More and more crypto enthusiasts believe that decentralized autonomous organizations (DAOs) may be the future of work, cultural communities, and human organizations. CGV Research Vane has added a classification of DAOs in this issue. Judging from the statistics of this week (18 projects in total), investment institutions mainly focus on web3 infrastructure (6), GameFi investment (5), and NFT (3). 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 April 3 to April 10, 2022:

【infrastructure】

1. Hivemapper | $18 million financing｜Multicoin Capital led the investment

On April 5, map startup Hivemapper announced the completion of $18 million in financing, led by Multicoin Capital, with participation from Solana founders, former Apple Maps executives, and Helium CEO.

Funds will be used to support the mainnet launch of Hivemapper (HONEY) and bring in more map contributors. In exchange for HONEY, map contributors mount specially designed dashcams on their cars, share the video with Hivemapper, and then use it to create maps.

2. Strata | $1.5 million in seed round financing｜Multicoin Capital led the investment

On April 5th, Token issuance and management protocol Strata announced the completion of a $1.5 million seed round of financing, led by Multicoin Capital, with participation from Alameda Research, Solana Ventures, Asymmetric Partners and Starting Line.

Strata is a Token issuance and management protocol based on Solana, which provides users with a convenient solution to issue and sell Tokens, and aims to make it easier for developers to issue Tokens on the Solana network.

3. Binance.US | $200 million in seed round financing｜RRE Ventures and others participated in the investment

On April 6, Binance.US completed a seed round financing of over US$200 million at a valuation of US$4.5 billion. This round of financing was participated by RRE Ventures, Foundation Capital, Original Capital, VanEck, Circle Ventures, Gaingels, and Gold House. The financing will be used to expand the spot platform, launch new features and products, etc.

4.Sky Mavis | Financing 150 million US dollars｜Binance led the investment

On April 6, Sky Mavis, the parent company of Axie Infinity, completed a financing of US$150 million, led by Binance, and participated by Animoca Brands, a16z, Dialectic, and Paradigm.

This financing will be combined with Sky Mavis balance sheet funds to ensure that all users affected by the "Ronin Validator Hack" hack are compensated.

5. SenseiNode | $3.6 million in seed round financing｜Borderless Capital led the investment

On April 7, SenseiNode, a Latin American blockchain infrastructure company, announced the completion of a $3.6 million seed round of financing. This round of financing was led by Borderless Capital, and the specific financing information has not yet been announced. SenseiNode CEO Pablo Larguía said that over the past six months SenseiNode has tested its service and deployed 50 nodes and 11 blockchains, including Ethereum, Algorand, Solana, Polkadot and Avalanche.

6.Joyn | $3.5 million in seed round financing｜IOSG Ventures led the investment

On April 8, Joyn, a Web3 media collaboration platform, completed a $3.5 million seed round of financing led by IOSG Ventures and GBV Capital, with Protocol Labs, ConsenSys, Axia8 Ventures, LongHash Ventures, Bixin Ventures, Akatsuki Entertainment Technology, Signum Capital, and Kinsa Durst ( Republic Crypto), Sandeep Nailwal (Polygon), Geoff Renaud (Invisible North), Calvin Chu (Impossible Finance), Travis Wu (Highstreet), TN Lee (Pendle Finance), Mohak Agarwal (Claystack), Keith Rumjahn (OliveX) and other angels Investors participate.

This round of financing will be used to expand the scale of the platform and fund community development. Joyn provides creators with project management blueprints, Web3 technology solutions, and talent, team, and community incubation services. Creators and community members can co-create, share and develop their works on the Joyn platform.

【DeFi】

7.Parallel Finance | Strategic financing of 5 million US dollars ｜Coinbase and others participated in the investment

On April 5, the lending agreement Parallel Finance announced the completion of strategic financing of US$5 million at a valuation of US$500 million. This round of financing was participated by Coinbase, StarkWare and Section 32.

Yubo Ruan, CEO of Parallel Finance, said that in the second quarter, Parallel Finance plans to conduct B-round financing in two rounds, each with 20 million to 30 million US dollars, and the valuation has not yet been determined.

8. GOGO Protocol | Financing 2 million US dollars ｜ Shima Capital and others participated in the investment

On April 7, GOGO Protocol, an open-source DeFi protocol for asset management and savings, announced the completion of a US$2 million financing. This round of financing was participated by Shima Capital, Digistrats, etc. This round of financing will be used to expand users and accelerate mainstream adoption.

9. Investin | $1.2 million financing ｜GSR led the investment

On April 8, Investin, the Solana ecological decentralized asset management agreement, announced the completion of US$1.2 million in financing. GSR and 3KVC led the investment, and Big Brain Holdings, Norbert Bodziony (Synthetify) and Wojciech Cichocki (Invariant) participated in the investment. The financing will accelerate the platform's expansion plans, including the development of new features such as structured products, options, futures and AMM pool liquidity, and expand its user base from the crypto space to larger markets.

