Web3 Dominance in Cryptocurrency Funding Rounds It is well documented by Cointelegraph Research. In addition to web 3 big money announce Recently, venture capital has also been making smaller and more targeted investments in this sector. In this week’s Venture Capital (VC) report, we chronicle the latest Web3 funding initiatives and draw attention to a retail platform, non-volatile token (NFT) marketplace, crypto banking solutions, and cross-proprietary infrastructure provider.
Gamers, athletes, and content creators support WWVentures
WWVentures, a cryptocurrency investment firm, has raised $15 million for its Web3 fund — putting the company on the right track to invest in decentralized and decentralized finance. blockchain games startup companies. The funding round was backed by a large number of high-profile players, content creators and athletes, including former UFC champion Michael Bisping and Trent Alexander-Arnold of Liverpool FC. The fund will focus exclusively on start-ups that follow a “community first approach” to development and will aid their growth through social capital and community building support.
– Michael (bisping) September 27 2022
Blockchain focused on scalability raises $18.2M
The Sharedeum blockchain based on the Ethereum Virtual Machine has received $18.2 million in seed funding from more than 50 investors, including venture firms Jane Street, The Spartan Group and DFG. Shardeum is a proof of ownership network focused on solving one of the biggest weaknesses of the blockchain: scalability. As the name implies, the platform uses Retail – A kind of database partitioning – to increase throughput capacity. Shardeum claims that its scalability outperforms other Layer 1 blockchains.
Original Avalanche platform raises $6 million to NFT market
Myna Swap, a luxury collectible marketplace that allows users to convert their physical assets into digital twins via NFTs, has raised $6 million in seed funding. Investors include Polygon Studios, Blizzard Avalanche Fund, Spartan Capital and Wave Financial. The platform, which offers trading and jumping services, is geared towards collectors of sports shoes, sports cards and watches and is built on Avalanche blockchain. Myna Swap is slated to release later this year.
Alexis Ohanian Supports Antique In A $7 Million Increase
Web3 co-ownership infrastructure provider Antique has raised $7 million in funding led by Sheva and Alexis Ohanian’s Seven Seven Six venture studio, with additional participation from Pantera Capital, Sound Ventures and Dapper Labs. Antic described co-ownership technology as an emerging concept within the Web3 community that allows companies to more easily create blockchain-based ownership models.
Crypto Banking Platform Closes $18 Million Series A
Web3 banking platform Juno has raised $18 million in Series A funding led by ParaFi Capital, with additional participation from Hashed, Jump Crypto and others. Juno provides a native, encrypted checking account that allows users to more easily transact with their digital assets. After the investment round, Juno plans to expand its product offerings and launch a token loyalty program that will allow users to earn coins for getting paid in crypto or spend digital assets using their Juno Card.
Wintermute Labs leads Zerion’s funding round
Web3 . wallet DeFi pool Zerion closed a $12.3 million Series B funding round led by Wintermute Labs, the investment arm of liquidity provider Wintermute. Zerion will use the funding to further develop its Web3 wallet by integrating advanced data and enabling better cross-chain identity management for Ethereum-compatible blocks. Zerion claims that its trading volume has grown from $47 million in 2019 to more than $1.5 billion.
The growth of the Web3 VC industry is showing no signs of slowing down.
Polygon founder Sandeep Nailwal is the latest to join the party after raising $50 million to create a new startup fund. https://t.co/XqEuvk5PV3
– Cointelegraph August 25 2022
ThirdWeb raises $24 million from venture capital investors
The third web platform for Web3 developers has achieved a whopping $160 million valuation after a Series 1 funding round that raised the company $24 million. Series A funding was led by Haun Ventures and included several prominent investors such as Coinbase Ventures, Shopify, Polygon and Protocol Labs. Founded in 2021, Thirdweb is developing a Web3 infrastructure layer that could enable smoother application development across blockchains.
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