The overall liquidity of the Crypto market is tight, and the market is depressed and lacks hot spots. According to last week’s statistics (9 projects in total), the amount of financing for Web3 infrastructure projects (6) has decreased, and the popularity of NFT (1) and Game (2) projects has continued to decline. CGV and CTC have summarized the investment and financing information worth paying attention to in the encryption market for a week. The following is the investment and financing information of the global encryption market from October 17 to October 23, 2022:
【infrastructure】
1. Hexens | $4.2 million in seed round financing｜IOSG Ventures led the investment
On October 17, blockchain security company Hexens completed a $4.2 million seed round of financing, led by IOSG Ventures, Delta Blockchain Fund, ChapterOne VC, Hash Capital, ImToken Ventures, Tenzor Capital, and angel investors from Polygon and other projects voters.
Hexens is a network security provider focusing on new blockchain technologies. Top experts provide security consulting, including blockchain security services including smart contract audit, blockchain audit, cryptography audit, and digital asset transaction audit. , and cybercrime investigations.
Original link: https://www.newsbtc.com/press-releases/blockchain-security-company-hexens-raises-4-2-million-in-seed-funding-led-by-iosg-ventures/
2. Light Protocol | $4.5 million in seed round financing｜Polychain Capital led the investment
On October 18, Solana’s ecological privacy project Light Protocol completed a $4.5 million seed round of financing, led by Polychain Capital, and participated by Solana Ventures, Hypersphere, dao5, Asymmetric, Balaji Srinivasan, Algod, and The Crypto Dog.
Original link: https://twitter.com/LightProtocol/status/1582041546651598856
3. ChainSafe | A round of financing of 18.75 million US dollars｜Round13 led the investment
On October 18, Canadian Web3 infrastructure company ChainSafe completed its Series A financing of US$18.75 million. This round of financing was led by Round13, with participation from NGC Ventures, HashKey, Sfermion, Jsquare, ConsenSys, Digital Finance Group, and Fenbushi Capital. ChainSafe is currently focusing on multi-chain R&D and blockchain games. ChainSafe said the funding will be used to support the development and adoption of Web3 technologies.
Original link: https://cointelegraph.com/news/web3-infrastructure-firm-chainsafe-raises-18-75m-as-attention-shifts-to-gamefi
4. Ottr Finance | Pre-Seed round of financing $ 3.1 million | Race Capital led the round
On October 20, Ottr Finance, a Web3 mobile application on the Solana chain, completed a $3.1 million Pre-Seed round of financing, led by early-stage venture fund Race Capital, with participation from Circle Ventures, Slow Ventures and Kamal Ravikant.
Ottr provides a simple and intuitive solution that supports real-time, free sending of USDC without setting up a self-hosted wallet and storing mnemonic words, making it easier for mobile phone users to use USD to access cryptocurrencies. The company will also release Ottr NFT in November, Users can display this as their wallet profile.
Original link: https://www.globenewswire.com/news-release/2022/10/20/2538596/0/en/Ottr-Finance-a-Solana-based-Crypto-App-Raises-3-1-Million -Pre-Seed-Funding-Led-by-Race-Capital-with-Participation-from-Circle-Ventures-Slow-Ventures-and-Kamal-Ravikant.html
5. Airstack | $3 million in seed round financing｜Polygon and others participated in the investment
On October 20, Airstack, a Web3 API platform, completed a $3 million seed round of financing, with participation from Animal Ventures, Polygon, Fenbushi, and Resolute Ventures.
Airstack wants to make it easy for individuals to discover and consume data from the Web3 ecosystem through APIs. Make decentralized applications work by providing data to the "Airstack Engine" in a common format. This data will be parsed into a metadata format, which will allow developers to query it very quickly using the API.
Original link: https://www.theblock.co/post/178545/fab-com-founder-jason-goldberg-launches-polygon-backed-web3-project
6. Spindl | $7 million in financing｜DragonFly Capital leads the round
On October 20th, Spindl, a Miami-based Web3 startup, completed a $7 million round of financing. This round of financing was led by DragonFly Capital and Chapter 1, with participation from Polygon Ventures, Tribe Capital, Multicoin, and Solana Ventures. The new funds will be used for Expand recruitment.
Spindl tries to rebuild the basic infrastructure of Web2's e-commerce backend for Web3, that is, how Internet companies track where their customers come from, and formulate customer acquisition strategies to attract more users.
Original link: https://blog.spindl.xyz/p/why-spindle
【Game】
7. Arcade2Earn | Financing $3.2 million｜Crypto.com Capital leads the round
On October 19th, Arcade2Earn, a P2E game platform based on the Solana network, announced the completion of US$3.2 million in financing. This round of financing was led by Crypto.com Capital, and Solana Ventures, Shima Capital, KuCoin Labs, and GSR participated in the investment.
Arcade is currently under development, and its Demo version is planned to be launched before the end of this year, after which the platform and its Token will be officially released.
Original link: https://www.theblock.co/post/178332/solana-based-gaming-platform-arcade2earn-raises-3-2-million-exclusive?utm_source=twitter&utm_medium=social
8. Stardust | $30 million Series A financing｜Framework Ventures led the investment
On October 18, Stardust, a company that provides developer tools for blockchain games, completed a $30 million Series A financing led by Framework Ventures, with participation from Acrew Capital, Blockchain Capital, and Distributed Global. Stardust has partnered with game publisher Tilting Point to help its developers build blockchain games.
Original link: https://www.bloomberg.com/news/articles/2022-10-18/stardust-raises-30-million-for-gaming-tools-despite-crypto-slump#xj4y7vzkg
【NFT】
9. Web3 Builders | $7 million in seed round financing｜OpenSea Ventures and others participated in the investment
On October 18, smart contract and NFT security company Web3 Builders announced the completion of a $7 million seed round of financing, Road Capital, OpenSea's venture capital subsidiary, Sparkle Ventures, Picus Capital, ACME, TTV, G20, Global Founders Capital, Haven Ventures and Greylock et al. This round of financing will be used to develop products, add new artificial intelligence and machine learning methods, and expand the team.
Original link: https://www.coindesk.com/business/2022/10/18/opensea-ventures-among-backers-for-7m-round-for-crypto-security-startup/
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 such as FTX, Republic, CasperLabs, AlchemyPay, The Graph, Bitkeep, Pocket and Powerpool, as well as the yen stable currency JPYW that is regulated by the Japanese government. At the same time, CGV FoF is the LP of Huobi venture, Rocktree capital, Kirin fund and other funds. It has set up brand activities such as Web3 Hackathon and Industry Summit. From July to October 2022, it will launch the first Web3 Hackathon (TWSH) in Japan, and has won the cooperation of Japanese Ministry of Education, Culture, Sports, Science and Technology, Keio University, SONY, Softbank and other institutions and experts. support. Currently, CGV has branches in Singapore, Canada and China.
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