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Crypto-to-fiat payment app P2P.me announced the completion of a $2 million seed round of financing from investors including Multicoin and Coinbase Ventures. P2P.me uses a network of middlemen to enable users to pay with stablecoins to merchants that only accept fiat currencies, and the transaction process takes about 90 seconds. The platform uses zero-knowledge proof technology to verify user identities and ensure privacy and security.
Collecto, a fragmented luxury investment platform, has completed a 2.8 million euro seed round of financing, with participation from LinkedIn Italy CEO Marcello Albergoni, Accenture Interactive Managing Director Alessandro Zanotti, McKinsey senior partners Andrea Travasoni and Guido Frisiani, Wind Tre Italy Co-CEO Gianluca Corti, BCG Senior Advisor and former ING Italy CEO Marco Bragadin, Jakala Civitas CEO Giacomo Lorusso, BizPal CEO Fabio Peloso and several seed round investors. This round of financing includes 2.3 million euros in equity financing and 500,000 euros from the Smart&Start Italia startup support program of the Italian Ministry of Economic Development. Collecto is a platform that democratizes luxury collection by offering exclusive items, including partial ownership of modern art, luxury watches and investment-grade wines.
Blockchain gaming platform Ultra announced the successful completion of a $12 million financing led by Luxembourg multi-family office NOIA Capital through its NOIA Digital Assets fund. In addition, Ultra also appointed Maxime van Steenberghe as Chief Operating Officer to further promote its position as Europe's leading gaming platform. Ultra plans to accelerate the realization of its 2025 roadmap through this financing and inject transformative power into the gaming industry.
The9 Limited, a Nasdaq-listed Internet company, announced that it has signed a private placement agreement with cryptocurrency investment funds Elune Capital, Fine Vision Fund and Bripheno Pte. Ltd. According to the agreement, the investors will inject $8 million into The9. The9 will issue Class A common shares to the investors at the average closing price of the 30 trading days before the signing of the agreement, and the issued shares will comply with the statutory lock-up period. The9 will establish a new company to operate its global GameFi platform. The company intends to reach a cooperation with a third-party international cryptocurrency foundation to use the GameFi token issued by the foundation as the official cryptocurrency of the platform. At the same time, it will cooperate with cryptocurrency exchanges to promote platform crypto users to join The9's GameFi ecosystem.
Cambrian Network, an AI infrastructure protocol, announced that it has completed a $5.9 million seed round led by a16z Crypto Startup Accelerator and participated by BB Fund. Cambrian aims to build an intelligent infrastructure for AI financial agents, enabling AI agents to make smarter market predictions and financial decisions by integrating on-chain and off-chain data. The project was founded by former members of The Graph and Semiotic Labs, and has now started private testing and plans to launch a testnet.