Home > web3.0 > Taking stock of 28 financing projects this week: IREN raised US$413 million in Series A financing

Taking stock of 28 financing projects this week: IREN raised US$413 million in Series A financing

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Release: 2024-07-16 20:52:26
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Taking stock of 28 financing projects this week: IREN raised US$413 million in Series A financing! This week, 28 blockchain startups received $654.2 million in funding. The largest financing was Iris Energy's US$413 million in Series A financing; 16 projects received Series A investment and 11 projects received other rounds of investment. Today, the editor of this site will give you a detailed introduction to the 28 financing projects this week. Friends in need should take a look!

This week’s largest funding round

1, Iris Energy

Iris Energy (now renamed IREN) raised $413 million in a funding round.

About Iris Energy

Iris Energy (IREN) is a leading next-generation data center enterprise using 100% renewable energy to power Bitcoin mining, artificial intelligence and other operations. Headquartered in Australia, the company aims to increase hash rate capacity to 30 EH/s and data center capacity to 510 MW by 2025, with plans for further expansion and power monetization activities.

Pre-Seed and Seed Financing Rounds

2.Monad Pad

Monad Pad raised in a seed round funding round from Cogitent Ventures, Coin Merge Strategy (CMS), CSP DAO, Zephyrus Capital, Sneaky Ventures, Legion Ventures and FOMO Ventures raised $0.9 million.

Introducing Monad Pad

Monad Pad is the first token and NFT launch platform built on the Monad network, empowering creators, investors and collectors. The platform provides a pre-sale launch and participation platform for vetted DeFi projects. Monad Pad offers a range of tools, including token lockers, liquidity provider (LP) lockers, and pre-sale buying bots. The platform rewards users through LP staking, NFT staking, and revenue sharing models. It aims to build an inclusive and transparent ecosystem that provides powerful and scalable infrastructure for digital assets and DeFi applications.

3.QED Protocol

QED Protocol raised $6 million in a seed round from Blockchain Capital.

Introduction to QED Protocol

QED Protocol is Bitcoin’s native execution layer, providing a horizontally scalable, secure and user-friendly platform for Web3 development. As the first zk-Native blockchain, QED ensures horizontal scalability, Web2 developer friendliness, and zk-Native speed, solving scalability challenges through the innovative zk-PARTH state model. This allows for millions of transactions per second, empowering decentralized applications on Bitcoin with local proof of transactions and unlimited computing power under a fixed gas fee, revolutionizing blockchain applications and improving user experience.

4.Onaji

Onaji raises $2.5M in a pre-seed round from Stratos Technologies*, Maven 11 Capital, Inception Capital (formerly OP Crypto), Uniswap Labs Ventures, Hypersphere, IOSG Ventures and Punk DAO .

Introduction to Onaji

Onaji is a machine learning platform for smart contract blockchain, designed to build and run intelligent algorithms that interact with blockchain applications. It provides comprehensive features such as model training, real-time and historical data analysis, on-chain operation execution, backtesting and simulation. Onaji supports Ethereum applications by enabling machine learning models to execute decisions on-chain, suitable for smart contract optimization and automation of blockchain applications such as decentralized exchanges and lending protocols.

5.Compute Labs

Compute Labs raised funds from Protocol Labs* (Note: It may refer to Protocol Labs behind Filecoin, but this may specifically refer to another investment company or department), MH Ventures, Hashkey Capital, ArkStream Capital, OKX Ventures (formerly OKEx Blockdream Ventures), Symbolic Capital (formerly Hyperedge Capital), Coin Merge Strategy (CMS), P2 Ventures (Polygon Ventures), Blockchain Coinvestors, Amber Group, Ambush Capital, Cogient Ventures , Builder Capital, Optic Capital, Oak Grove Ventures, Mozaik Capital, and individual investors such as Sandeep Nailwal, Illia Polosukhin, and Austin Federa raised $3 million.

