Metabit Network, a high-performance blockchain platform, recently announced the successful completion of a new round of $10 million strategic financing. The new financing will be used to promote innovation and development of Metabit Network in the field of blockchain technology.It is reported that Metabit is a blockchain platform based on the hybrid consensus mechanism PoAS, which allows different nodes to play different roles, providing physical operation network, verification, packaging settlement, storage, and bandwidth. On this architecture, the Metabit v2.0 stage transitions to an AI-based multidimensional intelligent architecture, connected to the rapidly developing AI ecosystem. It provides high-performance infrastructure for large-scale commercial applications, completely changing the Web3 ecosystem.

Bitcoin scaling network Mezo has completed a $7.5 million financing round, with Ledger Cathay Fund leading the investment and Mantle EcoFund ecosystem projects from ArkStream Capital, Aquarius Fund, Flowdesk, GSR, Origin Protocol, and Bybit participating. This round of financing brings its total funding to $30 million.The new funds will be used for Mezo's plan to expand the adoption of its network, including integrating more products into its network, such as its Bitcoin staking platform Acre.

LayerPixel, a DeFi solution based on TON, announced the completion of a $2 million seed round of financing, led by Kenetic Capital, with participation from Foresight Ventures, Waterdrip Capital, VentureSouq, Web3 Port Foundation, Microcosm Research, TMM Club, and dozens of angel investors. It is reported that this funding will help LayerPixel accelerate the development and integration of its DeFi solution suite in the Telegram Mini App ecosystem, fundamentally changing the way users interact with decentralized finance in the Telegram environment.

According to the latest report from Crunchbase, Web3 startups raised $3.7 billion in the first half of 2024. Although this number decreased by 18% compared to the first half of 2023, it increased by 42% compared to the second half of last year. Quarterly, Web3 startups raised over $2 billion in the second quarter of 2024, slightly higher than the $1.8 billion raised in the first quarter, but down 18% from the $2.2 billion raised in the same period last year. However, after eight consecutive quarters of decline, Web3 startups have seen two consecutive quarters of funding increases. In addition, although the total amount of funding has increased, there have been few large financing rounds, with only seven rounds raising over $50 million.

Kuru, a chain-based order book DEX based on Monad, announced the completion of a $2 million seed round of financing, led by Electric Capital, with participation from Brevan Howard Digital, CMS Holdings, Pivot Global, Breed and Velocity Capital, as well as angel investors Keone Hon, Jarry Xiao, and Eugene Chen.

Liquidity collateral agreement Kintsu has completed a $4 million seed round of financing, led by Castle Island Ventures, with participation from Brevan Howard Digital, CMT Digital, Spartan Group, Breed VC, CMS Holdings, Animoca Ventures, and others.

OpenSocial Protocol announced the completion of a $6 million strategic financing round, led by Framework Ventures and North Island Ventures, with participation from Hivemind Capital Partners, Stratos, Moonrock Capital, and others. Its total financing amount has reached $26 million so far.

On July 25th, RiskLayer, a DeFi security middleware on EigenLayer, completed its Builders Round financing with Antler and Momentum 6 as co-leaders, and participation from Wagmi Ventures, Hypotenuse Ventures, and angel investors such as Richard Ma.

RiskLayer plans to use this financing to accelerate the development of its Active Verification Service (AVS) infrastructure and prepare for the upcoming launch of pre-staking. It will also support the development of two AVS on EigenLayer, aimed at solving fundamental economic security issues in DeFi.

Web3 social aggregator Yup has completed a new round of financing, with participation from Nascent, IDEO CoLab Ventures, and Farcaster co-founder Dan Romero, among others. The specific amount of financing has not been disclosed. Yup provides creators with a simple way to establish a cohesive identity and audience, connecting their accounts across various services and publishing content on all platforms.

Web3 AI platform Assisterr has announced the completion of a $1.7 million Pre-Seed round of financing. Participating investors include Web3.com Ventures, Moonhill capital, Contango, Outlier Ventures, Decasonic, Zephyrus Capital, Wise3 Ventures, Saxon, GFI Ventures, X Ventures, Koyamaki, Lucid Drakes Ventures. Angel investors include 0g.ai co-founder and CEO Michael Heinrich, Aethir co-founder and CEO Mark Rydon, Eigen Labs Developer Relations Director Nader Dabit, SwissBorg co-founder Anthony Lesoismier-Geniaux, Particle Network Developer Relations Manager Ethan Francis, and others. According to reports, Assisterr is an AI infrastructure startup based in Cambridge that aims to enable developers to build their own AI use cases using Assisterr's infrastructure. Using the Solana blockchain, Assisterr enables communities to collaborate, aggregate, and monetize their data and expertise in their professional fields.