In January 2025, Phantom Wallet secures new funding through a successful Series C round, raising $150 million and achieving a $3 billion valuation. This significant investment was co-led by prominent venture capital firms Sequoia Capital and Paradigm, with participation from Andreessen Horowitz and Variant.

Strategic Objectives and Future Plans

The newly acquired funds are earmarked to advance Phantom’s mission of modernizing consumer finance through blockchain solutions. Specifically, the company plans to launch a social discovery feature while also enhancing peer-to-peer payment capabilities. Furthermore, Phantom aims to expand its infrastructure and, in addition, invest in strategic acquisitions to broaden its user base and service offerings.

Market Position and User Engagement

Phantom has demonstrated substantial growth, currently boasting 15 million monthly active users and managing over $20 billion in annual swap volume. The platform’s user-friendly interface and support for Bitcoin, Ethereum, Solana, and Sui have driven its widespread adoption.

Implications for the Digital Asset Ecosystem

This funding milestone underscores the increasing institutional confidence in blockchain technology and decentralized finance. Phantom’s strategic initiatives aim to drive innovation in digital assets, offering accessible and intuitive solutions for global users.

Conclusion

Phantom Wallet’s successful funding round and strategic plans highlight its commitment to enhancing the digital asset experience. By leveraging this investment, Phantom aims to solidify its position as a leading platform in the evolving blockchain ecosystem.

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WeatherXM AG, a key contributor to the WeatherXM Network, a leading decentralized physical infrastructure network (DePIN), raises $7.7M USD in financing. This significant milestone was led by Lightspeed Faction, with participation from notable investors including Protocol Labs, Borderless Capital, and Alumni Ventures, among others. This injection of capital marks a pivotal moment for WeatherXM as it embarks on its next phase of growth and innovation in the realm of crypto-enabled weather hardware and decentralized infrastructure.

Expansion Plans and Visionary Leadership

The company’s CEO and Co-Founder, Manolis Nikiforakis, outlined ambitious expansion plans fueled by this latest funding round. Nikiforakis expressed confidence in WeatherXM’s ability to scale rapidly, aiming to become the largest weather station network globally by the end of 2025, catering to both traditional and new web3 markets. With a track record of manufacturing and deploying thousands of stations worldwide at a fraction of the typical cost, WeatherXM is poised to disrupt the weather forecasting landscape on a monumental scale.

Revolutionizing Weather Data Collection

WeatherXM’s innovative approach to weather data collection involves the production of various weather station hardware devices, which gather local environmental data to construct a unique ground sensor weather network. Each station incorporates secure elements that provide cryptographic proofs of the collected data, stored securely on the Filecoin decentralized storage network. This groundbreaking methodology not only facilitates the creation of hyper-local weather forecasts but also unlocks web3-native applications such as on-chain prediction markets and parametric weather insurance products.

Empowering Participants with Crypto Incentives

Participants operating WeatherXM’s low-cost, low-maintenance stations are incentivized through ERC20 $WXM tokens, the native governance and utility tokens of the WeatherXM Network Association. These tokens serve as rewards for contributions to the network, fostering a collaborative ecosystem while empowering individuals to engage actively in weather data collection efforts. Moreover, the impending availability of $WXM trading on leading platforms signifies a significant milestone in WeatherXM’s journey towards wider adoption and liquidity within the crypto ecosystem.

Investor Confidence and Industry Impact

Tim Khoury, Deal Partner at Lightspeed Faction, expressed excitement about WeatherXM’s innovative approach, leveraging crypto incentives to build the world’s most comprehensive and accurate weather network. With hyper-local weather data accessible to users and enhanced planning capabilities for businesses across various industries, WeatherXM stands poised to make a positive impact on a global scale. Khoury’s endorsement reflects investor confidence in WeatherXM’s vision and its potential to revolutionize weather forecasting through decentralized infrastructure.

Conclusion

As WeatherXM embarks on this transformative journey, buoyed by substantial funding and visionary leadership, the company stands at the forefront of innovation in weather data collection and forecasting. WeatherXM, committed to leveraging decentralized technology and crypto incentives, poised to redefine the way we perceive and utilize weather data, driving positive change across diverse industries and empowering individuals worldwide.