Introducing Compute Labs

Compute Labs is a computing tokenization protocol that financializes AI by enabling investors to have direct exposure to computing assets and create computational derivatives. The protocol enables investors to easily profit from computing, the currency of the future, leveraging innovative methods to combine financial markets with AI-powered computing resources.

6.Sun Protocol

Sun Protocol has raised an undisclosed amount in a seed round from Digital Finance Group (DFG) and the Moore Foundation.

Introduction to Sun Protocol

Sun Protocol integrates multi-chain transactions, cross-chain capabilities, staking, lightning network and other liquidity-related functions, providing users with a more convenient, secure and comprehensive global asset trading ecosystem. Its main products include Swap (exchange), NFT (non-fungible token), Pledge (mortgage), Lending (lending), Cross-chain (cross-chain), Inscription (record), Lightning Network (Lightning Network) and ID (Authentication).

7.Nycrypto Labs

Nycrypto Labs (Tidus Wallet) raised 800,000 in a pre-seed round from DNA Fund* (possibly an investment fund focusing on the blockchain or cryptocurrency field) and Transform Ventures Dollar.

Introducing Nycrypto Labs

NYCrypto was founded in late 2020 to simplify access to the decentralized world by providing reliable, unbiased technology for blockchain, cryptocurrency, decentralized finance (DeFi), and the Metaverse . Through a range of products, services and educational content, NYCrypto helps users reduce risk and navigate the cryptocurrency ecosystem with confidence. Its flagship product, Tidus Wallet, provides a user-friendly interface for storing, sending, exchanging and staking assets across multiple blockchains, while being equipped with educational features and top-notch security.

8.Plaza Finance

Plaza Finance raised in a pre-seed round from Anagram* (possibly an investment firm or fund focused on blockchain or fintech), Interop Ventures, Cosmostation, Skip Protocol received an undisclosed amount of funding.

Introduction to Plaza Finance

Plaza Finance is a cross-ecosystem programmable derivatives hub that supports the creation and trading of tokenized financial products on the blockchain. These derivatives are fully asset-backed, providing greater liquidity and composability compared to synthetic contracts. Plaza Finance supports a variety of assets such as ETH, BTC and tokenized commodities, allowing users to create and redeem structured financial products such as bonds and leveraged positions. The platform aims to revolutionize decentralized finance by providing innovative, flexible and liquid financial instruments without increasing network complexity.

9.Sentient

Sentient raised $85 million in a seed round from Founders Fund* (an investment firm founded by renowned investor Peter Thiel), Pantera Capital* (focused on blockchain and Cryptocurrency investment firm), Framework Ventures*, Ethereal Ventures, Robot Ventures, Symbolic Capital (formerly Hyperedge Capital), Delphi Ventures, Hack VC, Arrington Capital, Hashkey Capital, Foresight Ventures, MH Ventures, Canonical Crypto, Primitive, Nomad Capital , Hypersphere, IDG Capital, Casey K. Caruso, Protagonist, Folius Ventures, Sky9 Capital, Mirana Ventures, The Spartan Group and Dispersion Capital.

About Sentient

Sentient is an AI research organization dedicated to promoting an open AGI (Artificial General Intelligence) economy and supporting AI builders and creators. It develops platforms and protocols that enable open source AI developers to monetize their innovations, collaborate on powerful AI projects, and become important stakeholders in the decentralized AI ecosystem. Sentient promotes open, monetizable, and community-consistent AI models through blockchain protocols and incentive mechanisms to address the limitations of closed-source AI.

10.OpenLedger

OpenLedger raised $8 million in a seed round from investors including Polychain Capital* (an investment firm focusing on blockchain assets), Borderless Capital* (an investment firm focusing on blockchain and Cryptocurrency investment fund), Finality Capital, Hash3, Hashkey Capital, TRGC, Stix, Mask Network, MH Ventures, WAGMI Ventures and multiple individual investors, including Balaji Srinivasan, Sandeep Nailwal, Sebastien Borget, Aniket Jindal, Scott Moore, Paul Taylor and Trevor Koverko. OpenLedger's specific business or product is not explicitly mentioned in the description, but it can be speculated that it may be related to blockchain technology, cryptocurrency or related financial services.

