Crypto VCs investment, 3rd week of March-2022 (3.13–3.19)
I plan to cover crypto VC investment weekly basis. VC coverage is varied, but almost every exchange VC are included and top-tier/second-tier VCs are covered.
I refered mainly dove metrics, but the other sources are refered too. I do not cover every VCs involvement, just VCs that I think good enough.
How many projects good VCs invested at last week? 27 projects completed funding round.
How much money was inject to these projects? $1B.
What project got the biggest money? Consensys get $0.45B
On sectors
I made 6 categories, if anyone have better idea about category segment plz tell me I am fully ready to hear. I will write projects in order of funding amount.
Defi
6 projects: Treehouse, Moonwell, Wombat, Float Capital, Sturdy, Prime protocol
Treehouse: Defi portfolio analytics platform. Funded by Binance, Bybit, Jump Capital, GSR, Wintermute and Do Kwon.
Moonwell: Moonbeam-based lending/borrowing protocol. Funded by Arrington XRP Capital, WoodStock fund and NFR
Wombat: BSC-based stablecoin swap with single stablecoin staking (no LP farming). Funded by Animoca, Binance Labs, BNB chain, GSR,
Float Capital: Decentralized derivative (future) protocol. Funded by Alameda Research and MetaCartel Ventures.
Sturdy: FTM-based interest-free stablecoin lending/borrowing protocol. Funded by Pantera Capital, Y combinator and SoftBank
Prime protocol: Defi portfolio management protocol. Funded by Arrington XRP Capital and Jump Capital.
Cefi
2 projects: Hex Trust, Finblox
Hex Trust: One-stop custody solution. Funded by Animoca Brands, TERRA, Ripple, BlockFi, CoinList seed and Wintermute.
Finblox: Cefi for earning crypto yield. Funded by Sequoia Capital, 3AC, Dragonfly Capital.
NFT
2 projects: Magic Eden, LiveArtX
Magic Eden: Solana NFT marketplace. Funded by Paradigm, Sequoia Capital and Solana Capital.
LiveArtx: Premium NFT platform bridging web3 and artists. Funded by Animoca Brands, KuCoin Labs, Alameda Research, BNB chain, OKX and Huobi.
Game
10 projects: Delysium, Angelic, Crypto Unicorns, Eizper Chain, Third Time, AFAR, JoyRide, C2X, Ultiverse, metaENGINE
Honestly I don’t know how to analyze game projects. This requires specific skill sets, I just want to emphasize the VCs are making huge capital input to game sector.
DAO
1 project: Coinbooks
Coinbooks: Accounting tool for DAOs. Funded by Multicoin Capital and Y combinator.
Infrastructure
6 projects: Consensys, Optimism, Mina Protocol, Gauntlet Network, Ponto, CoinRoutes
Consensys: Blockchain infrastructure (metamask and infura) company. Funded by Microsoft, SoftBank and ParaFi.
Optimism: Ethereum L2 protocol. Funded by Paradigm and A16z.
Mina Protocol: Lightest blockchain L1 using ZK technology to lower block size. Funded by FTX, 3AC, Circle and Pantera Capital.
Gauntlet Network: Simulation platform for building blockchain. Funded by Polychain Capital and Paradigm.
Ponto: Trading infrastructure for enterprises. Funded by Polychain Capital.
CoinRoutes: Crypto trading software provider. Funded by Galaxy Digital and GSR.
Implication
- VCs are crazy to invest games sector.
- ZK technology for L2 is future
- Defi analytics protocol
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