Blockchain industry financing overview last week

Last week, there were a total of 11 investment and financing events in the global Blockchain sector, with a total funding scale exceeding $107 million. In addition, the total amount of financing for publicly listed companies' crypto asset reserves exceeded $635 million. The main investment and financing situations are as follows:

• There is 1 incident in the DeFi sector: the tokenized money market fund platform Spiko has completed a $22 million Series A funding.

• There are 2 events in the Web3 gaming sector: one of which is the Web3 fantasy football game Football.Fun completing a $2 million funding.

• In the Web3+AI field, there is an event: XerpaAI completed a $6 million seed round financing.

• There are 5 incidents in the infrastructure and tools sector: among them, the decentralized messaging protocol XMTP completed a $20 million Series B funding.

• Other application areas have 1 incident: The blockchain-based travel platform Blockskye has completed a $15.8 million Series C financing.

• There is one incident in the centralized finance sector: stablecoin bank Dakota has completed a $12.5 million Series A funding.

DeFi

The tokenized money market fund platform Spiko has completed a $22 million Series A financing. The platform focuses on providing tokenized money market fund services for European enterprises, allowing users to obtain daily returns by investing in low-risk assets such as Eurozone and U.S. government bonds. The platform employs blockchain technologies such as Ethereum and Arbitrum and has currently processed over $900 million in liquid funds. The company plans to collaborate with financial institutions, aiming to exceed $1 billion in asset management by 2025.

Web3 Games

Web3 fantasy football game Football.Fun has completed a $2 million funding round. The platform is a Web3 fantasy football platform where player cards can be traded like digital currency. Users can build teams using player card packs, participate in tournaments, and trade player shares through an AMM-based dynamic market.

Global mini-game platform PlaysOut has received strategic investment from a certain trading platform. PlaysOut is a global mini-game infrastructure and distribution platform aimed at embedding modular game systems into super applications. It will build a bridge between web2 and web3 through mini-games, achieving seamless monetization, user growth, and cross-ecosystem expansion.

AI

The artificial intelligence growth platform XerpaAI has completed a $6 million seed round of financing. The funds will be used for product innovation, international expansion, and strategic recruitment. XerpaAI focuses on AI and social networks, aiming to enhance user acquisition, brand influence, and distribution efficiency for innovative enterprises in the Web3 and AI sectors. Currently, XerpaAI has operational teams in Silicon Valley, Tokyo, and Singapore, and is engaging in deep cooperation with key ecosystem partners in the Blockchain and AI industries.

Infrastructure and Tools

The decentralized messaging protocol XMTP has completed a $20 million Series B funding round. The XMTP protocol has now been integrated into a newly launched application by a trading platform, upgrading from an optional feature to core infrastructure. This protocol provides end-to-end encrypted communication services, supporting secure interactions between wallet addresses, and the testnet was launched in February this year. The development company stated that it will expand its team size to promote the mainnet launch and ecosystem development.

The privacy finance protocol AI Cross Matrix has completed a $12 million seed round financing. The protocol utilizes ZKP( zero-knowledge proofs ), ring signatures, and AI-based routing obfuscation technology, aiming to build a tracking-resistant cross-chain asset transfer infrastructure.

The crypto infrastructure company Function has completed a $10 million seed round financing. The company is dedicated to developing institutional-grade yield solutions for Bitcoin. Function's core product FBTC is a fully reserved, composable Bitcoin derivative asset, with a total locked value of 15 billion USD. This product allows institutional users to allocate Bitcoin to yield scenarios while maintaining custody control and 1:1 asset backing.

Web3 smart layer W3.io has completed a $7 million seed round financing. The alliance is building a programmable smart automation network Prodigy Network, aimed at lowering the threshold for enterprises to use blockchain technology. The CEO of W3.io stated that the project is committed to developing plug-and-play business solutions covering global micropayments, mortgages, and other scenarios.

The stablecoin payment service platform KUN has completed its Series A financing, with a total fundraising amount exceeding 50 million USD.

Other Applications

The blockchain-based travel platform Blockskye has completed a $15.8 million Series C financing. The funds will be used to expand into European, Latin American, and Asian markets, and to develop real-time payment products based on stablecoins. Blockskye connects directly with suppliers such as airlines through blockchain technology, helping corporate clients reduce travel costs. The company claims its platform can reduce travel expenses by 14.5% and achieve an 84% savings on agency fees. Currently, the team has over 40 members and plans to add 30 positions in technology, sales, and other areas.

Centralized Finance

Stablecoin bank Dakota completes $12.5 million Series A financing. Dakota enables fund transfers through stablecoins, providing bank account-like services for businesses and individuals. Its business model combines traditional banking functions with Blockchain technology, primarily serving overseas enterprise users in non-crypto sectors. The platform has processed $1.6 billion in transaction volume and is expected to reach $4 billion by the end of 2025. Although it does not hold a banking license, the company is registered as a money service business in the United States and Europe.