Velvet Capital Announces $3.7 million Funding Round Led by YZi Labs and Blockchain Founders Fund, with participation from FunFair Ventures, DWF Ventures, and others. The new funds will accelerate the development of its DeFAI trading and asset management ecosystem and drive the issuance of the governance and utility token VELVET. Velvet Capital is an intent-driven DeFAI (Decentralized AI Finance) trading and asset management platform. [Cointelegraph]