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*The dollar sign in this article refers to US dollars.
According to MEXC Research, from September 12 to September 18, 2022, 51 projects in the Web3 space raised a total of $801.46 million. Among them, Metaverse, NFT and GameFi projects have raised $167million; DeFi and Web 3 projects have raised $36.3 million; The infrastructure projects raised $298.16 million financing; Blockchain fund completed financing of US $300 million.
Last week, there were several events worth noting:
- The users on the MEXC platform exceeded 10 million. MEXC launched a new feature where users can use MX token to deduct futures trading fees.
- MEXC and Layer 1 infrastructure Sie launched a $20 Million fund to support ecosystem construction and development.
- MEXC will launch the 7th session of launchpad,Age of Zalmoxis(KOSON),a AAA MMORPG that integrates Blockchain technology.Users can easily participate by holding a daily average of 10MX token or 10USDT to subscribe to the KOSON token allocation.
Metaverse & NFT & GameFi
1. Fortnite creator Epic Games backs tech startup Hadean’s $30 million Series A
Metaverse infrastructure developer Hadean raised $30 million in Series A funding with participation from Epic Games, creator of the hit game Fortnite.
European investment firm Molten Ventures led the round, with 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First and InQTel also providing support.
2. Web3 music metaverse developer Hume closes $11.7 million in Series A financing,led by TCG Crypto
Hume, the tech and music company behind virtual “metastar” angelbaby, raised $11.7 million in a Series A round to create and finance more Web3-based musical artists.
The funding round was led by TCG Crypto, with participation from Collab+Currency, Winklevoss Capital, the Gemini Frontier Fund, Flamingo DAO, Noise DAO, Distributed Global, LAO DAO, Rahilla Zafar, Evan Bogart, and Coopahtroopa.
3. Spot Raises $5.5M in Seed Funding Led by Freestyle
Next-generation communications platform, Spot, announced $5.5M in combined Seed Round funding led by Freestyle and additional investors, including Liquid 2 Ventures, Community Access Fund, and Founder’s Co-Op. The Seattle-based company was established by Outreach co-founders, Gordon Hempton and Wes Hather.
4. NFT investment app Sintra completes $2 million financing,participated by FTX
NFT investment app Sintra completes $2 million financing,led by Lemniscap,with participation of FTX,Chorus One Ventures.CMCC Global,Big Brain Holdings,Two Ape VC,Shanna Tellerman, Felix Lutsch and Anthony Beaumont.
5. Game studio Theorycraft Games closes $50 million Series B round,participated by a16z
Game studio Theorycraft Games announced the completion of a $50 million Series B round led by the Makers Fund, an investment fund for the blockchain game industry,with participation of NEA and a16z.
6. Web3 Game Platform Iskra Raises $40M,participated byWemade
Iskra, a web3 community game platform that raised $40M from Korean tech giants Krust, Wemade, Netmarble, LINE Studio and others, plans to hold its first Token Generation Event (TGE) on global exchange Gate.io.
7. Web3 chess game company Immortal Games closes $12.2 million in Series A financing,led by TCG Crypto
Immortal Game, a startup that wants to turn chess into a web3 game with NFTs, play-to-earn rewards, has raised $15.5 million across two rounds, including a $12 million round in July. With this Series A round, TCG Crypto is leading the round, with Cassius, Greenfield One, Sparkle Ventures, Kevin Durant and Rich Kleiman’s 35V, Blockwall, Kraken Ventures and Spice Capital also participating.
8. Metaverse Company Vulcan Forged completes $8 million Series A financing,led by SkyBridge Capital
Vulcan Forged, a leading blockchain game studio and decentralized application incubator, announced that it has secured Series A funding led by SkyBridge Capital.
SkyBridge led the $8 million round, which includes the option to invest an additional $33 million. This funding aims to further accelerate the growth of Vulcan Forged’s patented metaverse-as-a-service engine, MetaScapes, and enable the company to scale operations in North America and existing key markets.
9. Random Games Raises $7.6 Million Seed Round, co-led by Resolute Ventures and Asymmetric
Random Games, a new studio reinventing the videogame business through a combination of community empowerment and blockchain, raised a $7.6 million seed round of funding. This multi-million-dollar round was co-led by Resolute Ventures and Asymmetric, with participation from IGNIA, 2 Punks Capital, ID345, Polygon and notable game-developer David Jones.
