With the global macro environment in turmoil, crypto market investments have also gradually turned cold, and several institutions are in deep liquidity crisis. From this week’s statistics (5 projects in total), the number of investment and financing for web3 infrastructure (2) and Game (3) projects has significantly decreased. CGV, in conjunction with CTC, has put together a summary of the noteworthy investment and financing information for the global crypto market for the week of July 4 — July 10, 2022, as follows. 【Infrastructure】 1. Thalex｜Series A financing of $7.5 million｜Bitfinex and others participed On July 7, Thalex, a trading platform offering stablecoin-settled crypto options and futures, announced that it has closed a $7.5 million Series A funding round with participation from Bitfinex, Bitstamp, Flow Traders, IMC, QCP and Wintermute. Thalex is a crypto-native derivatives exchange founded by a multi-faceted team of experts in traditional brokerage, crypto and market making. Link to original article:https://www.prnewswire.com/news-releases/new-crypto-options-and-futures-exchange-thalex-closes-series-a-funding-round-301582212.html 2. Hided Road｜Series A financing of $50 million｜FTX and others participed On July 8, Hided Road Partners, a global credit provider, announced the closing of a $50 million Series A round led by Castle Island Ventures, with participation from Citadel Securities, FTX Ventures, Uncorrelated Ventures, Greycroft, XBTO Humla Ventures, Wintermute, SLN Capital, Profluent Trading, Coinbase Ventures and others. XBTO Humla Ventures, Wintermute, SLN Capital, Profluent Trading, Coinbase Ventures and others. Link to original article:https://www.theblock.co/post/156379/hidden-road-announces-50-million-series-a-round-led-by-castle-island-ventures 【Game】 3. Klang Games｜Raised $41 million｜Led by Animoca Brands On July 6, German game developer Klang Games announced the closing of a $41 million funding round led by Animoca Brands and Kingsway Capital, with participation from Anthos, Novator, Supercell, Roosh, AngelHub and New Life Ventures. Link to original article:https://venturebeat.com/2022/07/06/klang-games-raises-41m-to-build-seed-virtual-world-with-ai-beings/ 4. Planetarium Labs｜Series A financing of $32 million｜Led by Animoca Brands On July 7, Planetarium Labs, which is building a community-driven Web3 game network, announced the completion of a $32 million Series A funding round led by Animoca Brands with participation from Samsung Next, Krust Universe, Kakao, WeMade and others. Link to original article:https://www.coindesk.com/business/2022/07/07/animoca-brands-leads-32m-funding-for-web3-game-company-planetarium-labs/ 5. Aver｜Seed round funding of $7.5 million｜Led by Jump Crypto On July 9, Aver, the sports entertainment platform on Solana Eco, closed a $7.5 million seed round led by Jump Crypto, with participation from PetRock Capital, Solar Eco Fund, Serum Ventures, Blue Pool Capital, Genesis Block Ventures, Susquehanna International Group, Mirana Ventures and others. The funding will be used to expand Aver’s presence in the U.S. and Europe and to explore the P2E game business with additional game publishers and development companies. Link to original article:https://playtoearndiary.com/solana-built-sports-betting-exchange-aver-raises-7-5/ About CGV FoF: Cryptogram Venture (CGV) is a Japan-based research and investment institution engaged in crypto. It has participated in early investments in FTX, Republic, CasperLabs, AlchemyPay Graph, Pocket, and Powerpool, as well as the Japanese government-regulated yen stablecoin JPYW, etc. CGV FoF is the limited partner of Huobi venture, Rocktree capital, Kirin fund, etc. Currently, CGV has branches in Singapore, Canada, and China.

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

In the tide of encryption technology, Crypto Review came into being. Initiated by cryptogram venture (CGV)FoF, with the purpose of “providing in-depth value reference for global encryption practitioners”, crypto review is committed to providing meticulous industry insights, the best investment and research practice guidance to encryption professionals and enthusiasts all over the world, And expand the positive impact of encryption consensus on more institutions and the wider population. Crypto Review is not for profit and adopts the recommendation and invitation system. The content covers: 1. Encryption trends. Pay attention to the technology, management, industry and even macro factors that will affect the behavior of the encryption industry; 2. Overview of the track. Share the latest Overview Research and analysis based on a specific vertical field; 3. Project analysis. Comprehensively and deeply interpret the early dark horse project and star project, and systematically interpret their design concept and mode. The following is a selection of crypto review articles (JUN 2022) TRENDS Where did Web3’s revenue go? initial public publication time: June 2, 2022 Original link: https://coinyuppie.com/where-did-web3s-revenue-go/ CR Recommendation Many people compare Web3 to a new generation of value Internet. If we follow this logic, the ability to capture value will be an important indicator of the development of Web3 applications. However, will Web3 applications generate huge revenues like Internet companies? How much revenue is generated by applications in areas other than DeFi? Is there excess revenue? The authors break down in detail the business models that Web3 already has and the ability to generate huge revenues. It is very instructive for finding the next Web3 application with high value capture capabilities. A Brief History of Cryptocurrency Regulation in the US initial public publication time: June 5, 2022 Original link: https://mirror.xyz/0xAAe47a1231D7291EcE8701403789fA4e0285F857/8-nwcy7aBTWN5FXthKRYQgC_O8ISkFZsg_vtaS8deYI CR Recommendation Influenced by the origin of Bitcoin and the development of Internet technology, many crypto projects were born in the United States, and the regulatory strategies and trends of the crypto industry in the United States largely represent the vane of the development of the crypto industry. Currently, the crypto industry has passed the reckless development period, and cryptocurrencies have become a part of the market that cannot be ignored, and the regulation of cryptocurrencies is imminent. However, regulation is a double-edged sword; too much regulation will inhibit technological innovation, while lax regulation will affect the stability of the crypto industry in the country or even around the world. The real test of U.S. and national government wisdom is how to strike a balance between over-regulation and lax regulation. Evaluating Web3 job opportunities like an investor initial public publication time: June 6 , 2022 Original link: https://www.paradigm.xyz/2022/06/evaluating-web3-job-opportunities-like-an-investor CR Recommendation Web3 positions are probably one of the hottest job opportunities out there today. As a candidate, the job search needs to be preceded by reference to maximizing your return, not just financially, but on multiple metrics that will allow you to grow and prepare for greater opportunities down the road. However, to use the Web2 assessment approach again would lag, after all, many of the metrics are written on the chain and are open, transparent and non-tamperable, and data mining will become an important competency for job seekers. FIELDS X to Earn Research：A Web3 Growth Model initial public publication time: May 29, 2022 Original link: https://mirror.xyz/0x0d8c792f881c08420859FCCDA79B3C90d0A6a4cF/nS9GYpbFk3PDuZr7F30ZL-eUtUDQI4HacAH1Xko1AdU CR Recommendation Since 2022, with the big rise of Stepn (GMT), the Move To Earn model has started to break the circle, attracting more and more attention from non-crypto people. At the same time, various X To Earn projects have sprung up one after another, attracting much attention. what is the essence of X To Earn? What is the appropriate X scenario, what is the design idea of the economic model Earn, and what are the main challenges facing the development of X To Earn? What are the main challenges in the development of X To Earn? The author systematically gives an attempt to answer these questions in this paper. Beyond Verticalization of NFT Marketplaces initial public publication time: June 22 , 2022 Original link: https://multicoin.capital/es/2022/06/22/beyond-verticalization-of-nft-marketplaces/?mc_cid=7a5a54c345&mc_eid=fda62e11fc CR Recommendation OpenSea, as the industry’s №1 NFT trading platform, with a monthly fee income of over $120 million and a valuation of $13 billion, is a veritable unicorn in the Web3 field. 2021 OpenSea’s turnover accounted for more than 95% at one time, but this figure fell to less than 50% at the beginning of 2022. the rise of Web3 has gradually enabled NFT to comprehensively In addition, NFT market refinement may be faster, and each trading platform will find new market space in continuous vertical development, just like Internet e-commerce platforms. PROJECTS Building a DAO to Learn in Web3 initial public publication time: June 1 , 2022 Original link: https://mirror.xyz/rahuliyer.eth/0PaMd7kH-65pMzxgeiIQhn0blbIWwRWu3EbV-OZO1fA CR Recommendation DAO is the new paradigm of Web3’s organizational structure. In terms of the narrative logic of Web3, it is a disruptive paradigm revolution in social structure, a revolution that will reshape the social governance structure and the underlying business model. Understanding DAO, getting familiar with DAO, developing DAO with DAO tools, and then using DAO to solve the problems encountered in project development, such a path may be appropriate for everyone in the Web3 world. It’s never too late to try to think and do it this way. How Bored Apes became the foundation for a metaverse initial public publication time: June 22 , 2022 Original link: https://www.theblock.co/post/153349/how-bored-apes-became-the-foundation-for-a-metaverse CR Recommendation Bored Ape Yacht Club (BAYC), has become the most expensive and influential collection of NFT collectibles. As a new project born only 1 year ago, Bored Ape has won the battle of kings with CryptoPunks, the representative of antique NFT, and now, spanning art, fashion, entertainment and food and beverage, Bored Ape has gained great commercial success, jumping out of the JPEG avatar on social media to become an IP meta-universe ecology, growing from the original niche circle to a phenomenal NFT trendy brand and is still making inroads into popular culture. How did Bored Ape do all this? The Report Download link:https://www.cgv.fund/file-share/12a5f205-7257-41af-ae41-059498f7a555 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.

