Crypto Fundraises | January 2nd - January 9th

Welcome to the Coinfeeds Weekly Fundraising Report! We’re back at it this year, having found 5 rounds.

Below is a breakdown of the number of companies that fundraised by sector:

DeFi

Bracket Labs is a startup behind several DeFi products, notably a leveraged structured products standalone trading application called BracketX that simplifies payoff multiples and strategy utilization in general. BracketX is based on passages - volatility positions with no directional bias based on asset price ranges - that are fully collateralized, capital efficient, and packaged for easy purchase. Passage buyers can also earn different NFT cards for trading different amounts. On January 5th, Bracket raised a Pre-Seed round of $2 million from Binance Labs, NGC Ventures, PHD Capital, W3Coins, Scope Research, and others.

Memes

MEME is the native token of Memeland, a community-led venture studio built by the 9GAG team that connects different communities through its numerous NFT and art campaigns. Memeland also offers basic DeFi features with MEME, such as farming. Binance Labs announced on January 4 that they have invested in the MEME memecoin as an initiative to help grow web3 culture through SocialFi.

L2

Riema Labs, the company whose main product is Nubit, is the first Bitcoin-native data availability layer with the BRC-1310 standard. Nubit was built to reduce Bitcoin storage costs by as much as 99%, increase data throughput 100-fold, and minimize trust requirements compared to non-Bitcoin-native DA products. Nubit can bring normal data to Ordinals, high-frequency data to oracles, and rollup data to Bitcoin L2. Riena raised an Angel Round from Bounce and BRC20 on January 4th.

NFT

ISSP is the first multi-chain interoperability system for inscription protocols in the Sui ecosystem that is working on the SUI-20 standard. ISSP acts as a launchpad, a swap service, and a marketplace for Sui inscriptions. On January 4th, ISSP raised an undisclosed round that was led by Kucoin Labs.

Metaverse

DeMR is a Germany-based company building a decentralized mixed reality infrastructure network driven by NFTs that serve different purposes. Compass NFT is a contributor identification, Node License NFT is a computing and storage unit status verification, and Land NFT is a business right in the mixed reality content ecosystem. DeMR already has several HD mixed reality maps representing different locations and scenes, like a museum, shopping mall, and business street. On January 4th, DeMR raised a Strategic round led by Kucoin Labs.