Highlights of this episode
According to incomplete statistics from PANews, there were 17 investment and financing events in the global blockchain sector last week (October 27 - November 2), with a total funding scale exceeding US$0.92 billion; in addition, listed companies raised over US$4.68 billion in cryptocurrency asset reserves. A summary is as follows:
- In the DeFi sector, one investment and financing event was announced: Accountable completed a $7.5 million funding round, led by Pantera Capital.
- Three investment and financing events were announced in the Web3+AI sector, including Kite AI, an AI payment public chain project, which announced that it had received strategic investment from Coinbase Ventures;
- The infrastructure & tools sector announced four investment and financing events, including a $15 million funding round for self-hosting platform Bron Labs, with investors including LocalGlobe;
- Four investment and financing events were announced in the centralized finance sector, including Pakistani stablecoin company ZAR completing a $12.9 million financing round led by a16z.
- In the area of other Web3 applications, two investment and financing events were announced. Among them, HEALTH completed a $2.5 million seed round of financing, co-led by Gemhead Capital and Castrum Istanbul.
- In addition, two publicly traded companies completed financing for their crypto treasury strategies, with Nasdaq-listed shipping company OceanPal completing a $120 million PIPE.
- The GameFi sector announced three investment and financing events, including KapKap's announcement of completing a $10 million funding round led by Animoca Brands.
DeFi
Crypto-credit infrastructure provider Accountable raises $7.5 million, led by Pantera Capital.
Accountable has raised $7.5 million in funding, led by Pantera Capital, with participation from OKX Ventures, Onigiri Capital, and KPK. Positioned as a "non-collateralized" crypto credit infrastructure, Accountable previously raised $2.3 million in late 2024 and plans to expand its team (currently 18 people), enhance partnerships with institutions, and accelerate product rollout. CEO Wojtek Pawlowski stated that the company will offer embeddable yield products to new types of banks and exchanges. The project is currently on testnet, with the mainnet expected to launch in mid-November.
AI
Web3+AI project PoobahAI raises $2 million in seed funding.
No-code AI platform PoobahAI announced it has secured $2 million in seed funding from FourTwoAlpha Ltd. The new funding will support PoobahAI's aggressive roadmap in the AI-Web3 convergence field and drive its market expansion plans. Its flagship product, MCP Server, connects an AI agent directly to the blockchain infrastructure layer, enabling seamless multi-chain operations and transforming static blockchains into dynamic, self-sufficient systems.
Kite AI, an AI payment public blockchain project, announced that it has received strategic investment from Coinbase Ventures. According to official information, this funding round is a continuation of Kite's recent $33 million funding round led by PayPal Ventures and General Catalyst. The new funds will be used to support the development of its autonomous AI agent payment infrastructure and to collaborate with Coinbase to accelerate the large-scale adoption of the x402 protocol.
It is understood that Kite was designed from the outset to natively integrate Coinbase's x402 agent payment standard. As one of the earliest Layer 1 blockchains to fully implement x402-compatible payment primitives, Kite enables AI agents to directly initiate, receive, and reconcile payments through standardized intent authorization. This establishes Kite's position as the native execution and settlement layer for the x402 protocol and the emerging agent economy.
Decentralized AI inference routing network DGrid AI secures seed funding
DGrid AI has announced that it has secured seed funding from Waterdrip Capital, IoTeX, Paramita VC, Cacher VC, 4EVER Research, Zenith Capital, and Abraca Research. DGrid AI is a decentralized AI inference routing network that provides developers and applications with low-cost, verifiable, and trustless AI capabilities. DGrid's core architecture relies on "AI RPC + LLM inference + distributed nodes," aiming to break the monopoly of centralized AI platforms and provide open, reliable, and low-cost AI capabilities for the Web3 ecosystem. The funding will primarily be used for node network development and expanding its ecosystem partnerships.
YZi Labs announced that it has led an $11 million seed funding round for VideoTutor, an AI software provider for the education sector. The round also attracted participation from JinQiu Fund (a fund affiliated with ByteDance), Baidu Ventures, Amino Capital, and BridgeOne Capital, among others. This is YZi Labs' first investment in the artificial intelligence software field since expanding its investment scope earlier this year.
VideoTutor is an "educational AI agent" that transforms any question into a personalized animated lesson, making high-quality tutoring services readily available. Founded by 20-year-old entrepreneur Kai Zhao, the platform uses a Large Language Model (LLM) + Manim animation rendering workflow to generate accurate and highly adaptable AI-powered teaching videos. Currently, its services reach 20,000 users worldwide and have received over 1,000 API integration requests.
