Between March 24 and March 29, a total of 35 investment and financing events occurred in the crypto market, including 17 in infrastructure, 7 in games, 5 in DeFi, 4 in Depi, 1 in AI, and 1 in others.
There were 15 financings worth more than 10 million US dollars this week, three of which exceeded US$30 million:
Modular AI blockchain 0G completed a Pre-seed round of financing of US$35 million, with investors including Hack VC, Dispersion Capital, etc.
Sci-fi-themed trading card game Parallel has closed a $35 million funding round from investors including Solana Ventures, Distributed Global and others.
Gunzilla Games, a game developer, has raised $30 million in Series A funding from investors including CoinFund, Blizzard Fund, and others. Currently in development is Off The Grid (OTG), a cyberpunk battle royale 2.0 game.
The popularity of investment and financing in the crypto market continues to rise this week, with 17 financing events in the infrastructure field, followed by financing in the gaming field. Narratives such as DeFi, Depin, and AI have attracted investors attention. This weeks financing areas are rich and diverse, and they are concentrated in currently hot tracks. Based on the modular AI blockchain 0G received the largest amount of financing this week.
This week’s investment and financing projects are sorted by financing amount as shown below:
infrastructure
According to ROOTDATA investment and financing data on March 29, Mirror World completed a multi-million-dollar Pre-A round of financing, and the investor was not disclosed. Mirror World’s smart platform is an all-in-one application development platform that provides multi-chain in-app market solutions, NFT management services, social authentication, MPC wallet solutions.
According to ROOTDATA investment and financing data on March 28, BiconomyBICO completed a round of strategic financing, with investors including Jump Capital, Borderless Capital, etc. Biconomy is the next generation multi-chain transaction infrastructure for web3.0 applications. Through Biconomys powerful and easy-to-use API, developers can achieve gas-free meta transactions, instant cross-chain transfers, gas payments with custom tokens, simple Layer 2 onboarding, and zero-failure transactions. By solving these critical pain points at the crypto transaction layer, Biconomys mission is to simplify the Web 3 experience to drive mass adoption.
According to ROOTDATA investment and financing data on March 28, Midas completed a seed round of financing of US$8.75 million, with investors including Framework Ventures, BlockTower Capital, etc. Midas is an asset tokenization platform that provides investment in institutional-grade assets on-chain. Through Midas, investors can gain exposure to on-chain investment-grade securities while leveraging the full suite of DeFi applications through permissionless ERC-20 tokens.
According to ROOTDATA investment and financing data on March 28, FLock.io completed a seed round of financing of US$6 million, with investors including Faction, Tagus Capital, etc. FLock aims to build a decentralized privacy protection solution for artificial intelligence. FLock proposed a research initiative called Federated Learning Blocks (FLocks for short), which uses blockchain as a coordination platform between data holders to conduct machine learning while the data remains local and private. By replacing the central entities that collect data and organize machine learning with blockchain, FLocks aims to empower users to mine insights from their own data and monetize it at their own discretion.
According to ROOTDATA investment and financing data on March 28, DappOS completed a Series A financing of US$15.3 million, with a valuation of US$300 million. Investors include Polychain, Nomad Capital, etc. dappOS is a Web3 intent execution protocol designed to make dApps as user-friendly as mobile apps. As a unified operating protocol for Web3, it builds a layer between users and encryption infrastructure such as public chains and cross-chain bridges, allowing users to complete verification and execution in the decentralized world by simply interacting with dappOS.
According to ROOTDATA investment and financing data on March 28, Taproot Chain completed a multi-million-dollar financing round, with investors including Negentropy Capital, BitValue Capital, etc. Taproot Chain is an application layer Layer 2 solution on Bitcoin, designed to reduce transaction costs, speed up transactions, enhance network scalability, and promote widespread adoption of BTC.
According to ROOTDATA investment and financing data on March 27, BOB completed a round of financing of US$10 million, with investors including Castle Island Ventures, Bankless Ventures, etc. BOB (Build On Bitcoin) is an EVM rollup stack with native Bitcoin support. Developers build decentralized applications on top of Ordinals, Lightning, and Nostr.