Introducing OpenLedger

OpenLedger builds permissionless and data-centric infrastructure for artificial intelligence development. The company aims to improve the performance of AI models through decentralized data pipelines and plans to deploy its infrastructure to mainnet in the coming quarter. OpenLedger seeks to fill a critical gap in the development of AI by emphasizing the importance of data and decentralization.

11.Prodia

Prodia raised $15 million in a seed round from investors including Dragonfly Capital* (an investment firm focused on blockchain and digital assets), Hashkey Capital, Web3com Ventures, Index Ventures , Symbolic Capital (formerly Hyperedge Capital), OKX Ventures (formerly OKEx Blockdream Ventures), Escape Velocity, Artichoke Capital, TRGC, Folius Ventures, Tangent Ventures, as well as individual investors Balaji Srinivasan, Sandeep Nailwal and Southern Equity.

Introduction to Prodia

Prodia provides a fast and easy-to-use API for image generation that leverages distributed GPU networks to provide efficient cloud computing services. By leveraging web3 infrastructure, Prodia aims to reduce costs and eliminate the need for users to manage their own GPU infrastructure. The company plans to expand its service to support generative video and large language models.

12.Lombard

Lombard raised $16 million in a seed round from investors including Polychain Capital* (an investment firm focused on blockchain assets), Babylon, dao5 (daofive), Franklin Templeton, Foresight Ventures, Mirana Ventures, Mantle Network, Nomad Capital, OKX Ventures (formerly OKEx Blockdream Ventures) and Robot Ventures.

Introducing Lombard

Lombard is committed to unlocking the potential of Bitcoin by integrating it into decentralized finance (DeFi), establishing a common standard for cross-chain, yield-generating BTC without fragmenting liquidity. Their flagship product, LBTC, is a liquid Bitcoin backed 1:1 by BTC that allows users to earn, stake, trade, and participate in DeFi while maintaining Bitcoin as a store of value. Currently in the first phase of the Ethereum mainnet, Lombard aims to expand access and grow the Bitcoin restaking ecosystem.

13.Pi Squared

Pi Squared has raised $12.5 million in a seed round with participation from Polychain Capital*, ABCDE Capital, Bloccelerate, Generative Ventures, Robot Ventures and Samsung Next.

Introducing Pi Squared

Pi Squared (also known as Proof of Proof) leverages zero-knowledge (ZK) technology to provide trustless remote computing, artificial intelligence, and interoperability for any blockchain or decentralized application (dApp) smart contract. It creates a Universal Settlement Layer (USL) that simplifies interoperability across blockchains, languages, and applications without the need for legacy language implementations. Pi Squared leverages recent advances in zero-knowledge technology, formal semantics, and logical reasoning techniques.

14.SendBlocks

SendBlocks has raised $8.2 million in a seed round with participation from Castle Island Ventures*, Pitango, Illuminate Financial, Laser Digital and Starkware.

Introducing SendBlocks

SendBlocks is a blockchain data management startup that simplifies access to blockchain data through a fully customizable platform. It allows enterprises, ecosystems, and applications to define and access the data they need without the need for large internal data teams or expensive external solutions. SendBlocks allows users to write and deploy functions that respond to specific blockchain events, automating data triggering and output directly to the backend via webhooks.

15.Cambria

Cambria has raised $2.5 million in a seed round with participation from BITKRAFT Ventures*, 1kx*, Hype.eth, Tom Shaughnessy and Bharat Krymo.

About Cambria

Cambria is a blockchain development company that created Duel Arena, a high-stakes one-on-one dueling game where players challenge each other to a life-or-death duel in a public arena. In this Runescape-inspired game, players can bet Arena Tokens or Base ETH in a winner-takes-all duel.

