Dates: 12 Feb 2024 – 18 Feb 2024 This week’s notable funding rounds:
MetaStreet: Raised $25M in funding from Gmoney, MrBlock, Andrew Kang, DCF God, dingaling, Altcoin Sherpa, Jae Chung, 0xSisyphus, Spencer. MetaStreet operates as a decentralized interest rate protocol for the Metaverse, aimed at autonomously growing the GDP of emerging virtual economies.
Analog: Raised $16M in Seed funding from Tribe Capital*, NGC Ventures (NEO Global Capital), Wintermute, and others. Analog is a sovereign blockchain built on Delegated Proof-of-Stake (DPoS) consensus algorithm, with the Timechain as its core, facilitating dApp communication and data exchange in a decentralized manner.
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Lava Network: Secured $15M in Seed funding from investors including Jump Capital, Tribe Capital, Hashkey Capital*, North Island Ventures (NIV), Dispersion Capital, and others. Lava Network operates as a modular data access layer for blockchains, introducing specs as a modular primitive to integrate new chains and data services seamlessly.
OVERWORLD: Secured $10M in Seed funding from investors including Hashed, The Spartan Group, Sanctor Capital, Galaxy Interactive, and others. OVERWORLD is a game development studio partnering with blockchain games publisher Xterio to create a web3 free-to-play action-RPG with anime-inspired artwork.
WITNESS: Raised $3.5M in Seed funding from HAUN Ventures*, Coinbase Ventures, and individual investors. WITNESS is a Web3-enabled system that unlocks ownership and incentives at Web2 scale, facilitating the creation of verifiable provenance and issuance of digital ownership for data.
Watches io: Raised $1.9M in Pre-seed funding from Lemniscap*, Builder Capital, Soft Holdings, Darkside Capital, and others. Watches io operates as the first end-to-end tracking and trading ecosystem for luxury watches, functioning as a Web3-based peer-to-peer marketplace.
Drosera: Raised $1.6M in Pre-seed funding from various investors including Anagram*, Arrington Capital, UDHC, Comfy Capital, Bodhi Ventures, Metamatic, BaseDAO, Asymmetric fund, Zeal Capital, Everstake, and others. Drosera functions as a decentralized incident response protocol, addressing and mitigating exploits by leveraging hidden security intents.
DePHY: Secured an undisclosed amount in a Seed funding round from Blockchain Builders Fund (BBF), Foresight Ventures, IoTeX, Paramita, FutureMoney Group, Waterdrip Capital, DefinanceX, PAKA, Candaq Fintech Group. DePHY offers an all-encompassing DePIN framework designed to streamline and reduce the cost of DePIN project development, establishing a verifiable Web3 Infrastructure.
