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.
