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Source: Chain Catcher
Original title: What early stage projects are leading crypto venture capital institutions betting on recently? | 9.1-9.30
In this article, Chain Catcher will introduce the early projects betting on the recent (September 1-30), including basic information, official websites, related reports, etc., to help readers further understand the potential projects in the future.
1, Space ID
On September 2, the decentralized multi-chain domain name protocol SPACE ID completed a seed round of financing led by Binance Labs, and the specific amount of financing has not been disclosed.
Space ID is a common name service network that seamlessly connects people, information, assets and applications in the digital world. It supports multi-chain, is decentralized, censor-resistant, and is open source.
SPACE ID is building a common identifier that is decentralized, censored and open source. The Naming Service Network allows users to use a human-readable domain name to represent their identities in all separate DApps and blockchains. Each domain service is built around the following properties: a common username with multi-chain interoperability; a decentralized identity in a single source of fact (SSOT) system; a temporary oracle chain that enhances scalability and availability.
official website: https://space.id/
Related reading: "Binance Labs Leads SPACE ID’s Seed Round to Support the Universal Naming Service Network"
2, Reveel
On September 5, Reveel, the Web3 revenue sharing agreement, completed a US$1.3 million Pre-seed round of financing, and Binance Labs and others participated in the investment.
Reveel was founded by Adrien Stern, Swiss reggae musician and producer, and aims to automate revenue sharing and provides developers with an on-chain revenue reporting platform, a complete financial stack for Web3 collaboration.
Reveel was shortlisted for Binance Labs to launch its Season 4 hatch plan in May this year. In addition, Reveel cooperates with well-known ids in the Web3 music field, including Venice Music, Glass.xyz, wavWRLD, Chill.rx, BlackDave, Sammy Arriaga, and more. Reveal will also provide Early Access Membership NFT
official website to Web3 creators who want to become early adopters. Early Access Membership NFT
official website: https://www.r3vl.xyz/
Related reading: "Crypto Pitch Deck Binance Labs Invest Web3 Startup Raise Funding"
3, Dust Labs
September 6, Solana's ecological NFT service provider Dust Labs completed a $7 million seed round of financing, and Chapter One, FTX Ventures and others participated in the investment.
Dust Labs aims to provide NFT tools for projects on Solana and Ethereum, and its first product is the “scholarship” whitelist tool “y00tlist” displayed during the y00ts coin. Its founder has built DeGods, the NFT project with the highest market capitalization of Solana.
y00ts is a collection of 15,000 snowman-like PFP avatars created by the founding team of DeGods. The project has a transparent whitelisting system and has received applications from several well-known figures such as NFT influencer and football legend Wayne Rooney . The accepted applicant and DeadGod holder can cast “t00bs” and can burn it to obtain “y00ts”.
official website: https://www.dustlabs.com/
Related reading: "NFT Software Company Dust Labs Raises $7M During y00ts Release"
4, HotStreak
On September 8, Web3 sports betting platform HotStreak completed a US$9 million Series A financing, led by Polychain Capital, and other specific financing information has not been disclosed yet.
HotStreak is a Web3 platform for daily fantasy sports (DFS) competitions. It adopts the decentralized nature of blockchain to make it an ideal solution for the DFS platform. It currently provides NFL, NBA, MLB, WNBA and E-sports competitions. HotStreak’s distributed SHARP protocol is designed to solve problems from a payment and hosting perspective, and according to the company’s website, the payment settlement cycle on its platform is 10 seconds.
HotStreak currently only provides services to users in some areas where they are allowed.At the same time, recommendation rewards are provided to any player. That is, the friend invited to deposit and place a bet worth at least $10, and all referees will receive a $10 bonus.
official website: https://hotstreak.gg/
Related reading: "Polychain puts its money on HotStreak to streamline sports betting using blockchain"
5, Magpie Protocol
On September 8, the liquidity aggregation agreement Magpie Protocol completed a seed round of US$3 million, and Jump Crypto and others participated in the investment.
