Exchanges are Exploding: Week of October 4th

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The dolla dolla bills keep rollin’ in y’all! Over $1B once again flows into decentralized finance, NFTs, and a variety of other projects in the Blockchain industry. The big haul this week is from NFX which is a venture firm exclusively focused on pre-seed & seed-stage startups. However, the theme this week is exchanges and funds.

Low Tier ($23.80MM)

Kokoa Finance secured $2.3MM, Hashed led the round

Idexo completed successful IDO, collects $3.3MM in token sale

ThorChain-based DEX ThorSwap raised $3.75MM in a private token sale

IOHK partnered with Venture Capital Fund that invested $6MM to support Cardano-based innovations in Africa

Multicoin Capital led $8.5MM investment in interest rate swap exchange Strips Finance for DeFi

Mid Tier ($135.7MM)

Gelato Network raised $11MM in Series A funding led by Dragonfly Capital

Easy Crypto raised $11.7MM, sets record for New Zealand

​​Solana ($SOL) powered DEX ORCA received $18MM capital injection

NonceVC announced $18MM strategic fund to accelerate the growth of Crypto companies

Arca closed $30MM venture fund as it crossed $500 million in AuM

UAE crypto exchange BitOasis raised $30MM to expand in MENA

Point72 Ventures led $35MM raise for Zero Hash

High Tier ($862MM)

Axie Infinity developer Sky Mavis secured $152MM in Series B funding from investors

Indian Crypto exchange CoinSwitch Kuber raised $260MM

Early stage venture capital firm NFX launched $450MM fund to support startups in sectors including Crypto, Fintech and Biotech

Also, valued at $4.3B, NFT platform Sorare to invest in women’s sports, HODL HODL closed Series B funding round,  and NFT marketplace Eternal gets funding from Coinbase & Mark Cuban.

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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