Crypto Industry April Investment and Financing Report: GameFi Most Popular with Capital
Crypto Industry April Investment and Financing Report: GameFi Most Popular with Capital
Since April, the wealth effect of each segment of the crypto market has also started to wane and the market sentiment is slightly cooler, but there are still new hotspots rotating in the crypto market and capital is still entering. As seen from the investment and financing in April, GameFi and NFT infrastructure, DeFi application of public chain ecology are still hot spots, and GameFi has the most financing events, especially the competitive games of sports, P2E games and guilds are the hot choices of capital.
Regarding the investment and financing of the NFT segment, it is more focused on NFT infrastructure, such as NFT lending, NFT casting platform, NFT trading facilities, and not much on NFT projects. the financing of the DeFi segment is more focused on new applications, especially in the lending track of unsecured lending applications, cross-chain infrastructure.
This issue of DeFi Honeycomb will comb through the investment and financing of DeFi applications in GameFi, NFT infrastructure, and public chains.
- Lending Circuit
Unsecured Lending Agreement Masa Finance
On May 4, Masa Finance, a decentralized lending protocol, closed a $3.5 million seed round of funding. Masa Finance will be built on the Celo and Ethereum public chains, and the platform has two lending products, NFT secured lending and unsecured lending, NFT secured lending supports NFT assets as collateral for loans, and unsecured lending will be based on users' DeFi credit score to provide unsecured loans.
Fixed Rate Lending Agreement MYSO Finance
On April 29, lending protocol MYSO Finance closed a $2.4 million seed round with participation from Huobi, Nexo, HashKey and others. MYSO Finance aims to build a clearing-free, fixed-rate lending platform.
Mortgage lending platform Oasis.app
On April 15, DeFi lending platform Oasis.app closed a $6 million Series A round of funding led by Libertus Capital with participation from Road Capital, 1inch co-founder Sergej Kunz and others. oasis.app is a decentralized lending platform embedded on MakerDAO, where users can pledge crypto assets such as ETH, WBTC and LP as collateral to borrow stablecoin DAI.
Peer-to-Peer Lending Protocol RociFi Labs
On April 12, RociFi Labs, a peer-to-peer lending protocol, closed a $2.7 million seed funding round. RociFi aims to provide zero-collateral loans by using borrowers' established DeFi positions to determine lender creditworthiness.
- Cross-Chain Infrastructure
Cross-chain interoperability protocol Nomad
On April 13, Nomad, a cross-chain interoperability protocol, closed a $22 million seed funding round led by Polychain. Nomad is a cross-chain communication protocol built with Optimistic Rollups verification technology that enables assets to arrive instantly when crossing chains.
Bridge Network, a one-stop cross-chain service platform
Bridge Network aims to become a one-stop cross-chain service platform, supporting not only Token cross-chain, but also NFT asset cross-chain, and tracking multi-chain asset dynamics to achieve one-stop multi-chain asset management. Bridge Network aims to be a one-stop cross-chain service platform that not only supports Token cross-chain, but also supports NFT asset cross-chain, and tracks multi-chain asset dynamics to achieve one-stop multi-chain asset management.
- DEX and other DeFi application boards
Polka Eco Cross-Chain DEX Mangata
On April 28, Mangata announced the closing of a $4.2 million funding round at a $60 million valuation, Mangata is a cross-chain decentralized exchange in the Polka ecosystem.
Decentralized Insurance Protocol Amulet Protocol
On April 28th, Amulet Protocol closed a $6 million seed round led by Gumi Cryptos Capital with participation from Solana Ventures, DeFiance Capital, Animoca Brands, etc. Amulet Protocol is a Solana eco-decentralized Amulet Protocol is a Solana eco-decentralized insurance protocol.
DeFi revenue management platform OndoFinance
On April 27, Ondo Finance, a revenue management platform, closed a $20 million Series A round of funding led by Founders Fund and PanteraCapital, with participation from Coinbase Ventures, TigerGlobal, etc. Ondo Finance is a decentralized revenue management platform that provides multi-level diversified structured products with different Ondo Finance is a decentralized income management platform that offers multi-grade diversified structured products with different risk levels, such as fixed income products and floating income products, allowing users to choose their own investment products based on their risk tolerance.
Centralized trading infrastructure provider 0x Labs
On April 26th, 0x Labs announced the completion of a $70 million Series B round of funding led by Greylock Partners with participation from Pantera, Jump Capital, OpenSea, etc. 0x Labs is a well-known decentralized trading infrastructure provider, mainly providing trading systems, smart contracts, etc. for DEX. Its representative products include 0x protocol and Matcha, a decentralized aggregation trading platform.
Fluidity Aggregator FLUID
On April 14, liquidity aggregator FLUID closed $10 million in funding led by GSR, 21Shares and others. FLUID is designed to provide users with low slippage trading by aggregating decentralized liquidity.
Volt Protocol, an anti-inflation stablecoin project
On April 12, Volt Protocol, an anti-inflation stablecoin protocol, closed a $2 million seed round led by Framework Ventures and Nascent, with participation from Fei Protocol and Rari Capital. Volt Protocol issued a token that tracks the Consumer Price Index (CPI) VOLT, each month Volt's target price is updated according to the inflation rate to guarantee stable purchasing power, this stablecoin is different from previous algorithmic stablecoins anchored with fiat currencies.
Algorithmic Stable Coin Protocol TiTi Protocol
On April 11, TiTi Protocol, an algorithmic stablecoin protocol, closed $3.5 million in funding led by Spartan Group. TiTi Protocol is a decentralized, multi-chain, multi-asset reserve-backed algorithmic stablecoin.
Liquidity Pledge Provider RockX
On April 5, RockX, a liquidity pledge service provider, closed a $6 million Series A round of funding led by Amber Group. The service platform that improves pledge revenue by releasing the liquidity of node pledge assets around the native assets of the POS consensus mechanism block network.
DeFi segment financing, image source: HiveTech
"Play To Earn" (P2E) game GamerGains
On April 26, GamerGains, a P2E game within the Web2 world, closed a $5.8 million seed funding round led by Cadenza Ventures. GamerGains is a play-to-earn game developed within the Solana ecosystem primarily for Internet users, hoping to create a convenient and accessible portal for traditional gamers so that ordinary people can integrate Web3, where players can earn in-game crypto asset rewards using PCs and traditional gaming consoles without having to register a digital wallet.
Star Wars game Apeiron
On April 26th, Chain Game Apeiron closed a $10 million seed round led by Hashed, with participation from DeFiance CapitaL. Apeiron is a card-based planet battling game.
Game aggregation platform ForthBox
On April 25, game aggregation platform ForthBox completed a $1 million seed round of funding, ForthBox is a blockchain game aggregation platform and integrated service provider, where game makers can distribute NFT games on the platform with one click and easily chain traditional games.
Chain tour platform OpenBlox
On April 22, the chain game platform OpenBlox closed a $3 million seed round led by Shima Capital. openBlox plans to launch three games as well as an NFT trading marketplace.
"Ride to Earn" riding project BikeRush
On April 21, BikeRush, a Ride to Earn project, closed $6.5 million in funding led by Negentropy Capital, a ride-and-earn sports game.
P2E role-playing game Elumia
On April 14, P2E game Elumia completed a new round of funding for an undisclosed amount led by Alameda Research and Animoca Brands. Elumia game is a role-playing game developed based on Solana ecology.
Battle Royale game Blast Royale
On April 13, NFT chain game Blast Royale closed a $5 million seed round led by Animoca Brands and Mechanism Capital, a battle royale game built on the Polygon chain in which players equip their characters with NFT items and participate in battle royales. It is known as the blockchain version of Jedi Quest.
Panda game project Paladin Pandas
On April 13, Paladin Pandas, an NFT game project, closed a $4 million round of funding with participation from Future Capital and others, Paladin Pandas is a social simulation game based on the panda image NFT.
Basketball game Swoops
April 13, NFT basketball game Swoops closed $3.5 million in funding led by Courtside Ventures and Alpaca VC, Swoops is an NFT basketball game built on Polygon
City building class chain tour Civitas
On April 12, Chainsmart Civitas closed a $20 million round of funding led by DelphiDigital and Three Arrows Capital. civitas is a community-driven collaborative city-building game.
Gaming community platform Iskra
On April 7, Web3 gaming community platform Iskra closed a $34 million funding round led by Krust Universe. Iskra plans to become the web3.0 gaming platform of choice for players and investors, while integrating a sustainable token economy solution for developers and creating new opportunities for games within the community.
Blockchain soccer game GOALS
On April 5, blockchain soccer game GOALS closed a $15 million seed funding round led by Northzone. GOALS is a competitive multiplayer soccer game developed on NFT.
- Game Guild
YGG Sub-DAO Organization YGG SEA
On April 27, YGG SEA, a subsidiary of YGG, a chain game guild, closed a US$15 million financing round with participation from Animoca Brands and others. YGG SEA is the first sub-DAO organization (subDAO) of Yield Guild Games, which mainly serves gamers and studios in the Southeast Asian community.
YGG sub DAO organization Ola GG
On April 26th, Ola GG, a regional sub-DAO guild of YGG, a chain game guild, closed an $8 million seed round of funding, and Ola GG is a regional sub-DAO guild of YGG, mainly serving the United States, Latin America and other regions.
On April 13, Merit Circle, a chain tour guild, completed a new round of funding led by Binance Labs for an undisclosed amount.
Ready Player DAO
On April 6, P2E gaming guild Ready Player DAO closed $10.2 million in funding led by The Chernin Group. Ready Player Dao supports players to access games and earn assets such as Tokens or NFTs by providing them with the ability to rent gaming assets represented by NFTs.
On April 5th, gaming guild Polemos closed a $1,400 seed round led by Framework Ventures and Delphi Digital. polemos is a P2E gaming guild focused on NFT games, with plans to develop a GameFi learning management system, a decentralized guild asset trading platform, and a educate, track, analyze and manage players with a user analytics platform.
- Blockchain game development company
On April 27, Japanese crypto game startup Double jump.tokyo closed a 3 billion yen funding round led by Jump Crypto and Amber Group, which will be used to develop IP-based blockchain games. double jump.tokyo is the developer of the popular crypto game My Crypto Heroes. It is a role-playing game in which users can trade items and characters as NFT assets to earn cryptocurrency.
Goons of Balatroon
On April 23rd, blockchain game development company Goons of Balatroon closed a $2.46 million seed funding round led by Merit Circle and Jun Capital. goons of Balatroon builds a collectible card game (TCG).
Digital Insight Games
On April 8, blockchain gaming company Digital Insight Games closed a $7.5 million funding round led by Hivemind Capital and Griffin Gaming Partners. The funds were used to develop Web 3 and blockchain technology for use in games.
Chain Game Development Team DEFY Labs
On April 8, DEFY Labs, a chain game development team, closed a $3.5 million seed round led by Animoca Brands and others. DEFY Labs has developed an AR game called DEFY that encourages players to explore the physical environment with the help of augmented reality by setting up hacking missions, with rewards distributed to players in the form of crypto assets and NFTs.
Axie Infinity Development Company Sky Mavis
On April 6, Axie Infinity chain game development company Sky Mavis closed a $150 million funding round, led by Coin, to compensate users for funds affected by the Ronin hack.
GameFi segment financing, image source: HiveTech
Rivermen (River People)
On April 29th, Ponlaii, the parent company of the metaverse project Rivermen, closed a $4.5 million angel round led by Mirana Ventures with participation from SuperChain Capital, HashKey, etc. Rivermen is a homegrown NFT project that created a metaverse game based on Qingming Shanghetu.
Meta-Universe Intermediate Plugin Reitio
On April 26, Reitio closed $4 million in funding for Reitio, a metaverse intermediate plugin designed to make it simple for users to create their own 3D assets within the metaverse.
Metakey, the one-stop platform for the metaverse
On April 26th, NFT project Metakey closed $3.5 million in funding at a $50 million valuation, led by Animoca Brands. Metakey is dedicated to enabling interoperability between different projects, and the Metakey NFT is equivalent to a metaverse world pass, holding it, you are equivalent to having different NFT assets in different metaverse.
On April 8, The Kingdom, a metaverse project, closed $3.6 million in funding with participation from Alameda Research. In The Kingdom Metaverse, people can also visit stores, user housing, public buildings, and experience various digital experiences.
Improbable, a technology services company
On April 7, metaverse technology company Improbable closed $150 million in funding led by a16z and SoftBank. Improbable is a metaverse technology company that provides technology, business model design services and more to metaverse developers.
NFT Foundry Service Platform CXIPLabs
On April 27, CXIP Labs, an NFT casting service platform, closed a $6.5 million seed round of funding for CXIP Labs, a protocol designed to solve common problems in NFT casting, and the funds raised will be used to launch a new product suite for creators, developers and enterprises that allows NFT creators to create new works without extensive coding knowledge and makes it easier for developers to easier to rack NFT between blockchains.
Moonbirds parent company PROOF
On April 26th, PROOF, the parent company of the NFT project Moonbirds, closed a $10 million funding round with participation from 776 Management, the club of the Owl NFT project Moonbirds and a well-known podcast community in the NFT space.
NFT lending platform Flowty
On April 22, Flowty, an NFT lending platform based on the Flow public chain, closed a $4.5 million funding round led by Greenfield One and Lattice Capital. flowty is a peer-to-peer NFT lending platform that supports borrowers to mark up their NFTs on the Flowty marketplace with the desired loan amount, interest rate and term, etc., pending lenders to match.
Female avatar NFT series Boss Beauties
On April 21, NFT series Boss Beauties closed a $4.4 million seed round led by Offline Ventures. Boss Beauties is an NFT project consisting of a series of 10,000 unique comic female avatars.
NFT lending agreement MetaLend
On April 21, MetaLend, an NFT lending protocol, closed a $5 million seed round led by Pantera Capital. MetaLend implements NFT asset lending with a pooling model, where similar NFTs have a lending pool.
NFT portfolio management platform NFTBank
On April 21, the operator of NFTBank closed approximately $12 million in Series A funding led by Hashed. NFTBank is an NFT portfolio management platform that currently supports NFT on the Ether and Polygon (formerly Matic) networks.
Cricket NFT Platform Rario
On April 21, cricket NFT platform Rario closed a $120 million funding round led by Dream Capital. Rario enables fans to engage as a community by casting digital collections of player cards, video moments and cricket artifacts as NFTs, allowing players to take ownership of the artwork of these great moments.
NFT's sales creation platform Mintbase
On April 19, NEAR's eco-NFT infrastructure, Mintbase, closed a $12.5 million Series A round of funding, including a $7.5 million strategic round and a $5 million grant program backed by the NEAR Foundation. mintbase is a platform for creating and selling NFTs built on Near.
Fragmented NFT trading market Dank Bank
On April 2nd, Dank Bank closed a seed class funding round of over $4.2 million with participation from the former Coinbase CTO. dank Bank is primarily focused on Tokenizing well-known NFT pieces in the form of shards to lower the barrier to participation for players.
Terra Eco NFT Trading Marketplace OnePlanet
On April 1, OnePlanet, Terra's ecological NFT trading marketplace, closed a $3.35 million financing round led by Hashed.
Game NFT Trading Market Fractal
On April 2, Fractal, the Solana eco-game NFT marketplace, closed a $35 million seed round led by Paradigm and Multicoin Capital. built by Fractal, the Solana eco-chain-based NFT marketplace supports users' ability to buy, trade and hold any NFT used in blockchain games.
NFT board financing, image source: HiveTech
Creator Community SeeDAO
On April 29, SeeDAO announced that it has closed its Series A funding round at the end of January 2022 at a valuation of $30 million. SeeDAO is a community of creators and an incubator for DAOs to collaborate on blockchain product research, requirements research and product design in the form of a decentralized autonomous organization.
DAO Mortgage Lending Agreement PorterFinance
On April 8, DAO collateralized lending agreement Porter Finance closed a $5 million seed round with participation from ParaFi Capital, Dragonfly Capital and others. Porter Finance supports a number of high-quality DAO organizations to enable their project Tokens to be used as collateral to obtain fixed-rate financing.
Black technology tools
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