The Luna and UST de-anchoring events have not only put the Terra ecosystem in crisis, but have also had a very negative impact on the crypto world as a whole. From this week’s statistics (19 projects in total), it appears that the number of web3 infrastructure (12) pitches is starting to rise, while NFT (3), GameFi (2) and DeFi (2) projects are starting to lose their pitch heat. CGV, in association with CTC, has put together a roundup of the week’s noteworthy pitches in the global crypto market for the period 9 May — 15 May 2022, as follows. 【Infrastructure】 1. KuCoin | Raising $150 million｜Led by Jump Crypto On May 10, crypto trading platform KuCoin closed a $150 million funding round at a $10 billion valuation, led by Jump Crypto with participation from Circle Ventures, IDG Capital and Matrix Partners, among others. The funding will be used to expand its product line, such as its crypto wallet, DeFi and NFT platforms. Link to original article:https://www.coindesk.com/business/2022/05/10/kucoin-raises-150m-round-led-by-jump-crypto-at-10b-valuation/ 2. Casa | Raising $21 million｜Led by Acrew Capital On May 10th, crypto wallet provider Casa announced a $21 million funding round led by Acrew Capital with participation from Positive Sum Ventures, Naval Ravikant and others, which the Casa team will use to add financial identity capabilities to its signature wallet product. Link to original article:https://www.coindesk.com/business/2022/05/10/bitcoin-self-custody-company-casa-raises-21m-series-a/ 3. Jambo | Series A funding of $30 million｜Led by Paradigm On May 10th, Jambo closed a $30 million Series A round of funding led by Paradigm with participation from Pantera Capital, Delphi Ventures, Kingsway Capital and Gemini Frontier Fund.Jambo aims to bring Web3 to Africa and create a digital economy hub in the region. Link to original article:https://www.forbes.com/sites/ninabambysheva/2022/05/10/african-crypto-startup-raises-30-million-to-build-a-web3-wechat-for-the-continent/?sh=422fd2224540 4. Paper | Raising $7.3 million｜Led by Electric Capital On May 11, crypto payment processing company Paper closed a $7.3 million round of funding co-led by Electric Capital and Initialized Capital, with participation from Polygon, FalconX, Long Journey Ventures, ThirdWeb, Night Capital and founders of Plaid, Twitch, Fractal, MagicEden, Eventbrite, Tagomi and Bison Trails. Paper allows users to create wallets with their email addresses and use credit cards (or crypto wallets) to purchase NFTs on the Polygon, Ethereum, Solana and Avalanche blockchains, providing a ‘hassle-free’ bridge to market for non-crypto consumers. Link to original article:https://ph.news.yahoo.com/polygon-among-9-3m-investment-140001837.html?guccounter=1&guce_referrer=aHR0cHM6Ly9jbi5iaW5nLmNvbS8&guce_referrer_sig=AQAAAC7nfKIs-NjNBajGk-xfiMdPQ7TLGw1JlebOuN8XU-WTLVcfKk74gXMOFQLvIqpVBcoMG_gMocD1gQjJZKNTJlupIILcKJDrN7LDVBda_tS 5. Chainalysis | Series F financing of $170 million｜Led by GIC On 11 May, blockchain analytics company Chainalysis closed a $170 million Series F round of funding at a valuation of $8.6 billion, led by GIC and Singapore’s sovereign wealth fund, with participation from Dragoneer, Durable Capital Partners, 9Yards Capital, Altimeter Capital Management, Blackstone, Sequoia Heritage and SVB Capital. Link to original article:https://www.theinformation.com/articles/chainalysis-valued-at-8-6-billion-in-gic-led-investment 6. Moralis | Series A funding of $40 million｜Coinbase Ventures and others participate On May 11, Web3 development platform Moralis closed a $40 million Series A round of funding with participation from EQT Ventures, Fabric Ventures, Coinbase Ventures and Dispersion Capital. Moralis provides developers with the infrastructure to build and publish cross-chain applications, games and NFTs, and the round will be used for product development, improving the user experience and scaling to increase its customer capacity and support a larger customer base. Link to original article:https://www.theblockcrypto.com/linked/146260/web3-development-platform-moralis-reels-in-40-million-in-series-a?utm_source=twitter&utm_medium=social 7. MARA | Raising $23 million｜Led by Coinbase Ventures On 11 May, African crypto trading platform MARA closed a $23 million funding round led by Coinbase Ventures, Alameda Research, Distributed Global, Day One Ventures, TQ Ventures and others. MARA will launch its Layer 1 public chain, powered by its native MARA Token, and will launch its beta network in Q4. Link to original article:https://www.coindesk.com/business/2022/05/11/mara-raises-23m-from-coinbase-alameda-to-spread-crypto-adoption-across-africa/ 8. BVNK | Series A funding of $40 million｜Led by Tiger Global On 12 May, crypto startup BVNK announced the completion of a $40 million Series A round of funding at a post-investment valuation of $340 million, led by Tiger Global, with participation from The Raba Partnership, Avenir, Kingsway Capital, Nordstar, Concentric and Base Capital. and other investors. BVNK provides banking and payment services for crypto-native businesses. BVNK’s customers can accept payments in both conventional and cryptocurrencies, and the service now supports hundreds of different currencies and crypto assets. Link to original article:https://techcrunch.com/2022/05/11/bvnk-grabs-40-million-for-its-crypto-banking-services/ 9. Token.io | Raising $40 million｜Led by Cota Capital On 12 May, UK startup Token.io closed a $40 million funding round led by Cota Capital and TempoCap, with participation from Element Ventures, MissionOG, PostFinance, Octopus Ventures, Opera Tech Ventures, SBI Investments and others. Token.io is dedicated to building alternative payment technologies to improve the way cross-border payments are made, including the use of cryptocurrencies. token.io divested its crypto business called M10 in 2019 and is now focused on helping banks build and run Token for creating their own digital currencies and for other purposes. Link to original article:https://techcrunch.com/2022/05/12/token-io-raises-40m-to-expand-open-banking-based-account-to-account-payments-in-europe/ 10. Oasis Pro | Series A financing of $27 million｜Gate Ventures and others participated On May 12, Oasis Pro Inc. closed a Series A round of funding of over $27 million with participation from UDHC, Blizzard the Avalanche Fund, Inveniam, Redwood Trust (NYSE:RWT), TrustLabs, Mirae Asset Venture Investment, Gate Ventures, LedgerPrime, StableNode and others. The funding round will be used to drive continued growth by building a senior management team, expanding global business development, expanding into new revenue streams, expanding the technology platform globally, and adding complementary blockchain technologies. Link to original article:https://www.businesswire.com/news/home/20220512005258/en 11. Solidus Labs | Series B funding of $45 million｜Led by Liberty City Ventures On May 12, Solidus Labs, a crypto market monitoring company, closed a $45 million Series B round of funding led by Liberty City Ventures, with participation from Evolution Equity Partners, Declaration Partners, former OCC Brian Brooks and former CFTC Chairman Christopher Giancarlo. The company was led by Liberty City Ventures, with participation from Evolution Equity Partners, Declaration Partners, former OCC Brian Brooks and former CFTC Chairman Christopher Giancarlo. Solidus Labs provides a suite of tools for parsing blockchain data against more than 50 different types of security threats, such as cleansing transactions, spoofing transactions, and pull-up and sell-down schemes. Link to original article:https://www.forbes.com/sites/ninabambysheva/2022/05/12/former-top-regulators-chris-giancarlo-brian-brooks-invest-in-crypto-risk-monitoring-startup-solidus-labs/?utm_source=TWITTER&utm_medium=social&utm_content=6962435275&utm_campaign=sprinklrForbesCrypto&sh=62a581c86945 12. Belo | Seed round funding of $3 million｜CRV and other participated On 12 May, Argentine cryptocurrency startup Belo closed a $3 million seed funding round with participation from CRV, The Venture city, Newtopia and Latitude. Belo began offering a digital wallet service in Argentina in September 2021, allowing users to buy and sell Bitcoin, Ether, DAI and USDT using Argentine pesos through the Belo wallet. Link to original article:https://www.coindesk.com/business/2022/05/12/startup-cripto-belo-levanta-3-millones-en-ronda-seed-para-expandirse-a-brasil-y-mexico/ 【DeFi】 13. Chainflip Labs | Raising $10 million｜Pantera Capital and others participated On May 11, Chainflip Labs announced a $10 million round of funding from Framework Ventures, Blockchain Capital and Pantera Capital, which will be used to build a cross-chain DEX, with the team planning to launch the first version of the DEX product later this year. Link to original article:https://www.theblockcrypto.com/post/146223/chainflip-labs-secures-10-million-for-cross-chain-dex 14. Satori | Raising $10 million｜Led by Polychain On May 13, Satori closed a $10 million round of funding led by Polychain, Blockchange, with participation from Jump Crypto, Coinbase Ventures, Portal, Acala, Astar, Parallel, Clover and Boca founder Gavin Wood. and others. Satori, a derivatives marketplace that combines AMM with an order book model and allows institutional users to respond to extreme market events with Satori’s ready-to-use API and fast execution of trades, will go live in the coming weeks, bringing decentralised derivatives to Polkadot. Link to original article:https://medium.com/satorifinance/satori-raises-10m-led-by-polychain-and-blockchange-bringing-decentralized-derivatives-to-2f29abf620ab 【GameFi】 15. Nyan Heroes | Raising $7.5 million｜Led by Kosmos Ventures On May 10, Nyan Heroes, a P2E game based on Solana, closed a $7.5 million strategic funding round at a $100 million valuation, led by Kosmos Ventures, Sino Global Capital, Shima Capital and Petrock Capital, with funding from Morningstar Ventures, 32-bit Ventures, Crypto.com, Tess Ventures, Master Ventures, Wave7, Ancient8, Drops Ventures, PANONY, Andromeda Capital, Salad Ventures Moonchain Capital and Snackclub, among others. Nyan Heroes is a third-person