Six Million Dollar Projects

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Shy of the normal trend, only $245MM flowed into digital asset projects. That said, it seems that $6MM was the magic number since 3 different projects received that level of funding. These monies will be directed toward NFTs, taxes, and a platform to help investment advisors who are the gatekeepers to trillions in capital. 

Low Tier ($31.5MM)

Russia grants $200K to build tool for tracing crypto transactions

Cardano decentralized exchange Cardax raised $1.5MM; to launch in Q3 2021

Leading on-chain analytics vendor CryptoQuant raised $3MM, Hashed led round

AlchemyNFT raised $6MM in funding to expand platform & team

Crypto tax firm Zenledger raised $6MM amid Senate infrastructure bill battle

Onramp Invest raised $6MM in funding led by Coinbase Ventures

Rothschild’s Trust invests $8.8MM in Aspen Digital Crypto platform for wealthy customers

Mid Tier ($113.5MM)

DeFi platform TrustToken raised $12.5MM in VC token sale

Crypto analytics firm Messari concludes $21MM Series A led by Point72 Ventures

Pantera, Coinbase Ventures and Sony back NFT-focused MakersPlace in $30MM Series A raised $50MM to expand in the US market following Alan Howard investment

High Tier ($100MM)

Former Bitmain CEO Jihan Wu raises $100MM in fresh capital for new crypto unicorn Matrixport

However, the project that raised the most was Jihan Wu’s Maxtrixport, a platform that allows you to get more from your Crypto by helping you to buy, invest, trade, earn, and loan assets. It’s an all-in-one financial solution for all levels of expertise. 

Never count Jihan out. 

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