Hotcoin Investment and Financing Weekly Report (08.31-09.06) | 17 public investment and financing events in total, number of financings halved, amount decreased

There were 17 investment and financing events in the crypto market from August 31 to September 6: 3 in DeFi, 3 in gaming, 2 in DePIN, 2 in social, 2 in infrastructure, 2 in tools, 1 in CeFi, 1 in creator economy, and 1 in security solutions. 

There were 2 financings of over ten million dollars this week:

• Blockchain gaming platform Balance completed a $30 million funding round, investors include a16z, Galaxy Interactive, and others.

• Crypto security company Hypernative completed a $16 million Series A funding round; investors include Quantstamp, Borderless Capital, and others. 

This week, investment and financing activity in the crypto market decreased significantly compared to last week, with diversified investment tracks and decreased amounts. The Blockchain gaming platform Balance received the largest financing of the week, with a funding amount of $30 million.

The investment and financing projects this week are sorted by financing amount as follows:

DeFi

1. According to ROOTDATA investment and financing data on 5th September, Dropnest completed a funding round of an undisclosed amount, with Manta Network as the investor. Dropnest is a one-stop airdrop application, providing users with a one-click airdrop interaction experience. Dropnest transfers users' funds into secure smart vaults, handing them over to Dropnest farmers. Dropnest handles all the heavy lifting by interacting with protocols on behalf of users. When protocols release airdrops, Dropnest returns users' initial investments along with their share of airdrop rewards.

2. According to ROOTDATA investment and financing data on 5th September, Vanilla Finance completed a strategic funding round of an undisclosed amount, with HTX Ventures as the investor. Vanilla Finance is a decentralized derivatives trading platform, offering leverage of up to 10,000x without liquidations.

3. According to ROOTDATA investment and financing data on 2nd September, Pencils Protocol completed a strategic funding round of an undisclosed amount, investors include Taisu Ventures, Bing Ventures, and others. Pencils Protocol is a next-generation decentralized platform providing auction services for blockchain-native assets and RWAs, offering users unified leveraged yield aggregation services to maximize asset utilization.

Gaming

1. According to ROOTDATA investment and financing data on 5th September, Balance completed a $30 million funding round, investors include a16z, Galaxy Interactive, and others. Balance is a Web3 platform focused on blockchain gaming, launched by the E-PAL team. Utilizing a pool of 2.4 million Web2 users, Balance aims to bring revolutionary innovation and transformation to the gaming industry using blockchain and AI technologies. By integrating the additional dimensions and advantages of artificial intelligence and blockchain technology, developers can easily build and promote their games, while players can enjoy more diverse and personalized gaming experiences.

2. According to ROOTDATA investment and financing data on 3rd September, Yooldo completed a funding round of an undisclosed amount, with The Linea Ecosystem Investment Alliance as investor. Yooldo, a multi-content and P2E gaming platform, aims to create a sustainable P2E gaming ecosystem where users can gain and share social and economic benefits enjoyably. The platform also aims to be a metaverse workplace where game enthusiasts can build their gaming careers.

3. According to ROOTDATA investment and financing data on 3rd September, CryptoHunter World completed a $2.8 million private round of financing, investors include IOST, HG Ventures, and others. CryptoHunter World is a GPS-based RPG game where players encounter, collect, and battle digital creatures called Cryptids that form the core of the game. The game offers two modes: free users can enjoy Adventure mode; blockchain players can enjoy Hunter mode.

DePIN

1. According to ROOTDATA investment and financing data on 5th September, Puffpaw completed a $6 million seed round of financing, investors include Lemniscap, Spartan Group, and others. Puffpaw is a dePIN project on Berachain, aiming to bring e-cigarettes on-chain. Puffpaw is creating a unique e-cigarette to monitor smoking activity and gamify the entire experience to incentivize people to quit smoking.

2. According to ROOTDATA investment and financing data on 3rd September, onocoy completed a $940,000 strategic financing round, with investors include Smart Island Capital, Thomas Seiler, and others. onocoy is a community-supported GNSS reference station network that provides high-quality RTK corrections for ultra-precise positioning. onocoy incentivizes reference station operators through rewards, ensuring high-quality RTK correction data. The community will quickly grow into the world's densest GNSS reference station network, becoming a shared infrastructure for the high-precision GNSS industry. Stakeholder participation in network ownership and governance ensures full attention to user and market needs. onocoy aims to enable large-scale adoption of high-precision positioning using distributed ledger technology.

