CGV Research Vane | Weekly report on global crypto market investment and funding developments

With the US Dollar Index nearing a 20-year high and the 10-year US Treasury yield reaching 3%undefined capital flowed out of risky assets and the Crypto market followed the US equity market in a sharp correction. From this week's statistics (7 projects in total)undefined the number of crypto market primary market pitches slowed downundefined with Web3 Infrastructure (2)undefined NFT (1)undefined Game (2)undefined and Metaverse (2) projects all seeing a decrease in the number of pitches and funding. CGVundefined in conjunction with CTCundefined has put together a roundup of the notable pitches and funding information from the global crypto market for the week of 2022undefined as follows The following is a summary of the global crypto market's notable pitches from August 22 - August 28undefined 2022.




【Infrastructure】

1. Hidden Road Partners | Series A financing of $50 million|FTX Ventures and others participated


On August 22ndundefined Hidden Road Partners recently announced the closing of a $50 million Series A round of financing led by Castle Island Ventures with participation from FTX Venturesundefined Citadel Securitiesundefined Uncorrelated Venturesundefined Greycroftundefined XBTOundefined Humla Venturesundefined Wintermuteundefined SLN Capitalundefined Profluent Tradingundefined Coinbase Ventures and Corner Capital. Humla Venturesundefined Wintermuteundefined SLN Capitalundefined Profluent Tradingundefined Coinbase Venturesundefined and Corner Capital. Link to original article:https://www.bloomberg.com/news/articles/2022-08-22/wall-street-crypto-giants-line-up-to-back-startup-prime-broker#xj4y7vzkg

2. Mural | Seed round funding of $5.6 million|DCG and others participated


On August 23rdundefined Muralundefined a crypto firm focused on decentralized autonomous organizations (DAOs) infrastructureundefined announced the closing of a $5.6 million seed round with participation from Mike Novogratz's Galaxy Venturesundefined Barry Silbert's Digital Currency Group (DCG)undefined Firstminute Capitalundefined 186 Ventures and others.

Link to original article:https://techcrunch.com/2022/08/23/mural-raised-5-6m-to-help-brands-deploy-dao-treasury-funds/ 【Game】


3. Cricinshots | Seed Round Financing|Led by Antler India

On August 24undefined Web3 cricket game Cricinshots announced the completion of a seed funding round led by Antler India for an undisclosed amount.

Link to original article:https://bwdisrupt.businessworld.in/article/Web3-Game-Cricinshots-Raises-Pre-Seed-Funding-Led-By-Antler-India/24-08-2022-443577/

4. Animoca Brands Japan | Raised $45 million| MUFG and others participated

On August 26undefined Animoca Brands Japan announced the closing of a $45 million financing round at a $500 million valuationundefined with participation from MUFG and Animoca Brandsundefined which will allow Animoca Brands Japan to use the new funding to continue to license popular intellectual propertyundefined develop internal capabilitiesundefined and facilitate the adoption of Web3 by multiple partners.

Link to original article:https://www.animocabrands.com/animoca-brands-japan-raises-usd-45-million-from-mufg-and-animoca-brands-to-grow-web3-business 【Metaverse】

5. Ready Player Me | Series B financing of $56 million| Led by a16z

On August 23rdundefined Ready Player Meundefined a metaverse identity platformundefined closed a $56 million funding round led by a16z with participation from Roblox co-founder David Baszuckiundefined Twitch co-founder Justin Kanundefined King Games co-founder Sebastian Knutsson and Riccardo Zacconiundefined sports and entertainment company Endeavourundefined Kevin Hart and Hartbeat Venturesundefined among others.

Link to original article:https://techcrunch.com/2022/08/23/ready-player-me-a-platform-to-build-dynamic-cross-game-avatars-for-virtual-worlds-raises-56m-led-by-a16z/?tpcc=tcplustwitter

6. Com2uS | Raised $3 million|SK Networks participates

On August 23undefined Com2Verseundefined the metaverse subsidiary of game publisher Com2uSundefined announced the closing of a 4 billion won ($3 million) financing round with SK Networks participating to acquire outstanding shares.

Link to original article:https://koreajoongangdaily.joins.com/2022/08/23/business/tech/Korea-game-metaverse/20220823152254430.html 【NFT】

7. NFT Genius | Series A financing of $10.5 million| Led by Dapper Labs and others

On August 25undefined NFT Genius closed a $10.5 million Series A round of funding at a $150 million valuationundefined led by Dapper Labsundefined Spartan Labsundefined Commonwealth Asset Management (CWAM) and Fundamental Labsundefined with participation from Spartanundefined One Football and Unibancoundefined among others.

Link to original article:https://www.nftgators.com/nft-genius-raises-10-5m-series-a-funding-at-150m-valuation-exclusive/ About Cryptogram Venture (CGV) : Cryptogram Venture (CGV) is a Japan-based research and investment institution engaged in crypto. With the business philosophy of “research-driven investment”undefined it has participated in early investments in FTXundefined Republicundefined CasperLabsundefined AlchemyPayundefined Graphundefined Bitkeepundefined Pocketundefined and Powerpoolundefined as well as the Japanese government-regulated yen stablecoin JPYWundefined etc. Meanwhileundefined CGV FoF is the limited partner of Huobi ventureundefined Rocktree capitalundefined Kirin fundundefined etc. Currentlyundefined CGV has branches in Singaporeundefined Canadaundefined and China.