[New Fundraising] Lnfi Network raised a Pre-seed fundraising round, HashKey Capital and others participated in

Lnfi Network(formerly NostrAssets) is an all-in-one financialization L2.5 that brings web3 and tokenization to Lightning Network with TaprootAssets.

More about Lnfi Network :
https://www.rootdata.com/Projects/detail/Lnfi%20Network?k=OTkyOA%3D%3D

Source:
https://lnfinetwork.medium.com/lnfi-network-closed-a-pre-seed-round-to-reconstruct-defi-on-the-bitcoin-lightning-network-79b15f96e17e

[New Fundraising] Exponent Finance Raises a $2.1M fundraising round led by RockawayX

Exponent is a Solana’s DeFi fixed rate market.The time-locked tokens it issues can generate fixed returns or be used for yield trading. These tokens have an expiration date, enabling users to exchange variable DeFi returns for fixed returns within a set time span, or expand their exposure to yield volatility.

More about Exponent Finance:
https://www.rootdata.com/Projects/detail/Exponent%20Finance?k=MTUxMzc%3D

Source:
https://x.com/ExponentFinance/status/1859620007937806617

[New Fundraising] Shinami Raises $5.645 Million in Seed Funding led by Race Capital

Shinami is building the foundational developer platform for Sui. Their products are designed to help teams build apps faster, with better UX and less overhead: node services, gas stations, and in-app wallets.

More about Shinami:
https://www.rootdata.com/Projects/detail/Shinami?k=NzQ2Nw%3D%3D

Source:
https://www.prnewswire.com/news-releases/shinami-raises-5-645-million-in-seed-funding-to-be-the-consensys-for-move-302310664.html

[New Fundraising] Heurist raised $2M Pre-Seed round of financing, with participation from Amber Group and others

Heurist is a Layer 2 network for AI model hosting and inference, built upon ZK Stack. It provides serverless access to open-source AI models hosted by a decentralized network of computing resources.

More about Heurist:
https://www.rootdata.com/Projects/detail/Heurist?k=MTE3MzM%3D

Source:
https://x.com/heurist_ai/status/1856881930634932510

[New Fundraising] Crypto-AI startup 0G Labs raises $40 million seed

0G is a Modular AI Chain with the scalable programmable DA layer for AI dapps. Its modular technology will enable frictionless interoperability between chains while ensuring security, eliminating fragmentation and maximizing connectivity for a weightless and open meta-uni-verse.

More about 0G: https://www.rootdata.com/Projects/detail/0G?k=MTEwOTE%3D

Source:
https://www.theblock.co/post/326241/crypto-ai-startup-0g-labs-funding-token-commitment

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[New Fundraising] Layer 1 blockchain developer Pharos raises $8 million in seed funding

Pharos is an Ultra-fast, EVM-compatible, Internet Scale Blockchain, elevating payments and applications with trustless and decentralization.

More about Pharos
https://www.rootdata.com/Projects/detail/Pharos?k=MTQxNTM%3D

Source:
https://www.theblock.co/post/325246/layer-1-blockchain-pharos-seed-funding

[New Fundraising] NFT project Rekt Drinks raised $1.5 million seed round of financing

Rektguy is a Rekt beverage culture NFT project that also allows users to earn double points for every drink purchased, allowing buyers to climb the leaderboard and potentially be rewarded via Rekt Coin.

More about Rektguy:
https://www.rootdata.com/Projects/detail/Rektguy?k=MTQ5NTM%3D

Source:
https://cointelegraph.com/press-releases/rekt-raises-15m-seed-round-backed-by-angels-and-community-following-sell-out-success-of-rekt-drinks

[New Fundraising] Cytonic Secures $8.3 Million Seed Funding to Solve Blockchain Compatibility

Cytonic is an L1 blockchain designed to create a unique ecosystem that is open to all technologies used in Web3. Due to Cytonic's unique multi-virtual machine technology, its goal is to be interoperable with all ecosystems without being part of any single one.

More about Cytonic: https://www.rootdata.com/Projects/detail/Cytonic?k=MTQ5Nzc%3D

Source: https://www.globenewswire.com/news-release/2024/11/07/2976407/0/en/Cytonic-Secures-8-3-Million-Seed-Funding-to-Solve-Blockchain-Compatibility.html

[New M&A] River Protocol Acquires Llama to Strengthen On-Chain Governance for its Decentralized Communication Products

Llama is an onchain governance and access control framework for smart contracts. It aims to make the governance of blockchain protocols more effective by enabling protocols to encode roles and permissions to take on-chain actions, such as transferring funds or changing protocol parameters.

More about Llama: https://www.rootdata.com/Projects/detail/Llama?k=NTcxMA%3D%3D

Source: https://chainwire.org/2024/11/01/river-protocol-acquires-llama-to-strengthen-on-chain-governance-for-its-decentralized-communication-products/