According to ROOTDATA investment and financing data on March 27, Neutronpay completed a round of financing of US$1.5 million from Axiom Capital. Neutronpay is a Lightning Network payments provider that enables consumers and businesses to send and receive payments on Bitcoin’s Lightning Network.
According to ROOTDATA investment and financing data on March 27, Bitlayer completed a seed round of financing of US$5 million, with investors including Framework Ventures, ABCDE Capital, etc. Bitlayer is the secure equivalent of Layer 2 to Bitcoin based on BitVM. The innovative BitRC-20 asset framework provides the ecosystem with a rich set of asset classes.
According to ROOTDATA investment and financing data on March 26, Reya Network completed a round of financing of US$10 million, with investors including Framework Ventures, Coinbase Ventures, etc. Reya Network is a modular L2 optimized for transaction scenarios. Capital invested in Reya Network is effectively used to support trading through a passive liquidity pool mechanism, which creates instant shared liquidity for all exchanges operating within the Reya ecosystem. The margin engine logic is embedded into the Reya Network itself, meaning users have a margin account that can be used on multiple exchanges. Transactions are executed on a first in, first out (FIFO) basis with zero gas fees, eliminating front-running and MEV. The projects predecessor, Voltz Protocol, is an automated market maker for interest rate trading.
According to ROOTDATA investment and financing data on March 26, Ordinalsbot completed a seed round of financing of US$3 million, with investors including DACM, Eden Block, etc. Ordinalsbot is a tool that helps users who do not have a Bitcoin full node mint ordinals inscriptions, and provides browser functionality, as well as related tools for developers and creators.
According to ROOTDATA investment and financing data on March 26, 0G completed a Pre-seed round of financing of US$35 million, with investors including Hack VC, Dispersion Capital, etc. 0G is a modular AI blockchain with a scalable programmable DA layer for AI dapps. Its modular technology will enable frictionless interoperability between chains while ensuring security, eliminating fragmentation and maximizing connectivity to enable a weightless and open metaverse.
According to ROOTDATA investment and financing data on March 26, Nubit completed a Pre-seed round of financing of US$3 million, with investors including dao 5, OKX Ventures, etc. Nubit is a scalable Bitcoin-native data availability layer secured by Bitcoin. Nubit expands Bitcoins data capacity without compromise, empowering applications such as Ordinals, Layer 2s, price oracles, and indexers, thereby broadening the scope and efficiency of the Bitcoin ecosystem. It leverages innovative consensus algorithms and the Lightning Network, inheriting Bitcoin’s complete censorship resistance.
According to ROOTDATA investment and financing data on March 25, GraphLinq Chain completed a round of financing with an unknown amount, and the investor was DWF Labs. The GraphLinq ecosystem consists of the GraphLinq chain and the GraphLinq protocol, which aims to enable users to easily deploy and manage automated processes without programming skills through four major components: IDE, App, engine and market. It leverages the POA blockchain to ensure secure and accurate execution of automation.
According to ROOTDATA investment and financing data on March 25, BEVM completed a round of tens of millions of dollars in financing with a valuation of US$200 million. Investors include RockTree Capital, Waterdrip Capital, etc. BEVM is a decentralized Bitcoin L2 compatible with EVM, using BTC as Gas. It allows all DApps that can run in the Ethereum ecosystem to run on Bitcoin L2.
According to coincarp investment and financing data on March 28, Web3 Enabler Parameta Co., Ltd. (formerly Icon Loop, CEO Kim Jong-hyup) announced on the 28th that it had attracted additional investment worth 9 billion won (approximately US$6.67 million). Through this round of investment, Parameter has invested a total of 25 billion won and is attracting follow-up investments from other investment companies. Two investment companies, Shinhan Venture Investment and Korea Asset Investment Securities, participated in this round of investment. The company develops and operates Loopchain, a blockchain core engine for public and enterprise use. Loopchain is used in public chain networks such as ICON and HAVAH, as well as in various enterprise fields such as finance, public affairs, and certification.
