The encryption market is entering a new period of suffering, and most investors have left the market one after another. However, the encryption primary investment market is still full of confidence, and investment institutions have concentrated their resources in the infrastructure field. Judging from the statistics this week (18 projects in total), the number of investments and financings in web3 infrastructure (8 projects) has begun to rise, while the number of investments and financings in NFT projects (3 projects) and GameFi projects (6 projects) still account for half of the entire market , DeFi project (1) financing enthusiasm began to weaken. CGV and CTC 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 May 2 to May 8, 2022:

【infrastructure】

1. Decrypt | Financing $10 million | ConsenSys and others participated in the investment

On May 3, the encrypted news media Decrypt announced the completion of $10 million in financing. ConsenSys Inc, Hack.VC, Hashkey Capital, IOSG Ventures, Canvas Ventures, Protocol Labs, SK Group, etc. participated in this round of financing. The post-investment valuation is $50 million. At the same time, the medium will be independent from ConsenSys Mesh.

Original link: https://decrypt.co/99237/decrypt-raises-10m-in-funding-spins-out-from-consensys-mesh

2.Syndicate | Financing $6 million｜a16z and others participated in the investment

On May 3, Syndicate, a decentralized investment platform, announced the completion of $6 million in financing, with participation from a16z, South Park Commons, Carta Ledger, OpenSea, Circle Ventures, Polygon, United Talent Agency, CoinList, and FalconX.

Syndicate co-founder Ian Lee said: "With this funding, we plan to deepen our capabilities and partnerships in important areas, and will launch new investment DAO infrastructure and tools in the coming months for new markets, users and use cases.” The team currently has more than 30 people and plans to grow to 40 in the coming months. The round brings the company's total raised since its inception in January 2021 to $28 million.

Original link: https://www.theblockcrypto.com/linked/144788/syndicate-raises-6-million-to-grow-decentralized-asset-management-platform?utm_source=cryptopanic&utm_medium=rss

3. Kevin | $65 million in Series A financing｜Accel leads the investment

On May 3, Kevin, a financial technology start-up company, announced the completion of a US$65 million Series A round of financing. This round of financing was led by Accel, and Eurazeo, OTB Ventures, Speedinvest, OpenOcean, Global Paytech Ventures, etc. participated in the investment. Angel investors include the founder of 20VC Harry Stebbings, Supercell CEO and co-founder Ilkka Paananen, former Venmo CEO Amitabh Jhawar, etc.

Kevin provides users with an advanced account-to-account payment infrastructure solution designed to eliminate unnecessary intermediaries in the payment process.

Original link: https://www.theblockcrypto.com/linked/144841/payments-startup-kevin-rakes-in-65-million-series-a?utm_source=twitter&utm_medium=social

4. Bundlr Network | $5.2 million in seed round financing｜Arweave and others lead the investment

On May 4, Bundlr Network announced the completion of a US$5.2 million seed round of financing. This round of financing was co-led by Framework Ventures, Hypersphere Ventures, Arweave Team and Permanent Ventures, with participation from OpenSea and Race Capital.

Bundlr Network is an Arweave-based multi-chain expansion solution. The project team is currently building a set of tools designed to make it easier for users to upload and access files on the Arweave network.

Original link: https://twitter.com/BundlrNetwork/status/1521872015673675779

5.Pangea Fund | Financing $85 million｜Alameda Research and others participated in the investment

On May 4, the encrypted hedge fund Pangea Fund announced the official launch and completed a financing of US$85 million. This round of financing was participated by Bain Capital, ParaFi, Alameda Research, etc. Angel investors included USV co-founder Brad Burnham, Apollo Global Management Co-founder Josh Harris, Multicoin Capital partner Kyle Samani, etc.

