Crypto Breaking News Digest | Major Funding Raises Reach $ 1.47Billion,Ethereum completed the merge ,MEXC was the first CEX to open ETHW deposit

–Follow MEXC Research to discover early-stage projects and learn the latest dynamics of the crypto market.

*The dollar sign in this article refers to US dollars.

According to MEXC Research, from September 12 to September 18, 2022, 39 projects in the Web3 space raised a total of $1.47billion. Among them, Metaverse, NFT and GameFi projects have raised $73.5million; DeFi and Web 3 projects have raised $43.05million; The infrastructure projects raised $229.25 million financing; Blockchain fund completed financing of US $1.12 billion.

Last week, there were several events worth noting:

  1. On September 15, 2022, Ethereum completed its merge, and officially switched to the PoS consensus mechanism. MEXC was the first CEX to open ETHW deposit.
  2. MEXC airdropped Hololoot x MEXC Co-branding AR NFT.
  3. MEXC launched SWEAT(SWEAT/USDT) futures.

Metaverse & NFT & GameFi

  • Doodles raises $54M ,led by Seven Seven Six(776)

NFT project Doodles has raised $54 million in equity funding at a valuation of $704 million, led by Reddit co-founder Alexis Ohanian’s VC Seven Seven Six (776),participated by Acrew Capital、FTX Ventures and 10T Holdings.

  • Dubai Metaverse Firm MetaFi Secures $3 Million Funding from Industry Heavyweights

UAE-based company MetaFi raised the new funding of $3 Millionfrom an array of big names in the Web3 industry: DoublePeak Group, Maven Capital, OKX Blockdream Ventures, Megala Ventures, Magnus Capital, Legion Ventures, SL2 Capital, X21 Digital, Good Games Guild, MetaGaming Guild, Mintable Go! Fund, and Athena Ventures were among the participants.

MetaFi will use the funding to build its first core product, the Trading Metaverse, a new kind of social trading experience governed by its users.

  • Ring Games’ STELLA FANTASY Completed Total US$6M Fund Raising with KRUST UNIVERSE’s Participation

RING GAMES’ STELLA FANTASY, which announced the global investment status in June, has successfully closed its private funding round with a total 6 million dollars. This time, KRUST UNIVERSE, a developer of KLAYTN mainnet and KLAYTN-based ecosystem incubator, has participated in the investment as one of the lead investors.

DeFi & Web 3

  • Crypto derivatives trading platform Synquote completes $2.8 million fundraising,led by Initialized Capital

Crypto derivatives trading firm Synquote has announced a $2.8 million seed round led by Initialized Capital, with participation from AllianceDAO, Coinbase Ventures, CMT Digital, Polygon, and Ryan Selkis.

Synquote said it plans to use the funds to develop a decentralized derivatives trading platform for more than 500 illiquid tokens, and plans to support Polygon, Avalanche and BNB chains.

  • Infinity Exchange completes $4.2 million seed round, with participation from GSR

Infinity Exchange announced the completion of $4.2 million seed round,participated by GSR、Coin Merge Strategy、C² Ventures、Flow Traders、block 0 and Mentha Partners.

  • Web3 compliance company Satschel raises $5.2 million, led by Brand Foundry Ventures

Compliance company Satschel has raised a $5.2 million seed round led by early-stage venture firm Brand Foundry Ventures, according to a spokesperson for the startup.

Leveraging web3 technologies, Satschel helps financial services companies become compliant with regulations through its automated Compliance Fabric technology, which enables investors and customers to be onboarded quickly while still meeting regulatory standards.

  • Arpeggi Labs raises $5.1m ,led by a16z

Web3 music creation platform Arpeggi Labs closes $5.1 million seed round, led by a16z.Participated by 1confirmation、Palm Tree Crew、WndrCo Ventures、Steve Aoki、3LAU、Wyclef Jean、Disco Fries、Electric Feel Ventures、Louis Bell、Joe Zadeh、Audius Foundation、Shayne Coplan、Paul Veradittakit and Cooper Turley.

  • LearnWeb3 raises $1.25M seed round,led by IOSG Ventures

Education platform LearnWeb3 has completed a $1.25 million seed round, led by IOSG Ventures, with other participants including Balaji Srinivasan, EPNS founder Harsh Rajat.

LearnWeb3 is a high-quality, wide-reaching, and completely free educational platform designed to create learning opportunities for more ordinary people to enter Web3 and become excellent Web3 developers.


  • Fortanix Raises $90M in Series C Funding Led by Goldman Sachs Asset Management to Accelerate Leadership in the Data Security Market

Fortanix® Inc., the data-first multicloud security company and the pioneer of Confidential Computing, today announced $90 million in Series C financing bringing the total amount the company has raised to over $122 million. The round was led by the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs) with participation from GiantLeap Capital as well as the existing investors Foundation Capital, Intel Capital, Neotribe Ventures, and In-Q-Tel. Soumya Rajamani, Vice President at Goldman Sachs, will join Fortanix’s board of directors.

  • Liquidity pledging protocol Lido announced the completion of a $24 million financing, Dragonfly purchased 10 million LDO

Liquid pledge protocol Lido announced the completion of a $24 million financing, Dragonfly purchased 10 million LDO from the Lido Dao vault and completed the payment through two transactions.

  • Encrypted data platform Goldsky completes a $20 million seed round, led by Dragonfly Capital

Goldsky, a crypto data infrastructure platform, completed a $20 million seed round led by Felicis Ventures and Dragonfly Capital. Serial investors Elad Gil, Plaid founders Zach Perret and William Hockey, Uniswap Labs, 0x Labs, Magic Eden’s Zhuoxun Yin, Azuki’s Alex Xu and Compound Finance’s Robert Leshner. Funds from this round will be used to rapidly expand its team.

