Baby Doge: Will seek to invest in and acquire more companies or projects
Baby Doge announced on X platform that it is seeking more companies or projects for strategic investment or acquisition. It has started collecting project recommendations and data. Earlier this year, Baby Doge announced the acquisition of cryptocurrency media Coin.News at the end of July.
Solana Edge Data Intelligent Network 375ai Completes $5 Million Seed Round of Financing, Led by 6MV
Solana's edge data intelligent network 375ai announced the completion of a $5 million seed round of financing on X platform, with 6MV as the lead investor and participation from Arca, Escap Velocity, Primal Capital, and Auros. Specific valuation information has not been disclosed. 375ai provides decentralized edge data intelligent network nodes and mobile applications based on blockchain for real-time data collection. Users can participate in the network by deploying nodes, using applications, or staking tokens, while also receiving rewards.
High-performance blockchain platform Metabit Network announces completion of $10 million strategic financing
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 completes $7.5 million in financing, led by Ledger Cathay Fund
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.
The Information: Stability AI receives over $100 million in funding from investment group
Stability AI company has received funding from an investment group led by Sean Parker, with a total investment of over $100 million, but the specific amount has not been disclosed. In addition, Stability AI company also announced a CEO change, with former CEO of visual effects company Weta Digital, Prem Akkaraju, taking over the position.Previously, Stability AI reached a partnership with Render Network to use a decentralized GPU network to massively expand AI training and inference capabilities at a low cost.
Digital asset lending and transaction management platform Folks Finance completes strategic round of financing, led by Danu Ventures
Folks Finance, a digital asset lending and trading management platform, announced the completion of its strategic round of financing, led by Danu Ventures, with the specific amount undisclosed. This financing will accelerate its cross-chain expansion, and Danu Ventures will provide comprehensive consulting support, listing, market making, strategic planning, etc. for Folks Finance's cross-chain expansion. It is reported that Chainlink, Wormhole, and Circle messaging layer technologies will be used to support this cross-chain expansion.
Solana Ecosystem SocialFi Platform Zizle Completes $3 Million Pre-Seed Round of Financing, with Participation from Unity Ventures and Others
Solana's SocialFi platform Zizle has announced the completion of a $3 million Pre-Seed round of financing, with participation from Unity Ventures, Black Dragon, Node Kapital, Khaled Guerbouz, and a group of angel investors. It is reported that Zizle aims to optimize traditional social media by enhancing data privacy, achieving decentralized governance, and providing more effective monetization methods for users and creators. The project has been in stealth mode before, and the new funding will support the launch of a public beta version based on optimizing the app.
E Money Network Completes $3.3 Million Bridge Round Led by Animoca Brands and Kelsier Ventures
E Money Network announced the completion of a $3.3 million bridge round of financing on X platform, with Animoca Brands and Kelsier Ventures co-leading the investment, and GBV Capital, Momentum 6, Blockchain Founders Fund, Morningstar Ventures, KuCoin, Black Edge Capital, and Banter Capital participating. The new financing will be used to develop and launch the E Money Network testnet, introduce developers and provide grants for application development, expand the team, collaborate with existing projects, and execute strategic marketing plans. E Money Network is committed to establishing an RWA ecosystem in a compliant manner and supporting innovation.
Berachain-based native options protocol IVX completes $1.2 million seed round led by Animoca Ventures
IVX, the native options protocol based on Berachain, completed a seed round financing of $1.2 million on the X platform. Animoca Ventures and AVID3 led the investment, with participation from Big Brain Holdings, Web3Port, Cogitent Ventures, Forbole, SerDAO, Autistic Waterfowl Venture Capital, and a group of angel investors. The valuation data has not been disclosed yet. IVX is built on the Berachain Polaris EVM technology stack and provides zero-day expiry (0DTE) options for encrypted assets in a permissionless and secure manner, with no clearing risk for buyers and allowing users to achieve high leverage with minimal capital. Currently, its IVX Artio testnet is open.
