Inventory of financing projects in January: 113 financing events occurred in January, amounting to over $651M
Financing Overview
In January 2024, a total of 113 financing events were counted, 15 more than last month. Among them, the infrastructure track had the largest number of financings: 30; the track with the highest total financing amount was CeFi, with 210 million.
Infrastructure
A total of 30 financings occurred in the infrastructure track, with the total financing amount reaching US$108 million. Among them, 16 financing events disclosed the amount:
Project Introduction: zkLink is a transaction-centric multi-chain L2 network with unified liquidity protected by ZK-Rollups. dApps built on the zkLink L2 network leverage seamless multi-chain liquidity to provide rapid deployment solutions for decentralized and non-custodial order books, AMMs, derivatives and NFT exchanges. zkLink operates as a trustless, permissionless and non-custodial interoperability protocol designed to connect different blockchains, eliminate the differences between different tokens, and solve the problem of liquidity islands formed on isolated chains.
Important information: On January 29, zkLink announced that it had completed a $4.68 million token sale on CoinList. At an FDV valuation of $150 million, the 31,250 billion tokens offered represent just over 3% of the total supply, the team said.
Project information: Root (formerly NFT3) is building a Web3 operating system consisting of an intent-centric digital identity aggregator, virtual accounts, social graph, etc. to enable unified access to Web3. It aims to be a one-stop-shop for all things decentralized identity, making accessing different Web3 platforms more seamless.
Important information: Tokens will be released soon, Community Presale on February 7th.
Project Information: Bagel Network is a machine learning data lake for humans and autonomous AI agents to co-build, trade, and license machine learning datasets. The Bagel Network aims to be a pioneer in decentralized artificial intelligence infrastructure.
DeFi
A total of 29 financings occurred in the DeFi track, with the total financing amount reaching US$78.4 million. Among them, there are 21 financing events with disclosed amounts:
Potential projects information
Project Information: Orbiter Finance is a decentralized cross-rollup bridge for transferring Ethereum’s native assets, designed to improve the performance and reduce gas consumption of layer 2 solutions. Orbiter Finance is launching Orbiter Rollup as the intent layer, which is mainly used for the decentralized aggregation of Orbiter users’ cross-chain intent-related messages, helping users achieve the results they want without specifying step-by-step execution.
Key information: There are currently activities for Little UFO on the TaskOn platform. Use Little UFO to cross-chain from Ethereum to ARB. Participate in the event to replenish your TX, and you will have a chance to win prizes. The official website of Little Flying Saucer also has a points activity. Points can be obtained by cross-chaining assets to Manta.
Project information: Navi is a one-stop liquidity protocol native to Sui. It enables users to participate in the Sui ecosystem as a liquidity provider or borrower. Liquidity providers provide assets to the market and earn passive income through yields, while borrowers have the flexibility to obtain loans across different assets. Navi focuses on providing essential DeFi infrastructure and aims to become a key player in the rapidly growing DeFi world within the Sui ecosystem. The protocol’s innovative features, such as automated leveraged vaults and segregated modes, enable users to leverage their assets and leverage them with minimal Risk to gain new trading opportunities. NAVI is designed to provide support for digital assets of different risk levels, while its advanced security features ensure the protection of user funds and the mitigation of systemic risks.
Important information: IDO is about to take place, and a points system will be launched on January 22 to encourage users to use products regularly to accumulate points.
Project Information: WOO Network connects traders, exchanges, institutions, and DeFi platforms to democratize access to best-in-class liquidity and trade execution at zero or low cost. WOO Network was initially incubated by Kronos Research, a large cryptocurrency quantitative trading firm. WOO Network aims to reduce market inefficiencies and disrupt the crypto market by solving a major cryptocurrency problem, namely liquidity fragmentation. Its ultimate goal is to standardize liquidity. WOO Network is able to channel large amounts of liquidity through its market maker, Kronos Research, and by internalizing order flow from other crypto exchanges through API integrations. Its main product is WOO X, a zero-fee crypto trading platform that also serves as a liquidity aggregator for digital assets. WOOFi is the DeFi arm of WOO Network, assisting decentralized exchanges by providing on-chain liquidity. WOO Network also operates its official investment arm, WOO Ventures.
