šŸš€TrendX Financing Daily NewsĀ 04/04/2024

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怐1怑Young Protocol

Amount: $8 million

Stages: Pre Seed Round

Date: April 2

Investors: Eureka Meta Capital

Category: DeFi, Social

Description: Young Protocol is a multi-chain SocialFi protocol dedicated to reducing interaction costs and improving social experience. It aims to enable users to interact with projects on different public chains with one click through its Multichain and Bridge field technologies.

Twitterļ¼šhttps://twitter.com/Youngprotocol23

怐2怑Legitimate

Amount: $4.3 million

Stages: Seed Round

Date: April 3

Investors: Lemniscap, Draper Associates, Sfermion Factor VC, VERBAL, Jeff Miyahara

Category: NFT, NFT Solution

Description: Legitimate is an on-chain framework designed to keep physical assets in-sync with their digital counterparts. By using NFC and blockchain technology, Legitimateā€™s ā€˜Locked NFT Protocolā€™ securely links physical products (using the LGT Tag) to distinct digital identities on the blockchain. Use cases extend to: authentication and ownership history, tracing products for sustainability and circularity, facilitating exclusive digital content for product owners, collecting information for marketing and analytics and much more.

Websiteļ¼šhttps://www.legitimate.tech/

Twitterļ¼šhttps://twitter.com/legitimatetech

怐3怑Gasp

Amount: $5 million

Stages: Private Placement Round

Date: April 3

Investors: CMS Holdings, Master Ventures, Token Metrics, Cluster Capital, Polychain

Category: DeFi, Infrastructure, Layer1, DEX, zk

Description: Gasp is a L2 cross-rollup protocol, with the vision to make Ethereum the settlement layer for all cross-chain transactions. Gasp offers native cross-chain swaps without resorting to traditional bridges through the power of escape hatches which guarantee the withdrawal of user funds at all times, ZK proofs and decentralized sequencers.

Additions: Gasp raised $ 4.2 M in funding round on April 28, 2022;Gasp raised $ 1.4 M in funding round on June 16, 2021

Websiteļ¼šhttps://www.gasp.xyz/

Twitterļ¼šhttps://twitter.com/gasp_xyz

怐4怑Privasea

Amount: Undisclosed

Stages: Strategic Financing

Date: April 3

Investors: OKX Ventures, TanƩ, Laser Digital

Category: Infrastructure, DePIN, Artificial Intelligence

Description: Privasea is a decentralized AI network that enables the circulation of data_value by FHEML. The Network provides distributed computing resources for the FHE AI operations. The whole system is supported by ZAMAā€™s concrete ML and incentive crowdsourcing by $PRVA tokens.

Additions: Privasea raised $ 5 M in Seed round on March 4, 2024

Websiteļ¼šhttps://www.privasea.ai/

Twitterļ¼šhttps://twitter.com/Privasea_ai

怐5怑Raiinmaker

Amount: $7.5 million

Stages: Seed Round

Date: April 3

Investors: Jump Capital, Cypher Capital, Gate Labs, Krypital Group, MEXC Ventures, Alphabit Fund, NewTribe Capital, Sheesha Finance, Andromeda Capital, Arcanum Capital, GDA Capital, Alpha Sigma Capital, Axia8 Ventures, Launchpool, Coach K

Category: Infrastructure, Artificial Intelligence

Description: Raiinmaker is building decentralized AI tools and web3 infrastructure to undergird sports, gaming and entertainment projects. Users can train AI from their iOS or Android phones, receiving rewards proportional to their impact on the AI models.

Websiteļ¼šhttps://www.raiinmaker.com/

Twitterļ¼šhttps://twitter.com/Raiinmakerapp

怐6怑Sanctum

Amount: $350,000

Stages: Expanded Seed Round

Date: April 3

Investors: BOOGLE, Deni Ershtukaev, David Lu, Retired Chad Dev, Michael Laine, macbrennan, kelxyz

Category: DeFi, LSD

Description: Sanctum is a new primitive built on Solana to power liquid staking and bring Solana into an infinite-LST future. Sanctum enables users that stake SOL natively or with a liquid staking token (LST) to tap into a powerful unified liquidity layer

Additions: Sanctum raised $ 5.75 M in Seed round on December 21, 2021

Websiteļ¼šhttps://www.sanctum.so/

Twitterļ¼šhttps://twitter.com/sanctumso

怐7怑Zeus Network

Amount: $8 million

Stages: Undisclosed

Date: April 3

Investors: Mechanism Capital, OKX Ventures, Animoca Ventures, Big Brain Holdings, Lemniscap, Spartan Group, Muneeb Ali, Andrew Kang, Anatoly Yakovenko

Category: Infrastructure, Cross-chain communication

Description: Zeus Network serves as a crucial permissionless layer, harnessing the formidable strengths of both Solana and Bitcoin, that enables dynamic, secure composability, creating a decentralized ecosystem for seamless user engagement and liquidity interaction. Zeus Network is NOT a bridge. Because liquidity providers on each chain do not receive liquidity back on the other chain, the assets provided on each chain are protected by their respective protocols.

Websiteļ¼šhttps://zeusnetwork.xyz/

Twitterļ¼šhttps://twitter.com/ZeusNetworkHQ

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