Last week, global Blockchain financing exceeded 107 million USD, with active performance in the DeFi and infrastructure sectors.

Overview of Global Blockchain Financing Last Week

According to statistics, there were a total of 11 investment and financing events in the global blockchain sector last week (July 14-20), with a total financing scale exceeding $107 million. In addition, the total financing amount for publicly listed companies' crypto asset reserves exceeded $635 million. Major investment and financing events include:

There is a financing event in the DeFi sector, the tokenized money market fund platform Spiko has completed a $22 million Series A financing round, led by Index Ventures.

There are 2 financing events in the Web3 gaming sector, including the Web3 fantasy football game Football.Fun, which completed a $2 million financing.

In the Web3+AI sector, there has been 1 financing event, XerpaAI completed a $6 million seed round financing, led by UFLY Capital.

There were 5 financing events in the infrastructure and tools sector, among which the decentralized messaging protocol XMTP completed a $20 million Series B financing round, led by a16z crypto and others.

In other application areas, there was 1 financing event, the blockchain-based travel platform Blockskye completed a $15.8 million Series C financing, led by Blockchange.

In the field of centralized finance, there has been a funding event where Dakota, a stablecoin bank founded by a former Coinbase executive, completed a $12.5 million Series A financing, led by CoinFund.

Financing Weekly Report | 11 public financing events, tokenized currency market fund platform Spiko completes $22 million Series A financing, led by Index Ventures

DeFi

The tokenized money market fund platform Spiko has completed a $22 million Series A financing round, led by Index Ventures. Institutions such as White Star Frst, Rerail, Bpifrance, and Blockwall participated, with angel investors including the co-founder of Revolut, the founder of Kyriba, co-founders of Bridge, the Chief Technology Officer of Wise, and co-CIOs of Blackstone.

Spiko focuses on providing tokenized currency market fund services for European enterprises, allowing users to earn daily returns by investing in low-risk assets such as Eurozone and US Treasury bonds. The platform utilizes blockchain technologies like Ethereum and Arbitrum, and has processed over $900 million in liquidity. The company plans to collaborate with multiple institutions, aiming to exceed $1 billion in assets under management by 2025.

Decentralized derivatives exchange dYdX has completed the acquisition of the crypto social trading platform Pocket Protector, marking its first external acquisition. The transaction was completed in a combination of cash and DYDX tokens, with the specific amount undisclosed. The two co-founders of Pocket Protector will join dYdX as President and Head of Growth, respectively, and their developed Telegram trading bot and technical team will be incorporated into dYdX.

Web3 Games

Web3 fantasy football game Football.Fun has completed a $2 million financing round, led by 6th Man Ventures (6MV), with participation from Devmons, Zee Prime Capital, Sfermion, and The Operating Group. Football.Fun is a Web3 fantasy football platform where player cards can be traded like meme coins. Users can build teams through player card packs, participate in tournaments, and trade player shares in a dynamic market based on AMM.

The global mini-game platform PlaysOut has secured a new round of strategic financing from a venture capital fund under a certain trading platform. This round of financing will primarily be used to promote the "Mini-Game 2.0" model's deep implementation in technology and ecology. PlaysOut is a global mini-game infrastructure and distribution platform aimed at embedding modular game systems into super applications, building a bridge between web2 and web3 through mini-games.

AI

The artificial intelligence growth platform XerpaAI has completed a $6 million seed round financing led by UFLY Capital. This round of funding will be used for product innovation, international expansion, and strategic hiring. XerpaAI focuses on AI and social networks, aiming to enhance user acquisition, brand influence, and distribution efficiency for innovative enterprises in the Web3 and AI sectors. Currently, XerpaAI has operational teams in Silicon Valley, Tokyo, and Singapore, and has engaged in deep collaboration with important ecosystem partners in the Blockchain and AI industries.

Infrastructure and Tools

Decentralized messaging protocol XMTP developer Ephemera has completed a $20 million Series B funding round, led by Union Square Ventures, a16z crypto, and Lightspeed Faction, with participation from Coinbase Ventures, Offline Ventures, Sound Ventures, and Distributed Global. Following this funding round, Ephemera's equity valuation is $300 million, while the broader network encompassing the XMTP protocol that will issue tokens is valued at $750 million.

