BNB Chain Innovation’s Post

CryptoWeekly is proud to bring you the latest fundraising deals in Web3! Well done to everyone 🚀🌟🚀 Espresso Systems secured $28M in Series B Funding from a16z crypto, propelling innovation in the United States market. Espresso is designed to offer rollups a means of achieving credible neutrality, enhanced interoperability, and long-term alignment with Ethereum. Succinct raised $55M in Series A round led by Paradigm, marking a significant milestone for disruptive solutions in the United States. Succinct primarily focuses on making zero-knowledge proofs accessible to any developer. Tanssi Network raised $6M in Seed funding from KR1, enhancing blockchain solutions in France. Appchains connected to the Tanssi Network transform into ContainerChains, gaining access to a range of tools and resources. CoinMart secured $4M in Seed funding from IDG Capital, fueling growth in The Netherlands. CoinMart aims to democratize crypto investment and trading for all. Their mission is to bring cryptocurrency into everyone's reach while offering unparalleled simplicity, unwavering safety & security, and modest fees. Rails raised $6.2M in Seed funding from Slow Ventures, expanding opportunities from the Cayman Islands. Rails enables users to trade crypto derivatives at lightning speed while maintaining self-custody. Ago successfully completed a $2.5M Initial Coin Offering, paving the way for innovation in The Netherlands. The company's mission statement is that users don’t need banks anymore as Ago makes it easy to invest in crypto and manage money. Kemet Trading secured $5M in Angel funding, driving advancements in the United States market. Kemet provides the first true institutional single-access point into the digital asset derivative ecosystem. Matter Labs completed a $50M Initial Coin Offering with support from Sygnum, advancing blockchain technology in Germany. Cathedral Studios raised $6.6M in Seed funding from Arca, fostering innovation in the United Kingdom. MANTRA secured $11M in Seed funding from undisclosed investors, driving growth in Hong Kong. As the first RWA Layer 1 blockchain, MANTRA is capable of adherence and enforcement of real world regulatory requirements. GRVT raised $2.2M in Seed funding from QCP Capital, expanding opportunities in Singapore. Keyring Network secured $6M in Seed funding from Greenfield, enhancing blockchain solutions in the UK. Keyring focuses on permissioning tools for compliant transactions on-chain, powered by zero-knowledge privacy. Tokenize Xchange raised $15.5M in Series A funding from TRIVE, empowering digital asset exchange in Singapore. The Tokenize team aspires to build the next-generation digital currency exchange that supports established and emerging virtual currencies. Exciting times ahead! Be sure to follow CryptoWeekly for the all the latest updates about #Web3 fundraising. #blockchain #cryptocurrency #funding #innovation #fundraising #investment #money #fintech

🚀 Exciting News in the Web3 Space! 🌐 Fetcch, the cutting-edge web3 payments and digital rewards infrastructure platform, has just closed an impressive $1.5 million in its pre-seed round! 🌟 The funding was led by the visionary AppWorks Venture and HashKey Capital, along with participation from LD Capital, Compute Ventures, M6, GravityX Capital, and NGC. 🤝💰 Founded in May 2023 by Mandar Dange and Satyam Kulkarni, Fetcch is on a mission to revolutionize the digital payments and rewards landscape, particularly within the Web3 payments ecosystem. 🚀🌐 The funds raised will fuel the platform's ambitious plans for product development and expansion in the Web3 sector, all while simultaneously crafting innovative solutions for Web2.5 use cases. 🌍💡 One of Fetcch's standout products is Deposit Guardrails, an API/SDK designed to provide secure and seamless deposit functions for institutional platforms like Over the Counter Market (OTCs), market makers, and exchanges. 🤖💳 What sets Fetcch apart is its focus on cross-chain payments, addressing the intricacies of interactions across different chains. By integrating with cross-chain solutions such as LayerZero, Axelar, Wormhole, CCTP from Circle, and CCIP from Chainlink, Fetcch efficiently manages backend settlements. 🔄💼 Users no longer need to navigate the complexities of cross-chain interactions, thanks to Fetcch's streamlined approach. The startup proudly announces its integration with over 23 wallets, achieving daily transaction volumes reaching an impressive $35K through its platform. 📈💼 This underscores Fetcch's growing influence in the digital payments landscape and its commitment to providing reliable solutions in the ever-evolving Web3 space. 🌐🚀 Congratulations to Fetcch on this significant milestone! 🎉🥂 We look forward to witnessing the continued success and innovation this dynamic team will bring to the world of web3 payments and rewards. 👏🚀 #Fetcch #Web3 #DigitalPayments #Innovation #BlockchainRevolution 🌐💸

