PAKA · 48

AI-based cryptocurrency distribution operating system PeakAI closed a $2 million seed round, with Cogitent Ventures and others participating

According to official news, the AI-based cryptocurrency distribution operating system PeakAI completed a $2 million seed round with Cogitent Ventures, Covey, CatcherVC, 10K Ventures, MARBLEX, PAKA, and ViaBtc Capital participating. According to reports, since PeakAI went live, more than 100,000 creators have joined, created more than 200 million views on TikTok and X platforms, and promoted the real growth of partner projects.

152d ago

Phi, an on-chain identity system, will be issued in September

According to Twitter, according to official sources, the on-chain identity system Phi will issue coins in September, and the code is PHI. On November 5 of last year, the on-chain identity system Phi announced the completion of a new round of strategic financing. Neoclassic Capital led this round of financing, with Decima Fund, Cyber, PAKA Fund, and Incubate Fund participating. This is Phi's second round of funding after a $2 million seed round led by ChapterOne and Delphi Digital in 2022. The new funding will be used to build a decentralized authentication system dedicated to on-chain identities. Phi was founded in January 2022 and launched its first product, Phi Land, a social metaverse that visualizes on-chain activity on ENS, designed by pixel artist eBoy.

379d ago

DeFi asset management protocol Velvet raised $3.7 million, with YZi Labs and others participating

Comparatively, DeFi asset management protocol Velvet Capital announced the completion of $3.7 million in funding, YZi Labs and Blockchain Founders Fund, FunFair Ventures, Selini Capital, Mucker Capital, PAKA, LucidBlue, Mindful Capital, SkyVision Capital, Gate Labs, Poolz Ventures, NexGen, Cointelegraph Accelerator, Gains Associates, Rarestone, Echo, and DWF Ventures participated. This funding accelerates Velvet's mission to provide frictionless portfolio management and trading for funds, DAOs, and individual traders, while driving the launch of its new governance and utility token, Velvet.

409d ago

ABCDE presses the pause button. What is the current state of survival of Chinese VCs?

Source: ChainCatcher Author: Nian Qing Recently, ABCDE Co-Founder Du Jun (Du Jun) officially published an article announcing that ABCDE Capital has stopped investing in new projects and suspended the second phase of the fund raising plan, and announced the launch of a new incubator product, Vernal. ABCDE has launched 19 times in the past year and isn't particularly conservative. Despite having plenty of ammunition, it still can't resist the current boring crypto market. After the FUD VC revolution began, Crypto VC began pressing the pause button under hell-level difficulty. Some chose not to take action and only keep core personnel to maintain post-investment services, and some VCs began to seek transformation to second-level investments, projects, incubators, and crypto marketing. Compared with European and American VCs in the same period, Asian VCs seem to be more conservative. ABCDE investment and research partner Lao Bai asked the question a month ago — why while we are “out of fire” in Asia, Europe and the US are still “firing”; why are they daring to pull the trigger in this valuation? In response to this, he speculates that the reasons may include different exit cycles, differences in investment decisions, and values, Asian VCs are more concerned about yield, and European and American peers are idealistic and long-term. Furthermore, according to investor data from the RootData platform, in terms of the number of launches in the past year, most VCs in Chinese-speaking regions have adopted a more conservative investment strategy, and the number of shots taken was less than 10. Of course, there are also leading venture capitals such as Animoca Brands, OKX Ventures, HashKey Capital, SNZ Holding, Waterdrip Capital, Mask Network, Nomad Capital, and NGC Ventures, which still maintain high-frequency transactions, and have launched more than 20 times in the past year. Although IOSG Ventures, Fenbushi Capital, SevenX Ventures, LongHash Ventures, PAKA, etc. have launched more than 10 times in the past year, the number of investments has decreased significantly compared to the previous year. This article sorts out the current situation of major Chinese-language VCs/VCs founded by Chinese people that have had few launches in the past year. (Note: The data in this article is based on publicly disclosed investments. It is not ruled out that there may be undisclosed internal operations or investments, which may differ from actual investment data.) Continue Captial, founded by Continue Captial Coin Circle OG Pima (Pima), has invested only 0 in the past year. The most recent investment was in March of last year, and participated in io.net's Series A financing. Pima is a senior investor in the cryptocurrency industry. He entered the digital currency field in 2013 and has invested in many well-known blockchain projects. Currently, both the two co-founders and Continue Captial are in a “lying flat” state, and neither the official blog nor Twitter are operating. The latest news about Continue Captial was in October of last year. Lin Xiahong, the co-founder of Continue Capital, is suspected of having stolen 35 million dollars. Lin Xiahong himself wrote on the X platform in response: “I accidentally revealed that I haven't left the ring; I passively made charity headlines.” LD CapitalLD Capital has made only 8 investments in the past year. The most recent investment was in September of last year, which is a significant reduction in the frequency of previous investments. LD Capital also has businesses such as secondary market investments and trading funds. Its funds include Beco Fund, FoF, hedge funds, and Meta Fund. In 2023, LD Capital also established Cycle Ventures, an early-stage investment fund focused on Infra, AI, and Dapps. In response to the VC dilemma, Lee Lihua, founder of LD Capital, said that the decline of Web3 investors was due to changes in hedging rules, low investment success rates, and “good projects, undervaluation, and large amounts” constituting a “triangular problem” that investors cannot balance. He also pointed out that in the end, many investors only get a quota of a few points, and may not only bear financial losses, but also face reputational risks. Bixin Ventures, founded by OG Starry Sky in the Chinese currency industry, has invested only 5 transactions in the past year. The most recent investment was in January of this year, compared to 202...

