Participated · Equity · Jul 2024

Nubila is an ESG data oracle project that provides ESG data specifically for the DePIN ecosystem. The project's core product is an oracle designed to supply ESG-related data to DePIN participants. The company announced a new financing round and has raised $2.5 million. The round was led by IoTeX, VeChain and Boston Consulting Group. A broad group of investors participated, including OrangeDAO, MH Ventures, Future Money Group, SNZ Capital, DePINsurf, Kronos Research, Taisu Ventures, Bytetrade, WaterDrip, Deepin Lab, Assembly Partners, Cyber, Radiance Ventures and Genopets. The article does not disclose additional operational metrics or specific future plans.

Participated · Seed · May 2024

GaiaNet is developing a distributed AI infrastructure that aims to decentralize current AI agent software by harnessing a network of edge nodes controlled by individuals and businesses. Each GaiaNet node is designed to act as an AI twin or agent of a real-world expert or personality, hosting models based on proprietary domain knowledge to perform skilled tasks. The company plans to launch a testnet and software developer kit (SDK) in early Q3 2024; product alpha testing began in Q2 2024. GaiaNet is led by CEO Matt Wright and is based in San Francisco, CA. Financially, the company completed a $10M Seed round and intends to use proceeds to support development of new AI training models for developers and private data holders.

Participated · Seed · Feb 2024

HackQuest is a Web3 education platform focused on developer training and ecosystem building. It completed a $1.1M Pre-Seed financing to expand its course offerings and support more Web3 builders in launching projects. The round included strategic investors and ecosystem backers, and the company also received support from Open Campus OCX. HackQuest has established official developer-education or ecosystem partnerships with more than ten public chains, including Mantle Network, Solana, and Arbitrum. The company plans to collaborate with universities such as Nanyang Technological University to deliver courses and grow its educational reach.

Led · Series A · Nov 2023

Waterfall Network is a Swiss L1 smart contract platform built to address security, scalability and decentralisation for dApp developers. Its Directed Acyclic Graph (DAG) architecture enables low hardware requirements and is designed to allow validator nodes to run on low-cost laptops and mobile phones in the future. The protocol is Ethereum Virtual Machine (EVM) compatible to support portability of decentralized applications. Waterfall recently set a performance record of 12,778 transactions per second (TPS), highlighting the network's scalability. The company says the funding will advance research and development to strengthen platform infrastructure, including node simplification and further network advancement. Sergii Grybniak, Head of Research at Waterfall, described a rapidly growing community of supporters and validators. Waterfall Network is a Layer 1 smart‑contract platform built to solve speed, security, and scalability while preserving decentralization and on‑chain transparency. Its protocol incorporates Directed Acyclic Graph (DAG) technology to enable unlimited scalability and low processing‑power requirements so validators can run on basic laptops and mobile phones. The network is fully EVM‑compatible, allowing portability of existing Ethereum dApps without new programming languages. Waterfall also intends to implement a “one person one vote” governance model designed to prevent control via capital. BlueWave, a Texas‑based development firm, is the primary development house behind the Waterfall protocol and manages the engineering team. Waterfall has announced it will use recent funding to accelerate its inaugural mainnet launch targeted for Q1 2024.

Participated · Equity · Oct 2023

MUA DAO operates a Web3 creator community and has launched the universal asset multichain protocol MUA-7648. The project is running a MUA7648 x Mantle BigFun NFT-Fi joint airdrop with prize pools of MUA and MNT totaling more than $500,000. Users can earn MUA by interacting with the MUA-7648 protocol in the Cantina market, holding various MUA and partner assets, and inviting friends; 45% of MUA is allocated for community incentives. The event is supported by nearly 30 top BTC and ETH NFTs, inscription projects, and the Mantle Ecological Foundation. MUA DAO previously received US$5 million in financing from Avalanche, ByteTrade, Rocktree Capital and Wu Jihan. In early May the team launched the second phase of an official Alipay+ D-store with Alibaba Cloud to promote Web2–Web3 commercial integration in the Southeast Asian market.