2 years ago
The cryptocurrency marketplace has failed to marque important headway successful caller months, but that hasn’t stopped the industry’s builders from building. Nonfungible tokens (NFTs), crypto mortgages, blockchain-powered cellular networks and Web3 gaming person each piqued the involvement of task capitalists. These caller and acquainted concern themes header the latest variation of VC Roundup, arsenic task funds proceed to people blockchain’s astir promising worth plays.
a16z execs backmost caller NFT fund
Andreessen Horowitz’s foray into the blockchain industry continued this period aft a ample conception of its investing squad backed a caller nonfungible token money called Curated. The fund, which is worthy $30 million, has the singular intent of buying and holding NFT artwork. Among the a16z brass, Marc Andreessen, Arianna Simpson, Chris Dixon, Andrew Chen and John Lai are each investors successful the fund, according to Tech Crunch. NFTs and accepted creation are progressively being viewed arsenic stores of worth successful an inflationary environment. (Interestingly, a16z has been talking astir NFTs since astatine slightest 2020, which is eons agone successful the crypto industry.)
How are crypto marketplaces and NFTs changing the crippled for creators? Listen to our Q&As with artists @muratpak and @sigggnasty for an intro to the token-based creator economy: https://t.co/Lj42leSkfa
— a16z (@a16z) November 22, 2020Related: You don’t request to beryllium aggravated astir NFTs
Crypto owe lender Milo receives $17M
Crypto-focused fintech startup Milo has raised $17 cardinal successful Series A backing from task firms M13, QED Investors and MetaProp. Milo volition usage the backing to beforehand its suite of merchandise offerings, which includes a 30-year crypto mortgage that allows users to enactment up integer assets arsenic collateral for their location loans. Since launching successful January, Milo’s 30-year owe has already received implicit 7,400 applications. The company’s archetypal merchandise — a owe solution for overseas nationals — processed $500 cardinal successful applications from implicit 90 countries.
Crypto-friendly neobank raises $77M
Scandinavian neobank Lunar is readying to motorboat a caller cryptocurrency level and business-to-business work aft raising $77 cardinal astatine a $2 cardinal valuation. The crypto trading work volition initially absorption connected conscionable 5 assets: Bitcoin (BTC), Ether (ETH), Cardano (ADA), Polkadot (DOT) and Dogecoin (DOGE). The company’s crypto gambit reflects a increasing tendency to work much consumer-oriented sectors successful a portion that has enjoyed a sizable uptake successful integer plus trading. According to Tech Crunch, Lunar is already raising superior for its adjacent backing round, which is expected to adjacent successful May.
FreedomFi closes $9.5M backing round
Crypto-friendly 5G developer FreedomFi has raised $9.5 cardinal successful backing to beforehand a Web3 level that enables consumers to crowdsource deployments of tiny compartment networks utilizing integer assets. The Series A circular was financed by Blueyard Capital, Qualcomm Ventures and Samsung Next. FreedomFi has already made inroads into the integer plus space, having partnered with the Helium blockchain successful 2021 to beforehand wider adoption of cellular basal stations astatine the user level.
Web3 level Joyride raises $14M
Web3 gaming level Joyride Games precocious closed a $14 cardinal effect circular that was financed by immoderate of blockchain’s biggest task funds, including BITKRAFT Ventures, SuperLayer, Coinbase Ventures, Animoca Brands, Dapper Labs and Solana Ventures. The Joyride level is chiefly geared towards developers who privation to physique and motorboat blockchain-powered esports and societal games. The institution said that it plans to motorboat the archetypal batch of gaming projects connected its level successful the adjacent future.
Describe Web3 successful 3 words.
— Cointelegraph (@Cointelegraph) March 8, 2022Related: VC Roundup: Web3 infrastructure developers pull large investors
Crypto Unicorns closes $26M token sale
Web3 crippled developer Laguna Games completed a $26 cardinal token merchantability for its Polygon-based NFT postulation Crypto Unicorns. The biggest buyers included TCG, Backed VC, ACME Capital, BITKRAFT Ventures, Delphi Digital, Polygon Studios and CoinFund, among others. Laguna Games said each of the funds raised volition beryllium allocated to the Crypto Unicorns DAO Treasury, whose governance volition beryllium transferred to the assemblage implicit time.
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