The weekly financing overview is the investment and financing information section of Go2Mars Capital. According to incomplete statistics from Go2Mars Capital, as of this Sunday (May 29-June 4), there were 14 investment and financing events in the global crypto industry this week. The total financing amount reached 138.8 million US dollars, the same as the previous period; the total financing amount decreased by 0.07% month-on-month. Among them, four financings exceeded 10 million, namely Anoma, Magic, Illuvium, and Transak.
Overall market conditions (as of press time):
Total market value: $1.15 trillion Total market value 7D increase: +7.71%
Bitcoin circulation market value: $524.946 billion, accounting for 45.32% of the global total market value, global index ($) 27305.37
Market capitalization share trend (Source: Feixiaohao)
The top 20 currencies by market capitalization:
We have selected 14 representative financing projects for your reference, including:
The specific financing situation is as follows:
The specific financing situation is as follows:
Project name: KaKarot
Official website: https://www.kakarot.org/
On June 2, ZK EVM Kakarot launched by Starknet completed its pre-seed round of financing. Institutions such as StarkWare and LambdaClass and angel investors such as Vitalik Buterin, Nicolas Bacca, and Rand Hindi participated in the investment. The specific investment details and amount have not been disclosed yet.
Project Name: Fusionist
Official website: https://www.fusionist.io/
On June 1, according to Binance's official announcement, Binance Labs announced that it had co-led a $6.6 million seed round of financing for Web3 game DApp Fusionist with Web2 game giant FunPlus to promote innovation and adoption of Web3 games. Fusionist will use the new financing to continue to accelerate game development and build the Endurance mainnet ecosystem to be launched in January 2023. In addition, Fusionist also plans to strengthen user growth and recruit more game and Web3 professionals to expand the team. It is reported that Fusionist has successfully launched three NFT series and is currently undergoing Beta testing on Steam. Initially, its games will be launched on BNB Chain.
Project name: Leo Wallet
Official website: https://www.demoxlabs.xyz/
On June 2, crypto wallet development platform Demox Labs completed a $4.5 million financing led by HackVC. It is reported that Demox Labs will support the development of various products for the privacy blockchain Aleo, and its first product is the privacy-protected wallet Leo Wallet.
Project name: Spinamp
Official website: https://www.spinamp.xyz/
On June 2, Spinamp announced that it had received approximately $1.2 million in financing, led by Palm TreeCrypto, to support music NFT aggregators and players. It is reported that Spinamp aims to create the best listening and collection experience for on-chain music.
Project name: Anoma
Official website: https://anoma.net/
On May 31, cryptocurrency infrastructure company Anoma Foundation completed a $25 million financing, led by CMCC Global. Other investors in this round include Electric Capital, Delphi Digital, Dialectic, KR1, Spartan, NGC, MH Ventures, Bixin Ventures, No Limit, Plassa, Perridon Ventures, Anagram and Factor. Anoma Foundation raised $26 million in a round of financing led by Polychain Capital in November 2021. Anoma Foundation currently manages Namada, a blockchain focused on multi-chain privacy, and Anoma, a privacy protection protocol.
Project name: Prisma
Official website: https://www.prismafinance.com/
On June 1, the LSD stablecoin protocol Prisma Finance completed a round of financing. The specific amount was not disclosed. Curve Finance founder Michael Egorov, Convex Finance founder C2tP, FRAX Finance, Conic Finance, Tetranode, Llama Airforce, Coingecko founder, OKX Ventures, DeFiDad, MrBlock, Impossible Finance, 0xMaki, GBV, Agnostic Fund, Swell Network founder, The Block's Eden research director Adam Cochran, Ankr Founders, MCEG, Eric Chen and others participated in the investment. Prisma allows users to exchange their native over-collateralized stablecoin acUSD for any supported LST, providing capital efficiency for holders of liquid staked ETH. With the help of ETH staking rewards, loans secured by LST will eventually be recovered. As the Curve pool increases, users can stake their stablecoins and receive further rewards in the form of CRV and CVX. Prisma will support the following assets upon launch: wstETH (Lido), cbETH (Coinbase), rETH (Rocket Pool), sfrxETH (Frax Ether), WBETH (Binance).
Project name: Magic
Official website: https://magic.link/
On May 31, Magic, a San Francisco-based crypto wallet-as-a-service (WaaS) provider, announced that it had raised $52 million in a strategic financing round led by PayPal Ventures, with participation from Cherubic, Synchrony, KX, Northzone, and Volt Capital. The new round of financing brings the total financing to over $80 million. Magic helps businesses onboard users to web3 through instant non-custodial wallet creation. It uses email or social login while eliminating the need for seed phrases and browser extensions. Magic provides end-to-end web3 onboarding features, including identity verification, fiat currency entry, NFT minting, and NFT checkout. To date, Magic has created more than 20 million wallets and is used by more than 130,000 developers.