shooter similar to Fortnite and is expected to go live in Alpha by the end of 2022. Link to original article:https://nyanheroes.medium.com/nyan-heroes-closes-a-7-5m-strategic-round-to-rapidly-expand-team-and-scale-game-development-b20e23ec46a7 16. Branch | Raised $12.5 million｜Three Arrows Capital and other participated On May 11, gaming startup Branch closed a $12.5 million seed funding round with participation from Mechanism Play, TCG Crypto, Dragonfly Capital, Polychain, Coinbase Ventures, Three Arrows Capital, and angel investors including Polygon Studios CEO Ryan Wyatt. Link to original article:https://www.coindesk.com/business/2022/05/11/animal-crossing-meets-minecraft-branch-raises-125m-for-play-to-earn-project/ 【NFT】 17. Freeverse | Raising $10.5 million｜Earlybird Venture Capital and others participated On May 10, Freeverse, the NFT infrastructure company, announced the closing of a $10.5 million round of funding from Earlybird Venture Capital, Target Global, Adara Ventures, 4Founders Capital, OneFootball, and angel investors including football star Mario Götze, Travelperk CEO Avi Meir, OneFootball CEO Lucas von Cranach, and Taulia and Centrifuge co-founder Maex Ament. The funding will be used for marketing, as well as for product and core technology development. Link to original article:https://venturebeat.com/2022/05/09/freeverse-io-raises-10-5m-for-nft-assets-that-can-change-over-time/ 18. Co:Create | Seed round funding of $25 million｜Led by a16z On May 10th, NFT infrastructure startup Co:Create announced a $25 million seed round led by a16z, with participation from Autograph, Not Boring Capital, Amy Wu of FTX Ventures, VaynerFund, and the NFT fragmentation platform Fractional.art and The RTFKT team at NFT Studios, among others. The Co:Create protocol will provide a smart contract platform that projects can use to cast NFT and control the royalties paid on their native Token. Link to original article:https://www.theblockcrypto.com/post/146041/nft-infra-cocreate-crypto-raises-seed-funding-a16z 19. SOLARR | Seed round funding of $2 million｜MD2 Digital and others participated On May 13, SOLARR, the NFT liquidity platform, announced the closing of a $2 million seed round of funding with participation from All In Ventures Fund, JY Cap, MD2 Digital and others. SOLARR seeks to address the current illiquid, volatile and less capital efficient NFT market by injecting utility into NFT and unlocking its liquidity by building a secure, versatile and multi-chain one-stop platform that will enable widespread adoption beyond the crypto space. Link to original article:https://www.coinspeaker.com/solarr-raises-2m-accelerate-nft-utility-accessibility/ 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 Website: https://www.cgv.fund/ Twitter: https://twitter.com/CGVFOF Medium:https://medium.com/@CGVFoF

Authors: Vargason and Edwin, researchers of CGV FOF Introduction From rock paintings 30,000 years ago to NFTs in the Web3 era, humans always have been fond of works with visually striking. After the rapid development of the NFT market in 2021, the current market is gradually rational, with high-quality NFT projects constantly improving and the NFT ecosystem becoming an equal participant in finance, arts, games, and many other leading creative industries. Cryptogram Venture （CGV） deems that there is great potential for NFT works and markets in Japan. Japanese animation acts as a bridge that connects global culture. As Japan has numerous high-quality artists, animation game IPs, and a mature user market, and the application of NFT opens a new window for the development and innovation of digital IP, it will have greater discourse power in NFT. The popular Azuki NFT indicates that the market favors the mixed works integrating Eastern and Western cultures. Takashi Murakami has changed his creative strategy to make NFTs; Japan NFT Cultural Association released unique NFTs based on Yayoi Kusama’s “HANDBAG”; Rakuten, Japan’s largest e-commerce platform, launched an NFT trading and issuance platform. All of these demonstrate that the NFT market in Japan is booming. CGV will talk about them to help you know more about these projects. Azuki: The NFT favored by web3 natives Azuki is the representative NFT of Japanese 2D animation. By integrating Eastern and Western cultures, Azuki is deeply loved by web3 users due to its exquisite painting style and unique artistic style. Azuki has four models, namely human, blue, red, and spirit, which are different in hairstyle, eyes, mouth and neck, clothing accessories, background, etc. Each of its NFTs is unique. Azuki is building a strong IP for everyone. Azuki’s vision is to create the largest community-owned decentralized brand in the metaverse. Those who hold Azuki NFTs have a pass and become a member of the Azuki community. The Azuki community connects the physical and digital worlds through offline events, streetwear brand collaborations, expansion of physical collectibles, and collaborations with music artists. It intends to partner with platforms such as Sandbox VR, Decentraland, Cryptovoxels, Somnium Space to create an immersive metaverse, where Azuki will develop IP and create metaverse games and interactive experiences in a unique way. source:NFTGo.io The worldwide influence of Japanese animation made Azuki successful right after its launch, and this huge cultural power shaped Azuki’s liquidity and ultra-high floor price. When Azuki NFT went on sale in January, it was auctioned for just 1 ETH. Although the market is sluggish, its floor price is still higher than 10 ETH, and according to NFTGo.io data, the Azuki series of NFTs are also at the forefront in terms of total transaction volume. Takashi Murakami: Express Japan’s otaku culture through NFTs In Japan, Takashi Murakami is not only a widely loved artist but also an idol for the new generation of young people. In Murakami’s view, Japan’s culture before the 1990s was nothing more than a parody of Western trends. Instead, the weird phenomena manifested in otaku culture were something unique. Takashi Murakami’s works are based on contemporary Japanese pop culture. He became popular with his “ Manifesto for the Childlike”, which implanted flat characters, plants, and flowers into a trendy cultural context centered on Japan. The colorful images of cartoons allude to the connotation of contemporary Japanese culture. At the end of March 2021, Takashi Murakami released the NFT “MURAKAMI.FLOWERS”, with 108 copies. But, 10 days later, he decided not to sell it, because he thought that he didn’t truly understand NFTs. When trying something new, the biggest fear is not to do it after the first failure. In 2022, Takashi Murakami restarted his NFT project and opened an INSTAGRAM account for MURAKAMI.FLOWERS2022. Takashi Murakami hopes to launch a Himawari version of the classic black and white pixel game similar to “Tamagotchi” at the end of the year to fully explore the value of this cute image. At the beginning of 2022, the CLONE X released by Takashi Murakami and RTFKT Studios had been on the top of the sales list since its launch. According to Opensea, its current floor is 12.25 ETH. Murakami takashi’s exploration of NFT is also a multidimensional display of his works. As he said when restarting “MURAKAMI.FLOWERS” project, “It wasn’t until working with RTFKT that I learned lots about the metaverse from young people and was surprised at the results and response to this collaboration.” Mechaverse War: An Integration of Games and NFTs CGV holds that gaming has become an extension of the real world. As an absolute power in gaming, Japan makes an attempt to encourage players to participate in future gaming combining NFTs and blockchain-based metaverse. Mechaverse War (メカバースウォー), a Japanese metaverse mech game, is dedicated to creating a metaverse mecha game platform featured with real-time strategies. As a symbol of Japan, the samurai spirit is deeply ingrained in Japanese culture. Mechaverse War is inspired by the cultural background of modern Japanese anime mecha and ancient samurai armor. Based on the playable game environment, Mechaverse War intends to develop scenarios derived from NFTs, undertake the digital promotion and expansion of Japanese high-quality animation IP, and use GameFi’s value connection to build an open metaverse platform for Japanese-style animations. How can players get involved? Players can use the mecha heroes incubated by NFTs to form combat teams, trade characters, and upgrade their combat levels, thus creating more game experience such as fighting mecha monsters. The NFTs in the game will facilitate the incubation, generation and evolution of each mecha hero to ensure the uniqueness, growth, tradability and value-added attributes of the mecha. According to the Newzoo, driven by nearly 3 billion players worldwide, the global game market earned US$175.8 billion from consumers in 2021, with the majority coming from Japanese teams. Mechaverse War is providing players with a Japanese-style immersive GameFi experience and an interactive experience of NFT collections based on the powerful Japanese animation and game industry resources, IP resources, and the new direction of the encrypted metaverse world. Rakuten NFT: Rakuten’s path to NFTs Rakuten, Japan’s largest e-commerce platform, is a pioneer in Japan’s web3 era. It established a blockchain laboratory in August 2016 and provided encrypted wallet-related services in August 2019. After years of technology accumulation, on February 25 this year, Rakuten decided to launch Rakuten NFT, an NFT trading and issuance platform. Although the platform is only open to people in Japan, it brings new changes to the current NFT market centered on crypto asset investors and the tech community. Rakuten NFT will not only provide users with peer-to-peer NFT transactions in areas such as sports and entertainment (including music and animation) but will also provide a platform for IP copyright owners to sell NFTs. Users can use their Rakuten ID to earn or spend Rakuten Points during transactions. Any NFT purchased on the platform can be added to the buyer’s favorite on their own webpage, and can be sold on the marketplace. According to CGV, Rakuten has a host of sports-related partners and operates a number of entertainment-based products, which are of great help to the development of Rakuten NFT. Rakuten NFT plans to release J.League NFT Collection Players Anthem and develop Rakuten NFT Art Gallery. CGV argues that traditional giants like Rakuten with advantages such as a large user base and profound resources will easily attract market attention if they enter the NFT field based on its genes and expertise. Summary The development of NFTs accelerates the direct economic connection between creators and fans, which confirms Kevin Kelly’s prediction in “1000 True Fans”. In Japan, a country with a large number of renowned IPs, NFTs will activate creators and works that are well-known and dormant, providing a playground for creating new types of media that bridge the gap between the physical and digital worlds. CGV uses Yayoi Kusama’s art declaration to summarize the future development of NFTs in Japan, “I am always avant-garde. I am different from other old people. I have been an avant-garde artist since decades ago, and I am still an avant-garde artist.” As a part of web3 era, NFT is embracing Japan. Note:This article is a CGV FoF research paper and is for reference only. It does not constitute any investment proposal. 