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Last week, global Blockchain financing exceeded 183 million USD, and the encryption reserves financing of listed companies reached 1.29 billion.
Overview of Global Blockchain Investment and Financing Last Week
According to statistics, last week (6.16-6.22) there were a total of 17 investment and financing events in the global Blockchain field, with a total funding scale exceeding $183 million. In addition, the total amount of financing for publicly listed companies' cryptocurrency asset reserves reached $1.29 billion. The main distribution of investment and financing is as follows:
DeFi
The blockchain project TAC raised a total of $11.5 million in two rounds of financing, with the latest $5 million strategic round led by an investment firm. TAC aims to provide EVM-compatible DeFi infrastructure for the TON and Telegram ecosystem, planning to launch mainnet features in phases. The project has specially developed a Telegram mini-app interface, allowing traditional users to directly access DeFi services within the messaging software.
The crypto savings app Nook has completed a $2.5 million financing round. Nook was founded by three former engineers from a trading platform, aiming to simplify the crypto lending process for non-crypto native users, who can lend cryptocurrencies to earn returns simply by registering with their email through partner platforms.
The DeFi protocol BitVault has completed a $2 million pre-seed round of financing. BitVault will launch the over-collateralized stablecoin bvUSD and its yield-bearing variant sbvUSD, which are based on Bitcoin derivatives. The protocol will be deployed on the Katana chain incubated by Polygon Labs, using Liquity V2's permissioned fork technology, supporting institutional-grade lending and automated liquidation.
Web3 Games
Web3 protocol Thousands and its sister company The Wildcard Alliance announced they are jointly raising $9 million, having secured $6.5 million so far. The funds will be used to accelerate the development of an integrated ecosystem that innovatively incentivizes creators and acquires users through Blockchain technology.
The Base chain ecological game launch platform Uptopia has completed a $4 million financing. In addition, the official announcement stated that The Factory will be officially upgraded and launched on June 18.
DePIN and AI
The DePIN project SparkChain AI has completed a new round of financing of $10.8 million, which will be used to support the expansion of its decentralized AI computing power network and accelerate its launch on the Solana Blockchain to develop a decentralized contributor network. SparkChain AI supports the conversion of idle bandwidth and computing resources into AI computing power.
The robotic intelligence platform PrismaX has completed a $11 million seed round funding. PrismaX aims to address the data, models, and scalability challenges in the physical AI and robotics industry. It focuses on building a decentralized data incentive mechanism to promote the standardization of robotic vision data and the development of remote control infrastructure.
The decentralized AI infrastructure project Gradient Network has completed a $10 million seed round financing. Gradient will launch two core protocols this week: the decentralized data communication protocol Lattica and the decentralized inference engine Parallax.
Web3-driven AI company PublicAI has raised $10 million in two rounds of financing. PublicAI is building an "AI human verification layer" using Blockchain technology and has established a network of millions of global data contributors. The company will launch its first decentralized brain wave collection device, HeadCap, for brain-computer interface research and development.
Infrastructure and Tools
A certain company has launched the EigenCloud platform and received an investment of $70 million. EigenCloud aims to provide blockchain-level trust assurance for Web2 and Web3 applications, integrating data availability, general computation, and dispute resolution functionalities. The alpha version of the platform has gone live, and the testnet data shows that its data availability layer has a throughput of 50MB/s.
The stablecoin startup Ubyx has completed a $10 million seed round financing. Ubyx is committed to building a clearing system that connects stablecoin issuers with banks and fintech companies, with plans to establish a global acceptance network for stablecoins to enable cross-platform circulation. Its system will support multiple Blockchains and has already reached cooperation agreements with several stablecoin issuers.
Blockchain startup Units.Network has completed a $10 million financing round. The project is developed based on the Waves protocol, and the funds will be used for infrastructure upgrades and AI product development, including the AI Launchpad and AI Liquidity Manager scheduled to be launched this year.
Project Eleven completed a $6 million financing to develop tools to protect Bitcoin from quantum attacks. The company's first product, the Yellowpages encrypted registry, has completed a security audit, allowing users to bind existing Bitcoin addresses to new quantum-resistant addresses.
The crypto platform Stackup has completed a $4.2 million seed round of financing. The platform provides enterprises with a solution for "centralized control over decentralized assets" through account abstraction technology, supporting features such as spending limits and batch transaction reviews.
The L1 Blockchain project Defx has completed a $2.5 million seed funding round. Defx is a decentralized exchange based on a Layer 1 Blockchain optimized for high-performance perpetual contract trading, utilizing zero-knowledge proof technology for order information encryption.
Centralized Finance
The institutional-level cross-border settlement platform XFX has completed a $9.1 million sub-round of financing. XFX supports real-time transparent liquidity for fiat and stablecoins.
SaturnX, based in the UAE, has completed a $3 million seed round of financing. The company offers a stablecoin-based API cross-border payment platform, supporting major remittance corridors from the Middle East to South Asia, having processed over $250 million in transaction volume and achieved profitability in just 5 months.
Cryptocurrency Reserve
Multiple listed companies are raising funds to increase their Bitcoin reserves, including: