Bitcoin infrastructure platform RunesFi completes $400,000 in financing, with participation from Cogitent Ventures and others
Bitcoin infrastructure platform RunesFi announced the completion of a $400,000 financing round, with participation from Cogitent Ventures, Oddiyana Ventures, Lavender Capital, WeeHODL, Zephyrus Capital, and Samurai Starter. RunesFi uses the Runes protocol to enhance DeFi functionality, aiming to build the first decentralized exchange (DEX) on Runes, carving machines for creating and distributing new runes, and various infrastructure products to support the Bitcoin DeFi ecosystem, laying the foundation for large-scale adoption of DeFi on Bitcoin.
This year, there have been more than 90 Bitcoin ecosystem-related financings
There have been more than 90 financing transactions related to the Bitcoin ecosystem since 2024, setting a new record for the highest number of financing transactions in a single year in Bitcoin's history. Kyle Samani, Managing Partner at Multicoin Capital, pointed out that with the emergence of the Bitcoin Taproot upgrade and the Ordinals protocol, the Bitcoin ecosystem is experiencing a "developer renaissance". For some developers, building financial tools on Bitcoin is more attractive because it is the oldest and most secure blockchain. Multicoin Capital's investment trend is reportedly shifting from Solana to the Bitcoin ecosystem. The venture capital firm has invested in projects such as Solana Labs and StarkWare, but recently participated in the funding of the Bitcoin-native music platform Arch Network and the Bitcoin scaling network Mezo.
Web3 social focus application Focus Tree completes $2 million seed round
Web3 social-focused application Focus Tree announced the completion of a $2 million seed round of financing, with Sfermion leading the investment and Volt Capital, Psalion VC, StarkWare, Typhon Ventures, Foresight Ventures, and others participating.
Decentralized settlement protocol Kima Network completes new round of financing, Connectico Capital participates
The decentralized settlement protocol Kima Network has completed a new round of financing, with Connectico Capital participating and forming a strategic partnership. The specific financing amount and valuation information have not been disclosed. Kima is a blockchain-based decentralized settlement protocol aimed at solving fragmentation issues in cryptocurrencies and the wider financial industry. Connectico can help promote the project's listing on top centralized exchanges (CEX) and decentralized exchanges (DEX), as well as assist in ensuring listing on Launchpad. The two sides will also work together to carry out a series of joint marketing activities and promote the development and expansion of Kima's solution.
Rune Analysis Infrastructure Protocol SatScreener Completes $500,000 Pre-Seed Round of Funding, Led by Sora Ventures
Rune analysis infrastructure protocol SatScreener has completed a $500,000 pre-seed round of financing, led by Sora Ventures.
Prem Labs, an AI company founded by decentralized AI platform SingularityNET, completes $14 million seed round of financing
Decentralized AI platform SingularityNET co-founder Simone Giacomelli's new AI company Prem Labs has completed a $14 million seed round of financing, with investors including David Maisel, founder of Marvel Studios, Fan Zhang, co-founder of Sequoia Capital China, and Alan Lipschitz, founder of Incubeta. David Maisel has been appointed as a member of Prem Labs' advisory committee. Prem is committed to democratizing AI model creation, enabling businesses and individuals to train, deploy, and own their own AI models. According to LinkedIn, Simone Giacomelli served as co-founder of SingularityNET from June 2017 to June 2019.
Decentralized Internet Synchronization Network Multisynq Completes $2.2 Million Seed Round, Manifold Leads Investment
Decentralized internet synchronous network Multisynq announced the completion of a $2.2 million seed round of financing, led by Manifold. ARKN Ventures, PHD Capital, EnigmaFunge, AlphaCrypto, Republic Crypto, as well as angel investors gmoney.9dcc and nani participated. The project has not yet disclosed any relevant valuation information. Multisynq allows individuals to sell excess internet bandwidth to developers to create a unified online experience, monetize it, and connect Synqers and Coders, allowing anyone to participate as a Synqer and receive rewards, while providing low-latency, synchronous connections for multiplayer games and applications built by Coders on the network.
Human-computer interaction AI protocol bythen completes $3 million seed round financing, with East Ventures and others participating
Bythen, an AI protocol for human-machine interaction based on Ethereum, announced the completion of a $3 million seed round of funding, with participation from East Ventures, BEENEXT, ED3N, GuildFi Global, Dingaling, Grail.eth, GiulioX, and others. It is reported that bythen is building an AI product protocol that can create autonomous 3D avatars driven by artificial intelligence.
Crypto social protocol MadFi completes $1 million angel round of financing
MadFi, a crypto social protocol, announced the completion of a $1 million angel round of financing, led by PTC Crypto, with participation from Social Graph Ventures, Avara, and a group of angel investors.
Messari: Financing in the first quarter of this year fell 23% month-on-month
Messari stated in an article that the financing amount in the first quarter of 2024 decreased by 23% compared to the previous quarter, mainly due to the abnormal financing dominated by Bitcoin miners in the fourth quarter of last year in November.
