Incredible is defined by Webster as “difficult or impossible to believe” and I’d say based on the numbers you see below, it’s definitely difficult to believe this much money is being put to work.
Another week and another $2.6B dollars flowing in as Google puts the icing on the celebratory cake this week pushing big dollars toward CME Group and Digital Currency Group.
Oh, how the light bulb has popped on!
A common theme this week continues to be Metaverse, gaming, and DeFi as always. OK, folks let’s roll the script:
Low Tier ($14MM)
Good Games Guild (GGG) NFT hub raised $1.7MM from top VCs
Polygen secured $2.3MM in funding to build a truly decentralized launchpad
Aussie crypto micro-investment app Bamboo raised $3MM, eyes US market
Endaoment raised $7MM for nonprofits in its first year as crypto donations thrive
Mid Tier ($234.4MM)
Cardano-based DeFi protocol Ardana raised $10MM from Three Arrows Capital and others
Decentralized design platform Moralis raised $13.4MM in seed funding from EQT Ventures
Digital property trading platform Upland scored $18MM Series A led by Animoca
Sanctor Capital launched $20MM fund to bootstrap GameFi, DeFi projects
Faraway raised $30MM for Solana-Based NFT browser games
Singapore’s AscendEX raised $50MM round led by PolyChain Capital and Hack VC
The Sandbox raised $93MM to expand its NFT metaverse
High Tier ($2.5B)
Sfermion closed $100MM raise to make the Metaverse mainstream
Enjin tapped Metaverse realm with $100MM Fund
Binance to spend $115MM in France to develop European crypto ecosystem
Mythical Games has closed a $150MM Series C round led by Andreessen Horowitz
FTX backed African fintech unicorn Chipper Cash in $150MM fundraise
Avalanche launched $220MM Crypto growth fund targeting DeFi And NFTs
Digital Currency Group raised $700MM from Google and SoftBank
Google invests $1B in Bitcoin futures platform CME Group
In addition, Ubisoft will seek to invest in and create blockchain games, the Giving Block launched 15 new funds to direct crypto donations by cause, and 90% of Coinbase Ventures capital has been deployed in 2021.
