Hotcoin Investment and Financing Weekly Report (10.05–10.11) | 17 Events, Financing Data Remains Steady Compared to Last Week

From October 5 to October 11, there were 17 investment and financing events in the crypto market, including 11 in infrastructure, 2 in DeFi, 2 in gaming, 1 in social, and 1 in MEME.

This week, there were 2 financing events exceeding ten million dollars:

• Open-source Layer 2 network Ithaca completed a $20 million financing round, with Paradigm as the investor.
• Autonomous execution environment network delta completed an $11 million financing round, with investors including Variant Fund and Maven11.

The investment activity in the crypto market this week remained the same as last week, with relatively low intensity. Infrastructure projects accounted for more than half of the deals. The largest funding round this week was secured by Ithaca, an open-source Layer 2 network, raising $20 million.

The investment and financing projects this week are sorted by financing amount as shown in the following chart:

Infrastructure

1. According to ROOTDATA investment and financing data on 10–11, Ithaca completed a $20 million financing round, with Paradigm as the investor. Ithaca is developing Odyssey, an open-source Layer 2 network built with Reth, OP Stack, and Conduit. Ithaca was spun off from the crypto venture capital fund Paradigm.
2. According to ROOTDATA investment and financing data on 10–10, AiGO Network completed a strategic financing round of an undisclosed amount, with Waterdrip Capital as the investor. AiGO Network is a real-time, plug-and-play DePIN data network that provides decentralized access to verified GPS and geolocation data.
3. According to ROOTDATA investment and financing data on 10–10, PinGo completed a seed round of undisclosed amount, with investors including Cryptogram Venture (CGV) and CatcherVC. PinGo is an AI and DePin solution on the TON network, addressing the fragmentation and idleness of spare computing power resources, providing a powerful computational foundation for building AI models.
4. According to ROOTDATA investment and financing data on 10–10, Apex Fusion completed a $6 million private round, with TRGC as the investor. Apex Fusion is a unified multi-chain Layer 1 network aimed at providing a seamless experience for future blockchain builders and developers by combining the best parts of UTXO and EVM transaction execution methods into a decentralized ecosystem.
5. According to ROOTDATA investment and financing data on 10–09, delta completed an $11 million financing round, with investors including Variant Fund and Maven11. delta is an autonomous execution environment network connected through a decentralized, censorship-resistant base layer. delta separates execution/ordering from data availability/settlement. delta provides its users with two inalienable rights — self-custody and permissionless exit.
6. According to ROOTDATA investment and financing data on 10–09, OpenGradient completed an $8.5 million seed round, with investors including a16z and Coinbase Ventures. OpenGradient is building a native intelligence network aimed at bringing the world’s computation on-chain. OpenGradient is a platform for open-source model hosting, secure execution, proxy inference, and application deployment.
7. According to ROOTDATA investment and financing data on 10–08, Botanika completed a $1.5 million angel round, with investors including Jasmine Zhang and Aamer Chaudhry. Botanika is a decentralized data storage network supported by its proprietary B1 hardware nodes. With patented AI-driven sharding, transmission, and data regeneration algorithms.
8. According to ROOTDATA investment and financing data on 10–08, Kiva Ai completed a $7 million seed round, with investors including CoinFund and HashKey Capital. Kiva AI is a company developing specialized AI applications by hiring human experts to label large datasets, paying contributing overseas experts in cryptocurrency.
9. According to ROOTDATA investment and financing data on 10–08, Bitlayer completed a $9 million A1 round, with investors including Polychain and Franklin Templeton. Bitlayer is a Layer 2 solution offering Bitcoin-equivalent security and Turing completeness. It is also the first built on BitVM. Bitlayer aims to bring secure scalability to the Bitcoin ecosystem, promote asset diversity, and stimulate innovation to provide faster, more secure, and more flexible user experiences.
10. According to ROOTDATA investment and financing data on 10–08, Semantic Layer completed a $3 million seed round, with investors including Figment Capital and Hack VC. Semantic Layer brings better incentive coordination and native scaling to dApps deployed or looking to deploy on Ethereum. Semantic Layer makes meta-transactions programmable, enabling customized MEV distribution and native scaling of protocols.
11. According to ROOTDATA investment and financing data on 10–07, APRO completed a $3 million seed round, with investors including Polychain and ABCDE Capital. APRO is a decentralized oracle network tailored for the Bitcoin ecosystem, offering reliable, fast, and cost-effective data solutions. APRO aims to build a secure and trustworthy computing platform by combining off-chain computation and on-chain verification. This approach expands data access and computational capabilities, providing customized computational logic services for DApp businesses.

Gaming

1. According to ROOTDATA investment and financing data on 10–10, Dragonz Land completed a $9 million financing round, with Syndicate Capital Group as the investor. Dragonz Land is a Play-2-Earn game that promotes the development of digital property rights and the Web3 ecosystem. Dragonz Land combines NFTs with dynamic gameplay and community participation. Players can buy, collect, upgrade, and trade cards from 16 different factions, while earning game tokens through clicking and completing various tasks.
2. According to ROOTDATA investment and financing data on 10–07, Infinitar completed a $9 million Series A financing round, with investors including Accelbyte Fund and Lam Group. Infinitar is a Web3 MOBA game that supports various arena modes, including 421 levels of individual rankings, 3v3, and 5v5 battles, catering to different player preferences.

DeFi

1. According to ROOTDATA investment and financing data on 10–10, Yala completed an $8 million seed round financing, with investors including Ethereal Ventures and Polychain. Yala connects Bitcoin liquidity with meta-yield stablecoins. The stablecoin yUSD is designed as an effective asset and liquidity enhancer that can operate across various ecosystems, improving efficiency without the need for bridges or repositioning underlying Bitcoin. Yala provides expanded utility for Bitcoin holders and ecosystem participants while maintaining the security of Bitcoin infrastructure.
2. According to ROOTDATA investment and financing data on 10–08, BISON SWAP completed a Series A financing round for an undisclosed amount, with investors including Dekrypt Capital and Alves Ventures. Bison Swap is a UTXO-based decentralized exchange. BisonSwap introduces AMM to the Bitcoin ecosystem, enhancing liquidity in the Bitcoin network and providing a seamless trading experience similar to the Ethereum ecosystem. It also brings more decentralized trading opportunities to Bitcoin users, expanding the depth and breadth of the DeFi ecosystem and addressing the shortcomings of decentralized trading in Bitcoin.

Others

1. According to ROOTDATA investment and financing data on 10–11, Trendies completed a $1.75 million pre-seed round financing, with investors including Archetype and Base Ecosystem Fund. Trendies is a social platform that allows people to be rewarded for the content they post on social media platforms such as Twitter and Farcaster.
2. According to ROOTDATA investment and financing data on 10–08, PPKING completed a $2 million seed round financing, with investors including Crypto Labs and Faculty Capital. PPKING is a fair launch platform for Meme coins based on the TON public chain, aiming to create an efficient, secure, and entertaining decentralized finance platform through innovative DeFi mechanisms and deep integration with MEME culture.