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[Summary of project updates this week on RootData] #New Fundraising Polymarket(40M): An unbiased, real-time prediction market Humanity Protocol(30M): Sybil-resistance network of blockchains peaq(20M): Web3 network powering the Economy of Things on Polkadot Param Labs(7M): AAA game and blockchain development studio Re(7M): Decentralized insurance transaction layer More: https://www.rootdata.com/Fundraising #New Mainnet: Lamina1: Metaverse-focused blockchain Cyber: The L2 for Social YieldNest: The Liquid Restaking Protocol Overload: Restaking with No Slashing Infinex: Decentralized perpetuals trading platform #New Testnet: Initia: Omnichain rollups #New Token: Subsquid(SQD): Indexing solution for Web3 Drift(DRIFT): On-chain perpetual contracts exchange Notcoin(NOT): The viral tap-to-earn game Verida(VDA): The private data network Lifeform(LFT): Decentralized visual digital identity (DID) solution provider Imaginary Ones(BUBBLE): Web3.0 Disneyland BounceBit(BB): BTC native restaking chain

[New Fundraising] Focus Tree raised $ 2 M in Seed round Focus Tree is a web3 productivity app to fight social media addiction that rewards users for putting down your phone. Users can initiate a timer during which they are unable to access other apps. If they succeed, they will accrue focus points that can be used to grow their unique garden. The more points they earn, the more chances they get to win valuable rewards (ex: new trees, garden tiles, focus coins, etc.). More about Focus Tree: https://www.rootdata.com/Projects/detail/Focus%20Tree?k=ODc1Mg%3D%3D Source: https://x.com/focustree_app/status/1791486584862261486

[New Fundraising] Shogun raised $ 6.9 M in Seed round Shogun is a chain-agnostic orderflow aggregator and smart liquidity router for modular networks, initially launching on the Cosmos interchain. More about Shogun: https://www.rootdata.com/Projects/detail/Shogun?k=OTUwMQ%3D%3D Source: https://twitter.com/shogunfi/status/1790842628591726730

[New Fundraising] Humanity Protocol raised $30 million at a $1 billion valuation. Humanity Protocol is a sybil-resistance network of blockchains that will onboard the first billion humans. Humanity Protocol provides developers with unique-human authentication mechanisms, and users complete ownership over data and identity. Humanity Protocol is the human layer for Web3. More about Humanity Protocol: https://www.rootdata.com/Projects/detail/Humanity%20Protocol?k=MTE0MDg%3D Source: https://www.bloomberg.com/news/articles/2024-05-15/humanity-protocol-becomes-crypto-s-new-digital-identity-unicorn

[New Fundraising] Cross The Ages closes $3.5 million in equity financing, led by Animoca Brands Cross The Ages (CTA) is a mobile-first collectible card game set in a dystopian clash of worlds. It is based on seven fantasy and science fiction novels. Players compete individually and in teams to win valuable NFTs while going on Metaverse quests to discover priceless "easter eggs" hidden in the novels. More about Cross The Ages: https://www.rootdata.com/Projects/detail/Cross%20The%20Ages?k=MTcwNQ%3D%3D Source: https://cointelegraph.com/press-releases/cross-the-ages-raises-35m-in-equity-round-led-by-animoca-brands-and-lists-cta-token-on-major-exchanges

At RootData, we have tracked the career dynamics of important people in web3. People who have recently changed their jobs, such as: Nathan Cha (Prev. dYdX) recently joined Eclipse as Head of Marketing. SungMo Park (Prev. Polygon) recently joined Monad as APAC Lead, Head of Korea. Jack Melnick (Prev. Polygon) recently joined Polymarket as Head of Market Expansion. Stephen Levin recently joined Flashbots as Head of Operations. Won Kim recently joined Yuga Labs as Head of Brand Partnerships. Discover more: https://rootdata.com/people

[New Fundraising] RWA Platform Re raised $7 million Re is a blockchain-powered reinsurer that allows accredited investors to provide backing for real-world insurance policies and companies. It plans to build its decentralized reinsurance marketplace on both Avalanche's C-Chain and a Subnet, which is a decentralized global insurance transaction layer that settles any kind of insurance risk in a way that is transparent to regulators, partners, and investors. More about Re: https://www.rootdata.com/Projects/detail/Re?k=MzEyOA%3D%3D Source: https://www.coindesk.com/business/2024/05/14/rwa-platform-re-debuts-tokenized-reinsurance-fund-on-avalanche-with-15m-commitment-from-nexus-mutual/

[New Fundraising] ZK project Hylé raises $2.6 million in funding round led by Framework Ventures Hylé is the core layer for the modular ZK tech stack. The Hyle network runs its own consensus mechanism and is purpose-built for ZKP verification, offering developers and users options for what suits their systems. More about Hylé: https://www.rootdata.com/Projects/detail/Hyl%C3%A9?k=MTI3Mjk%3D Source: https://www.theblock.co/post/294187/framework-ventures-leads-2-6-million-funding-round-for-zk-proof-verification-project-hyle

[New Fundraising] Polymarket raises $45 million from Peter Thiel’s Founders Fund, Vitalik Buterin and others Polymarket is a decentralized information markets platform that lets users trade on the world's most highly-debated topics (e.g. coronavirus, politics, current events, etc). More about Polymarket: https://www.rootdata.com/Projects/detail/Polymarket?k=MTYwNQ%3D%3D Source: https://www.theblock.co/post/294367/polymarket-raises-45-million-from-peter-thiels-founders-fund-vitalik-buterin-and-others

