Crypto Fundraising weekly
Dates: 17 – 23, Dec 2023

This week's biggest funding round

MapleStory Universe raised $100M in a funding round from Nexon*.

MapleStory Universe is an innovative MMORPG that integrates NFT ownership, offering players ownership of in-game assets with real utility. It expands the traditional MapleStory world into a decentralized metaverse, allowing for community-driven content creation and a nostalgic yet modern gaming experience.

Pre-seed and Seed investment rounds

Web3mine raised $6M in a Seed funding round from 1kx*, Protocol Labs, Alliance DAO (ex DeFi Alliance).

web3mine is an innovation lab dedicated to building an open, decentralized compute infrastructure. It operates a marketplace for compute resources, enabling hardware owners to monetize their assets by completing jobs and allowing cryptocurrency holders to contribute tokens and earn staking rewards.

Wynd Network (Grass) raised $3.5M in a Seed funding round from Polychain Capital*, Tribe Capital*, Bitscale Capital, Big Brain Holdings, Mozaik Capital, Advisors Anonymous, Typhon V.

Wynd is a decentralized network that enables users to share and monetize their unused internet bandwidth, challenging centralized proxies and advocating for an open internet. Through GetGrass by Wynd, users can share their bandwidth via the app, earning GRT tokens while contributing to a decentralized and accessible web.

Fyde Treasury Protocol raised $3.2M in a Seed funding round from OP Crypto*, Arrington Capital, Big Brain Holdings, Merit Circle.

Fyde is a blockchain technology company that offers a secure "liquid vault" solution, allowing cryptocurrency holders to deposit digital assets while retaining ownership and enhancing performance. The platform provides a systematic method to mitigate DeFi risks and introduces $TRSY as a trading incentive. Fyde aims to revolutionize crypto treasury management by addressing challenges with asset diversification, yield generation, token liquidity, and governance.

Fiat Republic raised $7M in a Seed funding round from Kraken Ventures, Fabric Ventures, Arca Fund, Inovo VC, Speedinvest, Credo Ventures, Seedcamp.

Fiat Republic, based in London, is a fintech platform designed to bridge traditional banking with the Web3 ecosystem. By offering a unified API, it enables businesses to integrate both fiat and crypto transactions seamlessly, emphasizing security, compliance, and accessibility across various currencies and global payment networks.

Moove Protocol raised undisclosed amount in a Seed funding round from Morningstar Ventures*, ZBS Capital, Alpha Protocol Ventures, Antiga Capital, NxGen, Let’s Go Ventures, Vijay Pravin Maharajan.

MOOVE Protocol, initiated by Two3 Labs and CowCow, aims to nurture a community through community-oriented tokens like $MOOVE, with CowCow as its primary pillar. This protocol is building an AI Video Content Generation system on Polygon, partnering with numerous collections to enhance video content creation capabilities. Designed as an ESDT token, MOOVE seeks to set a new standard for community-focused cryptocurrencies.

Formless raised $2.2M in a Pre-seed funding round from a16z Crypto Startup School (CSS), Beacon web3 accelerator, MH Ventures, Zypsy, WAGMI Ventures, vVv fund, Knights Capital, Contango Digital Assets, CRT Labs, Sandeep Nailwal, Dharmesh Shah, Dallas Austin.

Formless is a media company empowering creators to monetize content through its SHARE protocol and Formless dapp. The SHARE protocol is a decentralized platform that provides a mechanism for artists and creators to monetize their digital media content through smart-contracts. Formless is a DApp interface that enables users to access and consume content, but other interfaces can be built and connected to the SHARE smart-contracts on-chain.

Rio Development Inc. raised undisclosed amount in a Seed funding round from Polychain Capital*, Blockchain Capital*, Breyer Capital*, Archetype, Blockchain Coinvestors, Coinbase Ventures, Chorus One, Coinsummer Labs, Fenbushi Capital, Finality Capital, Hack VC, Hash3, Hashkey Capital, Maelstrom, Mirana Ventures, NGC Ventures (NEO Global Capital), Proof Group, Reciprocal Ventures, Robot Ventures, Rubik Ventures, SNZ Holding, Stake Capital, Tangent Ventures.

Rio Network, developed by Rio Development Inc., is a pioneering platform issuing Liquid Restaking Tokens (LRTs), with its flagship product being reETH. Focused on risk-managed access to restaking rewards, Rio Network stands out by prioritizing AVS (Actively Validated Services), operator management, and efficient aggregation of restaking rewards, positioning itself as a leader in the emerging Liquid Restaking Token category.

Voi Network raised undisclosed amount in a Seed funding round from Arrington Capital, Sonic Boom Ventures.

Voi Network is a user-centric Layer 1 blockchain solution built on Algorand's technology, emphasizing community ownership and governance. By targeting both blockchain enthusiasts and mainstream users, Voi aims to simplify blockchain complexities, foster collaboration, and drive real-world applications.

