...someone drops $300MM into a fund. TRON, believe it or not, is putting the lion's share of it to work in the gaming sector which continues to attract serious attention. This is followed by platforms to help institutional investors gain access to Digital Assets. Folks things are looking up! And we are back! $932.5MM went to work on Digital Asset projects and Blockchain Technology.
Low Tier ($31.5MM)
NFT project Bored Ape Yacht Club has donated $850,000 to an orangutan charity
Celo-based DeFi ReSource Finance raised $1.7MM to support web3 businesses
Greengage Digital Bank raised £2.5MM from IOV Labs, announced support for RSK Blockchain
LABS Group, the world’s first resort NFT, raised $3.65MM, giving holders perks
ConsenSys-incubated crypto wallet Liquality raised $7MM in seed funding
Crypto data analytics platform Dune raises $8 million in Series A funding
Indexing protocol Nakji Network raised $8.8MM in SAFT funding
Mid Tier ($150MM)
Digital asset exchange Blocktrade concluded $25MM investment round
Indonesian crypto exchange Pintu raised $35MM in Series A
CoinDCX, the Mumbai based Crypto exchange, is now valued at $1.1B following fundraising of $90MM
High Tier ($751MM)
Decentralized wireless network Helium raised $111MM in token sale led by a16z
Crypto tax startup TaxBit raises $130M in funding round, now valued at $1.3B
FalconX, buoyed by institutional crypto demand, raised $210MM
TRON launches $300MM fund for GamiFi projects
As mentioned above, the crazy thing is that in the first half of the year, funding for crypto gaming companies reached $500MM. VC investments in Blockchain firms have already doubled those witnessed in all previous years combined. Meanwhile Pantera Capital plans to continue raising capital until March 2022 for its Blockchain Fund.
