Blowout Billions

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I’ve never seen a week like this since I’ve been curating the weekly update. But it’s abundantly apparent that there are quite a few folks excited about crypto. Now, this is a bit overblown by the $4.5B in allocations from Hedera. However, when taking that completely out of the equation, this week blows out all others with $2.5B in funds moving toward Digital Asset and Blockchain Technology projects. Gaming took the lion’s share this week. 

Low Tier ($17.4MM)

Fortune launches philanthropic fund for journalism on Ethereum that have raised 214.55 ETH worth $660K; when published

eToro committed $1M to GoodDollar universal basic income project

Amasa raised $1.5MM in Funding, Animoca Brands led the round

Waggle Network successfully raised a $3MM seed round to build a multi-chain marketplace for strategic token sales

Blockchain-based music platform Audius raised $5MM from music industry giants

LayerZero adds $6.3MM in Series A funding led by Binance Labs and Multicoin Capital

Mid Tier ($170MM)

Coinbase Ventures, Samsung NEXT backed Metrika’s $14MM Series A

Bitcoin fund launched by NYDIG has raised nearly $17MM to date

Solana-based DEX Orca closed $18MM Series A to build AMM

Delta Blockchain Fund (Former ConsenSys Ventures managing partner) launched Blockchain Fund that has raised $30MM so far

One River Digital raised $41M from Goldman Sachs and Coinbase

Crypto services startup Ripio raised $50MM in Series B funding round

High Tier ($6.7B)

Tiger Global led $130MM raise for open banking startup TrueLayer

Blockchain startup Blockdaemon raised $155MM in Series B funding

Talen Energy scored $175MM for data & Crypto mining operations

Kava DeFi platform launched $185MM ecosystem fund

BitClout creator launched ‘Decentralized Social’ blockchain with $200MM in funding from a16z and others

NFT startup Dapper Labs raised $250MM in new funding

Bitcoin mining firm Genesis Digital Assets raised $431MM led by Paradigm

Fantasy soccer NFT platform Sorare scored $680MM raise led by SoftBank

$4.5 Billion allocated to expand the Hedera Hashgraph ecosystem

In addition, Crypto asset manager Osprey Funds launched the Polygon trust product, Decentral Games developer received funding from Binance, and Charles Hoskinson donated $20MM to get the language of math rewritten.

Paul McNeal
Paul McNeal

Paul McNeal aka “The Crypto Curator” is a Speaker, Brand Evangelist, and Technologist. He spent the earlier part of his career serving in the United States Navy Submarine Force working in communications. He co-founded a content curation startup that grew rapidly and was recently acquired. He was an early adopter of Bitcoin, becoming aware of it in 2011, and has since continued to monitor the developments of Blockchain Technology daily. Paul’s curation is hand-selected daily, and is featured in our newsletter and website every Friday!

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Bitcoin (BTC) 61,004.00 0.22%
Ethereum (ETH) 4,051.12 0.86%
Binance Coin (BNB) 475.28 1.41%
Tether (USDT) 1.00 0.00%
Cardano (ADA) 2.12 1.28%
Solana (SOL) 192.01 1.41%
XRP (XRP) 1.07 1.42%
Polkadot (DOT) 42.31 2.36%
Dogecoin (DOGE) 0.261425 5.39%
USD Coin (USDC) 1.00 0.06%
Shiba Inu (SHIB) 0.000038 12.91%
Terra (LUNA) 40.74 4.49%
Avalanche (AVAX) 63.67 2.50%
Chainlink (LINK) 29.37 4.48%
Wrapped Bitcoin (WBTC) 60,929.00 0.21%
Uniswap (UNI) 25.75 3.34%
Litecoin (LTC) 188.97 3.18%
Binance USD (BUSD) 1.00 0.11%
Bitcoin Cash (BCH) 614.34 1.44%
Algorand (ALGO) 1.81 4.26%
Polygon (MATIC) 1.56 4.14%
Cosmos (ATOM) 34.29 4.14%
Stellar (XLM) 0.370934 0.51%
VeChain (VET) 0.132345 2.02%
Axie Infinity (AXS) 123.00 1.10%
Internet Computer (ICP) 43.28 4.11%
FTX Token (FTT) 61.29 2.22%
Dai (DAI) 1.00 0.06%
Filecoin (FIL) 62.18 3.38%
Ethereum Classic (ETC) 54.39 1.80%
TRON (TRX) 0.098582 1.32%
Fantom (FTM) 2.72 6.96%
OKB (OKB) 25.50 4.85%
Theta Network (THETA) 6.42 0.76%
cETH (CETH) 81.25 0.62%
Elrond (EGLD) 292.77 8.58%
Lido Staked Ether (STETH) 4,018.90 1.22%
Tezos (XTZ) 6.42 3.94%
Hedera (HBAR) 0.368498 1.41%
Monero (XMR) 284.21 7.24%
Near (NEAR) 9.31 0.78%
Crypto.com Coin (CRO) 0.191887 0.84%
EOS (EOS) 4.73 0.47%
PancakeSwap (CAKE) 19.54 1.31%
The Graph (GRT) 0.924442 5.33%
Aave (AAVE) 305.90 3.75%
Flow (FLOW) 13.02 1.53%
cDAI (CDAI) 0.0217 0.09%
Quant (QNT) 294.04 0.26%
Klaytn (KLAY) 1.55 3.43%
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