DeFi & Web 3
1. Derivatives protocol Nibiru raises $7.5 million,participated by Kraken
Nibiru, a new crypto derivatives protocol co-founded by Tribe Capital GP Arjun Sethi, has raised $7.5 million in seed funding at a valuation of $100 million.Tribe Capital, Republic Capital and Kraken invested in the seed round.
Currently in private testnet, Nibiru’s decentralized protocol unifies derivatives trading, spot trading, staking and bonded liquidity, and aims to serve users across over 40 blockchains
2. Lending protocol Block Green closes $3.7 million seed round,led by Peter Thiel’s Founders Fund
Peter Thiel’s Founders Fund led a $3.7 million seed equity round into Block Green, a lending protocol that aims to enable bitcoin staking.
Other investors in the round, which closed in early June, included Coinbase Ventures, Blizzard and Dao5, according to an announcement.
3. Web3 asset management platform Presail completes a seed round of €3.8 million,led by SNÖ Ventures
Community-driven Web3 investment management platform Presail announces the completion of a €3.8 million seed round,led by SNÖ Ventures,participated by Kraken Ventures、Skyfall Ventures、Weekend Fund.This round of financing will be used to grow the team and accelerate product development.
Infrastructure
1. Visa and ConsenSys back fraud detection platform Sardine’s $52 million raise
Fraud detection platform Sardine announced it has closed a $51.5 million Series B round led by Andreessen Horowitz (a16z), just seven months after announcing its last fundraise.
Other investors include ING Ventures, ConsenSys, Cross River Digital Ventures, Visa, Eric Schmidt and Google Ventures.
2. Blockchain Startup Hyperlane Raises $18.5M Round Led by Crypto Investor Variant
Hyperlane, a platform that helps developers connect applications across blockchains, has raised $18.5 million in a seed funding round led by crypto-focused investment firm Variant.
The funding will be used for hiring, product development and security, which includes bug bounties and additional audits.
Other participants in the round include crypto financial services firm Galaxy Digital, CoinFund, Circle, Figment, Blockdaemon, Kraken Ventures, and NFX.
3. Codacy has closed a $15 million Series B funding round led by Bright Pixel Capital
Lisbon-based Codacy, which provides info on code quality, security, compliance and performance. has closed a $15 million Series B funding round led by Bright Pixel Capital, the corporate VC of one of Portugal’s biggest employers, the Sonae Group.
4. Web3 Crypto Network Lit Protocol Completes $13M Series A Funding,led by 1kx
Web3 Crypto Network Lit Protocol announced $13 Million Series A Funding,led by 1kx with participation from 6thManVentures, A Capital, Eniac Ventures, Figment, Filecoin, the LAO, Lattice Capital, OpenSea Ventures, Slow Ventures, Spaceship, Valhalla Ventures, Village Global, and Visary Capital.
5. FTX Ventures, DCG Back $9.6M Funding for Decentralized Database Solution Kwil
Kwil, a decentralized database infrastructure provider, raised $9.6 million in a funding round backed by heavy-hitters such asthe venture capital arm of cryptocurrency exchange FTX and Digital Currency Group (DCG).
6. Web3 accounting software Tres raises $7.6 million in seed funding,led by Boldstart Ventures
Tres, a financial accounting software startup for web3 companies, has raised a $7.6 million round led by Boldstart Ventures. F2, Alchemy, New Form, Kenetic Capital, Blockdaemon Ventures and Mantis also participated in the round.
Tres aims to improve the accounting process for web3 firms by collecting and aggregating digital asset data from separate wallets and accounts into its data platform.
7. Israeli Web3 company Antic raises $7 million in seed funding,led by 776 and Sheva
Israeli Web3 company Antic raised $7 million in seed funding.Seven Seven Six (776) fund founded by Reddit founder Alexis Ohanian and Israeli venture capital firm Sheva led the round,with participation of Pantera Capital,Sound Ventures,Rainfall,Shrug and Dapper Labs.Antic develops a blockchain-based infrastructure to create shared ownership.
8. Bain Crypto leads $6.5 million round for MEV infrastructure provider Skip
Miner Extractable Value infrastructure provider Skip Protocol has raised $6.5 million in a seed round led by Bain Capital Crypto. Galaxy Digital, Robot Ventures and Jump Crypto are also among the investors also participating in the round.
Miner Extractable Value (MEV) is a strategy where miners and validators have found ways to profit from including, excluding or ordering transactions within blocks to be validated.
