26th week of 2023 financing picks, Polygon participates in DID startup Intuition

According to BlockBeats statistics, the total number of financings last week was 16, a slight decrease compared to before, with a total amount of about 226.315 million US dollars and an average financing amount of 7.0822 million US dollars. Among them, other fields occupy the main body, digital asset management/payment, social/creator economy fields have relatively more financing, NFT/digital fashion and infrastructure have declined, and DeFi field and Metaverse/GameFi are less. The following figure shows the financing ratio of each sector last week:

NFT/Digital Fashion

There are 3 financings in the field of NFT/digital fashion, with a total amount of 3.8 million US dollars, accounting for 1.85% of the total financing last week.

Collectibles.com

On June 13, Collectibles.com, a Web3 collection platform, announced the completion of a $5 million seed round of financing, led by Blockchange Ventures, with participation from GFR Fund, Peter Thiel, and Blockwall Capital. It is reported that Collectibles.com is building a Web3 collector community and market based on Collectibles Protocol.

As a category-defining brand domain, Collectibles.com is poised to become the premier destination for the currently fragmented world of collecting, putting collectors' needs and preferences front and center by providing practical tools, techniques and resources. Unlike most existing apps, websites and traditional marketplaces that are strictly transactional, Collectibles.com will have a strong, connected community uniting collectors across the globe through their shared interests and passions,

Mnemonic

On June 14, the NFT data platform Mnemonic completed a US$6 million seed expansion round of financing, led by Salesforce Ventures, with participation from Polygon Ventures, Orange DAO, FIN Capital, and FJ Labs. Funds from this round of financing will be used to expand the API suite.

Mnemonic is solving the unique and increasingly complex challenges of NFT data by building a data and analytics platform that enables developers and business users to gain insights from their data. They serve brands, builders, and enterprises to create experiences in Web3 using APIs that bring rich Web3 analytics, audience insights, and customizable audience segmentation capabilities.

Mnemonic provides enterprises with a highly available and reliable platform by indexing on-chain data into real-time product data in real time. Mnemonic's B2B API platform provides instant access to NFT data, collecting analytics and insights into billions of transactions. The platform enables developers to support Web3 experiences at scale, including Web3 wallets, social media, analytics tools, and Web3 marketing platforms.

DeFi

There is a total of 1 financing in the DeFi field, with a total amount of more than 1.3 million US dollars, accounting for 0.63% of the total financing last week.

Concordia

On June 17, Concordia, a multi-chain risk and collateral management agreement for digital assets, completed a $4 million financing. This round of financing was co-led by Tribe Capital and Kraken Ventures, with participation from Cypher Capital and Saison Capital.

It is reported that this round of financing was conducted after Concordia released the public testnet on Aptos earlier this month. The Concordia mainnet is expected to be released in the next few months, and other public chains will be launched at the same time. “We are on a path to integrate DeFi and TradFi,” Concordia CTO Thomas Ruble said in a statement.

Concordia wants to make it easier for users to access and manage cross-chain liquidity and collateral. The protocol also provides an easier way for users to manage collateral for margin trading, a method of using borrowed funds to buy or sell assets for a potential profit. Concordia users can manage this collateral from a single account and transfer assets from multiple blockchains without wrapping tokens or bridges. The underlying application programming interface (API) architecture is modular—for example, institutional investors can choose which features they want to use. Developers who want to build with Concordia can access the protocol's shared liquidity pool.

Social/Creator Economy

A total of 1 financing in the field of social/creator economy, with a total amount of more than 15 million US dollars, accounting for 7.31% of the total financing last week.

Intuition

On June 16, Intuition, a decentralized identity (DID) startup, completed $4 million in financing. This round of financing was led by Superscrypt, Shima Capital, Avon Ventures, WW Ventures, Matrixport Ventures, Polygon Ventures, ConsenSys, and some DAOs and angels Investors wait to participate.

Intuition allows users to create proofs on any subject, storing information in a way that is easy to navigate, query, and exploit by other applications. Its protocol and middleware allow developers to integrate the company's proof and knowledge graph into their own applications. Intuition will initially launch with a knowledge graph browser built on top of the protocol and will directly display human-readable data about popular web wallet addresses.