Social

1. According to ROOTDATA investment and financing data on 3rd September, 0xPPL completed a strategic funding round of an undisclosed amount. Investors include Alliance DAO, Peak XV Partners, and others. 0xPPL.com is a decentralized social network for cryptocurrency natives.

2. According to ROOTDATA investment and financing data on 3rd September, UXLINK completed a funding round of an undisclosed amount, with Animoca Brands as the investor. UXLINK is a groundbreaking web3 social system designed for mass adoption, allowing users to build social assets and trade cryptocurrencies. It contains a series of highly modular Dapps, from onboarding to graph formation, group tools to social trading, all seamlessly integrated within Telegram.

Infrastructure

1. According to ROOTDATA investment and financing data on 4th September, Cycle Network completed a strategic funding round of an undisclosed amount. Investors include Manta Network, Summer Ventures, and others. Cycle Network is a comprehensive trustless distributed ledger supporting all BTC and EVM networks, where developers can create their dApps on a new layer without recreating codes on different chains. Through account abstraction, users no longer need private keys or seeds to use DApps, reducing gas fees. This enables users to interact and transact across chains and dApps in a trustless, secure, and omnichain environment without bridging.

2. According to ROOTDATA investment and financing data on 2nd September, Kroma completed a Series A funding round of an undisclosed amount, with investors including Spartan Group, Waterdrip Capital, and others. Kroma is a general-purpose ZK Rollup based on the Optimism Bedrock architecture, developed by Lightscale. Initially, Kroma uses a Scroll-based zkEVM, running as an Optimistic Rollup with ZK fault proofs. Kroma's goal is to eventually transition to a ZK Rollup once ZK proof generation becomes more cost-effective and faster. Kroma is deployed on the Sepolia testnet for further testing and optimization.

Tools

1. According to ROOTDATA investment and financing data on 5th September, Arris completed a funding round of an undisclosed amount, investors include Cryptogram Venture, Dmail, and others. Arris is an on-chain interaction aggregation growth platform, aiming to create a DeFi ecosystem aggregation airdrop platform integrating DEX, IMO, and DAO.

2. According to ROOTDATA investment and financing data on 2nd September, TrendX completed a $5 million Series A funding round; investors include Coresky, Tido Capital, and others. TrendX is an AI-driven one-stop platform for Web3 trend tracking and smart trading. It uses large language models and AI technology to find market trends, seamlessly integrating with smart trading. TrendX aims to become the next-generation AI trading platform for future 1 billion users entering Web3 searching for projects, finding hot spots, spot trends, making primary investments, and conducting secondary trading.

Others

1. According to ROOTDATA investment and financing data on 6th September, Blabla completed a seed round of funding of an undisclosed amount, investors include Blockchain Association of Europe, Hopechain, and others. BlaBla is a SocialFi project created by TikTok and Meta former team members. It is invested by Morse and is the first DAPP in the Morse ecosystem. BlaBla is implementing a decentralized model and transparent reward system, allowing every user and creator to get a fair share. Users earn tokens by watching, sharing and interacting with content, while creators benefit from tips provided directly by users.

2. According to ROOTDATA investment and financing data on 3rd September, Hypernative completed a $16 million Series A funding round. Investors include Quantstamp, Borderless Capital, and others. Hypernative is a crypto security company that prevents cyber threats, economic and governance risks, protecting digital asset managers, protocols, and Web3 applications from significant losses. Powered by its "pre-cog" platform, Hypernative uses proprietary machine learning models to monitor on-chain and off-chain data sources to accurately predict cyber, economic, governance, and community threats before they cause an impact.

3. According to ROOTDATA investment and financing data on 2nd September, IDA completed a $6 million seed round of financing. Investors include Hashed, CMCC Global, and others. IDA is a digital asset technology company helping enterprises integrate Web2 and Web3 seamlessly. HKDA is a fiat-referenced stablecoin built on public blockchain protocols, and will be the first product launched by IDA. HKDA aims to drive enhanced digital connectivity, enabling seamless 24/7/365 commerce and payments between Hong Kong and global markets.