We are experiencing an explosive period of Web3 investment and financing. According to public data, 51% of the investment funds obtained by global blockchain companies in 2022 will come from the United States, 18% from China, 5% from Switzerland, and 4% from the United Kingdom. It is estimated that the blockchain market size will grow from US$7.18 billion to US$67.4 billion by 2026, with a compound annual growth rate of 68.4%. Judging from the statistics of this week (a total of 17 projects), the number of investment and financing in GameFi (6) has begun to rise, web3 infrastructure (6) is still the focus of investment and financing, NFT (4), DeFi (1) projects The number of investment and financing has slowed down. 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 23 to May 29, 2022:

【infrastructure】

1. Afriex｜A round of financing of 10 million US dollars｜Dragonfly Capital led the investment

On May 24, Afriex, an African blockchain fintech company, announced the completion of a US$10 million Series A financing led by Sequoia Capital China and Dragonfly Capital, with participation from Goldentree, Stellar Foundation and Exceptional Capital. Afriex’s valuation in this round of financing reached $60 million.

Afriex, which mainly helps users convert funds into Stablecoins and provides remittance services on the African continent, raised a $1.3 million seed round in May 2021.

2. Common｜Financing of US$20 million｜Polygon and others participated in the investment

On May 24, Common, a DAO management platform, completed a financing of US$20 million, with participation from Spark Capital, Polychain, Jump, Wintermute, and BitDAO. The new funds will be used to promote the further development and decentralization of its community management platform Commonwealth, and launch its own Token CMN. In addition, Common also plans to launch an application store for DAO in the future, so that each community can choose its own functions.

3. MetaEstate｜Strategic round of equity financing｜Matrixport and SevenX Ventures lead the investment

On May 25th, Metaverse service provider MetaEstate recently completed a multi-million dollar strategic round of financing, led by Matrixport and SevenX Ventures, followed by Everest Ventures Group, Y+ Ventures and other institutions, and the last round of investment institutions Japanese fund Cryptogram Venture (CGV) continued Follow up. In addition, several crypto investment institutional partners participated in the investment in their personal capacity.

MetaEstate is a metaverse service provider, aiming to help more users enter the metaverse world with a low threshold, and quickly establish a sense of presence and belonging in the metaverse.

4. StarkWare｜D round of financing 100 million US dollars｜Greenoaks Capital led the investment

On May 25th, Ethereum Layer 2 development company StarkWare announced the completion of a $100 million Series D financing for $8 billion. This round of financing was led by Greenoaks Capital and Coatue, and other existing and new investors including Tiger Global participated. cast. The new funds will be used to advance its product, engineering and business development, grow the ecosystem around StarkEx and StarkNet, and expand its team.

5. ZenLedger｜B round of financing 15 million US dollars｜ParaFi Capital led the investment

On May 25, ZenLedger, a cryptocurrency tax service company, announced the completion of a US$15 million Series B round of financing. This round of financing was led by ParaFi Capital, Bloccelerate VC, King River Capital, G1 Ventures, Main Street Investment, Three Point Capital, Shorooq Partners, VaynerFund, Blizzard Fund and AngelList Quant Fund participated.

ZenLedger helps token holders navigate the ambiguity of crypto taxes by collecting transaction data from wallets, exchanges, and NFTs.

6. Transpose｜Financing of US$3 million｜MaC Venture Capital led the investment

On May 27, blockchain API platform Transpose announced the completion of $3 million in financing. This round of financing was led by MaC Venture Capital, with participation from HOF Capital, Soma Ventures and Pareto Ventures.

Transpose provides all kinds of data required for development, including underlying blockchain data, asset layer data, and account data.

【DeFi】

7. Spritz Finance｜Pre-seed round financing of US$2.5 million｜Ledger Prime participated in the investment

On May 25, Spritz Finance announced the completion of a US$2.5 million pre-seed round of financing. Ledger Prime, OrangeDAO, Shima Ventures, DCG Genesis, Awesome People Ventures, etc. participated in this round of financing. The financing will be used to expand the team and further develop the product.

