In this week's blockchain funding spree, 13 startups raised nearly $230 million, with seven projects receiving pre-seed and seed rounds and six other funding rounds, with the Celestia Foundation leading the way with $100 million.
The injection of these funds not only provides the soil for these projects to grow, but also injects new vitality into the entire Web3 ecosystem. From decentralized content delivery platforms to innovations in 3D world maps, from biospecimen markets to Web3 game development, these projects cover a full range of developments from infrastructure to application, showcasing the diversity and potential of Web3 technologies.
The data originates from Rootdata.
The largest funding round of the week, Celestia
Celestia 基金会宣布已完成 1 亿美元融资，由 Bain Capital Crypto 领投，Syncracy Capital、1kx、Robot Ventures、Placeholder 等参投。 这使该项目的总筹集金额达到 1.55 亿美元。
The Celestia Mainnet Beta went live in October 2023 and offers a dedicated modular consensus and data network. Since launch, an early ecosystem has formed, with developers deploying the first 20 rollup chains, and Celestia data blobs have recently reached more than half of the total rollup release data.
Sisyphus, a well-known DeFi investor, said in a post that Celestia's recent $100 million funding round is a direct over-the-counter deal between the foundation and various institutions a few months ago, valuing the funding at $3.5 billion, and these token shares may also be unlocked in October.
According to CoinGecko data, TIA is currently trading at $6.43, up 79% over the past month. Previously, Sisyphus said that if institutions can sell all the unlocked assets at $7.5, they will be able to break even, does this mean that the main TIA force will pull to this price next? See.
全链 Rollup 网络Initia
Blockchain project Initia announced the completion of a $14 million Series A round of financing led by Theory Ventures, with participation from Hack VC and others, with angel investors including Keone Hon of Monad Labs, Bryan Pellegrino of LayerZero Labs, and Michael Egorov of Curve Finance.
Initia co-founder Ezaan Mangalji said the company began a Series A funding round earlier this year and closed it in June. The funding round was structured as a Simple Future Equity Agreement (SAFE) with token warrants, which brought Initia's FDV to $350 million.
About Initia
Initia is essentially Interwoven Rollups, which aims to rebuild the multi-chain world architecture, product and economic stack as a whole through Initia Layer 1 and an interwoven Layer 2 system. Its advantage lies in the experience provided by existing multi-chains such as Cosmos and Ethereum, which realizes the connection between Layer 1 and Layer 2 systems, and lays the foundation for the future on-chain world built around Rollup.
Rollups built with the Initia Interwoven Stack are developed on top of the CosmosSDK, run as Optimisic Rollups, and support EVM, MoveVM, and WasmVM. Teams can change all the settings of their rollup (including trade order placement and processing, etc.) on the Cosmos platform, choose the most appropriate virtual machine and integrate existing Layer 1 features (including native USDC, Oracle data, wallet mode, LayerZero, IBC, blockchain explorer, etc.). The Initia system enables applicationchain builders to build the best system with built-in modular components without having to juggle between a variety of DAs, interoperability, and other foundational solutions, eliminating fragmentation that impacts the overall user base and simplifying the development experience for applicationchain teams.
Finally, Initia has also built a new multi-chain economic framework, Initia VIP, which brings value to INIT and the underlying Layer1 by building new use cases for the token while helping Layer 2 attract users. VIP aims to address the many deficiencies in Layer 1 (especially ATOM) and encourage the Layer 2 team to develop new organic use cases for INIT and have a stake in the underlying Layer 1. In addition, VIP helps the Layer2 team engage end-users and maintain on-chain engagement through app-defined KPIs.
Team information
The Initia team is made up of nearly 40 crypto-native founders and researchers who have worked in the Cosmos and Ethereum ecosystems for many years and have experience building teams at FAANG and other top quant companies. Currently, members of the company have built dozens of DeFi dApps, managed and scaled the chain and its backend infrastructure, and become core contributors to Cosmos Core and CosmWasm.
Prior to founding Initia, Stan graduated from Princeton with a degree in mathematics and worked as a quantitative trader before moving on to MEV. Zon is a graduate of the University of Pennsylvania with a degree in computer science and the Wharton School and is now a smart contract engineer. In 2022, when events such as Terra, FTX, 3AC, and Genesis triggered a systematic market lock-in, Stan and Zon have already invested in Cosmos Layer 1 with DeFi at its core.