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. Website: https://www.cgv.fund/ Twitter: https://twitter.com/CGVFOF Medium: https://medium.com/@CGVFoF Reference: https://www.azuki.com/ https://www.metamechawar.cc/ https://opensea.io/collection/clonex

In the tide of encryption technology, Crypto Review came into being. Initiated by cryptogram venture (CGV)FoF, with the purpose of “providing in-depth value reference for global encryption practitioners”, crypto review is committed to providing meticulous industry insights, the best investment and research practice guidance to encryption professionals and enthusiasts all over the world, And expand the positive impact of encryption consensus on more institutions and the wider population. Crypto Review is not for profit and adopts the recommendation and invitation system. The content covers: 1. Encryption trends. Pay attention to the technology, management, industry and even macro factors that will affect the behavior of the encryption industry; 2. Overview of the track. Share the latest Overview Research and analysis based on a specific vertical field; 3. Project analysis. Comprehensively and deeply interpret the early dark horse project and star project, and systematically interpret their design concept and mode. The following is a selection of crypto review articles (April 2022) TRENDS The Dawn of Consumer Crypto initial public publication time: August 20, 2021 Original link: https://tcg.mirror.xyz/vcvbWUqc2h-eAkHzXUrWA6m-nCdr9yLIQP0vz_bDibE Jarrod Dicker Partner of TCG Crypto Jacob Smilovitz Principal at TCG CR Recommendation Web3 promises to provide a new gateway for billions of users to make their lives more online through self-sovereignty, portability and ownership. The realization of such a vision is now closer and closer to us. Whether it’s culture, status and community, 24/7 marketplaces for everything, and new business models, the new form of online living that web3 brings has slowly seeped into the daily lives of more people. As the authors say, “ The dawn of consumer crypto is here. We now need to shine a light on it.” Decentralized Speed: Advances in Zero Knowledge Proofs initial public publication time: April 15, 2022 Original link: https://a16z.com/2022/04/15/zero-knowledge-proofs-hardware-decentralization-innovation/ Elena Burger Analyst, Crypto Investment Team of A16Z CR Recommendation Zero-knowledge cryptography has been one of the most significant innovations in computer science over the past 50 years. Zero-knowledge proofs (ZKP) offer unique properties that make them an important part of various blockchain scaling and privacy solutions. Today, we are currently in the early stages of a series of advances in zero-knowledge proof solutions — but just in the last decade, the improvements in speed, efficiency, user-friendliness, and decentralization have been astounding. We have evolved from a very small number of consumer-facing applications in the zero-knowledge space to an entire ecosystem of applications and blockchains providing privacy and scalability in a very short period of time. It is important to be reminded that as we go through the web3 revolution, don’t forget our original intent: to create a new world of accessibility, no trust, and decentralization. The Modular World initial public publication time: April 14, 2022 Original link: https://maven11.substack.com/p/the-modular-world?s=r Maven11 Research CR Recommendation The concept of modularity has been mentioned by many KOLs and L2 teams in the past year. To better understand how each of the different “modular” architectures work, the article is illustrated with hand drawings that very vividly describe their differences. Finally, it shows us a picture of the future of building modular stacks on top of Celestia, which is worth watching. FIELDS BLOG: Financial Infrastructures for Crypto Games initial public publication time: March 28, 2022 Original link: https://kydo.substack.com/p/blog-financial-infrastructures-for?s=w kydo incentive researcher, being advised by Dan Boneh at Stanford School of Medicine, researching on decentralized scientific funding with crypto. Aiko Game designer & individual researcher, Tokenomics & virtual economy, Part-time gaming intern of FoliusVentures CR Recommendation As the authors argue, the success of all economies is dependent on a balanced and sustainable monetary system. While the GameFi project, represented by Axie, has been an effective practice for exploring the balance between the game economy in terms of its monetary supply and demand, the extreme volatility of the in-game currency still poses a great challenge for all stakeholders. This paper suggests that embedding some tried and tested financial infrastructures into a gamer-friendly version seems to be a very good idea, And listed the specific path of “BLOG”, namely: Buybacks, Locking , Omnipool and Governance, which is very informative. Multicoin Capital: In Search of Outliers initial public publication time: April 3, 2022 Original link: https://kydo.substack.com/p/blog-financial-infrastructures-for?s=w Mario Gabriele Founder of The Generalist CR Recommendation True greatness requires stamina and persistence. For any VC, in order to demonstrate skills as an investor, it is not enough to succeed once, but must be proven through countless success stories across cycles and market conditions. How to find the next Solana, Helium and The Graph?Multicoin is working hard to find new pockets of value. Combinability, data DAO, and physical proof of work may be the answer to their thinking. PROJECTS Three counterintuitive lessons from a crypto investoooor initial public publication time: April 22, 2022 Original link: https://showerthoughts.substack.com/p/three-counterintuitive-lessons-from?s=r Richard Chen General Partner at 1confirmation CR Recommendation Crypto VC investing is a discipline that is always changing, as the entire crypto industry is changing rapidly. Is portfolio construction more important than picking the right underlying? Is it hard to pick winners in a crowded space of popular narratives? The authors cite several counter-intuitive lessons that deserve attention; after all, much of the crypto industry’s past can be a stumbling block to future growth. 11 Tips to Avoid Crypto Startup Legal Pitfalls initial public publication time: March 22, 2022 Original link: https://medium.com/dragonfly-research/11-tips-to-avoid-crypto-startup-legal-pitfalls-cc7418d8f3e4 Lindsay X. Lin Counsel & Partner @ Dragonfly Capital CR Recommendation Legal issues are the “sword of Damocles” over the heads of many crypto startups. Class action lawsuits, enforcement actions, criminal investigations, consumer harm and unexpected taxes are legal headaches that can come up at any time. The purpose of this article is to provide startup founders with some operational tips that come from years of experience up close and personal. How do cryptocurrency startups build legitimacy so they prepare themselves for the long haul? What are some common pitfalls? What kind of infrastructure should they build? 11 important tips, 11 pitfall avoidance guides. Tips to Founders Raising Capital initial public publication time: March 21, 2022 Original link: https://twitter.com/shaughnessy119/status/1505652479559716871?s=21 Tommy Shaughnessy Co-Founder of Delphi Digital CR Recommendation As a veteran of the crypto investment and research industry, Delphi has invested in over 100 projects, seen thousands of projects, and has a lot of experience drilling down into projects. In this article, Delphi Digital co-founder Tom Shaughnessy tweets some advice to project founders on raising capital, each of which is probably a mine trodden by dozens of hundreds of projects in the past. Although the text and format are slightly fragmented, it is full of dry information. For more information, please refer to Crypto Review (April 2022). Just click:https://drive.google.com/file/d/1sCwUbFOA7jhdYSCLNoZk1RyLxY1yoUsc/view

