Weekly Report on Global Encryption Market Investment and Financing Dynamics (2022.10.10-10.16)

The Crypto market has been stronger than the U.S. stock market as a whole recently, but it is still affected by the U.S. stock market, and it is temporarily unable to go out of the independent market. According to last week’s statistical data (15 projects in total), the Crypto primary market has picked up, the number of financing for Web3 infrastructure projects (7) is still active, NFT (2), Game (3), DeFi ( 2) and Metaverse (1) projects, the number of investment and financing projects began to rise. CGV and CTC have summarized the investment and financing information worth paying attention to in the encryption market for a week. The following is the investment and financing information of the global encryption market from October 10 to October 16, 2022:

【infrastructure】

1. Tatum | Financing $41.5 million｜Circle and others participated in the investment

On October 12, the blockchain development platform Tatum completed a financing of US$41.5 million. This round of financing was participated by Octopus Ventures, Circle, Leadblock Fund, etc. Angel investors include the founder of Bitpanda.

Tatum's goal is to reduce the time to market for blockchain application development. The platform simplifies the development process and incorporates features such as smart contracts, fee and payment solutions, real-time alerts and encrypted transactions.

Original link: https://www.coindesk.com/business/2022/10/12/blockchain-development-platform-tatum-raises-415m-from-octopus-circle-others/

2.Telda | $20 million in seed round financing｜Sequoia Capital and others participated in the investment

On October 12, consumer finance application Telda announced the completion of a US$20 million seed round of financing, with Global Founders Capital (GFC), Sequoia Capital and Jack Dorsey's encryption company Block (formerly Square) participating. Telda has received a license from the Central Bank of Egypt (CBE) to digitally issue cards and provide customer service.

Original link: https://techcrunch.com/2022/10/12/egyptian-consumer-money-app-telda-raises-20m-from-gfc-sequoia-capital-and-block/

3. Pillow | $18 million in Series A funding | Accel and Quona Capital lead the round

On October 13, Pillow, a cryptocurrency management platform, completed a US$18 million Series A round of financing led by Accel and Quona Capital, with participation from Elevation Capital and Jump Capital.

Pillow is committed to creating a one-stop platform for cryptocurrency management that integrates storage, consumption and investment.

Original link: https://techcrunch.com/2022/10/12/pillow-wants-to-make-crypto-saving-and-investing-easy-for-new-users/?tpcc=tcplustwitter&guccounter=1&guce_referrer=aHR0cHM6Ly93d3cudGhlYmxvY2tiZWF0 cy5pbmZvLw&guce_referrer_sig= AQAAABE7HBSkicmPNLHgAcA55YP79eNYLTPzV3uYUn_V44W6uQPBKXQf_Fb9wcjPtg4PG__-UPHrekCuCgRxVJWNhLxfcsBJufEPBWVqdhmRMgOmCo_sAaDlC5F2tS4Tw3nTJPdTeMWeC jw2nF9vmLucSS8CrrOD9_mmA5RgBBYKO9U1

4. SuiNS | pre-seed round financing｜Mysten Labs participated in the investment

On October 14, Sui Name Service (SuiNS), a Sui ecological domain name service, completed a pre-seed round of financing, with Mysten Labs participating in the investment. The specific amount has not been disclosed yet.

The MVP DApp is expected to launch on Sui in November, users will be able to experience features and provide feedback, mechanisms and incentive frameworks will be established to deter or eliminate squatters, and there will be no whitelist or preferential treatment. At the same time the team is building an auction contract that allows anyone to participate in domain name registration auctions at the same time, in addition the SuiNS team will work with established agreements and major businesses to ensure that trademarks and known entities (Ethereum, Solana, etc.) reserve domain names on the platform.

Original link: https://twitter.com/SuiNSdapp/status/1580600100362981376

5. Pine Street Labs | $6 million in seed round financing｜Polychain Capital led the investment

On October 14, Pine Street Labs, an enterprise encryption wallet startup, announced the completion of a $6 million seed round of financing, led by Polychain Capital, with participation from Blockchain Capital, Coinbase Ventures, Genesis, CoinList, Figment, and BECO Capital.

