The de-anchoring incident of Luna and UST not only put the Terra ecology in crisis, but also had a very negative impact on the entire encryption world. Judging from the statistics of this week (a total of 19 projects), the number of investment and financing of web3 infrastructure (12) has begun to increase, and the investment and financing of NFT (3), GameFi (2), and DeFi (2) projects have begun to heat up weakened. 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 May 9th to May 15th, 2022:

【infrastructure】

1. KuCoin | Financing $150 million｜Jump Crypto led the investment

On May 10, the encryption trading platform KuCoin completed a financing of US$150 million at a valuation of US$10 billion. This round of financing was led by Jump Crypto, with participation from Circle Ventures, IDG Capital and Matrix Partners. The financing will be used to expand its product lines, such as crypto wallets, DeFi and NFT platforms.

2.Casa | Financing $21 million｜Acrew Capital led the investment

On May 10, the encrypted wallet service provider Casa announced the completion of financing of US$21 million. Acrew Capital led the investment, and Positive Sum Ventures, Naval Ravikant and others participated in the investment. The Casa team will use the funds to add financial identity functionality to the signature wallet product.

3. Jambo | A round of financing of 30 million US dollars｜Paradigm lead investment

On May 10, Jambo, an African Web 3 super application company, completed a US$30 million Series A financing led by Paradigm and participated by Pantera Capital, Delphi Ventures, Kingsway Capital and Gemini Frontier Fund.

Funds raised in this round will be used to develop products and expand the team. Jambo aims to bring Web3 to Africa and create a digital economy hub in Africa.

4.Paper | Financing $7.3 million｜Electric Capital and others lead the investment

On May 11, the encrypted payment processing company Paper announced the completion of $7.3 million in financing, co-led by Electric Capital and Initialized Capital, Polygon, FalconX, Long Journey Ventures, ThirdWeb, Night Capital and other institutions, as well as Plaid, Twitch, Fractal, MagicEden, Eventbrite Project founders such as , Tagomi and Bison Trails participated in the investment.

Paper allows users to create wallets with their email addresses and use credit cards (or encrypted wallets) to purchase NFTs on the Polygon, Ethereum, Solana, and Avalanche blockchains, providing non-encrypted consumers with a "barrier-free" bridge to the market.

5. Chainalysis | F round of financing 170 million US dollars | GIC and other leading investors

On May 11, Chainalysis, a blockchain analysis company, announced the completion of a US$170 million F round of financing at a valuation of US$8.6 billion. This round of financing was led by GIC and Singapore's sovereign wealth fund, Dragoneer, Durable Capital Partners, 9Yards Capital, Altimeter Capital Management, Blackstone, Sequoia Heritage and SVB Capital also participated.

6. Moralis | A round of financing of 40 million US dollars｜Coinbase Ventures and others participated in the investment

On May 11, Moralis, a Web3 development platform, completed a $40 million Series A financing, with participation from EQT Ventures, Fabric Ventures, Coinbase Ventures, and Dispersion Capital.

Moralis provides developers with the infrastructure to build and publish cross-chain applications, games and NFTs. This round of financing will be used for product development, improving user experience and scaling to increase its customer capacity and support larger customers.

7. MARA | Financing $23 million｜Coinbase Ventures and other leading investors

On May 11, the African encryption trading platform MARA completed a financing of US$23 million. This round of financing was led by Coinbase Ventures, Alameda Research, Distributed Global, Day One Ventures, and TQ Ventures. MARA also announced that it will launch a Layer 1 public chain driven by its native MARA Token, and will launch its testnet in the fourth quarter.

8. BVNK | A round of financing of 40 million US dollars｜Tiger Global led the investment

On May 12, the encryption startup BVNK announced that it completed a US$40 million Series A financing at a post-investment valuation of US$340 million. Tiger Global led the round, and investors such as The Raba Partnership, Avenir, Kingsway Capital, Nordstar, Concentric and Base Capital participated. cast.

BVNK provides banking and payment services to crypto-native businesses. BVNK's clients can accept payments in both regular and cryptocurrencies, and the service now supports hundreds of different currencies and crypto assets.

9.Token.io | Financing $40 million｜Cota Capital led the investment

On May 12, British start-up Token.io completed a $40 million financing, led by Cota Capital and TempoCap, with participation from Element Ventures, MissionOG, PostFinance, Octopus Ventures, Opera Tech Ventures, and SBI Investments.

Token.io is dedicated to building alternative payment technologies to improve the way cross-border payments are made, including the use of cryptocurrencies. Token.io spun off an encryption business called M10 in 2019, and today focuses on helping banks (state-owned banks, commercial banks) build and run Tokens for creating their own digital currencies and for other purposes.

10.Oasis Pro | A round of financing of 27 million US dollars｜Gate Ventures and others participated in the investment

On May 12, financial technology and blockchain company Oasis Pro Inc. completed over US$27 million in Series A financing, UDHC, Blizzard the Avalanche Fund, Inveniam, Redwood Trust (NYSE: RWT), TrustLabs, Mirae Asset Venture Investment, Gate Ventures, LedgerPrime, StableNode, etc. participated in the investment.

