15 projects raise $1.055 Miden raises $25 million

Compiled by: Golden Finance

The biggest financing this week

Miden raised $25 million in seed rounds, with investors including Andreessen Horowitz (a16z crypto) , Hack VC , 1kx*, Finality Capital, Symbolic Capital (formerly Hyperedge Capital), P2 Ventures (Polygon Ventures), MH Ventures, Delta Blockchain Fund, as well as individual investors Avery Ching and Sreeram Kannan.

Miden is a blockchain platform with terminal first as its core concept, aiming to provide applications with a scalable, private and secure transaction experience. By moving execution and state management to clients, Miden overcomes the limitations of traditional blockchains in terms of scalability, privacy, and security. Users can execute and verify transactions on their own on the client side, thereby achieving full control over personal data and minimizing the assumption of trust.

Miden is written in Rust and supports native asset storage, promoting safer smart contract development while taking into account high performance and privacy protection. It reflects the way blockchain should work - scalable, private, and secure.

Pre-seed and Seed rounds of financing

aZen Protocol

Fundraising: US$1.2 million (seed round)
Investors: Waterdrip Capital*, DWF Ventures, Rootz Labs, Mindfulness Capital, Attention Ventures, Quantum Leap Labs, DePIN X, Open Digital Infrastructure Group (ODIG).

aZen Protocol is a decentralized, native AI-enabled computing infrastructure designed to convert idle computing resources into tokenable assets. By converting hardware and applications into dynamically splitable NFTs (dfNFTs), aZen enables users to monetize unused resources, thus supporting decentralized entity infrastructure networks (DePINs). This practice promotes the development of scalable AI applications and decentralized services, and drives a more efficient and accessible Web3 ecosystem.

Terminal 3

Fundraising: US$8 million (seed round)
Investors: Illuminate Financial*, Titan Fund*, IDG Blockchain, 500 Startups (500 Global), Animoca Brands, BlackPine, Progression Fund, Consensys Mesh, Cherubic Ventures, Hard Yaka.

Terminal 3 is a Hong Kong-based Web3 startup focused on decentralized data storage and provides an alternative to centralized systems to address the challenges facing enterprises in terms of privacy, compliance and security. With decentralized storage technology and ZK Proofs, Terminal 3 is committed to creating a fair Web3 environment that allows user data to be highly composable while confidential and secure.

Gata (formerly Aggregata)

Fundraising: US$4 million (seed round)
Investors: YZi Labs (formerly Binance Labs), Gate Ventures, IDG Blockchain, Maelstrom, Manifold, MH Ventures, Anti Capital, Formless Capital, V3V Ventures, Dewhales Capital, WAGMI Ventures, 071labs (Zero Seven One Labs), Echo.

Gata is a decentralized AI data infrastructure project that focuses on the "superalignment" problem, that is, ensuring that AI systems conform to human values. Gata provides tools such as DataAgents for decentralized verification and indexing of data, and supports AI model training. The project runs in the Cosmos ecosystem and combines NFT staking and revenue farm features, Gata RollApp has been launched on Dymension to enhance the practicality of NFTs. Gata’s goal is to democratize AI development through community-driven data governance and infrastructure.

Miden

Fundraising: US$25 million (seed round)
Investors: Andreessen Horowitz (a16z crypto) , Hack VC , 1kx*, Finality Capital, Symbolic Capital (formerly Hyperedge Capital), P2 Ventures (Polygon Ventures), MH Ventures, Delta Blockchain Fund, Avery Ching, Sreeram Kannan.

Miden is an edge-first blockchain that aims to provide applications with a scalable, private and secure transaction experience. By moving execution and state management to the client, Miden overcomes bottlenecks in traditional blockchains in terms of scalability, privacy, and security. Users can execute and verify transactions on their own on the client side, thus taking full control of their data and reducing the trust assumption. Miden is based on Rust development, supports native asset storage, promotes safer smart contract development, and achieves high performance and privacy protection.

ROVR

Fundraising: US$2.6 million (seed round)
Investors: Borderless Capital*, Geodnet*, IoTeX.

ROVR Network is a decentralized geospatial infrastructure protocol that supports real-time high-definition 3D map construction using LiDAR, cameras and RTK-GNSS technologies. The platform is designed for automated systems and spatial AI, transforming geospatial data collection into an open platform based on blockchain, encouraging participants to contribute data through token incentive mechanisms.

Other financing rounds

Fleek

• Funding amount : US$5 million (public offering)

• Investor : Not disclosed

Fleek is an “agentic Cloud” that provides developers, content creators and brands with one-stop solutions for building, managing and monetizing AI agents and virtual influencers. Positioned as the next generation of digital interactions after websites and applications, Fleek is tailored for AI native interactions, digital clones, social agents and marketing campaigns, providing a scalable and profitable AI cloud infrastructure.

Dinari

• Funding amount : US$12.7 million (Series A)

• Investors : Hack VC*, Blockchange Ventures*, VanEck, F-Prime Capital, Blizzard, Arete Capital, Factor Capital, GSR Ventures, Silvermine Capital

Dinari provides access to tokens backed by real-world assets such as Apple or Tesla stocks through its dShare platform. Users can obtain blockchain-based forms of these securities through the wallet of the Arbitrum network. The platform provides transparent on-chain transactions, immutable proof of ownership, compatibility with wallets and other blockchain products, and instant settlement capabilities.

Boop.fun

• Funding amount : Not disclosed (angel wheel)

• Investors : Raj Gokal, Mert, WereMeow, Francesco Agosti, 0xSun

Boop.fun is a Solana-based meme coin issuance platform where users can create and promote their own tokens (called "cult") in just a few steps. Initiated by NFT opinion leader Dingaling in May 2025, the platform integrates social media interaction and gamification incentives to promote the development of the viral community token ecosystem.

B² Network (Bsquared Network)

• Funding amount : US$300,000 (public offering)

• Investor : Not disclosed

B² Network is a practical Bitcoin Layer-2 solution that uses zero- knowledge proof verification and Rollup technology to improve transaction speed, reduce fees and expand application scope, while supporting Ethereum Virtual Machine (EVM) compatibility. The project aims to make Bitcoin a versatile platform that integrates seamlessly with a variety of financial services and decentralized applications.

ZAR

• Funding amount : US$7 million

• Investors : Dragonfly Capital*, Andreessen Horowitz (a16z crypto) , VanEck , Coinbase Ventures

ZAR is a digital wallet application that allows users to exchange cash into digital dollars, serving the transition from cash-based economies to Web3. Through the ZAR App, users can redeem at local merchants and use virtual or physical cards to make global payments, avoiding the risks brought by local currency fluctuations, and are simple and safe to operate.

Kaia (formerly Klaytn)

• Funding amount : Not disclosed

• Investors : Blockchain Capital*, 1kx*, Galaxy Digital, The Spartan Group, IDG Capital, Mirana Ventures, SNZ Holding, Comma3 Ventures, Caladan, LIF, Waterdrip Capital, MEXC Ventures

Kaia is a high-performance EVM-compatible Layer-1 blockchain, formed by the merger of Kakao's Klaytn and LINE's Finschia, committed to promoting the development of the Asian Web3 ecosystem. Kaia offers 1 second end game, low Gas fees, and can be integrated with mainstream communication tools such as KakaoTalk and LINE, supporting a variety of applications such as DeFi, gaming and real-world asset tokenization.

MilkyWay

• Funding amount : US$300,000 (public offering)

• Investor : Not disclosed

MilkyWay is the liquid staking protocol of the Celestia network, allowing users to pledge TIA and obtain milkTIA tokens representing the staking share, realizing asset liquidity. The protocol supports automatic compounding returns, and users can also use milkTIA to participate in DeFi. MilkyWay will launch the governance token MILK in the future, enjoying governance rights and pledge income dividends.

Camp Network

• Funding amount : US$25 million (Series A)

• Investors : 1kx*, Blockchain Capital*, OKX Ventures (formerly OKEx Blockdream Ventures), Lattice Fund, Paper Ventures, dao5, TrueBridge Capital, Selini Capital, Hypersphere, Maven 11 Capital, Protagonist

Camp Network is a Layer-1 blockchain dedicated to modernizing intellectual property (IP) infrastructure and providing verifiable IP support for next- generation AI agents. Users can register, own and cash out IP assets such as art, code, and music on the chain. The platform also integrates Web2 user data and supports modular digital identity to bring more personalized and immersive interactions to the Web3 experience.

Thru (Unto Labs)

• Funding amount : US$14.4 million

• Investors : Framework Ventures*, Electric Capital*

Unto Labs is developing a high-performance Layer-1 blockchain - Thru , emphasizing extreme scalability and development-friendliness. Created by former Solana core contributor Liam Heeger, the chain uses ThruVM, an innovative virtual machine based on RISC-V architecture, to bridge the gap between blockchain and traditional computing environments.

Ika (dWallet Labs)

• Funding amount : Not disclosed

• Investor : Sui Foundation

Ika is a high-performance parallel multi-party computing (MPC) network built on the Sui network, supporting cross-chain digital asset management and secure interoperability. With sub-second latency and over 10,000 TPS processing power, Ika provides infrastructure support for decentralized hosting, multi-chain DeFi, chain abstraction and AI proxy control through its 2PC-MPC protocol and Sui’s Mysticeti consensus.