Thanks once again for visiting the Crypto Curator Block Party. For the first time in months, funding for the blockchain and crypto project space failed to hit the half-billion-dollar mark. But the good news is that the funds haven’t stopped flowing.
The top project to get funded this week was Animoca Brands, the global leader in branded Blockchain gaming, raising $139MM to finance new products, investments/acquisitions, and intellectual property licenses. At the same time, news of UFC pulling in $175MM from Crypto.com isn’t a shabby deal for them. This will help to bring more awareness of digital assets to the common person.
So dig in!
Low Tier ($22.6MM)
Fine wine Blockchain platform WiV Technology raised $1.5MM, a funding initiative that was led by RedCave Ventures and Daniel Maegaard.
CoinFund led a $2.3MM round for Esports startup Community Gaming.
Solrise raised $3.4MM for non-custodial asset management; built on the Solana Blockchain.
Mid Tier ($16MM)
Crypto lender Nexo participated in a $16MM round for Digital Asset Custodian Qredo.
High Tier ($314MM)
NFT digital property company Animoca Brands raised a total of $139MM in a recent funding round.
Ultimate Fighting Championship (UFC) inks $175MM sponsorship deal with Crypto.com.
In addition, Cardano’s project Catalyst closed its Fund4 with 56 proposals funded. Also, Cardano-powered IDO Launchpad secured funding from VC firm Vendetta Capital.
All in all, big picture NFTs and DeFi continue to pull most of the funding.
See you next week around the block