The AI zone's weekly increase has nearly doubled! The wealth code must be the "effect" of institutions like Paradigm.

Overview of Web3 Project Related Data Since This Week (2024/03/21—2024/03/27): According to incomplete statistics, there have been 33 financing events; the total amount of disclosed financing events exceeds 200 million USD; among them, 11 have not been disclosed; there are 10 events with financing amounts between 0 and 5 million USD; 6 events with financing amounts between 5.01 million USD and 10 million USD; and 6 events with financing amounts between 20.01 million USD and 100 million USD;

This week’s financing projects cover multiple sectors, including CeFi (solutions, asset management), DEX, zk, privacy, social, application chain, LSD, NFT, DeFi (derivatives, liquidity payments, lending), gaming, metaverse, wallet, account abstraction, artificial intelligence, DePIN, cloud computing, Layer2, Bitcoin ecosystem, modular blockchain, BRC20 (tools), Layer1, and more.

These financing events include but are not limited to Paradigm, a16z Crypto, Binance Labs, Coinbase Ventures, Pantera Capital, Framework Ventures, Spartan Group, Alameda Research, OKX Ventures, CMCC Global, Fenbushi Capital, Founders Fund, Sequoia Capital, Polychain Capital, Dragonfly Capital.

Many powerful institutions such as DCG, Galaxy Digital, Hashed, IDG Capital, Blockchain Capital, etc. participated in the investment; (in no particular order)

Details of projects with financing amounts exceeding ten million:

#2024-03-21

Decentralized prover network Succinct: ; Completed $43 million Series A funding, led by Paradigm. Several institutions including Robot Ventures, Standard Crypto, Geometry, Bankless Ventures, ZKValidator participated in the investment; Succinct unified the proof supply chain, providing highly available proof generation infrastructure and top-tier pricing for rollups, co-processors, and other applications utilizing zero-knowledge proofs.

#2024-03-21

High-throughput EVM-compatible privacy blockchain Espresso Systems: has completed a $28 million Series B financing led by a16z Crypto. Several institutions participated, including Arbitrum, StarkWare, Alexander Salnikov, Anshu Agrawal, and Mara Schmiedt; Espresso Systems is an EVM-compatible blockchain that provides scalability and privacy systems for Web 3 applications. By combining PoS consensus protocol with zk Rollup mechanisms, Espresso Systems packages multiple transactions in a more resource-efficient manner.

#2024-03-26

Open world RPG adventure game llluvium:; It has completed a $12 million Series A financing round with participation from King River Capital, Arrington Capital, Animoca Brands, Spartan Group, Arca and several other institutions. Illuvium is an open-world RPG adventure game based on the Ethereum blockchain that allows players to collect, trade, and battle NFT assets. In addition, Illuvium will offer these features with zero gas fees by building on top of Immutable X, a Layer-2 solution.

#2024-03-26

3A game developer Gunzilla Games: has completed a $30 million Series A financing round, led by CoinFund and Blizzard Fund, with participation from Republic Capital and Morningstar Ventures; currently developing “Off The Grid” (OTG), a cyberpunk battle royale 2.0 game.

#2024-03-26

Modular AI Blockchain 0G: Completed $35 million Pre-seed round financing, led by Hack VC, with participation from several institutions including Dispersion Capital, IMO Ventures, Alumni Ventures, Samsung Next, and Lecca Venture.

0G is a modular AI blockchain with a scalable and programmable DA layer suitable for AI dapps. Its modular technology will enable frictionless interoperability between chains while ensuring security, eliminating fragmentation, and maximizing connectivity to achieve a weightless and open metaverse.