The XMTP protocol has now been integrated into a newly launched application on a trading platform, upgrading from an optional feature to core infrastructure. This protocol provides end-to-end encrypted communication services and supports secure interactions between wallet addresses. The testnet was launched in February this year. Ephemera stated that it will expand its team to promote the mainnet launch and ecosystem development. USV partner Fred Wilson will join its board.

The privacy financial protocol AI Cross Matrix (ACM) has completed a $12 million seed round financing, with participation from Asva Capital, Genesis Capital, BuzzBridge Capital (BZB), Avalon Wealth Club, and M2M Capital. ACM utilizes ZKP (Zero-Knowledge Proof), ring signatures, and AI-based routing obfuscation technology, aiming to build a tracking-resistant cross-chain asset transfer infrastructure.

The crypto infrastructure company Function(, formerly known as Ignition), has completed a $10 million seed funding round led by Galaxy Digital, with Antalpha and Mantle participating. In addition to investing, Galaxy Digital will also participate in core business activities such as liquidity provision and governance framework design for FBTC. The company is committed to developing institutional-grade yield solutions for Bitcoin. Function's core product, FBTC, is a fully collateralized, composable Bitcoin derivative asset, currently with a total locked value (TVL) of $1.5 billion. This product allows institutional users to allocate Bitcoin to yield scenarios while maintaining custody control and a 1:1 asset backing.

Web3 smart layer W3.io has completed a $7 million seed round of financing, led by Blockchange Ventures, with participation from Framework Ventures, Arrington Capital, and other institutions. The alliance is building a programmable smart automation network called Prodigy Network, aimed at lowering the barriers for enterprises to use blockchain technology. The CEO of W3.io stated that the project is dedicated to developing plug-and-play business solutions covering scenarios such as global micropayments and mortgage loans.

The stablecoin payment and embedded financial service platform KUN has announced the completion of its Series A financing, with investors including BAI Capital, GSR Ventures, a certain Hong Kong listed company, and Eternium Global. Since its establishment 20 months ago, KUN has raised a total of over 50 million USD.

Other Applications

The blockchain-based travel platform Blockskye has completed a $15.8 million Series C financing round, led by Blockchange, with participation from United Airlines Ventures, Lightspeed Faction, KSV Global, Lasagna, Litquidity Ventures, Longbrook Ventures, and TFJ Capital. This round of financing will be used to expand into the European, Latin American, and Asian markets, and to develop real-time payment products based on stablecoins.

Blockskye connects directly with suppliers such as airlines through Blockchain technology, helping corporate clients reduce travel costs. The company claims its platform can reduce travel expenses by 14.5% and achieve an 84% savings in agency fees. Currently, the team consists of more than 40 people, with plans to add 30 new positions in technology, sales, and other areas.

Centralized Finance

Stablecoin bank Dakota, founded by former Coinbase executive Ryan Bozarth, has completed a $12.5 million Series A funding round, led by CoinFund, with participation from 6th Man Ventures, Digital Currency Group, and Triton Ventures, a subsidiary of a trading platform. Dakota facilitates fund transfers through stablecoins, offering banking account-like services for businesses and individuals.

Its business model combines traditional banking functions with Blockchain technology, primarily serving overseas enterprise users in non-cryptocurrency sectors. The platform has processed $1.6 billion in transaction volume and is expected to reach $4 billion by the end of 2025. Although it does not hold a banking license, the company has registered as a money service business in the United States and Europe.

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0xSoullessvip
· 07-29 19:38
suckers play people for suckers again, and another round of harvesting has begun.
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NeverVoteOnDAOvip
· 07-29 17:58
Web3 can always get money, but it's difficult.
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BugBountyHuntervip
· 07-29 14:45
It's still that reheated DeFi that's getting a bit of attention.
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TokenBeginner'sGuidevip
· 07-29 14:44
Gentle reminder: The rate of capital getting on board is slowing down, and it is most important for everyone to maintain rationality in their investments.
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GateUser-5854de8bvip
· 07-29 14:35
How can they even have the nerve to issue a press release with this little money?
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SeeYouInFourYearsvip
· 07-29 14:24
Is DeFi doomed? Just one.
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DYORMastervip
· 07-29 14:18
Headless fall and tailless rise
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SchrödingersNodevip
· 07-29 14:15
Even in a Bear Market, there are people working.
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