CreateSAFE, a music creative asset development company based on generative AI, announced the completion of a $4.6 million seed round of financing. Cryptocurrency and blockchain investment company Polychain Capital led the investment, with participation from Crush Ventures, MoonPay, Chaac Ventures, Unified Music Group, and a group of executives from the music industry. CreateSafe's generative AI platform "TRINITI" can use voice, sound, text, and image inputs to generate all the creative assets needed for artist activities and manage music IP, aiming to become a bridge between the music and UGC fields.

On November 17th, venture capital firm Menlo Ventures announced that it has raised $1.35 billion in new funding, primarily investing in next-generation artificial intelligence startups. Amy Wu, Menlo Ventures' consumer and gaming partner (former head of FTX Ventures), said the funds will support founders in the consumer, gaming, and blockchain sectors. Menlo Ventures was founded in 1976 and manages approximately $5 billion in assets.

Taproot Wizards, a project focused on Bitcoin's Ordinals protocol, has raised $7.5 million in seed funding to bring back the "magic" of Bitcoin. The investment was led by Standard Crypto, a venture capital firm focused on cryptocurrency, and included contributions from other firms. Taproot Wizards offers a collection of Microsoft Paint images of wizards, inspired by a 2013 Bitcoin meme, and uses the Ordinals protocol to create non-fungible tokens on the Bitcoin network. While the protocol has faced criticism for congesting the network, the success of Taproot Wizards' funding round suggests it has plenty of supporters.

BITKRAFT Ventures has led a funding round that raised $5 million for Bazooka Tango, a gaming studio founded by former developers from Rockstar and Riot. The funds will be used to revive Shardbound, an upcoming multiplayer game that combines elements of trading card games, tactical maneuvers, and digital collectibles. The game is set on a fantasy island levitating above Earth, where players use their deck of cards to cast spells and summon minions to face off against opposing armies. Bazooka Tango plans to use the funds to develop Shardbound, expand their team, launch three other titles currently in development, and work on an infrastructure project to combine all of their experiences into a larger project.

The user profile and monetization platform Artifact Lab completed a $2 million seed funding round. RW3 Ventures and IOSG Ventures led the investment, with participation from Raptor Group, Cypher Capital, and HerculesDAO.

On November 16th, CoinShares International Limited, a European digital asset investment company, announced today that it has obtained the exclusive option to acquire Valkyrie Funds LLC, a US digital asset management company. Valkyrie Funds is the investment advisory business unit of Valkyrie Investments Inc., specializing in operating actively managed cryptocurrency ETFs. The acquisition option of CoinShares takes effect immediately and expires on March 31, 2024.

It was announced that the Taproot Wizards project for Bitcoin's Ordinals successfully raised $7.5 million in funding. The funding round was led by Standard Crypto, with other investors including Geometry, Collider Ventures, StarkWare, UTXO Management, Bitcoin Frontier Fund, Masterkey, and Newman Capital.This round of funding will be used to rebuild Bitcoin's wizard village, symbolizing the desire to compete with major blockchain networks such as Ethereum and Solana.

According to The Block, Union Labs has completed a $4 million seed round of financing for the development of a cross-chain bridge based on zero-knowledge proofs. Venture capital firms Galileo, Semantic Ventures, Tioga Capital, Nascent, Lightshift, and Chorus One participated in the funding round. The funds will be used for recruitment and expansion.

On November 16th, Rho Labs, a decentralized cryptocurrency derivatives trading platform founded by former Copper Chief Product Officer Alex Ryvkin, announced the completion of a $2.2 million pre-seed round of financing, with Speedinvest leading the investment and participation from Keyrock, Re7 Capital, Daedalus Collective, and Copper.co CEO Dmitry Tokarev.The cryptocurrency derivatives trading platform being built by Rho Labs will provide on-chain trading services based on specific and traditional interest rates, and it is expected that its trading market will launch an internal testing version on the Arbitrum chain by the end of this year.

On November 16th, the Web3 social protocol completed a $2 million Pre-Seed round of financing, with participation from DCG, Samsung Next, HashKey Capital, GBV Capital, Token Bay Capital, Momentum 6, and other investors. The raised funds will be used to improve the Web3 social user experience and enhance platform functionality.