The popularity of DeFi is gradually fading, and data shows that the trading volume of Uniswap in July has decreased by about US$24.8 billion compared with the high point in May. From the statistics of this week (8 projects in total), the number of investment and financing of web3 infrastructure projects (2) has slowed down, the number of investment and financing of NFT (2) and Game (3) projects has begun to rise, and the number of investment and financing of DeFi (1 The number of investment and financing projects is still relatively small. CGV and CTC have summarized the investment and financing information worth noting in the global encryption market for a week. The following is the investment and financing information of the global encryption market from August 8 to August 14, 2022:

【infrastructure】

1.Satellite IM | Financing $10.5 million | Multicoin Capital led the investment

On August 11, Satellite IM, a decentralized communication platform, announced that it has completed a $10.5 million seed round of financing. Framework Ventures and Multicoin Capital co-led the round, with participation from Solana Ventures, IDEO CoLab, Hashed, and Pioneer Square Labs Ventures.

Satellite IM is a decentralized communication platform that enables peer-to-peer private messaging. Satellite IM plans to offer early access to its desktop app this summer and launch its mobile-native app called UpLink in the fall.

2. Datawisp | $3.6 million in seed round financing | CoinFund leads the investment

On August 12, Web3 startup Datawisp announced the completion of a $3.6 million seed round of financing, led by CoinFund, with participation from Spartan Capital, Mirana Ventures, Dweb3 Capital and existing investor Play Ventures. Datawisp provides solutions primarily for businesses that rely on data-driven analytics to make decisions, with innovative products that support gaming and web3 applications.

【DeFi】

3.Injective | $40 million in financing｜Jump Crypto led the investment

On August 10, Injective, a cross-chain trading protocol, announced the completion of US$40 million in financing. This round of financing was led by Jump Crypto, and BH Digital, the digital asset division of hedge fund company Brevan Howard, participated in the investment.

Injective Labs CEO Eric Chen said the project is emerging as a “general-purpose layer-1 blockchain with a specific industry focus,” and hopes developers will be able to launch their DeFi applications on Injective. Terra ecosystem app Aperture is migrating its operations to Injective.

【Game】

4. Arrivant | $5 million in seed round financing｜Polygon participated in the investment

On August 9, chain game studio Arrivant announced the completion of a $5 million seed round of financing, with a post-money valuation of $35 million. C2 Ventures led the round, with participation from Polygon, 6th Man, and Lightspeed. This round of financing will be used to expand the size of its team and focus on providing early access to the game by the first quarter of 2023. Arrivant is porting its Solana game Eluüne: StarGarden to Polygon.

5. VisionsDAO | $2.2 million in seed round financing｜Animoca Brands participated in the investment

On August 9, VisionsDAO, a GameFi infrastructure start-up company, announced the completion of a $2.2 million seed round of financing, with Animoca Brands, Spartan, and angel investors such as Trent McConaughy, Bruce Pon, and John Lilic participating.

VisionsDAO is building GameFi infrastructure and tools so that developers and artists can do more together, enabling engaging gameplay and a circular game economy through high-quality crypto-economic modules, helping Web3 game developers and traditional game studios reduce development costs costs and risks., and ultimately create a fully on-chain business simulation game.

6.Monsterra | Financing $2 million | Huobi Ventures and others participated in the investment

On August 12, the GameFi project Monsterra completed a financing of US$2 million. Hashed, Shima Capital, Huobi Ventures, Icetea Labs, Salad Ventures, etc. participated in this round of financing.

Monsterra is a multi-chain game that supports BNB, Avalanche and Terra blockchains. It currently integrates free games and P2E game modes and adopts a dual Token design (including the main Token MSTR and incentive payment Token MAG).

【NFT】

7. Fair.xyz | Financing $4.5 million｜Eden Block led the investment

On August 9, Fair.xyz, an NFT casting platform, completed a financing of US$4.5 million. This round of financing was led by Eden Block, with participation from OpenSea, NFX and First Minute Capital.

Fair.xyz was founded by former Meta and Goldman Sachs engineers Isaac Kamlish, Isaac Bentata Chocron and Nathan Cohen. The platform provides a one-stop NFT issuance solution, which simplifies the process of creators casting NFT, while reducing the possibility of casting Gas fees and transaction failures.

8. Yin Yang Games | Financing $1 million | Gelişim Group leads the investment

On August 10, Yin Yang Games, an Istanbul-based NFT game developer, announced the completion of a $1 million financing led by Gelişim Group.

Founded in January 2021, Yin Yang Games mainly focuses on the development of NFT collections and blockchain services. The company will use this financing to launch the NFT card game Reincarnation.

About Cryptogram Venture (CGV): Cryptogram Venture (CGV) is an encryption industry research and investment institution headquartered in Japan with compliance qualifications. With "research-driven investment" as the business orientation, he has participated in early investments in projects such as FTX, Republic, CasperLabs, AlchemyPay, The Graph, Bitkeep, Pocket, and Powerpool, as well as the yen stable currency JPYW under the supervision of the Japanese government. At the same time, CGV FoF is the LP of Huobi venture, Rocktree capital, Kirin fund and other funds. Currently, CGV has branches in Singapore, Canada and China.