RootData

[New Fundraising] B² Network raised a new round of financing, led by Alliance DAO and others B² Network is a EVM-compatible Rollup based on zero-knowledge proof verification commitment on Bitcoin. Rollup data and zk proof verification commitments are recorded on the Bitcoin Network, finally confirmed via a challenge-response mechanism. More about B² Network: https://www.rootdata.com/Projects/detail/B%C2%B2%20Network?k=MTAyNDg%3D Source: https://x.com/BSquaredNetwork/status/1848370270899515695

[New Fundraising] Ordzaar Raised $2 Million Seed Round Led by LongHash Ventures Ordzaar is an NFT marketplace for Bitcoin Ordinals, providing users with the opportunity to participate, purchase, trade and sell Ordinals on the Bitcoin blockchain. More about Ordzaar: https://www.rootdata.com/Projects/detail/Ordzaar?k=OTE5NA%3D%3D Source: https://x.com/ordzaar/status/1848386151108988964

Weekly Hot Projects🔥 (Oct.14- Oct.20) 📈 Hey #CryptoFam! 🚀 We've just updated our weekly #CryptoTrends ranking list, based on your #RootData searches. 💻 🎯Top 5 winner is Aleo, Puffer Finance, Humanity Protocol, Sonic and Eclipse. Keep up with the hottest buzz in the industry and stay ahead of the trends. Don't miss out - check it out! 👇 https://rootdata.com

[New Fundraising] Echo Protocol completed a Pre-Seed round Echo is a multifaceted protocol specializing in bridging, restaking, and decentralized finance (DeFi), seamlessly interoperating within the Move ecosystem. Its mission is to enhance BTC liquidity and introduce innovative restaking solutions for BTC assets within Move. More about Plasma: https://www.rootdata.com/Projects/detail/Echo%20Protocol?k=MTQ3MzY%3D Source: https://x.com/EchoProtocol_/status/1848183099202376013

[New Fundraising] Bitfinex-backed Plasma raises $3.5 million to expand access to USDT stablecoins on Bitcoin Plasma is the scalable payments and financial infrastructure on Bitcoin. Built on a native UTXO foundation, Plasma allows gas fees to be paid with BTC and works seamlessly with existing Bitcoin infrastructure. By leveraging a hybrid UTXO/Account architecture, users can unlock new functionality for holding, staking, and deploying their Bitcoin, seamlessly traversing between UTXO and account space. More about Plasma: https://www.rootdata.com/Projects/detail/Plasma?k=MTQ2NjE%3D Source: https://www.theblock.co/post/321964/bitfinex-backed-plasma-raises-3-5-million-to-expand-access-to-usdt-stablecoins-on-bitcoin

[New Fundraising] African crypto startup Yellow Card raises $33M led by Blockchain Capital to scale its B2B pivot Yellow Card is a cryptocurrency exchange that offers the safest way to buy and sell Bitcoin with various payment options. You can also send, receive, and store your crypto with your Bitcoin wallet on Yellow Card. More about Yellow Card: https://www.rootdata.com/Projects/detail/Yellow%20Card?k=Mzg5Mg%3D%3D Source: https://techcrunch.com/2024/10/16/african-crypto-startup-yellow-card-raises-33m-led-by-blockchain-capital-to-scale-its-b2b-pivot/

[New Fundraising] Bitcoin-backed stablecoin developer Hermetica raises $1.7 million in seed funding Hermetica Finance is a non-custodial structured products protocol for Bitcoin. Hermetica vaults use automated options yield strategies in order to generate a risk-adjusted yield on Bitcoin and stablecoins. More about Hermetica: https://www.rootdata.com/Projects/detail/Hermetica?k=ODY2OQ%3D%3D Source: https://www.theblock.co/post/321141/bitcoin-backed-stablecoin-developer-hermetica-raises-1-7-million-in-seed-funding

[New M&A] CoinDesk Buys Crypto Data Provider CCData and CryptoCompare CCData is a global cryptocurrency market data provider, giving institutional and retail investors access to real-time, high-quality, and reliable market and pricing data on 5,300+ coins and 240,000+ currency pairs. By aggregating and analyzing tick data from globally recognized exchanges, and seamlessly integrating different datasets in the cryptocurrency price, CCData provides a comprehensive and holistic overview of the market. More about CCData: https://www.rootdata.com/Projects/detail/CCData?k=MzY5NA%3D%3D Source: https://www.coindesk.com/business/2024/10/16/coindesk-buys-crypto-data-provider-ccdata-and-cryptocompare/

[New Fundraising] 'Network State' project Praxis secures $525 million to build crypto-friendly city Praxis is a community of future city residents, ranging from founders, creatives, investors, and everyone in-between. Membership is by application only. Once accepted, members can attend events and contribute to the city's development. Most importantly, members share a way of life characterized by optimism, good health, a clear purpose, and a commitment to something bigger than themselves; this is encapsulated in a single word: Vitality. More about Praxis: https://www.rootdata.com/Projects/detail/Praxis?k=NDcxNQ%3D%3D Source: https://www.theblock.co/post/321268/network-state-project-praxis-secures-525-million-to-build-crypto-friendly-city

