This Week on web3 5min recap
Market information, major news, and fundraising status for 6/29~7/5.
Good morning.
Mitsui from web3 researcher.
Every Monday will be a summary article about the web3 market for the past week.Please use it to catch up on information and trends!
① Market information and major news
② 28 projects that have raised funds
③ Articles and recap updated in the last week
① Market Information and Major News
⛓️Blockchain
L1
Market conditions were terrible this week as token prices crashed.
Telegram mini app developers can now use stars to earn TON rewards and advertising discounts
Aptos Foundation proposes to introduce Aave V3 on the Aptos network.
5% of Aster Network's "ASTR" supply to be burned, proposal passed
Data Blockchain Flare Connects to 70+ Blockchains via LayerZero Integration
L2
TVL in L2 is also falling across the board.
💰DeFi
DeFi's TVL has also fallen significantly.
EigenLayer competitor Symbiotic tops $1 billion in deposits in less than a month
Aave's own stablecoin "GHO" launches on Arbitrum, leveraging chain link "CCIP".
Bitfinex Securities Issues Two New Tokenized Notes on Liquid Network
Zeta Markets, a DeFi on Solana, conducts airdrop of its own token, ZEX
Uniswap Wallet launches on-ramp service offering, in partnership with Transak
🖼️NFT
The NFT market is growing in trading volume.
GameFi
GameFi is weekly, but it varies widely from title to title.
👀Other
Dapps related
State, Legal & Regulatory Affairs
U.S. Judge Allows Most SEC Actions Against Binance to Continue, Dismisses Charges of Secondary Sales
21Shares follows VanEck with new Solana ETF filing listed in the US
Bahamas to Regulate Banks Offering "Central Bank Digital Currency" to Promote Popularity
German government transfers another $94 million worth of bitcoin to exchanges
South Korean Exchanges Will Reassess 1,300 Tokens Under Updated Standards
SEC's approach to virtual currencies 'problematic,' SEC Commissioner Mark Weda criticizes
Philippines Social Security Contribution Payments Now Available in Tether
US Marshals Service outsources crypto asset custody to Coinbase
Failed Silvergate Bank Settles with Regulators Over Non-Compliance
Other
Mercari "Bitcoin Trading Service", Tokushima Prefecture ranks first in average transaction value.
State Street Partners with Galaxy Digital to Launch New Digital Asset ETF
Japan's largest Web3 conference "WebX 2024", Prime Minister Fumio Kishida to speak.
Gemini Signs Five-Year Bitcoin Sponsorship Deal with Soccer Club
Chinese fintech giant Ant Group expands registered capital for blockchain division
US SEC returns "ethereum physical ETF" application documents to issuer, start date delayed.
PlaySync Announces NewLo, a Loyalty Program to Convert Points into Tokens
Indian cryptocurrency exchange CoinDCX acquires BitOasis as part of international expansion plans
Galaxy Digital says crypto venture capital sentiment continues to improve despite market stagnation
Hong Kong regulator will review cryptocurrency regulations "as necessary," says finance secretary
Fidelity, Signum partner with ChainLink to on-chain NAV data
Paxos Approves Stablecoin Launch in Singapore, Partners with DBS Bank
SEC accuses Silvergate of misleading the public after FTX collapse
Consensys Acquires Wallet Guard to Protect MetaMask Users from Hacking and Fraud
Surge in meme coins inspired by Biden's potential replacement
FriendTech says native tokens will remain on Base, emphasizing community control
(2) 28 funded projects.
💥Top 5 Projects
1,IREN
Overview:A leading next-generation data center company using 100% renewable energy to drive bitcoin mining, AI and other operations.
Category: Mining
Raised amount:$413M
Investment Round:TBD
Investor: unknown
2, Sentient
Overview: AI research organization promoting an open AGI economy for AI developers and creators.Developing platforms and protocols that enable open source AI developers to monetize their innovations, collaborate on powerful AI projects, and become key stakeholders in a distributed AI ecosystem.
Category：AI
Procurement amount：$85M
Investment Round：Seed
Investors：★Founders fund、★Pantera Capital、★Framework Ventures、Ethereal Ventures、etc.
3、Carv
Overview:Web3 ID startup developing wed3 ID solution that combines Web2 and Web3 game data to create unique user IDs.
Category:DID
Procurement amount:$35M
Investment Round:Public Sale
Investors: individual investors
4,Lombard
Overview: Building a universal standard for cross-chain, yieldable BTC without fragmenting liquidity and integrating bitcoin into DeFi.The company's flagship product, LBTC, is a liquid bitcoin backed 1:1 by BTC, allowing users to keep bitcoin as a store of value while earning, staking, trading, and engaging in DeFi.
Category: Bitcoin, DeFi
Raised Amount:$16M
Investment Round:Seed
Investors:*Polychain Capital, Babylon, dao5, Franklin Templeton, etc...
5,Prodia
Overview: Provides a fast, easy-to-use image generation API that leverages distributed networks of GPUs to deliver efficient cloud computing services.
