Weekly Report on Global Encryption Market Investment and Financing Dynamics (2022.8.1-8.7)

The encryption market is also building in a bear market. In the past three months, the weekly active developers of the Web3 ecosystem have remained at around 5,000, of which Ethereum ranked first with 1,720. From the statistics of this week (8 projects in total), web3 infrastructure projects (4) are still favored by investors, and the investment and financing of NFT (2), Game (1), and DeFi (1) projects The number is slowing down. CGV and CTC have summarized the investment and financing information worth noting in the global encryption market for a week. The following is the investment and financing information of the global encryption market from August 1st to July 7th, 2022:

【infrastructure】

1. Debt DAO | $3.5 million in seed round financing｜Dragonfly Capital led the investment

On August 1, the encrypted credit protocol Debt DAO completed a $3.5 million seed round of financing led by Dragonfly Capital, GSR, Numeus, Fasanara Capital, Coinbase Chief Technology Officer Balaji Srinivasan, TrueFi Business Leader Ryan Rodenbaugh and Chainlink Labs David Post, head of corporate development strategy, participated in the investment.

Debt DAO enables revenue-based financing for crypto entities (DAOs, protocols, etc.), and it does so through a smart contract called "Spigot," which "ensures that borrowers' on-chain cash flows are automatically repaid to lenders ".

2. Lifeform | Seed round financing｜Binance Labs led the investment

On August 3, Lifeform, a provider of decentralized visual digital identity (DID) solutions, announced the completion of a seed round of financing led by Binance Labs.

Lifeform's existing core technologies include: realistic 3D avatar creation tools, visual DID protocols, secure and innovative contract solutions, Web3 avatars based on decentralized identity systems, and metaverse engine software development kit (SDK).

3. Web3Port | $1 million in seed round financing｜SNZ, HashKey, etc. participated in the investment

On August 3, Web3 accelerator Web3Port (formerly ICPort) completed a $1 million seed round of financing at a valuation of $20 million. SNZ Holding, HashKey, KuCoin Ventures, FBG, Spark Digital Capital, 7 O'Clock Capital, MH Ventures, Web 3.0 SEA Alliance, BettersDAO, Bing Ventures, AZDAG, Bo Shen, founding partner of Fenbushi Capital, etc. participated in the investment.

Web3Port assists the development of blockchain start-up projects through resource docking, project acceleration, marketing, and helping project financing.

4. Coherent | $4.5 million in seed round financing｜Coinbase Ventures and others participated in the investment

On August 5, blockchain data startup Coherent completed a $4.5 million seed round of financing led by Kindred Ventures, Matchstick Ventures and Foundry Group, with participation from Coinbase Ventures, Alchemy and Chapter One. Coherent aims to allow developers to use its data capabilities to build applications by providing APIs. The company will focus on three types of data, including on-chain transaction history, NFT data, and digital certificates. Coherent's products are currently in beta and are expected to launch Available September.

【DeFi】

5. OrBit Markets | $4.6 million in angel round financing｜Matrixport leads the investment

On August 1, OrBit Markets, a liquidity provider for institutional-grade encrypted options and structured products, recently announced the completion of a US$4.6 million angel round of financing, led by Matrixport, with participation from Brevan Howard Digital, New Form Capital, Maven 11 and Westridge Markets.

OrBit was founded by the leadership team of Deutsche Bank's currency department and is headquartered in Singapore. It aims to build quantitative models and risk engines and cooperate with leading CeFi platforms and DeFi protocols to provide liquidity for encrypted options and other structured products, while exploring advanced options Strategies to improve investment and returns.

【Game】

6. Panzerdogs | Financing $3.35 million | Solana Ventures and others participated in the investment

On August 4th, Panzerdogs, a PvP chain game with the theme of "Tank Wars", completed a financing of 3.35 million US dollars. Solana Ventures, Magic Eden, COM2US, CRIT, Mysten Labs, Zeeprime Capital, Hustle Fund, SOLBigBrain, Devmons GG and other institutions, as well as The Sandbox jointly Individual investors including founder Sebastien Borget participated in the round.

【NFT】

7. Capsid | $3 million in seed round financing｜Distributed Global and others participated in the investment

On August 1, Capsid, an NFT derivatives market, announced on social media that it had completed a $3 million seed round of financing. Distributed Global, 32-Bit Ventures, SpringWind, Xoogler Ventures and Mask Network participated in this round of financing. Angel investors are from Binance, Crust Networks, Huobi, Google, YGG and MetaCartel.

Additionally, Capsid announced the launch of the Non-Fungible Rights marketplace. Users can buy, sell, and mint rights to use NFTs, including but not limited to collaborations, derivatives, merchandise, leases, and memberships.

8. Halliday | $6 million in seed round financing｜a16z led the investment

On August 5th, Halliday, a Web3 start-up company, completed a $6 million seed round of financing. This round of financing was led by a16z, and Hashed, A.Capital, SV Angel and other institutions participated in the investment.

Launched in November 2021, Halliday provides gamers with a "play now, pay later" service, with the goal of facilitating in-game NFT purchases.

About Cryptogram Venture (CGV): Cryptogram Venture (CGV) is an encryption industry research and investment institution headquartered in Japan with compliance qualifications. With "research-driven investment" as the business orientation, he has participated in early investments in projects such as FTX, Republic, CasperLabs, AlchemyPay, The Graph, Bitkeep, Pocket, and Powerpool, as well as the yen stable currency JPYW under the supervision of the Japanese government. At the same time, CGV FoF is the LP of Huobi venture, Rocktree capital, Kirin fund and other funds. Currently, CGV has branches in Singapore, Canada and China.