Investing and Financing At a Glance (Dec 26 - 31) and Web3 Fundraising Review 2022

Investing and Financing At a Glance

According to gross underestimates by the veDAO Research Institute, there were eight investment and financing activities across global blockchain last week (from December 26 to 31), a significant decrease from the previous week. The investment and financing in this segment were flat this week.

Tools and Infrastructure

Investor Cypher Capital injected $10 million into TON for its blockchain infrastructure

Cypher Capital, a multi-strategy crypto investment firm based in the UAE, invested $10 million in The Open Network (TON), the extension project of Telegram Layer 1 Proof of Equity Blockchain, to support its efforts in building blockchain infrastructure. Bill Qian, chairman of Cypher Capital and member of the Board of Directors of TON Foundation, said that the new funds would help TON to be widely used in the Middle East, Africa, Asia, Turkey, and India.

Asset Management

Crypto payment service provider Centbee raised $1 million

Centbee, a London-based Bitcoin payment service provider, completed a $1 million pre-Series A funding, led by Calvin Ayre, the founder of Ayre Ventures, a Bitcoin-based venture capital company. Founded in 2017, Centbee has developed a crypto wallet based on the BSV network which can transfer bitcoins.

NFT and GameFi

GameFi project Open World: The Lost Land closed the $2 million seed round of funding

Open World: The Lost Land - the real-time tower defense strategy GameFi project - closed the $2 million seed round funding, with full details undisclosed. The game will officially go online and issue tokens in early 2023. It plans to use dual tokenomics and launch NFT pledge and rent systems. After the alpha testing has ended, it is now under beta testing.

H5 game Flappy Moonbird topped off $6 million in funding

H5 game Flappy Moonbird topped off $6 million series A funding, led by LinkVC. Money raised in this round will be used to develop this series of games and build the game ecosystem. Flappy Moonbird is made by Helix Table, a studio owned by Voodoo - a French video game developer and publisher. Helix Table has developed over 100 casual games, reporting over 10 million downloads and MAUs. Flappy Moonbird has received angel funding from Moonbirds holders.

Web3

Twity, the Web3 Twitter marketing platform, raised $6.5 million, led by Wave Capital

Twity, the Web3 Twitter marketing platform, closed $6.5 million series A funding and signed a $5 million equity distribution agreement with institutions concerned, raising $6.5 million in total and led by Wave Capital. Funds acquired in this round will be used by Twity to develop and produce its Web3 traffic aggregation platform to expand its clouts. Twity is a web3.0 advertising marketing service agency that aims to provide a simpler and more effective marketing solution for the Web3 brand and build a traffic aggregation platform in Web3. Twity launched a new program Promote to Earn to encourage users to do their share to promote products and services.

House of Blueberry, the avatar designer in the metaverse, announced a nearly $6 million fundraising

According to the latest SEC Form D, House of Blueberry, a North Carolina-based avatar designer in the metaverse, announced a new round of $5,999,999 fundraising from two investors, but no information about the investors was disclosed. House of Blueberry designs wearable devices and clothing for 3D virtual space and provides players with personal images and avatars. It has served Robox and The Mims, both giants of metaverse games.

Other

TradeDog Group launched a $100 million Web3 Special Situation Fund

TradeDog Group, the parent company of TD VC, announced to launch $100 million Web3 Special Situation Fund which would restructure and invest in projects featuring great products and businesses but poor token performance. TD VC is a multi-strategy fund committed to fueling the long-term growth of the digital ecosystem.

CoinDCX Ventures planned to spend 500 million rupees on investment in 2023

CoinDCX Ventures, the investment arm of CoinDCX - also the crypto exchange in India - planned to spend 500 million rupees (about $6.047 million) on investment in 2023, focusing on scalable platforms, development tools, and DeFi. In addition, CoinDCX Ventures would also invest in start-ups that provide a simpler user experience similar to the Web 2 platform on the Web 3 platform.

Web3 Fundraising Review 2022

According to the year-end report issued by Metaverse Post, Web3 startups received $7.17 billion in 2022, $4.8 billion more than in 2021. Catograties of the game, metaverse, and social networks are the top three public financers, respectively acquiring $4.49 billion or 62.5%, $1.82 billion or 25.4%, and $259.1 million or 3.6%. Moreover, startups in infrastructure, AR&VR, and AI received investments of $208 million, $178.6 million, and $136.5 million respectively.

he report concluded the exact investment amount of $7,169,997,888 based on the calculation from start-ups specialized in games, metaverse, social networks, infrastructure, AR&VR, and AI. The year 2022 still saw an increase of $4.8 billion over 2021, despite the impact of the bear market.

Ranking by category

The game startups outnumber any others as the category of the year, while AI ranked last.

Game

The game start-ups stood out by raising $4.49 billion, accounting for 62.5% of the Web3 investment.

It was reported that Epic Games secured the largest investment of the year after raising $2 billion from Sony and KIRKBI, the owner of Lego. Epic Games ended the year with a valuation of $31.5 billion.

Metaverse

Metaverse start-up was the second most popular category among investors in 2022, second only to game startups. The report indicated that metaverse pooled $1.82 billion, 25.4% of the total investment.

Yuga Labs, the founder of Bored Ape Yacht Club (BAYC), became the second company to raise the largest capital in this category. This March, Yuga Labs raised $450 million to launch Otherside metaverse.

Social Networks

Social network projects that are Web3-adjusted, decentralized, and useful were the third popular category for investors. This category raised $259.1 million in 2022 or 3.6% of Web3 investment.

The exclusive content created by CryptoSlate and Phaver, Aave and Lens Protocol, as well as the initiatives by Lens Protocol and Polkadot on this topic, highlight the demand for Web3 social network protocols.

Infrastructure, AR&VR, and AI

The last three categories are infrastructure, AR&VR, and AI, acquiring respectively $200.8 million, $178.6 million, and $136.5 million.

Among infrastructure categories, NFT infrastructure provider Immutable, metaverse infrastructure provider Imperable, game infrastructure provider Sky Mavis, and start-ups-focused AngelList ranked among the top 10 most funded start-ups. Immutable raised $200 million, AngelList $100 million, and Sky Mavis and Improbable $150 million respectively.

Investment Spending

Four venture capital companies became the largest spenders this year, and each of them input more than $1 billion in investment.

Among them, in 2022, Paradigm ranks first by spending $2.5 billion on 31 projects, including Uniswap, Magic Eden, and Optimism. Paradigm was closely followed by Andreessen Horowitz who reported an investment cost of $2.2 billion.

Hivemind, the youngest venture capital company, ranked third with an investment expenditure of $1.5 billion in 2022, while Binance Labs was the fourth-largest investor with a cost of $1 billion.

veDAO, led by DAO, is an investing/financing platform. Utilizing the wisdom of the masses, the platform gives full play to the elite insight. The platform, finding and supporting the most potential projects through the voting mechanism, builds a community, composed of financiers, investors, and DAO members, with shared interests, thus enabling everyone to do his part and benefit from it.

veDAO is committed to providing a transparent and easy-to-access platform for all financiers, investors, and community attendants through democratic voting. With veDAO, all the participants will share the benefits of the project and benefit from the top-level project in the future.

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