Ok, let’s call it $1B because what’s $17MM in the grand scheme of things. It’s very interesting that while a majority of the funds weren’t directed toward this particular area, the number of deals done on smart contract platforms are notable: There have been three different projects on Solana and one on Polkadot. However, the lion's share of the funds this week went into funds that will allocate that money across a variety of ventures and assets.
Low Tier ($21.2MM)
MetaEstate raised $1M in a seed round led by Cryptomeria Labs and Rocktree Capital
SolRazr (the first decentralized developer ecosystem for Solana) raised $1.5MM
Poolz (decentralized fundraising and cross-chain token launchpad) announced a $2MM NFT and gaming investment fund
Cyclos (Solana-based decentralized trading) secured $2.1MM in funding to build novel AMM
Parcel (treasury management) raised $2.5MM to build treasury management protocol for DAOs
DeFi Land (gamified decentralized finance) raised $4.1MM to launch on Solana
SubQuery, indexing protocol for Polkadot ecosystem raised $9MM in SAFT sale
Mid Tier ($42.4MM)
Eden, the priority transaction network for Ethereum raised $17.4MM in token sale
Huobi Ventures, Chainsmokers backed a new $25MM fund Op Crypto which will be invested in the metaverse
High Tier ($920MM)
South Korean Crypto firm Hashed to launch $170MM Blockchain Fund this month
Dan Tapiero's 10T Holdings raised $750MM for first fund
