Funding expansion: Digital currency platform Bluwhale pledges to invest $85 million in tokens, aiming for a $100 million total investment
In an exciting development, Bluwhale, a pioneering company in the blockchain sector, has secured a $93 million fundraising round. This investment will primarily support the growth, research, and technology development of Oceanum, a groundbreaking initiative created in partnership with Caldera.
Oceanum is designed to be a transformative platform for ocean health solutions, aiming to build scalable, technology-driven solutions for ocean restoration and monitoring. The platform is set to address critical issues such as marine biodiversity loss, pollution, and climate change impact on ocean ecosystems.
Bluwhale's CEO, Han Jin, has stated that while individual components for decentralized AI on the blockchain exist, they are mostly fragmented across platforms and chains. The collaboration with Caldera will result in the creation of a multi-functional RAG system for AI agents, models, and LLMs, unifying these scattered components.
The new fundraising round consists of $85 million from token purchase commitments and $8 million from grants and node sale proceeds. This brings the total raised by Bluwhale to $100 million, following a $7 million Seed round announced last March.
The fundraising attracted participation from various entities, including Movement Labs, Arbitrum, Cointelegraph, SwissBorg, Awaken Finance, CoinBureau, Altcoin Daily, Master Ventures, DWF Labs, Baboon Ventures, Cryptonite Capital, Hub71, NewTribe Capital, Vitality Ventures, Citizen Capital, Castrum Capital, Elevate Ventures, Common Wealth Fund, AlphaCrypto Capital, Faro, Kahuna, Moon Capital, EVO, and London Real Ventures.
Bluwhale's partnership with Caldera will result in the creation of Oceanum, a Zk-powered L3 on Arbitrum for decentralizing AI workloads. The company plans to use the new investment to expand its Web3 intelligence layer further across multiple L1 and L2 blockchains, making it more accessible and versatile.
Bluwhale's innovative projects, including Oceanum, are backed by leading Web3 VCs such as SBI Holdings, Primal Capital, NxGen Ventures, and Spire Capital, as well as Decima Fund (a collaborative fund of Animoca Brands, Gumi Cryptos, SBI, and MZ Crypto).
With this significant investment, Bluwhale and Caldera are well-positioned to build Oceanum as a key platform for innovative, impactful solutions toward healthier oceans.
- Every day, web3 enthusiasts will follow the latest finance news about Bluwhale's innovative projects like Oceanum, as Cointelegraph, CoinBureau, and Altcoin Daily have shown interest.
- Oceanum, Bluwhale's groundbreaking initiative with Caldera, is not just about technology development and growth; it aims to bring scalable solutions to critical ocean issues such as pollution and marine biodiversity loss.
- With the successful $100 million fundraising round, Bluwhale, in partnership with Caldera, is taking a bold step in the blockchain sector by developing Oceanum, a Zk-powered L3 on Arbitrum for decentralizing AI workloads, contributing to the daily advancements in web3 technology.
