GSR Ventures and Initiate Capital are likely prominent venture capital firms that specialize in funding early-stage startups. Their involvement in MEEET’s seed round could be seen as a positive sign for the company’s potential success, as these firms are known for their ability to identify promising investment opportunities.

MEEET has successfully secured significant funding from notable investors, which could help the company to continue developing its products and services and ultimately achieve its goals.

The purpose of a seed round of financing, such as the one completed by MEEET, is to raise capital to support the development and growth of a startup company. In this case, MEEET is likely using the funding to further develop its products and services. Expand its team, invest in marketing and sales efforts, and possibly explore new markets or opportunities.

Seed funding is typically used to cover early-stage expenses such as research and development, product design, and market testing. By raising this capital, MEEET can fund its operations and continue to grow its business. Which can lead to attracting additional investment and ultimately bringing its products and services to market.

For investors, seed funding provides an opportunity to invest in a company at an early stage. And potentially reap significant financial returns if the company is successful in the long term. Therefore, seed funding is a critical stage for startups, as it provides the necessary resources. To turn their ideas into reality and lay the foundation for future growth.

About MEEET

MEEET is a Web3 Farm Game with inbuilt Game-Fi and Social-Fi elements. Players with NFT farmers can complete tasks by planting, harvesting, feeding animals, processing products in factories and selling products to earn currency. This currency can either be used in-game or cashed out for profit.

Players can gather their friends and form a guild. Typically, the more friends you have, the faster you can complete tasks, which means you can earn tokens more easily.

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SOURCE: MEDIUM

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The $2.5M seed round was completed by Thallo to build a better voluntary marketplace that is more efficient, and democratic and ensures funding goes to projects—not intermediaries.

Leading Investors of Enterprise Blockchain

Investors include enterprise blockchain and crypto company Ripple and lead investors Arcan LLC and Friendly Trading Group 2.  As well as Allegory, Cerulean Ventures and Flori Ventures. Thallo has received a grant from Layer 1 blockchain Celo, via the Climate Collective, and has also entered into a technical partnership with Ripple.

“The only realistic way to make real progress on the climate emergency is to increase participation,” said Ryan Gledhill, Thallo Co-Founder and CEO. “That means that every person who wants to invest in the future of our species. Every investor seeking to capitalize on ESG, and every company that wants to be a force for good benefit from effortless, direct access to the voluntary carbon market. That’s precisely what Thallo provides, and our investors and partners are entirely aligned in our mutual goal.”

Thallo’s flagship carbon exchange

Created by climate tech experts and blockchain entrepreneurs, Thallo fills a major gap in today’s voluntary carbon market by sitting at the nexus between legacy carbon market players and web3 innovation. The company is using blockchain technology to build a better voluntary marketplace that is more efficient, democratic and ensures funding goes to projects—not intermediaries.

Thallo’s flagship carbon exchange will allow businesses and individuals to filter, find and purchase high-quality. Verified carbon credits directly from project developers, using blockchain technology to make the process efficient, traceable and transparent. Key differentiators include the company’s non-commoditized approach to carbon credits. Thallo’s focus on working directly with project developers to ensure fair value to them.

The company has already made major progress: Thallo recently announced that it will launch the world’s first two-way carbon bridge in collaboration with award-winning Colombia-based registry BioCarbon Registry, the first time a carbon registry has included the tokenization of carbon credits as part of its process. Through the two-way bridge, companies and individuals can move credits on and off the blockchain. Allowing for easy buying, selling and retiring of credits with full transparency and traceability.

The founding team represents a balanced mix of web3 and climate tech capabilities. Including sustainability expert Joe Hargreaves and veteran blockchain developers and serial entrepreneurs Ryan Gledhill and Adam Dry. They’re complemented by Hayley Moller, a climate communications expert with an INSEAD MBA. An environmental science background who leads marketing for the business. The company has ten full-time staff.

Thallo’s Collaboration

Thallo has already built a strong network of partners and collaborators. Including project developers Biofix, InPlanet, TrendCO2e, UNDO, and Ventree Innovations; major web3 players Ripple, Celo, Polygon, and Chainlink; and dozens of other partners.

Thallo, one of the few blockchain expert participants invited to participate in Gold Standard’s Digital Assets Working Group and American Carbon Registry’s private consultation process, and has participated in Verra’s public consultation process.

Thallo is a member of the Carbon Business Council; Climate Collective; European Carbon Offset Tokenization Association (ECOTA); Natural Climate Solutions Alliance, convened by WBCSD and World Economic Forum; and is a signatory of the Crypto Climate Accord.

The company also recently released Fast Forward: Challenges to Scaling the Voluntary Carbon Market, a report with first-of-their-kind insights exploring key bottlenecks in project supply in today’s voluntary carbon market, and how to alleviate them.