When combined with new products, tokens – or the promise of tokens – have proven effective at alleviating the cold start problem. But, networks that launch with a token from the jump, must find PMF in a shortened window amidst inorganic activity or otherwise these networks are just spending tokens for limited upside. My friend and fellow investor, Tina Dai calls this the “hot start problem” where the presence of a token limits the window of time a startup has to find PMF and gain enough organic traction such that the startup can retain users/liquidity as token rewards diminish. But there are times when opting into the “hot start problem” is advantageous to dealing with the traditional cold start. The hot start problem – launching tokens early and dealing with finding PMF amidst inorganic activity – is favorable to the cold start problem in two scenarios: 1) Startups competing in red ocean markets (markets with a high degree of competition and known demand) Examples: Second mover defi protocols, Blur vs OpenSea, LRTs, etc. 2) Products and networks with passive-supply side participation Examples: passive jobs to be done – staking (L1s), providing liquidity, or set-it and forget-it hardware (e.g. DePIN). Full post: https://t.co/OTrC4Jllsv

🎉🎉 It's only Wednesday, and already had to share some more EXCITING fundraises team announced in the web3 community 🎉🎉 A few times a week, I love to simply share and celebrate about new funding that web3 companies have raised. Want to talk FinOps for your new on-chain funding? Shoot me a DM 📩 -- Partior Enables end-to-end atomic settlements in multiple currencies, improving efficiency, reliability, and security for financial institutions. Leverages blockchain benefits like programmability, immutability, and traceability. Funding: $60,000,000 Round: Series B Team: Stella Lim Humphrey Valenbreder Kunaal Patel beoble Communication infrastructure allowing wallet-to-wallet chat with a web-based app and integration toolkit. Funding: $3,000,000 Round: Strategic Team: Sung Cho Jungwoo Yun Chanhyeok Yim Bima Omni-chain stablecoin protocol on Bitcoin allowing users to stake BTC and mint USBD. Funding: $2,250,000 Round: Pre-Seed Team: Piyush Maheshwari Paul Taylor Caliza Fintech providing digital dollar accounts and real-time payments using USDC stablecoins. Funding: $8,500,000 Round: Strategic Team: Ezra Kebrab Samuel E. Guillermo Gonzalez Aguado Aguado Marcus McLaughlin Chirag Shukla Catizen (Pluto Studio Limited) Cat-themed game integrating GameFi, AI, and the Metaverse for an immersive experience. Funding: Not Disclosed Round: Strategic Team: David Mak Ka Hong, Pierce Tam Jun Zhu Stanislav Bulaev PEXX Stablecoin cross-border payment platform simplifying global money transfers to fiat in 16 currencies. Funding: $4,500,000 Round: Seed Team: Marcus Lim Dexter Harto Mira Vertically integrated framework for AI-native applications with crypto payment rails for AI resources. Funding: $9,000,000 Round: Seed Team: Karan Sirdesai Stone Gettings Minisha Verma tread.fi Provides clients with a trading engine, advanced algorithms and direct market access for spot, futures and options. Funding $3,500,000 Round: Pre-seed Team: David Jeong Scott Wittrock Weishuai Yang Yibo Duan SkyTrade Blockchain-based air rights marketplace for the purchase, sale and lease of airspace. Enables users to register, manage, and govern access seamlessly. Funding: Not Disclosed Round: Seed Team: Marcin Zduniak Jonathan D. RECRD GROUP Creators earn up to 100% ad revenue based on views. Mint and sell videos as NFTs with buyers gaining ownership and ad revenue shares, cashable in $RECRD tokens or fiat. Funding: $4,000,000 Round: Seed Team: Anoir Houmou Dominic Frazer-Imregh -- If I tagged you and you'd like to be removed, just let me know

