Crypto Funding Drops 65%: GameFi Leads with $38.8M, Blockchain Services Follow
Last week, the crypto ecosystem saw a total of $66.74M raised across 7 rounds. This marks a -65.10% decrease in funds raised and a -66.67% decrease in the number of rounds compared to the previous week.
Most Active Investors
The a16z Cultural Leadership Fund, participated in 1 round, focusing on GameFi.
UpHonest Capital, participated in 1 round, focusing on GameFi.
Aptos, participated in 1 round, focusing on GameFi.
Most Interesting Categories
GameFi raised $38.80M in 3 rounds, compared to $120.25M in 8 rounds last week.
Blockchain Service raised $21.00M in 2 rounds, compared to $29.07M in 4 rounds last week.
Stablecoin raised $6.00M in 1 round, compared to $22.00M in 5 rounds last week.
Biggest Rounds
Balance, GameFi with $30.00M raised from MBK, Amber Group, Leland Ventures, Taisu Ventures, Aptos, WAGMI Ventures, Marblex, Bing Ventures, IOBC Capital, Animoca Brands, UpHonest Capital, Gate Labs, K5 Global, Steve Chen, The a16z Cultural Leadership Fund, Thomas Vu, Marc Merrill, DWF Ventures, Andreessen Horowitz (a16z), Galaxy Interactive. Balance offers a Web3 gaming ecosystem for easy game asset management across various blockchain networks.
Hypernative, Blockchain Service with $16.00M raised from CMT Digital, Re7 Capital, Borderless Capital, Bloccelerate, IBI Tech Fund, Knollwood Investment Advisory, Boldstart Ventures, Quantstamp. Hypernative uses ML and real-time monitoring to detect security, economic, governance, and community risks in Web3 before they occur.
Puffpaw, GameFi with $6.00M raised from Hypersphere Ventures, Meltem Demirors, Santiago R. Santos, Volt Capital, Folius Ventures, Seed Club Ventures, nonce Classic, Everest Ventures, The Spartan Group, Panga Capital, Rushi Manche, Ethan Sun, Social Graph Ventures, Karatage, Corner Ventures, Mable Jiang, Lemniscap. Puffpaw integrates vaping activities on-chain to incentivize quitting smoking, offering a gamified platform that tracks smoking habits.
IDA, Stablecoin with $6.00M raised from SNZ Holding, Protagonist, GSR, Chorus One, Hack VC, Anagram Crypto, Kenetic Capital, Raj Gokal, Yolo Investments, Brinc, Hashed Fund, CMCC Global. IDA aims to drive blockchain finance adoption and bridge web2 and web3 for businesses.
TrendX, Blockchain Service with $5.00M raised from Coresky, BullPerks, AZH Advisory, Coinstash, Frontier Research, Promontory Technologies, Tido Capital. TrendX is an AI-driven Web3 trend tracking and intelligent trading platform, utilizing large language models and AI to identify market trends and facilitate trading.
