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seed

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first_img Bitcoin yield platform HoneyB has completed a $5 million seed round financing, with a valuation of $30 million

The developer of the Bitcoin yield platform HoneyB, Nectar Group, has completed a $5 million seed round financing, led by Portal Ventures, with participation from Peer Venture Partners, Anchorage Digital Ventures, an unnamed family office, and angel investors. Co-founder and CEO Josh Gordon stated that this round of financing uses a Simple Agreement for Future Equity (SAFE) plus a one-to-one token warrant structure, with a post-investment valuation of $30 million, and none of the investors received board seats or advisory positions.HoneyB aims to help Bitcoin holders earn yields on their holdings. In its first strategy, users borrow stablecoins using Bitcoin as collateral and then invest them in yield strategies involving U.S. Treasuries, fixed income, credit, gold, volatility, and options. The Bitcoin collateral can be held through on-chain smart contracts or by a tripartite arrangement consisting of borrowers, lenders, and custodians, with Anchorage Digital and BitGo providing custody services. HoneyB has also deployed infrastructure on Ethereum, Sui, Solana, and Arch Network. Gordon stated that the underlying investment products target an annualized return of about 10%, and HoneyB aims to provide users with an annualized return of about 2% to 4% on their Bitcoin holdings after deducting borrowing costs and fees.The first strategy will use a fund under Simplify Asset Management, which manages approximately $13.5 billion in assets, with Alphaledger responsible for managing and tokenizing the fund, and Amber Capital SPC as the issuer. Gordon named Bitwise, Lombard, Solv, and Sentora as competing platforms, noting that HoneyB's differentiation lies in integrating custody, lending, and investment services on the same platform, allowing institutional partners to offer their products under their own brand. HoneyB plans to launch in the fourth quarter of 2026, with its first product aimed at institutional investors outside the U.S., followed by plans to launch institutional products in the U.S. and retail products expected in the first quarter of 2027. Its business model involves charging a platform fee on deployed funds, and this round of funding will be used for product development, custody and financing integration, legal compliance, and distribution. Nectar was established in October last year and currently has more than 12 employees.

first_img Volcano Engine launched the Seedance AI drama incentive program, with a maximum of 200,000 yuan per project

Phoenix Technology reported that on October 19, ByteDance's cloud and AI service platform Volcano Engine launched the Seedance Premium AI Drama Incentive Program, providing financial incentives for premium AI short dramas produced using Seedance and launched on the Hongguo Short Drama App. This program excludes live-action dramas and is only open to AI comics, AI simulated dramas, and other AI-generated forms. The video content of the submitted works must be entirely produced using Seedance, with the usage of Seedance 2.5 accounting for more than 50%, and the generation format through API or tool platforms is not limited.Works must rank within the top 50 AI dramas of the month based on Hongguo's popularity index and pass the review. The applicant can be a company or an individual and must ensure that the information is true and complete. The incentives are divided into three tiers based on monthly rankings: for TOP 1 to TOP 10, 200,000 yuan per work; for TOP 11 to TOP 20, 100,000 yuan per work; for TOP 21 to TOP 50, 50,000 yuan per work. The distribution method is 50% cash plus 50% equivalent vouchers. The vouchers can be chosen by the applicant at the time of registration from three options, including an equivalent Volcano Ark API Token, equivalent "Drama Creation" usage rights, or equivalent "Comic Creation Tool" usage rights. Selected works must cooperate to complete the verification of the work and generation records, and if necessary, submit original generation materials. Those who do not pass the verification or have false declarations will be disqualified from receiving incentives. The deadline for the first phase of the activity is January 31, 2027.

first_img Intellectual property platform IPX completes a $4 million seed round, with a valuation of $125 million

The intellectual property tokenization platform IPX announced the completion of a $4 million seed round financing, with a valuation of $125 million. This round was led by Bitsurge Holdings, with participation from YICIPX Holdings Family Office and a group of strategic investors. The company is headquartered in Miami, Florida, and the founder and CEO is Brendan McCafferty.IPX's products are built on Base and include an intellectual property agent operating system, a tokenization issuance platform, and IPX Exchange, allowing creators to complete tokenization, advertising, monetization, and distribution within the same system. The company claims that over 100 celebrities have signed exclusive tokenization agreements, covering both existing and new film and television projects in Hollywood, first-tier athlete video games, and YouTube creator membership tokens.The company plans to launch IPXOS, IPX Exchange, and the native token IPX on November 15, 2026, stating that this financing marks the beginning of a series of updates leading up to that launch date, with news on technology, partners, and the first original projects to be released almost weekly thereafter. Brendan McCafferty stated: Creators retain ownership, fans provide funding and share profits, and IPX connects traditional finance with tokenization channels without taking ownership away from creators.
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