16.Ethos Network

Ethos Network raised $1.8 million in a pre-seed funding round with participation from Bharat Krymo, dingaling and Zeneca.

Introduction to Ethos Network

Ethos is a reputation platform designed to create a more trustworthy Web3 ecosystem by letting users build their reputations, support others, and punish bad actors. It employs a set of interrelated mechanisms—including evaluation, guarantees, penalties, and certifications—to incentivize ethical behavior and generate a reputation score. This score helps users understand who to trust and who to avoid, and aims to enhance the crypto economy by making reputation a key factor in transactions and interactions.

17.Mamori

Mamori has raised $5 million in a seed round with participation from Blockchain Capital*, Velocity Capital, Web3com Ventures, and Daniel Lubarov.

Introduction to Mamori

Mamori is a machine learning-based platform designed for blockchain value extraction. It solves the challenges of scalability, automation, vulnerability detection, and efficiency in the Web3 space. Mamori applies advanced technology to detect and prevent zero-day economic vulnerabilities, MEV (Miner Extractable Value) search and intent resolution. The platform utilizes algorithm parsing to build smart contract sequences and uses state calculation technology to ensure a powerful and customizable algorithm feedback mechanism.

Other funding rounds

18.Swords & Dungeons

Swords & Dungeons in a funding round from Mirana Ventures, Qiming Venture Partners, OKX Ventures (formerly OKEx Blockdream Ventures), Y2Z Ventures, Matrix Partners, Folius Ventures, Mask Network, SNZ Holding, ArkStream Capital, Sky9 Capital, Primal Capital, Bas1s Ventures, Polemos and Welight Capital raised $5 million.

Swords & Dungeons Introduction

Swords & Dungeons is a P2E DeFi massively multiplayer online role-playing game (MMORPG) that combines traditional game systems such as PvE (player versus environment), PvP (player versus player) and GvG ( Guild Wars) combined with the Web 3.0 P2E model and advanced DAO governance concepts. In the game, players become heroes in a crisis-ridden Metaverse, tasked with defeating evil creatures, becoming stronger, mastering the power of the Void, and ultimately working with others to restore peace to the divided world of the Void.

19.FreeBnk

FreeBnk raised $3 million in a funding round from investors including FounderHeads VC, LVT Capital, Lavender Capital and ChaiTech Ventures.

About FreeBnk

FreeBnk is a comprehensive financial platform that combines cryptocurrency services with traditional banking functions. Users can buy, sell and exchange over 1,200 cryptocurrencies in over 150 countries using cash, card or bank transfer. The platform also offers other services, including low-fee international fiat transfers, investment opportunities in real assets such as real estate and gold, competitive loan and mortgage rates, and safe, insured digital asset storage. FreeBnk aims to provide a seamless and secure banking experience, bridging the gap between the traditional finance and cryptocurrency worlds.

20.Wallet Guard

Wallet Guard has raised an undisclosed amount of funding from ConsenSys in an M&A funding round.

Introduction to Wallet Guard

Wallet Guard is an open source browser extension with transaction simulation and active phishing detection capabilities.

21.Pac Finance

Pac Finance raised $1 million in a funding round from Manifold*, Mapleblock Capital*, and Polychain Capital.

Introduction to Pac Finance

Pac Finance is a lending and margin trading protocol on Blast L2, with features such as automatic repayment mechanism, one-click leverage and gas fee refunds. Through a hybrid lending model, local revenue opportunities and innovative developer points sharing, Pac Finance enhances the user experience and maximizes profit potential in a Layer 2 blockchain environment. In addition, Pac Finance prioritizes security, ensuring the safety of user assets by providing secure storage of funds through formally verified and rigorously audited smart contracts.