(This financing is not included in the weekly financing report statistics for this period)
Infrastructure & Tools
Dmitry Tokarev, founder of London-based cryptocurrency custody firm Copper Technologies Ltd., has launched a new company, Bron Labs, to address the security risks of self-custody of digital assets. Bron Labs is reportedly a self-custody platform designed to provide consumers and professionals with advanced security previously only available to large enterprises. Tokarev revealed that Bron Labs completed a funding round of approximately $15 million earlier this year, with investors including LocalGlobe, Fasanara Digital, and GSR, among about 140 individuals and institutions.
Semantic Layer raises $5 million, led by Greenfield Capital.
According to official news from Semantic Layer, it has completed a Series A funding round led by Greenfield Capital, raising a total of $5 million. The funding aims to promote on-chain AI autonomy and agency, dApp and asset ordering sovereignty. In addition, Binance Alpha has launched Semantic Layer (42) . Previously, Semantic Layer, a MEV infrastructure developer, completed a $3 million seed round led by Figment Capital, which was used to develop core products and increase market awareness of ASS, including sponsoring research and developer events.
Payment infrastructure provider Pieverse receives $3 million investment from CMS Holdings.
Pieverse, a Web3 payments and compliance infrastructure startup, announced it has secured $3 million in funding from CMS Holdings to support the expansion of its x402b platform on the BNB Chain. This brings its total funding, including seed and strategic round investments, to $10 million. Previously, on October 27th, Pieverse launched the x402b protocol to enable gas-free payments on the BNB Chain . Pieverse's on-chain timestamping protocol fills a gap in Web3's verification layer, providing trusted, transparent, and cross-chain interoperable cryptographic proofs for invoices, receipts, and transactions.
DeepSafe completes $3 million seed funding round; core technology accepted by IEEE TIFS.
DeepSafe announced the completion of a $3 million seed funding round, with investors including Antalpha, ViaBTC Capital, Spark Capital, Cogitent Ventures, Sharding Capital, Gate, Satoshi Lab, and CKB Eco Fund. Its core decentralized verification technology has been accepted by the international cryptography journal IEEE TIFS. DeepSafe claims its network has processed nearly 120 million transaction verifications, with over 2.65 million active accounts. The project states it will build a better "Trust Layer."
other
HEALTH Raises $2.5 Million in Seed Funding
HEALTH announced the completion of a $2.5 million seed funding round, co-led by Gemhead Capital and Castrum Istanbul. HEALTH stated that its PULSE app has launched globally, leveraging AI and blockchain rewards to transform daily health data into value, and currently boasts over 10,000 users. The team is preparing for a TGE (token generation event) and plans to launch an AI health assistant, providing personalized insights and health management features.
Solana's ecosystem project, Dare Market, has raised $2 million in funding.
Dare Market, a Solana-based challenge platform, announced it has raised $2 million in funding, led by Karatage and Paper Ventures. Initially launched in September, the platform allows users to complete challenges posted by other users. Participants are rewarded for completing challenges by sharing proof of completion on social media. Users can also create their own challenges and commit to completing them once specific fundraising goals are reached. Dare Market takes a 6.9% commission on the reward earned from each successfully completed challenge.
DAT
(These types of transactions are not included in this week's financing report statistics)
Chijet Motor completes $300 million cryptocurrency private placement
Chijet Motor Company, Inc. (NASDAQ: CJET) announced the completion of a cryptocurrency-denominated private placement, raising approximately $300 million. The offering to non-U.S. institutional investors consisted of one common share (par value of $0.003, priced at approximately $0.10 equivalent in cryptocurrency) and three warrants (exercise price approximately $0.12 equivalent in cryptocurrency, with a three-year term and exercisable under certain cash-less conditions). The company stated that the proceeds will be used to strengthen its cryptocurrency custody infrastructure and for potential mergers and acquisitions.
OceanPal raises $120 million to partner with NEAR to advance AI and crypto infrastructure.
Nasdaq-listed shipping company OceanPal completed a $120 million PIPE (Public-Private Partnership) to establish a wholly-owned subsidiary, SovereignAI, in partnership with the NEAR Foundation to build a digital asset vault and confidential AI cloud platform based on NEAR. OceanPal plans to purchase NEAR tokens long-term, aiming to hold at least 10% of the total supply. Investors include Kraken, Proximity, Fabric Ventures, G20 Group, and the NEAR Foundation. The SovereignAI advisory board consists of Illia Polosukhin, among others. OceanPal will maintain its dry bulk and tanker businesses while simultaneously developing blockchain and AI infrastructure.
David Beckham-backed Prenetics raises $48 million to advance its Bitcoin treasury.
Prenetics (PRE), a health sciences company backed by David Beckham, raised $48 million in an oversubscribed equity funding round to expand its health brand IM8 and advance its Bitcoin reserve strategy.