487d agoWendy#ABCDE #Animoca Brands #HashKey Capital #Lao Bai #Mask Network #NGC Ventures #Nomad Capital #OKX Ventures #SNZ Holding #VC #Waterdrip Capital #Du Jun #venture capital

Infinity Ground closes $2 million seed round

In comparison, Infinity Ground announced the completion of a $2 million seed round, with Animoca Brands, MARBLEX, MH Ventures, Frachtis Ventures, KuCoin Ventures, KnightFury, Presto Labs, and Paka participating. Infinity Ground was selected as an MVB accelerator co-hosted by YZi Labs, BNB Chain, and CoinMarketCap. Through its innovative Agentic IDE (Intelligent Development Environment) and IDK (Intelligent Development Kit), Infinity Ground plans to help Web3 creators build, deploy, and monetize AI-driven apps without code — text to app.

547d ago

Solana virtual machine SOON closes $22 million in funding through NFT sale, led by Hack VC

Comparatively, according to Cointelegraph, the Solana virtual machine SOON completed $22 million in financing through NFT sales. The current round of financing was led by Hack VC. The participating companies include ABCDE, Anagram, Hypersphere, SNZ Capital, ArkStream Capital, GeekCartel, PAKA, Web3Port, and MH Ventures and IDG Capital. A significant portion of the $22 million will be used to support the SOON ecosystem's development and development of its infrastructure, the announcement said.

577d agoburnking#SOON #financing

The RWA circuit is back in style, what potential unissued projects are worth watching?