Spritz Finance has completed encrypted payment integration and supports cross-chain payment, users can complete payment transactions for bills and other services directly through the DeFi protocol without using a bank.

【GameFi】

8. MetaKing Studios｜Seed round financing of US$15 million｜Bitkraft Ventures led the investment

On May 25, game company MetaKing Studios completed a $15 million seed round of financing led by Makers Fund and Bitkraft Ventures, with participation from Delphi Digital, Animoca Brands, Shima Capital, WW Ventures, Spartan Group, and Huobi Ventures. MetaKing Studios will use the financing to accelerate development of the medieval strategy MMO "Blocklords," which is expected to launch in early stages this year.

9. Cinder Studios｜Animoca Brands led the round

On May 25th, the game development company Cinder Studios announced the completion of the A round of financing. This round of financing was led by Animoca Brands. The specific financing amount has not been disclosed yet. This round of financing will be used to accelerate product development, including developing P2E games, casting Create a new avatar and launch your own exclusive Token.

10. Joyride｜KuCoin Ventures participated in the investment

On May 25th, Web3 game development platform Joyride completed a new round of financing. KuCoin Ventures participated in the investment. The specific amount was not disclosed. The funds raised will be used to develop the Joyride team, further develop the platform, and launch the first game.

11. Machinations.io｜A round of financing of US$3.3 million｜Hiro Capital led the investment

On May 25, Machinations.io, a Web3 game development platform, announced the completion of a US$3.3 million Series A financing led by Hiro Capital.

Machinations.io is dedicated to solving the difficulties of designing game economic systems. This round of financing will be used for staff recruitment and feature development.

12. Cantina Royale｜Financing of $4.5 million｜Elrond leads the round

On May 27, Cantina Royale, a P2E shooting game, announced the completion of US$4.5 million in financing. This round of financing was led by Elrond and Mechanism Capital, with Crypto.com, Morningstar Ventures, Animoca Brands, Skynet EGLD Capital, GBV Capital, Good Games Guild, Chingari Wait to vote.

13. Monoverse｜Financing of US$3.1 million｜KOREIT participated in the investment

On May 28, P2E game development company Monoverse announced the completion of a $ 3.1 million financing, South Korea real estate fund Korea Real Estate Investment and Trust (KOREIT) participated in the investment.

【NFT】

14. HALO｜Kucoin Labs led the investment

On May 25, HALO, a 3D virtual image NFT project, announced the completion of a multi-million dollar seed round of financing, led by Kucoin Labs and participated by GeekCartel and others. The specific financing information was not disclosed.

15. ArtistFirst｜Seed round financing of US$5.5 million｜Multicoin Capital led the investment

On May 25, music NFT startup ArtistFirst announced the completion of a $5.5 million seed round led by Multicoin Capital, with Krafton, Pravega Ventures, GAMA, Woodstock Fund, IOSG Ventures, Polygon Studios, Gokul Rajaram, Prashant Malik and Miten Sampat et al. participated in the vote. This round of financing will be used to expand its technical team and industry partnerships, and recruit artists.

ArtistFirst is the operator and developer of FanTiger, an NFT music platform that helps artists create and sell music NFTs.

16. Primitives｜Seed round financing of 4 million US dollars｜Redpoint led the investment

On May 25, Primitives, an NFT application on the Solana chain, announced the completion of a $4 million seed round of financing. This round of financing was led by Redpoint, with participation from Union Square Ventures, Harlem Capital, and Stellation Capital. Primitives is an app that helps users create and share NFTs for free.

17. Jupiter Exchange｜Seed round financing of US$5 million｜White Hilt Capital led the investment

On May 27, Jupiter Exchange, an asset trading platform, announced the completion of a $5 million seed round of financing led by White Hilt Capital. Jupiter Exchange has established a simple transaction process that can help alternative assets such as artwork, cars, sneakers, and other pop culture memorabilia mint "ownership" NFTs. These NFTs can be subdivided into individual ownership Tokens, and once sold on Jupiter Marketplace If it is sold out, it can be listed on Jupiter Exchange for secondary trading.

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.