🚀veDAO Financing Daily News 11/10/2023

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【1】Ritual

Amount: $25 million

Stages: Series A

Date: November 8

Investors: Archetype, Accomplice, Robot Ventures, dao5, Accel, Dialectic, Anagram, Hypersphere Ventures, Balaji Srinivasan, Chase Lochmiller, Scott Sunarto, Keone Hon, Sergey Gorbunov, Georgios Vlachos, Daniel Shorr, Ryan Cao, Avra, Nicola Greco, DC Builder, Kevin Pang, Grug, devops 199fan, Ambush Capital

Category: Infrastructure, Artificial Intelligence

Description: Ritual is a decentralized AI compute platform, Ritual laid out five key areas of focus: to create its incentivized network that connects distributed computing devices to power hosting, sharing, inference and fine-tuning of AI models; an API layer for access to models; a proof layer that guarantees computational integrity; censorship resistance; and privacy.

Website： https://ritual.global/

Twitter： https://twitter.com/ritualnet

【2】Sock

Amount: $2.8 million

Stages: Seed round

Date: November 8

Investors: Haven Ventures, Designer Fund, Expansion, Spacecadet Ventures, Sunflower Fund, Olive Capital

Category: CeFi, Savings Investment

Description: Sock is a mobile investing app that helps casual crypto investors build wealth with crypto safely. It makes it simple for users to automatically protect their investments through stop-loss and limit orders and provides insights to empower users to invest wisely. Taking a stance against high-risk trading and behaviors, Sock does not support trading tokens that fail to meet its stringent criteria, such as meme coins or unrealistic APYs. Instead, it empowers users to “do the research” by using Sock Score, which allows investors to understand a token’s fundamentals. All tokens on Sock come with an A-F risk grade, giving Sock’s customers peace of mind about their investments based on their risk tolerance and financial goals.

Website： https://www.sock.app/

LinkedIn： https://www.linkedin.com/company/sock

【3】Definitive

Amount: $4.1 million

Stages: Seed round

Date: November 8

Investors: BlockTower Capital, Nascent, Coinbase Ventures, Geometry, Robot Ventures, CMT Digital, Matrixport Ventures

Category: DeFi

Description: Definitive is an execution platform and API for DeFi, offering non-custodial smart contracts and automation services across many DeFi protocols. Every Definitive smart contract is backed by a powerful and proprietary off-chain engine. Together, they work in tandem to streamline DeFi execution for end users, from complex yield strategies to high frequency trading algorithms.

Website： https://www.definitive.fi/

Twitter： https://twitter.com/DefinitiveFi

About veDAO

veDAO is a one-stop platform for web3 trend tracking intelligent trading driven by AI. It combines the market phenomena presented by big data analysis with the massive trading liquidity and is committed to creating a web3 AI exchange that would be beneficial for both Web2 and Web3 users to trade and invest.

veDAO has an industry-leading AI large language model composed of on-chain analysis and sentiment indicators, providing users with active data support. Integrated by intelligent, fast, safe, and real-time monitoring AI trading function design, as of now, the number of highly active users has exceeded 37,000, with over 22,000+ Twitter KOLs, also onboarded 180+ professional organizations belonging to the veDAO expert committee. The platform listed exceeds 8,300+, with 220+ talent scouts continuously adding Web3 projects.

veDAO upgrades products at a bi-weekly rate, determined to build a bridge from Web2 to Web3, and serves all domain users to check projects, see trends, and find both alpha primary investments and secondary trading.

Website:  https://app.vedao.com/

Twitter:  https://twitter.com/vedao_official

Telegram:  https://t.me/veDAO_EN

Discord:  https://discord.gg/NEmEyrWfjV