VC Roundup: Animoca leads NFT3 raise, Arca launches NFT fund and Alexis Ohani...
Hartmann Capital has also launched a new metaverse fund and Solana NFT marketplace aggregator Hyperspace raised $4.5 million. Venture capital funding in the cryptocurrency market is showing no signs of slowing, as major investors continue to back promising startups in niche industries spanning the metaverse, nonfungible tokens (NFTs) and GameFi. Cointelegraph’s new series, VC Roundup, provides a rundown of some of the biggest funding stories of the past few weeks. To stay informed on the latest developments from the world of blockchain business, be sure to register for our Crypto Biz....
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Venture capital firms allocated $25.2 billion towards blockchain and cryptocurrency projects in 2021, the highest on record. American venture capital firm Sequoia Capital has launched a new cryptocurrency fund as part of its ongoing efforts to bootstrap the next generation of promising crypto-focused startups.Bloomberg reported Thursday that Sequoia is allocating up to $600 million towards the new sector-specific fund. Shaun Maguire, a partner at Sequoia, described crypto as a “megatrend over the next 20 years” and called it “the future of money.”The new crypto fund is part of three new....
Venture capital from Pantera, Coinbase Ventures, Alameda Research, ConsenSys and Crypto.com is making its way to Web3 projects. Despite extreme volatility in the price of crypto assets, venture funds continue to make strategic investments in the industry. In recent weeks, the focus has shifted to infrastructure developers in Web3, play-to-earn and GameFi — nascent industries that still have significant upside ahead.Cointelegraph’s latest VC Roundup provides a rundown of funding stories that didn’t get front-page coverage but still generated significant interest from the venture capital....
The Graph launched its mainnet in December 2020 and is already being used by leading DeFi protocols and EVM-centric chains. Blockchain data indexing protocol The Graph has launched a $205 million ecosystem fund to lure new developers to its platform, offering further evidence that venture capital firms were still keen to support growth funds centered around decentralized applications.The ecosystem fund was financed by Digital Currency Group, Multicoin Capital, Reciprocal Ventures, Gumi Cryptos Capital, NCG and HashKey. The fund’s stated purpose is to accelerate the growth and development....
According to a recent report, the venture capital firm founded by Alexis Ohanian, Seven Seven Six, is planning to raise $177 million for a new crypto-centric fund. The new Seven Seven Six fund called Kryptós will concentrate on investing in cryptocurrencies like bitcoin and ethereum.
Seven Seven Six Launches Cryptocurrency Fund Kryptós — Plans to Go Live in October
On August 29, 2022, The Information reporter Kate Clark published a report that noted Reddit co-founder Alexis Ohanian’s Seven Seven Six is raising money for a new crypto-focused fund called....
Asset management firm Arca has announced Wednesday the closure of a $10 million Series A round of funding led by RRE Ventures. Read more: Arca Labs Launches Ethereum-Based SEC-Registered Fund