Author: Arain, ChainCatcher Editor: Nianqing, the ChainCatcherRWA circuit is on fire again. After Trump won the election, US policy trends changed, and the market began to pursue the concept of “compliance.” RWA (Real World Assets) is regarded as the preferred track for Wall Street funds to enter the crypto world, and has become a major mainline in the current bull market. Even when there was a pullback in the crypto market as a whole, the RWA sector still withstood the decline and emerged from a number of high-performing coins. For example, GOAL (soccer broker RWA) on the RWA circuit has risen more than 160% in the past 30 days according to Coingecko data; (stablecoin agreement), which was only listed in mid-November, has risen more than 120% in 14 days according to Coingecko data. In addition to these RWA faces, investors saw an opportunity to turn their backs on the battle. Some old projects are also starting “old wine in new bottles”, such as XRP, LTC, etc., and are rushing to join the carnival. As the RWA circuit continues to heat up, the number of RWA projects also began to be “printed” on a daily basis. Obsessed with the vast project? For an initial screening, you might want to take a look at the following star RWA projects that have not yet issued tokens. Lingo should note that the project had a token generation event (TGE) on December 12, and the price has already skyrocketed. As of press time, it has not been listed yet. Description: Lingo is an innovative rewards ecosystem that combines gamification and RWA drivers. Every $LINGO platform fee contributes to the RWA pool, supporting Lingo's rewards ecosystem. Network: Solana and Baselingo are the first reward ecosystems based on RWA (physical asset support) to attract user participation through gamification. Users can earn points through Social Finance (SocialFi), a model that helps increase user engagement and activity. The project team has a good lineup and experience in continuous entrepreneurship. The team members come from Binance, Consensys, Google, Microsoft, etc. The team founder founded the high-end loyalty company John Paul, which was acquired by Accor Hotels Group in 2016 at a price of 150 million US dollars. Furthermore, the team has good partnerships, such as establishing cooperation with the NFT market Magic Eden and establishing strategic cooperation with boutique investment company Stewards Investment Capital. GBV, Morningstar Ventures, Maven Capital, and Skynet Trading are all investors, according to Lingo's official website. Lingo's vision is to create the most valuable token in the world in an attempt to solve the problems that cryptocurrencies are not easy to understand, have no use value in real life, and are too volatile. Currently, it is very popular on social media. According to official reports, it has received support from more than 250 KOLs and celebrity brand ambassadors. Lingo currently has a sustainable profit model, where each Lingo transaction charges a 2.5% processing fee. These fees will be used to purchase high-quality real estate in the world's top cities (such as London, Paris, etc.). The rental proceeds from the property will be used for community rewards and token buybacks. Currently, the project has attracted more than 8 million Web2 users. Introduction to Compute Labs: Computational tokenization protocol to financialize artificial intelligence, directly access computational assets, and create computational derivatives, enabling investors to effortlessly benefit from future monetary calculations. Network: Solana Highlights: This is a project incubated by the Nvidia Inception VC Alliance (Nvidia), which combines the concepts of RWA and AI. The project is currently undergoing pre-sales and airdrop activities. The computational tokenization protocol is an innovation in this project, which is also quite Nvidia's specialty. Compute Labs tokenizes GPUs, combining artificial intelligence (AI) and the financialization of real-world assets (RWA) to provide direct access to AI computing assets, benefits, and derivatives. GPU ownership was split into GNFT through this project's proprietary agreement. Compute Labs has been welcomed by many crypto-native VCs, such as OKX, Amber, Hashkey, Arkstream Capita, Solana, and Near Foundation, which have invested in the project. Re...

617d agoLuxurytracy#RWA

Web3 game ecosystem company N3MUS completes $800,000 pre-seed funding round

In comparison, Web3 game ecosystem company N3MUS announced the completion of the $800,000 pre-seed round of financing, led by Moonbeam Foundation, Arrington Capital, Borderless Capital, Techstars, Frens Syndicate, Paka Fund, Metazero Capital, Black Dragon, and X21. The new capital will be used to advance its Web3 gaming ecosystem The system focuses on user acquisition, competition, and cross-chain gaming experiences.

632d agoLuxurytracy#N3MUS #WEB3 #financing

Decentralized AI technology platform Redpill closes $5 million seed round to democratize AI

Comparing news, the decentralized AI technology platform Redpill has completed a $5 million seed round. Redpill, formerly known as Cyphermod, is an SDK for metaverse AI development, which has now changed its name to harness the transformative potential of combining AI and blockchain technology. Led by Animoca Venture and DFG, other prominent players include Jsquare, Hypersphere, IOSG Ventures, Outlier Venture, PAKA, Sanctor Capital, TKX Capital, Gate.io Venture, LD Capital, Incuba Alpha, and MEXC. Industry celebrities include Gavin Wood, co-founder of Ethereum and Polkadot, and Derek Yoo, founder of Moonbeam. The platform is preparing for full launch in 2024 and is expected to bring more innovation to artificial intelligence and blockchain integration.