This round of financing will be used to drive continued growth by establishing a senior management team, expanding global business development, developing new revenue streams, expanding technology platforms globally, and adding complementary blockchain technologies.

11. Solidus Labs | $45 million in Series B financing｜Liberty City Ventures led the investment

On May 12, Solidus Labs, an encryption market monitoring company, completed a $45 million Series B financing, led by Liberty City Ventures, with participation from Evolution Equity Partners, Declaration Partners, former U.S. Office of the Comptroller of the Currency Brian Brooks, and former CFTC Chairman Christopher Giancarlo.

Solidus Labs offers a suite of tools to parse blockchain data for more than 50 different types of security threats, such as wash transactions, spoofed transactions, and pump and dump schemes.

12.Belo | $3 million in seed round financing｜CRV and others participated in the investment

On May 12, Belo, an Argentinian cryptocurrency startup, completed a $3 million seed round of financing, with participation from CRV, The Venture city, Newtopia, and Latitude.

Belo began to provide digital wallet services in Argentina in September 2021. Users can use Argentine pesos to buy and sell Bitcoin, Ethereum, DAI and USDT through the Belo wallet.

【DeFi】

13.Chainflip Labs | Financing $10 million | Pantera Capital and others participated in the investment

On May 11, the cross-chain trading platform Chainflip Labs announced the completion of a $10 million financing, with Framework Ventures, Blockchain Capital and Pantera Capital participating. The funds raised will be used to build a cross-chain DEX. The team plans to launch the first version of DEX later this year product.

14.Satori | Financing $10 million｜Polychain led the investment

On May 13, Polkadot’s ecological derivatives platform Satori completed $10 million in financing. This round of financing was led by Polychain and Blockchain, Jump Crypto, Coinbase Ventures, Portal, Acala, Astar, Parallel, Clover and Polkadot founder Gavin Wood Wait to vote.

Satori is a derivatives market that combines AMM and order book models. Institutional users can use Satori's ready-to-use API to quickly execute transactions to deal with extreme market events. The project will be launched in the next few weeks, bringing decentralization to Polkadot Derivatives.

【GameFi】

15. Nyan Heroes | Financing $7.5 million｜Kosmos Ventures and others led the investment

On May 10, Nyan Heroes, a P2E game based on Solana, completed a strategic financing of US$7.5 million at a valuation of US$100 million, led by Kosmos Ventures, Sino Global Capital, Shima Capital and Petrock Capital, Morningstar Ventures, 32-bit Ventures, Crypto.com, Tess Ventures, Master Ventures, Wave7, Ancient8, Drops Ventures, PANONY, Andromeda Capital, Salad Ventures, Moonchain Capital, and Snackclub participated in the round.

Nyan Heroes is a third-person shooter game similar to Fortnite, which is expected to launch an Alpha version by the end of 2022.

16.Branch | Financing 12.5 million US dollars｜Three Arrows Capital and others participated in the investment

On May 11, the game startup Branch completed a $12.5 million seed round of financing. Mechanism Play, TCG Crypto, Dragonfly Capital, Polychain, Coinbase Ventures, and Three Arrows Capital participated in this round of financing. Angel investors include the CEO of Polygon Studios Officer Ryan Wyatt et al.

【NFT】

17. Freeverse | Financing $10.5 million｜Earlybird Venture Capital and others participated in the investment

On May 10, NFT infrastructure company Freeverse announced the completion of $10.5 million in financing. This round of financing was participated by Earlybird Venture Capital, Target Global, Adara Ventures, 4Founders Capital, and OneFootball. Angel investors included football star Mario Götze, CEO of Travelperk Avi Meir, CEO of OneFootball, Lucas von Cranach, CEO of OneFootball, and Maex Ament, co-founder of Taulia and Centrifuge. This round of funds will be used for marketing, as well as product and core technology development.

18.Co:Create | $25 million in seed round financing｜a16z led the investment

On May 10, NFT infrastructure startup Co:Create announced the completion of a $25 million seed round of financing, led by a16z, Autograph, Not Boring Capital, Amy Wu from FTX Ventures, VaynerFund, and NFT fragmentation platform Fractional.art and NFT work Office RTFKT team and others participated in the investment.

The Co:Create protocol will provide a smart contract platform that projects can use to mint NFTs and control the royalties paid by their native Token.

19.SOLARR | $2 million in seed round financing | MD2 Digital and others participated in the investment

On May 13, NFT liquidity platform SOLARR announced the completion of a US$2 million seed round of financing. This round of financing was participated by All In Ventures Fund, JY Cap, and MD2 Digital.

SOLARR tries to solve the problems of poor liquidity, high volatility and low capital efficiency in the current NFT market. By establishing a secure, multi-functional and multi-chain one-stop platform, it injects practicality into NFT and releases its liquidity, thereby realizing the mutual benefits in the encryption field. widely used outside.

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.