TrendX

Posted on Feb 28, 2024Read on Mirror.xyz

🚀TrendX Financing Daily News 02/29/2024

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

【1】GEODNET

Amount: $3.5 million

Stages: Undisclosed

Date: February 27

Investors: North Island Ventures, Modular Capital, Road Capital, Reverie, Tangent

Category: Internet of Things, DePIN

Description: The mission of GEODNET is to gather dense, real-time geospatial data from the Earth and its atmosphere using a new class of roof-mounted space weather stations. The use of blockchain will promote a robust and resilient network that delivers secure and trusted geospatial data products, used in key sectors of the economy such as agriculture, transportation, and finance, as well as in new emerging applications for autonomy, AR/VR, and the metaverse.

Additons: GEODNET raised $ 1.5 M in Private round on July 10, 2023

Website:https://geodnet.com/

Twitter:https://twitter.com/GEODNET\_

【2】Humanity Protocol

Amount: Undisclosed

Stages: Strategic financing

Date: February 28

Investors: Hashed, Cypher Capital, Foresight Ventures, Mechanism Capital, CMCC Global, Cogitent Ventures, MH Ventures, Veris Ventures, LongHash Ventures NGC Ventures, CSP DAO, HashKey Capital, BlackDragon, Mask Network, TRGC, 300DAO, Wise3 Ventures, Mythos, Vision Capital, Yat Siu, Sandeep Nailwal, Levitate Labs

Category: Infrastructure, Layer1, DID

Description: 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. This protocol uses cutting-edge palm recognition technology, as a less invasive identity verification alternative to methods like iris scans, and is easily accessible through smartphones, to establish Proof of Humanity in Web3 applications.

Website:https://cfh.xyz/

Twitter:https://twitter.com/humanityprot

【3】Backpack

Amount: $17 million

Stages: Series A

Date: February 28

Investors: Placeholder, Wintermute, Selini Capital, Robot Ventures, Amber Group, Hashed, Delphi Digital, Santiago Roel Santos, Richard Wu, Anthony Ramirez, David Lu, Tristan Frizza, Lucas Bruderer. Ramirez, David Lu, Tristan Frizza, Lucas Bruder

Category: CeFi, CEX, Wallet

Description: Backpack is a next-gen cryptocurrency exchange and multi-chain wallet. The cryptocurrency exchanges offers a self-custody solution that integrates a multiparty computation technique to secure funds.

Additions: Backpack raised $ 20 M in strategic financing on September 28, 2022

Website:https://backpack.exchange/

Twitter:https://twitter.com/Backpack

【4】READYgg

Amount: $4 million

Stages: Undisclosed

Date: February 28

Investors: Delphi Digital, Merit Circle, Momentum 6, NeoTokyo, Purechain Capital

Category: Infrastructure, Gaming Solutions

Description: READYggis building social gaming infrastructure for the Web3 creator economy. It is creating mobile-first Web3 tools and technologies to democratize access to game creation. RGN is aligning economic interests between developers, creators, and players for the creation of a sustainable, long-term distributed gaming ecosystem and creator economy.

Additions: READYgg raised $ 3 M in funding round on May 9, 2022

Website:https://ready.gg/

Twitter:https://twitter.com/TheReadyGames

【5】PredX

Amount: $500,000

Stages: Pre seed round

Date: February 28

Investors: Malana Ventures, Penrose Tech

Category: Prediction Marketplace

Description: Predx is an AI-powered prediction market on Sei Network. It lets users propose their events and trade on the opinions of events on whether these events will happen or not. It can cover a range of topics such as finance, technology, gossip, etc.

Website:https://predx.ai/

Twitter:https://twitter.com/PredX_AI

【6】BounceBit

Amount: $6 million

Stages: Seed round

Date: February 28

Investors: Blockchain Capital, Breyer Capital, NGC Ventures, Matrixport Ventures, DeFiance Capital, OKX Ventures, HTX Ventures, MEXC Ventures, Mirana Ventures, GeekCartel, Bixin Ventures, IDG Capital, Primitive Ventures, Nomad Capital, GMR, Arcane Group, dao5, CMS Holdings, Bankless Ventures, Nathan McCauley, Calvin Liu, Jessy, RookieXBT, MacnBTC, Pentoshi, James Parillo, Pranay Mohan, George Lambeth, Kevin Hu, Ashwin Ayappan, BodhiVentureLabs

Category: Infrastructure

Description: BounceBit is a native BTC staking chain secured by staking Bitcoin and the BounceBit token. BounceBit is backed by CEFFU (Previously Binance Custody) and Mainnet Digital for a safe storage of Bitcoin. The PoS mechanism introduces a dual-token staking system that leverages native BTC security with full EVM compatibility.

Website:https://bouncebit.io/

Twitter:https://twitter.com/bounce_bit/

【7】Co-Museum

Amount: Undisclosed

Stages: Undisclosed

Date: February 28

Investors: Animoca Brands

Category: NFT

Description: Co-Museum is a community-driven cultural collective dedicated to pioneering communal-ownership of the most significant artworks and artifacts, both digital and physical.

Website:https://co-museum.com/

Twitter:https://twitter.com/co_museum

【8】Fair Math

Amount: $1.4 million

Stages: Pre Seed Round

Date: February 28

Investors: gumi Cryptos Capital, Inception Capital, Polymorphic Capital

Category: Infrastructure, Privacy

Description: Fair Math is a research company developing privacy-preserving technologies rooted in Fully Homomorphic Encryption. It has developed the first fully automated FHE challenge platform - FHERMA. The platform is designed to crowdsource a library of Fully Homomorphic Encryption components that can greatly simplify the development of FHE applications for Web2 and Web3.

Website:https://fairmath.xyz/

Twitter:https://twitter.com/FairMath

About TrendX

TrendX is an AI-driven Web3 trend tracking and intelligent trading one-stop platform, using large language model and AI technology to find market trends, and seamlessly combined with intelligent trading, committed to becoming a new generation of AI trading platform for 1 billion users to enter Web3 to check projects, find hot topics, see trends, primary investment, and secondary trading.

Website: https://app.trendx.tech/

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