In view of the slowdown in inflation, the BTC market price and other risky assets have seen a short-term rebound recently. From the statistics of this week (8 projects in total), web3 infrastructure projects (4) are still the investment focus of investors, and the investment in NFT (1), Game (2), and DeFi (1) projects The amount of financing slowed 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 15 to August 21, 2022:
【infrastructure】
W3 Storage Lab | pre-seed round of financing $ 3 million | Draper Dragon led the investment
On August 18, W3 Storage Lab, a Web3 decentralized application company, announced the completion of a US$3 million pre-seed round of financing. This round of financing was led by Draper Dragon and OKX Blockdream Ventures, with participation from Lingfeng Capital and others.
W3 Storage Lab jointly developed a distributed storage ecosystem based on the public chain and the next-generation storage protocol cyfs:// to create the infrastructure required for Web3 to be fully decentralized.
Original link: https://www.prweb.com/releases/w3_storage_lab_raises_3_million_in_pre_seed_financing_round/prweb18851660.htm
FOMO Pay | $13 million in Series A financing｜Jump Crypto leads the investment
On August 18, FOMO Pay, an encrypted financial technology company, announced the completion of a US$13 million Series A financing. This round of financing was led by Jump Crypto, with HashKey Capital, Antalpha Ventures, Ab Initio Capital and Republic Capital participating.
FOMO Pay's vision is to become a leading global banking service provider in the fast digital economy, supporting digital payment services including cryptocurrencies, and working closely with regulators offering Central Bank Digital Currency (CBDC) projects.
Original link: https://vulcanpost.com/800167/fomo-pay-raises-us13m-funding-series-a/
Koibanx | $22 million in Series A financing｜Algorand leads the round
On August 19, Koibanx, a Latin American asset tokenization company, completed a $22 million Series A financing led by Algorand, with participation from Borderless Capital, Kalonia Venture Partners, G2, and Innogen Capital. The funds raised will be used to provide blockchain infrastructure facility to establish payment channels for financial institutions expanding operations in Central America. In addition, the company plans to launch a beta version of its low-code platform in December that will allow developers to create financial products on the blockchain, aiming to reach 10,000 developers by the end of 2023.
Original link: https://www.coindesk.com/business/2022/08/18/blockchain-protocol-algorand-leads-22m-investment-round-in-tokenization-firm-koibanx/
.bit | US$13 million Series A financing｜CMB International leads the investment
On August 15th, the Web3 identity protocol .bit announced the completion of a US$13 million Series A financing, led by CMB International, with participation from HashKey Capital, QingSong Fund, GSR Ventures, GGV Capital and SNZ.
According to .bit, more than 38,000 independent addresses have registered more than 110,000 .bit accounts, and have achieved integration with nearly 100 mainstream wallets and Dapps.
Original link: https://blog.did.id/p/bit-raises-13m-series-a-funding-to
【DeFi】
DAM Finance | Pre-Seed round of financing $ 1.8 million | DFG led the investment
On August 20, DAM Finance, Polkadot’s ecological Stablecoin protocol, completed a $1.8 million Pre-Seed round of financing. This round of financing was led by DFG, with participation from Jsquare, Arrington Capital, Ledgerprime, D1 Ventures, 11–11 Capital, and Stacker Ventures. Funds from this round of financing will be used for mainnet development and launch later this year.
Original link: https://medium.com/dam-dprime/dam-finance-closes-1-8-30792fe67bb3
【Game】
Regression Games | $4.2 million in seed round financing｜a16z participated in the investment
On August 16, artificial intelligence game developer and e-sports company Regression Games announced the completion of a $4.2 million seed round of financing. This round of financing was led by New Enterprise Associates (NEA), with Andreesen Horowitz (a16z), BBQ Capital, Roosh Ventures and others participating.
Regression Games is designed to enable players to write code and artificial intelligence to control characters, debug strategies in real time, compete for tournament prizes, and more. Aaron Vontell, founder and CEO of the company, said that they hope to solve the NPC and AI complexity problems encountered in games involving the metaverse, online battles and so on.
Original link: https://venturebeat.com/business/regression-games-raises-4-2m-for-ai-gaming-and-esports/
MatchboxDAO | Financing $7.5 million｜Starkware and others participated in the investment
On August 18, MatchboxDAO, a chain game ecosystem based on Starkware, announced the completion of financing of US$7.5 million. Starkware, Geometry Research, ReadyPlayerDAO, Neon DAO, Road Capital, Formless Gamma and Bonfire Union participated in this round of financing. This round of financing will be used to develop two core products of MatchboxDAO: Matchbox Spark and Matchbox Studios.
Original link:
https://decrypt.co/107638/matchboxdao-raises-7-5m-build-chain-gaming-starknet
【NFT】
Tessera | A round of financing of 20 million US dollars | Paradigm lead investment
On August 18, Fractional, the NFT fragmentation protocol, announced that it had changed its name to Tessera, and had completed a US$20 million Series A round of financing. This round of financing was led by Paradigm, with participation from Uniswap Labs Ventures, Focus Labs, eGirl Capital, and Yunt Capital.
Tessera plans to launch its v2 platform by October. Additionally, Tessera will explore Layer 2 scaling solutions to reduce transaction fees.
Original link: https://decrypt.co/107652/fractional-rebrands-raises-20m-expand-collective-nft-ownership
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.
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