The Intuition stack consists of three distinct layers, each of which plays a key role in forming the Intuition ecosystem and is designed with interoperability and composability in mind. Intuition's ultimate goal is to evolve into a seamless backend that powers the rich social features and functionality of the web.

ResearchHub

On June 15, ResearchHub, an encrypted scientific research platform co-founded by Coinbase CEO Brian Armstrong and others, completed a $5 million Series A financing led by Open Source Software Capital, Boost VC, Bob Young from RedHat, Guillermo Rauch from Vercel, Amjad Masad from Replit Wait to vote.

ResearchHub is building a platform where anyone can earn cryptocurrency rewards by contributing new knowledge to the global scientific community. Users earn ResearchCoin (RSC) by posting content to ResearchHub. Proportional.

"Our web application hosts a suite of publishing and collaboration tools that help researchers draft new manuscripts and share them with the world," says a ResearchHub blog post. “Over time, we hope to iterate to a ResearchCoin reward structure that directs resources to the best and brightest on ResearchHub in a reliable, evidence-based manner.

The rest of the social/creator economy funding includes:

On June 15th, Web3 short video platform Cheelee completed a financing of US$10 million, and VC SILA participated in the investment. Cheelee has raised a total of $32.75 million in financing to date. Cheelee aims to promote the adoption of Web3 and cryptocurrency through the game player community. Users can watch and generate game video content through its "NFT glasses" to obtain Token incentives.

infrastructure

There are 3 financings in the field of infrastructure, with a total amount of more than 28.55 million US dollars, accounting for 13.92% of the total financing last week.

Connext Labs

On June 14, the interoperability protocol Connext Labs completed a financing of US$7.5 million at a valuation of US$250 million. Polychain Capital, Polygon Ventures, Coinbase Ventures, Ethereal Ventures, 1kx, Hashed and Scalar Capital participated in the investment. The new funds will be used to establish the Connext Foundation, which will be responsible for distributing development grants and funds to programs established by Connext.

Connext's mission is to enable developers to build dapps that any user can use, using any asset, on any chain. The hope is to go beyond simple bridging to power end-to-end application experiences that are natively cross-chain (and as easy to use as today's web applications).

It is reported that Connext said it is "building HTTP for Web3" to form a communication layer across different blockchain networks so that applications can interact with funds and data on multiple networks at the same time. Over 35 projects have been built or contributed to on Connext.

Ironforge

On June 13, Ironforge, the Solana ecological development platform, announced the completion of a $2.6 million Pre-Seed round of financing, led by Reciprocal Ventures, with participation from Hash3, 6th Man Ventures, Alchemy, Monoceros Ventures, and Portage Ventures.

It is reported that Ironforge aims to improve the developer experience and simplify the integration of the Solana blockchain with existing systems. Ironforge abstracts away this complexity, allowing Solana developers to focus on the unique and innovative aspects of their projects. Built on a low-latency, globally distributed edge runtime, the platform simplifies application integration and provides Solana developers with a set of high-demand features such as low-cost retrieval of indexed account data, RPC intelligent routing and failover, automatic resolution, Developer defined cache control and many other features.

“I’ve always been a firm believer that the potential of blockchain won’t be unlocked until web3 developers have access to frameworks and tools similar to what we’re used to in web2,” said Ironforge CEO Italo Casas. "We created Ironforge to ensure that developers need to do as little undifferentiated work as possible, and spend as much time and energy as possible on the things that make their products unique.

Digital Asset Management/Payment

There are 4 financings in the field of digital asset management/payment, with a total amount of more than 119.25 million US dollars, accounting for 58.13% of the total financing last week.

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On June 15, Poko, a Web3 payment solution, completed a $4.5 million seed round of financing, with participation from Y Combinator and others. Poko, a Web3 payment startup based in Singapore and Vietnam, was born after social commerce company Shoppa had to adjust its business model in March 2022.

