Hotcoin Investment and Financing Weekly Report (11.2–11.8) | 21 Public Events, Funding Data Shows Decline

During November 2nd to November 8th, there were 21 investment and financing events in the crypto market, with diversified tracks, including 7 in Infrastructure, 4 in DeFi, 2 in Gaming, 1 in NFT, 1 in AI, 1 in DePIN, 1 in Prediction Market, 1 in Crypto Education, 1 in Social, 1 in CeDeFi, and 1 in CeFi.

This week had 1 financing event exceeding 10 million USD:

• Verifiable data infrastructure vlayer completed a $10 million Pre-seed round funding, with investors including a16z, BlockTower Capital, and others.

This week saw a decline in crypto market investment and financing activity, with diversified tracks, including 7 in Infrastructure and 4 in DeFi.

The verifiable data infrastructure vlayer secured the largest funding this week, with a financing amount of $10 million.

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

Infrastructure

1. According to ROOTDATA’s investment data on November 8, MAP Protocol completed a strategic financing round of $1 million, with Gryps as the investor. MAP Protocol is an interoperability layer for the Bitcoin network, built on ZK light clients. It serves as a gateway for Bitcoin ecosystem developers and users, and provides interoperability between different Bitcoin L2s and between the Bitcoin ecosystem and EVM/non-EVM ecosystems.
2. According to ROOTDATA’s investment data on November 7, Cytonic completed a seed round of $8.3 million, with investors including Lemniscap and Lattice Capital. Cytonic is an L1 blockchain aimed at creating a unique ecosystem that is open to all technologies used in Web3. With its unique multi-virtual machine technology, Cytonic aims to interoperate with all ecosystems without becoming part of any single one.
3. According to ROOTDATA’s investment data on November 5, vlayer completed a pre-seed round of $10 million, with investors including a16z and BlockTower Capital. vlayer is a trusted and verifiable data infrastructure powered by zero-knowledge proofs.
4. According to ROOTDATA’s investment data on November 4, AgentLayer completed a financing round of undisclosed amount, with BingX Labs as the investor. AgentLayer is a decentralized AI token public chain that combines artificial intelligence with human collaboration. AgentLayer utilizes OP Stack and EigenDA to create AgentChain, a public blockchain that enhances coordination and collaboration between agents supported by the AgentLink protocol. This blockchain facilitates contract and transaction logs between agents, providing agent OP sequencers to enhance the collaborative network of agents.
5. According to ROOTDATA’s investment data on November 4, Klaster completed an M&A financing round of undisclosed amount, with Biconomy as the investor. Klaster is a building platform for multi-chain applications that abstracts all the complexities of building multi-chain dApps so that developers can focus on their own application scenarios within two minutes. It enables smart contracts to call EVM functions on any CCIP-supported network from any other network while providing composability and atomicity guarantees. Developers can easily convert existing dApps to support sovereign multi-chain assets and cross-chain communication.
6. According to ROOTDATA’s investment data on November 4, Kroma completed a strategic financing round of undisclosed amount, with zkCandy as the investor. Kroma is a general-purpose ZK Rollup based on the Optimism Bedrock architecture, developed by Lightscale. Initially, Kroma operates as an Optimistic Rollup with ZK fault proofs using a Scroll-based zkEVM. Kroma’s goal is to eventually transition to a ZK Rollup once ZK proof generation becomes more cost-effective and faster. Kroma is deployed on the Sepolia testnet for further testing and optimization.
7. According to ROOTDATA’s investment data on November 2, EtraPay completed an M&A financing round of undisclosed amount, with AvaCloud as the investor. EtraPay is a Layer 1 blockchain designed for everyday payments, based on the Avalanche blockchain architecture, with every transaction on the payment network encrypted and protected through zkMorphic proofs.

DeFi

1. According to ROOTDATA’s investment data on 11–08, BIO Protocol completed a strategic financing round of undisclosed amount, with Binance Labs as the investor. BIO Protocol is the financial layer of DeSci, aiming to accelerate the flow of capital and talent into on-chain science. bioDAO can use BIO Protocol’s auction contracts to raise funds and directly apply them to research plans, IP assets, and other biotechnology organizations.
2. According to ROOTDATA’s investment data on 11–06, Usual completed a $1.5 million financing round, with investors including Comfy Capital and Jed Breed. Usual is a stablecoin protocol whose USD is a permissionless and fully compliant stablecoin backed 1:1 by real-world assets (RWA). USUAL is a governance token that allows the community to guide the network’s future development. Usual addresses current stablecoin market issues by redistributing profits to the community and rewarding token holders with actual yields generated from RWA.
3. According to ROOTDATA’s investment data on 11–04, CoW Protocol completed a financing round of undisclosed amount, with Greenfield as the investor. CowSwap is a DEX aggregator with MEV protection features. CoW Protocol matches trades from various on-chain liquidity sources through batch auctions. It can provide users with better prices and save significant funds in gas fee optimization and liquidity provider fees.
4. According to ROOTDATA’s investment data on 11–04, Fragmetric completed an angel round of undisclosed amount, with investors including Anatoly Yakovenko and Lily Liu. Fragmetric is Solana’s native liquid restaking protocol, with a vision to enhance the security and economic potential of the Solana ecosystem. Through leveraging Solana’s token extensions, Fragmetric effectively implements NCN reward distribution. Additionally, Fragmetric has designed practical solutions, namely standardized token schemes, for utilizing various LSTs in restaking platforms. Fragmetric’s mission is to build a secure, transparent, and efficient restaking infrastructure that empowers users and supports the stability of Solana’s restaking ecosystem.