  • Ownera Announces $20M Series A Financing including J.P. Morgan and LRC Group

Ownera, the company delivering an extensive interoperability trading network for tokenized assets, announced Series A funding of $20M including J.P. Morgan and LRC Group.

The Series A financing round also includes Draper Goren Holm, tokentus Investment AG, Accomplice Blockchain, Polymorphic Capital, The Ropart Group and Archax.

  • QLC Chain completes $15 million financing led by Dawnstar Capital

Next-generation Network-as-a-Service (NaaS) public chain project QLC Chain announced that it has closed a $15 million financing round led by Dawnstar Capital to accelerate its mission of technological improvement and accelerate digital transformation by increasing its adoption rate.

  • WormholesChain, a multi-dimensional public chain, completes $10 million in seed round financing,led by Mandra Capital and Timing Capita

WormholesChain, a multi-dimensional public chain, announced the completion of a $10 million seed round, led by OKX angel investors Mandra Capital and Timing Capital.

WormholesChain is a multi-dimensional blockchain consisting of multiple layers, including transport layer, blockchain layer, API layer and application layer, where parachains are coupled together to form a network, supporting parallelism as a way to linearly increase throughput Way.

  • Thirdwave raises US$7 million in a seed round led by Framework Ventures

Thirdwave, a blockchain data company, has emerged from stealth mode after raising US$7 million in a seed round led by Framework Ventures.Animoca Brands, Play Ventures, Shima Capital, Hustle Fund, and Oceans Ventures also took part in the financing.

Thirdwave provides Web3 companies, projects, protocols, and decentralized autonomous organizations with blockchain data.

  • Pantera Capital leads $4.5 milllion round for NEAR-based wallet Sender

Cryptocurrency hedge fund and investment firm Pantera Capital led a $4.5 million investment in Sender, a crypto wallet for the NEAR Protocol ecosystem., Jump Crypto, Amber Group, WOO Network, SevenX Ventures, Smrti Labs, D1 Ventures, Puzzle Ventures, Shima Capital, Eniac Ventures, and GFS Ventures also participated in the round, which valued the wallet at $45 million, according to an announcement Monday. The investment was structured as a token sale.

  • Token Management Platform Magna Raises $15M Seed Round ,led by Tiger Global and Tusk Venture Partners

Token management platform Magna closed a $15 million seed round at a $70 million valuation led by venture capital firms Tiger Global and Tusk Venture Partners.

Other participants in the round included Shima Capital, Circle Ventures, Solana Ventures, Polygon Ventures, Avalanche Labs and Galaxy Labs. Individual investors included ex-Coinbase executive Balaji Srinivasan, Messari’s Ryan Selkis and DJ Steve Aoki.

  • Crypto exchange Reku completes $11 million Series A financing, led by Coinbase Venture

Crypto exchange Rekuannounced it has raised $11 million in Series A funding, led by AC Ventures (ACV) with participation from Coinbase Ventures and Skystar Capital.

Reku, which currently has 80 employees, plans to add 50 more positions with the funding. The platform will also continue focusing on security, compliance, efficiency and scalability.

Blockchain Funds

  • UK venture firm Northzone eyes web3 startups with new €1 billion fund

London-based venture capital firm Northzone launched a €1 billion fund with an eye on investing in crypto and fintech startups.

Founded in 1996 as a generalist investor, Northzone has backed a wide range of tech companies, from fintech firms like open banking specialist TrueLayer and buy now play later giant Klarna, to music streaming platform Spotify.

  • Telstra Ventures’ third fund has raised $344 million to invest in crypto

Telstra Ventures, one of Australia’s largest venture capital funds, has announced that its third fund has raised A$500 million (approximately US$344 million) and will focus on cloud services, networking, creator economy, crypto and other areas investment.

Telstra Ventureshas already made investments in 15 startups including Cequence, ClosedLoop, Enable, Forage, FTX, LambdaTest, Lively, Pandion, Sleeper and Strata.

  • Crypto new fund from North Island Ventures closes $125 million funding

North Island Ventures, a crypto-focused investment firm,announced the closing of NIV Fund II with $125 million in commitments.

These funds will support investments in Web3 infrastructure and applications spanning multiple layers, verticals, and use cases, across DeFi, NFTs, digital identity, blockchain cybersecurity, cross-chain interoperability, DeSci, and more.

  • $100M Web3 Fund Launched By ThunderCore, 886 Studios And Outliers Fund

ThunderCore announced a dynamic new partnership with 886 Studios and Outliers Fund to raise a $100 million Web3 fund that will focus on boosting GameFi, SocialFi, NFT and Metaverse ecosystems. The financial initiative will incentivize developers to deploy their applications on ThunderCore’s rapidly growing layer-1 blockchain network.

Clocking up to 400,000 active monthly users and gaining major traction in the Web3 space in 2022, the powerful EVM-compatible ThunderCore chain continues to aggressively invest into its layer-1 ecosystem of projects across various nascent crypto sectors.

  • SevenX Ventures Announces Completion of $80 Million for its Fund III

SevenX Ventures, Asia’s newest crypto investment fund,announced Completion of $80 Million for its Fund III.

SevenX Ventures Fund III, with a total scale of US$100 million, will completely close its fundraising by the end of October. The funds of this fund are mainly from the continuous pursuit of the first and second fund LPs, as well as the family offices of Asia’s leading Internet entrepreneurs.

SevenX Ventures Fund III will use 60% of its funds to invest in middleware and infrastructure protocols centered on the data layer, and 40% of the funds will be used to invest in decentralized applications with Asian application developers as the core, covering games, exploration of new business models such as finance, content and social networking.

Join MEXC and Start Trading Today!