Due to the impact of the interest rate hike in the United States and the global market, the current crypto market has entered a cold period, but this does not mean that the development of the industry has entered a period of stagnation. The worse the market is, the better the opportunity for industry construction and deployment. We have found that investment and financing in the current global encryption market is still very active. Based on this, CGV and Cointelegraph Chinese have summarized the investment and financing information worth noting in the global encryption market for a week. The following is the investment and financing information of the global encryption market from February 28 to March 6, 2022:

【infrastructure】

1. ArDrive | $17.2 million in seed round financing | Blockchain Capital led the investment

On February 28, ArDrive, a blockchain-based permanent storage application, announced the completion of a $17.2 million seed round of financing led by Arweave Team, Blockchain Capital and Sino Global Capital.

ArDrive currently hosts more than 6 million files from around the world, including text, articles, photos and videos.

2. TRM Labs ｜ JPMorgan strategic investment

On March 1, JPMorgan announced a strategic investment in the blockchain analysis company TRM Labs. The specific investment amount has not yet been disclosed.

TRM Labs helps financial institutions and governments investigate instances of crypto fraud, money laundering, and other financial crimes by analyzing blockchain data and packaging it into Statistical Analysis System (SAS) applications and APIs, enabling its customers to screen wallets, and monitor Transactions of over 900,000 assets across 23 different blockchains.

3. Haruko｜Seed round financing of 10 million US dollars｜Portage Ventures led the investment

On March 3, Haruko, a one-stop crypto investment agency focused on institutional users, announced the completion of a $10 million seed round of financing led by Portage Ventures and White Star Capital.

Haruko is a company that provides an institutional-grade technology layer to connect capital to the blockchain. The platform empowers large institutions to interact with the crypto market on CeFi and DeFi.

4. Praxis | A round of financing 15 million US dollars | Three Arrows Capital and others participated in the investment

On March 4, Praxis, an encrypted city community, completed a $15 million Series A round of financing, with participation from Paradigm, Alameda, Three Arrows Capital, Apollo Projects, and Robot Ventures. The round will be used to build out its real estate, governance and engineering teams.

【DeFi】

5. Hashstack Finance | $1 million in seed round financing | Moonrock Capital and others participated in the investment

On March 2, DeFi lending agreement Hashstack Finance announced the completion of a $1 million seed round of financing, with participation from GHAF Capital Partners, Moonrock Capital, Kane & Rao Group, Nimrod Lehavi, MarketAcross, and Chainridge Capital. The new funds will be used to continue developing Open Protocol, attract top talent, and grow the community.

Hashstack Finance is a DeFi platform, and its Open Protocol aims to enter the DeFi lending market by providing low-collateralized loans.

6. ApeX | Dragonfly Capital leads the round

On March 4, the decentralized derivatives protocol ApeX announced the completion of a seed round of financing, led by Dragonfly Capital, with participation from Jump Trading, Tiger Global, Mirana Ventures, CyberX, Kronos, and M77 Ventures. Specific financing information has not yet been disclosed.

ApeX is a decentralized, permissionless, non-custodial and censorship-resistant perpetual contract protocol that utilizes an elastic automatic market maker (eAMM) to facilitate the creation of a perpetual contract market for any Token pair, incubated by Davion Labs.

【GameFi】

7.GamesPad｜Animoca Brands strategic investment

On March 1, Metaverse game platform GamesPad announced that it has received strategic investment from Animoca Brands. This round of financing will be used to expand the GamesPad ecosystem and expand its market share among encrypted gamers.

GamesPad is a holistic blockchain gaming platform founded by Constantin Kogan and Eran Elhanani, aiming to change the crypto gaming world by supporting promising gaming projects.

8. AQUANEE｜US$2 million in financing｜Polygon and others participated in the investment

On March 2, the GameFi project AQUANEE completed over $2 million in financing, with participation from M6, Polygon, Mindfulness, Israel Mysterious Family Fund, HG Venture, Cipholio, and BitMart.

AQUANEE is a real-time combat and Sims game (SLG) inspired by marine life, the first blockchain SLG made with U3D for Android, Windows and MacOS.

9. AlwaysGeeky Games｜US$1.1 million financing｜Binance Labs strategic investment

On March 4, Binance Labs announced a strategic investment in AlwaysGeeky Games, with an investment amount of US$1.1 million. AlwaysGeeky Games developed the Voxies NFT project and the Voxies Tactics game.

About CGV FOF: CGV FOF is a fund of funds from Asia, focusing on investing in Crypto Fund and Crypto Studio. CGV FOF is composed of family funds from Japan, South Korea, mainland China and Taiwan, headquartered in Japan, and also has branches in Singapore and Canada.