Weaving Web3

With 2021 coming to a close, it shouldn’t come as a surprise that funding activities are winding down for the year. Frankly, investors have other things on their mind like family and friends during the holiday season. 

In all the time I’ve been curating this information, I can’t recall the last time when the flow of investments hasn't crossed over the $1B mark. That said, the funds that were raised will be directed to the rapidly emerging world of Web3. This complicated space includes areas like DeFi, NFTs, and Metaverse, among others. 

The major beneficiaries during this second to the last week of the year are Polygon and Seven Seven Six who will be launching a new Social Media initiative. 

As you scan the headlines below, I highly encourage you to click through to the projects. A lot of them are really impressive and will give you a better grasp of what is forthcoming in 2022 and beyond. 

Low Tier ($13MM)

 

Bitcoin book “Bitcoin and the American Dream” for American policymakers gets 5x funding on Kickstarter: $23,151

Rainmaker Games offers up global fair launch auction after successful $6.5MM fundraising round

Interlay raised $6.5MM to accelerate Bitcoin DeFi interoperability

 

Mid Tier ($268MM)

 

NFT lending platform Arcade raised $15MM in Series A funding

Adidas Originals netted $23MM after closing its first NFT drop

Metaverse infrastructure startup Render Network raised $30MM in token round

Binance Labs led $60MM investment in Multichain

Kraken Ventures raised $65MM for funds focused on Crypto and Fintech

Blockchain analytics firm Nansen raised $75MM in funding led by Accel

 

High Tier ($428MM)

 

Crypto staking firm Figment becomes Unicorn with fresh $110MM fundraise

Genius Yield's ISPO pools surpassed $118MM within the first 48 hours

Polygon and Seven Seven Six launched $200MM Social Media Web3 initiative

In addition, 2021 Crypto VC funding tops $30B, the market is ‘Superheated.’

 

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