Overview of Fundraisings of the Week
Layer one blockchain startup 5ire raises $100 million at $1.5 billion valuation
Gnosis Rebrands as Safe, Raises $100M To Build Multi-Wallet Ecosystem
Animoca Brands Hits $5.9 Billion Valuation As Crypto Winter Deepens
Founders Fund backs Pulley as it helps companies make better decisions about equity
Former Coinbase Executive To Launch Decentralized Social Media Project After Raising $30,000,000 From Investors
MetaWorld Blockchain Receives huge investment from Billionaire Mai Vu Minh
MonkeyLeague Developers Close $24 Million Funding Round
A16z, Variant Lead $18M Round for Lending Protocol Morpho Labs
NFT brand loyalty platform Hang banks $16M from Paradigm
Longtime Bitcoin bull Anthony Pompliano launches crypto hiring firm Inflection Points with $12.6M raise
Fundraising Trend Since the Beginning of the Year
DeFi
Weekly TVL
Gross: ⬆️$83.13B
Top 3 Apps: MakerDAO ⬆️($8.35B), Lido ⬆️($6.34B), AAVE ⬆️($6.03B)
Top 3 Chains: ETH ⬆️($52.63B), BSC ⬆️($6.48B), TRON ⬆️($5.86B)
Top 7D Change 📈: Seamless compounding made for $CRV $CVX maxis — Concentrator (+103%, $104.34m)
DeFi News
[Opyn Launching Crab V2] Opyn now allows V1 users to sign up for early access to the upcoming Squeeth Crab V2.
[Liquity Chicken Bonds] Lending protocol Liquity introduced Chicken Bonds, a bonding mechanism for projects/DAOs to boost liquidity at a low cost.
[Lenstube Live on Polygon] Lenstube, a video streaming platform built on top of Lens protocol and supported by Arweave & Livepeer, is now live on Polygon.
NFT
7D SALES: $160,580,934
7D CHANGE IN SALES: 10.46%
7D NUMBER OF SALES: 1,253,279
NFT News
Jul. 15, OpenSea announces to lay off 20% of their workforce.
Jul. 14, NFT marketplace Rarible integrates Solana blockchain.
Jul. 13, Animoca Brands raises $75 million for “Creating the Open Metaverse.”
Jul. 13, UK court allows serving legal documents to crypto wallets of anonymous people via NFTs.
Jul. 12, GameStop’s NFT marketplace goes live.
GameFi & Metaverse
[Bravo Ready raises $3M for BR1: Infinite Royale NFT game] Bravo Ready has raised $3 million to develop BR1: Infinite Royale, a never-ending battle royale game that uses non-fungible tokens (NFTs). The skill-based game uses a “win-to-earn” model, where players wager money to enter a battle royale match and earn tokens for each kill that they get. The investors include Solana Ventures, 6th Man Ventures, Shima Capital, and Fractal CEO Justin Kan. The funding will be used to accelerate game and software development.
[Amsterdam-based JetLearn bags €1.2M to help kids learn] JetLearn, an Amsterdam-based online academy that helps children learn new-age technology skills, announced that it has secured €1.2M in a Seed round of funding. The oversubscribed round was led by INSEAD Angel Group, with participation from other angel investors, including Humera Afzal and Ritu Narayan.
[Croatia’s digital fashion startup Tribute Brand raises $4.5 million seed round] Croatian digital fashion startup Tribute Brand has raised $4.5 million (4.48 million euro) in a seed round. The round is led by Collab+Currency, followed by Alice Lloyd George (Rogue VC), Lattice Capital, TCG Crypto, Red DAO, Neon DAO, Flamingo DAO, Gmoney, Megan Kaspar and Kanosei Ventures.
[Monopoly Millionaire Game raised $1 million in seed funding] Monopoly Millionaire Game, a marine-themed GameFi that involves island construction, cultivating, shooting and more, announced that it has completed a seed funding of 1 million US Dollar. By this round of funding, MMG was valued at 10 million US Dollar. Mirana Ventures led the seed funding round. Other investors included Kernel Ventures, Mint Ventures, Crypto J, and Ventorylabs.
[GameFi Land of Conquest to list $SLG token on Bybit Exchange after whitelisting and IGO events] Land of Conquest, a blockchain game launching soon in the GameFi space, announced that its $SLG governance token will be listed on the Bybit cryptocurrency exchange on July 19th. Token offering events such as whitelisting by lead incubator PopFun will be conducted last week as well as a limited-offering IGO (Initial Game Offering).
[BNB Chain GameFi project ArchLoot pushes official launch after a successful inaugural quarter] ArchLoot, as a UGC NFT game built on BNB Chain, has expressed its plan for the next phase of closed beta test. Given its inaugural quarterly success in both product and community, ArchLoot now aims to push the schedule of the official launch by accelerating more active technical and marketing efforts.
[Apex Game Studios Founder Tomonobu Itagaki introduces first AAA web3 game title, Warrior] Warrior is an action RPG in which players get to engage in exciting tribal warfare. The game is largely focused on competitive and engaging PvP combat gameplay, drawing heavily from Itagaki’s AAA game development experience.
[MCity launched as a SocialFi project bringing metaverse into life] MCity, a socialFi metaverse project developed on BNB chain and polygon has been launched to bring metaverse into life and vice versa. MCity was created to break down geographical barriers and bring people from all over the world closer together in a place where they can be anyone, go anywhere, and meet anyone.
DAO
[RR/BAYC is determind to defend “freedom of speech” in art in the court case ahead] Ryder Ripps, the founder of RR/BAYC and the journalist who creatored a flim to persude the hidden Nazi identity behind the BAYC team, is facing court case against BAYC for copyright infingement. Ryan told public on a twitter space that he has instructed the lawyers not to settle unless for a payout of upwards of $100 Billion.
[Starknet released tokenomics for decentralized governance] The token is designed for governance, payment of transaction fees on starkNet and participating as nodes in consensus mechanism. Starknet plans to achieve full decentralized and permissionless in 2023.
[Harmony plans to address the hack event in two weeks] In response to the $97.6M asset lost, Harmony plans to share detail strategies with the community in two weeks.
[Aave Dao initiated a proposal to perform a token swap with Balancer DAO] To further strengthen the two communities’ partnership and shared vision Aave is not voting to decide to acquire 200,000Bal for 16907.28 Aave
Regulation & Adoption
July 11 (🇸🇬) Tron founder ready to spend up to $5billion to save distressed crypto firms.
July 12 (🇪🇺) ECB calls stablecoins impractical means of payments in a report. According to the ECB stablecoins “do not meet what is required of practical means of payment in the real economy”.
July 13 (🇺🇸) BitMex postpones listing of its BMEX token.
July 14 (🇺🇸) Celsius files for Chapter 11 bankruptcy. EquitiesFirst owes Celsius $439 Million.
July 16 (🇷🇺) Russia´s President signs bill to ban crypto payments in the country.
Macro
- USD/JPY makes new highs. Japanese PM, Kishida wins the elections.
- EUR/USD falls below parity for the first time since 2002, due to the rising risk of a recession in the EU region, due among other factors to rising oil and gas prices. EUR/USD, falls below dollar parity, for the first time since 2002.
- US inflation rose by 9.1% in June vs 8.8% expected. US 10-year bonds gain 10bps to 3.05%
Follow us on Twitter:
