Web3 Financing Weekly Report: Last week, there were 17 financing events in the global Blockchain sector, with a total amount exceeding 150 million USD.

Last week (4.7-4.13), there were a total of 17 investment and financing events in the global Blockchain sector, with a total funding scale exceeding 150 million USD, showing a significant increase compared to the previous two weeks. The main investment and financing situations are as follows:

There are 3 financing events in the DeFi sector, among which the yield-bearing stablecoin protocol Cap raised $11 million from institutional investors.

There have been 2 financing events in the Web3 gaming sector, including DashFun completing a new round of financing with multiple institutions participating.

There have been 3 financing events in the Web3+AI sector, including AI cybersecurity company Octane completing a $6.75 million seed round financing.

There are 2 financing events in the infrastructure and tools sector, including the L2 project OpenZK Network which completed $6 million in early financing.

Other categories have 4 financing events, among which the crypto dining app Blackbird Labs completed a $50 million Series B financing.

There have been 3 financing events in the decentralized finance sector, among which the cryptocurrency insurance company Meanwhile completed a $40 million Series A financing.

DeFi

The yield-bearing stablecoin protocol Cap has completed a $11 million financing.

Cap has announced that it has raised $11 million from several well-known financial institutions. This funding will be used to develop Cap's stablecoin engine, which is planned to launch later this year. Cap will provide users with a way to earn additional income through a re-staking protocol. Cap's system is designed to allow users to earn passive interest or returns based on these tokens.

The Bitcoin lending platform Firefish has completed a $1.8 million seed round financing.

Firefish has completed a $1.8 million seed round financing, with participation from Braiins and venture capital firm Miton. The funds will be used to expand its institutional lending program, covering more investors and high-net-worth individuals seeking traditional investments in the Bitcoin space. Firefish was launched in 2022 and is natively built on Bitcoin, aiming to create a trust-minimized open lending market.

The Bitcoin DeFi aggregation protocol Sats Terminal has completed a $1.7 million Pre-Seed funding round.

Sats Terminal completed a $1.7 million Pre-Seed round of financing, with participation from multiple institutions and angel investors. The new funds will be used to expand its platform. The core of Sats Terminal is to aggregate major Bitcoin DeFi protocols, allowing users to access the best staking yields, the most competitive token exchange rates, and seamless bridging options through a single interface.

Web3 Games

DashFun has completed a new round of financing to build an AI-driven Web3 gaming ecosystem.

DashFun announced the completion of a new round of financing, with multiple institutions participating. DashFun is a Web3 game platform based on social platform mini-programs, and plans to expand to more social platforms in the future, committed to building a sustainable, AI-driven game ecosystem.

Web3 game company Gunzilla Games secures strategic investment.

A certain cryptocurrency venture capital firm announced a strategic investment in the developer of the dystopian cyberpunk shooting game "Off The Grid", Gunzilla Games, with the specific amount undisclosed. This may reflect the firm's adjustment in investment strategy regarding the deployment of cryptocurrency in AAA games.

AI

AI cybersecurity company Octane completes $6.75 million seed round financing.

AI cybersecurity startup Octane has completed a $6.75 million seed round of financing, with participation from multiple institutions and angel investors. The funds will be used for product development, expanding the engineering team, and increasing influence. Octane's core proposition is to supplement passive audit models with always-on AI defenses, currently focusing on smart contract vulnerabilities.

Plastic Labs completed $5.35 million in Pre-Seed funding and launched the AI identity platform Honcho.

Plastic Labs completed a $5.35 million Pre-Seed funding round, with participation from multiple institutions and angel investors. They also launched a personalized AI identity platform "Honcho". Honcho provides user identity modeling and social cognition features through a cloud-based API, helping developers build AI agents with personalized memory and adaptability.

Web3 AI project DecentralGPT completed a $3 million financing.

