Investment and Financing Weekly | The NFT market is hot, Dapper Labs completes $305 million in financing

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A total of 29 investments and financings occurred in the crypto market this week, of which NFT and DeFi accounted for nearly 50%.

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According to chain news statistics, a total of 29 investment and financing activities occurred in the crypto market between March 27 and April 2.

This week’s investment and financing events are mainly concentrated in the areas of DeFi, NFT and asset management. Although the DeFi market has completed 7 financings, it includes multiple sub-track projects such as lending, fixed income and derivatives transactions, while NFT is a single field Six financings have been completed, and the popularity since the beginning of this year has not diminished.

In terms of institutions, NGC Ventures, a16z, Digital Finance Group, Robot Ventures, DeFi Alliance and other institutions are the most active in the market and have participated in multiple projects this week. The “star effect” is the most obvious among investors in the NFT field. Legendary star Michael Jordan, current star Kevin Durant, and Dallas Mavericks owner Mark Cuban have all participated in the NFT project.

This week’s investment and financing events were mainly concentrated in the seed round and A round, with a total of 13 transactions.

A total of 100 million-level investment and financing events occurred this week, and Dapper Labs, which launched a variety of phenomenal blockchain games such as CryptoKitties and NBA Top Shot, completed a financing of US$305 million. In addition, there were 5 tens of millions of investment and financing events, two of which occurred in the infrastructure sector.

DeFi

DeFi project Gro completes $7.1 million seed round financing, led by Galaxy Digital and Framework

On March 31, DeFi project Gro announced the completion of a $7.1 million seed round led by Galaxy Digital and Framework Ventures. Participants include Variant, Northzone, Nascent, a_capital and 3AC. In addition, individual investors include Aave, Compound and The founder of Synthetix.

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DeFi Lending Agreement Liquity completes US$6 million Series A financing, led by Pantera Capital

On March 30, Liquity, a DeFi lending agreement, announced the completion of a US$6 million Series A financing led by Pantera Capital. Participants include Nima Capital, Alameda Research, Greenfield One, IOSG Ventures, AngelDAO, and angel investors Bo Shen and Meltem Demirors , David Hoffmann, Calvin Liu, George Lambeth, etc.

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Element Finance completed $4.4 million in financing, led by Andreessen Horowitz and Placeholder

On April 1, the fixed-rate lending agreement Element Finance completed $4.4 million in financing, led by Andreessen Horowitz and Placeholder. Participants include SV Angel, a_Capital, Scalar Capital and Robot Ventures, as well as Compound founders Robert Leshner and Gauntlet founders Individual investors such as Tarun Chitra, Aave founder Stani Kulechov, and Ethereum co-founder Joseph Lubin.

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Fixed-income DeFi agreement Blockswap Network completes $2.5 million private placement round of financing

On March 31, the fixed-income DeFi agreement Blockswap Network announced the completion of a US$2.5 million private equity round of financing. Strategic investors include NGC Ventures, Digital Finance Group (DFG), Wave Financial, Algorand EU Accelerator, ZeePrime Capital, 4th Revolution Capital, CDI and Other venture capital funds and angel investors.

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Greenwood, a decentralized financial lending agreement, completes $2 million in seed round financing, led by Polychain Capital

On April 2, Greenwood, a decentralized financial lending agreement, announced the completion of a $2 million seed round of financing. This round of financing was led by Polychain Capital. Participants included Blockchain Capital, Robot Ventures and Divergence Ventures. In addition, this round of financing participated Fang also has individual investors, including Ricky Li, co-founder of cryptocurrency trading company Altonomy, and Stani Kulechov, founder and CEO of Aave, a DeFi lending agreement.

DeFi foreign exchange agreement handle.fi completed the seed round of financing, and Distributed Global participated in the investment

On March 30, the DeFi foreign exchange agreement handle.fi announced the completion of seed round financing. Investors include Distributed Global, Lemniscap, DACM, CMS Holdings, OneBlock, Orthogonal Trading, Apollo Capital, MumeVentures, Hardfork Ventures, The Lao and Double Peak. handle.fi has not disclosed the specific financing amount.

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DeFi loan agreement NAOS Finance completes seed round financing

On March 31, the DeFi lending agreement NAOS Finance announced the completion of seed round financing, with participation from Mechanism Capital, The Spartan Group, SNZ, Youbi Capital, Incuba Alpha, and Sora Ventures. NAOS Finance has not disclosed the amount of financing.