Other investment rounds

Ammalgam raised undisclosed amount in a  funding round from Bodhi Ventures, Factor Ventures, BootNode, Marin Digital Ventures, Kain Warwick, Robert Leshner, Santiago R. Santos, Anton Bukov, Sergej Kunz, Tarun Chitra.

Ammalgam is a DeFi protocol combining lending and trading that composes yield sources, simultaneously improving capital efficiency and unlocking unlimited strategies for market makers. Permission-less pairwise lending empowers traders to short anything, taking DeFi beyond what has been possible before.

Medallion raised $13.7M in a Series A  funding round from Dragonfly Capital (ex Metastable Capital)*, Lightspeed Faction*, Coinbase Ventures, Infinite Capital, Third Prime, J17 Capital, The Chernin Group (TCG Crypto), Foundations Music, Bill Silva Entertainment (BSE), Disclosure, Jungle, MT JOY.

Medallion is a direct-to-fan sales and marketing platform designed to empower musical artists to cultivate and monetize their fan base. It offers artists tools to create their digital space, engage fans through exclusive content and rewards, and foster deeper connections.

Addressable raised $6M in a  funding round from BITKRAFT Ventures*, Karatage, Viola Ventures, Fabric Ventures, Mensch Capital Partners, North Island Ventures.

Addressable is a web3 marketing startup helping web3 marketers to gather data from social media accounts and wallets and matches the information based on similarity to build more accurate audience profiles to target.

Immutable X raised undisclosed amount in a Strategic  funding round from Framework Ventures*.

Immutable X is the first Layer-2 for NFTs on Ethereum

ALEX raised undisclosed amount in a Strategic  funding round from LK Venture*.

ALEX is an open-source Bitcoin DeFi platform built on the Stacks Blockchain. It offers users the ability to launch tokens, fixed-rate and fixed-term borrowing/lending, advanced DEX, deposit tokens to earn interest, and obtain high returns through yield farming, with a focus on trading, lending, and borrowing of crypto assets with Bitcoin as the settlement layer and Stacks as the smart contract layer.

Tres Finance raised $11M in a Series A  funding round from Lightspeed Faction*, New Form Capital, Boldstart Ventures, Ambush Capital, Cyber Fund.

Tres Finance is a cryptocurrency accounting and taxation reporting platform designed specifically for Web3 companies. By collecting and aggregating digital asset data from various wallets and accounts, Tres streamlines the accounting process, allowing Web3 firms to enhance monitoring, management, and automation of their financial transactions.

4EVERLAND raised $2M in a  funding round from Arweave, Waterdrip Capital, Bing Ventures, Forward Research, Web3.com Ventures, Arweave SCP Ventures, GTS Ventures, Hillstone Finance.

4EVERLAND is a Web3 cloud computing platform that offers integrated storage, computing, and network capabilities, aiming to bridge the transition from Web 2.0 to Web 3.0. By providing a distributed, efficient, and cost-effective data hosting gateway, it serves as foundational infrastructure for Web 3.0 developers and applications. Additionally, 4EVERLAND's Universe acts as a central hub for showcasing its technology projects and fostering the Web3 tech community.

Academic Labs raised undisclosed amount in a  funding round from HTX Ventures (ex Huobi Ventures)*.

Academic Labs is an innovative platform leveraging blockchain, NFTs, and AI to revolutionize education, with a focus on English language proficiency and Blockchain knowledge and programming. It aims to create a decentralized and immersive learning environment, bridging the transition from Web 2.0 to Web 3.0, and ensuring inclusive access to quality education resources for all.

Frame raised undisclosed amount in a  funding round from Electric Capital*, 0xmons, 0xMaki, Luca Netz, 9GAGCEO, dingaling, Loopify.

Frame is an Ethereum Layer 2 solution aimed at amplifying NFT adoption within the Ethereum ecosystem. EVM-compatible and built using Arbitrum's Nitro stack, Frame offers faster transactions and lower fees than Ethereum's mainnet while maintaining robust security measures. It optimizes NFT-specific operations, supports existing Ethereum tooling, and enforces royalties through its Palette Protocol, ensuring a seamless experience for developers and creators alike.

GoDID raised undisclosed amount in a  funding round from NGC Ventures (NEO Global Capital)*.

GoDID is a marketplace aggregator specializing in the registration, transactions, and management of Decentralized Identities (DIDs). With core functions including bulk search, registration, and transactional capabilities, GoDID serves as a comprehensive platform for all categories of DIDs.

BIIS raised undisclosed amount in a Strategic  funding round from Cryptogram Venture (CGV)*.

BIIS is an all-encompassing technology stack for the BRC ecosystem, providing a comprehensive set of tools for BRC20/420/721/100 tokens, including launch, cross-chain capabilities, bulk distribution, and batch operations. Additionally, BIIS plans to introduce a fully automated asset release platform, supporting various release modes such as Free Mint, AirDrop, and IDO, along with the Inscription Dao voting system for decentralized community governance.

* fund, that lead investment round