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Fundraising weekly – OG Labs, Parallel, Elixir Games, BOB

Dates: 25 March 2024 – 31 March 2024 This week’s notable funding rounds:

0G Labs raised an impressive $35M in its Pre-seed funding round from a wide array of investors. 0G.ai introduces the first modular AI chain, aiming to revolutionize AI dApps with its infinitely scalable, programmable Data Availability (DA) layer.

Parallel secured an impressive $35M in funding from a consortium of investors including Distributed Global, The Operating Group, VanEck, and others. Parallel is an engaging sci-fi themed trading card game where players strategically battle using customized decks. The game’s narrative revolves around accumulating energy and building armies to shape humanity’s destiny. With its focus on blending deck building and strategic gameplay, Parallel offers a distinctive experience for enthusiasts of competitive play and sci-fi narratives.

Elixir Games raised $14M in its Seed funding round from backers such as SQUARE ENIX and Solana Foundation. Elixir Games offers a PC Game Launcher featuring a curated selection of indie games, emphasizing seamless integration of gaming with web3 technology for a next-generation gaming experience.

BOB (Build on Bitcoin) raised $10M in its Seed funding round from investors such as Castle Island Ventures and Mechanism Capital. BOB is a groundbreaking Layer 2 solution with full EVM compatibility and native Bitcoin support, facilitating seamless integration between Bitcoin and Ethereum ecosystems for various DeFi applications.

Flock, in its Seed funding round, raised $6M from investors such as Lightspeed Faction and Tagus Capital. Flock is pioneering a platform that utilizes federated learning for decentralized machine learning with a focus on privacy. By introducing a competitive edge in machine learning through an open leaderboard and sponsored training tasks, Flock aims to revolutionize industries with a community-driven approach to AI development.

Bitlayer, another Seed funding recipient, secured $5M from investors including Framework Ventures and ABCDE Capital. Bitlayer introduces itself as the first Bitcoin security-equivalent Layer 2 solution, built upon BitVM. By enhancing scalability, efficiency, and security for Bitcoin transactions, Bitlayer empowers developers and users within the Bitcoin community with advanced infrastructure for the decentralized web.

BloodLoop secured $4M in its Seed funding round from investors including Avalanche and Merit Circle. BloodLoop introduces a new genre of hero-shooter game with a focus on strategic combat and character-driven narratives, promising an immersive and competitive gaming experience.

Riema Labs (Nubit) secured $3M in its Pre-seed funding round from investors including dao5 and OKX Ventures. Riema Labs is renowned for its innovative data availability layer, Nubit, designed to enhance data throughput and accessibility on the Bitcoin network.

Unstable Money secured $2.5M in its Seed funding round from investors including Lattice Fund and Laser Digital. Unstable introduces a leverage layer for restaked ETH, offering advanced financial tools to enhance the utility and liquidity of staked Ethereum within the DeFi ecosystem.

Rug.ai raised $1.1M in its Pre-seed funding round from investors including No Limit Holdings and Mask Network. rug.ai is building an infrastructure for trading on-chain, powered by AI.

Satoshi Protocol raised an undisclosed amount in its Seed funding round from investors such as Web3Port Labs and Waterdrip Capital. The Satoshi Protocol aims to foster a new era of decentralized finance by enhancing transparency and efficiency in blockchain transactions.

BEVM secured an undisclosed amount in its Seed funding round from investors including RockTree Capital and Waterdrip Capital. BEVM introduces the first fully decentralized Bitcoin Layer 2 (L2) that is EVM-compatible and uses BTC as gas, aiming to enhance the Bitcoin ecosystem with increased usage and decentralized application development capabilities.

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