Gameplay Galaxy has raised $11.17M in a Seed extension round co-led by Blockchain Capital and Merit Circle
Gameplay Galaxy has secured $11.17M in a seed extension round with a $71M valuation. Blockchain Capital and Merit Circle $BEAM co-led the round. Gameplay Galaxy is a Web3 game development studio that builds on the success of his previous venture, Deemedya.
Gameplay Galaxy is currently developing Trial Xtreme Freedom as its inaugural Web3 game. In 2022, it raised $12.8M in a seed funding round backed by Solana Ventures, Merit Circle, Yield Guild Games, Com2uS and others.
🔗 theblock.co/post/313258/gameplay-galaxy-crypto-funding-valuation
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Top Exchanges by Liquidations in last 7 days
The vast majority of the casualties were long positions last days, with more than $800M liquidated in total. Let’s take a look at the top exchanges by liquidations of longs and shorts within last week, according to Coinglass.com.
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Simon's Cat has burned $24M worth of $CAT tokens via FlokiFi Locker
Simon's Cat, a globally recognized animated series and hugely popular cat meme, has burned 900B $CAT tokens worth $24M (10% of total supply) via FlokiFi Locker. Moreover, Simon's Cat will airdrop 1.8T $CAT tokens (20% of total supply) to $FLOKI holders. The airdrop will be based on a snapshot to be taken on August 29th.
$CAT is the BNB Chain-based memecoin of Simon’s Cat, a globally recognized animated series and hugely popular cat meme.
Current $CAT price is $0.00002. Fully diluted market cap is $227B.
🔗 x.com/SimonsCatMeme/status/1828139043961610675
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Nectar AI has raised $3.9M in a Seed funding round co-led by Mechanism Capital and Karatage
Nectar AI, an immersive AI companionship platform, has raised $3.9M in a seed funding round co-led by Mechanism Capital and Karatage. Other investors in the round include Synergis, Maelstrom, Builder Capital, Baboon, Decima and angel investors such as Tekin Salimi and George Lambeth (Dao5), Albert Chon (co-founder at Injective), Charles Lu (co-founder at Espresso Systems). Nectar AI allows users to create uncensored and replicable multimodal AI companions in either a realistic or anime style.
🔗 finance.yahoo.com/news/nectar-ai-raises-3-9m-130000526.html
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Fetch [FET] launches the Innovation Lab with $10M fund for startups
Fetch $FET, a decentralized machine learning platform, is launching a hub in San Francisco, California to advance artificial intelligence technology. Fetch will allocate $10M in annual funding for projects using the platform to build AI agents. Funding will be milestone-based, with a $1M cap per project.
The new hub will onboard early-stage startups working on AI agent solutions — software that uses artificial intelligence to perform specific tasks or make decisions for users or other systems.
Chainbound has raised $4.6M in a Seed funding round led by Cyber Fund
Chainbound, the crypto research and development company, has raised $4.6M in a seed funding round led by Cyber Fund. Other investors in the round include Maven 11, Robot Ventures and Bankless Ventures.
Chainbound is developing a protocol called Bolt, which will enable cutting-edge preconfirmations on Ethereum — allowing for sub-second transaction confirmations, significantly speeding up the current average seven-second confirmation period.
🔗 theblock.co/post/313012/ethereum-firm-chainbound-raise-transaction-preconfirmation-protocol-bolt
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Top 7 Crypto Fundraising Rounds of the Week
Let’s take a look at the top 7 biggest private crypto fundraising rounds completed in the previous week, backed by crypto venture investors including a16zcrypto, Polychain Capital, 1k(x), HackVC, Paradigm, Binance Labs and others.
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Top Upcoming Events of the Next Week
We compiled a list of top important upcoming events of the next week (Aug 26th - Sep 1st) among blockchain projects, including Dogs $DOGS, CARV $CARV, Orderly Network $ORDER, Sharpe AI $SAI, Self Chain $SLF, Optimism $OP, and Aethir $ATH. Stay tuned!
