What’s Poppin?

Project funding for sure. It is nearly impossible to beat last week’s massive numbers but $2.6B is nothing to shake a stick at. 

Easily the trend of nearly or over $1B each week continues to flow into Digital Assets and Blockchain Technology projects. Things are still pointing toward gaming and DeFi as the major sectors to keep your eye on. 

However, Polkadot is the winner this week by establishing a $770MM fund for development projects. Gavin Wood said that Polkadot’s treasury set aside more than 18.9 million Polkadot (DOT) that will be disbursed through community governance.

Low Tier ($40.6MM)

India’s 13-year-old coder Gajesh Naik raised $300,000 for the new DeFi project

Lending platform Sublime, which lets users stake their 'digital reputations,' raised $2.5MM

Solana-based play-to-earn NFT game MonkeyBall raised $3MM

Gaia EverWorld GameFi ecosystem raised $3.7MM in seed funding

Solana-based asset management platform Synchrony raised $4.2MM 

Polkadot-based privacy project Manta Network raised $5.5MM

Former ConsenSys exec raised $6.15MM to build crypto staking protocol Obol

Evrynet secured $7MM in funding, announced three new advisors

Genopets raised $8.3MM for a virtual game with real benefits

Mid Tier ($133MM)

Mojito, startup powering Sotheby’s Metaverse, raised $20MM in funding

Zaki Manian's DeFi project Sommelier raised $23MM in Series A funding

Munich’s Staking Facilities started a $25MM venture arm

Animoca Brands doubles valuation to $2.2B with new $65MM funding round

High Tier ($2.5B)

Fanatics’ Sports NFT studio Candy Digital raised $100MM, Valued at $1.5B

Variant closed $110MM fund after a merger deal

Multicoin Capital to raise $250MM for a third crypto-focused venture fund

Galaxy Digital affiliate Galaxy Interactive raised $325MM Fund for NFTs and interactive gaming

Sam Bankman-Fried’s FTX raised precisely $420.69MM

UK crypto firm Copper set to raise up to $500MM

Polkadot unveils $770MM development fund ahead of para chain auctions

Crypto-friendly remote hiring company Deel valued at $5.5 billion after Series D and Crypto asset manager Bitwise launched Polygon (MATIC) fund

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