According to coincarp investment and financing data on March 27, ALIENX has completed two rounds of financing totaling US$17 million, with investors including OKX Ventures, C² Ventures, NEXT Leader Capital, etc. ALIENX Chain is valued at $200 million in its latest funding round of $5 million. ALIENX is a high-performance staking blockchain powered by AI nodes designed to promote widespread adoption of NFTs and games. Support users to run AI nodes and earn network rewards by staking BTC, ETH, SOL, ARB, NFT and other assets.
game
According to coincarp investment and financing data on March 26, Web3 gaming startup MyPrize completed two rounds of financing totaling US$13 million. Investors include Dragonfly Capital, Boxcars Ventures, a16z crypto, etc.
According to ROOTDATA investment and financing data on March 28, Parallel completed a round of financing of US$35 million, with investors including Solana Ventures, Distributed Global, etc. PARALLEL is a science fiction-themed trading card game (TCG) that uses the power of NFT to give players ownership of their cards and other game assets. These cards can be used to build a deck and play it in an online client/mobile game currently in development.
According to ROOTDATA investment and financing data on March 27, BloodLoop completed a seed round of financing of US$4 million, with investors including Avalanche Foundation, Merit Circle, etc. BloodLoop is a 5 v 5 hero shooter built using web3 technology. BloodLoop is set in a dystopian future where factions fight for control and teams of heroes clash in epic showdowns. BloodLoop utilizes a custom blockchain (based on the Avalanche subnet) to eliminate any friction points and a range of custom plugins.
According to ROOTDATA investment and financing data on March 27, Elixir completed a seed round of financing of US$14 million, with investors including Square Enix, Shima Capital, etc. Elixir is a web3 game launcher that provides advanced distribution and connectivity tools, game verification services, and anti-cheat and anti-hacking layers to help bring a safer web3 gaming experience to players and guilds. Elixir also has a social platform that facilitates creating communities and boosting the game economy.
According to ROOTDATA investment and financing data on March 26, IlluviumILV completed $12 million in Series A financing, with investors including King River Capital, Arrington Capital, etc. Illuvium is an open-world RPG adventure game based on the Ethereum blockchain that allows players to collect, trade and battle NFT assets. In Illuvium, players will encounter creatures called Illuvials, which can be defeated and captured. A successful capture results in a new NFT asset representing Illuvial being minted and stored in the wallet. These NFTs can then be used in battle or traded. Additionally, Illuvium will provide these capabilities at zero gas cost by building on Immutable X, a Layer-2 solution.
According to ROOTDATA investment and financing data on March 26, Gunzilla Games completed $30 million in Series A financing, with investors including CoinFund, Blizzard Fund, etc. Gunzilla Games is a game developer currently developing Off The Grid (OTG), a cyberpunk battle royale 2.0 game.
According to ROOTDATA investment and financing data on March 26, BlockGames completed a round of financing of US$6 million, with investors including Newman Capital, 32-Bit Ventures, etc. BlockGames is a cross-chain, cross-game, decentralized player network that accelerates the growth of game users. Players can explore new games in the app, track their BlockGames ID, and redeem points for rewards such as gift cards, digital collectibles, tokens, and more.
DeFi
According to coincarp investment and financing data on March 25, Bitcoin DeFi developer Alex announced the completion of US$8.5 million in financing. Major institutional investors include Solana Ventures, AIET’s ecological parent chain, as well as DWF Labs, Hack VC and OKX Ventures. NVIDIA is also one of the key partners and continues to work to secure additional advances from other institutions. ALEX plans to use the funds to continue developing its Bitcoin-specific decentralized finance layer on Stacks, the second layer of the Bitcoin network.
According to ROOTDATA investment and financing data on March 27, Unstable Protocol completed a seed round of financing of US$2.5 million, with investors including Lattice Capital, Laser Digital, etc. Unstable Protocol is an LRTfi native lending protocol that provides users with the ability to borrow against their (re)collateralized ETH and even unlock the utility of their (re)collateralized ETH on the Layer 2 blockchain.