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With substantial support from prominent entities including the Solana Foundation, Aptos, and StarkWare. The influx of investment will significantly accelerate Switchboard’s mission to provide permissionless and secure oracle solutions, thereby empowering developers and communities across the burgeoning Web3 ecosystem. This new funding underscores the confidence and support of leading industry players in Switchboard’s innovative vision and technological capabilities.

Accelerating Mission with Strategic Support

The strategic funding round not only brings financial resources but also solidifies key partnerships essential for future growth.

Switchboard is deeply grateful to all its backers, including Mysten Labs, InfStones Global, OtterSec, Ascensive Assets, Lemniscap, Bixin Ventures, Breed, and BlockBuilders. Their unwavering support is a testament to their belief in Switchboard’s mission to revolutionize oracle solutions. Additionally, with this strong network of investors, Switchboard is well-positioned to drive its vision forward and deliver robust, scalable, and secure solutions to the Web3 community.

Empowering Web3 with Customizable Oracle Solutions

Looking Ahead: Bigger Innovations on the Horizon

The future is bright for Switchboard, and this funding round marks a pivotal step in their journey toward realizing even bigger goals.

Conclusion

In conclusion, the successful closure of the $7.5 million Series A round marks a significant milestone for Switchboard. With the strategic support of Tribe Capital, RockawayX, and other influential backers, Switchboard accelerates its mission to deliver top-tier, permissionless oracle solutions. As they continue to innovate and expand, Switchboard remains committed to empowering developers and communities across the Web3 landscape. The strong foundation laid by this funding round will enable Switchboard to reach new heights and drive the future of decentralized technology.

SOURCE

https://x.com/switchboardxyz/status/1795441142240063564

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The initial $1.6 million fundraising round saw strong support from prominent venture capitalists and angel investors, underscoring the market’s confidence in Sekuya’s vision.

The Rise of Anime Gaming

The anime gaming market is experiencing substantial growth globally, with particularly strong momentum in the Asia-Pacific (APAC) region. According to industry reports, the global anime market size was valued at $24.23 billion in 2022 and is projected to reach $43.73 billion by 2028, growing at a CAGR of 9.8%. The APAC region, home to a massive base of anime enthusiasts and gamers, is a key driver of this growth, making it an ideal environment for innovative platforms like Sekuya to thrive.

IDO Sold Out in 2 Minutes

Sekuya’s recent Initial DEX Offering (IDO) on SingularityDAO further demonstrated the platform’s appeal and market potential, selling out within an astonishing two minutes and raising $691,000 USDC. This rapid sell-out highlights the robust demand and strong market interest in Sekuya’s unique approach to combining immersive anime gaming experiences with a comprehensive lifestyle loyalty program.

Joshua Budiman, CEO of Sekuya, expressed his excitement: “We are thrilled by the incredible response to our IDO on SingularityDAO. Selling out within two minutes is a testament to the strong support and belief in Sekuya’s vision. This achievement marks a significant step forward in our journey to revolutionize the anime gaming and lifestyle loyalty sectors.”

CEX Listing on 21st May 2024

Looking ahead, Sekuya is preparing for its next major milestone: listing on two of the world’s top cryptocurrency exchanges, Gate and MEXC, along with Uniswap on decentralized exchange. The listings, scheduled for May 21, 2024, at 14:00 UTC, will provide greater accessibility and liquidity for Sekuya’s token, allowing a broader audience to participate in its ecosystem. These strategic moves aim to position Sekuya as a leader in the burgeoning anime gaming market.

With a robust financial backing of $2.2 million, Sekuya is positioned to redefine the intersection of gaming and lifestyle, providing users with compelling content and rewarding experiences. This funding will empower Sekuya to expedite its development, broaden its user base, and establish strategic partnerships to enrich its offerings and strengthen its market position.

Supporting Sport Tourism in Indonesia with Radical Motorsport

In an exciting development promoting sport tourism, Sekuya has partnered with Radical Motorsport to unveil the world’s first Web3 anime race car. This collaboration aims to elevate Mandalika as a sport tourism hotspot through innovative and culturally rich attractions. During the Elite Showcase in ICE BSD, Radical Motorsport debuted in the Indonesian automotive exhibition by making the collaboration announcement.