759d agoWendy#AI #Animoca Venture #DFG #Gate.io Venture #Hypersphere #Incuba Alpha #IOSG Ventures #Jsquare #LD Capital #Outlier Venture #Paka #Redpill #Sanctor Capital #TKX Capital

JOJO receives seed funding round to explore a new paradigm for on-chain derivatives

Author: Pzai, Foresight News In recent months, the BASE ecosystem has stood out from many L2 projects thanks to rich ecological construction and high MEME transaction popularity. As capital flows in, users' demand for on-chain derivatives is also growing. However, in the face of huge demand for on-chain derivatives trading, problems such as insufficient liquidity, poor transaction efficiency, and poor user experience gradually became apparent, and the market urgently needed a decentralized exchange with a more optimized experience. Today, JOJO announced the completion of a seed funding round, led by SevenX Ventures, and received follow-up investment from institutions such as SmrtiLabs, Shadow Labs, Bitlink, PAKA, Clairvoyant, etc., as well as angel investors, including several project founders. As the leading on-chain derivatives trading platform within the Base ecosystem, the JOJO team stated that this round of financing will mainly be used to advance its progress in liquidity technology innovation and BASE market expansion, and promote the wide application of its main network products. What is JOJO? JOJO is a decentralized perpetual contract exchange deeply rooted in the Base ecosystem. With an average daily trading volume of over 150 million US dollars, JOJO maintains a leading position in the ecosystem. At one point, the number of transactions on the chain reached 15,000 in a single day. The current liquidity structure of leading on-chain derivatives agreements is relatively closed and unexpandable, which greatly limits the scalability of the agreement. JOJO pioneered the introduction of Turing's complete smart contract order, which allows developers to embed any script into the order. This mechanism is compatible with on-chain/off-chain order books and arbitrary AMM algorithms, unifying different types of liquidity models. Through smart contract orders, users can execute strategy orders that are triggered based on specific logic, such as increasing BTC with 5x leverage after a 5% drop or going long for ETH with 10x leverage when the gas price rises to 20gwei. As a liquidity provider, liquidity can be provided without a deposit deposit, and the required security deposit is automatically transferred when capital is consumed, significantly improving the efficiency of the use of funds. JOJO offers up to 1000x leverage and highly competitive fees — taker 0.03%, maker -0.01%. In contrast, most centralized exchanges require a monthly transaction volume of 1 billion US dollars to enjoy this type of fee discount. At the same time, users can use a variety of assets (including DeFi products such as LP tokens and LST assets) as transaction margin. By depositing these assets, you can not only maintain the original earnings, but also receive additional JOJO token rewards to maximize profits. In addition, JOJO has also launched grid trading robots and automated fund rate arbitrage robots, and uses AI algorithms to recommend optimal parameter settings, making it easy for beginners to participate. With innovative liquidity design and rich product features, JOJO meets the needs of users with different risk preferences, bringing new revenue growth points and the best trading experience to the BASE ecosystem. JOJO related developments JOJO launched the BASE mainnet in April of this year, and has established partnerships with various high-quality agreements within the BASE ecosystem, such as Coinbase Smart Wallet, Aerodrome, Moonwell, and Farcaster, and has also participated in the BASE ecosystem's On-chain Summer Buildathon. JOJO is expected to do TGE at the end of July. Currently, Airdrop Season 0, the first airdrop campaign is coming to an end, and the Airdrop Season 1 mining campaign is scheduled to begin after TGE. Users can receive airdrop rewards in a variety of ways, including depositing security deposits, actively participating in on-chain transactions (such as leveraged trading and operating trading robots), participating in trading team contests, and recommending new users. Team Information JOJO is led by DODO's co-founder Radar Bear and DDEX's former CTO David, with team members from Binance, Coinbase, Huobi, and Crypto.com. Through team building, JOJO hopes to innovate organically on the chain and inject new impetus into the DeFi sector...

764d agody zhang#BASE #JOJO Exchange #MEME #Bitcoin #financing #derivatives