Between November 16 and November 22, the crypto market recorded 19 investment and financing events. These included 6 in infrastructure, 3 in DeFi, 3 in gaming, 2 in social platforms, 1 in prediction markets, 1 in mining, 1 in tools, 1 in CeFi, and 1 in security solutions.

This week, five funding rounds exceeded $10 million:

Crypto betting platform Monkey Tilt completed a $30 million Series A funding round, with investors including Pantera Capital and Hack VC.Bitcoin mining hardware manufacturer Canaan Creative raised $30 million in an undisclosed funding round.Deblock, offering a non-custodial wallet-integrated current account, completed a $16.8 million seed round with investors such as Headline and Hoxton.Noble, a universal asset issuance chain built for the IBC ecosystem, secured $15 million in a Series A round led by Paradigm and Wintermute.Kratos Gaming Network, a player-proof engine, raised $10 million in funding from Aptos, Polygon Labs, and others.

The level of activity in the crypto investment and financing market this week remained consistent with the previous week, with infrastructure leading at 6 deals and DeFi at 3 deals. The largest funding rounds this week were secured by Monkey Tilt and Canaan Creative, each raising $30 million.

The investment and financing projects this week are sorted by financing amount as shown in the following chart:

Infrastructure

According to ROOTDATA’s investment and financing data on November 22, Lnfi Network completed an undisclosed amount of Pre-seed round financing, with investors including HashKey Capital and Waterdrip Capital. Lnfi Network is a Layer 2.5 solution aimed at bringing Web3 and tokenization to the Lightning Network. It launched LightningFi (representing Lightning Finance), a financial layer that supports sending/receiving, issuing, distributing, fundraising, staking, locking, gifting, and trading Taproot assets via Nostr.According to ROOTDATA’s investment and financing data on November 21, Deblock completed a $16.8 million seed round of financing, with investors including Headlin and Hoxton. Deblock is an integrated non-custodial wallet checking account that allows users to deposit, withdraw, spend, and exchange euros or cryptocurrencies.According to ROOTDATA’s investment and financing data on November 21, Shinami completed a $5.64 million seed round of financing, with investors including Race Capital and 6th Man Ventures. Shinami is building an infrastructure developer platform for Sui. Its products aim to help teams build applications faster with better user experiences and lower overhead, including node services, in-app wallets, and more.According to ROOTDATA’s investment and financing data on November 19, OpenLayer completed a $5 million seed round of financing, with investors including IOSG Ventures and Spartan Group. OpenLayer is a modular real-world data layer designed to modernize traditional data flows. It leverages contributions from everyone and every device, offering a modular solution to coordinate data collection, validation, and transformation while meeting the needs of both Web2 and Web3 companies.According to ROOTDATA’s investment and financing data on November 19, Noble completed a $15 million Series A financing round, with investors including Paradigm and Wintermute. Noble is an application chain built for native asset issuance in the Cosmos and IBC ecosystems. It helps issuers manage their tokens through functionalities such as burning, minting, blacklisting, and more. Noble acts as an intermediary, collaborating with stablecoin issuers to efficiently distribute their products across 50 different blockchains and providing developers with a seamless user interface to ensure their application chains are compatible with Noble.According to ROOTDATA’s investment and financing data on November 19, Bitfinity Network completed a $5 million financing round, with undisclosed investors. Bitfinity (formerly InfinitySwap) is a next-generation EVM serving as a Layer 2 for Bitcoin and other assets. It utilizes a threshold signature scheme and is built on IC.

DeFi

According to ROOTDATA’s investment and financing data on November 22, Exponent Finance completed a $2.1 million funding round with investors including RockawayX and Solana Ventures. Exponent Finance is a fixed-price DeFi marketplace on the Solana network. It issues time-locked tokens that can generate fixed returns or be used for yield trading. These tokens have expiration dates, allowing users to convert variable DeFi yields into fixed returns over a set time span or increase their exposure to yield fluctuations.According to ROOTDATA’s investment and financing data on November 19, Barter completed a $3 million seed funding round with investors including Maven11 and DCG. Barter is a protocol optimization platform designed to support decentralized applications by providing efficient trade routing and optimization.According to ROOTDATA’s investment and financing data on November 19, Alluvial completed a $4.3 million strategic funding round with investors including Variant Fund and Ethereal Ventures. Alluvial is an enterprise-grade liquid staking protocol that allows token holders to earn rewards from their staked digital assets while ensuring those assets remain freely tradable and usable in other DeFi applications. Alluvial’s API integration enables digital asset exchanges, custodians, and other enterprises to seamlessly and efficiently incorporate Liquid Collective’s liquid staking features into their existing product experiences.