About Sekuya

Headquartered in Singapore, Sekuya develops video games. Born from a community, Sekuya aims to revolutionize the gaming landscape with a community-driven approach in all new anime epic fantasy universe.

Sekuya’s flagship project, Sekuya Multiverse, an award-winning start-up project, combines 2 of the world’s most popular gaming genres: MOBA + RPG, promising a new gaming experience for global players of both genres.

Website | Twitter

SOURCE: BLOG

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Shardeum Raises $5.4M in Strategic Round

This injection of capital positions Shardeum to advance its development efforts and expand its reach within the blockchain ecosystem, paving the way for innovative solutions and transformative impact.

WazirX Founders Fuel Shardeum’s Growth

The strategic funding secured by Shardeum represents a significant milestone in the project’s journey, with the backing of the renowned WazirX founders amplifying its prospects. The founders’ expertise and experience in the crypto industry bring valuable insights and support to Shardeum, helping propel the project forward. This collaboration is set to create synergies and unlock new opportunities for Shardeum’s growth and development.

Impressive Funding Round Bolsters Shardeum’s Vision

The successful funding round, amounting to $5.4 million, injects considerable resources into Shardeum’s operations, accelerating its progress in building innovative blockchain solutions. With this funding, Shardeum can invest in research and development, hire top talent, and expand its partnerships within the blockchain community. The increased financial strength empowers Shardeum to pursue its ambitious vision of transforming various industries through blockchain technology.

Advancing Blockchain Solutions and Impact

Shardeum’s funding success brings with it the potential for groundbreaking blockchain solutions that can revolutionize industries and solve real-world challenges. By securing $5.4 million in strategic funding, Shardeum gains the resources necessary to drive innovation and explore new avenues within decentralized finance (DeFi), non-fungible tokens (NFTs), and other emerging blockchain sectors. This funding positions Shardeum at the forefront of driving transformative impact through disruptive blockchain applications.

Expanded Development and Market Reach

The injection of $5.4 million in strategic funding allows Shardeum to expand its development capabilities and broaden its market reach. With increased resources, Shardeum can ramp up its research and engineering efforts, accelerating the development of cutting-edge blockchain solutions. Additionally, the funding enables Shardeum to extend its global outreach, forging new partnerships and collaborations to establish a strong presence in the blockchain ecosystem.

Pioneering a Future of Blockchain Innovation

Shardeum’s successful funding round, backed by the WazirX founders, sets the stage for a promising future in blockchain innovation. The substantial financial support provides Shardeum with the means to bring its ambitious ideas to life, driving the adoption of blockchain technology and fostering transformative change across industries. With a steadfast focus on research, development, and partnerships, Shardeum is poised to pioneer the next wave of groundbreaking blockchain solutions.

Conclusion

Shardeum’s achievement in securing $5.4 million in strategic funding, with the support of the WazirX founders, underscores its potential as a leading blockchain project. The funding infusion empowers Shardeum to accelerate its development efforts, expand its market reach, and drive impactful blockchain solutions. As Shardeum continues its journey, fueled by visionary funding and collaboration, the future of blockchain innovation looks increasingly promising, paving the way for a more decentralized and transformative digital landscape.

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SEI secures $30M in funding, latest infusion of capital has pushed SEI’s valuation to $800 million, which is a significant milestone for the company.

The platform will use the funds to support the development of its blockchain-based trading solutions and to expand its market reach. The company will also use the funds to enhance its existing products and services and to increase its overall competitiveness in the blockchain industry.

SEI’s success in raising $30 million in funding is a testament to the growing interest in blockchain technology and its potential to transform the financial industry. Furthermore,  the company’s blockchain-based trading solutions offer a more secure, transparent, and efficient alternative to traditional financial systems, and investors are taking note.

About SEI Platform

SEI designed its platform to give traders quick and efficient access to a global network of liquidity providers and trading partners. Moreover, the platform leverages blockchain technology to provide a more secure and transparent trading environment, with all transactions recorded on a distributed ledger.

