DEBUNK(web3 Research)

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Codex, a stable coin-specific L1, raises $15.80M, Jupiter acquires DRiP, and Mahojin, an AI image remixing protocol on Story, raises $5M【Fundraising PJ Summary】

25 Funding PJs from 3/29~4/4

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mitsui
Apr 05, 2025
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Good morning.
Mitsui from web3 researcher.

Today's edition of "Fundraising PJs for the week ahead" is a summary of the week's fundraising PJs.


💥Top 5 projects in terms of proceeds

1,Codex

  • Overview:A Layer 1 blockchain built on the OP stack, hosted by Conduit, and built specifically for stable coin-based finance.CodexChain, Codex API, and Codex FX to facilitate global stablecoin settlement and FX markets.Modular multi-chain architecture also enhances on-chain computing for AI, DePIN, and DeFi applications.

  • Category: Stablecoin

  • Raised amount:$15.80M

  • Investment Round:Seed

  • 投資家:★Dragonfly Capital、Coinbase Ventures、Wintermute、Selini Capital、etc.

2、Ultra

  • Overview: A gaming platform that leverages blockchain technology to provide an integrated ecosystem for gamers, developers and creators.It aims to redefine the gaming experience by integrating game distribution, tournaments, social features, and financial tools.

  • Category:GameFi

  • Procurement amount:$12M

  • Investment Round:TBD

  • Investor: NOIA Capital

3、The9 Limited

  • Overview: Shanghai-based company specializing in online game management, virtual currency mining and AI investment.Operates and develops a variety of online games, including titles such as Legend of Immortals, The World of Kings, and CrossFire.

  • Category: GameFi, Mining

  • Procurement amount:$8M

  • Investment Round:TBD

  • Investors: FineWill Capital, Elune Capital, Bripheno Pte. Ltd.

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