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Binance Labs-backed Babylon has launched the first phase of self-custodial Mainnet
Bitcoin staking protocol Babylon has launched phase one of its self-custodial mainnet. Now, Babylon users can stake BTC via smart contracts. The platform has already amassed 12,710 stakers performing over 20,600 staking delegations.
Babylon Bitcoin staking mainnet launch leads to the third native use case for Bitcoin, the asset, alongside value storage and simple payments: staking to secure PoS networks and earn rewards.
Magic Eden has announced upcoming launch of ME token
NFT marketplace Magic Eden will adopt the forthcoming utility token called $ME, which is being developed by the ME Foundation and will be launched at a later date. $ME will be an ecosystem and utility token for consumers to use on Magic Eden, in addition to potential utilization in third-party protocols. Moreover, $ME tokens will enable cross-chain trading on the Solana-based Magic Eden platform.
Magic Eden is a multi-chain NFT, inscriptions and Runes marketplace. Previously, it raised $160M in three funding rounds backed by Electric Capital, Paradigm, Sequoia Capital, Solana Ventures and Lightspeed Venture.
🔗 x.com/MeFndn/status/1826621433138524191
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XION launches Chain Abstraction for MultiversX [EGLD]
XION is integrating with MultiversX, bringing Chain Abstraction to MultiversX’s growing ecosystem of Sovereign Chains. By integrating XION's Chain Abstraction, Sovereign Chain builders will be able to offer their users the opportunity to initiate cross-chain transactions and engage with applications across other major ecosystems XION has integrated with, such as Solana, BNB Chain, AVAX, SAGA, Injective, Neutron, and Hyperlane.
Sovereign Chain builders will also be able to grow by leveraging XION’s active user base of over 3M as XION users will have unbridled access to the wide range of novel applications built on MultiversX.
SatLayer has raised $8M in a Pre-Seed funding round co-led by Hack VC and Castle Island Ventures
SatLayer has secured $8M in a pre-seed funding round co-led by Hack VC and Castle Island Ventures. Other investors in the round include Franklin Templeton, OKX Ventures, Mirana Ventures, Amber Group, Big Brain Holdings, and CMS Holdings.
With SatLayer, users can now restake their Bitcoin and Bitcoin liquid-staking tokens that are minted on Solv Protocol, Lombard, Bedrock, pStake and PumpBTC and use secure BVSs.
Stork Network has raised $4M in a Seed funding round led by Lightspeed Faction
Stork Network, a Web3 oracle provider, $4M in a seed funding round led by Lightspeed Faction. Other investors in the round include Lattice, CMS and Wintermute. Stork Network aims to create easier, cheaper and more flexible on-chain data options for decentralized protocols.
One tool the firm is developing for this is The Open Data Market which connects data publishers with protocols, decentralized applications and other data consumers through a Composite Oracle Service.
🔗 theblock.co/post/312521/web3-oracle-provider-stork-network-raises-4-million-in-seed-funding
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KIP Protocol [KIP] has announced a partnership with Nuklai [NAI]
KIP Protocol $KIP has teamed up with Nuklai $NAI, a Layer 1 blockchain infrastructure provider for data economies. By incorporating Nuklai’s data expertise, the partnership enhances the development of AI-ready KBs, ultimately benefiting businesses, researchers, and AI value creators. Nuklai’s integration into KIP enhances the quality and accessibility of data for AI training and knowledge base development.
KIP Protocol is an open-source Web3 framework designed to facilitate the creation, management and monetization of decentralized knowledge assets for AI applications. It has raised $5M in a funding round backed by Animoca Ventures, Tribe Capital, GBV Capital, Morningstar Ventures, DWF Ventures, Kyros Ventures, K300 Ventures, New Tribe Capital, and ZBS Capital.
