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Privacy Layer 1 Network Swisstronik Completes $5 Million in Seed Round Financing
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Privacy Layer 1 network Swisstronik has announced on social media that it has completed a $5 million seed round of financing. Two investors, Constantin Guggi and Anton Polianski, have joined the team as co-founders and executives.
Swisstronik is building a secure network, oracle, and authorization system that complies with legal and privacy regulations, with a focus on privacy and decentralization. The new funding will drive its mainnet launch in 2024. In addition, Swisstronik has launched a token private sale round, with participation from UAE venture capital firm MAQ Capital Home.
Singapore-based decentralized multi-chain trading platform, Uxuy, has secured $7M in Pre-A funding from a range of investors including Binance Labs, Matrix Partners, and GBV Capital. The funds will be used to facilitate low-cost transactions of various assets across different blockchain networks. Uxuy, which is incubated by Binance Labs, aims to provide users with a seamless trading experience.
Bitcoin native application platform Arch developer Arch Labs announced the completion of a $7 million seed round of financing, led by Multicoin Capital, with participation from Portal Ventures, OKX Ventures, Big Brain Holdings, CMS Holdings and Tangent.
AgriDex, a tokenization platform on the Solana blockchain, announced the completion of a $5 million Pre-Seed round of financing, led by Endeavor Ventures, with participation from African Crops Limited, Oldenburg Vineyards, and former Goldman Sachs and Citadel executive, Hank Oberoi. It is reported that AgriDex is expected to launch its platform and token, AGRI, in the third quarter of this year. According to its white paper, AgriDex has reserved 5% of the total token supply, or 50 million tokens out of 1 billion tokens, for airdrops.
UXUY, the next-generation decentralized multi-chain trading platform incubated by Binance Labs, announced the completion of a $7 million Pre-A round of financing. Since its establishment, its total financing amount has exceeded $10 million. UXUY is an important builder of the Bitcoin ecosystem, and more than 100,000 traders use Bitcoin Lightning Network services through UXUY. UXUY's current round of financing has received investment from well-known institutions in Asia, North America, and Europe, such as Binance Labs, UTXO Management (Bitcoin Magazine), JDI Ventures, Bixin Ventures, SWC Global, Matrix Partners, CMS Holdings, Dewhales Capital, Comma3 Ventures, Satoshi Labs, YBB Capital, GBV Capital, Web3Vision, Pentos Ventures, NGC Ventures, Alti5, Metalpha, and GSR. The funds raised by UXUY in this round will be used for the construction of the Bitcoin ecosystem infrastructure, and will be committed to promoting the efficient and low-cost trading of Lightning Network Taproot Assets, Ordinals BRC-20, Runes, and other assets. Jordan, co-founder of UXUY, said: "We are pleased to be strategic partners with all investors! This year, we have successfully built a bridge between the Bitcoin Lightning Network and the multi-chain ecosystem. UXUY will continue to promote the use cases and popularization of the Lightning Network in trading scenarios, and make more contributions to the Bitcoin ecosystem." According to RootData, a Web3 asset data platform, UXUY is a next-generation decentralized multi-chain trading platform based on MPC wallets. UXUY actively participates in the construction of the Bitcoin Layer2 ecosystem, fully integrates into the Bitcoin Lightning Network and Taproot ecosystem, provides Lightning Address DID services to users, and becomes an important bridge connecting the Bitcoin and Ethereum ecosystems. As a decentralized multi-chain trading platform, UXUY provides immediate cross-chain trading services for Coin, Token, and Inscription among public chains through the establishment of uPool.
According to Cointelegraph, Web3 game developer Seeds Labs has announced the completion of a $12 million seed round financing, with participation from Avalanche's Blizzard Fund, Solana Foundation, Krust, Hashkey Capital, UOB Ventures, Signum Capital, IVC, and Emoote.It is reported that Seeds Labs, a Solana ecosystem game infrastructure developer, was established in 2021, and its Web3 game Bladerite is scheduled to be released this month.
Peter Thiel's Founders Fund led a seed funding round of $13.2 million for the cryptocurrency startup Lagrange Labs. In addition to Founders Fund, the seed funding for Lagrange also included participation from Archetype Ventures, 1kx, Maven11, Fenbushi Capital, Volt Capital, CMT Digital, Mantle, and Ecosystem.
The biggest new threat to privacy in 2023 wasn’t any surveillance program. It was the false advertising Big Tech companies use to trick people into thinking their products are private.
Like oil companies claiming fossil fuels are “green”, Google, Apple, Microsoft, and others increasingly try to convince people their surveillance-based advertising models are “private” when they’re not. This sneaky marketing practice is known as privacy washing(new window).
OKX, a popular crypto exchange, has announced that it will delist several privacy tokens, including Monero, in 2024. The decision to delist 11 different tokens was based on OKX's own guidelines and feedback from its users. Customers have been advised to cancel any orders relating to these trading pairs before the delisting time arrives, otherwise, they will be automatically canceled by the exchange. While OKX has not specified which tokens are being delisted due to low activity versus feedback from users, Monero and ZCash are both quite popular within the market and have tangible growth potential.
Nocturne, a New York City-based company that offers on-chain private accounts, has raised $6 million in seed funding. The round was co-led by Bain Capital Crypto and Polychain Capital, with participation from Ethereum co-founder Vitalik Buterin and other members of the Ethereum community, as well as Bankless Ventures, HackVC, and Robot Ventures. The funding will be used to accelerate the production and deployment of Nocturne's protocol across various ecosystems, as well as to fund legal work to navigate the changing regulatory environment. Nocturne plans to launch on mainnet within the next month, providing a compliant non-custodial privacy option to retail users and allowing for integrations with wallets, payment companies, and other strategic partners.
Beldex, a hub for privacy ecosystem based in Mahe, Seychelles, has secured $3 million in funding from Block Alpha, a transparent and collaborative Web3 market maker. The investment will be used for research and development of Beldex's blockchain infrastructure and ecosystem. Beldex, led by Chairman Afanddy Bin Hushni, is committed to developing a private Web3 environment that protects user data and identity in the digital domain, as evidenced by its extensive Web3 ecosystem that includes BChat, BelNet, the Beldex browser, and its privacy protocol.
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