🚀veDAO Financing Daily News 05/23/2023

Provide the latest and most complete industry financing news, get first-hand news, please pay attention to veDAO financing daily!

【1】Arena of Faith

Amount: $1.75 million

Stages: Seed round

Date: May 22

Investors: Chain Hill Capital, Initiate Capital

Category: Game

Description: Arena of Faith (AOF) is a 3D MOBA strategy game deployed on multi-platforms. The game supports Solo and Team modes, with immersive gaming experience, diverse game modes, and delicate Hero & Skin & Equipment system. The story in the AOF takes place on the battlefield of Vigrid, where human heroes fight against the gods of various civilizations. Players can use in-game heroes for free to engage in fair strategic battles and win rewards like fragments, materials in the game, etc. These rewards can be synthesized into higher-level transferable skin, virtual props assets, etc.



【2】Narwhal Finance

Amount: Undisclosed

Stages: Strategic financing

Date: May 22

Investors: Undisclosed

Category: DeFi, Derivatives, Perpetual Contracts

Description: Narwhal Finance is a cross-market decentralized perpetual exchange that offers a unique solution for social trading by enabling leveraged trading of all asset classes through synthetic assets. Liquidity providers on Narwhal earn a yield from trading fees and top traders’ performance, making it a profitable opportunity for all parties involved.

Additions: $1 million in seed round funding closed on March 24, 2023




Amount: $3.5 million

Stages: Seed round

Date: May 22

Investors: Lemniscap, The General Partnership

Category: Infrastructure, Developer Platform

Description: Sort is an Ethereum contract data API. Developers can use Ethereum data from the Sort API to create rich applications, including quickly determining what smart contract transactions did, viewing decoded transactions and transaction logs, and querying data across multiple transactions using SQL.




Amount: $3 million

Stages: Seed round

Date: May 22

Investors: gumi Cryptos Capital, Maven11, NGC Ventures, Newman Capital, Game7 DAO

Category: Infrastructure, wallet, account abstraction

Description: Openfort is a Web3 wallet infrastructure that allows users to sign up with various popular authentication methods such as Google, Gmail, and Twitter. It also allows gamers to make multicalls conveniently while the gas payment would be settled from the backend.



About veDAO

veDAO is an investment and funding community dedicated to discovering early-stage potential projects. By gathering public wisdom and professional opinions, veDAO provides a fair, transparent and democratic project evaluation and investment and financing process for community participants, investors and project parties, allowing all participants to share the project development dividends.

Website: https://app.vedao.com/

Twitter: https://twitter.com/vedao_official

Telegram: https://t.me/veDAO_EN

Discord: https://discord.gg/NEmEyrWfjV

Subscribe to TrendX
Receive the latest updates directly to your inbox.
Mint this entry as an NFT to add it to your collection.
This entry has been permanently stored onchain and signed by its creator.