Fund Raising:
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Fractal, the platform for game-related non-fungible tokens (NFT), has raised $35 million in a seed round led by Paradigm and Multicoin Capital. Other investors include Andreessen Horowitz (a16z), Solana Labs, Animoca Brands, Coinbase Ventures and Terraform Labs CEO Do Kwon, among others. Paradigm's Matt Huang will also join the company's board.The platform, launched in December by Twitch co-founder Justin Kan, enables game companies to mint and drop gaming NFTs for fans. It also provides a secondary market for players to sell the NFTs to one another
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Blockchain Gaming Firm Cross The Ages gets $12M From Ubisoft and Animoca Brands, Sebastien Borget, co-founder and chief operating officer of The Sandbox, as well as Polygon — the blockchain network that the game is based on — also participated in the round.
Projects Brief:
- Burrow, the first decentralized money market on NEAR Protocol, has successfully raised $5M prior to mainnet launch. Investors include Dragonfly Capital, ParaFi Capital, Jump Crypto, Lemniscap, Mentha Partners, Warburg Serres Investments, QCP Capital, DeFi Capital, D1 Ventures, GFS Ventures, SevenX Ventures, IOSG Ventures, Kronos Research, Move Capital, and Metaweb Ventures. Burrow’s investor network will not only bootstrap its initial liquidity, but also share their expertise to build a stronger DeFi ecosystem on NEAR.
Crypto Insight:
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Competing To Win Deals by Fred Wilson of Union Square Ventures(USV).
***The above are not investment advice, please do your own research. You also can follow us on Twitter, Telegram, Discord or subscribe the Newsletter here.