According to ROOTDATA investment and financing data on March 26, Alex completed strategic financing of US$10 million, with investors including Spartan Group, CMS Holdings, etc. ALEX is an open source Bitcoin DeFi platform based on the Stacks blockchain. ALEX brings Bitcoin to users through: projects launching their tokens, lending with fixed ratings and fixed terms without liquidation risk, advanced DEX (decentralized exchange), depositing tokens to earn interest and pass yields Farming yields high returns.
According to ROOTDATA investment and financing data on March 26, Satoshi Protocol completed a seed round of financing with an unknown amount. Investors include Web3Port, Waterdrip Capital, etc. Satoshi Protocol is a CDP protocol built on BEVM, which facilitates users to deposit BTC and mint the stable currency SAT. SAT is over-collateralized by BTC. If the position collateralization ratio is lower than 110%, a liquidation will be triggered and the stability pool will be used to repay the debt. In short, SAT is over-collateralized, has a liquidation mechanism and a debt repayment stabilization pool.
According to ROOTDATA investment and financing data on March 25, StakeStone completed a round of financing with an unknown amount. Investors include Binance Labs, OKX Ventures, etc. StakeStone is a liquid staking derivatives basket (LSDb) token supported by ETH staking income. It integrates the income of mainstream staking pools, Re-Stake and LSD blue chip DeFi strategies to provide a new and highly adaptable staking income bottom layer for all protocols. Assets require the liquidity of LSD.
Depin
According to ROOTDATA investment and financing data on March 27, Hive completed $13 million in Series A financing, with investors including SC Ventures, OneRagtime, etc. Hive is a distributed data storage and computing platform that allows users to rent their own computing resources and perform localized storage and processing. Hive provides secure storage (HiveDrive) and computing (HiveCompute) services through its network called HiveNet.
According to ROOTDATA investment and financing data on March 27, peaq completed a round of financing of US$15 million, with investors including Generative Ventures, Borderless Capital, etc. peaq is the Web3 network powering the Internet of Things (EoT) on Polkadot. peaq enables entrepreneurs and developers to build decentralized applications for vehicles, robots, and devices, while empowering users to manage and earn revenue as connected machines deliver goods and services.
According to ROOTDATA investment and financing data on March 26, MetaBlox completed strategic financing of US$5 million, with investors including Anagram, Volt Capital, etc. MetaBlox is a decentralized global WiFi network that provides enterprise-grade WiFi roaming to the global public, ensuring uninterrupted, low-cost access to Web3 and Metaverse, as well as enhanced network security and a superior overall experience compared to cellular services.
According to ROOTDATA investment and financing data on March 25, Meson Network completed a round of strategic financing with an unknown amount. Investors include Summer Ventures, EVG, etc. Meson Network is committed to creating an efficient bandwidth market on Web3, using the blockchain protocol model to replace the traditional labor-based sales model, integrating and monetizing idle bandwidth from long-tail users at low cost. Meson Network DePIN nodes are developed with user-friendly technology to accommodate a variety of hardware such as personal laptops, servers, IoT devices, etc. Utilizing the idle bandwidth of these network nodes, Meson establishes an economic loop that connects idle resources with business needs. Meson Network is the data transmission foundation for decentralized storage, computing, and the emerging Web3 Dapp ecosystem.
AI
According to ROOTDATA investment and financing data on March 27, MyShell completed a Pre-A round of financing of US$11 million, with investors including Dragonfly, Delphi Digital, etc. MyShell is a decentralized AI consumer layer that allows creators to build artificial intelligence agents or bots that consumers or users can use. Its ecosystem includes bots like OpenVoice, an instant voice cloning program; MeloTTS, a multilingual text-to-speech (TTS) library; and Alice, an artificial intelligence agent that can perform a variety of tasks, including topic research, coding, and literature reviews .
other
According to ROOTDATA investment and financing data on March 26, CTF Capital completed a round of MA financing with Borderless Capital as the investor. CTF Capital is a quantitative crypto asset investment management company focused on exploring investment opportunities through digital assets.