We are experiencing an explosion in Web3 investment funding, with public data showing that 51% of the investment funding received by blockchain companies worldwide in 2022 will come from the US, 18% from China, 5% from Switzerland and 4% from the UK. The blockchain market is expected to grow from $7.18 billion to $67.4 billion by 2026, at a compound annual growth rate of 68.4%.From this week’s statistics (17 projects in total), the number of GameFi (6) pitches started to rise, web3 infrastructure (6) remained the focus of pitches, and the number of NFT (4) and DeFi (1) projects slowed down. CGV and CTC have put together a roundup of the week’s noteworthy pitches in the global crypto market. The following is a summary of the global crypto market’s noteworthy investment and funding information from 23 May to 29 May. 【Infrastructure】 1. Afriex｜Series A funding of $10 million｜Led by Dragonfly Capital On May 24, Afriex, an African blockchain fintech company, announced the completion of a $10 million Series A round of funding led by Sequoia Capital China and Dragonfly Capital, with participation from Goldentree, Stellar Foundation and Exceptional Capital. Afriex is valued at US$60 million. Afriex, which helps users convert funds to Stablecoin and provide money transfer services primarily on the African continent, raised a seed round of $1.3 million in May 2021. Link to original article:https://www.thenicheng.com/afriex-raises-10m-to-boost-blockchain-money-transfer/ 2. Common｜Raising $20 million｜Polygon and others participated On 24 May, DAO management platform Common closed a $20 million round of funding with participation from Spark Capital, Polychain, Jump, Wintermute and BitDAO. The new funding will be used to drive the further development and decentralisation of its community management platform, Commonwealth, and to launch its own Token CMN. in addition, Common plans to later launch an app shop for DAO, allowing each community to choose its own features. Link to original article:https://decrypt.co/100437/common-raises-20m-to-build-dao-management-platform-launch-token 3. MetaEstate｜Strategic round of equity financing｜Led by Matrixport and SevenX Ventures On May 25, MetaEstate, a metaverse provider, closed its latest multi-million dollar strategic round led by Matrixport and SevenX Ventures, followed by Everest Ventures Group, Y+ Ventures and other institutions, and the previous round’s investor, Japanese fund Cryptogram Venture ( CGV) continues to follow. In addition, several crypto-investor partners participated in their individual capacities. MetaEstate is a metaverse service provider that aims to help more users make a low barrier entry into the metaverse world and to quickly establish a sense of presence and belonging in the metaverse. Link to original article:https://www.newsbtc.com/press-releases/metaestate-has-closed-a-multi-million-dollar-strategic-round-of-funding-led-by-matrixport-and-sevenx-ventures/ 4. StarkWare｜Series D funding of $100 million｜Led by Greenoaks Capital On May 25, StarkWare, the Ethernet Layer 2 development company, announced the completion of a $100 million Series D funding round led by Greenoaks Capital and Coatue, with participation from other existing and new investors including Tiger Global, for $8 billion. The new funds will be used to advance its product, engineering and business development, to grow its ecosystem around StarkEx and StarkNet, and to expand its team. Link to original article:https://www.theblockcrypto.com/post/148672/starkware-raises-series-d-funding-8-billion-valuation 5. ZenLedger｜Series B funding of $15 million｜Led by ParaFi Capital On May 25, ZenLedger, a cryptocurrency tax services company, announced the closing of a $15 million Series B funding round led by ParaFi Capital, with participation from Bloccelerate VC, King River Capital, G1 Ventures, Main Street Investment, Three Point Capital, Shorooq Partners, VaynerFund, Blizzard Fund and AngelList Quant Fund. Three Point Capital, Shorooq Partners, VaynerFund, Blizzard Fund and AngelList Quant Fund. ZenLedger helps Token holders deal with the ambiguity of crypto taxes by collecting transaction data from wallets, trading platforms and NFTs. Link to original article:https://www.coindesk.com/business/2022/05/25/zenledger-raises-15m-to-expand-crypto-tax-products/ 6. Transpose｜Raising $3 million｜Led by MaC Venture Capital On May 27th, Transpose, a blockchain API platform, announced a $3 million funding round led by MaC Venture Capital with participation from HOF Capital, Soma Ventures and Pareto Ventures. Transpose provides a wide range of data for development, including underlying blockchain data, asset layer data and account data. Link to original article:https://www.alleywatch.com/2022/05/transpose-data-api-readable-platform-blockchain-web3-michael-calvey/ 【DeFi】 7. Spritz Finance｜Pre-seed round raises $2.5 million｜Ledger Prime and others participated On May 25, Spritz Finance announced the closing of a $2.5 million pre-seeded round of funding with participation from Ledger Prime, OrangeDAO, Shima Ventures, DCG Genesis, Awesome People Ventures and others. The funding will be used to expand the team and further develop the product. Spritz Finance has completed its crypto payments integration and supports cross-chain payments, allowing users to complete payment transactions for bills and other services directly through the DeFi protocol without the need for a bank. Link to original article:https://ourbitcoinnews.com/spritz-finance-raises-2-5-million-in-pre-seed-funding/ 【GameFi】 8. MetaKing Studios｜Seed round funding of $15 million｜Led by Bitkraft Ventures On May 25th, MetaKing Studios closed a $15 million seed funding round led by Makers Fund and Bitkraft Ventures, with participation from Delphi Digital, Animoca Brands, Shima Capital, WW Ventures, Spartan Group, Huobi Ventures and others. MetaKing Studios will use the funding to accelerate the development of its medieval strategy MMO, Blocklords, which is expected to launch in early stages this year. Link to original article:https://venturebeat.com/2022/05/25/metaking-studios-raises-15m-for-blockchain-mmo-blocklords/ 9. Cinder Studios｜Led by Animoca Brands On May 25, Cinder Studios announced the completion of a Series A round of funding led by Animoca Brands for an undisclosed amount, which will be used to accelerate product development, including developing P2E games, casting new avatars and launching their own exclusive Token. Link to original article:https://wildfire.news/2022/05/24/cinder-studios-receives-investment-from-animoca-brands/ 10. Joyride｜KuCoin Ventures and others participated On May 25, Web3 game development platform Joyride closed a new round of funding from KuCoin Ventures for an undisclosed amount, which will be used to grow Joyride’s team, further develop the platform, and launch its first game. Link to original article:https://www.businesswire.com/news/home/20220525005095/en/KuCoin-Ventures-Invests-in-Joyride-Games-Inc.-a-Web3-Publishing-Platform-for-Game-Creators-Which-Will-Be-Supported-By-KuCoin%E2%80%99s-100-Million-Creators-Fund 11. Machinations.io｜Series A funding of $3.3 million｜Led by Hiro Capital On May 25th, Machinations.io, a Web3 game development platform, announced the closing of a $3.3 million Series A round of funding led by Hiro Capital. Machinations.io is dedicated to solving the difficulties of designing game economy systems, and the funds will be used for staff recruitment and feature development. Link to original article:https://www.benzinga.com/pressreleases/22/05/b27392682/machinations-io-raises-3-3m-in-series-a-round-led-by-hiro-capital 12. Cantina Royale｜Raising $4.5 million｜Led by Elrond On May 27th, Cantina Royale, a P2E shooter, announced a $4.5 million funding round led by Elrond and Mechanism Capital, with participation from Crypto.com, Morningstar Ventures, Animoca Brands, Skynet EGLD Capital, GBV Capital, Good Games Guild, Chingari and others. Link to original article:https://cryptobriefing.com/elrond-based-cantina-royale-to-launch-free-to-play-play-to-earn-game-on-ios-and-android/ 13. Monoverse｜Raised $3.1 million｜KOREIT Participation On May 28th, Monoverse, a P2E game development company, announced that it had closed a $3.1 million funding round with participation from Korea Real Estate Investment and Trust (KOREIT), a Korean real estate fund. Link to original article:https://igaming.org/crypto/p2e-game-developer-monoverse-raises-over-3m-from-korea-real-estate-investment-and-trust/ 【NFT】 14. HALO｜Led by Kucoin Labs On May 25th, HALO, a 3D virtual image NFT project, announced the completion of a multi-million dollar seed funding round led by Kucoin Labs, with participation from GeekCartel and others, with undisclosed funding information. Link to original article:https://twitter.com/HALONFTOFFICIAL/status/1529372437262938112 15. ArtistFirst｜Seed round funding of $5.5 million｜Led by Multicoin Capital On 25 May, music NFT startup ArtistFirst announced the closing of a $5.5 million seed round led by Multicoin Capital with participation from Krafton, Pravega Ventures, GAMA, Woodstock Fund, IOSG Ventures, Polygon Studios, Gokul Rajaram, Prashant Malik and Miten Sampat, among others. The funding round will be used to expand its technical team and industry partnerships and to recruit artists. ArtistFirst is the operator and developer of FanTiger, an NFT music platform that helps artists create and sell music NFTs. Link to original article:https://www.freepressjournal.in/business/nft-music-platform-fantiger-raises-55-mn-in-seed-funding-to-empower-independent-artists 16. Primitives｜Seed round funding of $4 million｜Led by Redpoint On May 25th, Primitives, Solana’s on-chain NFT app, announced a $4 million seed round led by Redpoint with participation from Union Square Ventures, Harlem Capital, Stellation Capital and others. Primitives is an application that helps users create and share NFTs for free. Link to original article:https://martechseries.com/technology/primitives-raises-4-million-to-redefine-nfts-through-new-social-network/ 17. Jupiter Exchange｜Seed round funding of $5 million｜Led by White Hilt Capital On 27 May, asset trading platform Jupiter Exchange announced the completion of a $5 million seed funding round led by White Hilt Capital, which has created a simple trading process that enables alternative assets such as art, cars, sneakers and other pop culture memorabilia to be minted into “ownership” NFTs, which can be subdivided into individual ownership tokens that can be listed on the Jupiter Exchange for secondary trading once they are sold out. NFTs, which can be subdivided into individual ownership Tokens, can be listed on the Jupiter Exchange for secondary trading once they are sold out on the Jupiter Marketplace. Link to original article:https://cryptodaily.co.uk/2022/05/jupiter-exchange-raises-5-million-in-seed-funding-for-first-publicly-available-alternative-asset-exchange About CGV FoF: Cryptogram Venture 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.

