Funding Weekly: 10 Deals Raised $14.9 Million, Blockchain Gaming and Bitcoin Ecosystem Draw Most Attention
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Funding Weekly: 10 Deals Raised $14.9 Million, Blockchain Gaming and Bitcoin Ecosystem Draw Most Attention
Between December 25 and December 31, ten blockchain startups announced fundraising totaling approximately $14.9 million.
Navigating Web3 tides with focused insightsWritten by: TechFlow
According to RootData, between December 25 and December 31, 10 blockchain startups announced fundraising totaling approximately $14.9 million.
Featured Projects
Sleepless AI
Overview: Sleepless AI is a Web3 AI gaming platform that leverages AIGC and LLM technologies to develop two "virtual companion" games (a virtual boyfriend and a virtual girlfriend), enabling organic interactions with characters. Currently, only the virtual boyfriend game titled "HIM" has been launched.
Investors: Web3+AI gaming platform Sleepless AI has completed a new round of financing led by Folius Ventures.
Highlights:
1. Sleepless AI was selected into Binance Labs' sixth-season MVB investment program and has previously received investments from Binance Labs and Foresight Ventures.
2. Binance will list Sleepless AI (AI) on January 4, 2024, at 18:00.
3. The floor price for its first-generation HIM Genesis NFTs has reached 400 BNB.
Portal
Overview: Portal is a Web3 gaming platform. $portal is the native token of the Portal platform. It aims to build a unified Web3 gaming ecosystem by connecting different blockchain networks and players via LayerZero, offering players access to a wide range of games and distribution opportunities, while integrating with networks such as Solana, Polygon, Avalanche, and Klaytn.
Investors: Cross-chain Web3 gaming ecosystem Portal has completed a new strategic funding round, with undisclosed amounts. Participants include Michael Bouhanna, Vice President and Head of Digital Art & NFTs at Sotheby's; Max Crown, co-founder of MoonPay; RAY, CEO of 9GAG; Giulio, CEO of Pixelmon; and Kalos, co-founder of Parallel.
Highlights:
1. Jamie King, one of the co-founders of Rockstar Games (creators of Grand Theft Auto), has joined Portal as an advisor to oversee its crypto gaming initiatives;
2. All NFTs within the future Portal ecosystem can be purchased on Magic Eden using the Portal token;
3. Transaction fees from PORTAL will be continuously recycled—partially burned and partially distributed as platform rewards.
Ordz Games
Overview: Ordz Games is a retro arcade-style game that is 100% fully on-chain and playable offline. Different types of games are released each season. Its utility BRC-20 token $OG$ has been renamed $ORDG.
Investors: BTC-based game Ordz Games announced on X that it has completed its seed round, led by Waterdrip Capital, with participation from UniSat, CoinSummer, Sora Ventures, and SatoshiLab. The funding amount remains undisclosed.
Highlights:
1. Its NFT collection, Ordz Heroes, currently has a floor price of 0.009 BTC;
2. Successfully completed an IDO on the Bitcoin DeFi platform ALEX with 27x oversubscription;
3. Players can earn in-game points by playing, with top-ranked players receiving BRC-20 token ORDG rewards based on their scores.
Detailed funding information for each category:
Bitcoin Ecosystem
BTC-based game Ordz Games announced on X that it has completed its seed round, led by Waterdrip Capital, with participation from UniSat, CoinSummer, Sora Ventures, and SatoshiLab. The funding amount remains undisclosed.
BRC20 infrastructure project BRC20.com announced a $1.5 million funding round led by UTXO Management, with participation from Zashin Capital Management, Unbroken Chain, One Block Capital, Sora Ventures, OWL Ventures, Bitcoin Frontier Fund, Hamble, and New Tribe Capital. BRC20.com plans to launch a mobile application allowing users to bridge, trade, and stake BRC-20 tokens via smartphones. The company also intends to release a decentralized relay network for a new DeFi protocol backed by .COM tokens.
Inscription asset lending platform Tonka Finance announced multi-round fundraising through its ecosystem token TOKA via a fair launch, achieving its $2.5 million fundraising goal. Tonka Finance is a lending platform focused on enhancing functionality and liquidity for inscription assets, aiming to improve usability, feasibility, liquidity, and accessibility of Bitcoin inscriptions and other digital assets through unique lending mechanisms, diverse collateral options, and seamless cross-chain interactions.
DeFi
Cosmos modular multi-chain token issuance platform Eclipse Fi raised $1.9 million, with participation from Big Brain Holdings, Rarestone Capital, Momentum 6, NxGen, Crypto Banter, Cogitent Ventures, Token Metrics, Kyros Ventures, Faculty Group, Master Ventures, Ivan on Tech, Brian D Evans, Danish Chaundry, and Gainzy. TGE took place on December 22.
Gaming
Web3+AI gaming platform Sleepless AI completed a new funding round led by Folius Ventures. Sleepless AI is a winner of Binance MVB V and has received investments from Binance Labs and Foresight Ventures.
Cross-chain Web3 gaming ecosystem Portal completed a new strategic funding round with undisclosed amounts. Participants include Michael Bouhanna, VP and Head of Digital Art & NFTs at Sotheby's; Max Crown, co-founder of MoonPay; RAY, CEO of 9GAG; Giulio, CEO of Pixelmon; and Kalos, co-founder of Parallel.
MEME
Solana-based meme project analoS announced a $1 million investment from hedge fund Gotbit Hedge Fund, which will be used to initiate a $1 million token buyback program. All purchased ANALOS tokens will be allocated to its treasury for future listings, marketing deals, airdrops, and other purposes.
Infrastructure
Centralized storage platform Cumulus Encrypted Storage System (CESS) raised $8 million, with participation from HTX Ventures, Infinity Ventures Crypto, DWF Labs, Mentha Partners, Vespertine Capital, Web3 Foundation, Singchain Investment, 7 O'Clock Capital, SolrDAO, FishDAO, OneBlock+, Winkrypto, and Polkadot.
Others
Phoenix Group made a strategic investment in social networking and content monetization platform Lyvely to strengthen its technology and Web3 portfolio. Lyvely will develop a token seamlessly integrated into the platform, enabling anyone to monetize online content or services.
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