Gaming

According to ROOTDATA’s investment and financing data on November 21, Kratos Gaming Network completed a $10 million funding round with investors including Aptos and Polygon Labs. Since 2022, Kratos Studios has been on a mission to bring millions of micro-gaming communities from emerging markets into Web3 to create the most robust Proof of Gamer (POG) engine and the Kratos Gaming Network (KGeN). The POG engine will enable gamers and game developers worldwide to interact seamlessly through KGEN, a multi-chain gaming data network.According to ROOTDATA’s investment and financing data on November 20, Monkey Tilt completed a $30 million Series A funding round with investors including Pantera Capital and Hack VC. Monkey Tilt is an online betting platform focused on the convergence of cryptocurrency and online gambling. Players can win real money by accurately predicting whether their chosen players will exceed or fall short of their statistical forecasts.According to ROOTDATA’s investment and financing data on November 18, KOKODI completed a $1.1 million seed funding round with investors including Avalanche and Tenzor Capital. KOKODI is a cross-chain, multi-platform MMO game that leverages zero-knowledge encryption technology for gameplay. Set in a fantasy environment, the game is a third-person shooter offering two modes. The main mode, “Raid,” draws inspiration from Escape from Tarkov and Hunt: Showdown, blending intense and strategic gameplay. The “Arena” mode integrates the best mechanics and gameplay elements from titles such as Valorant, Overwatch, Apex Legends, and World of Warcraft.

Social

According to ROOTDATA financing data from November 20, Gabby World completed a $2 million funding round, with investors including SevenX Ventures and EVG. Gabby World is an AIGC social metaverse designed for users’ virtual personas, “Gabbies,” which represent users for social interactions in the Web3 world.According to ROOTDATA financing data from November 19, LuluChain completed a $5 million funding round, with investors including DG Capital and SMO Capital. LuluChain is an innovative platform that combines emotional value with blockchain technology. Leveraging modular blockchain and AI technology, it facilitates efficient emotional data management and personalized services. LuluChain envisions building an intelligent emotional value ecosystem based on modular blockchain, providing secure and personalized social scenarios, and promoting the digital and objective transformation of emotional value globally. By converting human emotions into quantifiable and tradable digital assets, it aims to create a new value chain for a decentralized world.

Other

According to ROOTDATA financing data from November 22, Truemarkets completed a $4 million IDO funding round. Truemarkets is a decentralized prediction market that enables users to forecast the outcomes of real-world events. Its goal is to eliminate information asymmetry related to global news, allowing individuals to express real-time sentiment on the likelihood of potential outcomes.According to ROOTDATA financing data from November 21, Rise completed a $6.3 million Series A funding round, with investors including Draper Associates and Polymorphic Capital. Rise is an all-in-one compliance and payroll solution for global recruitment companies, supporting automatic routing between fiat and cryptocurrencies. It helps businesses onboard, manage, and pay local and international contractors while ensuring full compliance and easing complex tax processes.According to ROOTDATA financing data from November 20, Membrane Finance completed an acquisition funding round of an undisclosed amount, with Paxos as the investor. Membrane Finance is a fintech company specializing in financial software and services that seamlessly connect traditional financial infrastructure with blockchain-based services. Membrane Finance is the primary architect of EUROe, a fully reserved euro stablecoin regulated by the EU, which brings fiat euro liquidity on-chain.According to ROOTDATA financing data from November 20, Blowfish completed an acquisition funding round of an undisclosed amount, with Phantom as the investor. Blowfish is a provider of crypto firewalls designed to enhance and protect Web3 users by identifying malicious transactions in real time. Blowfish has developed an easy-to-use API that helps wallets and custodians safeguard their users against various attacks (phishing, dApp-level DNS hijacking, software supply chain attacks, etc.), providing real-time warnings and readable transaction context.According to ROOTDATA financing data from November 19, Canaan Inc. completed a $30 million funding round, with undisclosed investors. Canaan Inc. is a China-based computer hardware manufacturer founded in 2013. The company focuses on blockchain servers and ASIC microprocessor solutions for Bitcoin mining.