Pine Street Labs hopes to change the wallet experience for any enterprise that needs to store Token. The company's solution is a non-custodial encrypted wallet API "walletOS", which is a tool for automating workflow, building transactions, and deploying wallets for any blockchain. The system, built for enterprises with scale and security, allows enterprises to efficiently use across 12 different blockchains.

Original link: https://www.coindesk.com/business/2022/10/13/enterprise-crypto-wallet-startup-pine-street-labs-raises-6m-in-polychain-led-round/

6. Laylo | Strategic round of financing｜Eldridge leads the investment

On October 15, Laylo, a Web3 customer management system platform, announced the completion of a new round of strategic financing, led by Eldridge, Third Prime Ventures, LVRN Management, Moment Ventures, Shane Mac (XMTP), Gil Weisblum (Ranger Global), Sam Evitt (Method Music) and other angel investors participated in the investment. The company did not disclose the specific amount of this round of financing.

Laylo mainly provides data support and customer relationship management services in the creator economy market. Its Web3 messaging function allows creators and brand owners to send closed-loop messages to users based on NFT ownership. Currently, it has cooperated with NFT art collection platforms Voice.com, Polygon, Music NFT platform Sound.xyz reached a strategic partnership.

Original link: https://www.businesswire.com/news/home/20221012005885/en/Laylo-Announces-Latest-Round-of-Strategic-Investment

7. Rye | $14 million in financing｜a16z Crypto leads the round

On October 11, the Web3 e-commerce platform Rye announced the completion of US$14 million in financing. This round of financing was led by a16z Crypto, with participation from Goat Capital, Solana Ventures, Electric Ant, Electric Feel Ventures, and L Catterton.

Rye will seek to use encrypted Token to reduce the cost of e-commerce. By providing participants with the encrypted currency "Rye" (which can be used to pay transaction fees), Rye will provide a one-click application programming interface (API) for merchants in Rye's own market. to showcase some or all of their products.

Original link: https://www.forbes.com/sites/alexkonrad/2022/10/11/a16z-crypto-web3-commerce-rye-justin-kan/?sh=622f65137940

【Game】

8. Elyzio | Pre-Seed round of financing $ 2 million | Solana Ventures and other participation

On October 10, game company Elyzio completed a US$2 million Pre-Seed round of financing, led by Israeli investment fund Vgames, with participation from Shima Capital, Solana Ventures, Paribu Ventures, and Nebulae founder Abdelmounaim Derraz.

Elyzio seeks to use blockchain technology to build a multiverse of games, aiming to build the next generation of high-quality free-to-play games on blockchain infrastructure. Although small, Elyzio's core members come from AAA development companies and large tech companies. The studio is using this experience to create games that blend gameplay, social interaction, content creation and ownership.

Original link: https://venturebeat.com/games/elyzio-is-building-a-gaming-multiverse-on-blockchain/

9. Flowstate Games | Pre-Seed round of financing $ 2 million | Play Ventures Future Fund led the round

On October 11, Web3 game company Flowstate Games completed a $2 million Pre-Seed round of financing, led by Play Ventures Future Fund, with participation from Web3 infrastructure development company Equilibrium, Joakim Achrén, founder of Elite Game Developers, and his angel investment team.

The company will launch the first Web3 car fighting game, Smash Stars: Thunderdome, which will be in alpha testing in the first quarter of 2023.

Original link: https://venturebeat.com/games/flowstate-games-unveils-web3-arcade-game-smash-stars-thunderdome-and-2m-funding/

10. Tribo | Financing $1.17 million | Play Ventures and others participated in the investment

On October 11, Web3 game company Tribo announced the completion of financing of US$1.17 million, with Play Ventures, Sisu Game Ventures and Joakim Achrén participating.

The company is developing a multiplayer free-to-play casual game that will use NFT digital collectibles to drive the game economy.