Magpie Protocol is a decentralized liquidity aggregation protocol for cross-chain exchanges designed to provide the best transactions for any asset across blockchain without directly bridging the asset.
Specifically, the Magpie protocol solves the above problems by facilitating cross-chain exchange without bridging. Magpie has completed a new architecture that mainly uses bridge as the data transmission layer for inter-chain switching signal communication. This allows users to initiate exchanges using stablecoin liquidity pools and Magpie liquidity aggregation protocols deployed on all chains to exchange required tokens.
official website: https://www.magpiefi.xyz/
Related reading: "Magpie Protocol Secures $3m in Seed Funding to Enable Seamless Cross-chain Swaps"
6, Hubble Protocol
On September 8, Hubble Protocol, a stablecoin lending protocol on Solana, completed a US$5 million strategic financing, led by Multicoin Capital.
Hubble is a decentralized finance (DeFi) protocol built on the Solana blockchain. During the first phase of development, Hubble is committed to enabling users to borrow USDH in a variety of assets (SOL, BTC, ETH, etc.). Borrowing USDH allows users to gain liquidity in their long-term token holdings.
In addition, users can earn agreement rewards by staking HBB, or profit from liquidation by depositing USDH in Stability Vault (formerly Stability Pool).
official website: https://hubbleprotocol.io/
Related reading: "Hubble Protocol raises $5 million in a strategic round led by Multicoin Capital"
7, Hooked Protocol
9 On September 9, Web3 social network Hooked Protocol completed a seed round financing, led by Binance Labs and Sequoia Seed Fund.
Hooked Protocol aims to build a community-driven social network with token economics design, helping Web2 users seamlessly transition to the Web3 ecosystem and build a growth infrastructure that decentralized applications (dApps) can achieve, allowing users to get a gamified experience.
Currently the team is integrating wallets and DIDs. Hooked Protocol will be launched first on BNB Chain, and will expand to other Layer 1 blockchains in the future and form a collaborative network to promote the community-owned economy and open innovation .
official website: https://hooked.io/
Related reading: "Binance Labs Co-leads the Seed Round for Hooked Protocol to Drive Community-Owned Economies"
8, Sender
9 On September 12, NEAR wallet Sender completed a US$4.5 million financing through token sales, led by Pantera Capital, and participated by Crypto.com, Jump Crypto, Amber Group and others.
Sender is a non-custodial wallet that allows users to exchange tokens instantly, stake them for potential rewards, and hold NFTs. Sender can also connect to hardware wallets such as Ledger and Keystone, as well as integrate encrypted portal services such as Moonpay, Banxa and Transak.
Future Sender plans to provide funds for wallets for institutional and enterprise users, transaction aggregators for NFTs, node staking and integration of multiple decentralized exchanges to improve the convenience of exchanging tokens.
official website: https://senderwallet.io/
Related reading: "Pantera Capital Leads $4.5 million round for NEAR-based wallet Sender"
9, Arpeggi Labs
29 On September 15, Web3 music creation platform Arpeggi Labs received a seed round of US$5.1 million, led by a16z Crypto, and participated in the investment.
Arpeggi is a collaborative Web3 music creation platform based on the ARP protocol that allows anyone to create, publish and mix any audio, aiming to change the way music is created, ensuring that it belongs to the right source when using the sound, while re-adjusting the creator’s incentives, not restricting creators from reusing existing artist music, but instead encourages use.
Currently, the Arpeggi platform has an unlimited community-sourced sample library that can be used to create, and there is also a fully functional DAW where users can mint songs and samples they create into shareable tokens.
official website: https://arpeggi.io/
Related reading: "Arpeggi Labs raises $5.1m led by a16z crypto to build open-source music creation"
10, Magna
On September 15, token management platform Magna completed a seed round of financing of US$15 million, led by Tiger Global and others, and Solana Ventures, Polygon Ventures, Avalanche Labs and Galaxy Labs participated in the investment.
Magna is building token distribution software to make it easier for protocols, DAOs and crypto funds to send and receive tokens. Its features include custom attribution schedules, multi-signature support, withholding and compliance, hosting integration, and more.
