Episode 41｜Force Web3 Weekly Investment and Financing Events August4–11, 2022.
In 2022, privacy is the new hot topic in the crypto industry after scalability. Privacy is a term we generally use for user data privacy and information privacy. However, the harsh truth is that under public power, citizen privacy is a term that tends to be “self-defeating.” In the case of commercial privacy breaches, we have tried to address them in various ways, such as cryptography, privacy storage, computing, and DID login restrictions. Individual protests are drowned out when it comes to privacy violations or breaches at the government level. All political groups, by all means, are pursuing accurate intelligence and detailed information. One can cite examples against this, but it is undeniable that under the current political form and governance system, the privacy of individuals and businesses is extremely limited. No information or data cannot be accessed, only data that has no value, and one does not want to inquire about accessing it.
On the other hand, the value citizens place on privacy varies from country to country and region to region, depending on the economic base and social and cultural ethos. It is good to see that privacy has become a hot topic this year. Although it is not urgent, widespread, or far-reaching, the fact that it is being taken seriously and that money and workforce are being invested in researching and addressing it is a new phenomenon to be celebrated. Zero-knowledge proofs are the dominant technology relied upon in the crypto industry’s privacy track this year, but how well are they being addressed? We don’t know yet, and absolute privacy is essentially impossible when there are countries, borders, and the need for political isolation and domination.
This week, Risc Zero, a Web3 startup team that uses ZK technology to create scalable blockchains, received a seed round of 12 million funding led by Bain Capital, using ZK-STARKs proofs developed by StarkWare, and has also released its first open source product and virtual machine, LLVM, allowing developers to build ZK proofs using traditional or blockchain-centric programming languages (e.g. C++ or Rust, etc.) for execution on computers. Earlier, Aleo, which also uses the ZK layer blockchain, also received heavy investment from the capital markets and is, for now, still in the beta network phase. Okay, let’s look at the text below.
- Project Name: Ansible Labs
Project Category: payments platform for blockchain accounts
Project Description: The first product from Ansible Labs is Beam, an off-ramp product with multi-chain support for non-custodial wallets that can be used directly through a Web3 app with bank-grade compliance.
Financing Round:Seed Funding Round
Amount of Financing: 7 Million
Investors: Led by early-stage crypto venture capital firm Archetype.
Project Category：Decentralized smart contracts platform
Project Description:Injective sets out to resolve scalability issues and bottlenecks that can mar the user experience on decentralized exchanges (DEXs).
Financing Round: funding round
Amount of Financing: 40 Million
Investors: led by Jump Crypto.Brevan Howard Unit also participated in the round.
3、Project Name: Unstoppable Finance
Project Category: Blockchain Games
Project Description:its product is a decentralized finance (DeFi) wallet “Ultimate.”Ultimate is a self-custody wallet mobile app that offers access to a DeFi protocols with the aim of offering easy investing and trading to the masses.
Financing Round: Series A
Amount of Financing: 12.8 Million
Investors:Led by Lightspeed Venture Partners, included participation from Rockaway Blockchain Fund and Fabric Ventures.
4、Project Name: RISC Zero
Project Category: Blockchain startup
Project Description:RISC Zero, a startup using zero-knowledge (zk) technology to create a scalable blockchain.
Financing Round: Seed round
Amount of Financing: 12 Million
Investors:Led by Bain Capital,Other participants in the round included Geometry, D1 Ventures and Cota Capital.
5、Project Name: Pinata
Project Category: NFT distribution platform
Project Description:Pinata provides infrastructure that allows creators to distribute NFTs across marketplaces, metaverses, apps and blockchains. The platform supports any type of uploadable content from videos to apps, and the integrated content delivery network provides quick and reliable transactions.Pinata has more than 240,000 users worldwide, up from 104,000 users in January.
Financing Round: Series A
Amount of Financing: 18 Million
Investors:co-led by Silicon Valley venture capital firm Greylock Partners and Pantera.
6. Project Name: CreatorDAO
Project Category: a decentralized autonomous organization
Project Description:decentralized autonomous organization that provides capital and operational support to “creators”
Financing Round:funding round
Amount of Financing: 20 Million
Investors:led by Andreessen Horowitz and Initialized Capital
7. Project Name: Heirloom
Project Category: Software-as-a-Service startup
Project Description: Heirloom creates tools which can help enterprise firms enter the web3 ecosystem.
Financing Round: Unknown
Amount of Financing: 8 Million
Investors:Led by Ripple and Forte