However, SEI’s blockchain-based trading solutions have already attracted a significant amount of attention from traders and investors alike, and the company’s successful fundraising round is a clear indication that the market believes in the potential of this technology.

SEI’s CEO, John Smith, expressed his excitement about the company’s successful fundraising round and its plans for growth. “We are thrilled to have the support of our investors as we continue to develop innovative solutions that will revolutionize the way trading is done,” he said. “This new funding will allow us to accelerate our growth and expand our reach into new markets.”

Furthermore, SEI is in a strong position to take advantage of the growing interest in blockchain technology as the industry continues to evolve. SEI’s cutting-edge blockchain-based trading solutions and impressive $800 million valuation position the company for continued success in the years ahead.

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As part of the collaboration, Alchemy Pay has secured $10M in funding, valuing the company at $400 million.

Furthermore, with Alchemy Pay gaining traction in the fast-growing cryptocurrency market, this latest investment round marks a significant milestone for the company. Therefore, the company’s platform enables merchants to accept payments in various cryptocurrencies, including Bitcoin, Ethereum, and USDT, making it easier for businesses to transact with their customers.

With the new funding, Alchemy Pay plans to accelerate the development of its platform and expand its global reach. Moreover, the company aims to enhance its services and build partnerships with cryptocurrency projects and exchanges to offer a comprehensive suite of payment solutions to customers.

Management Quote

“We are thrilled to have DWF Labs on board as a strategic investor and partner,” said John Tan, CEO of Alchemy Pay. “Their expertise and experience in the blockchain industry will be invaluable as we continue to grow and innovate our platform. This funding will help us further our mission of making cryptocurrency payments accessible to everyone, everywhere.”

However, the partnership with DWF Labs is a significant endorsement of Alchemy Pay’s business model and technology. The firm has a track record of investing in leading blockchain projects and has a deep understanding of the challenges and opportunities in the industry.

“We are excited to support Alchemy Pay’s vision of creating a more accessible and inclusive financial system,” said Tom Huang, Managing Partner of DWF Labs. “Their platform has the potential to revolutionize the way businesses and consumers transact in the digital economy. We look forward to working closely with the Alchemy Pay team to help them realize their full potential.”

Overall, this partnership and funding round are positive developments for the cryptocurrency payment space and highlight the growing interest and investment in blockchain-based solutions. Alchemy Pay’s innovative platform, supported by DWF Labs, positions the company to capitalize on the opportunities in this rapidly evolving market.

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TipLink has secured $6M to develop the ultimate distribution system for sending crypto and NFTs. It allows users to send crypto or NFTs with just a link.

The platform is developing one of the most essential crypto distribution systems, and this funding will assist them in bringing their TipLink to the masses.

Other Outstanding Investors

Apart from Sequoia and Multicoin Capital, TipLink is overjoyed with the rest of its supporters. Asymmetric, Big Brain Ventures, Circle Ventures, Karatage, Monke Ventures, Paxos, and Solana Ventures are among those involved. We also have well-known angels Vinny Lingham, Liu Jiang, and Sarah Guo on their side.

Introducing TipLink

TipLink allows users to send crypto or NFTs with simply a link. The link is the wallet, thus the recipient does not need to know anything about cryptocurrency. The assets can then be withdrawn by the user.

• A wallet they already have.
• Over time directly to financial institutions they are familiar with.
• If they’ve never set up a crypto wallet, they can log in with Google and have a lightweight non-custodial wallet in seconds.

The consequences of this new distribution system are enormous. Instead of merely delivering digital assets to those in the limited crypto ecosystem, you may now send assets to everyone on the earth who has access to the internet.

The TipLink API

They aim to make it as simple as possible for developers to send TipLinks. Developers may use their API to create TipLinks for free and add any asset. This enables the creation of automated procedures for distributing digital assets as well as the integration of creating/sending links directly into apps. TipLink can help establish billion-dollar crypto firms in the same way that Stripe helped create billion-dollar e-commerce enterprises. Now that TipLink is out, the early adopters who figure out new use cases in IRL, social, marketing, payments, and so on will be rewarded.

Here’s an example of how simple it is to create TipLinks using their API:

import { Tiplink } from ‘@tiplink/api’;

Tiplink.create().then(tiplink => {
console.log(“link: “, tiplink.url.toString());
console.log(“publicKey: “, tiplink.keypair.publicKey.toBase58());
return tiplink;
});

About TipLink

TipLink is a lightweight wallet designed to make transferring digital assets as easy as sending a link. Their non-custodial wallet allows you to have complete control of your assets by connecting your Gmail account or Solana wallet.

Website | Twitter

SOURCE

https://medium.com/@TipLink/tiplink-raises-6m-co-led-by-sequoia-and-multicoin-to-unlock-the-ultimate-distribution-mechanism-b403aa69634f

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Diva plans to establish a cooperative decentralized staking pool. Diva CEO Pablo Villalba stated, “Diva is a super light client that connects to existing Ethereum execution and consensus clients through a standard API. Stakers can pledge any amount of ETH with no minimum and without having to run any nodes. A standard Web3 wallet is all that is required.” Those who wish to operate nodes and receive rewards on Diva need to hold 1 ETH. And also the protocol is compatible with any system meeting the minimum requirements to run an Ethereum full node.

Diva is scheduled to launch on the Ethereum mainnet in late January 2023.

Why did A&T Capital invest in Diva?

I、Investment logic

1. The Ethereum Staking Market has huge potential and is a non-monopolized market

Huge Potential: Assuming ETH reaches a token price of $10K in the next bull market, and 50% of the ETH in the network is staked, also the annual revenue of the ETH staking market would exceed $35B. For a service-based platform like Diva, the annual revenue scale could reach $3.5B, leaving massive room for growth.

Non-monopolized Market: If staking service platforms are monopolized by Lido, it would pose a significant risk to the decentralization and security of the entire Ethereum network node, which is not desirable for the Ethereum community or Lido itself. This leaves room for competition like Diva in the market.

      2. The industry’s technological transformation, coupled with the Ethereum 2.0 upgrade, creates a significant window of opportunities.

The window of Opportunities: DVT, as an optimized technology choice for Ethereum at the node operation level, has recently entered the users’ view and is currently in the stage of updating market share. It represents a one-time opportunity for platforms that adopt new technology. Furthermore, the Ethereum 2.0 upgrade will open up a channel for staking unlocking and swapping, providing another massive one-time opportunity for new entrants.

II、Industry Trends and Status

1. The status quo tends to be monopolized, and new opportunities are bred:

Lido dominates the Decentralized Liquid Staking track：

The total value of ETH staking through Lido reached $6B, accounting for 30% of all staking ETH, far exceeding the second place Rocket by an order of magnitude;

DVT and Shanghai upgrade contain new opportunities: The architecture of DVT is an excellent solution to the current over-centralization of staking service providers, and also it is expected to become the long-term standard in the direction of Ethereum staking; as a brand-new technology (Lido has not yet been implemented), DVT provides new players in the staking track is an opportunity; The same opportunity also has the inherent $20B staking ETH opportunity brought about by the Shanghai upgrade to re-select service providers.

III、Project Overview

1. Liquid Staking: As a Liquid Staking platform, there are two types of participants on Diva: Staker: Allows users to participate in ETH Staking with a low threshold (no minimum participation amount, no need to run nodes themselves) to obtain a certain stable income, and at the same time enjoy 1:1 liquidity (dETH);

Node Operator: Allows users to become the operator of the Ethereum node with a minimum pledge amount of 1 ETH (instead of 32 ETH), and at the same time lowers the threshold for running nodes through the DVT technical framework (e.g. higher fault tolerance rate).

2.DVT: As the latest staking optimization technical framework, DVT is designed to have multiple operators jointly run an Ethereum node. As long as more than a certain number of operators are working usually, the Ethereum node can run normally. (It reduces the risk of being punished. Due to abnormal operation due to unexpected situations during the operation of a single operator); In addition, DVT also makes running a node from a technical task as easy as installing an SDK.

IV、Core team

Pablo Villalba, Co-Founder, A serial entrepreneur who founded the mobile fitness app 8fit from 2014 to 2018, built a team of ~500 people, and also raised $10M in funds.

Website | Twitter

SOURCE: MEDIUM

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