On behalf of the #Web3 community, we would like to extend our warmest congratulations to the companies that announced their success in fundraising between 23rd-29th January 2024. We are thrilled to see such tremendous support from all involved. Well done! 🚀🔥 Axiom raised $20m. Axiom introduces a new approach to authenticated data access using ZK cryptography instead of consensus. By using ZK, Axiom allows on-chain applications to compute over more data a lower cost. Dopamine raised an undisclosed amount of funding. Dopamine is a mobile app available on Android and iOS devices, providing decentralized finance. It currently has over two million downloads and hundreds of thousands of active users. 10n8 raised $1.5m. Created with the goal of accelerating APAC projects and introducing them to English-speaking markets, 10n8 Little Dragon enables users to stake, play and earn across different pools and games. Join raised an undisclosed amount. Join simplifies the online shopping experience by enabling users to make purchases with stablecoins, promoting stability and accessibility in the world of e-commerce. Spellborne raised $1.5m. This amount will allow MonStudios to expand the team, and continue on our mission of building fun casual games with a tad bit of nostalgia. Image generation AI raised an undisclosed amount. Crypto-native AI platform imgnAI has closed a $1.6 million seed funding round led by Hack VC. Rana Capital, Selini Capital, West Ham Capital, Motus Capital and dao5 also participated in the round, though a valuation was not disclosed. Bmaker raised $1.2m. Bmaker aims to become a pivotal element in the development of the Bitcoin ecosystem, offering new opportunities for market participants and Bitcoin users. Infrared raised $2.5mn. These funds will play a pivotal role in advancing the development of essential infrastructure, including a network of validators, PoL vaults, and the inaugural native Liquid Staking Token (LST), iBGT. Gevulot raised $6m. Gevulot is building an internet scale compute network optimized exclusively for zero-knowledge proof generation. PublicAI raised $1.2m. The funds will primarily be used to accelerate the launch and Go-To-Market of the network. Mesh raised $38.5m. Mesh will use the new cash, to further develop its tools for deposits, payments and payouts, as well as support its go-to-market operations. Portal raised $42.5m. The seed round brings Portal's total funding to $42.5 million, adding to the $8.5 million raised in pre-seed funding in 2021. Follow CryptoWeekly to stay updated with news about future Web3 Funding Rounds. Don't forget to like and share this post as well as comment👇🏻your favorite project from the list. #web3 #funding #CryptoWeekly #crypto #startup