Initia 将于未来两个月内将发布主网并完成 TGE。 上线首日将发布 6 个 Layer2，并后续发布更多 Layer2。 （with at least 6 L2s at Day 1 with more coming online shortly thereafter.）Initia 公共测试网 The Initiation 历时 12 周，并于上个月结束测试，该网络允许用户使用 Initia 团队过去两年的开发成果，包括 Initia Layer1、外部团队构建的 8 个 Interwoven Stack、产品工具（Initia 应用程序、钱包、资源管理器以及小工具）、专注多链世界一致性的经济框架（Initia VIP）等。
Even under stringent testnet entry criteria, Initiation completed 125 million transactions and attracted nearly 3 million unique addresses. During the testnet, users can interact with the app on Initia, mint pets on-chain and evolve them.
At present, Initia has disclosed 11 teams building appchains on the Interwoven Stack, and the total amount of team financing exceeds 1300 perfect yuan. These include:
- Blackwing: Raised $4.5 million from Hashed and Gumis Crypto
- MilkyWay: $5 million raised from Binance Labs, Polychain, and Hack VC)
- Cons:GLOB 链
- Civitia:i.e.
- Inertia：首个 LRT 与模块化借贷
- Chai Markets：收益终端
- Zaar: Mobile NFT Marketplace
- Minity: Native portfolio management tool
- Tucana: Multi-Liquidity Gates and Derivatives Layer
- Lunch: An all-in-one mobile Web3 consumer app
- Infinity Ground：AI 娱乐平台
In addition, Initia recently completed the acquisition of blockchain explorer Celatone and its team behind Alles Labs, which previously provided data query support for Sei, Osmosis, Neutron, and all Layer2 users currently on Initia and The Interwoven Stack.
Mawari, a decentralized 3D and XR content delivery platform
去中心化内容交付平台 Mawari 旗下 DePIN 网络 Mawari Network 宣布完成 1080 万美元战略融资，Anfield LTD、Borderless Capital 和 1kx 领投，Accord Ventures、Animoca Brands Japan、Blockchange Ventures、Draper Dragon、iAngels、Mulana Ventures、Parami Investors、Samsung Next 和 Waldo Holdings，以及天使投资者 Ivan Brightly、Joshua Frank、Pete Townsend 和 Sean Carey 等参投。
This strategic funding round brings Mahari's total funding to $17.3 million. Mawari is scheduled to go live on the Solana mainnet in the first quarter of 2025 and will conduct node license sales in the fourth quarter of this year to expand the infrastructure.
It is reported that the project currently serves 40 customers, including global brands such as T-Mobile, Netflix and BMW, with an average annual revenue of about $1.5 million. With a focus on real-time 3D content rendering and streaming, Mawari powers VR, AR, and XR devices, and currently has 3 patents and 11 more pending.
About Mawari
Leveraging a global network of GPUs, Mawari is able to stream 3D content in real-time to spatial computing devices such as the Apple Vision Pro, Meta Quest 3, and Meta Orion AR glasses, and overcome the limitations of traditional centralized networks with Web3 technologies such as DePIN. Mawari is focused on providing scalable infrastructure for real-time 3D applications, solving core challenges in the spatial computing industry, which was once known as XR. Since its inception in 2017, Mawari has launched the Mawari Network, a decentralized physical infrastructure network that provides decentralized computing and storage resources optimized for AR/VR experiences.
"Whenever I see what Mawari has accomplished, I feel how exciting the future of spatial computing will be," said Sean Carey, co-founder of Helium and partner at Borderless Capital. "Luis and his team have quietly developed real technology over the past seven years, with an amazing set of systems."
"As an early pioneer in spatial computing, Mawari was also one of the first successful Web2 companies to apply blockchain and decentralized technologies to drive innovation, efficiency and user experience," said Christopher Heymann, founding partner of 1kx. "They recognize the huge potential of decentralized computing in the future of content delivery, and we are excited to support them on this journey."
Mawari will use the funds to expand into new markets, and the team will continue to improve the spatial streaming SDK and increase R&D investment to stay ahead of the competition for decentralized computing. In addition, Mawari will strengthen its business development and expand its customer base, especially in the growing space computing equipment and programming sectors in Asia and the Americas.
"Our vision has always been to make immersive experiences accessible to everyone, and this investment will open up the platform for the wider community to build the 3D Internet with us," said Luis Oscar Ramirez, founder and CEO of Mawari.
Mawari is a pioneer in 3D streaming with three patents and 11 more pending, with existing customers including global brands such as T-Mobile, Sapporo, KDDI, Netflix and BMW. Initially operating on a self-sufficient basis with an average annual revenue of around $1.5 million, Mawari plans to conduct a node license sale in Q4 2024 to decentralize and expand its spatial computing network.
