Half a billion dollars is heading toward DeFi, NFTs, and scores of other projects. So it’s time to party folks. And a16Z is hosting, as it is once again launching a $400MM fund to expand into new technology. The theme this week seems to be DeFi, where at each tier decentralized finance projects are getting funding.
Low Tier ($16.1MM)
Newly formed DeFi Education Fund announced the first round of grants, totaling $195,000
Cabital Crypto savings platform secures $4MM in latest seed round
Avalanche-based DeFi protocol Trader Joe raised $5MM from Three Arrows Capital and others
Evrynet raised $7MM in successful funding round
Mid Tier ($158MM)
Community investing DeFi project Syndicate scored $20MM raise led by a16z
Polkadot-based DeFi protocol Parallel Finance raised $22MM in Series A funding
US defense contractor Simba Chain raises $25 million to boost NFT efforts
MUFG boosts its crypto exposure following $41MM Zipmex funding round
Alpaca, stock brokerage platform, secured $50MM
High Tier ($720MM)
Leading DeFi projects launch $100MM global adoption initiative
'Vincent Van Dough' launched NFT fund with Three Arrows Capital founders, plans to raise $100MM
Offchain Labs, building Arbitrum for Secure Ethereum dApps, raised $120MM
a16z launched $400MM Seed Fund to expand into new technology
In addition, Fantom Foundation unveils 370M FTM incentive program.