Prenetics announced in an email on Monday that it could raise up to $216 million through the exercise of warrants. The round attracted investors including Kraken, Exodus (EXOD), GPTX, and American Ventures. CEO Danny Yeung stated that the funds will support IM8's global expansion, while simultaneously accumulating one Bitcoin daily, with a goal of reaching $1 billion in both revenue and Bitcoin holdings within five years. Data shows that the company currently holds 268.4 Bitcoins (worth $30.9 million).
Centralized Finance
Pakistani stablecoin company ZAR has raised $12.9 million in funding, led by a16z.
a16z led a $12.9 million funding round for ZAR, a stablecoin infrastructure company that aims to popularize stablecoins in Pakistan through small shops. Other investors included Dragonfly, VanEck Ventures, Coinbase Ventures, and Endeavor Catalyst. ZAR's platform allows users to exchange cash for digital dollars and make purchases via wallet and Visa card, aiming to address the payment needs of Pakistan's large unbanked population. If the model proves successful, ZAR plans to expand to Africa in 2026.
Hercle announced the completion of a $10 million equity financing round, led by F-Prime, and secured a $50 million line of credit to support its global expansion. The company provides end-to-end infrastructure for payment service providers and enterprises through stablecoin integration, aiming to reduce cross-border settlements from days to minutes. Hercle stated that it has processed over $20 billion in transactions, 90% of which are completed within 5 minutes, and has over 200 institutional clients. It plans to expand into South America, the Middle East, and Africa, and broaden its regulatory coverage.
Standard Economics raises $9 million in seed funding to launch cross-border payment app "Uno"
Standard Economics announced the completion of a $9 million seed funding round, led by crypto venture capital firm Paradigm, with participation from Lightspeed and several angel investors. Founded by Evan Jones (former X and xAI), Payam Abedi (former X employee), and Tyler Carnevale (former SpaceX and X), the company plans to provide cross-border remittance and USD acquisition services using stablecoins. Its first app, "Uno," launched in Mexico on October 28th, supporting domestic payments and zero-fee cross-border transfers, and will expand to Argentina, the Philippines, and several Latin American and Asian countries. The company currently has six employees and has not yet generated revenue.
Stablecoin company Loon has raised approximately $2.15 million in seed funding, led by Version One Ventures.
Canadian stablecoin company Loon has raised C$3 million (approximately US$2.15 million) in seed funding, led by Version One Ventures, with participation from Garage Capital and a consortium of Canadian angel investors. The company plans to launch a Canadian dollar-based stablecoin to reduce its reliance on US dollar stablecoins.
GameFi
KapKap raises $10 million, led by Animoca Brands and others.
KapKap announced the completion of a $10 million funding round. The seed round was led by Animoca Brands, with participation from Shima Capital, Mechanism Capital, Klaytn Foundation, and Big Brain Holdings. The strategic round was led by Unicorn Verse, with participation from Rzong Capital and BGX Capital. Positioned as an AI-native Web3 company, KapKap launched KAPS (Key Attention Pricing System) to quantify user "attention and reputation" and distribute rewards accordingly. Currently, it has approximately 1.7 million monthly active users and 25,000 daily active users. It has already partnered with SNK, *The King of Fighters*, *Samurai Shodown*, BAYC, and ApeCoin DAO on IP collaborations.
Web3 collectible toy project Capybobo has announced the completion of an $8 million funding round, led by Pluto Vision Labs, an organization backed by YZi Labs and the creator of CatizenAI, which boasts 63 million players. Other investors in this round include Folius Ventures, Animoca Brands, HashKey Capital, and Mirana Ventures. Capybobo stated that the funds will be used to accelerate the development of its online doll clothing (PYBOBO Outfits), build a global collectible toy trading platform, and promote its brand in the European and Asian markets. Capybobo is a GameFi project within the TON and Kaia ecosystem, focusing on bringing global collectible toy art and culture to Web3, creating collectible toy IPs that blend the virtual and real worlds.
GameFi project MoonClash has completed a strategic funding round, with Candaq, Becker Ventures, and others participating.
MoonClash, a tower defense strategy platform built on BNB Chain, has successfully completed its strategic round of financing, reaching a valuation of $100 million. Participants included Candaq, Becker Ventures, Oasis Labs, BlockPulse, and Apus Capital. MoonClash is a Web3 gaming platform that integrates PVP battles, PVE exploration, NFT ownership, and on-chain economics. The platform combines tower defense and strategy games with blockchain technology, allowing players to build defensive structures, upgrade heroes, and participate in real-time battles in a moon-themed metaverse. MoonClash plans to conduct community and public rounds of financing in early 2026.