In addition, Magna plans to support blockchains such as Solana, Ethereum and some L2 and Aptos this year.
official website: https://www.magna.so/
Related readings: "Token Management Platform Magna Raises $15M Seed Round at $70M Valuation"
11, Salus Security
9 On September 19, blockchain security company Salus Security completed a seed round of financing, led by Binance Labs, and the amount of financing was not disclosed.
Salus Security is a blockchain security company that provides services such as smart contract auditing and automated smart contract vulnerability detection. Supported by its machine learning technology, Salus Security is able to verify the business logic of smart contracts with as little friction and effort as possible. It also automatically performs thorough inspections of smart contract code and data repositories, making blockchains more secure and more efficient. The core products of
Salus Security include but are not limited to: automatic smart contract vulnerability detection, support for multi-engine formal verification, symbol execution, mixed fuzz testing, etc. Smart contract audits help detect security issues such as denial of service (DoS) attack supervision, feature duplication, rounding errors, etc. Customized security services, including on-demand consultation, comprehensive penetration testing and on-chain asset tracking.
official website: https://salusec.io/
Related reading: "Binance Labs Leads Seed Round for Salus Security to Further Advance the Quality of Web3 Security"
12, Kwil
On September 23, decentralized database infrastructure provider Kwil completed a US$9.6 million financing, with FTX Ventures, DCG and others participating in the investment.
Kwil is a decentralized, community-owned SQL database solution for building advanced dApps and protocols, allowing developers to implement advanced dApp development in less time.
Kwil launches a decentralized, community-owned platform KwilDB, which is based on SQL, a standard programming language for interacting with large database . The solution allows developers to quickly execute complex queries across data sets and access data from other applications, reducing application development time.
official website: https://kwil.com/
Related reading: "FTX Ventures, DCG Back $9.6M Funding for Decentralized Database Solution Kwil"
13, TwitterScan
On September 24, DID social platform TwitterScan completed a seed round of $4.56 million, led by Redpoint Ventures, and participated by Sky9 Capital, UpHonest Capital, KuCoin Ventures and others.
TwitterScan was founded by MetaScan Labs to create a design-based investment tool designed for Web3, which will use this funding to accelerate the development of its DID ecosystem and lightweight social platform, and will work with CyberConnect and Link3 to develop .NFT DID social infrastructure and build Web3 domain name systems.
In the future, Twitterscan will open the API interface, and any developer can submit an application via email.
official website: https://twitterscan.com/
Related reading: "DID Social Platform TwitterScan raised $4.56 Mn Seed Round Led by Redpoint Ventures"
14, Harpie
On September 27, on-chain firewall provider Harpie completed a seed round of $4.5 million, led by Dragonfly Capital, and participated by Coinbase Ventures and OpenSea.
Harpie is designed to protect Ethereum wallet users, allowing them to build a "trusted network" composed of applications and users who they want to send tokens. Any transaction outside this network will be identified as theft and blocked, and Harpie will prevent on-chain attacks such as front-end attacks, phishing attacks, fake website scams, and accidental transfers.
Harpie recognizes malicious transactions by allowing users to establish a "trusted network" of protocols and peer points. If the user's wallet sends a transfer to someone outside of this trusted network, we will prevent the transaction from happening. Even after the front-end transfer is completed, when a malicious transfer or approval is detected, Harpie transfers user funds first to the vault by paying a higher gas fee.
official website: https://harpie.io/
Related reading: "Coinbase Ventures backs crypto firewall provider Harpie’s $4.5 million raise: Exclusive"
15, Coral
On September 27, the blockchain infrastructure Coral completed a $20 million financing, led by FTX Ventures and Jump Crypto.
Coral has built the Anchor blockchain development tool and plans to launch Backpack, an interactive wallet product that provides encrypted native experience through "Executable NFT (xNFT)". In which xNFT will act as a native application in Backpack (similar to WeChat applets), where users can access on-chain applications, games or asset portal sites in their wallets.