[New Fundraising] Web3 AI platform ChainML raises $6.2 million in seed extension round ChainML is a scalable, censorship-resistant protocol for machine learning and related complex data-driven computations for Web3. It is partnering with leading Web3 protocols as design partners to apply machine learning to DeFi, gaming, social, and data infrastructure. More about ChainML: https://www.rootdata.com/Projects/detail/ChainML?k=NDM0Mw%3D%3D Source: https://www.theblock.co/post/294078/web3-ai-platform-chainml-funding-theoriq

[New Fundraising] Zest Raises $3.5M, Led by Tim Draper, for On-Chain Bitcoin Lending Using Stacks Zest Protocol is a Bitcoin lending protocol that enables Bitcoin liquidity providers to earn Bitcoin yield through professionally managed lending pools. These pools lend to the most credit-worthy borrowers in crypto. For borrowers, Zest offers on-chain Bitcoin loans directly against their balance sheet. More about Zest: https://www.rootdata.com/Projects/detail/Zest%20Protocol?k=MzA3NA%3D%3D Source: https://www.coindesk.com/business/2024/05/13/zest-raises-35m-led-by-tim-draper-for-on-chain-bitcoin-lending-using-stacks

Weekly Hot Projects🔥 (May.6- May.12) 📈 Hey #CryptoFam! 🚀 We've just updated our weekly #CryptoTrends ranking list, based on your #RootData searches. 💻 🎯Top 5 winner is Movement, Sanctum, Initia, Analog and BOB. 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/trending

[Announcement] X Statistics now available on RootData RootData is now launching the beta version of its X (formerly Twitter) statistics feature. By incorporating the X of nearly 20,000 crypto projects, VC and people into the scope of its data analysis, users can now view the X following relationships between various subjects (following, being followed, new connections, mutual follows), as well as the corresponding influence Index and hot index, so as to understand the comprehensive strength and potential of the project in a more multi-dimensional way. Links: https://www.rootdata.com/Projects?influenceSort=2

[New Fundraising] Solana-based tokenization platform AgriDex raises $5 million, plans token airdrop Agridex is a Solana Backed RWA Marketplace Reshaping the Global Agricultural Industry. It offers players in the agriculture industry a transparent and integrated marketplace with its own internal economics, utilizing Fiat-on-Chain, smart contracts, and participation vetting, AgriDex offers a wholly compliant, streamlined solution to agricultural supply chain management. More about AgriDex: https://www.rootdata.com/Projects/detail/AgriDex?k=MTI2NTE%3D Source: https://www.theblock.co/post/293510/solana-tokenization-agridex-funding-token-airdrop

[New Fundraising] Bitcoin-native application platform Arch raises $7 million led by Multicoin Capital Arch Network is a bitcoin-native application platform introduces smart contract functionality directly into Bitcoin through a novel architecture that leverages a Rust-based zero-knowledge virtual machine, called the ArchVM, paired with a decentralized verifier network, collectively referred to as the Arch Network. More about Arch: https://www.rootdata.com/Projects/detail/Arch%20Network?k=MTIzMzM%3D Source: https://www.theblock.co/post/293556/bitcoin-native-application-platform-arch-funding-multicoin-capital

[New Fundraising] Bladerite game developer Seeds Labs raises $12M seed funding, Solana Foundation, with participation from Solana Foundation, Signum Capital and others Bladerite is a MOBA and Battle Royale gaming combined with Web3 technology. Free-to-play, cold weapon-focused battle royale game where players compete in a wasted land battle arena and battle for a considerable amount of rewards. More about Bladerite: https://www.rootdata.com/Projects/detail/Bladerite?k=OTE5MA%3D%3D Source: https://cointelegraph.com/press-releases/bladerite-game-developer-seeds-labs-raises-12m-seed-funding-strategically-building-on-solana

[New Fundraising] Owlto Finance Raises $ 8M in Strategic Round Owlto Finance provides seamless cross-chain bridging services, enabling users to transfer assets across various blockchains effortlessly. More about Owlto Finance: https://www.rootdata.com/Projects/detail/Owlto%20Finance?k=Nzg1NA%3D%3D Source: https://owlto-finance.medium.com/owlto-finance-raises-8m-in-strategic-round-237565864b9a

[New Fundraising] Arbelos Markets raises $28 million, amid growing institutional interest in crypto derivatives Arbelos Markets is a trading firm providing principal liquidity across crypto derivatives markets, ranging from high-touch to programmatic. More about Arbelos: https://www.rootdata.com/Projects/detail/Arbelos?k=MTI2NDM%3D Source: https://www.theblock.co/post/293177/arbelos-markets-raises-28-million-amid-growing-institutional-interest-in-crypto-derivatives

[New Fundraising] Lagrange Labs Announces $13.2M in Seed Funding to Revolutionize Big Data Applications with its ZK Coprocessing Technology Lagrange is a Zero-Knowledge Coprocessing protocol that enables verifiable computations at big data scale across various blockchains. Its unique ZK Coprocessing approach involves a decentralized network of nodes that execute computations off-chain and generate ZK proofs of the results to submit on-chain, in a hyper-parallel manner, thereby unlocking significant efficiency and cost gains. More about Lagrange: https://www.rootdata.com/Projects/detail/Lagrange?k=NTU0Mw%3D%3D Source: https://www.lagrange.dev/blog/lagrange-labs-announces-13-2m-in-seed-funding-to-revolutionize-big-data-applications-with-its-zk-coprocessing-technology

[New Fundraising] Lava Foundation raises $11 million in token round ahead of airdrop Lava is a modular network which rollups use to bootstrap a performant network of infrastructure providers. RPC requests are routed to the best available provider, giving developers and users optimal service. More about Lava: https://www.rootdata.com/Projects/detail/Lava%20Network?k=MTg0OA%3D%3D Source: https://www.theblock.co/post/292935/lava-foundation-token-funding-round-airdrop