🔗 kip.pro/blog-posts/nuklai-partnership
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Base derivatives protocol BSX has raised $6.2M in Pre-Seed and Seed funding rounds
BSX Exchange has raised $6.2M in pre-seed and seed funding rounds. The latest seed round, worth $4M, was led by Blockchain Capital. The pre-seed round, which raised $2.2M a year ago, is being announced together with the seed round. Investors across the two rounds include Base, Bankless Ventures, No Limit Holdings, Cadenza Ventures, CMS, Breed VC and Maelstrom.
BSX also plans to launch a Layer 3 network on Base to optimize the on-chain BSX order book. The BSX token is expected to launch around November or December.
Microsoft-backed Space and Time has raised $20M in a Series A funding round
Space and Time Labs has secured $20M in a Series A funding round co-led by Framework Ventures, Lightspeed Faction, Arrington Capital and Hivemind Capital. Other investors in the round include M12 - Microsoft's Venture Fund, DCG, F-Prime Capital, OKX Ventures, Circle Ventures and Alumni Ventures.
Space and Time released Proof of SQL in June, calling it the first sub-second zero-knowledge coprocessor that unlocks trustless data processing at scale.
Sharpe AI [SAI] has conduced initial listing on MEXC, Gate, Uniswap, and BingX
Sharpe AI $SAI has been initially listed on MEXC, Gate, Uniswap, and BingX today, on August 27th, at 13:00 UTC. Sharpe AI is an institutional-grade crypto superApp, serving as a unified frontend for intelligence, tracking and investing in digital assets. It is backed by Animoca Brands, GBV Capital, Morningstar Ventures, Maven Capital, Metabros, Contango Digital Assets and others.
Moreover, Sharpe AI has announced an allocation of 130M
$SAI
(13% of token supply), which will be divided across multiple airdrop seasons.
Top Ethereum Layer 2 Projects by Total Value Locked
The total value of assets locked in Ethereum Layer 2 systems is almost $38B at the moment, according to L2BEAT. Let’s compare the top Layer 2 projects by current TVL in USD, including Arbitrum $ARB, Base, Optimism $OP, Blast $BLAST, Mantle $MNT, Scroll, zkSync Era $ZK, Linea, Starknet $STRK, Manta Network $MANTA and others.
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Top Solana Protocols by Total Value Locked
The total value of assets locked in Solana $SOL is around $5.4B, according to DefiLlama.com. Let’s compare the top DeFi-protocols on Solana by current TVL in USD including Jito $JTO, Kamino $KMNO, Marinade $MNDE, Jupiter $JUP, Raydium $RAY, Sanctum $CLOUD, Drift $DRIFT, marginfi, BlazeStake $BLZE, Meteora, and others in order to evaluate their adoption scale.
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Top 7 Biggest Token Unlocks in the Next 7 Days
Monitoring of vested tokens and future unlock events is an important step to make more cautious and, in the end, better trading decisions. Let’s take a look at this and some other biggest unlocks coming in the next 7 days, including $OP, $ZETA, $DYDX, $WLD, $PORTAL, $EDU and $PRIME according to CryptoRank.io.
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AutoLayer [LAY3R] has announced the integration with Linea L2
AutoLayer #LAY3R will integrate with Linea, a Consensys-powered Ethereum L2 $ETH scaling network. Through this integration, AutoLayer will launch a series of restaking products ready for Linea users.
AutoLayer is the LRTfi hub on Arbitrum, which offers one-click liquid restaking and staking along with other DeFi strategies and incentives. Previously, AutoLayer announced its IDO on Poolz Finance. IDO price is $0.65, at $20.8M valuation. Initial market cap is $435K.
🔗 x.com/AutoLayer/status/1828017464510455811
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Sharpe AI [SAI] will be initially listed on MEXC, Gate, Uniswap, and BingX tomorrow, on August 27th
Sharpe AI $SAI will conduct initial listing on MEXC, Gate, Uniswap, and BingX tomorrow, on August 27th, at 13:00 UTC. Moreover, Sharpe AI has announced an allocation of 130M $SAI (13% of token supply), which will be divided across multiple airdrop seasons.
Previously, Sharpe AI conducted IDOs on Ape Terminal and AIT Launchpad. IDO price is $0.02. Initial market cap is $1.62M.
