Although the encryption market ushered in a slight rise, the current market sentiment is still very fragile. Judging from the statistics of the primary market investment and financing data (7 projects in total) this week, the primary market investment and financing of DeFi (2) projects have begun With recovery, the investment and financing of Web3 infrastructure (2) and NFT (3) projects are still the focus of investment and financing. CGV and CTC have summarized the investment and financing information worth noting in the global encryption market for a week. The following is the investment and financing information of the global encryption market from July 18 to July 24, 2022:
【infrastructure】
1. Sunscreen | $4.65 million in seed round financing｜Polychain Capital led the investment
On July 18, Sunscreen, a Web3 privacy start-up company, announced the completion of a US$4.65 million seed round of financing, led by Polychain Capital, and angel investors such as Northzone, Coinbase Ventures, dao5, Naval Ravikan, and Entropy founder Tux Pacific participated in the investment.
Sunscreen hopes to enhance the privacy potential of Web3 with Fully Homomorphic Encryption (FHE), which allows individuals to perform computations on encrypted data without having to decrypt it, and which can also be used by financial institutions to slice and dice transaction data to detect Potential for fraud, while providing more regulated privacy support for customers.
2. Hashflow | A round of financing of 25 million US dollars｜Coinbase Ventures and others participated in the investment
On July 21, the decentralized trading platform Hashflow announced the completion of Series A financing of US$25 million, with a post-investment valuation of US$400 million. Investors include Electric Capital, Dragonfly Capital Partners, LedgerPrime, Balaji Srinivasan, Jump Crypto, Wintermute Trading, GSR, Kronos Research, Altonomy, Coinbase Ventures, Kraken Ventures, Fabric Ventures, Evernew Capital, Spacewhale Capital, and angel investors Meltem Demirors, Anthony Sassano, and Jason Choi, among others.
【NFT】
3. Cardinal | $4.4 million in seed round financing｜Solana Ventures led the investment
On July 23, Cardinal, the Solana ecological NFT infrastructure agreement, announced the completion of a $4.4 million seed round of financing, led by Protagonist and Solana Ventures, with participation from Animoca Brands, Alameda Research, Delphi Digital, and CMS Holdings.
Cardinal offers features including leasing, staking, and ticketing to help increase the utility of NFTs. Cardinal launched the first version of the rental marketplace earlier this year and is expected to release a second version in the coming days, which will feature a redesigned user interface and experience.
4. Optic | $11 million in seed round financing｜Pantera Capital led the investment
On July 20, Optic, an NFT smart certification company, completed a $11 million seed round of financing. This round of financing was co-led by Pantera Capital and Kleiner Perkins, and Greylock Partners, Lattice Capital, OpenSea, Circle, Polygon, CoinDCX, Neon DAO and Flamingo DAO Wait to vote. The financing will be used to build core AI infrastructure, etc.
Optic is developing an AI engine for NFT content recognition and says it processes millions of newly minted NFTs every day.
5. Zharta | $4 million in seed round financing｜Greenfield One led the investment
On July 20, Zharta, an NFT lending platform, completed a US$4 million seed round of financing. This round of financing was led by Greenfield One, with participation from Shilling Capital and Possible Ventures.
Zharta will use the new funds first on customer demand, followed by research and development, sales and marketing. Its goal is to accelerate market penetration and expand promotion to improve the instant lending platform. At the same time they will add up to 20 new employees to the existing team of 12. Zharta's platform is expected to be officially released by the end of summer.
【DeFi】
6. XLD Finance | Pre-A round of financing 13 million US dollars｜Dragonfly Capital and other leading investors
On July 19, DeFi service company XLD Finance announced the completion of 13 million Pre-A round of financing. This round of financing was led by Dragonfly Capital and Infinity Ventures Crypto, Advance AI, Circle, Digital Currency Group, IDG Capital, Insignia Venture Partners, Integra Partners, Morningstar Ventures, Openspace Ventures, Sfermion, Shima Capital, Transcend Fund, TrustToken, UOB Venture Management, Woo Network, Yield Guild Games, YOLO Ventures, Emfarsis, etc. participated in the investment. Proceeds from this round of financing will be used to expand the size of its product and engineering teams, as well as expand its network of authorized partner financial institutions, merchants and billers.
7. Bluejay Finance | Financing $2.9 million | C2 Ventures participated in the investment
On July 20, Bluejay Finance, a decentralized stablecoin protocol, announced the completion of US$2.9 million in financing. This round of financing was participated by C2 Ventures, Zee Prime Capital, Stake Capital Group, Daedalus Angels, RNR Capital, etc., as well as DeFi projects such as Voltz and Flux.
Bluejay Finance aims to create a way to develop more non-USD stablecoin solutions, including Singapore dollar, Philippine peso, and other Asian national currencies. Bluejay will minimize currency exchange risk by having a blockchain-based non-USD stablecoin, making access to funds and payments easier and more efficient.
About CGV FOF: CGV FOF is a fund of funds from Asia, focusing on investing in Crypto Fund and Crypto Studio. CGV FOF is composed of family funds from Japan, South Korea, mainland China and Taiwan, headquartered in Japan, and also has branches in Singapore and Canada. CGV FOF includes MetaEstate, EstateTrader, Everland and other brands and companies.
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