Original link: https://www.bloomberg.com/news/articles/2022-05-04/crypto-wunderkinds-secure-85-million-to-start-own-hedge-fund?srnd=cryptocurrencies-v2

6. Prisma | $40 million in Series B financing｜Altimeter leads the investment

On May 4, Prisma, an open source data platform, announced the completion of a $40 million Series B round of financing led by Altimeter, with participation from Amplify Partners and Kleiner Perkins, and angel investors including founders of companies such as Vercel, PlanetScale, GitHub, and SourceGraph. member.

Prisma is an open source data platform designed to bring developers, data owners and infrastructure teams together to share data across organizations and teams, and to solve problems between front-end and back-end teams as well as between data engineers, developers and Barriers among business analysts in the development process.

Original link: https://www.prisma.io/blog/series-b-announcement-v8t12ksi6x

7. Copper | $29 million in Series A financing｜Fiat Ventures led the round

On May 5, Copper, a digital banking service provider for teenagers, completed a US$29 million Series A financing, led by Fiat Ventures, and participated by Panoramic Ventures, Insight Partners, and Invesco Private Capital. Copper aims to enable its clients to channel funds from their accounts into a “broad range” of investments — from stocks to mutual funds to cryptocurrencies.

Original link: https://techcrunch.com/2022/04/26/teen-focused-banking-and-investing-app-copper-raises-29m-grows-to-over-800000-users-in-less-than -a-year/?guccounter=1&guce_referrer=aHR0cHM6Ly9mb3Jlc2lnaHRuZXdzLnByby8&guce_referrer_sig=AQAAAI5FK2gkTlVR0ASmGJ2B6-L_MlaRofw

8. VirgoCX | Financing $7.8 million｜Draper Dragon leads the investment

On May 6, Canadian digital asset trading platform VirgoCX completed a financing of 10 million Canadian dollars (about 7.8 million U.S. dollars). This round of financing was led by Draper Dragon, and Cobo Labs, OKX Blockdream Ventures, Molecular Group, Sora Ventures, How Link Investment, etc. Participate in voting. The financing will be used to promote the internationalization process, product development and other aspects.

Original link: https://cointelegraphcn.com/press-releases/virgocx

【DeFi】

9. Masa Finance | $3.5 million in seed round financing｜Unshackled Ventures and others participated in the investment

On May 4, Masa Finance, a DeFi lending agreement, announced the completion of a US$3.5 million seed round of financing. Unshackled Ventures and Lateral Capital, GoldenTree Asset Management, Decentranet Intersect VC, Peer VC, Alves Ventures, etc. participated in this round of financing.

Original link: https://techcrunch.com/2022/05/04/masa-finance-gets-3-5m-pre-seed-to-build-its-decentralized-credit-protocol/?tpcc=tcplustwitter

【GameFi】

10. Team DAO｜A round of financing of 5 million US dollars｜Krust Universe led the investment

On May 4th, the encrypted game association Team DAO announced the completion of the A-round financing of US$5 million at a valuation of US$48.88 million. This round of financing was co-led by Krust Universe and Animoca Brands, with participation from Great South Gate, Shima Capital, Anti Fund, Algorand, GSR Capital, NGC Ventures, Libra Ventures, Nexo Capital, EX Capital, Coinhako, Octava, etc. The new funds will be used to further develop TEAM's technical infrastructure and expand the team and player base.

Original link: https://medium.com/teamdao/team-dao-raises-series-a-round-led-by-krust-universe-and-animoca-brands-ec8fd3dac839

11. LootRush｜Seed round financing of 12 million US dollars｜Paradigm led the investment

On May 5, the gaming platform LootRush completed a $12 million seed round of financing led by Paradigm, with participation from Andreessen Horowitz (a16z) and Y Combinator.

LootRush provides a quick-start platform for blockchain games and also provides NFT rental services for games, aiming to lower the barrier for new gamers and earn income for NFT owners.