A16Z CRYPTO ANNOUNCES 25 PROJECTS FOR ITS ACCELERATOR PROGRAM - A FULL LIST … make sure to bookmark for later… - a16z crypto, the blockchain arm of VC-giant a16z, has just now announced the 25 projects selected for its crypto-startup accelerator’s Spring 2024 cohort. - The below projects are expected to receive major guidance and support from the a16z team, as well as from one another, “speeding up their path to product-market fit and setting them up for long-term growth and success”. - Here’s the comprehensive list… A16z’s 25 Crypto Picks… - Amino Chain AminoChain - a decentralized bio-sample marketplace - Collar Networks Collar Networks - building the investment bank of the future - Compass Labs Compass Labs - building a new standard interface for DeFi - Hungry Cats Studio 0xHungryCats - verification of safe and trustworthy AI workflows - Launchcaster Launchcaster - a crypto product hunt and platform for building smart contract mini apps - MagicBlock MagicBlock Labs - framework for on-chain gaming on Solana and SVM - NEBRA Labs NEBRA Labs - an R&D organization that scales and composes proof verification on blockchains - Neynar Neynar - developer infrastructure for Farcaster - NodeKit NodeKit - building a shared sequencer to help decentralize rollups and improve interoperability - Nosh - a decentralized food delivery protocol - OpenLayer OpenLayerHQ - scaling web3 through optimistic verifiable computation - OpenTrade OpenTrade - provides institutional lending and yield products for the new digital economy - Playmint PlaymintUK - creating an autonomous world that lets builders create onchain game experiences - Roux - a culinary platform for the digital era - Sablier Sablier - provides infrastructure for token distribution in web3 - Scrypted Scrypted Inc - building at the intersection of AI, gaming, and decentralization - Spire Spire_Labs - a zk Appchain network with atomic composability - Strobe Strobe - a DeFi scaling network that enables new permissionless and transparent markets - taralli labs taralli_labs - a protocol that enables an efficient and decentralized zero-knowledge proof supply chain - Tata Bazaar - a social commerce platform connecting the physical and digital worlds of fashion and beauty - TITLES - builds creative tools powered by artist-trained AI models - Tranched TranchedSocial - automates private securitisation transactions using blockchain technology - Tweed payTweed - wallet and payment solution to onboard consumers in blockchain-based applications - Valyu Network Valyu - provides trusted data to AI models and applications - zkPassport - authentication for government-issued passports with selective reveal of information Image: BlockchainMagazine[dot]net

📢 Weekly Tech Updates: The Graph Network Supports Bitcoin: The developer Edge & Node announced that The Graph now supports Bitcoin. With a new Bitcoin Firehose implementation and BRC-20 subgraph GraphQL API, developers can access Bitcoin data directly, fostering innovation in Bitcoin and Bitcoin Layer 2 development. BloXroute Optimizes Ethereum Validators' Performance: BloXroute launched its Validator Gateway to enhance Ethereum validators' performance, accelerating block propagation and increasing rewards. Flock Secures $6 Million Seed Funding: Flock closed a $6 million seed funding round led by Lightspeed Faction and Tagus Capital. The investment will aid in democratizing AI training and developing its machine-learning platform. VeChain Introduces Marketplace-as-a-Service (MaaS): VeChain unveiled MaaS, a no-code digital asset tokenization platform. Gresini Racing, a MotoGP team, is the first enterprise client leveraging MaaS for digital collectibles. Zircuit Launches Build to Earn Program: Zircuit initiated its Build to Earn program to incentivize builders and community members contributing to its ecosystem, offering rewards for approved contributions. Helika Announces $50 Million Accelerator Program: Helika introduced a $50 million accelerator program funded by Pantera, Spartan Capital, and Sfermion to support the development of Web3 games. Edgeless Foundation Unveils Edgeless Network: Edgeless revealed the Edgeless Network, a crypto ecosystem without application layer fees, powered by Arbitrum Nitro, aiming to share sequencer fees with developers. Gitcoin Grants Launches GG20: Gitcoin Grants returns with GG20, funding open-source software initiatives with over $1 million in funds across various categories. Horizen Deploys Proof Verification Chain: Horizen deployed its proof verification chain on testnet, facilitating the exchange of $ZEN and verification of FFLONK Proofs produced by Polygon zkEVM instances. Portal Collaborates with SatoshiSync: Portal partners with SatoshiSync to integrate its DEX with SatoshiSync's chain-agnostic inscription protocol for seamless cross-chain trading. BSX Launches Open Beta on Mainnet: BSX, a decentralized exchange for perpetual futures contracts, launched its Open Beta on mainnet, offering low-fee trading and full self-custody.  Babylon Integrates with Lorenzo Protocol: Babylon integrates with Lorenzo Protocol to advance bitcoin liquid restaking, ensuring security alignment and enhanced functionality for users. Exciting developments lie ahead as UN1TY Ventures continues its journey through the ever-evolving realm of technology and investment! Stay tuned for further insights into the latest trends and advancements in the world of crypto and beyond 💡🌐 #InvestmentInsights #UN1TYVentures #TechInnovation #CryptoTrends #TechNews

