The emergence of Moonbirds has brought new blood to the NFT market that lacks recent hotspots, and Pass+PFP projects are becoming a new trend in the development of NFT. Judging from the statistics of this week (17 projects in total), the number and amount of financing of NFT projects (6) began to rise, continuing to lead the investment and financing market, and the financing heat of GameFi projects (3) and DeFi projects (2) began weakened, web3 infrastructure (6) is still the investment focus of investment institutions. 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 April 18 to April 24, 2022:

【infrastructure】

1.Spruce | A round of financing 34 million US dollars | a16z led the investment

On April 20, the digital identity authentication company Spruce announced the completion of a $34 million Series A round of financing led by Andreessen Horowitz (a16z), Ethereal Ventures, Electric Capital, Y Combinator, Okta Ventures, SCB 10X, Robot Ventures, OrangeDAO Wait to vote.

2. Crusoe Energy | $350 million in Series C financing｜G2 Venture Partners led the investment

On April 21, Crusoe Energy, a North American mining company, recently announced the completion of a US$350 million Series C financing at a valuation of US$1.75 billion. This round of financing was led by G2 Venture Partners, with Bain Capital Ventures, Polychain Capital and Winklevoss Capital participating.

It is reported that Crusoe uses energy in the form of natural gas to power Bitcoin mining. It operates 86 natural gas data centers in oil-rich North Dakota, Montana, Wyoming and Colorado, and plans to operate by the end of this year. More than 180. In addition, the company is also expanding its business into cloud computing, which is less cyclical.

3.Vendible | $1.78 million in seed round financing｜NGC Ventures and others participated in the investment

On April 21, Vendible, an Algorand-based digital asset gateway, announced the completion of a US$1.78 million seed round of financing. Borderless Capital, Woodstock Fund, Bixin Ventures, NGC Ventures, and Big Brain Holdings participated in this round of financing. Funding from this round will be used to optimize its infrastructure.

4.Scroll | A round of financing of 30 million US dollars｜Polychain Capital led the investment

On April 21, the Ethereum expansion network Scroll completed a $30 million Series A round of financing led by Polychain Capital, with participation from Bain Capital Crypto, Robot Ventures, and Geometry DAO. Additionally, Ying Tong and Carlos Aria from the Ethereum Foundation, as well as Ethereum community members Anthony Sassal, Ryan Adams, and Santiago Santos, also joined the round.

Scroll is an Ethereum expansion network using zk-rollup technology. It plans to launch a test network in the second half of this year. This round of financing will be used to expand engineering and operation team members.

5. LiquiFi | $5 million in seed round financing｜Dragonfly Capital Partners led the investment

On April 22, LiquiFi, a Web3 private equity platform, announced the completion of a US$5 million seed round of financing, led by Dragonfly Capital Partners, Nascent, Alliance DAO, 6th Man Ventures, Robot Ventures, Y Combinator and Orange DAO, as well as Balaji Srinivasan, Katie Angel investors including Haun, Packy McCormick, Anthony "Pomp" Pompliano and Anthony Sassano participated in the round. LiquiFi plans to use this round of financing for product development, design, marketing and sales. In terms of increasing compatibility with other blockchains, the company plans to start with EVM-compatible blockchains in the short term and eventually expand to other blockchains such as Solana and Terra.

6. CertiK | Financing 60 million US dollars｜SoftBank Vision Fund II and others participated in the investment

On April 22, Web3 and blockchain security company CertiK announced the completion of US$60 million in financing. SoftBank Vision Fund II and Tiger Global participated in the investment, marking SoftBank's first foray into the Web3 security field. "As Web3 development gains momentum, so do the accompanying hacking incidents, and this massive impact is driving the need for Web3 security," said Monier Jalal, CertiK's VP of Marketing.

【DeFi】

7. Hedge | $3.7 million in seed round financing｜Race Capital led the investment

On April 19, Hedge, a Solana-based DeFi protocol, announced the completion of a $3.7 million seed round of financing. This round of financing was led by Race Capital, with participation from DCM, Solana Ventures, and Shima Capital. The funding round will help Hedge expand its team.

Hedge is a Solana-based DeFi lending agreement, which aims to simplify the way for users to obtain liquidity and lower the threshold for using DeFi. It is planned to be released publicly in the second quarter of this year.

8.Bastion | A round of financing of 9 million US dollars｜Three Arrows Capital led the investment

On April 21, Bastion, an Aurora-based DeFi protocol, announced the completion of a $9 million Series A round of financing led by Three Arrows Capital, with participation from FTX Ventures, Jump Crypto, Jane Street, CMS Holdings, and Crypto.com Capital. Funds from this round of financing will be used to further expand the ecosystem of the protocol.

【GameFi】

9. ZeroDrop | $1.27 million in seed round financing ｜Nansen led the investment

On April 21, Nansen led a $1.27 million seed round for Web3 game analytics company ZeroDrop, marking Nansen's first investment in an outside company. In addition, Mechanism Capital, MixMob and some angel investors also participated in this round of financing for ZeroDrop.