【GameFi】

10.M² | Financing 150 million US dollars ｜ a16z and other leading investors

On April 7, the blockchain game company Improbable announced that its new project M² has completed an independent financing of US$150 million, led by a16z and SoftBank Vision Fund, and the post-investment valuation of M² is US$1 billion. Improbable Worlds is one of the best-funded European video game startups in recent years, having raised $550 million over a 14-month period starting in 2017, reaching a valuation of $2 billion. M² is an independent entity, and the funds raised will be used to develop the video game based on blockchain and Metaverse technology.

11.ISKRA | $34 million in seed round financing ｜Krust Universe leads the investment

On April 7, ISKRA, the Web3 game community platform, announced the completion of a US$34 million seed round of financing, led by Krust Universe, an investment arm of South Korean technology giant Kakao, and participated by WeMade, MetaBora, Neowiz, NHN Bigfoot, Fast Ventures, Liberty Investment, and Kakao Ventures. cast. ISKRA is currently developing a blockchain-based gaming platform for P2E games where players can earn rewards through games.

12.Community Gaming | A round of financing of 16 million US dollars ｜ SOFTBANK and other leading investors

On April 7th, Community Gaming, a P2E gaming e-sports platform, announced the completion of a US$16 million Series A round of financing, led by SB Opportunity Fund under SoftBank Group, with Animoca Brands, Binance Labs, BITKRAFT Ventures, Griffin Gaming Partners, CoinFund, Hashed, Multicoin Capital, Institutions including Shima Capital, Polygon Studios, and ConsenSys Mesh participated, along with angel investors including Axie Infinity co-founder Jeff Zirlin and Yield Guild Games co-founder Gabby Dizon.

Community Gaming hopes to use blockchain technology to create a competitive gaming experience for users from registration to instant payment. This round of financing will be used to expand its platform products. Earn income on the blockchain.

13.Digital Insight Games | Financing $7.5 million ｜Hivemind Capital led the investment

On April 8, Digital Insight Games announced the completion of $7.5 million in financing, led by Hivemind Capital and Griffin Gaming Partners. The Hunt Technology Ventures, RSE Ventures and Signum Growth Investments participated in the investment, and the funds raised were used to produce original blockchain games.

Digital Insight Games hopes to use blockchain and NFT technology to create a user-friendly technology platform that provides free games.

14. DEFY Labs | $3.5 million in seed round financing ｜Animoca Brands and other lead investors

On April 8, DEFY Labs, the developer of the game DEFY, completed a $3.5 million seed round of financing. This round of financing was led by Animoca Brands, OliveX, and Spartan Group, with participation from Polygon Studios, GameFi Ventures, Bixin Ventures, Unanimous Capital, PathDAO, and Play It Forward DAO.

The financing will be used to expand the team, game development, and improve the AR functionality of the mobile app. DEFY asks players to explore physical environments with the help of augmented reality. An alpha version of the mobile app will be available in mid-April.

【NFT】

15. FungyProof | Pre-Seed round of financing $ 1 million ｜ Hypersphere Ventures participated in the investment

On April 9th, CR3 Labs, the development team of the NFT project FungyProof, announced the completion of a $1 million Pre-Seed round of financing. Cadenza Ventures, Hypersphere Ventures, ZMT Capital, Red Beard Ventures, HanDAO, etc. participated in this round of financing. This round of financing will be used to develop more NFT projects and products.

16. The Fabricant | A round of financing of 14 million US dollars ｜Greenfield One led the investment

On April 8, the digital fashion company The Fabricant announced the completion of a US$14 million Series A round of financing led by Greenfield One, with participation from Sound Ventures, Red DAO, Sfermion, Koji Capital, and The Sandbox COO Sebastian Borget.

This round of financing will be used to support and expand The Fabricant's plan to build a "virtual world wardrobe" through its NFT platform, The Fabricant Studio. The Fabricant has partnered with Epic Games and announced new collaborations with NFT communities World of Women and The Sandbox.

17. The Kingdom | $3.6 million in private equity financing ｜Infinity Ventures Crypto and others participated in the investment

On April 8, The Kingdom completed a $3.6 million private placement financing. This round of financing was participated by Infinity Ventures Crypto, Alameda Research, Shima Capital, Newman Capital, Sweeper DAO, 3 Commas, Chiron Partners, SMG and Liquid Lab Ventures.

The financing will be used to continue to complete the development process in the fields of NFT, metaverse, culture and digital art. In addition, the platform plans to release an NFT series in the second quarter of this year.

【DAO】

18. Porter Finance | $5 million in seed round financing｜ParaFi Capital and others participated in the investment

On April 8, Porter Finance, a DAO financial tools platform, announced the completion of a $5 million seed round of financing on Wednesday, with participation from ParaFi Capital, Dragonfly Capital, Nascent Ventures, Buckley Ventures, Robert Leshner, Kain Warwick, Tyler Ward, Joey Santoro, and Sam Kazemian. cast.

Porter Finance is a financial platform built for DAOs, providing financial instruments such as DAO bonds. The platform enables DAOs to use their project tokens as collateral to obtain fixed-rate loans with no risk of liquidation.

About CGV FOF: CGV FOF is a fund of funds from Asia, focusing on investing in Crypto Fund and Crypto Studio. CGV FOF is composed of family funds from Japan, South Korea, mainland China and Taiwan, headquartered in Japan, and also has branches in Singapore and Canada.