Currently, Backpack has released Private Beta version and open source code. Community members in Backpack Discord will receive priority access.
official website: https://www.coral.community/
Related reading: "Coral Closes $20M Strategic Round From FTX Ventures and Jump Crypto to Build Backpack"
16, Tactic
On September 27, crypto financial platform Tactic completed a US$11 million financing, led by FTX Ventures, and participated in the investment.
Tactic is designed to simplify cryptocurrency accounting efforts for businesses holding or interacting with digital currency , the platform provides a clear view of organizational funds and a powerful transaction audit trail in an accounting-friendly format. Tactic works seamlessly with existing hosting solutions such as Coinbase and traditional financial software such as QuickBooks.
Tactic is meeting the inbound needs of Web3 companies that are preparing for a new round of financing or audits, and partnering with other top-notch providers serving crypto backends, including Vouch, a startup insurance provider.
official website: https://www.tactic.com/
related reading: "Tactic Secures $11 Million in Funding to Help Businesses Streamline Crypto Accounting"
17, BitQuery
9 On September 27, blockchain data query platform Bitquery completed a seed round of US$8.5 million, led by Binance Labs and dao5.
Bitquery provides a set of software products that parse, index and store blockchain data in a unified way, democratize data access and solve pain points related to on-chain data. Its two main product lines are APIs and data analysis tools, covering more than 40 blockchains and providing use cases across vertical fields such as digital asset exchanges, DeFi protocol, government organizations, etc.
Specifically, Coinpath is a set of API endpoints that track funds from any source and destination, create fund flow charts, and transfers aggregated to addresses. GraphQL is an open source data query and operation language for APIs, and runtimes for completing queries using existing data.
official website: https://bitquery.io/
related reading: "Binance Labs Leads $8.5 Million Seed Funding for Bitquery to Support Development of Blockchain Data Solutions"
18, Eclipse
HD29 On September 28, General Layer2 Infrastructure Eclipse announced that it had completed a valuation of more than $15 million in Pre-seed and seed round financing, with Polychain Capital and others participating in the investment.
Eclipse is a customizable Rollup that is compatible with multiple Layer1 blockchain networks, helping blockchain scaling by increasing the throughput of the chain, which allows applications to handle more transactions within a given time frame.
The platform enables developers to deploy their own Rollup powered by the Solana operating system, using any chain for secure or data storage. Eclipse plans to launch a public testnet on the Cosmos ecosystem in early 2023, and plans to support Aptos' Move language in the future.
official website: https://eclipse.builders/
related reading: "Blockchain Infrastructure Project Eclipse Raises $15m To Build 'Universal Layer-2'"
19, Blowfish
9 On September 30, Web3 firewall technology provider Blowfish completed a US$11.8 million financing, led by Paradigm, and participated by Dragonfly, Uniswap Capital and others.
Blowfish is designed to help Web3 companies defend against cyber attacks and is committed to helping users easily identify and block fraud before they encounter fraud. In the future, wallet providers and custodians will be allowed to provide users with real-time warnings and human-readable transaction information.
Blowfish is currently available on the Solana, Ethereum and Polygon blockchains, and it plans to use the funds to expand to new systems and upgrade its fraud detection engine.
official website: https://blowfish.xyz/
Related reading: "Paradigm Leads $11.8M Funding Round Into Web3 Firewall Blowfish"
20, Hang
On September 30, Hang, a developer based on NFT marketing and membership system, completed a US$16 million Series A financing, led by Paradigm.
Hang aims to help brand companies use NFT and blockchain technology to establish new loyalty and membership programs, and hope to reshape their relationship with loyal consumers.
Hang provides a codeless contract builder, automated art generator and coin page builder to enable users to quickly and easily obtain NFT memberships quickly. In addition, Hang integrates the user's membership plan with CRM, POS, e-commerce stores, marketing software, etc. to enhance customer relationships.
Turn your customers into your interests
official website: https://www.hang.xyz/
Related reading: "Hang, an NFT-based loyalty startup, raised $16 million from investors like Paradigm, Mr. Beast, and Kevin Duranthamtml8. Check out the 10-slide pitch deck the startup used to secure the deal."
Editor: Lynn