Category: Infrastructure
Procurement amount:$15M
Investment Round:Seed
Investors:*Dragonfly Capital, Hashkey Capital, Web3com Ventures, Index Ventures, etc.
👀Other, 23 projects
RedStone[$15M/Series A]:Next generation cross-chain data oracle providing pricing data for financial protocols.
Astria[$12.5M/Strategic]: modular blockchain that allows individuals to deploy their own censorship-resistant rollups without relying on a centralized sequencer.
Pi Squared[$12.5M/Seed]:Zero Knowledge (ZK) technology for trustless remote computing, AI, and interoperable smart contracts on any blockchain or dApp.
SendBlocks[$8.2M/Seed]: a blockchain data management startup that simplifies access to blockchain data through a fully customizable platform.
OpenLedger[$8M/Seed]:Builds a permission-free, data-centric infrastructure for artificial intelligence development.
QED Protocol[$6M/Seed]:QED, a zk-Native blockchain, guarantees horizontal scalability, ease of use for Web2 developers, zk-Native speed, and solves scalability challenges with its innovative zk-PARTH state model.
Swords & Dungeons[$5M/TBD]: A P2E DeFi MMORPG that combines traditional gaming systems like PvE, PvP and GvG with Web 3.0 P2E modes and advanced DAO governance concepts.
Mamori[$5M/Seed]:Machine learning-enabled platform designed for blockchain value extraction.
FreeBnk[$3M/TBD]A comprehensive financial platform that integrates cryptocurrency services with traditional banking capabilities, allowing users to buy, sell and exchange over 1,200 cryptocurrencies using cash, cards and bank transfers in over 150 countries.
Compute Labs[$3M/Pre Seed]: a computing tokenization protocol that enables direct exposure to computing assets and financializes AI by creating computing derivatives.
Nubila Network[$2.5M/TBD]: a global environmental data network that leverages DePIN and AI to enhance ESG data collection and analysis.
Onaji[$2.5M/Pre Seed]: a machine learning platform for smart contract blockchains, designed to build and operate intelligent algorithms that interact with blockchain applications.
Cambria[$2.5M/Seed]: the blockchain developer behind Duel Arena, a high-stakes one-on-one dueling game that allows players to challenge each other to death matches in a public arena.
Ethos Network[$1.75M/Pre Seed]: a trust platform designed to create a more trustworthy Web3 ecosystem by allowing users to build reputation, support other users, and punish bad actors.
Pac Finance[$1M/TBD]: a lending and margining protocol on Blast L2, featuring a self-pay mechanism, one-click leverage, and gas rate refunds.
Monad Pad[$945k/Seed]: the first token and NFT launchpad built on the Monad network.
Nycrypto Labs (Tidus wallet)[$800k/Pre Seed]: a startup that helps users reduce risk and move within the cryptocurrency ecosystem with confidence through a variety of products, services and educational content.
Plaza Finance[TBD/Pre Seed]: a cross-ecosystem hub for programmable derivatives, enabling the creation and trading of tokenized financial instruments on the blockchain.
Amber Japan[TBD/M&A]: virtual currency exchange that Sony acquired from Amber Group in 2023 and rebranded to S.BLOX.
VAULT[TBD/M&A]:Collects limited edition digital music collections using NFT technology, allowing artists to create additional content and experiences on theWeb3 music platform that allows artists to offer additional content and experiences for a fee.
Sun Protocol[TBD/Seed]: Integrates multi-chain transactions, cross-chain capabilities, staking, lightning network, and other liquidity-related features to provide users with a more convenient, secure, and comprehensive trading ecosystem for global assets.
Solayer[TBD/TBD]Natively re-staking networks on top of Solana and leveraging Solana's economic security and premium execution to provide a distributed cloud infrastructure.
Wallet Guard[TBD/M&A]:Open source browser extension with transaction simulation and proactive phishing detection.
(3) Articles updated last week
📝Articles updated last week
All of the articles are interesting, so please take a look at them if you haven't seen them yet!
We will continue to update our research this week!
Disclaimer：I carefully examine and write the information that I research, but since it is personally operated and there are many parts with English sources, there may be some paraphrasing or incorrect information. Please understand. Also, there may be introductions of Dapps, NFTs, and tokens in the articles, but there is absolutely no solicitation purpose. Please purchase and use them at your own risk.
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🇯🇵🇺🇸🇰🇷🇨🇳🇪🇸 The English version of the web3 newsletter, which is available in 5 languages. Based on the concept of ``Learn more about web3 in 5 minutes a day,'' we deliver research articles five times a week, including explanations of popular web3 trends, project explanations, and introductions to the latest news.
Author
mitsui
A web3 researcher. Operating the newsletter "web3 Research" delivered in five languages around the world.
Contact
The author is a web3 researcher based in Japan. If you have a project that is interested in expanding to Japan, please contact the following:
Telegram：@mitsui0x
*Please note that this newsletter translates articles that are originally in Japanese. There may be translation mistakes such as mistranslations or paraphrasing, so please understand in advance.