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Posted on Feb 17, 2023Read on Mirror.xyz

🚀veDAO Financing Daily News 02/18/2023

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

【1】Botto

Amount: undisclosed

Stages: undisclosed

Date: February 16

Investors: Variant Fund

Category: Digital Art, Artificial Intelligence

Description: Botto is a collective AI creative artist who creates 350 pieces of art each week and presents them to the community. These artworks are considered a "round", so individual artworks are called "fragments". The community votes on these art fragments. The votes represent the participants' personal preferences for what they consider to be aesthetically pleasing art. Overall, the votes are used as feedback for Botto's generation algorithm, which determines the direction of Botto's next round of artworks. Over time, Botto will create art that is guided and managed by the community.

Website:https://botto.com

Twitter:https://twitter.com/bottoproject

【2】YGG

Amount: $13.8 million

Stages: undisclosed

Date: February 17

Investors: a16z, DWF Labs, Galaxy Interactive, Sanctor Capital, David Lee, Sangha Capital

Category: Chain game guild

Description: Yield Guild Games is a decentralized gaming guild that leverages the time and energy of players to optimize community-owned assets by pooling funds to purchase revenue-generating NFTs for maximum utility and return. Through the combination of NFT and DeFi, YGG creates value for its partners and community by developing content and economies for virtual worlds and blockchain-based games. The organization's mission is to create the largest virtual world economy.

Additions:$4.6 million in funding in July 2022; $12.5 million in Series IDO funding on July 28, 2021; $4 million in Series A funding on June 16, 2021; $1.32 million in funding on March 4, 2021

Website:https://yieldguild.games

Twitter:https://twitter.com/YieldGuild

【3】Ultimate Champions/UNAGI

Amount: $5 million

Stages: seed round

Date: February 17

Investors: Sisu Game Ventures, Sfermion, Signum Capital, UOB Venture, 2B Ventures, Machame

Category: Ball game

Description: Ultimate Champions is a completely free fantasy soccer game with officially licensed digital cards hosted on the blockchain in the form of NFTs. In Ultimate Champions, players can use their soccer knowledge to build the best team each week to earn rewards with long-term value: cards (NFT) and tokens ($MGC/$CHAMP). The game is developed by Unagi, a Web3 game company.

Additions:$4 million in strategic funding on November 15, 2022; $1.7 million in private placement round in December 2021

Website:https://ultimate-champions.com

Twitter:https://twitter.com/UltiChamps

【4】Cysic

Amount: $6 million

Stages: seed round

Date: February 17

Investors: Polychain, A&T Capital, HashKey Capital, SNZ Holding, ABCDE Capital, Web3.com Ventures

Category: Infrastructure, zk

Description: Cysic is a ZK hardware acceleration project that designs advanced ASIC chips to help reduce ZK proof generation time and has multiple ecosystem partners including Scroll, Nil Foundation and Hyper Oracle.

Website:https://cysic.xyz

Twitter:https://twitter.com/cysic_xyz

【5】Phi

Amount: $2 million

Stages: seed round

Date: February 17

Investors: Chapter One, Delphi Digital, Polygon Ventures, GBV Capital, Mask Network

Category: Social, ENS Eco

Description: Phi is a social gaming metaverse focused on "on-chain identities" created using ENS and verified wallet activity to easily visualize on-chain identities. It motivates users to interact with various Web3 protocols, providing positive feedback to all protocols and accelerating the overall network effect of Web3. The protocol allows users to use their ENS to generate personalization spaces and then declare objects in the game based on their wallet activity. Using these objects, users can build their own Web3 world to showcase their on-chain identity. The goal of the project is to accelerate the mass adoption of the entire web3 ecosystem by providing social, gaming and artistic features for leisure.

Website:https://philand.xyz

Twitter:https://twitter.com/phi_xyz

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

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