Gaming

1. According to ROOTDATA’s investment data on 11–04, Betski completed a seed round of $340,000, with undisclosed investors. Betski is an all-in-one online iGaming platform aimed at providing unique ownership models through tokenization. By integrating blockchain technology, Betski offers token holders the opportunity to share in the profits generated from all bets placed on the platform.
2. ccording to ROOTDATA’s investment data on 11–04, GameBeast completed a $2 million financing round, with investors including Tido Capital and K300 Ventures. GameBeast is a multi-chain gaming platform developer in the Solana ecosystem, with multiple games including “Destiny of Gods”. Gamebeast offers various games from mini-games to AAA titles, providing users with more diverse token consumption opportunities.

Others

1. According to ROOTDATA’s investment data on 11–08, Rektguy completed a $1.5 million seed round, with investors including Luca Netz and Seedphrase. Rektguy is a Rekt beverage culture NFT project where users receive double points for each drink purchase, allowing buyers to climb the leaderboard with potential rewards through Rekt Coin.
2. According to ROOTDATA’s investment data on 11–07, Pond completed a $7.5 million seed round, with investors including Archetype and Coinbase Ventures. Pond is a large-scale cryptocurrency AI model that recommends tokens to users based on similar on-chain behaviors. Pond’s AI model can identify patterns and trends in on-chain data and behavior to help identify investment opportunities.
3. According to ROOTDATA’s investment data on 11–07, SkyX completed a $1 million pre-seed round, with investors including Waterdrip Capital and Escape Velocity. SkyX is a blockchain-driven weather network that implements an incentive system and web3 protocol. Its goal is to build an innovative weather ecosystem by combining advanced weather station IoT devices with blockchain-based decentralized service protocols, using $SKY as a utility token to achieve economic benefits and address traditional challenges in the weather industry. SkyX was previously a company selling weather station smart devices and data services, operating a network of 16,000 weather stations.
4. According to ROOTDATA’s investment data on 11–06, Prosper completed a financing round of undisclosed amount, with Waterdrip Capital as the investor. Prosper is a non-custodial cross-chain prediction market and hedging platform. Prosper is developing a unique on-chain liquidity aggregation technology to address issues in the prediction market landscape. Prosper.so’s core features include: cross-chain prediction support and on-chain liquidity aggregation, binary liquidity model, betting insurance, user-owned predictions and options, and real asset integration.
5. According to ROOTDATA’s investment data on 11–05, HackQuest completed a strategic financing round of undisclosed amount, with KIP Protocol as the investor. HackQuest is a gateway to the Web3 development world, providing comprehensive one-stop educational infrastructure to minimize friction and help developers and non-developers enter the Web3 world.
6. According to ROOTDATA’s investment data on 11–05, Phi completed a strategic financing round of undisclosed amount, with investors including Neoclassic Capital and Cyber. Phi is a social gaming metaverse focused on easily visualizing on-chain identity using “on-chain identities” created with ENS and verified wallet activities. It incentivizes users to interact with various Web3 protocols, providing positive feedback for all protocols and accelerating Web3’s overall network effect. The protocol allows users to generate personalized spaces using their ENS and claim in-game objects based on their wallet activities. Using these objects, users can build their own Web3 worlds to showcase their on-chain identity. The project aims to accelerate mass adoption across the entire web3 ecosystem by providing leisure features such as social, gaming, and art.
7. According to ROOTDATA’s investment data on 11–05, Blum completed a financing round of undisclosed amount, with The Open Platform as the investor. Blum is a hybrid exchange offering universal token access through gamification in Telegram mini-applications. Blum provides access to both CEX and DEX tokens on one platform, supports over 30 chains, and offers additional features including AI navigation, P2P trading, derivatives trading, and more.
8. According to ROOTDATA’s investment data on 11–04, CoinBest completed an M&A financing round of undisclosed amount, with OSL Group as the investor. CoinBest is a cryptocurrency exchange where users can trade crypto assets such as Bitcoin (BTC), Ethereum (ETH), etc., anytime, anywhere through the application.