Blowout week in funds moving into Digital Assets and Blockchain Tech; $4.4B (yes that is a B for Billion.) All tiers are up since last week. This continuous flow of money into this industry is being put to work to help build the “Internet of Value.”
In fact, investor, hedge fund manager, and philanthropist Mark Yusko said that Crypto will generate more wealth than the internet, noting that “untold wealth” will be powered by the Internet of Value.
Low Tier ($30.55MM)
Nodle decentralized wireless protocol supports Berty Foundation with a $1 Million Grant in Nodle Cash
Creaton raised $1.1MM from top VCs to build a decentralized content platform on Polygon
Arcana Network landed a $2.3MM strategic round of funding from leading investors
Pontoon Finance raised $3.2MM in funding with testnet version ready for launch
Derived raised $3.3MM to build a decentralized synthetic assets platform
Decentralized social media platform Yup secured $3.5MM in Funding
ShoeFy announced $3.65MM raise for an innovative NFT platform with utility layers
Stader Labs completed a $4MM funding raise to expand crypto staking
DeHorizon raised $8.5MM to bring its Metaverse game DeVerse to life
Mid Tier ($264MM)
Decentralized exchange Futureswap raised $12MM from Ribbit Capital and others
Aurora raised $12MM in debut funding to scale the Ethereum ecosystem
Makor Group raised $17MM in funds at a $200 million valuation to expand crypto brokerage
Indian TikTok challenger Chingari raised $19MM to launch social token on Solana
Much anticipated Treeverse gaming platform raised $25MM
Ripple and Nelnet to invest $44MM aimed at carbon-neutrality
Blockchain analytics firm Elliptic raised $60MM in Series C funding
Bitkraft VC launched $75MM investment fund for blockchain gaming
High Tier ($3.9B)
Velas increases blockchain grants program to $100MM
Stronghold Digital Mining listing shares at roughly $17 in $100M IPO
Tala raised $145MM Series E to expand account and Crypto capabilities
TradingView completed a new funding round of $298MM with a $3B valuation
Celsius valued at $3.25B after $400MM raise amid regulatory headwinds
Crypto payment startup MoonPay valued at $3.4 billion after first funding round of $400MM
Binance created a $1B fund to accelerate Crypto adoption
Paradigm raised $1.5B to fund new startup investments
Also, record amounts of Venture funding flooding into Crypto companies, clocks $15,547,000,000 in nine months. Case in point, Billionaire Orlando Bravo’s firm plans to invest in Blockchain Tech companies, and Cardano’s Emurgo tap into the African market with financial grants for 100 local startups. ConsenSys valued at $3B? Next fundraise may make it so.
The purpose of this weekly article is to help you realize where the money is flowing so you can quickly identify opportunities
