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


Users in the crypto market are decreasing dramatically, with data showing that the number of daily active users of DeFi has decreased by 80.54% from its peak in May 2021. Looking at this week’s statistics (7 projects in total), the number of pitches for web3 infrastructure (3), Game (2), NFT (1) DeFi (1) projects is significantly lower.CGV, in conjunction with CTC, has put together a roundup of the week’s noteworthy pitches in the global crypto market for June 27 — July 3, 2022, as follows.

【Infrastructure】

1. Linera|Seed round financing of $6 million|Led by a16z

On June 29th, Linera announced the closing of a $6 million seed round led by a16z with participation from Cygni Capital, Kima Ventures and Tribe Capital.

Link to original article:https://www.coindesk.com/business/2022/06/28/a16z-leads-6m-seed-funding-round-in-layer-1-blockchain-linera/

2. MagicSquare|Seed round funding of $3 million|Led by Binance Labs

On July 1, MagicSquare, an app store, announced the closing of a $3 million seed round led by Binance Labs with participation from KuCoin Labs, GSR, IQProtocol, Gravity Ventures and others.

Users can discover and experience a variety of dapps, CeFi and DeFi, NFT, games, and more in Magic Square.

Link to original article:https://twitter.com/MagicSquareio/status/1542783632875536384

3. AltLayer|Seed round funding of $7.2 million|Led by Polychain Capital

On July 1, AltLayer, an Ethereum scaling startup that will offer application-specific chains, closed a $7.2 million seed funding round led by Polychain Capital, Jump Crypto and Breyer Capital, with participation from Gavin Wood, founder of Polka, and Balaji Srinivasan, former Coinbase CTO and former a16z partner.

Link to original article:https://www.theblock.co/post/155446/altlayer-raises-seed-funding-blockchain?utm_source=twitter&utm_medium=social

【NFT】

4. NFTEye|Seed round funding of $1.65 million|Led by Sky9 Capital

On June 30, NFTEye, an NFT analytics platform, announced the closing of a $1.65 million seed round led by Sky9 Capital with participation from IMO Ventures, NGC Ventures, Smrti Lab, Old Fashion Research (OFR) and others. NFTEye said it will use the funding to expand its team and user base, as well as enhance its data infrastructure and provide multi-chain support.

NFTEye allows users to identify potential opportunities through popular casting data, trend collections, blue chip indices and other core indicators and signals.

Link to original article:https://twitter.com/nfteye_io/status/1542189512956051456

【Game】

5. Mech.com|Seed round financing of $6 million|Led by Shima Capital

On June 28th, Mech.com, the NFT metaverse game, announced a $6 million seed round led by Shima Capital, with participation from Polygon, Big Brain, Anti Fund, Cryptology, Master Ventures, BreederDAO, MetaVest, Andromeda VC, Pulse Ventures and Gumi Ventures. Andromeda VC, Pulse Ventures and Gumi Ventures, among others.

Mech.com is an NFT-based metaverse game that is currently developing their first versions of a match-3 game in which players can earn the in-game currency ore and, subsequently, the tradable cryptocurrency $FORGE token.

Link to original article:https://www.digitaljournal.com/pr/shima-capital-leading-6-million-seed-round-for-mech-com

6. Ring Games|Raised $5 million|Led by Animoca Brands

On June 28th, game developer Ring Games announced a $5 million funding round led by Animoca Brands and Planetarium, with participation from Defiance Capital, Play Ventures, Double Peak, DWeb3 Capital, GuildFi, Avocado DAO and PathDAO, and other venture capital and gaming guilds.

Ring Games was founded in 2019 by the former core developers of “King’s Raid” to develop Web3 games.

Link to original article:https://www.nftculture.com/nft-news/ring-games-raises-5m-in-funding-led-by-animoca-brands-and-planetarium-for-its-first-p2e-game-stella-fantasy/

【DeFi 】

7. OpenLeverag|Binance Labs Strategic Investment

On June 21, Binance Labs announced a strategic investment in OpenLeverage.OpenLeverage is a permissionless lending and margin trading protocol for everyone. It integrates with decentralized exchange liquidity to serve the unsatisfied long-tail digital asset market.

Link to original article:https://twitter.com/BinanceLabs/status/1539206050296909824

About CGV FoF: CGV FoF is an Asia-based Fund of Funds (FoF) that focuses on investments in Crypto Fund and Crypto Studio. CGV FoF is composed of family funds from Japan, Korea, and China’s mainland and Taiwan, with headquarters in Japan and branches in Singapore and Canada