With the sharp decline in the Crypto market, investors' interest in NFT has also declined significantly. Judging from the statistics of this week (a total of 19 projects), the number of investment and financing of NFT (2) and DeFi (2) projects has declined sharply. Web3 infrastructure (8) is still the focus of investment and financing, the number of investment and financing of GameFi (4) has begun to increase, and the number of investment and financing of DAO (1) projects has also begun to increase. 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 30 to June 5, 2022:
【infrastructure】
1. On June 1, Cloudwall Capital, a digital asset risk management platform, announced the completion of a US$6.3 million seed round of financing. This round of financing was led by LocalGlobe and Illuminate Financial, IA Capital Partners, Eberg Capital and Nemo Ventures, as well as a group of DeFi and traditional financial investors. Angel investors in the field participated in the investment.
2. On June 1, FinTron, an encrypted investment and wealth management application, announced the completion of a US$6.5 million Series A round of financing. This round of financing was participated by AUA Capital Management, Connecticut Innovations, Sage Venture Partners, and Webster Bank. FinTron provides personal financial services primarily to Gen Z and millennial audiences.
3. On June 1, Dework, a collaborative office tool, completed a $5 million seed round of financing led by Paradigm and Pace Capital, with participation from former Coinbase CTO Balaji Srinivasan and Polygon founder Sandeep Nailwal.
Dework is a Web3-native collaboration tool that organizes internal and external teams, manages tasks and bonuses in a transparent manner, and helps new members get started.
4. On June 1, Big Whale Labs, a privacy protocol development company, announced the completion of a $3.8 million seed round of financing led by M13 and Road. Roman, the founder of Tornado Cash, and others participated in the investment.
Big Whale Labs' project SealCred is a privacy-focused open-source protocol that allows users to create verified anonymous wallets.
5. On June 1, the on-chain OTC platform SIZE completed a $6 million seed round of financing, led by Three Arrows Capital, Wintermute and Mgnr, with participation from Alameda Research, D1 Ventures and Genblock Capital.
SIZE allows users to easily participate in sealed bid auctions of vested or unvested Tokens, and is currently developing the MVB version of the product.
6. GoSats｜Pre-A round financing of 4 million US dollars｜Y Combinator and others participated in the investment
On June 1, the Bitcoin reward platform GoSats completed a $4 million Pre-A round of financing. This round of financing was participated by Y Combinator, Accel, and Gossamer Capital.
GoSats allows customers to earn Bitcoin as cashback from transactions through its platform.
7. Laevitas｜Seed round financing of US$2.5 million｜Three Arrows Capital led the investment
On June 2, Laevitas, an encrypted derivatives data analysis platform, announced the completion of a US$2.5 million seed round of financing. This round of financing was led by Three Arrows Capital and DeFiance Capital, with participation from CMS and Astronaut Capital.
Launched in early 2021, Laevitas currently provides data analysis of the crypto futures and options markets to users as well as several hedge funds, market makers and trading firms.
8. Anmol Network｜Seed round financing of US$1 million｜AU21 Capital led the investment
On June 3, Anmol Network, a Web3 infrastructure startup, announced the completion of a $1 million seed round of financing led by AU21 Capital, with participation from MEXC Global Exchange, YBB Foundation, Lotus Capital, Danish Chaudhry, HG Ventures and Rob Hanneman .
【DeFi】
9. Smart Chain DeFi｜A pre-round financing of US$16 million｜Binance Labs led the investment
On May 31, the DeFi protocol Smart Chain DeFi announced the completion of a US$16 million Series A financing. This round of financing was led by Binance Labs, and Adrian Kolody, founder of non-custodial DEX Domination Finance, participated in the investment.
Smart Chain DeFi is a one-stop liquidity-as-a-service (LaaS) DeFi protocol based on BNB Chain. It has received Binance's 1 billion growth fund investment in the angel round.
