Shy of the normal trend, only $245MM flowed into digital asset projects. That said, it seems that $6MM was the magic number since 3 different projects received that level of funding. These monies will be directed toward NFTs, taxes, and a platform to help investment advisors who are the gatekeepers to trillions in capital.
Low Tier ($31.5MM)
Russia grants $200K to build tool for tracing crypto transactions
Cardano decentralized exchange Cardax raised $1.5MM; to launch in Q3 2021
Leading on-chain analytics vendor CryptoQuant raised $3MM, Hashed led round
AlchemyNFT raised $6MM in funding to expand platform & team
Crypto tax firm Zenledger raised $6MM amid Senate infrastructure bill battle
Onramp Invest raised $6MM in funding led by Coinbase Ventures
Rothschild’s Trust invests $8.8MM in Aspen Digital Crypto platform for wealthy customers
Mid Tier ($113.5MM)
DeFi platform TrustToken raised $12.5MM in VC token sale
Crypto analytics firm Messari concludes $21MM Series A led by Point72 Ventures
Pantera, Coinbase Ventures and Sony back NFT-focused MakersPlace in $30MM Series A
Copper.co raised $50MM to expand in the US market following Alan Howard investment
High Tier ($100MM)
Former Bitmain CEO Jihan Wu raises $100MM in fresh capital for new crypto unicorn Matrixport
However, the project that raised the most was Jihan Wu’s Maxtrixport, a platform that allows you to get more from your Crypto by helping you to buy, invest, trade, earn, and loan assets. It’s an all-in-one financial solution for all levels of expertise.
Never count Jihan out.