TRENDX Community Financing Daily Report was released on May 23, 2024, covering the latest industry financing trends. The report includes financing updates on projects such as MONAD, KELP DAO, WEATHER XM, DOPE WARS, and STRIPCHAIN. MONAD is building a high-performance Layer 1 blockchain with undisclosed funding amount and round. KELP DAO completed a $9 million financing, WEATHER XM completed a $7.7 million Series A financing, while STRIPCHAIN secured $10 million in funding. Details of DOPE WARS financing were not disclosed. These projects span across infrastructure, DEFI, IoT, gaming, and interoperability sectors. TRENDX is an AI-driven WEB3 trend tracking and smart trading platform, aiming to be the preferred platform for the next billion users entering the WEB3 space.

For the latest and most comprehensive industry financing updates, and to get first-hand information, please follow the TrendX Financing Daily!<h3>【1】Monad</h3>Amount: Not disclosedRound: Not disclosedDate: May 21Investors: OKX VenturesProject Type: Infrastructure, Layer1, Parallel EVMProject Introduction: Monad is building a high-performance Layer 1 blockchain for the next generation of decentralized applications. Its mission is to accelerate the disruptive power of decentralization by building a blockchain that is 100 to 1000 times faster than its closest competitors, alleviating severe bottlenecks in existing blockchains, and enabling more complex applications and broader adoption.Additional Information: Completed $225M financing on April 9, 2024; Completed $19M seed round financing on February 14, 2023Website: <a href="https://www.monad.xyz/" target="_blank">https://www.monad.xyz/</a>X: <a href="https://x.com/monad_xyz" target="_blank">https://x.com/monad_xyz</a><h3>【2】Kelp DAO</h3>Amount: $9MRound: Not disclosedDate: May 22Investors: Laser Digital, SCB Digital Ventures, Bankless Ventures, Hypersphere Ventures, Cypher Capital, GSR, HTX Ventures, Draper Dragon, DACM, DWF Ventures, Scott Moore, Sam Kazemian, Marc Zeller, Amrit Kumar, Saurabh SharmaProject Type: Re-staking, LSD, DeFiProject Introduction: Kelp DAO is a triple-yield re-staking protocol based on EigenLayer. rsETH is a liquidity re-staking token (LRT) issued by Kelp DAO, designed to provide liquidity for illiquid assets deposited into re-staking platforms like EigenLayer.Website: <a href="https://kelpdao.xyz/" target="_blank">https://kelpdao.xyz/</a>X: <a href="https://x.com/KelpDAO" target="_blank">https://x.com/KelpDAO</a><h3>【3】Weather XM</h3>Amount: $7.7MRound: Series ADate: May 22Investors: Faction, Protocol Labs, Borderless Capital, Placeholder, Arca, Alumni Ventures, Red Beard VenturesProject Type: IoT, DePINProject Introduction: Weather XM is a Web3 weather network that uses crypto incentives to improve forecast accuracy. Weather XM's personal weather stations allow owners to become weather station operators and earn rewards by collecting and verifying data.Additional Information: Completed $5M seed round financing on June 30, 2022Website: <a href="https://weatherxm.com/" target="_blank">https://weatherxm.com/</a>X: <a href="https://x.com/WeatherXM" target="_blank">https://x.com/WeatherXM</a><h3>【4】Dope Wars</h3>Amount: Not disclosedRound: Strategic FinancingDate: May 22Investors: 1kxProject Type: Gaming, On-chain GamingProject Introduction: Dope Wars is an open-source metaverse project that adopts a "Play-To-Own" model, offering various games, experiences, and environments within a community-built ecosystem. The development ecosystem revolves around a game SDK, allowing contributors to seamlessly plug in different modules. Dope Wars was initially a branch of Loot (For Adventurers) and is inspired by GTA.Website: <a href="https://dopewars.xyz/" target="_blank">https://dopewars.xyz/</a>X: <a href="https://x.com/DopeWars" target="_blank">https://x.com/DopeWars</a><a href="https://x.com/TheDopeWars" target="_blank">https://x.com/TheDopeWars</a><h3>【5】StripChain</h3>Amount: $10MRound: UndisclosedDate: May 22Investors: Sora Ventures, Shima Capital, Hypersphere Ventures, Mechanism Capital, Hyperithm, Ascensive Assets, Santiago Roel Santos, Stephane Gosselin, Ryan SelkisProject Type: Interoperability, Infrastructure, Cross-chain CommunicationProject Description: Stripchain is a cross-chain interoperability protocol that allows developers to create commands called intents to perform operations such as transferring data between blockchains. Based on a system called stripVM, it will enable applications to communicate and coordinate with different protocols.X: <a href="https://x.com/Stripchain" target="_blank">https://x.com/Stripchain</a><h3>About TrendX</h3>TrendX is a global leading AI-driven Web3 trend tracking and intelligent trading platform, aiming to be the preferred platform for the next billion users entering the Web3 space. By combining multidimensional trend tracking and intelligent trading, TrendX provides a comprehensive project discovery, trend analysis, primary investment, and secondary trading experience.Website: <a href="https://app.trendx.tech/" target="_blank">https://app.trendx.tech/</a>Twitter: <a href="https://twitter.com/TrendX_tech" target="_blank">https://twitter.com/TrendX_tech</a>

TRENDX Community Financing Daily: Latest Industry Financing Trends (May 23, 2024)