By: Lynn, CGV FoF Research Fellow Foreword: Currently, South Korea is actively exploring virtual asset-related laws and preparing to formulate copyright policies on NFTs, which will lay a solid foundation for developing blockchain Web3.0 in South Korea. Klaytn intends to be a scalable and interoperable public blockchain platform as a trustable metaverse blockchain. CGV Research believes that with the clear trend towards virtual asset compliance in South Korea, Klaytn can leverage its strengths to become the infrastructure of the ecologically prosperous metaverse. 1. Basic introduction to Klaytn 1.1 What is Klaytn Klaytn is an enterprise-class distributed blockchain platform centered on services. Developed by Internet giant Kakao Corp in 2019, Klaytn 1.0 aims to become a blockchain for mass use, building usable blockchain programs for enterprises in various industries. Klaytn is backed by Kakao, a South Korean social networking giant, and has received extensive support from the government and banks in South Korea. In addition, the project deploys the global ecosystem through more than 30 strategic partners such as Binance, LG Electronics, SK Telecom and MakerDao. In 2021, Klaytn integrated with OpeaSea, bringing its NFTs into the largest NFT market. In 2022, Klaytn 2.0 is actively shifting to serve as the infrastructure of the metaverse, with an emphasis on the metaverse, GameFi and the creator economy. Recently, it has stimulated projects on web 3.0 and the meta-universe. For example, the Klaytn Foundation and F10 (a global fintech incubator) selected 5 startups from more than 100 applicants to participate in the inaugural Klaytn Incubation Program. These companies will make innovations in gaming, social and content to become part of the metaverse. 1.2 Klaytn’s strategic partners and cooperative institutions The Klaytn Governance Council, a consortium of multinational corporations and organizations, is responsible for operating a network of consensus nodes and promoting the development of the ecosystem. Currently, the Council has 31 members, such as KaKao, Binance, LG Electronics, Hashkey, with industries covering blockchain, social networking, digital assets, gaming, and entertainment. Klaytn has established partnerships with blockchain platforms in traditional fields, including entertainment, games, social media, and other industries to create industry-wide platform ecological services. It has 42 cooperative institutions such as Wemade tree, Hint Chain, Humanscape, Sportsplex, and Atlas. Since August 2021, Klaytn has signed strategic partnership agreements with five foreign companies: 1) It works with GMO Internet Group, a Japanese tech giant, to explore the Klaytn-based blockchain application scenarios, including the issuance of the stable coin pegged to the Japanese yen; 2) It partners with the Digital Innovation Factory, subordinated to the Sanlam Group in Indonesia, to create blockchain-based applications, including asset management solutions, supply chain traceability, and the use of NFT in gaming and entertainment; 3) It cooperates with East NFT, an Asian NFT trading platform, to strengthen the cryptocurrency economy of the global LGBTQ community and expand its collaboration with major art, music and entertainment sectors worldwide through NFT; 4) It joins forces with Animal Concerts, a US entertainment group, to create NFTs for top celebrities, with the first round of collaboration starting in the first quarter of 2022; 5) It has set up an incubation program with F10, a global fintech incubation center, to nurture blockchain startups in Singapore. 2. Klaytn Ecology DeFi applications are the underlying facilities of the blockchain. Klaytn 1.0 has built a decentralized exchange based on the AMM mechanism and a lending protocol with basic financial functions. Klaytn2.0 focuses on the development of the metaverse ecology, and NFT is the cornerstone of the metaverse. Klaytn is one of only four chains currently available on OpenSea, the world’s largest NFT trading platform. The other three chains are ETH, Polygon and Solona. There are nearly 600 projects listed by OpenSea on Klaytn, but most projects have low transaction volume and small number of holders. Therefore, CGV selects excellent projects for analysis through the three dimensions of transaction volume, number of holders, and activity. 2.1 DeFi infrastructure Klayswap Klayswap is a decentralized exchange for the AMM mechanism on Klaytn. During February 2022, Klayswap had more than 39,000 users (wallets related to DAPP’s smart contracts) and made more than 333,000 transactions regarding DAPP’s smart contracts, generating more than $678 million in revenue. ClaimSwap ClaimSwap is a decentralized exchange on Klaytn, targeting Sushiswap. ClaimSwap allows on-chain exchange of various cryptocurrencies in the Klaytn ecosystem. With a current TVL of 62.39 million, it is the second largest DEX on Klaytn. KlayBank KlayBank is Klaytn’s first Flashloan Lending protocol. Klaybank provides deposit, lending, bond, staking, and flash loan digital asset services. The current asset size of KlayBank is nearly US $ 46 million, mainly including Klay, KUSDT, KETH, KDAI, KWBTC, and other mainstream assets. KlayBank’s token is KBT, which is mainly used in liquidity supply incentives, ecological incentives, governance, etc. 2.2 Metaverse and NFTs Klayland Klayland aims to be a blockchain-based communication platform that supports the free migration and establishment of communities for Klaytn-based NFT projects. Community participants own land or engage in productive activities, and a portion of the profits generated by market transactions is distributed to the holders. Klayland is currently in its early stages and will build 3D virtual spaces in the future. MetaKongz Meta Kongz is a Klaytn-based PFP project that aims to create a MULTI UNIVERSE that combines multiple worldviews through NFTs. The total number of Meta Kongz is 10,000. Its current floor price on OpenSea is 14,200Klay, with the transaction volume reaching 2.61 million Klay. Meta Kongz has its own token MKC (MEKONG Coin), which can be obtained by holding Meta Kongz for mining, and can be used for breeding offspring in demand scenarios. Baby Kongz (a total of 20,000) can be reproduced using two Meta Kongz and consuming a certain amount of MKC. Besides, Meta Kongz has its stories. Similar to MAYC derived from BAYC, Mutant kongz and G.rilla kongz are both variant styles, with a total number of 20,000, and the current floor price is 1590Klay. 2.3 GameFi project KlayCity KlayCity is a game where players can own and upgrade lands in a virtual world. KlayCity is a P2E game developed based on the Klaytn network, which takes place in 2080 and replicates the scene of the earth. Players can use NFTs, LAY tokens and ORB tokens to participate in various activities, including scavenging, exploration and upgrading. It has obtained the support of KAKAO, the Korean version of WeChat. The investment was led by Krust and Animoca Brands, with participation from Naver Z, FriendsGames, A&T Capital, OKX Blockdream Ventures, Genesis Block Ventures, Kyros Ventures, ROK Capital, StableNode, PlayDapp, HG Ventures, Exnetwork Capital founder Eric Zoo, and Kwon Do. StableNode, PlayDapp, HG Ventures, Exnetwork Capital, Kwon Do, etc. MetaToyDrago MetaToyDragonZ is a P2E game based on the pixel, and the NFT characters are toy dragons. At present, 9,999 MTDZs have been issued. In OpenSea, the floor price is 1630Klay, and the transaction volume has reached 1.69 million Klay. It plans to make games and develop metaverse. MTDZ will be the credential to govern the DAO and enter the metaverse. SlimeFarm SlimeFarm is a P2E mini-game with the image of Slime as its theme. At present, the total number of Slimes is 10,000. Its transaction volume on OpenSea is 1.7 million Klay, with a floor price of 157 Klay. Slime can be used to mine Pluton, the game’s basic token, for consumption in future game scenarios. Slime can also be upgraded to more advanced forms through synthesis for faster mining. Two Slime synths can be upgraded up to level 5. SlimeFarm has launched farms, with a total of 1,000 farms. Holders can choose to mine by themselves or rent them out. The current floor price of Slime Land on OpensSea is 3000Klay. 3kingdom 3kingdom is a strategy game based on the Three Kingdoms. It plans to integrate various elements such as skills, items, and skins with NFTs to seek a true balance between NFTs and games. 3kingdom has multiple mode, normal mode, war mode, default mode, and reward mode for users to play for free or hold NFTs for incentives and increases. The game is expected to launch in the fourth quarter of 2022. 3. Summary CGV believes that the long-term logic for the future blockchain construction lies in the metaverse, and Klaytn aims to be builder’s preferred metaverse blockchain, making it in a favorable position in the competition. Under the leadership of Kakao Corp, it may be an innovative way to develop by concentrating superior resources to create a metaverse ecology. Currently, the application protocols on Klaytn are homogeneous, with DEX and Lend having lower TVLs compared to other public chains. Additionally, it has developed NFT cultural content innovations such as MetaKongz to build the Klayland metaverse with Korean characteristics. GameFi is an important part of the metaverse concept, but good games on Klaytn need to be developed. Klaytn’s ecological construction relies more on the form of “centralization”, which is the main reason for its lack of ecological content at present. With the further implementation of regulations on virtual assets in South Korea, more traditional enterprises will enter the metaverse, ecological content will be more prosperous, and the alliance chain may play to greater advantages. Note: This article is a CGV FoF research paper and is for reference only. It does not constitute any investment proposal. About CGV FoF: Cryptogram Venture 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.

