admin Web3 dominance within crypto funding rounds has been effectively documented by Cointelegraph Analysis. Along with the Web3 mega funds announced lately, enterprise capital has additionally been making smaller, extra focused investments within the sector. On this week’s Enterprise Capital (VC) Roundup, we chronicle the newest Web3 funding initiatives and draw consideration to a sharding platform, nonfungible token (NFT) market, crypto banking resolution and co-ownership infrastructure supplier.
Associated: Blockchain games and metaverse projects raised $1.3B in Q3: DappRadar
Avid gamers, athletes and content material creators again WWVentures
WWVentures, a boutique crypto enterprise agency, has raised $15 million for its Web3 fund — placing the corporate on monitor to spend money on metaverse, decentralized finance and blockchain gaming startups. The funding spherical was backed by a slew of notable players, content material creators and athletes, together with former UFC Champion Michael Bisping and Trent Alexander Arnold of Liverpool F.C. The fund will focus solely on startups with a “community-first method” to growth and can assist their development via social capital and community-building help.
Completely satisfied to be concerned with this mission and a proud investor. Let’s go! @WW_Ventures https://t.co/q6td5fiDna
— michael (@bisping) September 27, 2022
Scalability-focused blockchain raises $18.2M
Ethereum Digital Machine-based blockchain Shardeum has acquired $18.2 million in seed funding from over 50 traders, together with enterprise corporations Jane Avenue, The Spartan Group and DFG. Shardeum is a proof-of-stake community targeted on fixing one in all blockchain’s greatest ache factors: scalability. Because the identify implies, the platform makes use of sharding — a sort of database partitioning — to extend throughput capability. Shardeum claims that its scaling capability is superior to different layer-1 blockchains.
Avalanche-native platform rises $6M for NFT market
Myna Swap, a luxurious collectible market that enables customers to transform their bodily belongings into digital twins by way of NFTs, has raised $6 million in seed funding. Traders embrace Polygon Studios, Blizzard Avalanche Fund, Spartan Capital and Wave Monetary. The platform, which affords buying and selling and vaulting companies, is geared towards collectors of sneakers, sports activities playing cards and watches and was constructed on the Avalanche blockchain. Myna Swap is about for launch later this 12 months.
Alexis Ohanian backs Antic in $7M increase
Web3 co-ownership infrastructure supplier Antic has raised $7 million in funding led by Sheva and Alexis Ohanian’s Seven Seven Six enterprise studio, with further participation from Pantera Capital, Sound Ventures and Dapper Labs. Antic described co-ownership know-how as an rising idea throughout the Web3 group that enables firms to determine blockchain-based possession fashions extra simply.
Crypto banking platform closes $18M Collection A
Web3 banking platform Juno has raised $18 million in Collection A funding led by ParaFi Capital, with further participation from Hashed, Soar Crypto and others. Juno offers a crypto-native checking account that enables customers to financial institution with their digital belongings extra simply. Following the funding spherical, Juno is planning to broaden its product choices and launch a tokenized loyalty program that enables customers to earn cash for taking their paycheck in crypto or spending digital belongings with their Juno card.
Associated: FTX and Visa partner to permit crypto payments in 40 countries
Wintermute Labs leads Zerion funding spherical
Web3 wallet and DeFi aggregator Zerion has closed a $12.3 million Collection B funding spherical led by Wintermute Labs, the enterprise arm of liquidity supplier Wintermute. Zerion will use the funding to additional develop its Web3 pockets by integrating superior knowledge and enabling higher cross-chain identification administration for Ethereum-compatible blockchains. Zerion claims that its buying and selling quantity has grown from $47 million in 2019 to greater than $1.5 billion.
The expansion of the Web3 VC business is displaying no indicators of slowing down.
Polygon founder Sandeep Nailwal is the newest to affix the occasion after elevating $50 million for a brand new startup fund. https://t.co/XqEuvk5PV3
— Cointelegraph (@Cointelegraph) August 25, 2022
thirdweb lands $24M from main VC traders
Web3 developer platform thirdweb achieved a lofty valuation of $160 million following its Collection A funding spherical that landed the corporate $24 million. The Collection A funding was led by Haun Ventures and included a number of notable traders similar to Coinbase Ventures, Shopify, Polygon and Protocol Labs. Based in 2021, thirdweb is creating the infrastructure layer for Web3 that might allow extra seamless app growth throughout blockchains.
