Blockchain Investment and Financing Weekly Report: Last week there were 17 public financing events, with a total scale exceeding 150 million USD.

Last week (4.7-4.13), there were a total of 17 public investment and financing events in the global Blockchain field, with a total funding scale exceeding 150 million USD, significantly higher than the previous two weeks. The main investment areas include:

• Three incidents in the DeFi field, with the yield-bearing stablecoin protocol Cap receiving $11 million in funding;
• Two events in the Web3 gaming sector, including DashFun completing a new round of financing;
• In the Web3+AI sector, there were 3 occurrences, including the AI cybersecurity company Octane which completed a $6.75 million seed round.
• Two incidents in the infrastructure and tools sector, including the L2 project OpenZK Network receiving $6 million in early financing;
• In other fields, there were 4 incidents, among which the crypto dining application Blackbird Labs completed a $50 million Series B financing.
• In the centralized finance sector, there were 3 incidents, among which the cryptocurrency insurance company Meanwhile completed a $40 million Series A funding.

DeFi

Cap completed a $11 million financing.

The yield-generating stablecoin protocol Cap has announced that it has raised $11 million from institutional investors. This funding will be used to develop Cap's stablecoin engine, which is scheduled to launch later this year. Cap will provide users with a way to earn additional yields through a re-staking protocol, designed to allow users to earn passive interest or returns based on these tokens.

Firefish completed a $1.8 million seed round financing.

The Bitcoin mortgage lending open market Firefish has completed a $1.8 million seed round financing. This funding will be used to expand its institutional lending program, covering more investors seeking to make traditional investments in the Bitcoin space. Firefish was launched in 2022 and is built natively on Bitcoin, with the vision of creating a trust-minimized open lending market.

Sats Terminal completed $1.7 million in Pre-Seed funding.

Bitcoin DeFi aggregation protocol Sats Terminal has completed a $1.7 million Pre-Seed funding round. The new funds will be used to expand its platform. At the core of Sats Terminal is the aggregation of 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 completes a new round of financing.

The Web3 gaming platform DashFun based on Telegram mini-programs has announced the completion of a new round of financing. DashFun plans to expand to other social platforms in the future, aiming to build a sustainable, AI-driven gaming ecosystem.

Gunzilla Games has received strategic investment.

The developer of the dystopian cyberpunk shooting game "Off The Grid," Gunzilla Games, has received strategic investment, with the specific amount yet to be disclosed. This may mark a shift in the investors' attitude towards the deployment of cryptocurrency strategies in AAA games.

AI

Octane completed $6.75 million seed round financing.

AI cybersecurity startup Octane has completed a $6.75 million seed round of financing. The funds will be used for product development, expanding the engineering team, and increasing Octane's influence. Octane's core proposition is to complement passive audit models with always-on AI defenses, currently focusing on smart contract vulnerabilities, with future goals of detecting and preventing more complex attacks.

Plastic Labs completed $5.35 million Pre-Seed funding.

Plastic Labs has completed a $5.35 million Pre-Seed funding round and launched a personalized AI identity platform "Honcho". Honcho provides user identity modeling and social cognition features through a cloud API, helping developers build AI agents with personalized memory and adaptability. Plastic plans to expand Honcho from a platform to a decentralized network.

DecentralGPT completed a $3 million financing.

The Web3 AI project DecentralGPT has completed angel and Series A strategic financing equivalent to $3 million. 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

OpenZK Network completed $6 million in early financing.

The L2 project OpenZK Network has completed a $6 million early financing round. This round of financing will be used to support its technological research and ecological construction. OpenZK is a Layer 2 solution based on ZK rollup technology, integrating native ETH staking, liquidity restaking, and stablecoin staking into one platform.

Plume received strategic investment

The modular blockchain platform Plume, designed for real-world assets, has received strategic investment. This round of financing will accelerate the development of Plume's full-stack infrastructure. Plume is building an EVM-compatible blockchain environment and full-stack infrastructure, aiming to transform alternative assets such as traditional financial instruments into composable and interactive digital assets.

Others

Blackbird Labs completed a $50 million Series B funding.

The crypto dining app Blackbird Labs has completed a $50 million Series B funding round. This funding is used for company equity and token warrants. Since 2022, Blackbird Labs has raised a total of $85 million. Blackbird is a restaurant loyalty and payment application where users can earn the internal cryptocurrency FLY as rewards and use it to pay for their meals.

BugsCoin completed $12 million Series A financing.

The Web3 financial education platform BugsCoin has completed a $12 million Series A financing. The new funds will be used for global expansion and localized educational projects, upgrading its decentralized asset management protocol, developing AI-driven advisory tools, and optimizing token economics while exploring new ecosystem use cases.

Libraro received approximately $1.28 million in investment

The decentralized publishing and reading platform Libraro has secured approximately $1.28 million in investment. 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 connection between readers, authors, and publishers through a Web3 loyalty program.

Towns completed a $10 million Series B financing.

The decentralized communication protocol Towns has completed a $10 million Series B financing. 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

Meanwhile completed a $40 million Series A financing.

The cryptocurrency insurance company Meanwhile has completed a $40 million Series A funding round, reaching a valuation of $190 million. Meanwhile will use this funding to expand globally and ensure that its products comply with regulatory requirements. Meanwhile's life insurance policies are similar to regular life insurance, but customers must pay with Bitcoin, and claims are also paid in Bitcoin.

Lyzi completed approximately 1.4 million USD seed round financing.

The crypto payment center Lyzi has completed a seed round financing of approximately $1.4 million. Lyzi is built on the Tezos blockchain and allows consumers to make everyday payments using cryptocurrency in retail and e-commerce environments. Merchants receive payments in cryptocurrency and deposit fiat currency directly into their bank accounts.

Progmat completes Pre-A round financing

The tokenization platform Progmat has completed its Pre-A financing round, with shares held by four institutions including Mitsubishi UFJ being diluted. Progmat is currently one of the two main licensed Blockchain networks in Japan for issuing digital securities, and its platform will issue yen stablecoins on the public Blockchain.

Venture Capital Fund

DWF Labs opens a $250 million liquidity fund application to support the development of medium and large-scale crypto projects. Mantra launches a fund of approximately $108 million to support the tokenization of real-world assets and DeFi. Mantra stated that it will seek investment opportunities through its partner network over the next four years to deploy funds to "high-potential Blockchain projects" worldwide.

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