The 35th week of 2022 financing selection: over 200 million US dollars injected into the NFT sector

Original author: Jack (0x137), BlockBeats

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According to BlockBeats statistics, the total number of financing last week was 27, covering GameFi, NFT, DeFi, social and other fields, with a total amount of more than 563 million US dollars. The average amount raised was $16.5 million. The picture below shows the financing ratio of each sector last week:

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Metaverse/GameFi

A total of 7 financings in the Metaverse/GameFi field, with a total amount of 164 million US dollars, accounting for 29.08% of the total financing last week.

Ready Player Me

BlockBeats message, 8 On March 23, Ready Player Me, a Metaverse identity platform, completed a US$56 million Series B round of financing, led by a16z, with participation from Roblox co-founder David Baszucki, Twitch co-founder Justin Kan, and Kevin Hart. Ready Player Me has previously completed a financing of 13 million US dollars, and Samsung Next and others participated in the investment.

Ready Player Me is a cross-app avatar platform designed to help gamers Technology uses its own avatar in different games. The company is run by CEO Timmu Tke, CTO Rainer Selvet, CCO Kaspar Tiri and COO Haver Jrveoja was founded in 2014. The founding team has rich working experience in the traditional game industry and has cooperated for nearly 9 years since its establishment.

Ready Player Me supports multiple platforms such as web, Unity, Unreal, Android and iOS, through With Ready Player Me, developers can integrate avatars from the platform into their apps or games in less than a day. Native. Currently, Ready Player Me has more than 3,000 partners, including Warner Bros., Dior and New Balance.

The platform's avatar system has two components, Avatar Creator and Ready Player Me SDK. Gamers can use Avatar Creator to create avatars inside third-party apps, app partners' websites, or their own Ready Player Me accounts. Game and app developers integrate the Ready Player Me platform through the SDK to take user-created avatars and make them appear in their games or apps.

Ready Player Me platform currently has nearly 5 million avatars, this financing will not only expand the team In addition, it will also be used to build more tools for developers and creators, including tools for assisting Tokenization, etc., while enhancing the interoperability and cross-environment user experience of the creation platform to promote the growth of the number of users.

Yesports

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According to the Yesports official website, the team plans to launch the NFT trading market and YESP Token in Q3 this year. This round of financing will be used for platform infrastructure development and to expand its partnerships with e-sports teams globally. The e-sports teams that have reached partnerships include Talon Esports, Falcon Andilex, Renegades, Team Empire, etc.

NFT/Digital Fashion

A total of 3 financings in the field of NFT/digital fashion, with a total amount of 213 million US dollars, accounting for 37.82% of the total financing last week.

Limit Break

BlockBeats news, on August 29, NFT project DigiDaigaku parent company Limit Break has raised $200 million through two rounds of financing, led by Josh Buckley, Paradigm and Standard Crypto, FTX, Coinbase, Positive Sum, Shervinator and Anthos Capital and others participated in the investment.

Limit Break was founded in 2021 and is headquartered in Park City, Utah, USA. The two founders are Gabriel Leydon and Halbert Nakagawa, who are also from the well-known mobile game company Machine Zone Co-founder, who holds the positions of CEO and CTO respectively.

The new NFT collection DigiDaigaku previously released by the team has been very popular recently and created "Free to Own" this new vocabulary. Gabriel Leydon, the founder of Limit Break, advocated that the "Free to Own" game will be used to replace the "Free to Play" game. Unlike other game companies that pre-sell NFT before releasing the game, Limit Break will give NFT to fans. Call it "free mint game".

About Limit Break and DigiDaigaku, BlockBeats has reported many times before, see "< a href="https://www.theblockbeats.info/news/31728?search=1">Known as the former largest mobile game company in the United States, it has made super high financing and coined new words Free mint Golden Dog”. According to reports, the company has now grown to 50 people, about 80% of whom are former Machine Zone (a well-known Web2 mobile game company) employees. This round of financing will be used to develop Web 3 MMO games.

NFT Genius

BlockBeats message, august On the 25th, NFT Genius completed a US$10.5 million Series A financing at a valuation of US$150 million, led by Dapper Labs and Spartan Labs, and participated by One Football and Unibanco.

NFT Genius is an NFT start-up company that aims to provide a market and technology for NFT projects. It was founded by CEO Jeremy Born, CTO Kurt Braget and Karl Meier. As an early participant in Crypto, he has experience in multiple encryption start-up projects. NFT Genius has now launched Gaia, its NFT secondary market based on the Flow chain. The NFT market is powered by Dapper Wallet and accepts credit card payments, making it easier to purchase NFT without encryption.

In addition, the team also launched its own NFT series Ballerz based on the Gaia market, aiming to use BALLER Unique features of gameplay, a community of holders and non-holders, and access to future collections provide unique opportunities for basketball fans to connect, play and celebrate their love of basketball.

NFT Genius will reportedly use new funding to expand its footprint beyond sports and support Major entertainment and cultural deals to expand the Gaia market to reach mainstream consumers.

DeFi

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A total of 4 financings in the DeFi field, with a total amount of 36.75 million US dollars, accounting for 6.53% of the total financing last week.

