As the Fed’s attitude towards inflation is still strong, interest rate hikes and balance sheet shrinking will take away market liquidity, which intensifies short-term risks in the Crypto market. However, the enthusiasm for investing in the Crypto primary market has not been extinguished yet. Judging from the statistics of this week (a total of 18 projects), the number of investment and financing of web3 infrastructure (8) has begun to rise, while the number of investment and financing of NFT (3), GameFi (5), and DeFi (2) projects is still Maintained at the average level. 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 May 16 to May 22, 2022:

【infrastructure】

1. Certora | B round of financing 36 million US dollars｜Jump Crypto led the investment

On May 17, Certora, a blockchain smart contract security analysis company, announced the completion of a $36 million Series B round of financing led by Jump Crypto, Tiger Global, Galaxy Digital, Electric Capital, ACapital, Framework Ventures, Coinfund, Lemniscap, Coinbase, VMware and others participated in the investment.

2. Metatheory | A round of financing of 24 million US dollars｜a16z led the investment

On May 17, Metatheory completed a $24 million Series A round of financing led by a16z, Pantera Capital, FTX Ventures, Breyer Capital, Merit Circle, Recharge Theme Ventures, Dragonfly Capital Partners, Daedalus, Sfermion and Global Coin Research, etc. Participate in voting.

Founded by entrepreneurs including Twitch co-founder Kevin Lin and launched in the third quarter of last year, Metatheory is using the gaming space as its first idea into the Web3 world.

3. CyberConnect | $15 million in Series A financing｜Animoca Brands led the round

On May 17, CyberConnect, a Web3 social networking platform, completed a US$15 million Series A financing led by Animoca Brands and Sky9 Capital.

CyberConnect plans to use the funds to continue building out the protocol, expanding the team and launching new Web 3 projects.

4. Seed Club | Financing $15 million | Multicoin and others participated in the investment

On May 18, the Web3 accelerator Seed Club will complete a financing of US$15 million at a valuation of US$150 million. USV, Multicoin Capital, Placeholder, etc. will participate in the investment. The financing will be used for ecological development.

5. BitKeep | A round of financing 15 million US dollars｜Dragonfly led the investment

On May 18, BitKeep, a Web3 multi-chain encrypted wallet, completed a $15 million Series A financing at a valuation of $100 million, led by Dragonfly, KuCoin Ventures, Foresight Ventures, A&T Capital, SevenX, Matrixport, Bixin Capital, Danhua Capital, Peak Capital, YM Capital and others participated in the investment.

6. NodeReal | A round of financing of 16 million US dollars｜Sky9 Capital led the investment

On May 19th, Nodereal, a Web3 one-stop infrastructure provider, completed a US$16 million Series A financing led by Sky9 Capital.

NodeReal was founded in 2021 and is headquartered in Singapore. It aims to empower developers, innovative Web3 applications and large Web2 applications to explore the blockchain in a scalable solution.

7. Coins.ph | C round of financing 30 million US dollars｜Ribbit Capital led the investment

On May 19, Coins.ph, an encrypted wallet service provider, announced the completion of a US$30 million Series C financing led by Ribbit Capital. Coins.ph mainly provides cryptocurrency, e-wallet and payment exchange services.

8. STG | A round of financing of 3 million US dollars｜Blue Bay Ventures led the investment

On May 19th, STG (Security Token Group) completed a US$3 million Series A financing. This round of financing was led by Blue Bay Ventures, and Blizzard Fund (Avalanche Ecological Venture Capital Fund), Exodus and others participated in the investment.

Security Token Group focuses on building financial infrastructure to support the development of the securities Token industry, helping asset owners use blockchain technology to realize asset tokenization.

【DeFi】

9. iZUMi Finance | Financing $30 million | Cobo and others participated in the investment

On May 21, iZUMi Finance, a multi-chain DeFi protocol, announced the completion of US$30 million in financing, including from institutional investors such as Ivy Venture, Cobo, and Mirana, of which more than US$10 million came from convertible bond financing (Bond Vouchers) in cooperation with Solv Protocol .

10. AFKDAO | $3 million in private equity financing｜AC Capital and others participated in the investment

On May 21, NFT DeFi infrastructure AFKDAO announced the completion of a private placement round of over US$3 million. This round of financing was led by AC Capital, YGGSEA, Hoo Labs, AvocadoDAO, Yunko Association, Youbi Capital, GEMS, Sharding Capital, CryptoVN, Keys Labs, Blokpact, Koi Capital, IOBC, Play It Forward DAO, Lead Capital, SilverFox Foundation, Hot DAO, FishDAO, NFV, WAGMI33, and GMC Capital participated. This round of financing will be used to continue to expand the influence of AFKDAO in Southeast Asia.

