The Venture Codex

Participated · Seed · Apr 2023

INTMAX develops a stateless zkRollup Layer2 protocol designed to deliver near-zero gas costs while preserving data sovereignty, targeting payments at global scale. It also offers the INTMAX Wallet (a Walletless Wallet) that leverages biometric authentication, MPC and FHE to provide secure, instant access across devices and browsers without app installs or seed phrases. The wallet reportedly reached over 1,000 daily registrations worldwide within three weeks of launch. The project positions its Layer2 to support extremely large scale (the team states capacity for handling up to one billion users per day) and to specialize in low-cost cross-border payments. Public milestones include a 2022 Ethereum Foundation grant and selection among Crypto Valley’s top 50 blockchain projects in 2023. Roadmap items in the article include additional wallet features in 2023 Q4 (support for non-biometric devices, other L2s, and link payments) and an INTMAX mainnet start targeted for 2024 Q1. INTMAX is a stateless zkRollup developed by Ryodan Systems AG that aims to combine extremely high scalability with customizable privacy for Ethereum Layer 2. The project claims it can scale to 1 billion users in a single day and targets near‑zero gas costs through design elements such as a preconsensus mechanism, state deltas, a zkRollup with limited online assumptions, and liveness/safety separation. Ryodan Systems announced a $5M seed raise to continue development and pursue a roadmap that includes an alpha on Ethereum mainnet in Q2 2023 and a mainnet launch in Q4 2023. The company is headquartered in Lucerne, Switzerland, and received an Ethereum Foundation grant in 2022. Ryodan Systems was also named one of Crypto Valley's Top 50 Best Performing Blockchain Projects in 2023. The fundraising included both institutional/VC backers and prominent angel investors who the company says will support development and ecosystem growth.

Participated · Series A · Feb 2022

Brand New Vision Ltd (BNV.ME) operates a premium platform for fashion NFT sales, offering 3D product creation, NFT drops and Future Wearability to bridge fashion and Web3.0. The company emphasizes true interoperability and building elevated NFT experiences across existing and upcoming metaverse offerings. BNV plans to expand its teams at headquarters and globally, adding representation in London, New York, LA, Amsterdam, Stockholm, Seoul and Hong Kong. Upcoming initiatives include a series of NFT drops with designers and brands timed around Fashion Weeks and the launch of a social token to grant holders access to virtual and physical experiences. Financially, BNV completed a US$4 million Series A to fund product development, team growth and increased visibility across fashion, gaming and crypto communities.

Participated · Series A · Oct 2021

DeHorizon is a metaverse game ecosystem led by gaming veterans and web3 experts that builds blockchain-based titles and NFT infrastructure. The company announced a strategic financing round led by Griffin Gaming Partners and Circle Ventures; the press release did not disclose the round size or instrument. This strategic round follows an $8.5 million Pre‑Series A in October 2021 led by Sfermion, Dragonfly Capital, and Everest Ventures Group. DeHorizon says the funding will help incubate a broader portfolio of games, expand the team, and iteratively grow the DeHorizon metaverse. Publicly announced titles include Team battle DeVerse, Battle royale DeTournament, and Dragon-racing DeMythical, with Effigy (a crowd‑sourced medieval fantasy) also in development. The company has launched DeMeta (an editable ERC‑721 NFT), debuted the Dr.De NFT on OpenSea (floor price 4 ETH at press time), begun an internal DeVerse test on Feb 22, 2022 with a 16,535,968 DVT prize pool, and announced partnerships with multiple crypto gaming guilds. DeHorizon Foundation is the team behind DeHorizon, a community-powered Game Metaverse focused on “Play for fun and to Earn.” Its flagship title, DeVerse, is described as the first blockchain-based MMO/RPG on DeHorizon, a high-fantasy action-adventure open-world where players mint NFT monsters, mine resources, undertake quests and tame creatures. The project emphasizes player control of assets, privacy information, and governance through a decentralized autonomous organization (DAO). DeHorizon recently launched an interoperable, editable and evolvable ERC-721 DeMeta Pass ID NFT, with the first batch claimed in under 30 minutes. The organization plans to use new funding to accelerate DeVerse’s development and grow the team.