Decentralized 3D world map MeshMap
Ryan Rzepecki, co-founder of the decentralized 3D map project MeshMap, said in a post on X that the project has completed a $4 million funding round with participation from a16z CSX, Colosseum, Lattice, Escape Velocity, GSR and other institutions, in addition to individual investors who participated in this round of financing, including Solana's two co-founders, toly and raj, and former Coinbase CTO Balaji Srinivasan et al.
It is reported that a16z Crypto announced the launch of the Crypto Startup Accelerator (CSX) Fall 2024 project, and 21 projects including MeshMap were selected.
生物样本市场AminoChain
AminoChain announced the closing of a $5 million seed round led by a16z, the first decentralized science (DeSci) project invested by a16z.
It is reported that AminoChain is building an L2 blockchain protocol that connects enterprise medical institutions and building user-owned decentralized healthcare applications on top of the protocol. The first application built on AminoChain is a biospecimen marketplace that allows researchers to query and license samples through a network of biobanks. Patients can track their sample usage, learn from the new insights generated from the samples, and make money when they sell those samples.
EarthFast, a crypto front-end hosting solution
加密前端托管解决方案 EarthFast 宣布完成 140 万美元 Pre-Seed 轮融资，TheGP 和 Nascent 领投，Bodhi Ventures、Infinex 创始人 Kain Warwick 和 Audius 联创 Roneil Rumburg 参投。
According to reports, EarthFast was originally launched in 2022 as a community project called Armada Network, and EarthFast's first product is a front-end hosting solution that allows projects to shift the responsibility for updating and deploying websites to DAOs, governance contracts, or any other on-chain entity
Web3 奖励信息聚合解决方案 Daylight
Web3 奖励信息聚合解决方案 Daylight 宣布完成 600 万美元种子轮融资，本轮融资由 Union Square Ventures (USV) 领投，Framework Ventures、Chapter One、Zerion 联合创始人 Evgeny Yurtaev 和 Vadim Koleoshkin、Blockaid 联合创始人 Ido Ben-Natan 和 Raz Niv 以及 Yup 联合创始人 Nir Kabessa 参投。
另据，Web3 资产数据平台 RootData 显示，Daylight 曾在 2022 年 11 月筹集了 300 万美元，Framework Ventures、Chapter One 等投资。
It is reported that Daylight is an on-chain information aggregation platform that has been integrated into mainstream wallets such as MetaMask, Coinbase Wallet, Zerion, and OKX Wallet. It offers personalized trading suggestions, including airdrop claims, NFT minting, game tasks, and more.
Movement 的原生流动性层Meridian
Meridian是一个基于 Movement 构建的去中心化流动性市场和流动性质押协议，已筹集400 万美元种子资金。 此轮融资由 ParaFi Capital 和 Borderless Capital 共同领投，Amber Group、Saison Capital、Interop Ventures 和 Oak Grove Ventures 参投。 Meridian 旨在引领 Movement 上基于 Move 的DeFi生态系统，Movement 是由 Movement Labs 创建的区块链网络。
再质押协议 Helix Labs
再质押协议 Helix Labs 完成 200 万美元 Pre-Seed 融资，Tribe Capital、EMURGO Ventures、Taureon Capital、LD Capital 和 Double Peak Group 等领投。 此次融资将加速增加 L1 资产应用场景，解决 L3 的冷启动问题，通过提供流动性和用户，推动 Cardano 流动性进入更广泛的 DeFi 生态系统。
Helix Labs aims to enhance yield opportunities for non-Ethereum L1 asset holders and support future MoveVM rollups through liquidity abstraction and the OmniVM technology stack. Bring more liquidity to DeFi by enhancing token utility, expanding EigenFi capacity, and providing liquidity-as-a-service, providing users with greater yields. Helix Labs joins Movement Labs' Move Collective accelerator program, a protocol that will allow Cardano's ADA token holders to stake while acquiring liquid staking ADA, which will then be bridged to Movement, unlocking approximately $12 billion in Cardano's liquidity.
Web3 游戏开发商 Darkbright Studios
游戏开发商 Darkbright Studios 宣布完成 600 万美元的种子轮融资。 本轮融资由 Bitkraft Ventures 领投，Play Ventures、Anthos Capital、King River Capital、Rockaway X、Zentry、Caballeros Capital、Gam3Girl Ventures 和 Offchain Labs 参投。
The company plans to use the funds to develop core games, starting with Smolbound, a life simulation game. This RPG-simulation hybrid is a player-driven world that seamlessly integrates Web3 technologies.
Darkbright has begun a closed beta of the game, which is scheduled to launch on the Treasure Layer-2 blockchain next year.