【GameFi】

11.FreshCut | Financing $15 million｜Animoca Brands and others lead the investment

On May 18, Polygon-based Web3 game platform FreshCut announced the completion of $15 million in financing. This round of financing was co-led by Galaxy Interactive, Animoca Brands and Republic Crypto. Hashed, SkyVision Capital, Tamarack Global, C2X, Polygon, etc. participated in the investment. This round of financing will be used to continue to develop its short video content platform.

12. Awkay Technologies | Financing $2.5 million | Vendetta Capital led the round

On May 19, game development company Awkay Technologies announced the completion of $2.5 million in financing. The round was led by Vendetta Capital and Icetea Labs, with participation from Animoca Brands, Morningstar Ventures, Bridge Mutual, Momentum6, FomoCraft, GAINS Associates, Paribu Ventures, Cryowar, AU21, ZBS Capital, Good Games Labs, BreederDAO, PolkaCity, RBL Labs, Tuz anye Game Guild, AvStar Capital, Parachain Ventures and Tehmoonwalker participated in the round. Proceeds from the financing will be used for The Unfettered, the company's first AA-rated P2E blockchain game.

13. Azra Games | $15 million in seed round financing｜a16z led the investment

On May 19, chain game studio Azra Games announced the completion of a US$15 million seed round of financing. This round of financing was led by a16z, with participation from NFX, Coinbase Ventures, Play Ventures and Franklin Templeton. Funds from this round will be used to launch its first combat RPG game, "Project Arcanas."

14. Saga | $6.5 million in seed round financing｜Polygon Studios and others participated in the investment

On May 19, Saga, a start-up company focused on developing "exclusive" blockchains for the gaming and entertainment industries, announced the completion of a $6.5 million seed round of financing at a valuation of $130 million. This round of financing was led by Maven 11, Longhash Ventures, Hypersphere, Figment , Polygon Studios, Samsung NEXT, Chorus One, GSR, C2X, CRIT Ventures, Akash Network, Unanimous Capital, Strangelove Ventures, Tess Ventures, Merit Circle, Hustle Fund, Polymer, Zaki Manian, Jae Kwon, Garrette Furo, Alex Shin, Nick Tomaino et al participated in the vote.

Saga can customize a dedicated blockchain for developers to meet their needs, and can be used as a scaling solution for Layer 1 and Layer 2. The company plans to launch a testnet in the next few months and launch the mainnet and token in 2023.

15. Voyage Finance | $1 million in pre-seed round financing｜Delphi Ventures led the round

On May 20th, Voyage Finance, a Web3 game startup, completed a pre-seed round of US$1 million, led by Delphi Ventures, Darryl Wang, head of BlockchainSpace, PathDAO, and DeFiance Capital, Gabby Dizon, co-founder of Yield Guild Games, and founder of Frax Finance Sam Kazemian and others participated in the vote. Voyage Finance mainly provides DeFi services for blockchain game guilds and gamers, and its first partner is the game Crabada on the Avalanche chain.

【NFT】

16. Tally Labs | $12 million financing｜a16z Crypto led the round

On May 18, Web3 media company Tally Labs completed a $12 million seed round of financing, led by a16z Crypto, with participation from Sterling VC, Dapper Ventures, Roham Gharegozlou (Dapper Ventures CEO), Odell Beckham Jr, Allyson Felix, and others. It will be used to expand the decentralized content ecosystem centered on NFT technology.

Original link: https://cointelegraph.com/news/tally-labs-strive-to-expand-decentralized-content-ecosystem-with-12m-funding

17. Pine Protocol | $1.5 million in seed round financing｜Amber Group and others led the investment

On May 18, Pine Protocol, a license-free NFT encrypted lending agreement, announced the completion of a $1.5 million seed round of financing, led by Sino Global Capital, Amber Group, and Spartan Group, with participation from Alameda Research, Shima Capital, Impossible Finance, and Gate Ventures. The new financing will be used to further develop the Pine platform and Pine protocol, and add multi-chain support such as Solana, BNB Chain, Avalanche, and Fantom.

18.UnicornDAO | Financing $4.5 million｜Yuga Labs and others participated in the investment

On May 20, the NFT project UnicornDAO announced the completion of $4.5 million in financing, with participation from the World of Women and Moonbirds NFT series, MoonPay, Polygon, and Yuga Labs.

The project aims to empower women and LGBTQ NFT creators, and this round of funding will be used to advance the work of the DAO, with initial investors getting board seats.

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. CGV FOF includes MetaEstate, EstateTrader, Everland and other brands and companies.