As the Crypto market has fallen sharply, investor interest in NFT has also declined significantly. From this week’s statistics (19 projects in total), the number of pitches for NFT (2) and DeFi (2) projects has dropped sharply. web3 infrastructure (8) remains the focus of pitches, GameFi (4) is starting to see an uptick in pitches and DAO (1) projects are starting to see an increase in pitches. cgv, in association with CTC, has put together a week of notable pitches in the global crypto market. The following is a roundup of the global crypto market’s notable pitches from 30 May — 5 June 2022. 【Infrastructure】 Cloudwall｜Seed round funding of $6.3 million｜Led by LocalGlobe On June 1, Cloudwall Capital, a digital asset risk management platform, announced the closing of a $6.3 million seed round led by LocalGlobe and Illuminate Financial, with participation from IA Capital Partners, Eberg Capital and Nemo Ventures, as well as a group of angel investors from the DeFi and traditional finance sectors. Link to original article:https://www.techinasia.com/sg-crypto-firm-cloudwall-bags-63m-seed 2. FinTron｜Series A financing of $6.5 million｜Webster Bank and others participated On June 1, FinTron, a crypto investment and finance app, announced the closing of a $6.5 million Series A round of funding with participation from AUA Capital Management, Connecticut Innovations, Sage Venture Partners and Webster Bank. FinTron provides personal finance services to the Z-generation and millennial audiences. Link to original article:https://www.benzinga.com/pressreleases/22/06/n27495342/fintron-raises-6-5m-in-series-a-funding-round-to-bring-greater-financial-freedom-to-the-mobile-fir 3. Dework｜Seed round funding of $5 million｜Led by Paradigm On June 1st, coworking tool Dework closed a $5 million seed funding round led by Paradigm and Pace Capital, with participation from former Coinbase CTO Balaji Srinivasan and Polygon founder Sandeep Nailwal. Link to original article:https://www.coindesk.com/business/2022/06/01/paradigm-backs-5m-round-in-dao-management-platform-dework/ 4. Big Whale Labs｜Seed round funding of $3.8 million｜Led by M13 On June 1, Big Whale Labs, a privacy protocol development company, announced a $3.8 million seed round led by M13 and Road, with participation from Slow Ventures, C2, Goodwater, Panache, NFR, former Coinbase CTO Balaji Srinivasan, and Roman, founder of Tornado Cash. Link to original article:https://www.theblockcrypto.com/post/149180/pseudonymity-startup-big-whale-labs-raises-3-8-million-seed-round 5.SIZE｜Seed round funding of $6 million｜Led by Three Arrows Capital and others On June 1st, on-chain OTC platform SIZE closed a $6 million seed funding round led by Three Arrows Capital, Wintermute and Mgnr, with participation from Alameda Research, D1 Ventures and Genblock Capital. SIZE makes it easy for users to participate in sealed bid auctions for vested and unvested Tokens, and is currently working on an MVB version of the product. Link to original article:https://www.theblockcrypto.com/linked/149625/size-raises-6-million-backed-by-three-arrows-wintermute-mgnr-and-more?utm_source=twitter&utm_medium=social 6. GoSats｜Pre-A round of funding of $4 million｜Y Combinator and others participate On June 1st, Bitcoin rewards platform GoSats closed a $4 million Pre-A round of funding with participation from Y Combinator, Accel and Gossamer Capital, among others. GoSats allows customers to earn bitcoins as cash back from transactions through its platform. Link to original article:https://www.techinasia.com/indian-bitcoin-rewards-firm-earns-4m-preseries-money 7. Laevitas｜Seed round funding of $2.5 million｜Led by Three Arrows Capital On June 2, Laevitas, a crypto derivatives data analytics platform, announced the closing of a $2.5 million seed funding round led by Three Arrows Capital and DeFiance Capital, with participation from CMS, Astronaut Capital and others. Laevitas launched in early 2021 and currently provides data analytics on crypto futures and options markets for users as well as several hedge funds, market makers and trading firms. Link to original article:https://medium.com/laevitas/announcing-our-2-5m-seed-round-a58d349282f2 8. Anmol Network｜Seed round funding of US$1 million｜Led by AU21 Capital On June 3, Web3 infrastructure startup Anmol Network announced the closing of a $1 million seed round led by AU21 Capital with participation from MEXC Global Exchange, YBB Foundation, Lotus Capital, Danish Chaudhry, HG Ventures and Rob Hanneman. Link to original article:https://nation.com.pk/2022/06/03/pakistan-based-startup-raises-1m-to-make-blockchain-more-accessible/ 【DeFi】 9. Smart Chain DeFi｜Series A funding of US$16 million｜Led by Binance Labs On 31 May, Smart Chain DeFi, the DeFi protocol, announced the completion of a $16 million Series A funding round led by Binance Labs, with participation from Adrian Kolody, founder of unmanaged DEX Domination Finance, and others. Smart Chain DeFi is a one-stop Liquidity-as-a-Service (LaaS) DeFi protocol based on BNB Chain, which was invested in an angel round by Binance’s $1 billion Growth Fund. Link to original article:https://www.digitaljournal.com/pr/smartchain-defi-announces-a-16-million-series-a-round-led-by-binance-labs-to-build-a-one-stop-infrastructure-for-its-web3 10. Alloy｜Pre-seed round raises $3 million｜Led by Headline Ventures On May 31st, DeFi platform Alloy announced the closing of a $3 million pre-seed round led by Headline Ventures with participation from Guillaume Pousaz, founder of Checkout.com, Nicolas Julia, founder of Sorare and Seedcamp. Alloy aims to build a DeFi platform for institutional investors, which will be launched in the second half of 2022. Link to original article:https://www.theblockcrypto.com/linked/149384/checkout-com-founder-backs-defi-platform-alloy-in-3-million-pre-seed-round 【GameFi】 11. Village Studio｜Pre-seed round funding of €2.1 million｜Led by Animoca Brands On May 30th, gaming platform Village Studio announced the closing of a €2.1 million pre-seed funding round led by Animoca Brands, with participation from Venrex, AngelHub, K3, WinZO and others. Village Studio hopes to help Web3 games improve interoperability and provide value to players and developers, and to expand its team and develop its game platform with the support of this round of funding. Link to original article:https://www.pocketgamer.biz/news/78896/founded-rovio-zynga-veterans-village-studio-raised-21-million/ 12. Chibi Clash｜Raised $3 million in a private placement round｜Jump Capital and others participated On May 31, Web3 game Chibi Clash announced the closing of a $3 million private funding round with participation from Alliance, Genblock Capital, Jump Capital, C² Ventures, Kyros Ventures, NGC Fund, PetRock Capital, Polygon Ventures, Shima Capital, Avocado DAO, Rainmaker Games and others. Polygon Ventures, Shima Capital, Avocado DAO, Rainmaker Games, and others. Chibi Clash is building a Web3 game world centered around its flagship car fighting game, where players can unlock weapon upgrades using NFT. Link to original article:https://u.today/chibi-clash-next-gen-metaverse-game-secures-3-million-announces-ido 13. Walken｜Raised $4.7 million｜Led by Infinity Ventures Crypto On June 2, Walken, a Solana-based Move to Earn chain game, announced a $4.7 million funding round led by Infinity Ventures Crypto and Shima Capital, with participation from Morningstar Ventures, Ghaf Capital Partners, Huobi Ventures, and Dex Ventures. Huobi Ventures, Dex Ventures, and others. The funding will be used to rapidly scale up game development and further improve the product on a sustainable economic basis. Link to original article:https://cointelegraph.com/press-releases/move-to-earn-wellness-project-walken-seals-47m-funding-round 14. Red Village｜Seed round funding of $6.5 million｜Led by Animoca Brands On June 3, Red Village, a P2E game, announced the closing of a $6.5 million seed funding round led by Animoca Brands and GameFi Ventures Fund, with participation from Kucoin Ventures and JellyC. Red Village is the first blockchain dark fantasy game platform with two game modes to choose from, a beta test mode and a tournament mode that brings traditional gamers together with a virtual world through an engaging game storyline and a vibrant community. Link to original article:https://cfxmagazine.com/the-red-village-announces-6-5m-seed-round-led-by-animoca-brands-and-gamefi-ventures-fund-press-release-bitcoin-news/ 【NFT】 15. Ayoken｜Pre-seed round raises $1.4 million｜Kon Ventures and others participed On May 30, NFT project Ayoken closed a $1.4 million pre-seed round of funding with participation from Founders Factory Africa, Kon Ventures, Crypto League, R9C Ventures and Maximus Ventures. The funding will be used to purchase exclusive rights and build a technical team. Link to original article:https://techcrunch.com/2022/05/30/ayoken-raises-1-4m-to-grow-its-nft-marketplace-for-creatives/?tpcc=tcplustwitter 16. Playdex｜Seed round funding of $2 million｜OrangeDAO and others participed On June 2, NFT rental marketplace Playdex raised a $2 million seed round of funding led by PDAX, Orange DAO and BukoVentures, with participation from Tinder co-founder Justin Mateen, Magic co-founder Aaron Kemmer, CSVE Ventures managing Partner NinaTeng, YawYeo of XA Network, Ray Alimurung, Chairman of Lazada PH, and Wing Vasiksiri. Playdex is an online marketplace that allows gamers and guilds to rent game assets from NFT holders. Link to original article:https://e27.co/coins-ph-founder-ron-hoses-new-nft-rental-marketplace-playdex-nets-us2m-20220602/ 【DAO】 17. Utopia｜Series A financing of $23 million｜Led by Paradigm On June 1, Utopia, a DAO payroll system, announced the closing of a $23 million Series A round of funding led by Paradigm, with participation from Kindred Ventures, Circle Ventures, Gusto, Coinbase Ventures, Infinity Ventures Crypto, and Fourth Revolution Capital. Distributed Global and Fourth Revolution Capital, among others. The new funding will be used to grow and expand the team and further improve DAO’s functionality, including Token attribution, ledger design and personnel management. Link to original article:https://mirror.xyz/utopialabs.eth/H1-KPA2HxHzow0WQt35afJl-uQtTv2alTzFqRpRXeNU About CGV FoF: CGV FoF (Cryptogram Venture 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