Original link: https://www.coindesk.com/business/2022/05/05/paradigm-a16z-back-12m-round-for-blockchain-game-platform-lootrush/

12. InfiniGods｜Seed round financing of 9 million US dollars｜Pantera Capital led the investment

On May 5, InfiniGods, a blockchain game development studio, completed a $9 million seed round of financing led by Pantera Capital, with participation from Framework Ventures, Jefferson Capital, Animoca Brands, and Double Peak. The financing will be used to release three games in 2022, including an NFT with in-game utility.

Original link: https://www.theblockbeats.info/flash/80387?search=1

13. Untamed Planet | Financing $24.3 million | Animoca Brands leads the round

On May 5, Untamed Planet, a 3D immersive game based on metaverse and NFT concepts, completed a financing of US$24.3 million. This round of financing was led by Animoca Brands.

It is reported that as part of the cooperation, Untamed Planet and Animoca Brands will develop and co-publish the metaverse chain game Untamed Metaverse, and Nway, a subsidiary of Animoca Brands, will provide development support for the game.

Original link: https://venturebeat.com/2022/05/05/untamed-planet-raises-24-3m-for-nature-oriented-nft-games/

14. Cometh｜Financing of US$10 million｜Ubisoft leads the investment

On May 5, French chain game studio Cometh announced the completion of a US$10 million seed round of financing. This round of financing was co-led by White Star Capital, Ubisoft, and Stake Capital, with participation from Serena Capital, Shima Capital, and IDEO Colab Ventures.

Original link: https://www.theblockcrypto.com/linked/145206/french-blockchain-gaming-studio-bags-10-million-in-seed-funding

15. Ready Games｜Financing of US$3 million｜BITKRAFT led the investment

On May 6, Ready Games, a Web3 game infrastructure, announced that it raised $3 million through the sale of AURA Token. BITKRAFT and Hashed led the investment, and Tribe, IOSG, Spartan, Mapleblock Capital, Polygon, etc. participated in the investment. This round of financing will be used to develop the Web 3 mobile game division.

Original link: https://www.coindesk.com/business/2022/05/06/ready-games-raises-3m-to-bring-web-2-gaming-to-the-web-3-world/

【NFT】

16. Americana Technologies｜Seed round financing of US$6.9 million｜776 Management led the investment

On May 3, Americana Technologies, an NFT start-up company, announced the completion of a US$6.9 million seed round of financing. This round of financing was led by well-known venture capital 776 Management, and NFT market OpenSea and others participated in the investment. Angel investors include rapper Future and others.

Founded in 2021, Americana Technologies helps brands and creators convert physical goods such as streetwear, collectibles, cars, and artwork into NFTs. Its core product is an NFTA universal chip that can be connected to physical objects and This object is linked to the blockchain.

Original link: https://techcrunch.com/2022/05/03/americana-chip-turns-objects-nfts-funding-ohanian/

17. Immi｜Seed round financing of 50 million US dollars｜Paris Hilton and others participated in the investment

On May 5th, the animation creation app Immi announced its official launch in the App Store, and received support from 11:11 Media, a media content company and platform created by Paris Hilton, Mark Cuban, Tony Robbins, Zoom founder Eric Yuan, singer Pitbull, global Invested by Steve Aoki, one of the Top 100 DJs, and GMoney, an NFT investor. According to Reuters, citing sources, the company’s seed round of financing valued immi at $50 million.

Immi allows creators to select NFT characters to use only their facial expressions to create animated content, and plans to launch their own NFT characters.

Original link: https://www.nftgators.com/mark-cuban-paris-hilton-pitbull-back-metaverse-app-immi-at-50m-valuation/

18. Zora｜Financing of US$50 million｜Haun Ventures led the investment

On May 6, Zora, an NFT trading market, completed a financing of US$50 million at a valuation of US$600 million. Haun Ventures led the investment, and Coinbase Ventures and Kindred Ventures participated.

Original link: https://www.theblockcrypto.com/linked/145358/nft-marketplace-zora-raises-50-million-in-round-led-by-haun-ventures

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. CGV FOF includes MetaEstate, EstateTrader, Everland and other brands and companies.