Dates: 07 – 13, Jan 2024 This week’s most impressive capital infusion:
This week’s most impressive round of funding saw Tune FM soar to new heights, raising a whopping $20 million from LDA Capital. The innovative web3 platform, which offers decentralized music streaming and NFT marketplaces, is disrupting the traditional music industry by providing instant streaming royalties and empowering artists to earn more than ever before. With the ability to promote songs, expand their fanbase, and mint music collectibles as NFTs, Tune FM is revolutionizing the way music is consumed and artists are compensated. And with the use of the JAM token, this platform is sure to take the music world by storm.
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But Tune FM was not the only standout in this week’s funding rounds. Particle, a permissionless leverage trading protocol, raised an undisclosed amount in a Seed round from top investors such as Polychain Capital and Nascent. And Kasu, a groundbreaking Real World Asset lending protocol, secured $3 million in funding from a stellar lineup of investors, including Woodstock, Morningstar Ventures, and Faculty Group. This joint venture combines Web3 and traditional finance technologies to optimize business cash flows and provide superior risk management and high-quality yields in decentralized finance.
Altitude, a protocol that automates and optimizes collateralized loan management in real-time, raised $4 million in a Seed round from a diverse group of investors, including Tioga Capital Partners and Owl Ventures.
Meanwhile, TrendX, an AI-powered platform for intelligent trading, secured $1 million in funding from Web3Link and Coresky, among others.
And Rocket3, a user-centric platform for on-chain transactions, received $1.2 million in funding from SOSV. With its hybrid solution and advanced AI tools, Rocket3 aims to enhance the trading experience and reduce transaction costs for users.
Befy Protocol, a decentralized bridge that enables cross-chain transactions between Bitcoin and EVM-compatible networks, raised $234,000 in a Seed round from notable investors like Zephyrus Capital and AlfaDAO.
And last but not least, CharacterX, a decentralized AI social network, raised an impressive $2.8 million in funding from Lightspeed, INCE Capital, and other prominent investors. With its unique concept of interacting with diverse AI characters, CharacterX is redefining social media and providing an immersive and secure virtual companionship experience.
In summary, this week’s funding rounds showcased some of the most innovative and disruptive startups in the Web3 and decentralized finance space. With groundbreaking technologies and impressive investors backing them, these companies are set to make a significant impact on their respective industries. The future is bright for these startups, and we can’t wait to see what they will achieve next.