DecentralGPT has completed $3 million equivalent in angel round and Series A strategic financing, with multiple institutions in the Web3 field participating. The project team will accelerate the development of core modules such as multimodal large model support and zero-knowledge proof privacy layers. DecentralGPT is a decentralized large language model infrastructure that achieves decentralized deployment of multiple open-source large models through a distributed AI inference network.

Infrastructure and Tools

L2 project OpenZK Network completes $6 million early financing.

OpenZK Network has completed a $6 million early-stage financing round, with multiple institutions participating. The funds will be used to support technology research and development as well as ecosystem construction. OpenZK is a Layer2 solution based on ZK rollup technology, integrating native ETH staking, liquidity re-staking, and stablecoin staking into one platform.

The modular blockchain platform Plume has received strategic investment.

The modular Blockchain platform Plume, designed for real-world assets, has received strategic investment from a fund managed by a leading global alternative asset management company. The financing will accelerate the development of Plume's full-stack infrastructure. Plume is building an EVM-compatible Blockchain environment and full-stack infrastructure aimed at transforming alternative assets like traditional financial instruments into composable and interactive digital assets.

Others

The crypto dining app Blackbird Labs completed a $50 million Series B funding round.

Blackbird Labs completed a $50 million Series B funding round, with several well-known institutions participating. Since 2022, Blackbird Labs has raised a total of $85 million. Blackbird is a restaurant loyalty and payment application that allows users to earn internal cryptocurrency rewards for payments. Blackbird Labs launched its own blockchain, Flynet, in February.

Web3 financial education platform BugsCoin completed $12 million in Series A funding.

BugsCoin has completed a $12 million Series A financing, with multiple institutions participating. The new funds will be used for global expansion and localized education projects, upgrading the decentralized asset management protocol, developing AI-driven tools, and optimizing token economics.

Decentralized reading platform Libraro raises approximately $1.28 million in funding.

Libraro has received an additional investment of approximately $1.28 million from a certain institution. The Libraro platform utilizes Blockchain technology to protect authors' identities, prevent copyright infringement, and enhance the transparency of ownership and publishing rights. The platform deepens the connections between readers, authors, and publishers through a Web3 loyalty program.

Social communication protocol Towns completes $10 million Series B financing.

The decentralized communication protocol Towns has completed a $10 million Series B financing, with multiple well-known institutions participating. Towns is committed to building on-chain communication infrastructure to promote the development of Web3 social and collaboration tools. The project team stated, "The future of communication will move on-chain."

Centralized Finance

The cryptocurrency insurance company Meanwhile completed a $40 million Series A financing.

Meanwhile completed a $40 million Series A financing round, with a valuation of $190 million. Meanwhile will use the funds for global expansion and to ensure that products comply with regulatory requirements. Meanwhile offers life insurance policies that can be paid for and compensated in Bitcoin.

The crypto payment center Lyzi has completed a seed round financing of approximately $1.4 million.

Lyzi has completed a seed round financing of about $1.4 million, with several angel investors participating. Lyzi is built on the Tezos Blockchain and allows consumers to make everyday payments using cryptocurrencies. Merchants receive payments in cryptocurrencies and deposit fiat currency directly into their bank accounts.

The tokenization platform Progmat has completed its Pre-A financing round.

Progmat has completed its Pre-A round of financing and introduced three new investors. The financing has led to the dilution of the original shareholders' equity. Progmat is one of Japan's leading blockchain networks for digital securities issuance, and its platform will issue a yen stablecoin on a public blockchain.

Venture Capital Fund

DWF Labs opens $250 million liquidity fund application

DWF Labs announced a $250 million liquidity fund open for applications, aimed at providing strategic capital and ecosystem support for medium to large token projects, assisting projects in achieving sustainable growth and real-world application implementation.

Mantra launches a fund of approximately $108 million.

The Mantra Blockchain network has launched a $108,888,888 ecosystem fund aimed at accelerating the development of startups focusing on the tokenization of real-world assets and decentralized finance. The fund will deploy capital to "high-potential blockchain projects" globally over the next four years, with a particular focus on RWA and DeFi.