase purchasing power through leverage.
3. According to ROOTDATA investment and financing data on 08-26, Origami Finance completed a $1.5 million seed funding round, investors include Ouroboros Capital and Fjord Foundry. Origami is an automatic leverage protocol designed to potentially increase returns by allowing users to increase their token exposure while maximizing capital efficiency between lenders and borrowers. Origami can boost yields through leverage and automatic compounding (also known as folding).
4. According to ROOTDATA investment and financing data on 08-26, BTA Protocol completed a $1.5 million Series A funding round, with investors including Athena Ventures and coinIX. BTA Protocol is a decentralized ecosystem protocol based on BTC, offering staking, liquidity, range stability, launchpool, and lending applications.

Gaming

1. According to ROOTDATA investment and financing data on 08-28, SnakeLite completed a multi-million dollar funding round, investors include Mirana Ventures and HTX Ventures. SnakeLite is a Telegram-based Tap-to-Earn GameFi. SnakeLite offers a fun and innovative way for players to explore the Web3 metaverse and participate in challenges, earning tokens simply by tapping the screen.
2. According to ROOTDATA investment and financing data on 08-28, Gameplay Galaxy completed an $11.17 million expansion seed funding round, investors include Blockchain Capital and Merit Circle. Gameplay Galaxy is a decentralized competitive gaming ecosystem. Developed by the creators of the leading Web2 gaming series Trial Xtreme, which has over 250 million downloads in various motorcycle racing games, Gameplay Galaxy players can own, buy, and sell vehicles, tracks, characters, studios, and other items as NFTs in a seamless, direct way.

Creator Economy

1. According to ROOTDATA investment and financing data on 08-28, myco completed a $10 million Series A funding round, with investors including Aptos and Ghaf Capital Partners. myco is a Web3 video streaming, financing, production, and distribution platform where viewers can earn money by watching content, and creators can earn money by creating content. myco supports viewers and creators in a fully decentralized video ecosystem through real-time monetization, crowdfunding, gated NFTs, and fractional ownership of content. myco also pioneers premium content experiences by creating Cineverse (cinemas in the metaverse).
2. According to ROOTDATA investment and financing data on 08-29, Mereo completed an undisclosed amount of strategic funding, with Aptos as the investor. Mereo is revolutionizing fan engagement by empowering IP owners to identify and create more engaged fans. As an experiential social platform, Mereo allows fans to benefit from their reputation. By bringing intangible value of community actions on-chain, Mereo aims to convert these actions into redeemable real-world assets and experiences.

Artificial Intelligence

1. According to ROOTDATA investment and financing data on 08-30, Adot completed an undisclosed amount of strategic funding, with Aptos as the investor. Adot is a decentralized AI internet search network. It provides users with a more convenient and intelligent Web3 content search experience, and helps developers quickly build their personalized search functions. Adot's mission is to create a decentralized search network that fully surpasses traditional search engines, making all premium data openly accessible to every user and developer.
2. According to ROOTDATA investment and financing data on 08-27, Nectar AI completed a $3.9 million funding round, investors includeMechanism Capital and Karatage. Nectar AI is a Web3 AI immersive companion offering on-chain and off-chain integrated experiences, allowing users to create uncensored and replicable multimodal AI companions in a lifelike or anime style. By detecting user intent and appropriately responding with images or text within seconds, users can deeply customize characters. Creators retain full IP ownership of their assets, enabling permissionless monetization.

Others

1. According to ROOTDATA investment and financing data on 08-27, LEGION completed a $2 million seed funding round, investors include cyber Fund and Delphi Digital. Legion enables retail investors to invest in on-chain fundraising with regulatory compliance and investor accountability. Projects using Legion can customize allocations, whitelists, discounts, and more using on-chain and off-chain standards for each investor, forming an organic and supportive community. Each user on Legion is assigned a Legion Score, along with subcomponent scores and achievements, reflecting their ability to add value in multiple aspects and greatly reducing bot and Sybil activities. These reputation scores change based on how investors support the projects they invest in, curbing short-term, value-extractive behavior.
2. According to ROOTDATA investment and financing data on 08-29, time.fun completed a $3 million seed funding round; investors include Brevan Howard Digital and Coinbase Ventures. time.fun is a time tokenization platform that allows time holders to connect with fans. As time holders provide more value to fans, their time value naturally increases due to market demand. Whenever someone trades their time, time holders can earn ETH from transaction fees and redemptions.
3. According to ROOTDATA investment and financing data on 08-30, Verofax completed a $3 million funding round; investors include Plug & Play Tech Center and Navig8 Group. Verofax is a Web3 service provider that uses Web3 technologies, such as augmented reality, blockchain, and artificial intelligence, to enhance marketing experiences for visitors, shoppers, and brands.
4. According to ROOTDATA investment and financing data on 08-29, Neverless completed a $6.7 million pre-seed funding round, with undisclosed investors. Neverless is a cryptocurrency trading platform launched by former Revolut executives and supports automated investment accounts. Neverless allows users to trade cryptocurrencies with zero fees. The company is registered as a Virtual Asset Service Provider (VASP) with the Central Bank of Spain.
5. According to ROOTDATA investment and financing data on 08-24, ATT completed an undisclosed amount of funding, with Waterdrip Capital as the investor. Advertising Time Token (ATT) is a Web3.0 project that combines RWA and DePin technologies, utilizing a unique DA-AIOT-P (Decentralized Asset-Artificial Intelligence of Things-Payment) mechanism to create a new digital advertising ecosystem that integrates physical advertising assets, e-commerce merchants, user resources, and digital technology. This ecosystem is currently centered on an LED screen in Lan Kwai Fong, Hong Kong, and is expanding into key commercial districts in Southeast Asia, Japan, Korea, and Europe.
6. According to ROOTDATA investment and financing data on 08-26, BSCS completed an undisclosed amount of strategic funding, with K300 Ventures as the investor. BSCS (BSCStation) is a one-stop incubation center for blockchain startups, offering services including BSCSwap, IDO Launchpad, yield farming, NFT auctions, and a marketplace, especially for incubating blockchain startups.