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NFT

Dapper Labs completes $305 million financing, Coatue leads the investment, Jordan participates in the investment

On March 30, according to Forbes, Dapper Labs, the development team of popular NFT projects such as Crypto Kitties and NBA Top Shot, completed a financing of US$305 million, and its post-investment valuation rose to US$2.6 billion. This round of financing was led by the multinational investment fund Coatue, and other investors included Andreessen Horowitz (a16z), The Chernin Group, Union Square Ventures, Venrock and legendary star Michael Jordan and Sacramento Kings owner Vivek Ranadive In addition, more than 30 professional athletes such as Kevin Durant participated in the investment.

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Enjin completed a $18.9 million private placement round of financing, and plans to establish Efinity, a NFT blockchain based on Polkadot

On March 31, the blockchain game development platform Enjin completed a $18.9 million private equity round of financing for the establishment of the Polkadot-based NFT blockchain Efinity network and ecological development. This round of financing was funded by Crypto.com Capital, DFG Group and Hashed Leading investment, BlockTower, Blockchain.com Ventures, Hypersphere, LD Capital, HashKey Capital, Arrington XRP Capital, Fenbushi, Iconium, D1 Ventures, Kenetic, DeFi Alliance, Digital Renaissance Foundation, CMT Digital, Capstone, Amaiya, Andromeda, BlockArk, GBV Capital, Master Ventures, PNYX, etc. participated in the investment.

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Encrypted art platform SuperRare completes US$9 million in Series A financing, led by Velvet Sea and 1confirmation

On March 30, according to CoinDesk, the crypto art platform SuperRare completed a US$9 million Series A financing, led by Velvet Sea and 1confirmation, with participation from Mark Cuban, Chamath Palihapitiya and Marc Benioff.

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NFT brand experience company Recur completes US$5 million seed round financing, led by DeFi Alliance

On March 31, NFT brand experience company Recur announced the completion of a seed round of USD 5 million, led by DeFi Alliance, IOSG Ventures, Courtside VC, Gemini, JST Capital, Delphi Digital, Volt Capital, Nascent, CMT Digital, Hashed and Gary Individual investors such as Vaynerchuk, ConsenSys founder Joseph Lubin, and Behance founder Scott Belsky participated in the investment.

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NBA Top Shot data site Evaluate.market completes $1.6 million in financing

On April 1, according to Coindesk, the NFT project NBA Top Shot data analysis website Evaluate.market completed a US$1.6 million financing. Castle Island Ventures, Notation Capital, Drive under DraftKings, and Christian Dittmeier participated in the investment.

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Rage.Fan, an on-chain sports and gaming platform, is about to conduct IDO, and has previously completed $1.6 million in financing

Rage.Fan, an on-chain sports and gaming platform, announced that it will conduct IDO on Poolz and ZeeDO on March 31. The whitelist application has been opened. Rage.Fan will sell a total of 4 million RAGEs at a single price of $0.04.

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Asset Management

Financial application Eco completes US$26 million in financing, led by a16z

On March 29, one of Pantera Capital’s investment portfolios, the financial application Eco, announced that it had completed a $26 million financing, led by a16z. Eco aims to provide users with functions such as high interest rate storage and payment rebates. The main way is to cooperate with crypto asset compliance custodians. Previously, Pantera Capital and Expa (the studio of Uber co-founder Garrett Camp) jointly led its seed round of financing.

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Kikitrade, a crypto social investment platform, completes $8 million in Series A funding for crypto

On March 31, Kikitrade, a cryptocurrency social investment platform, announced the completion of a US$8 million Series A financing. The investment was jointly led by blockchain venture capital fund Dragonfly Capital, Xinyuan Capital, and blockchain game company Animoca Brands. These institutions also Will join the Kikitrade board of directors. Other investors include Ethereum co-founder Joseph Lubin, Singapore venture capital funds Vulpes and Super Chain Capital, Australian venture capital funds Artesian Venture, United Finance, SNZ and Hong Kong financial writer Muddy Waters.

Digital asset custody company Hex Trust completes US$6 million in Series A financing, led by QBN Capital

On March 30, according to Coindesk, digital asset custody company Hex Trust completed a US$6 million Series A financing led by QBN Capital. Participants include Cell Rising, Radiant Tech Ventures, Kenetic Capital, HashKey, MD Labs, and distributed Capital, Borderless Capital, Genesis Block Ventures and Henri Arslanian.
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Cryptocurrency broker OVEX completes US$4 million financing, led by Alameda Research

On March 31, according to The Block, South African cryptocurrency broker OVEX completed a $4 million financing, led by Alameda Research.