The voluntary carbon markets are one of the fastest growing markets globally. Reaching a value of almost $2 billion for the first time in 2021. It is expect to be value at as much as $150 billion in the next 8 years.

About Thallo

Thallo uses first-of-its-kind blockchain technology to revolutionize and democratize the carbon markets. Making it easier for buyers and sellers of high-quality carbon credits to find each other. Its team of veteran blockchain entrepreneurs and climate tech professionals combine technological expertise with deep sustainability knowledge to build the carbon marketplace of the future.

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SOURCE

Thallo Lands $2.5M for Next Generation Carbon Credit Exchange Powered by Blockchain

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This latest round was led by the accelerator and venture capital fund ABCDE, founded by Huobi co-founder Du Jun and BMAN, as well as being co-led by Hash Global and Liang Xinjun. 0xScope has also garnered support from Bonfire Union, Mask Network fund, as well as BODL Ventures, an early-stage venture firm established by former editor-in-chief of ChainNews, Liu Feng.

“It is great to have this vote of confidence as well as the capital commitment from some of the most respected investors in Web3, to keep delivering great products and services as we expand our business over the long term.” said the CEO of 0xScope.

0xScope offers an innovative solution to explore jointly data originating from Web2 and Web3 in a single product. This allows translating Web3 scattered data into a well-organized knowledge graph; based on this new data layer created by 0xScope, a large number of data applications can be developed.

Watchers is the first product powered by 0xScope’s, it allows users access to enhanced due diligence, powerful address clustering tools, transaction monitoring, live event alerts, as well as financial risk control.

Recently, 0xScope has released an enterprise business-to-business service that can be integrated into any company to further enhance its current services.

In a short period of time, 0xScope has managed to generate 97,356,000 unique entities, classified 1,429,000 addresses with labels, classify 5,089,000 behavioral labels, 195,000 distinct tokens, as well as 11,000 protocols and 50,910,000 different contracts.

0xScope offers the following advantages to its users:

• Knowledge graph

Complete database and knowledge graph data structure for indexers to utilize data efficiently and cost-effectively.

• Entity paradigm shift

0xScope wants to shift the focus of attention from looking at a single address. To understanding what is the Entity behind it and to standardize this process.

• Address relation deep-scan capacity

Complete risk address tags and address clustering algorithms will help to expand the scope and quality of financial risk control in the industry: enhanced due diligence, anti-money laundry practices, and in-depth tracking. These characteristics will lead to positive feedback and increase the quality of the Web3 product experience. As elevated the security standards in the overall industry.

The seed funding will enable 0xScope to scale up its operations, form vast ecosystem enterprises and communities, enhance engineering infrastructure. As well as expand its reach into Southeast Asia, North America, Europe, South Korea, and Japan.

The company’s leadership also shared its progress on the upcoming launch of a series of partnerships. With more details to come in late September.

“We believe 0xScope is one of the most important pioneers for the upcoming paradigm changes in Web3. We sincerely look forward to cooperating and creating a new data layer for the benefit of all.” said the CEO of 0xScope.

About 0xScope

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Binance Labs and Magic Square $3 Million Seed Round

Binance Labs and Republic led a $3 Million Seed Round for Magic Square and will use the proceeds for hyper-scale user acquisition growth, product development, and team expansion. However, Magic Square is preparing to officially launch its closed beta soon. While processing verifications for app listing. Soon after, the public beta will be open to 50,000 pre-registered use.

Introduction to Magic Square

Magic Square provides Web3 solutions to make crypto more accessible for all. Users can discover and experience various dapps, CeFi and DeFi, NFTs, Games, and much more in one single space.

Therefore, Magic Square aspires to build a holistic ecosystem for developers and users to experience different worlds in blockchain by providing various product suites, including the Magic Store, MagicID, Magic Community, and Magic Affiliates.

The Magic Store is a Web3 solution where the community vets, ranks, and prioritizes the apps through a DAO mechanism, with clear earning metrics and SQR token rewards to incentivize the participation of validators, creators, and users. However, users would be able to access all of the community vetted content with one click using the MagicID.

Also, the Magic Affiliates referral program offers aspiring projects the chance to generate more traction from the store and network of partners. Simply put, project owners will only have to pay when visitors convert based on their desired criteria. 

About Binance Labs

Binance Labs identifies, invests, and empowers viable blockchain entrepreneurs, startups, and communities. Providing financing to industry projects that help grow the wider blockchain ecosystem.

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About Magic Square

Magic Square is the world’s first Web3 solution to simplify Crypto, conceptualizing the beauty of an App Store with a built-in DAO mechanism to create a highly secure and accessible environment for all dApps, CeDeFi, NFTs, Games, and more, in one single place.

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 SOURCE

https://www.binance.com/en/blog/ecosystem/binance-labs-leads-$3-million-seed-funding-for-magic-square-421499824684904080

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