Sharpe AI [SAI] has introduced AI-powered crypto search engine on TON blockchain - Brownian
Sharpe AI launches Brownian, an AI-powered crypto search engine mini app built on the TON blockchain $TON. Brownian is designed to address the problem of crypto information overload by leveraging advanced AI technology. It provides users with accurate and up-to-date crypto data, processed by sophisticated AI, right where they chat.
Previously, Sharpe AI conducted IDOs on Ape Terminal and AIT Launchpad and rescheduled its initial listing on Gate and MEXC to August 27th. IDO price is $0.02. Initial market cap is $1.62M.
Binance Labs has invested in top projects from Most Valuable Builder [MVB] VII program
Binance Labs $BNB has invested in top-performing projects from the seven season of its Most Valuable Builder (MVB) program, an accelerator program focused on growing the BNB Chain ecosystem. The four high-performing projects in the latest season of MVB program include Aggregata, Opinion Labs, SideKick and Vooi.
Participants of the MVB accelerator program received personalized mentorship from experts at BNB Chain, CMC Labs, and Binance Labs, as well as access to the BNB Chain Launch-as-a-Service package. Previously, Binance Labs has introduced 13 projects from Most Valuable Builder VII Accelerator Program.
🔗 bnbchain.org/en/blog/binance-labs-invests-in-four-exceptional-projects-from-bnb-chains-mvb-season-7
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Top Blockchains by Number of Transactions in last 7 days
Let’s compare the top blockchains by number of transactions registered on-chain and average daily active addresses in last 7 days, according to Artemis.xyz, in order to evaluate their current adoption and performance.
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Grayscale has launched a new investment trust focused on AVAX token
Grayscale has introduced an investment trust for the $AVAX token. This new investment vehicle aims to offer accredited investors exposure to AVAX, the native token of Avalanche's blockchain network.
The launch of Grayscale Avalanche Trust highlights Grayscale’s ongoing commitment to providing investors with innovative opportunities to access exciting developments in the crypto ecosystem.
Top BNB Chain Protocols by Total Value Locked
The total value of assets locked in BNB Chain $BNB is around $4.4B, according to DefiLlama.com. Let’s compare the top DeFi-protocols on BNB Chain by current TVL in USD, in order to evaluate their adoption scale.
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Binance-backed restaking protocol Puffer has announced TGE in Q4 2024
Puffer Finance has introduced its roadmap, which states that TGE will take place in Q4 of 2024. In the coming weeks, Puffer will conduct rewards for validators and a testnet launch of UniFi. Moreover, other plans for Q4 include the ability to withdraw from the platform, launch a second version of Puffer, and launch AVS and UniFi on the mainnet.
Puffer is a native liquid restaking protocol ($1.34B in TVL), which is a combination of ETH liquid staking and native restaking on EigenLayer. It has raised $24.27M in five funding rounds backed by Lemniscap, Faction, Animoca Brands and received a strategic investment from Binance Labs.
🔗 x.com/puffer_finance/status/1826331327936737505
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Lympid [LYP] has integrated Chainlink’s tokenized asset infrastructure
Lympid $LYP partners with Chainlink $LINK, a provider of real-world data to blockchains, to bring the tokenized asset infrastructure to its RWA platform. By integrating the industry-standard Chainlink CCIP and proof of reserves, Lympid can offer a secure and composable method for accessing tokenized RWAs.
Previously, Lympid $LYP announced its token sale on Polkastarter. IDO price will be $0.12. Fully diluted valuation on IDO price is $12M.
Skyfire has raised $8.5M in a Seed funding round backed by Ripple
Skyfire, a financial stack designed for the AI economy, has raised $8.5M in a seed funding round. Investors in the round include Arrington Capital, Brevan Howard Digital, Sfermion, Circle, Draper Associates, Gemini, Ripple, FBG, ARCA, Neuberger Berman, RedBeard Ventures, and others.
Moreover, Skyfire has launched its payment network to enable fully autonomous transactions across AI Agents.