Fund Raising:

• LOVO is a Berkeley, California-based artificial intelligence (AI) voice & synthetic speech tool developer. It allows enterprises and individual content creators to generate voiceover content for using in marketing, e-learning, customer support, movies, games, chatbots and augmented reality (AR) and virtual reality (VR). LOVO has closed a $2 million extension led by crypto venture firm Hashed. The capital brought the total pre-Series A funding round up to $6.5 million. Last August , LOVO, , closed a $4.5 million pre-Series A round led by South Korean Kakao Entertainment along with Kakao Investment and LG CNS, an IT solution affiliate of LG Group.
• England Metaverse technology firm Improbable has raised $150 million led by Andreessen Horowitz and SoftBank's Vision Fund 2 to build a "network of interoperable Web 3 metaverses," dubbed M², Digital Currency Group (CoinDesk's parent company ), Mirana Ventures, SIG, Ethereal Ventures and CMT Digital also participated in the round. Improbable is one of the most lavishly funded European video game startups of recent years, the company is a leading provider of multiplayer services to over 60 global publishers.  Early this Improbable announced the sale of Inflexion Games studio to Tencent.Improbable also announced that it plan to accelerates into the Metaverse.
• Community Gaming has closed a $16 million Series A funding round led by SoftBank’s Latin America Fund. The funding will help drive the company’s expansion into Latin America and Southeast Asia.Other participants in the funding round included Animoca Brands, Binance Labs, BITKRAFT Ventures, Griffin Gaming Partners and CoinFund, among others. Community Gaming has raised $2.3 million in a seed funding round led by CoinFund, other backers in this round include Dapper Labs, Multicoin Capital and early pre-seed investment by ConsenSys.

Projects Brief:

• Crypto Insiders Co-founder Zoran Kole reveal that NEAR sill issue algorithm stable coin USN in his article: The Future is NEAR.Just three months after its $150 million raise, NEAR announced an additional $350 million capital raise Wednesday, bringing its market cap to more than $10 billion as of Wednesday.The funding round, led by Tiger Global with participation from Republic Capital, Hashed, FTX Ventures, Dragonfly Capital, and others，will be put toward growing regional hubs in key community centers across the globe, according to a statement.
• The HBAR Foundation said Thursday it has set aside $250 million in a new fund aimed at drawing in both consumer brands and their users to Hedera Hashgraph’s metaverse ecosystem. HBAR, responsible for the development of Hedera’s network, said its Metaverse Fund targets both business-to-consumer and business-to-business-to-consumer applications where it expects to integrate users “at scale” into Web3 development. One week ago HBAR Foundation has launched its $155 million Crypto Economy Fund in an effort to drive DeFi development on the Hedera Hashgraph network and up to $60 million in grants from the fund are expected to go to decentralized exchanges which may be used as liquidity rewards, per the statement.Non-custodial liquid staking platform Stader Labs has been awarded an undisclosed sum, among other developers.
• Altered State Machine, $ASTO and the Next Great Evolution of NFTs.
• What are Omnichain NFTs.

Crypto Insight:

• Thinking about Interest Rate Derivatives and their applications in crypto.
• Gradual Dutch Auctions.

***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.