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infrastructure

imToken completes US$30 million in Series B financing, led by Qiming Venture Partners

On March 31, the decentralized wallet imToken announced the completion of a US$30 million Series B financing led by Qiming Venture Capital. Series A investors IDG Capital and new investors Breyer Capital, HashKey, Signum Capital, Longlink Investment, SNZ and Liang Xinjun, co-founder of Fosun Group, participated in the investment.

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Octopus Network, a multi-chain network, completes $3 million in seed round financing

Octopus Network, a multi-chain network, announced the completion of a seed round of $3 million. Investment institutions include D1 Ventures, SevenX Ventures, Puzzle Ventures, PNYX Capital, Electric Capital, Ascensive Assets, Original Capital, ZMT Capital, Bixin, OKEx Block Dream Fund, Spark Digital , ChainX, Stafi, NGC Ventures.

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Factory acquires PentaLaunch, a joint curve auction platform

On March 28, DAO-as-a-Service infrastructure Dora Factory has completed the acquisition of PentaLaunch.

Web 3.0 Infrastructure Deeper Network Receives Matrix Capital Investment from Zero Entropy Group

On March 29, Substrate Capital announced its investment in Deeper Network, a Web 3.0 infrastructure project.

Layer 2

Layer 2 DAO basic agreement Metis completes US$3 million in Series A financing

Layer 2 DAO basic agreement Metis announced the completion of a US$3 million Series A financing. The main investors include Block Dream Fund, Genblock Capital, Cryptomeria Capital, ConsensusLab, PARSIQ, YBB Foundation, Flurry Capital, Chronos Ventures, Gate.io, 7 O’Clock Foundation and BMW Capital, etc.

mining

Blockcap, a Bitcoin mining company, completes $38 million in financing, led by DCG’s Foundry

On April 1, Blockcap, a US bitcoin mining company, completed a financing of US$38 million, led by Off the Chain Capital and Foundry, a wholly-owned crypto mining subsidiary of Digital Currency Group (DCG).

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Hashcoin 2.0 track project BEST completes the first round of million-dollar financing

On April 2, the Hashcoin 2.0 track project BEST announced the completion of a $1 million financing, with participation of Infinity Labs, Hotbit Labs, OasisCapital, 7 O’Clock Foundation, PolkaFund, HappyBlock, Crypto Capital and 7star.capital.

application

Web3 personal token platform Meta Network has completed a new round of US$2 million in financing. Participants include NGC

On March 28, Web3 personal token platform Meta Network announced that it has officially completed a new round of US$2 million in financing recently. Institutions and individuals participating in the investment include NGC Ventures, Cyberight Capital, OG Labs, YFII community developer Gao Jin, MCDEX founder Liu Jie, dForce founder Mindao, Binance Research analyst Calvin Chu, Orange Book editor-in-chief Li Yang, 499 DAOs, OG Labs, Primitive Crypto partner Dovey Wan, etc. In addition, former investor Tony Tao continued to invest more.

Mask Network Receives Binance Strategic Investment, Will Accelerate Multi-Chain Development

On April 1, Web3 privacy product Mask Network (MASK) received a strategic investment from Binance, which will accelerate the multi-chain development of Mask Network, with a view to providing users with more friendly and high-quality products and further upgrading the user experience.

Trading platform

Ember Fund, a non-custodial crypto investment application, completes $5.3 million in seed round financing

On March 31, according to The Block, Ember Fund, a non-custodial crypto investment application provider, completed a seed round of $5.3 million, led by Richard Jun, co-founder of Bam Ventures, with participation from Anthos Capital, Uncorrelated Ventures, and Calm Ventures. .

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Crypto derivatives platform Delta Exchange raises 5 million US dollars through token private placement

On March 31, the cryptocurrency derivatives trading platform Delta Exchange announced that it had raised $5 million through DETO token private placement. Investors include Aave Ventures, Kyber Network, SinoGlobal Capital, Spartan Group, LuneX Ventures, CoinFund, QSN, G1 Ventures , Gumi Cryptos and BR Capital.

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Magic Circle, a digital securities solution provider, completes its strategic investment in crypto exchange INX

On March 31, digital securities STO solution provider and digital investment bank Magic Circle announced the completion of a multimillion-dollar strategic investment in INX, the first compliant digital asset exchange in the United States to issue digital securities STO through IPO.

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