A total of 14 public financing events occurred in the crypto market last week, with a total of approximately US$55.12 million raised | Investment and Financing Weekly Report

Organized by: Luan Peng, RootData

According to incomplete statistics from RootData, between December 23 and December 29, 2024, a total of 14 public investment and financing events occurred in the blockchain and encryption industry, with a cumulative financing of approximately US$55.12 million.

From the perspective of track distribution, the projects that received financing are mainly distributed in the infrastructure and Defi tracks. Popular projects include decentralized AI infrastructure Swan Chain , stablecoin USDa issuer Avalon Labs , AI Agent project Sentient AI , and Web3 structuring and verification system The Grid .

In addition, RWA stablecoin protocol Usual completed US$10 million in Series A financing, led by Binance Labs and Kraken Ventures. Galaxy, OKX Ventures, Wintermute, IOSG Ventures, echo, Symbolic Capital, M^0, LeadBlock Partners, GSR and others participated in the investment.

(List of projects that raised more than $5 million last week, data source: Rootdata )

1. Infrastructure

Decentralized AI training network Nodepay completes second round of financing, totaling $7 million

According to Chainwire, decentralized AI training network Nodepay announced that it has completed its second round of financing, totaling US$7 million. Investors in the latest round of financing include IDG Capital, Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Etherscan founder Matthew Tan and CoinHako co-founder and CEO Yusho Liu. Nodepay’s previous investors include Animoca Brands, Mirana, OKX Ventures, JUMP Crypto and Tokenbay Capital.

According to reports, Nodepay is a decentralized AI training network dedicated to democratizing AI training through real-time data retrieval. By turning idle internet bandwidth into resources, Nodepay powers the next generation of AI models.

AI public chain ChainOpera AI completed US$17 million in seed round financing, led by Finality Capital and others

AI public chain ChainOpera AI completed a $17 million seed round of financing, led by Finality Capital, Road Capital and IDG Capital, with Camford VC, ABCDE Capital, Amber Group, Modular Capital, Sparkle Ventures, AimTop Venture, Wisemont Capital, LDV Partners, and Acequia Capital , PrimeSet, Plug and Play, and David Tse (Co-founder of BabylonChain), Sreeram Kannan Angel investors such as (Founder and CEO of EigenLayer) and Jeff Ren (early investor in AI and Web3) participated in the investment.

ChainOpera plans to release its flagship platform and mobile application with AI agents in the coming weeks.

ChainOpera AI is a groundbreaking L1 blockchain and AI operating system that enables co-creation and co-ownership of decentralized AI agents and applications. ChainOpera AI currently has more than 40 team members located in San Francisco, Los Angeles, New York, Singapore, Hong Kong, Seoul, Tokyo, Dubai, London, Greece and Germany.

Decentralized AI infrastructure Swan Chain completed US$2 million in financing, with participation from DWF Labs and others

According to official news, decentralized AI infrastructure Swan Chain has completed its latest round of financing of US$2 million, with participation from DWF Labs, Optimism Foundation and Promotony.

According to RootData , Swan Chain (formerly known as FilSwan) was launched in 2021 and is a decentralized infrastructure designed to accelerate AI applications. Leveraging OP Stack's Ethereum Layer 2 technology, Swan Chain combines Web3 with AI to provide a comprehensive solution covering storage, computing, bandwidth and payment. By leveraging underutilized computing power in community data center networks, Swan Chain can significantly reduce computing costs by up to 70% while monetizing idle computing assets.

Cross-chain DeFi protocol EYWA completed a new round of financing, with 1inch Lianchuang and Kenetic Fund participating in the investment

According to official news, the cross-chain DeFi protocol EYWA announced on the

It is reported that EYWA also received US$7 million in financing in May this year, led by Curve Finance founder Michael Egorov, with participation from Fenbushi Capital and others. In addition, it also received US$500,000 in funding from the TON Foundation. The new funds are planned to support its construction of low-cost Slippage DEX product CrossCurve.

2. Defi

Stablecoin issuer Avalon Labs completed $10 million in Series A financing, led by Framework Ventures

According to CoinDesk, Avalon Labs, the issuer of Bitcoin-based stablecoin USDa, completed a $10 million Series A round of financing, led by Framework Ventures, with participation from UXTO Management, Presto Labs and Kenetic Capital.

Avalon's goal is to evolve BTC from a digital store of value into a more active financial instrument that can serve many different purposes. In addition to stablecoins, Avalon also offers Bitcoin-backed loans, income-generating savings accounts, and credit cards.

RWA stablecoin protocol Usual completed US$10 million in Series A financing, led by Binance Labs and Kraken Ventures

RWA stablecoin protocol Usual completed a $10 million Series A round of financing, led by Binance Labs and Kraken Ventures. Galaxy, OKX Ventures, Wintermute, IOSG Ventures, echo, Symbolic Capital, M^0, LeadBlock Partners, GSR , etc. participated in the investment.

According to RootData, Usual is a stablecoin protocol. The USD it launched is a permissionless and fully compliant stablecoin backed by real world assets (RWA) 1:1. USUAL is a governance token. Allow the community to guide the future development of the network. Usual solves the current stablecoin market issues by redistributing profits to the community, rewarding token holders with actual revenue generated by RWA.

3. DePIN

MelosBoom completed Series B financing led by LBank Labs at a valuation of US$80 million, and reached strategic cooperation with WOO X Network

MelosBoom announced that it has received strategic investment from LBank Labs, with a post-investment valuation of US$80 million. MelosBoom is committed to promoting the process of decentralized computing and data transmission networks, continuing to unleash its potential in the fields of DePIN and DeIOE, and expanding the ecosystem.

At the same time, MelosBoom announced a strategic cooperation with the Web3 cross-chain liquidity solution WOO X Network. This cooperation will further improve the efficiency of MelosBoom's data transmission path and the in-depth coverage of application scenarios through WOO

WOO

4. AI

AI Agent project Sentient AI completes US$1.5 million in financing

The AI ​​Agent project Sentient AI completed US$1.5 million in financing. Sentient AI was incubated by GameFi.org and cooperated with Ape Terminal, Polkastarter and ChainGPT.

Sentient AI is about to launch Agent Launchpad, aiming to help investors optimize their AI tokens and obtain investment opportunities in the Web3 field.

Sentient AI introduces an artificial intelligence agent capable of thinking and feeling like humans, acting as both a chatbot and a personal assistant.

5. Others

Web3 structuring and verification system The Grid completes €600,000 in financing

According to Decrypt reports, Web3 structuring and verification system The Grid has completed 600,000 euros in financing, and investor information has not yet been announced.

The Grid is a Web3 structuring and validation system that uses the Four Eyes principle. Current ecosystems like Google Maps, the Grid aims to incorporate a more informative system.

SilentBerry announces strategic investment from CKB Ecological Fund

SilentBerry, a decentralized publishing platform based on the RGB++ protocol, announced that it has received strategic investment from the CKB Ecological Fund. SilentBerry’s model allows authors to engrave book content directly on the Bitcoin blockchain, converting ownership and income rights into digital assets. The platform is expected to be released on January 3, 2025.