Winston Ng, CEO of ZeroDrop, formerly of Electronic Arts (EA) and Epic Games, aims to provide analytical tools for emerging GameFi and NFT projects.

10. Goons of Balatroon | $2.46 million in seed round financing ｜Merit Circle and others participated in the investment

On April 23, according to Cointelegraph, the blockchain game development company Goons of Balatroon announced the completion of a $2.46 million seed round of financing. This round of financing was participated by Merit Circle, Jun Capital, Vulcan Forged, Faculty Group, Maven Capital and Bullperks. cast.

Goons of Balatroon mainly develops 2D/3D hybrid metaverse blockchain games. Its flagship product is a P2E trading card game (TCG), and they are also developing a land combat game.

11.BirdWorld | Strategic financing of US$2.6 million｜Digital Singapore Foundation and others participated in the investment

On April 24, BirdWorld, an adventure GameFi app, recently announced the completion of a US$2.6 million strategic round of financing. SoftBank Capital Group of the United States, Digital Singapore Foundation, Singapore WeiMi Foundation, and LAToken participated in this round of financing. Additionally, BirdWorld announced a partnership with BitKeep Wallet.

【NFT】

12. Aura Network | $2.5 million in seed round financing ｜Coin98 Ventures and others participated in the investment

On April 18, Aura Network, a Layer 1 blockchain dedicated to NFT based on the Cosmos ecosystem, announced the completion of a $2.5 million seed round of financing, with participation from Coin98 Ventures, GBV Capital, Impossible Finance, Kyber Ventures, GUILDFI, and Avatar by Avalanche.

Aura Network will use the new funds to create a common framework for NFT and maximize the development of interoperability. It is reported that the project will release the test network at the end of the second quarter of this year, and then launch the main network in the third quarter.

13.Mintbase | Financing $12.5 million ｜Woodstock Fund led the investment

On April 19, Mintbase, NEAR's ecological NFT infrastructure, announced the completion of a $7.5 million Series A round of financing, and at the same time received a $5 million Mintbase Grant from the NEAR Foundation. This round of financing was led by Woodstock Fund, with participation from Coinbase Ventures, Libertus Capital, Sino Global Capital, Animoca Brands, Fundamental Labs, Figment, and TRGC.

14.SoundMint | $1.7 million in seed round financing ｜Animoca Brands leads the investment

On April 21, SoundMint, a music NFT platform, announced the completion of a US$1.7 million seed round of financing, led by Animoca Brands, with participation from Castle Island Ventures, Focus Labs, Sfermion, Sky Vision, Tess Capital, Goodwater Capital, etc., with a post-money valuation of 3,000 Ten thousand U.S. dollars. It is understood that this round of funds will be used to expand SoundMint's team, accelerate product development, expand utility and brand awareness, and further build SoundMint into a leading audio-visual music NFT platform.

15.Rario | Financing $120 million ｜Dream Capital led the investment

On April 21, the cricket NFT platform Rario completed a financing of US$120 million, led by Dream Capital, the corporate venture capital arm of Dream Sports, with participation from Alpha Wave Global, Animoca Brands, Presight Capital and Kingsway Capital.

The round will give Rario access to Dream Sports' 140 million user base. It also marks Dream Capital's first investment in the Web3 space and the largest investment in a startup to date.

16.Boss Beauties | $4.4 million in seed round financing ｜Offline Ventures led the investment

On April 21, Boss Beauties, an NFT project focused on women's empowerment, completed a $4.4 million seed round of financing at a valuation of $30 million. This round of financing was led by Offline Ventures, with participation from Serena Ventures and Female Founders Fund. This round of funds will be used to convert its NFT into media IP to further cooperate with brands.

Boss Beauties released an NFT collection of 10,000 digital portraits of women last year, which was displayed on the New York Stock Exchange.

17. MetaLend | Financing $50 million ｜ Pantera Capital led the investment

On April 21, MetaLend, an NFT lending agreement, announced the completion of US$5 million in financing. This round of financing was led by Pantera Capital, with Collab+Currency, Ancient8 and others participating. Funds from this round of financing will be used for product development, team expansion and marketing activities.

MetaLend is an NFT lending agreement, which is currently in the testing stage and is planned to be officially launched in the second quarter. The early stage of the agreement mainly focuses on lending NFT assets related to Axie Infinity, and plans to integrate with the second Polygon-based game in the next two to three months .

About CGV FOF: CGV FOF is a fund of funds from Asia, focusing on investing in Crypto Fund and Crypto Studio. CGV FOF is composed of family funds from Japan, South Korea, mainland China and Taiwan, headquartered in Japan, and also has branches in Singapore and Canada. CGV FOF includes MetaEstate, EstateTrader, Everland and other brands and companies.