22.RedStone

RedStone raises funding in a Series A round from Arrington Capital*, SevenX Ventures, IOSG Ventures, The Spartan Group, White Star Capital, Protagonist, gumi Cryptos Capital (gCC), Samara Asset Group, HTX Ventures ( (formerly Huobi Ventures), Amber Group, Kenetic, Selini Capital, Fourth Revolution Capital (4RC), Chorus One, Cluster Capital, Flowdesk, Relayer Capital, Nonce Classic, Thanefield Capital, Triton Liquid Fund, Revelo Intel, Christian Angermayer, Smokey The Bera , DeFiDad and Nomatic and other investment institutions raised US$15 million.

Introduction to RedStone

RedStone is a new type of cross-chain data oracle that provides pricing data for financial protocols.

23.Nubila Network

Nubila Network successfully raised $2.5 million in a round of financing from investors including IoTeX*, VeChain*, The Boston Consulting Group*, Orange DAO, MH Ventures, FutureMoney Group, SNZ Holding, Kronos Research, Taisu Ventures, ByteTrade Lab, Waterdrip Capital, Assembly Partners, CyberConnect and Genopets.

Introduction to Nubila Network

Nubila is a global environmental data network that leverages DePIN (Decentralized Physical Infrastructure Network) and AI technology to enhance the collection and analysis of ESG (Environmental, Social and Governance) data. The Nubila Network platform allows users to collect and share ESG data through an easy-to-install site and is rewarded with $NUBI tokens. Nubila’s AI-driven system ensures seamless integration and real-time insights, providing individuals and institutions with accurate and actionable ESG information. This collaborative ecosystem democratizes access to critical ESG data, promoting proactive and informed decision-making.

24.Astria

Astria raises $12.5M in a strategic funding round from investors including DBA*, Placeholder*, RockawayX, Maven 11 Capital, 1kx, Figment Capital, Bankless Ventures, Hasu, Will Price and Jason Yanowitz . Astria is a modular blockchain that allows individuals to deploy their own censorship-resistant rollups without relying on a centralized orderer.

Introducing Astria

Astria is also developing its Astria EVM, which is powered by a shared sequencer network and is planned to serve as the flagship Ethereum Virtual Machine (EVM) for the data availability layer of the modular blockchain Celestia.

25.VAULT

VAULT has raised an undisclosed amount from DRiP in an M&A funding round.

Introducing VAULT

Vault is a Web3 music platform that leverages NFT technology to collect exclusive, limited-edition digital music collections, enabling artists to provide additional paid content and experiences.

26.Solayer

Solayer has raised an undisclosed amount of funding in a funding round from investors including Sandeep Nailwal, DCF God, Justin Bram, Anatoly Yakovenko, Nom, Joe Lallouz, Xinshu Dong, WSB Mod, 0xRooter and Joseph Delong.

Introducing Solayer

Solayer is building a native re-staking network on Solana, leveraging Solana’s economic security and advanced execution to provide decentralized cloud infrastructure. This infrastructure enhances consensus and block space customization for application developers. Solayer’s approach includes leveraging SOL’s economic security to protect other systems and developing a shared validator network to extend Solana’s security and infrastructure.

27.Amber Japan

Amber Japan (formerly DeCurret) has raised an undisclosed amount from Sony Corporation in an M&A funding round.

Introduction to Amber Japan

Amber Japan was originally acquired by Amber Group in 2022 and was acquired by Sony from Amber Group in 2023 and renamed S.BLOX. The exchange plans to relaunch as a new app under Sony, marking Sony’s official entry into the cryptocurrency market in a big way. This move aligns with Sony's broader strategy to expand the Web3 technology landscape through multiple investments and partnerships.

28.Carv

Carv raises $35 million in a public sale funding round.

About Carv

Carv is a Web3 identity startup developing a Web3 ID solution that combines Web2 and Web3 game data to create unique user IDs.

The above is the detailed content of Taking stock of 28 financing projects this week: IREN raised US$413 million in Series A financing. For more information, please follow other related articles on the PHP Chinese website!

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