Overview of Fundraisings of the Week
Reddit’s Ohanian, FTX Ventures Join $54M Raise in NFT Project Doodles
Portofino Technologies Announces $50 Million Investment to Build Financial Infrastructure Technology to Power Digital Asset Adoption
Blockchain Startup Diamond Standard Raises $30M to Fund Expansion
Goldsky raises $20M to bring real-time, on-chain data to crypto companies
JPMorgan Backs $20M Round for Blockchain Infrastructure Startup Ownera
Metaverse Magna raises $3.2M at a $30M valuation to build Africa’s largest gaming DAO
Indonesian crypto exchange Reku grabs $11M led by AC Ventures
Thirdwave Launches Out of Stealth with $7M Seed Round Led by Framework Ventures
Arpeggi Labs banks a16z funding to build web3 music software
Infinity Exchange Raises $4.2 Million Seed Round To Accelerate Institutional DeFi and Create the Next Trillion-Dollar Market
Blockchain Primary Market Fund Raised Trend
DeFi
Weekly TVL
Gross: ⬇️$52.36B
Top 3 Apps: MakerDAO ⬇️($7.17B), Lido ⬇️($5.78B), AAVE ⬇️($5.36B)
Top 3 Chains: ETH ⬇️($29.8B), TRON ⬇️($5.33B), BSC ⬇️($5B)
Top 7D Change 📈: Non-custodial protocol on Ethereum — Euler(EUL) (+17%, $271.13m)
DeFi News
[Aztec Integrates Yearn] Private rollup Aztec integrates Yearn, allowing users to send transactions privately to Yearn’s DAI and ETH vaults.
[ETHPoW Mainnet Live] The Ethereum PoW fork chain went live after the Merge. Users can connect to the mainnet using the above information.
[USDT Launches on NEAR] Tether announces the launch of USDT on the NEAR blockchain, making NEAR the 13th chain that USDT launches on.
NFT
7D SALES: $115,417,310
7D CHANGE IN SALES: -10.34%
7D NUMBER OF SALES: 1,451,983
NFT News
Sep. 16, OpenSea partners with Icy.tools, Curio Tools and Proof to launch NFT rarity standard OpenRarity.
Sep. 15, Ethereum’s last proof-of-work block was minted as an NFT.
Sep. 14, NFT marketplace Rarible integrates with Immutable X to bring gasless NFTs to platform.
Sep. 13, Reddit raises $54 Million led by Reddit’s Ohanian at a valuation of $704 Million.
Sep. 12, Starbucks to offer NFT-based loyalty program on Polygon.
GameFi & Metaverse
[Funverse capital committed to investing up to $10M in Hubgame] Funverse has announced that it will invest up to $10M in Hubgame. Hubgame will be home to 50 NFT games where members can play, earn, and trade seamlessly and effortlessly across the games. With the huge fund raised from Funverse, they are confident in completing the infrastructure to build up a bold blockchain platform for future development.
[Adaverse invests in blockchain platform, Diagon Studios, to advance Cardano Web3 adoption] Adverse, a Cardano-focused joint accelerator venture, has announced a strategic investment in Diagon Studios, a Nigerian gaming technology company focused on the development and distribution of hyper-casual games, utility, and NFTs through simple play-to-earn models.
[Inery acquires investment from Metavest at $128M valuation] Inery, a decentralized data management system, has secured an investment from web3-focused blockchain VC firm Metavest at the valuation of $128m. Through this funding, Inery aims to expand its use cases — particularly in GameFi, where the company seeks to explore the full potential of the booming gaming industry with verified digital ownership of assets.
[RevoLand launches the first e-sports Gamefi 2.0] RevoLand is a newly established blockchain-based multiplayer online battle arena game. In the recent development, the company has expanded its services by launching E-Sports in the GameFi ecology. RevoLand focused on the functional construction of game diversity. RevoLand introduced the e-sports mode into GameFi for the first time, opening the GameFi 2.0 era.
[YGG Japan agrees with KryptoGO and IVC to develop and offer wallets specializing in web3 games] YGG Japan, which has an exclusive partnership with ForN, announced that KryptoGO and Infinity Ventures Crypto to jointly develop a wallet dedicated to GameFi users. YGGJ believes that in order for more users to experience the fun of blockchain games, it is imperative to lower the barriers to starting a game as much as and as easily as possible.
[Kondux web3 design lab joins NVIDIA Inception] Kondux announced it has joined NVIDIA Inception, a program designed to nurture startups, revolutionizing industries with technology advancements. The hardware and software related to NVIDIA Omniverse will provide the tools needed to implement advanced API connections for the creation of interoperable 3D assets, manufacturing models, and machine learning applications.
[The ‘Sandbox’ to develop metaverse city in Dubai] Animoca’s brand, the Sandbox announced during the 62nd edition of the ‘True Global Ventures Conference’ that it will be bringing its metaverse strategy to Dubai. Animoca Brand’s Dubai-themed metaverse will mirror Sandbox’s Hong Kong ‘Mega City,’ a gaming metaverse and virtual cultural hub based on the Asian financial hub of Hong Kong.
[Epic Games releases its first NFT game: Blankos Block Party] Epic Games announced the official launch of Blankos Block Party on its Game Store, making it the first NFT game to be included in the platform’s Marketplace. The most attractive thing about this shooter game is the NFT characters and accessories, which can be traded in the in-game store.
DAO
[Ethereum successfully transitioned to POS] Now the network participation rate is at 99.2% and associated energy consumption fell 99% as expected. Not only proof-of-stake changed fundamentally how the protocol reach common ground, with the help of EIP 1559, it also pump the protocol to deflation mode when gas is over 15 Gwei. Furthermore, the fall of energy consumption also transitioned to other PoW chains, according to data, ETC hashrate surged to 202 TH/s, ETH pow hashrate raised to 31TH/s from nothing and Ravencoin doubled its hashrate.
[TreasureDAO raised $3.5M by token sale ] TreasureDAO proposed TIP-16 to seek community members’ approval to sell 14M of $Magic at 30% off with 1-year cliff and 2-year vesting to the investors in this round. Secondly, use $1M of the raised funds to invest in gFLY tokens to bind a strong partnership with BattleFly.
[ApeDAO new proposal: Ape worlds: Shooter Edition] Shooter Mode is to build a third-person shooter game for Ape community, the timeline to develop the game is 4 months, and the allocated cost is estimated to be $1.03M
[Core developer revealed that ENS will be releasing its name wrapper testnet in a week] The name wrapper is a smart contract that wraps the ENS to ERC1155 tokens and enables users to have more versatile control over their ENS.
Regulation & Adoption
- Sept 12 (🇺🇸) MicroStrategy seeks to sell 500M USD of stock to fund Bitcoin Purchases.
- Sept 12 (🇸🇨) Huobi to delist Monero and other privacy coins, making a statement on regulatory concerns.
- Sept 13 (🌍) Swift launches blockchain pilot for corporate actions data.
- Sept 14 (🇸🇬) SBI’s Digital Asset Arm has been granted a license by Singapore’s Financial Authority “Arm”.
- Sept 15 (🌍) Ethereum Merge Goes Live.
- Sept 16 (🇺🇸) US Treasury sanctions 5 crypto addresses connected to Russian Paramilitary groups.
- Sept 16 (🇺🇸) SEC has sued two (2) crypto advisory firms for “allegedly misleading investor funds”.
- Sept 16 (🇪🇺) European Central Bank (ECB), selected Amazon as the company that will develop the Euro e-payments system.
Macro
- Bank of Russia to slash its key rate from 8% to 7.5%.
- Egypt to adopt the Russian Ruble in the tourist sector.
- US PPI 8.7% YoY, below expectations. Core CPI surprised to upside, growing 8.3% vs 8.1% estimated. Initial jobless claims came near 213,000 (vs 226,000 estimated), with the prior month getting revised lower to 218,000.
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