RedStone

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Spectral is an on-chain programmable reputation protocol designed to facilitate on-chain capital efficiency. Spectral emphasizes its own composability. Its credit score can be integrated into existing financial applications without permission, such as credit entrustment and securitized debt, etc., and uses transaction history to build user's credit on the chain, paving the way for DeFi innovation .

Spectrum's first product is a multi-asset credit risk analysis for on-chain credit Oracle score (MACRO Score). This is an on-chain scoring system equivalent to traditional FICO scoring, providing lenders with an improved mechanism to evaluate borrowing based on on-chain lending history, liquidation history, arrears and repayments, credit portfolio and length of credit history human risk.

At the same time, Spectrum also introduces a non-fungible credit (NFC) that represents the transaction history on the user chain concept, a mechanism that allows users to bundle wallets and sync their on-chain transaction history to a single composable asset. Pairing MACRO scores with NFC results in a new framework for a programmable credit asset class, as the on-chain transaction history of composable assets introduces a new primitive across the web3 ecosystem beyond financial applications.

GammaX

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BlockBeats news, on August 25, Web3 startup Comm announced the completion of a $5 million seed round of financing, led by CoinFund.

Comm is a Web3 communication software designed to allow community members to host their own back-end servers, and only the users themselves can access their data. Privacy startups are working to expand end-to-end (E2E) encrypted messaging services for chat apps like Signal or Whatsapp and compete with encrypted community platforms like Discord.

Similar to Signal, each user on Comm has a main device, which can be a mobile phone , which can also be a full-fledged key server. The primary device holds the user's private key and personal data, and when a user sends a message on the secondary device, it is first sent to their primary device so the user can sign and decrypt it using the private key. The community can use the Comm application on the PC side to host the key server, Comm has no control over who can access the data on the key server, it depends on the device running the hosted key server.

Comm's communication system is mainly divided into three parts: community, chat and Thread. A community is like a server in Discord, each community is hosted on a specific user's key server, there is no upper limit on the number of members, and no key server is required to join the community.

There are private messages and channels for chatting. Private messages are similar to chats in iMessage and Signal, and channels are chats within communities, similar to channels in Slack or Discord. Similar to Discord, Comm channels can also have complex roles and permissions. Thread is similar to Discord and Twitter, created in response to messages in parent threads, and can exist in both private messages and community channels.

Comm currently has 4 full-time employees and about 12 part-time staff working on the project. The Comm CEO plans to continue expanding his New York-based team after the raise, with a small number of employees working remotely.

Infrastructure

A total of 4 financings in the field of infrastructure, with a total amount of more than 38.6 million US dollars, accounting for 6.85% of the total financing last week.

Thirdweb

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Thirdweb provides pre-built smart contracts and SDKs to help developers create various products, while providing a dashboard for development teams to track and manage contracts on the chain , currently supports Ethereum, Avalanche, and Fantom, and plans to integrate into Solana. This round of financing will be used to expand to public chains such as Cosmos, NEAR, and Flow.

Online less than a year, Thirdweb has achieved rapid development, the official said that it has More than 55,000 developers have deployed approximately 200,000 contracts across multiple chains through Thirdweb; and in the past three months alone, the project has generated $7.5 million in revenue.

Mural

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SolanaFM is headquartered in Singapore and was born during the Solana Hackathon. Co-founders include Nicholas Chen, Bing Huang and Fathur Rahman. SolanaFM consists of an indexer, which helps people efficiently collect and access Solana data, and a blockchain explorer, which is used to view and interact with Solana data. SolanaFM is currently exploring launching a similar tool on the Aptos blockchain, according to SolanaFM co-founder and COO Fathur Rahman.

Digital asset management/payment

A total of 2 financings in the field of digital asset management/payment, with a total amount of 100 million US dollars, accounting for 17.76% of the total financing last week.

Symbolic Capital

BlockBeats news, on August 25, Web3 venture capital fund Symbolic Capital completed $50 million in financing, Polygon co-founder Sandeep Nailwal, Cere co-founder Kenzi Wang and other venture capital firms, encryption trading platforms, etc. participated in the investment .

At present, the fund has made about 15 investments, including Web3 game studio BlinkMoon, Polygon-based metaverse platform Mojo and e-sports platform Community Gaming.

Hidden Road Partners

BlockBeats message, 8 On March 22, the institutional credit network Hidden Road Partners recently announced the completion of a US$50 million Series A round of financing, led by Castle Island Ventures, FTX Ventures, Citadel Securities, Uncorrelated Ventures, Greycroft, XBTO Humla Ventures, Wintermute, SLN Capital, Profluent Trading, Coinbase Ventures and Corner Capital participated in the round.

 Hidden Road Partners aims to address counterparty risk by and conflicts of interest to drive Wall Street into crypto trading. For banks or other institutions that cannot directly hold digital assets, the company allows them to deposit U.S. dollars as collateral in a “three-party” setup with a custodian and collect profits and losses in U.S. dollars. Clients can trade with the trading platform as well as liquidity providers including Virtu Financial Inc., Optiver BV and Wintermute Trading Ltd.

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