GameFi
A total of 9 financings occurred on the GameFi track, with the total financing amount reaching $38 million. Among them, there are 8 financing events with disclosed amounts:
Potential projects information
Project introduction: GG is an AR encryption game based on Solana. Players can find and collect GBoxes in their own city, or bet with friends online. Everyone has a chance to win big prizes.
Project Description: Forgotten Playland redefines social party gaming with a series of mini-games including Bump-A-Ball and Jungle Rumble. The Social Hub, where Qi quit, is a dynamic, interactive place where players can hang out and socialize in-game.
A total of 4 financings occurred in the NFT track, with the total financing amount reaching $6.85 million. Among them, there are 2 financing events with disclosed amounts:
Potential projects information
Project Introduction: eesee is a one-stop liquidity solution for sellers, providing a fun and secure lottery system at an affordable price. This community-focused platform is tailor-made for digital assets, tokens and RWAs, focusing on win-win value propositions. Sellers can host sweepstakes and sell entries to interested buyers. Buyers can buy as much or as little as they want, which helps increase their chances of winning. Once the pool is sold out, a drawing will be held to determine the winner. Losers will receive points for their contribution to the prize pool, which will lead to future rewards.
Project introduction: EZ Swap is a multi-chain NFT DEX and inscription market. By leveraging the Automated Market Maker (AMM) mechanism, EZ Swap provides an efficient trading environment that is directly integrated with the game. This not only changes the way game assets are traded and utilized, but also opens up new avenues for gamers and developers alike, enhancing the entire gaming experience.
SocialFi
A total of 10 financings occurred in the SocialFi track, with the total financing amount reaching US$14 million. Among them, there are 7 financing events with disclosed amounts:
Potential projects information
Project introduction: Ta-da is a Talk-to-Earn web3 application that connects businesses and individuals. Users earn tokens by recording their voices through an app. Vivoka is an artificial intelligence company from France and the predecessor of Ta-da.
Project introduction: CharacterX is an AI character chat network where users can chat with a variety of characters and enjoy virtual companionship. Each character has its own purpose and personality. From knowledgeable professors to mysterious fortune tellers to characters from anime and shows, CharacterX is designed to help users unlock a world of fun and creativity.
Tools and information services
A total of 8 financings occurred in the tools and information services track, with the total financing amount reaching US$37.3 million. Among them, there are 6 financing events with disclosed amounts:
Potential projects information
Project Introduction: 0xScope’s vision is to democratize and decentralize Web2 and Web3 data access. On the one hand, 0xScope is building an open source data layer where people can upload, validate, process, and download Web2 and Web3 data. 0xScope, on the other hand, is building analytics tools at this layer to show developers what is possible and pave the way for the community to develop powerful dApps. 0xScope’s current product suite includes a suite of B2B SaaS solutions and B2C product Scopescan. 0xScope SaaS products enable businesses to conduct post-investment management, make better investment decisions, understand user behavior and closely monitor competitive trends. Scopescan allows cryptocurrency traders to investigate fund flows and activity on selected blockchains.
Project introduction: Dopamine is a crypto investment application suitable for beginners and experts. Users can access all the information they need (browse all coins, read white papers, learn about the team, progress, events, etc.), interact with peers, Trade on DeFi protocols and access their favorite crypto tools and projects.
Others
Potential projects information
Project Introduction: KEKKAI is a Web3.0 security plug-in that detects dangers by analyzing transaction simulations and aims to eliminate fraud in the growing Web3 field. If users use KEKKAI, they can obtain the risk judgment information provided by it during transactions — if there is an abnormality, KEKKAI will display a risk prompt on the page.
Project introduction: Kiln is a cryptocurrency staking platform that allows users to stake tokens directly or integrate white-label staking solutions into products they build. Its platform is API-first, enabling fully automated validator, reward, data and commission management.
A total of 9 financings occurred in the infrastructure track, with the total financing amount reaching US$270 million. Among them, 17 financing events disclosed the amount:
