Overview of Fundraisings of the Week
Top 10 Fundraising Events
Indian crypto exchange CoinDCX tops $2 billion valuations in new $135 million funding.
Dream Capital Leads $120M Investment in Cricket NFT Platform Rario
Aura FAT Projects Acquisition Corp. Announces Closing of Initial Public Offering and Exercise of Full Over-Allotment Option
CertiK Closes $60M Round, Raises Total of $148M in 2 Weeks
Blockchain analytics company Flipside Crypto raises $50 million
Ethereum-focused BlockApps raised $41 million to expand into enterprise blockchain space
Decentralized identity startup Spruce raises $34 million in funding round led by a16z
Ethereum scaling project Scroll raises $30 million from Bain Capital and others
Samsung Throws In $25 Million In South Korean Metaverse Startup DoubleMe
Live Bash raises $21M, plans to revolutionize performance industry with blockchain tech
Fundraising Trend
DeFi
Weekly TVL
Gross: ⬆️ $261.1B
Top 3 Apps: Curve ⬇️ ($20.98B), Anchor ⬆️ ($19.17B), AAVE ⬇️ ($19B)
Top 3 Chains: ETH ⬇️ ($144.76B), Terra ⬇️ ($32.02B), Avalanche ⬆️ ($16.42B)
Top 7D Change 📈: Earn interest, borrow assets, and build applications-AAVE V3 (+3606%, $5.6B)
DeFi News
[Polygon Supernets] Polygon announces Supernets, dedicated, scalable blockchains that aim to ignite mass adoption of Polygon and Web3.
[Phantom Android Live] Popular Solana wallet Phantom is now available for Android users.
[Optimism New Chapter] Optimism published an article summarizing past achievements and hinting at a potential token launch.
NFT
Key Metrics
7D SALES: $930,387,463
7D CHANGE IN SALES: 22.46%
7D NUMBER OF SALES: 243,366
NFT News
Apr. 24, BAYC metaverse The Otherside is set to drop on Apr. 30.
Apr. 21, Injective Pro launches the first BAYC NFT floor price perpetual market.
Apr. 20, Coinbase launched the beta version of its NFT marketplace.
Apr. 19, NFT project Art Blocks partners with the world-famous Venice Biennale.
Apr. 19, Dolce & Gabbana is partnering with NFT collection inBetweeners for a new drop.
Apr. 14, Louis Vuitton is set to release new NFTs through its Louis: The Game app.
GameFi & Metaverse
[Axie Infinity launched Axie Infinity Builders Program] Axie Infinity launched a program to provide in a total of $400k grants and other resources to P2E projects and their community. Recently, the №1 GameFi project has suffered from revenue decreasing and the Ronin hacking event, its popularity seems to fall under than StepN, Crabada, and CloneX, etc., Let’s look forward to the news update from their land gameplay mechanism, and hopefully, Axie and Sky Mavis will bridge more games to the community.
[Sandbox integration with Polygon] Sandbox announced in preparation for all LAND to automatically migrated to the new LAND smart contract on Polygon to optimize gas fees consumption. The Sandbox has kept its pace racing Web 2.0 brand awareness into its Virtual Branding, following its successful Season 2 alpha community, it has announced partnerships with MTR Corporation, Slipknot, and Knotfest.
[Yuga Lab’s New Game] Yuga Lab announced a new game/metaverse project, Otherside will be released on April 30th, at 12 pm EST. The trailer they revealed in March hinted that Otherside will have many IP involvements including BYAC, CryptoPunk, MAYC, World of Women, Cool Cat, and Pepe the frog. The trailer came right after the Apecoin was launched and it clearly manifested Yuga Labs' ambition of having the most valuable NFT plots in one Metaverse.
[One Republic x. BAYC] Almost flopped band One Republic announced on Twitter that their lead singer, Ryan Tedder teamed up with Kygo to create a metaverse band for their Bored Apes, named Bored Brothers. However, their NFT release on Sound.XYZ has little attraction as they sold 299/300, only generating 57 ETH in sales.
[Louis Vuitton is racing into Metaverse] Louis Vuitton is at its best to grasp technology innovation to leverage its brand awareness, following its push for a virtual brand ambassador, it released its mobile game, Louis: The Game, to allow users to search through exclusive “NFT” through games and puzzles.
[Hermes planning for Metaverse] Hermes, the brand that emphasizes on craftsmanship has revealed by CEO, Axel Dumas, that they are considering adopting metaverse for communications.
[Marni launched metaverse Platform] “WearWeAre” is launched by the Italian Luxury Brand, Marni and the brand plans to release their Spring/Summer 2022 through the platform. The Brand is planning to add an entire business line to develop the game and metaverse-related products.
[Budweiser released Budverse] Budwiser.beer.eth’s metaverse trademark is not just for the hype! It has officially launched its 2022 roadmap named “Budverse”, suggested events such as FIFA World Cup x. Budverse, Virtual Clydesdales, D.Wade x. Budverse, Beer.eth Merch, Beer Day Airdrop, NFT Beerfest, Tom Sachs Rocket Factory Launch, Beer.Eth ENS Domain.
DAO
[Gnosis Safe is here] GnosisDAO‘s proposal to spin off Gnosis Safe and launch SAFE tokens has been passed. The $Safe token will be distributed as follows: 15% will be allocated to the ecosystem, 5% will be allocated to the Safe Foundation, 5% will be allocated to core contributors, 15% will be allocated to the Safe Foundation, 5% will be allocated to the ecosystem, 5% will be allocated to the users and the rest will be to the community treasury pool.
[Nation3 Airdrop] The Web 3.0 Virtual Nation initiated by the co-founder of Aragon, Luis Cuende, is now available for airdrop. the $NATION is currently valued at $3500 and is available for staking to veNation and privileged to mint non-tradable Nation DAO NFT.
[Justin Sun called for Tron DAO Reserve] Justin Sun made an announcement through an open letter to the community regarding the establishment of TRON DAO Reserve, that in order to sustain TRON’s exchange rate with decentralized stablecoin, the reserve will preserve $10B of high liquidity assets raised and to act as the last resort of $TRON. TRON is in the middle of launching its decentralized algorithm stablecoin USDD on May 5, 2022.
Regulation and Adoption
Apr 17: (🇮🇪) Ireland to ban cryptocurrency donations to political parties, alleging foreign interference.
Apr 18: (🇦🇺) Australia will list its first Bitcoin ETF next week.
Apr 20: (🇷🇺) The Treasury Department’s Office of Foreign Asset Control(OFAC) has added Russian crypto mining company BitRiver to its sanction list, citing its connection to the Russia economy.
Apr 21: (🇧🇸) The Bahamas government will allow tax payment by cryptocurrency and enable access to cryptocurrency using its CBDC Bahamas sand dollar.
Macro
- Stock markets lowered while pricing an almost likely hike in May of 50bps, forecasting more than 8 hikes by the end of the year.
- US stock market lowered this week with S&P500 down 2.60% while tech-heavy NASDAQ down 3.60%. VIX had an intense week, climbing by 18.68%.
- The latest data from the IMF shows a projected 3.6% global growth between 2022 and 2022, 0.8% and 0.2% lower than projected in January.
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