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Token Bay Capital is thrilled to co-lead Taiko Labs' US$15 million Series-A ahead of their mainnet launch this year 🚀 along with Lightspeed Faction, Hashed and Generative Ventures. As we head into a world where crypto is as ubiquitous in our lives as the internet has been over the last two decades, projects such as Taiko are key to solving Ethereum's scalability issue so that crypto adoption is possible for billions of users around the world. Currently there are only ~580 million crypto holders globally so infrastructure developments, such as Taiko's Layer 2 (L2) scaling solution, are vital to enable crypto to become more scalable and accessible, catalyzing crypto's 'broadband moment". We've backed the talented Taiko team and community of builders since their seed round as they are on a mission to scale #ethereum whilst at the same time preserving the blockchain's core principles, both technologically and ideologically. Over the last few months, Taiko has grown to become the largest Discord community in the rollups space, with almost 900,000 active members and there are already over 100 live apps in the Taiko ecosystem today. On top of that, they've conducted six testnets, each focused on different aspects of the protocol, involving 1,100,000+ unique wallets, 30,000+ proposers, and 14,000+ provers. In each of these testnets, Taiko community members contributed by building dapps, operating nodes, serving as proposers and provers, and engaging with the protocol in various ways — all permissionlessly. They launched their 6th testnet, Katla, earlier this year. Katla is the first testnet to use Taiko’s Based Contestable Rollup (BCR) design and serves as the foundation of Taiko’s upcoming mainnet launch. In the future, Taiko will develop the Based Booster Rollup (BBR), a design that tackles the liquidity fragmentation issue by allowing developers to deploy on Ethereum and scale natively across all L2s. Lucy Gazmararian, Founder of Token Bay Capital, emphasized Taiko's adherence to crypto's original ethos. “Taiko has been fully decentralized and permissionless from day one, staying true to crypto’s original ethos,” Gazmararian said. “These core values place Taiko in a strong position to become the default scaling solution for Ethereum, and we look forward to continuing our long-standing relationship with the team, helping them to scale across Asia and the Middle East from Token Bay’s hubs in Abu Dhabi and Hong Kong.” Congratulations to co-founders Daniel Wang, Terence Lam and Brecht Devos for your inspirational leadership, go team Taiko! https://lnkd.in/gdkuRVkT #crypto #cryptocurrency #blockchain #eth #bitcoin #smartcontracts #tokenization #tokeneconomy #innovation

PREDICTIONS LAYER AZURO ANNOUNCES $11M FUNDING AS $AZUR TOKEN LOOMS - Azuro Protocol, the leading liquidity layer for onchain predictions applications, has just now announced a full $11 million in pre-launch funding, with participation from major crypto VCs. - Said investors include but are not limited to, Fenbushi Capital, SevenX Ventures, Arrington Capital, and RedBeardVC. - This round follows a previous $7.5 million funding announcement in 2022 which saw participation from Delphi Digital, Merit Circle, and Alliance. - According to Rossen Yordanov, core contributor at Azuro… “This round of funding arrives just as we're about to hit some major milestones in our journey, including the much-anticipated launch of our $AZUR token, which is at the heart of what we're building.” - Azuro is perhaps the pioneer in the decentralized betting landscape. - Its platform offers ‘modular tooling, oracle and liquidity solutions for EVM chains to host powerful prediction and gaming apps’. “Azuro makes on-chain predictions and gaming portable and composable. It allows anyone to engage and monetize users by building apps, integrations, and products quickly, permissionlessly and with zero upfront or running costs” The $AZUR Token… - In the build-up to the launch of the $AZUR token, Azuro has implemented its own points system in ‘Azuro score’. - The third and final stage of the program has now begun and, since September 2023, Azuro’s native transaction volume has soared to above $225 million. - At the same time, there are already some 20+ applications built with Azuro, with liquidity providers for said applications’ pools totalling over 4,400… Image: Azuro