Investors have scaled back their exposure to cryptocurrencies due to macroeconomic pressures and concerns about cryptocurrency valuations and stablecoins. According to the statistics of this week (7 projects in total), Web3 infrastructure projects (3) are still favored by investors, and the investment and financing of NFT (2), GameFi (1), and DeFi (1) projects The number has dropped significantly. CGV and Cointelegraph Chinese 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 July 25 to July 31, 2022:

【infrastructure】

1. Aptos | $150 million financing｜FTX Ventures led the investment

On July 25, Aptos, a public chain project founded by former members of Diem’s team, completed a $150 million financing led by FTX Ventures and Jump Crypto. Other investors included Griffin Gaming Partners, Franklin Templeton, Circle Ventures, and Superscrypt.

2. Nas Academy | Financing $12 million | FTX Ventures and others participated in the investment

On July 27, Nas Academy, a Singapore-based Web3 education start-up company, announced the completion of US$12 million in financing, led by BECO Capital and PitangoVenture Capital, and participated by FTX Ventures, HOF Capital, and two angel investors, Nikhil Kamath and Jack Conte.

Nas Academy aims to build a Web3 training service based on the educational creator community. It has previously reached training and course learning partnerships with encryption and blockchain companies such as Axie Infinity and Alchemy, and launched a series of Web3 and content creation-related educational content.

3. Coinfeeds | $2 million in seed round financing | FTX and Coinbase participated in the investment

On July 28, the Web3 data platform Coinfeeds received USD 2 million in seed financing. FTX Ventures, Coinbase Ventures, Protocol Labs, Huobi Ventures and Y Combinator participated in this round of financing.

Coinfeeds emphasizes the social attributes of Web3, and helps users gain insight into projects by monitoring the social media popularity and activities of Web3 and NFT projects.

【DeFi】

4. Quasar Finance | Financing $6 million｜Polychain Capital and others participated in the investment

On July 28, Quasar Finance, a Cosmos-based DeFi investment platform, completed $6 million in financing. Polychain Capital, Blockchain Capital, Figment Capital, Lightshift Capital, and Galileo participated in this round of financing. Quasar Finance aims to create a series of accessible structured investment products in the DeFi ecosystem.

【GameFi】

5. Players' Lounge | $10.5 million in Series A financing｜Griffin Gaming Partners led the investment

On July 30, the P2E game Players' Lounge announced that it has completed a US$10.5 million Series A financing, led by Griffin Gaming Partners and Comcast Ventures, Samsung Next, Vice Ventures, WndrCo, Sharp Alpha Partners, True Capital, NFL superstar Myles Garrett, Josh Norman and Breanna Stewar also participated in the vote.

Players' Lounge helps players earn money playing AAA video games without competing with each other.

【NFT】

6. Unstoppable Domains | A round of financing of 65 million US dollars | Pantera Capital led the investment

On July 27, Unstoppable Domains, an NFT domain name service provider, completed a US$65 million Series A round of financing, led by Pantera Capital, with participation from Mayfield, Gaingels, Alchemy Ventures, Redbeard Ventures, Spartan Group, OKG Investments, Polygon, CoinDCX, CoinGecko, etc. At a post-money valuation of $1 billion, the funds raised will be used to reduce friction in crypto payments between different applications and build a reputation-based rewards program.

7. Trustless Media | $3.25 million in seed round financing｜Alameda Research led the investment

On July 27, Trustless Media announced the completion of a $3.25 million seed round of financing, led by Alameda Research, with participation from Ava Labs and Red DAO. Trustless aims to cooperate with content creators to help them use NFT to tokenize programs, and holders can obtain permission to watch threshold content and participate in program production through on-chain voting.

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.