19 projects raised $246.4 million, World raised $135 million.

Organized by: Golden Finance

This week, a total of 19 blockchain startups raised $246.4 million in funding.

The largest round of financing this week

World (excluding Worldcoin) has completed a funding round involving Andreessen Horowitz (a16z crypto), Bain Capital Crypto, Selini Capital, Mirana Ventures, and Arctic Digital, raising $135 million.

World is a decentralized identity verification and financial network designed to address the challenges of "human uniqueness verification" in the AI era. At its core is World ID — a privacy-preserving digital passport that allows users to prove they are human without disclosing personal information. The verification method is realized through a biometric device called Orb, which generates a unique identifier by scanning the user's iris, ensuring that each person can only be verified once.

World App is the main operating interface of the system, where users can manage their World ID, conduct transactions, and access various services. The entire network operates on the World Chain blockchain, designed specifically for "human-centric" applications, and uses the WLD token for transactions and governance.

Pre-Seed and Seed Stage Financing

Fermi Labs Financing Amount: 1.2 million USD (Pre-Seed round) Investors: Equilibrium co*, Big Brain Holdings*, Nom

Fermi Labs is a Web3 research and development studio focused on building the next generation of decentralized applications and infrastructure. Its core product Fermi DEX is a decentralized exchange based on Decentralized Limit Order Book (DLOB) architecture, which enhances capital efficiency, increases liquidity, and reduces latency by separating deposit requirements from order placement. The platform operates on the Solana blockchain and aims to provide a high-performance instant settlement trading experience and liquidity abstraction. Fermi Labs also offers consulting services and educational programs to promote the adoption of decentralized technologies.

Catena Labs Funding Amount: 18 million USD (Seed Round) Investors: Andreessen Horowitz (a16z crypto)*, Breyer Capital, Circle Ventures, Coinbase Ventures

Catena Labs is building the first financial institution aimed at AI-native agents, specifically serving AI intelligences and their human collaborators. They recognize that traditional financial systems struggle to support the economic activities of autonomous AI, so they are constructing a compliant and secure infrastructure that enables AI intelligences to verify identities and conduct financial transactions. Their products include the open-source toolkit Agent Commerce Kit (ACK), which provides the foundational components for identity verification and payment functionality for AI intelligences.

Rover Funding Amount: 4.1 million USD (Seed round) Investors: Animoca Ventures, CMS Holdings, Bloccelerate, Maelstrom, UTXO Management, IVC, Builder Capital, RockTree Capital, Wise3 Ventures, Veil, Optic Capital, Relayer Capital, Stake Capital, WAGMI Ventures, NxGen, Zephyrus Capital, GCR, Revelo Intel, Cogitent Ventures, MH Ventures, Meltem Demirors, Ben Lakoff, Kartik Talwar

Rover is a decentralized liquidity staking protocol for Bitcoin running on Botanix Spiderchain. It allows BTC holders to stake their assets and receive rovBTC (a liquid staking derivative), achieving returns while maintaining liquidity. Rover delegates the staked BTC to a decentralized validator network, ensuring network security and yield generation.

This week's Other Investment Rounds financing

HeyMint

• Financing Amount: Not disclosed (merger acquisition round)
• Investor: Alchemy Ventures
• Introduction: HeyMint is an NFT creation and community interaction platform aimed at creators without a technical background. Its toolkit includes a free NFT generator, smart contract builder, minting website, whitelist management system, and task-based interaction system, supporting multiple EVM blockchains such as Ethereum, Polygon, Arbitrum, and Optimism. The platform has assisted in deploying over 4000 contracts, serving more than a million users.

Stablecorp (QCAD)

• Financing Amount: 1.8 million USD
• Investors: Coinbase Ventures, Side Door Ventures
• Introduction: A Canadian fintech company focused on digital currency infrastructure. The flagship product QCAD is a stablecoin fully backed by Canadian dollars, used for on-chain foreign exchange, local/global payments, and capital market applications. It also offers asset management and compliance tools, aiming for bank-grade blockchain solutions.

Hyperdrive

• Financing Amount: 6 million USD (Series A)
• Investors: Hack VC* , Arrington Capital* , Delphi Digital, etc.
• Introduction: A stablecoin lending market built on the Hyperliquid blockchain, supporting stablecoin lending, $HYPE liquidity staking, and using HLP tokens as collateral. The platform provides one-click yield strategies to simplify the DeFi user experience.