Project name: Illuvium
Official website: https://illuvium.io/
On May 31, Kieran Warwick, co-founder of blockchain game Illuvium, announced that Illuvium has raised $10 million from Framework Ventures, which will be used to accelerate game development and support its distributed contributor team. The tokens involved in this financing will be locked for two years and will not be included in the pledge, so they will not participate in the profit distribution. Illuvium is about to launch its public beta, which includes three interoperable AAA games: Illuvium: Zero (city building game), Illuvium: Overworld (monster world) and Illuvium: Arena (arena).
Project name: QuestN
Official website: https://questn.com/
On June 1, Hogwarts Labs, a dApps R&D company focusing on Web3+AI, announced the completion of its Pre-A round of financing, with a total financing of US$8 million. HashGlobal, Matrix Partners, XIN Family and DHVC led the investment, and SevenX, Alliance, SKY9, NGC Ventures, EVG, No Limit Holdings, Stratified Capital, Old Fashion Research, North Beta Capital and Puzzle Ventures participated in the investment. It is reported that Hogwarts Labs is committed to accelerating large-scale adoption by continuously developing dApps and Appchain in the fields of Web3 and AI. Its first product, QuestN, is a one-stop marketing, growth and analysis platform serving the Web3 field. The total number of users has exceeded 2.5 million, and the DAU exceeds 80,000. At the same time, Hogwarts Labs announced that the second AI assistant product serving Web3 users will be released no earlier than Q4.
Project Name: MetaZone
Official website: https://metazone.io/
On May 31, MetaZone, a Web3 digital content and application distribution platform, announced the completion of a $3 million seed round of financing, led by Sfermion and CMT Digital, with participation from Tess Ventures, IOSG Ventures, IVC (Infinity Ventures Crypto), Polygon Studios, MHC Digital, and LucidBlue Ventures. It is reported that MetaZone allows creators and developers to mint NFT 3D digital content and distribute it in the metaverse. Each creator's META (a tokenized application supported by the metaverse) is assigned an NFT that represents its value, ownership, and access rights. These NFTs can be purchased and used to install applications on digital land for use by owners and visitors of that land.
Project name: CityPay
Official website: https://www.citypay.io/
On June 1, stablecoin issuer Tether announced on May 31 that it has expanded its influence in the Republic of Georgia through a strategic investment in CityPay.io, a payment processing company operating in more than 600 locations in the country. CityPay.io provides payment services to many well-known customers including Wendy's Restaurants and Radisson Hotels. Through the strategic investment in CityPay.io, Tether intends to enhance Georgia's payment industry and improve efficiency and convenience.
Project name: Transak
Official website: https://transak.com/
On May 30, Web3 payment and fiat currency aggregator Transak completed a $20 million Series A financing, led by CE Innovation Capital, with participation from SBI Ven Capital, Sygnum, Azimut, Third Kind Venture Capital, UOB Venture Management, Signum Capital, Animoca Brands, Genting Ventures, Istari Ventures, No Limit Holdings, Woodstock Fund, IOSG Ventures, KX, Axelar, Tokentus and The Lao. In addition, this round of financing also attracted investments from many leading web3 figures and angel investors, such as Jan Hammer of Index Ventures, Charles Delingpole of ComplyAdvantage and Sandeep Nailwal of Polygon. With this financing, Transak will strengthen its global coverage and enhance the development of its onboarding solutions, with a particular focus on web3 games and financial applications. It is reported that Transak allows users to trade more than 160 cryptocurrencies in any application, website or Web3 plug-in, and provides flexible SDK and white label API.
Project name: DeGame
Official website: https://degame.com/en/home
On May 30, blockchain game distribution platform DeGame announced the completion of its second round of financing of US$6.5 million. This round of financing was led by Folius Ventures, Kenetic Capital, and A&T Capital, and participated by NGC Ventures, Hack VC, Hashkey Capital, Avalanche, Golden Bull, Y2Z Ventures, Collingstar Capital, Sfermion, Bixin Ventures, Assembly Partners, FBG Capital, Lucid Blue, Ranger Protocol and others.
Project name: zkMe
Official website: https://zk.me/
On May 30, the knowledge identity oracle zkMe completed a $2 million Pre-Seed round of financing, with participation from Circle Venture, Spartan Group, CMS Holdings, Fenbushi Capital, NGC Ventures, Arkstream Capital and others. It plans to use the new funds to accelerate development, complete the mainnet test within one month, and launch the customer registration function.
Disclaimer: This article is for research reference only and does not constitute any investment advice or recommendation. The project mechanism introduced in this article only represents the author's personal views and has no interest in the author or this platform. Blockchain and digital currency investment has extremely high market risks, policy risks, technical risks and other uncertainties. The price of tokens in the secondary market fluctuates violently. Investors should make decisions prudently and bear investment risks independently. The author of this article or this platform is not responsible for any losses caused by investors using the information provided in this article.
