Last week, there were 12 public financing events in the crypto market, with a total financing of approximately US$54.65 million | Investment and Financing Weekly
Reprinted from chaincatcher
04/07/2025·23DCompiled by: Luan Peng, RootData
According to incomplete statistics from RootData, from March 31 to April 6, 2025, there were 12 public investment and financing events in the blockchain and crypto industries, with a total financing of approximately US$54.65 million.
From the perspective of track distribution, the projects that have received financing are mainly distributed in infrastructure and AI tracks. Popular projects include blockchain gaming platform Ultra , AI infrastructure protocol Cambrian Network , stablecoin blockchain startup Codex , and Web3 startup Hana Network.
According to Morph's official news, the on-chain AI agent fund bAI Fund has received $1 million in investment by Morph and Foresight Ventures.
(The list of projects that raised more than $5 million last week, data source: Rootdata )
1. Infrastructure
Blockchain gaming platform Ultra announced a new round of financing of US$12 million. Luxembourg-based NOIA Capital participated in the investment through its digital asset fund. In addition, the company announced the appointment of Maxime van Steenberghe, former partner of Circle Strategies, as chief operating officer. The new funds will be used to support its blockchain-based game distribution platform, and will also recruit talents, expand and upgrade the platform, and conduct strategic acquisitions.
According to Morph's official news, the on-chain AI agent fund bAI Fund has received $1 million in investment by Morph and Foresight Ventures.
It is reported that bAI Fund is an on-chain proxy fund operating in a Trusted Execution Environment (TEE), which integrates quantitative transactions, investments and marketing to create a diversified AI proxy ecosystem. The fund helps creators independently issue AI proxy tokens and promote decentralized governance.
According to CoinDesk, Hana Network, a startup focused on developing hyper-leisure finance with social networking effects, announced a $4 million Builder round. Investors in this round include well-known decentralized exchanges SushiSwap, Alliance and Orange DAO.
Hana Network was founded in 2023 by Kohei Hanasaka. The team has long been committed to improving the user’s introductory experience and launched Hana Gateway, a trustless deposit and withdrawal solution this January. Based on Hana Gateway’s experience, the team is currently focusing on developing hyper-leisure financial products, emphasizing user-driven distribution through existing open social networks.
Hana Network’s mainnet plan is launched in four main stages. At present, the first phase has been successfully launched, and the super casual card game Hanafuda is launched, where users can earn rewards in the game. From the second stage to the fourth stage, the platform will gradually introduce more new experiences.
According to CoinDesk, Ambient completed a $7.2 million seed round, with a16z's crypto accelerator program, Delphi Digital and Amber Group participating.
Ambient aims to combine artificial intelligence technology to provide fast, cheap and open intelligent services. The project uses a proof of work mechanism similar to Bitcoin and works similar to Solana's network.
2. AI
AI infrastructure agreement Cambrian Network completes a $5.9 million seed round, led by a16z CSX
According to official news, AI infrastructure agreement Cambrian Network announced that it has completed a $5.9 million seed round led by a16z Crypto Startup Accelerator (CSX), and participated by Blockchain Builders and angel investors in the Graph ecosystem.
Cambrian aims to build an intelligent infrastructure for AI financial agents, and empower AI agents to make smarter market forecasts and financial decisions by integrating on-chain and off-chain data. Founded by former members of The Graph and Semiotic Labs, the project has now launched a private beta and plans to launch a testnet.
AI infrastructure platform Mahojin completed a $5 million financing, led by a16z CSX and Maelstrom
AI infrastructure platform Mahojin announced a $5 million financing round, led by a16z CSX and Maelstrom.
Mahojin aims to create “GitHub” for AI model creators and dataset developers, with its platform enabling intellectual property tracking and paying original contributors to models and datasets.
3. Social
MEET48 completed the token round financing, led by Liang Xinjun, Hash Global and Hashkey Capital
MEET48, an AI-Agent and AIUGC creator and fan economic ecological community focusing on the entertainment field, announced the completion of a token round of financing. The token round of FDV is valued at US$100 million. Fosun Group co-founders Liang Xinjun, Hash Global and HashKey Capital led the investment, with Animoca Brands, Infinity Labs, Promontory, Oak Grove and several Web3 people participating. The new funds will be used to support the development of their teams and develop related AI products. The MEET48 ecological community will provide users with one-click customization of virtual idol AI Idol-Agent with independent interaction capabilities, realizing various functions such as chat, live broadcast, virtual performance, etc., and using AIGC technology in the vertical field of virtual music and dance to efficiently generate AI graphics, texts, songs, and dance content. At the same time, the community will also provide AI-specific creative tool AIShowBOX, which supports in-depth creation such as 3D image customization, intelligent choreography, etc., to help users automate operations and global communication Idol-Agent.
MarsProtocol, the MEME development and launch platform that is supported by the MEET48 community, will be launched on BNB Chain, providing a tokenized trading platform for Meme creators and providing an AI creator source for the entire ecological community. In addition, the AI-AGENT social dock of MEET48 ecological community, the AI-AGENT large-scale music and dance simulation games and the AI-AGENT large-scale casual games will also be launched one after another and the same governance token is used for community incentives.
4. Others
Stabilized coin blockchain startup Codex announced a $15.8 million seed round, led by Dragonfly Capital, with Coinbase and Circle, Cumberland, Wintermute and Selini Capital participating. Dragonfly invested about $14 million in this round of financing.
Backpack completes the acquisition of FTX EU and starts the user funds return process today
Backpack, a globally compliant crypto asset trading platform, announced the formal completion of the acquisition of FTX EU. From now on, Backpack EU has officially launched the asset recourse procedure and fund allocation process, and will provide original FTX EU users with clear and convenient fund return services to help users recover previously frozen fiat currency assets.
After the completion of this acquisition, Backpack will re-activate the license held by FTX EU and will provide a comprehensive cryptocurrency derivatives trading service across the EU in the future.
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