10. Alloy｜$3 million in pre-seed round financing｜Headline Ventures led the investment
On May 31, the DeFi platform Alloy announced the completion of a US$3 million pre-seed round of financing. This round of financing was led by Headline Ventures, with participation from Checkout.com founder Guillaume Pousaz, Sorare founder Nicolas Julia, and Seedcamp. Alloy aims to build a DeFi platform targeting institutional investors, which will be launched in the second half of 2022.
【GameFi】
11. Village Studio｜2.1 million euros in pre-seed financing｜Animoca Brands led the investment
On May 30, the game platform Village Studio announced the completion of pre-seed financing of 2.1 million euros, led by Animoca Brands, and participated by Venrex, AngelHub, K3, and WinZO.
Village Studio hopes to help Web3 games improve interoperability and provide value to players and developers, and with the support of this round of financing, it will expand the team and develop game platforms.
12. Chibi Clash｜Private financing round of US$3 million｜Jump Capital and others participated in the investment
On May 31, Web3 game Chibi Clash announced the completion of a $3 million private placement round of financing led by Alliance, Genblock Capital, Jump Capital, C² Ventures, Kyros Ventures, NGC Fund, PetRock Capital, Polygon Ventures, Shima Capital, Avocado DAO , Rainmaker Games and others participated in the vote.
Chibi Clash is building a Web3 game world centered around the flagship car fighting game, where players can use NFTs to unlock weapon upgrades.
13. Walken｜Financing of US$4.7 million｜Infinity Ventures Crypto and others led the investment
On June 2, Walken, a Solana-based Move to Earn chain game, announced the completion of US$4.7 million in financing. This round of financing was led by Infinity Ventures Crypto and Shima Capital, with participation from Morningstar Ventures, Ghaf Capital Partners, Huobi Ventures, and Dex Ventures. The financing will be used to rapidly scale up game development and further refine the product on a sustainable economic basis.
14. Red Village | $6.5 million in seed round financing | Animoca Brands leads the round
On June 3, the P2E game Red Village announced the completion of a $6.5 million seed round of financing, led by Animoca Brands and GameFi Ventures Fund, with participation from Kucoin Ventures and JellyC. Red Village is the first blockchain dark fantasy game platform. There are two game modes for players to choose to participate in. They are the test mode and the tournament mode. Through the fascinating game storyline and vibrant community, traditional gamers and virtual The worlds come together.
【NFT】
15. Ayoken｜Pre-seed round of financing 1.4 million US dollars｜Kon Ventures and others participated in the investment
On May 30, the NFT market Ayoken completed a pre-seed round of financing of US$1.4 million. This round of financing was participated by Founders Factory Africa, Kon Ventures, Crypto League, R9C Ventures and Maximus Ventures. The financing will be used to purchase exclusive copyrights and build a technical team.
16. Playdex｜Seed round financing of 2 million US dollars｜OrangeDAO and other leading investors
On June 2, Playdex, an NFT rental market, received $2 million in seed round financing. This round of financing was led by PDAX, Orange DAO and BukoVentures. Tinder co-founder Justin Mateen, Magic co-founder Aaron Kemmer, CSVE Ventures managing partner NinaTeng, YawYeo from XA Network, Ray Alimurung and Wing Vasiksiri, chairman of Lazada PH, participated in the vote.
Playdex is an online marketplace that allows gamers and guilds to rent game assets from NFT holders.
【DAO】
17. Utopia｜A round of financing of 23 million US dollars｜Paradigm led the investment
On June 1, Utopia, a DAO salary payment system, announced the completion of a US$23 million Series A financing, led by Paradigm, with participation from Kindred Ventures, Circle Ventures, Gusto, Coinbase Ventures, Infinity Ventures Crypto, Distributed Global, and Fourth Revolution Capital. The new funds will be used to develop and expand the team, and further improve the functions of DAO, including Token ownership, ledger design and personnel management.
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.
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