Web3 social-focused application Focus Tree announced the completion of a $2 million seed round of financing, with Sfermion leading the investment and Volt Capital, Psalion VC, StarkWare, Typhon Ventures, Foresight Ventures, and others participating.

The decentralized settlement protocol Kima Network has completed a new round of financing, with Connectico Capital participating and forming a strategic partnership. The specific financing amount and valuation information have not been disclosed. Kima is a blockchain-based decentralized settlement protocol aimed at solving fragmentation issues in cryptocurrencies and the wider financial industry. Connectico can help promote the project's listing on top centralized exchanges (CEX) and decentralized exchanges (DEX), as well as assist in ensuring listing on Launchpad. The two sides will also work together to carry out a series of joint marketing activities and promote the development and expansion of Kima's solution.

Rune analysis infrastructure protocol SatScreener has completed a $500,000 pre-seed round of financing, led by Sora Ventures.

Decentralized AI platform SingularityNET co-founder Simone Giacomelli's new AI company Prem Labs has completed a $14 million seed round of financing, with investors including David Maisel, founder of Marvel Studios, Fan Zhang, co-founder of Sequoia Capital China, and Alan Lipschitz, founder of Incubeta. David Maisel has been appointed as a member of Prem Labs' advisory committee. Prem is committed to democratizing AI model creation, enabling businesses and individuals to train, deploy, and own their own AI models. According to LinkedIn, Simone Giacomelli served as co-founder of SingularityNET from June 2017 to June 2019.

Decentralized internet synchronous network Multisynq announced the completion of a $2.2 million seed round of financing, led by Manifold. ARKN Ventures, PHD Capital, EnigmaFunge, AlphaCrypto, Republic Crypto, as well as angel investors gmoney.9dcc and nani participated. The project has not yet disclosed any relevant valuation information. Multisynq allows individuals to sell excess internet bandwidth to developers to create a unified online experience, monetize it, and connect Synqers and Coders, allowing anyone to participate as a Synqer and receive rewards, while providing low-latency, synchronous connections for multiplayer games and applications built by Coders on the network.

Bythen, an AI protocol for human-machine interaction based on Ethereum, announced the completion of a $3 million seed round of funding, with participation from East Ventures, BEENEXT, ED3N, GuildFi Global, Dingaling, Grail.eth, GiulioX, and others. It is reported that bythen is building an AI product protocol that can create autonomous 3D avatars driven by artificial intelligence.

MadFi, a crypto social protocol, announced the completion of a $1 million angel round of financing, led by PTC Crypto, with participation from Social Graph Ventures, Avara, and a group of angel investors.

Messari stated in an article that the financing amount in the first quarter of 2024 decreased by 23% compared to the previous quarter, mainly due to the abnormal financing dominated by Bitcoin miners in the fourth quarter of last year in November.

Hopae, a South Korean blockchain digital identity authentication infrastructure, announced the completion of its Pre-Seed round of financing with participation from 500 Global. The specific amount and valuation information has not been disclosed. Hopae is a network security startup that specializes in using blockchain technology to build digital identity authentication infrastructure. It can monitor user login information in real time to detect and respond to abnormal activities. It is also reported that the company is the first Asian founding member of the Open Wallet Foundation.

According to official sources, modular blockchain Sophon has completed a $10 million financing round, with participation from Paper Ventures, Maven 11, The Spartan Group, SevenX Ventures, OKX Ventures, HTX Ventures, and others. Currently, there is no other detailed project information available.