Project funding for sure. It is nearly impossible to beat last week’s massive numbers but $2.6B is nothing to shake a stick at.
Easily the trend of nearly or over $1B each week continues to flow into Digital Assets and Blockchain Technology projects. Things are still pointing toward gaming and DeFi as the major sectors to keep your eye on.
However, Polkadot is the winner this week by establishing a $770MM fund for development projects. Gavin Wood said that Polkadot’s treasury set aside more than 18.9 million Polkadot (DOT) that will be disbursed through community governance.
Low Tier ($40.6MM)
India’s 13-year-old coder Gajesh Naik raised $300,000 for the new DeFi project
Lending platform Sublime, which lets users stake their 'digital reputations,' raised $2.5MM
Solana-based play-to-earn NFT game MonkeyBall raised $3MM
Gaia EverWorld GameFi ecosystem raised $3.7MM in seed funding
Solana-based asset management platform Synchrony raised $4.2MM
Polkadot-based privacy project Manta Network raised $5.5MM
Former ConsenSys exec raised $6.15MM to build crypto staking protocol Obol
Evrynet secured $7MM in funding, announced three new advisors
Genopets raised $8.3MM for a virtual game with real benefits
Mid Tier ($133MM)
Mojito, startup powering Sotheby’s Metaverse, raised $20MM in funding
Zaki Manian's DeFi project Sommelier raised $23MM in Series A funding
Munich’s Staking Facilities started a $25MM venture arm
Animoca Brands doubles valuation to $2.2B with new $65MM funding round
High Tier ($2.5B)
Fanatics’ Sports NFT studio Candy Digital raised $100MM, Valued at $1.5B
Variant closed $110MM fund after a merger deal
Multicoin Capital to raise $250MM for a third crypto-focused venture fund
Galaxy Digital affiliate Galaxy Interactive raised $325MM Fund for NFTs and interactive gaming
Sam Bankman-Fried’s FTX raised precisely $420.69MM
UK crypto firm Copper set to raise up to $500MM
Polkadot unveils $770MM development fund ahead of para chain auctions
Crypto-friendly remote hiring company Deel valued at $5.5 billion after Series D and Crypto asset manager Bitwise launched Polygon (MATIC) fund