[New Fundraising] Blockstream Raises $210M in Convertible Note Financing Round Blockstream is a leading blockchain development company founded in 2014. Its core focus is on developing new infrastructure for the legacy financial system, with key developments revolving around Bitcoin sidechains and other blockchain-related applications. Their flagship technologies include their own implementation of the Lighting protocol and the Elements Project, an open-source sidechain blockchain platform. Blockstream has launched a number of products, such as Liquid, an inter-exchange settlement network based on Bitcoin, Blockstream Green, a secure bitcoin wallet, as well as other products that provide real-time and historical cryptocurrency trade data, and colocation services for bitcoin mining operations. More about Blockstream: https://www.rootdata.com/Projects/detail/Blockstream?k=Mzc5Mw%3D%3D Source: https://www.coindesk.com/business/2024/10/15/blockstream-raises-210m-in-convertible-note-financing-round/

[New Fundraising] ZKP protocol Opacity Network raises $12 million seed round Opacity is the ZKP protocol for proving anything without revealing the details. Opacity’s zero-knowledge proof protocol connects provers and verifiers for trustless sharing and verification of information—within minutes. More about Opacity Network: https://www.rootdata.com/Projects/detail/Opacity%20Network?k=MTMyNjU%3D Source: https://www.theblock.co/post/321160/opacity-network-funding-zk-data-verification

[New Fundraising] Solv Raises $11M to Grow the $1.3B Bitcoin Staking Protocol Solv is a Decentralized Bitcoin Reserve Protocol to unlock the full potential of Bitcoin assets through a liquidity consensus infrastructure. By addressing the fragmentation of BTC assets, yield opportunities, and custody solutions, Solv offers Bitcoin holders a gateway to BTCFi, continuously builds pathways and confidence for traditional funds to enter the crypto world. More about Solv: https://www.rootdata.com/Projects/detail/Solv%20Protocol?k=Mjg0OQ%3D%3D Source: https://www.coindesk.com/business/2024/10/14/solv-raises-11m-to-grow-the-13b-bitcoin-staking-protocol/

[New Fundraising] Paradigm invests $20 million in Ithaca, a spinoff building a Layer 2 blockchain 'from the future' Ithaca is developing Odyssey, an open-source Layer 2 network, built with Reth, the OP Stack and Conduit. Ithaca was spun out of Paradigm. More about Ithaca: https://www.rootdata.com/Projects/detail/Ithaca?k=MTQ2MjI%3D Source: https://www.theblock.co/post/320714/paradigm-invests-20-million-in-ithaca-a-spinoff-building-layer-2-blockchain-from-the-future

[New Fundraising] Base Ecosystem Token Launch Platform Trendies Raised $1.75M Pre-seed Round of Funding, Led by Archetype Trendies is a social platform allows people to earn rewards on content they post on social media platforms like Twitter and farcaster. More about Trendies: https://www.rootdata.com/Projects/detail/Trendies?k=MTM1OTM%3D Source: https://x.com/trendiestech/status/1844423731785142425

[New Fundraising] Bitcoin-backed stablecoin developer Yala raises $8 million in seed funding Yala connects Bitcoin liquidity with a meta yield stablecoin. Designed as both a potent asset and a liquidity enhancer, the stablecoin, yUSD, operates across various ecosystems, increasing efficiency without the need for bridges or relocating the underlying Bitcoin. Yala empowers Bitcoin holders and ecosystem participants with expanded utility, all while maintaining the security of Bitcoin’s infrastructure. More about Yala: https://www.rootdata.com/Projects/detail/Yala?k=MTE1ODU%3D Source: https://www.theblock.co/post/320508/bitcoin-backed-stablecoin-developer-yala-funding

[New Fundraising] delta has raised $11M across pre-seed and seed fundraise delta is a network of autonomous execution environments that are connected via a decentralized, censorship resistant base layer. delta separates execution and ordering from data availability and settlement. delta provides two inalienable rights to its users — the right to self-custody and the right to exit permissionlessly. More about delta: https://www.rootdata.com/Projects/detail/delta?k=MTQ1ODk%3D Source: https://x.com/deltadotnetwork/status/1844019646179205583

[New Fundraising] OpenGradient has raised $8.5M in seed funding to build a groundbreaking end-to-end decentralized platform for secure open-source AI OpenGradient is building a native intelligence network that aims to bring the world’s compute onchain. OpenGradient is the permissionless platform for open-source model hosting, secure execution, agentic reasoning, and application deployment. More about OpenGradient: https://www.rootdata.com/Projects/detail/OpenGradient?k=MTQzMzc%3D Source: https://x.com/OpenGradient/status/1844024313441063037

[New Fundraising] Bitcoin Layer 2 Bitlayer raises $9 million Series A extension at $300 million valuation Bitlayer is a Layer 2 solution offering Bitcoin-equivalent security and Turing completeness. It's also the first built on BitVM. Bitlayer aims to bring secure scalability to the Bitcoin ecosystem, promoting asset diversity and spurring innovation for a faster, safer, and more flexible user experience. More about Bitlayer: https://www.rootdata.com/Projects/detail/Bitlayer?k=MTEwMjQ%3D Source: https://www.theblock.co/post/320093/bitcoin-layer-2-bitlayer-new-funding-valuation

[New Fundraising] Figment Capital leads $3 million seed round for Semantic Layer Semantic Layer is bringing better incentive alignment and native scaling to dApps deployed or looking to deploy on Ethereum. Semantic Layer makes the meta transaction programmable, enabling customized MEV distribution and native scaling for protocols. More about Semantic Layer: https://www.rootdata.com/Projects/detail/Semantic%20Layer?k=MTM1MjY%3D Source: https://www.theblock.co/post/319920/figment-capital-leads-3-million-seed-round-for-semantic-layer