9. DID Social Platform TwitterScan raised $4.56M Seed Round Led by Redpoint Ventures
Web3 Decentralized Social Identification Platform TwitterScan has raised $4.56 million seed round, led by Redpoint Ventures, investors in TwitterScan’s seed round also included Sky9 Capital, UpHonest Capital, KuCoin Ventures, Huobi Ventures, Gate Labs, Mirana Ventures, Element, NGC, LingFeng Capital, Fenbushi US, Antalpha Ventures, 7upDAO, Redline Dao, Cobo Ventures, CyberConnect, SNZ, Viabtc Capital, SF Capital, MetaStone Capital, OneBoat Capital, BitCoke Ventures, MEXC Ventures, Alchemy Pay, Nstone, and YM Capital.
10. 0xScope raises $3M seed round,led by Hash Global
The knowledge graph protocol 0xScope has raised a total of $3 million in its seed round.
This latest round was led by the accelerator and venture capital fund ABCDE, founded by Huobi co-founder Du Jun and BMAN, and it is co-led by Hash Global and Liang Xinjun. 0xScope has also garnered support from Bonfire Union, Mask Network fund and Bodl Ventures, an early-stage venture firm established by former editor-in-chief of ChainNews, Liu Feng.
11. Crypto analytics platform Messari raises $35 million in Series B funding, led by Brevan Howard Digital
Crypto analytics platform Messari raises $35 million in Series B funding led by Brevan Howard Digital,with participation of Morgan Creek Digital,FTX Ventures,Point72 Ventures,Kraken Ventures, Uncork Capital,Underscore VC,Galaxy and Coinbase Ventures.
The funding will be used to expand the team and product offering, including two newly launched products, Protocol Metrics and Data Apps.
12. Framework Ventures Leads $24M Round for Web3 Security Platform Immunefi
Bug bounty security services platform Immunefi raised $24 million in a Series A round led by Framework Ventures.Other backers in the round were Electric Capital, Polygon Ventures, Samsung Next, P2P Capital, North Island Ventures, Third Prime Ventures, Lattice Capital, and Stratos DeFi.
Immunefi focuses on bug bounty and security services for Web3 projects.
13. Crypto.com invests in web3 back-office platform Headquarters’ $5 million raise
Web3 back-office platform Headquarters has closed a $5 million round co-led by Crypto.com Capital, Forge Ventures and MassMutual Ventures.
The pre-seed raise also includes backing from Saison Capital, 500 Startups and Longhash Ventures as well as prominent angel investors such as Nansen CEO Alex Svanevik, Race Capital’s Chris McCann and Etherscan founder Matthew Tan.
14. Pan-African Crypto Exchange, Yellow Card Secures $40M in Series B Funding Round,led by Polychain Capital
Yellow Card Financial, the Pan-African cryptocurrency exchange, has announced the close of its $40M Series B funding. The round was led by Polychain Capital, with participation from Valar Ventures, Third Prime Ventures, Sozo Ventures, Castle Island Ventures, Fabric Ventures, DG Daiwa Ventures, The Raba Partnership, Jon Weiner, Alex Wilson, Pat Duffy, and more.
15. Crypto Trading Bot and Investment Platform 3Commas Raises $37M in Series B Funding Round,led by Target Global
3Commas, an automated crypto trading bot investment platform, has raised $37M in a series B funding round led by leading crypto and financial technology investors Target Global, Alameda Research, Jump Crypto and Dmitry Tokarev, founder and CEO of Copper. 3Commas currently offers advanced trading tools and automated strategies managed by trading bots that have proven to help users earn profits through all market conditions.
Blockchain Funds
German VC raises $300M to back web3, AI and fintech startups in Europe and US
DTCP (Digital Transformation Capital Partners), an early growth VC firm headquartered in Germany, has announced the first close of its Growth Equity fund at $300 million. The fund was launched in March this year and has raised capital from new and existing investors, including Deutsche Telekom and Softbank, alongside other institutional, pension fund, corporate, and family office investors.
About MEXC
MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, ETF, futures, Staking, NFT Index, etc.,and serving more than 10 million users worldwide. The core team has a solid background in traditional finance, and has professional financial product logic and technical security guarantees in terms of cryptocurrency products and services. In October 2021, MEXC won the title of “Best Cryptocurrency Exchange in Asia”. Currently, it supports the trading of more than 1,400 cryptocurrency, and is the trading platform with the fastest launch speed for new projects and the most tradable categories. Visit the website and blog for more information, and follow MEXC and M-Ventures & Labs.
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