Original link: https://venturebeat.com/games/tribo-raises-1-17m-for-web3-multiplayer-games/

【Metaverse】

11. Didimo | $7.15 million Series A financing｜Armilar Venture Partners led the investment

On October 11, Metaverse digital avatar technology company Didimo announced the completion of a $7.15 million Series A round of financing led by Armilar Venture Partners with participation from Bright Pixel Capital, Portugal Ventures and Techstars.

The Didimo cloud platform can reduce the time required to create a 3D avatar from days to just 60 seconds, and its partners include Japanese electronics giant Sony and Metaverse company CEEK V.

Original link: https://www.nftgators.com/didimo-raises-7-15m-in-series-a-to-bring-digital-human-avatars-to-the-metaverse/

【NFT】

12. MetaStreet | Financing $10 million｜DragonFly Capital and others participated in the investment

On October 14, MetaStreet, an NFT mortgage lending platform, completed a $10 million financing round, with participation from DragonFly Capital, Nascent, Ethereum Ventures, intech Collective, DCG, TheLAO, Focus Labs, Mirana Ventures, Metaversal, OpenSea Ventures, Ledgerprime, Meta4, and Flying Falcon. Investment, the total financing reached 24 million US dollars. MetaStreet will use the funds to create trust, credit and title products to facilitate debt and build the debt infrastructure for the NFT industry.

Original link: https://www.theblock.co/post/176984/dragonfly-and-opensea-back-10-million-raise-for-nft-financing-firm-metastreet?utm_source=twitter&utm_medium=social

13. Otterspace | $3.7 million in financing｜Coinbase Ventures participated in the investment

On October 13, Otterspace, an NFT rewards platform, announced the completion of $3.7 million in financing, led by Cherry Crypto and Inflection, with participation from Bessemer Venture Partners, Coinbase Ventures, Btov Partners, and Paua Ventures. Otterspace aims to use earned rather than purchased NFTs to reward certain behaviors. Once contributors complete certain tasks or behaviors set by the DAO through the application, contributors will receive rewarded NFTs, eventually achieving de-financialization of NFTs the goal of.

Original link: https://www.theblock.co/post/176481/nft-startup-otterspace-raises-3-7-million-to-definancialize-web3-exclusive?utm_source=twitter&utm_medium=social

【DeFi】

14. Uniswap Labs | Financing $165 million | Polychain Capital leads the investment

On October 13, Uniswap Labs announced the completion of a US$165 million Series B financing at a valuation of US$1.66 billion. Polychain Capital led the investment, and a16z, Paradigm, SV Angel, Variant, etc. participated in the investment. Founder Hayden Adams said that Uniswap Labs is currently not profitable, but the company intends to use this round of funds to expand its product offerings and achieve financial sustainability in the next few years, which will include building an NFT aggregator that will "Unlock new interactions between Token and NFT".

Original link: https://fortune.com/crypto/2022/10/13/uniswaps-155-million-funding-round-a-bright-spot-for-defi-in-crypto-winter/

15. Moon Mortgage | $3.5 million in seed round financing｜CoinFund leads the investment

On October 11, Moon Mortgage, an encrypted mortgage lender, completed a $3.5 million seed round of financing led by CoinFund and Cadenza Ventures. Moon Mortgage allows investors who hold enough cryptocurrency to mortgage their assets to buy real estate as an investment. The funds raised above will be used to finance its mortgage product, CryptoMortgage. CryptoMortage uses investors’ digital assets as collateral, and then provides 100% collateralized financing for investment properties. Investors can also use Moon Mortgage to exchange the value of their digital assets as a mortgage.

Original link: https://www.altfi.com/article/9958_crypto-mortgage-lender-moon-mortgage-raises-35m-seed-round

About Cryptogram Venture (CGV): Cryptogram Venture (CGV) is an encryption industry research and investment institution headquartered in Japan with compliance qualifications. With "research-driven investment" as the business orientation, he has participated in early investments in projects such as FTX, Republic, CasperLabs, AlchemyPay, The Graph, Bitkeep, Pocket, and Powerpool, as well as the yen stable currency JPYW under the supervision of the Japanese government. At the same time, CGV FoF is the LP of Huobi venture, Rocktree capital, Kirin fund and other funds. Currently, CGV has branches in Singapore, Canada and China.