Organizer: Luan Peng, RootData

According to incomplete statistics from RootData, during the period from March 3 to March 9, 2025, there were a total of 16 public financing events in the blockchain and cryptocurrency industry

Organizer: Luan Peng, RootData

According to incomplete statistics from RootData, during the period from March 3 to March 9, 2025, there were a total of 16 public financing events in the blockchain and cryptocurrency industry, with a cumulative financing amount of approximately $255 million.

From the distribution of sectors, the projects that received financing were mainly concentrated in the infrastructure and AI sectors. Popular projects include the decentralized AI protocol Prime Intellect, the Bitcoin ecosystem stablecoin project Aegis, the AI Agent service company MelodAI, and the Solana ecosystem DePIN project Shaga.

In addition, the blockchain asset risk management platform Lockchain.ai announced the completion of a $5 million Series A financing round, led by White Star Capital, with participation from Lerer Hippeau, Arrington Capital, and Sonic Boom Ventures.

* (List of projects with financing greater than $5 million last week, data source: Rootdata）

I. Infrastructure

Base has acquired the Iron Fish development team, excluding any chains or tokens

According to The Block, Base has acquired the Iron Fish development team to strengthen its efforts in privacy-focused blockchain solutions. This acquisition is limited to the internal team, and Base will not acquire the Iron Fish blockchain or its native token.

This means that the acquisition will focus solely on the team's expertise, while the Iron Fish project will remain independent and unrelated to Coinbase or Base.

Validation Cloud completes $15 million Series A financing, led by True Global Ventures

According to Fortune magazine, the AI-driven crypto infrastructure company Validation Cloud announced the completion of a $15 million Series A financing round, led by True Global Ventures, with participation from Cadenza, Blockchain Founders Fund, Side Door Ventures, and AP Capital. The company's valuation in this round of financing has not been disclosed.

This is the third round of financing for Validation Cloud, which has raised a total of $30.8 million since its establishment in 2017. Validation Cloud offers three main products to support blockchains based on the Proof of Stake (PoS) consensus mechanism. Its products include token staking functionality, software to connect computers to PoS networks, and access to data analyzed by AI.

Decentralized AI network Fortytwo completes $2.3 million Pre-Seed financing, led by Big Brain Holdings

The decentralized AI network Fortytwo announced the completion of $2.3 million in Pre-Seed financing, led by Big Brain Holdings, with participation from CMT Digital, Escape Velocity Ventures (EV3), Chorus One, Mentat Group, and angel investors including Santiago R Santos, Keone Hon, Paul Taylor, and Comfy Capital.

According to the Web3 asset data platform RootData, Fortytwo is a multi-agent AI protocol designed to unleash scalable and efficient intelligence to meet global demand for AI. In this system, nodes validate and construct responses from each other, forming a collective intelligence that is more efficient and accurate than centralized AI models, while costing only a fraction of the latter.

Privacy blockchain Seismic completes $7 million seed financing, led by a16z Crypto

According to official news, the privacy blockchain project Seismic announced the completion of $7 million in seed financing, led by a16z Crypto, with participation from Polychain, 1kx, NGC, and dao5. Specific valuation information has not been disclosed, and the new funds will be used to build a private smart contract platform.

According to the Web3 asset data platform RootData, Seismic is an interactive shield protocol aimed at helping users collaborate in gaming, communication, and social networks. Seismic's protocol serves as a set of sequencers that can be inserted into any chain.

Crypto payment platform Sati completes $600,000 Pre-Seed financing, with participation from BitcoinFi Accelerator

The WhatsApp-based crypto payment platform Sati announced the completion of $600,000 in Pre-Seed financing, with participation from BitcoinFi Accelerator, Arcanum Capital, Draper Associates, and Boost VC. The new funds will support its efforts to bring Bitcoin into the WhatsApp instant messaging application ecosystem, as well as stablecoin cross-border transaction services based on USDC and USDT.

DoubleZero Foundation receives $28 million investment, led by Dragonfly and Multicoin Capital

According to CoinDesk, sources revealed that DoubleZero Foundation received $28 million in its latest financing round, with a valuation of $400 million, and is currently seeking more investment at a valuation of $600 million. This round of financing was led by Dragonfly and Multicoin Capital. DoubleZero declined to comment.

DoubleZero is building a global private fiber network to enhance blockchain data transmission efficiency and reduce latency. It has opened a test network to Solana validators and plans to expand to more public chains. The network integrates private lines from institutions such as Jump Crypto, RockawayX, and Latitude.

Cross-chain bridging