Roxom

• Financing Amount: 17.9 million USD
• Investors: Draper Associates, Borderless Capital, etc.
• Introduction: Roxom is a multi-asset trading platform priced in Bitcoin, supporting the trading of stocks, ETFs, commodities, cryptocurrencies, forex, and bonds using Bitcoin. The platform integrates Bitcoin with traditional finance, providing a decentralized, transparent, and secure trading experience.

Impossible Cloud Network (ICN)

• Financing Amount: Not disclosed
• Investor: NGP Capital
• Introduction: A decentralized cloud platform that connects global hardware providers with cloud developers, offering high-performance, scalable, and secure cloud infrastructure through SLA oracle nodes and a transparent protocol marketplace.

Acurast

• Financing Amount: 5.4 million USD (public sale round)
• Introduction: Acurast is the first decentralized trusted computing network powered by smartphones. By transforming mobile phones into computing nodes using TEE and HSM technology, it provides a privacy-friendly and energy-efficient alternative to cloud computing, suitable for AI workloads, decentralized VPNs, and data processing.

Plasma

• Financing Amount: Not disclosed
• Investor: Founders Fund
• Introduction: A high-throughput, zero-fee payment platform built on Bitcoin. Supports over 1000 transactions per second of USD₮ transfers, introduces Nakamoto PoS consensus mechanism and hybrid account architecture, and supports modular smart contracts.

XNET Foundation

• Financing Amount: Not disclosed
• Investor: Alpha Sigma Capital
• Introduction: Decentralized Wireless Network (DeWi), operates on the Solana blockchain. User-deployed enterprise-grade Wi-Fi and CBRS nodes provide data offloading for operators, and node operators receive $XNET rewards based on online duration, bandwidth, and other factors.

Astar Network

• Financing Amount: Not disclosed
• Investor: Animoca Brands
• Introduction: A multi-chain smart contract platform that connects the Polkadot and Ethereum ecosystems, supporting interoperability between EVM and Wasm smart contracts. It incentivizes developers through Build2Earn and dApp Staking, and integrates with Soneium Layer 2 developed by Sony.

VOYA Games (Craft World)

• Funding Amount: 5 million USD
• Investors: 1kx*, Makers Fund*, RockawayX, etc.
• Introduction: Berlin-based Web3 game studio developing player-centric blockchain games. The first game "Craft World" is a resource management game set in a post-apocalyptic background, where players collaborate with dinosaurs to rebuild civilization. The game ecosystem is interconnected through Dyno Coin.

Tokeny

• Financing Amount: Not disclosed (merger and acquisition round)
• Investor: Apex Group
• Introduction: An enterprise-level asset tokenization platform based on the ERC-3643 standard, achieving on-chain compliance, KYC/AML automation, and full lifecycle management of assets. It supports asset classes such as real estate, funds, and private equity, while being compatible with traditional financial systems.

Slash

• Financing Amount: 41 million USD (Series B)
• Investor: Goodwater Capital*
• Introduction: A new type of banking platform designed for online businesses, offering customized financial services: accounts, virtual/physical cards, ACH/Wire transfers, accounting software integration, etc. Supports multiple users, account partitioning, and management of encrypted fiat currencies, suitable for e-commerce, marketing, and Web3 companies.

TrueX

• Financing Amount: 11 million USD (Series A)
• Investors: Accomplice Blockchain*, RRE Ventures*, PayPal Ventures, etc.
• Introduction: A non-custodial, stablecoin-native cryptocurrency exchange that uses PYUSD for settlement, featuring a self-matching engine, third-party custody (such as Paxos) to ensure security, and supports advanced APIs and global liquidity services.

ClaimLink

• Financing Amount: Not disclosed (merger round)
• Investor: Origyn
• Introduction: A decentralized NFT distribution platform built on ICP (Internet Computer Protocol). Supports the distribution of digital assets via links, QR codes, and bulk delivery, eliminating gas fees, providing a user-friendly experience similar to Web2, and is compatible with Plug and NFID wallets.

Bitlayer

• Financing Amount: Not disclosed
• Investor: MN Capital
• Introduction: A Bitcoin secure equivalent Layer 2 solution built on BitVM, aimed at enhancing the scalability, efficiency, and security of Bitcoin transactions, providing advanced Bitcoin infrastructure for Web3.