It is reported that Poko aims to solve these problems by enabling the seamless transfer of assets from local payment rails to Web3 infrastructure. According to See, its B2B2C model means that most of its primary users are Web3 wallets, marketplaces, and decentralized applications and games. Poko is currently focusing on two products, an entry aggregator and direct checkout.

“The social commerce model we piloted relied too much on discounts to retain customers and let technology take a back seat,” Poko CEO and co-founder Geoffrey See told Tech in Asia in a recent interview. “We want to build something with technology at its core. Poko says it has more than 11 million active wallets using its payment rails in markets in Latin America, India and Southeast Asia.

BoomFi

On June 13, Web3 payment solution BoomFi completed a $3.8 million seed round of financing led by White Star Capital, with participation from Passion Capital, Blockchain Founders Fund, Kraken Ventures, GSR, and Aquanow. It is reported that BoomFi is an all-in-one solution for encrypted payments. From payment links to subscriptions, checkout, and invoicing, empower users to get paid wherever they want. BoomFi will use LayerZero's full-chain bridge Stargate Protocol to transfer assets across blockchains, and Aquanow will provide liquidity.

At BoomFi, our goal is to revolutionize business in the digital age with crypto payments. Our mission is to remove the complexity of chains, payment rails and currencies to provide a seamless and integrated experience for everyday users. Our goal is to make crypto payments as easy as using a card. Tech-capable businesses that BoomFi want to integrate into their own brand experience, and developers who want to embed crypto payment functionality into their products. Businesses can easily settle all payments in their preferred cryptocurrency and network, or settle in fiat currency to their bank accounts at the lowest possible price.

Other financing in the field of digital asset management/payment includes:

On June 15, the Spanish cryptocurrency trading platform Bit2Me completed a financing of US$15 million. Investcorp led the investment, and Telefnica Ventures, the investment arm of Spain's largest telecommunications company Telefnica, Stratminds VC, Cardano and YGG Fund participated in the investment. Bit2Me will use the proceeds to increase its market share in Spain and accelerate its expansion in Latin America.

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On June 13, Nebeus, a Barcelona-based cryptocurrency startup, completed a €1.2 million financing on equity crowdfunding site Seedrs. Meanwhile, Nebeus announced plans to launch its DeFi wallet. Founded in 2014, Nebeus is regulated by the Bank of Spain as a virtual asset service provider and cryptocurrency custodian, and has become an outsourced service provider for Modulr Finance, providing e-money accounts to its users.

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Other Financing

There were 2 other financings with a total amount of US$11.75 million, accounting for 5.73% of the total financing last week. include:

On June 14, French artificial intelligence startup Mistral AI has completed a seed round of 105 million euros ($113 million), led by Lightspeed Venture Partners. Such financing is valued at 240 million euros ($260 million), the sources said. It is reported that the company is a new company formed by researchers from former DeepMind and Meta companies. It will compete with OpenAI and Google in the construction, training and application of large language models and generative AI to develop generative artificial intelligence infrastructure. Plans to release its first text-based generative AI model in 2024.

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On June 12, Gensyn, a blockchain-based artificial intelligence computing protocol, completed a $43 million Series A round of financing led by a16z, with investment companies CoinFund, Canonical Crypto, Protocol Labs, Eden Block, and several AI and encryption experts. Angel investors in the field participated in the investment. BlockBeats previously reported that in March last year, Gensyn completed a $6.5 million seed round of financing led by Eden Block, with participation from Galaxy Digital, Maven 11, Coinfund, Hypersphere and Zee Prime.

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On June 14, TaxNodes, an encrypted tax service platform, completed a $1.6 million seed round of financing. ZebPay CEO Rahul Pagidipati, Shardeum CEO Nischal Shetty, CoinSwitch co-founder and CEO Ashish Singhal, Reflexical founder Ajeet Khurana and others participated. cast.

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On June 15, Sparkle, a Web3 astrology application with built-in Game-Fi and Social-Fi elements, announced the completion of the Pre-seed round of financing led by Folius Ventures. The specific amount has not yet been disclosed. Folius Ventures said it looks forward to working with teams from Snapchat, Instagram, Tencent, Facebook, and Cece (China's leading astrology community app) to gradually improve its Web3-enabled astrology product.

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