In the tide of encryption technology, Crypto Review came into being. Initiated by cryptogram venture (CGV)FoF, with the purpose of “providing in-depth value reference for global encryption practitioners”, crypto review is committed to providing meticulous industry insights, the best investment and research practice guidance to encryption professionals and enthusiasts all over the world, And expand the positive impact of encryption consensus on more institutions and the wider population. Crypto Review is not for profit and adopts the recommendation and invitation system. The content covers: 1. Encryption trends. Pay attention to the technology, management, industry and even macro factors that will affect the behavior of the encryption industry; 2. Overview of the track. Share the latest Overview Research and analysis based on a specific vertical field; 3. Project analysis. Comprehensively and deeply interpret the early dark horse project and star project, and systematically interpret their design concept and mode. The following is a selection of crypto review articles (May 2022) TRENDS Decentralized Society: Finding Web3’s Soul (Excerpt) initial public publication time: May 10, 2022 CR Recommendation Vitalik Buterin’s blueprint for the Web3 “Decentralized Society” (DeSoc) — a social relationship where souls and communities come together from below as a distinguishing feature of each other, creating multiple web objects and intelligences at multiple scales. The paper is noteworthy in that it is a collection of papers on the subject. Notably, this paper centers on the new humanistic possibilities surrounding the non-transferable “soul-bound” NFT. Perhaps reading it will remind you of how you felt when you first discovered ethereum, that is, hopeful for a better future and confident that we have the ideas and the means to really start making it happen. Embracing the “externality” of absurd Web3 is more important initial public publication time: May 7, 2022 CR Recommendation When we are discussing Web3, we are always concerned with the inner meaning of Web3, in fact, the externality of Web3 is also crucial. Since the birth of blockchain, externality markets have been expanding, and even externality markets will give birth to more externality markets, almost unstoppable. In the author’s view, these externality markets, too, are strengthening the platforms from which they were originally born, together building a value network. When there are multiple externality markets in a network, it becomes more immensely stronger and more powerful, providing greater externalities to the real world. Bear Market Returns Formula for Paradigm Change Finding Investment Opportunities initial public publication time: May 18, 2022 CR Recommendation In the crypto world, although there have been several rounds of bull and bear markets, new narratives, new models, and new levers have come together to open up a paradigm revolution of ups and downs each time. The authors look at the next wave of Crypto’s underlying paradigm revolution at a high level, using first-nature principles, and although they only point to ten directions, it is worth your attention and research at a high level. The next crypto wealth code may be in it. FIELDS How to make an open metaverse initial public publication time: April 15, 2022 CR Recommendation The world’s business giants seem keen to develop what they see as a ‘meta-universe’. For the revolutionaries from Web3 and the future, can they create an open meta-universe that truly belongs to the users and not the shareholders? The author gives his answer. What needs to be done next may just be to turn this blueprint plan into reality. The Future of Work is Not Corporate — — It’s DAOs and Crypto Networks initial public publication time: December 17, 2021 CR Recommendation Theoretically, blockchain-based crypto networks can break the monopoly of who controls information, who makes money, and how businesses operate, and the corporate system may no longer be applicable to the web3 era. the emergence of DAO will change the future of work, participants will share the value of the network, X-to-earn will become the future of work, people can work, create contributions, participate in the network People can earn income by working, creating contributions, participating in the network, playing games, learning, creating, investing, etc. More opportunities will be open to everyone fairly. However, the authors also point out that DAO is also in its early stages and needs professional coordination tools and a reputation system to support its continued development. How Brands Are Experimenting with Web3 initial public publication time: May 10, 2022 CR Recommendation With the Web3 boom, many companies are jumping on the bandwagon. The authors examine how three different approaches to Web3, namely: virtual products, hybrid products, and distributed ownership, will each be able to deliver immediate business value. By experimenting with each approach, brands can leverage this new Internet era to expand and enrich their digital footprint. As brands better understand the opportunities and challenges and optimize their methodologies, their early experiments may turn into long-term sustainable strategies. PROJECTS Delphi Digital: Hindsight on the Terra Crash initial public publication time: May 25, 2022 CR Recommendation The UST collapse that occurred in May 2022 was one of the most catastrophic major events in the cryptocurrency industry since Mt Gox in 2014. In the article, Delphi Digital is open and transparent about the involvement of its various divisions in Terra, and further explains their investment theories and problems, and what lessons should be learned from them. The crypto industry has been a bumpy ride, and although the Luna incident caused irreparable damage, Delphi Digital’s courageous attitude and scientific and rigorous analysis are worth learning from and acknowledging. Deep Dive on Avalanche and Subnets initial public publication time: May 5, 2022 CR Recommendation Nowadays, crypto projects, which are more and more interested in the stability and economy of development environment, are desperately looking for public chains with higher performance and lower cost, just like exploring “value pits”, and Avalanche is one of the leading ones. The innovative three-chain model of Avalanche network design, namely, X-chain (for on-chain transactions), P-chain (for coordination and governance), and C-chain (for smart contracts), can support various blockchain elements to be combined and customized by themselves, allowing anyone to deploy a blockchain that suits their application needs. This article provides an in-depth analysis of Avalanche and its subnets to give you a deeper understanding of how Avalanche differs from other L1 blockchains. Download:https://drive.google.com/file/d/1d-ub2U8zRoVXKZGvf4uLSqf2Yzh98RpR/view Website: https://www.cgv.fund/ Twitter: https://twitter.com/CGVFOF Medium:https://medium.com/@CGVFoF About CGV FoF: Cryptogram Venture 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.

With the continued downturn in the market, project valuations in the crypto market have shrunk significantly compared to previous periods. From this week’s statistics (7 projects in total), web3 infrastructure projects (2) saw a significant decrease in the number of pitches, NFT (4) projects remained the market’s focus, and DeFi (1) projects saw a significant decrease in the number of pitches. CGV, in conjunction with Cointelegraph Chinese, has put together a roundup of the week’s notable pitches in the global crypto market. The following is a summary of the global crypto market’s noteworthy pitches for 20 June — 26 June. 【Infrastructure】 1. Finhay｜Series B funding of $25 million｜Led by Openspace Ventures On June 23rd, Finhay, a Vietnamese digital investment platform, announced the completion of a $25 million Series B funding round led by Openspace Ventures and VIG, with participation from Insignia, TVS, Headline, TNBAura and IVC.Investments. Link to original article:https://www.financemagnates.com/fintech/news/investment-platform-finhay-raises-25-million-in-series-b-round/ 2. Flowdesk｜Series A funding of $30 million｜Coinbase and others participed On June 24, crypto financial services company Flowdesk closed a $30 million Series A funding round with participation from Coinbase, Ledger, Eurazeo, Aglaé Ventures, ISAI, Speedinvest, Fabric.vc and some angel investors. Link to original article:https://www.coindesk.com/business/2022/06/24/flowdesk-raises-30m-to-expand-trading-and-market-making-services/ 【NFT】 3. Astaria｜Raising $8 million｜Genesis Trading and others participed On 20 June, NFT lending platform Astaria closed an $8 million funding round with participation from True Ventures, Arrington Capital, Ethereal Ventures, Wintermute, Genesis Trading, Ledger Prime, Hypersphere Ventures, TheLAO and others. Link to original article:https://www.coindesk.com/business/2022/06/20/ex-sushi-cto-raises-8m-for-nft-lending-platform-astaria/ 4. Magic Eden｜Series B financing of $130 million｜Led by Electric Capital On 21 June, Magic Eden, the Solana eco-NFT marketplace, announced the closing of a $130 million Series B round of funding led by Electric Capital and Greylock at a post-money valuation of $1.6 billion. magicEden plans to use the funding to expand its primary and secondary markets. Link to original article:https://www.coindesk.com/business/2022/06/21/solana-nft-marketplace-magic-eden-raises-130m-at-16b-valuation/ 5. Cyan｜Seed round funding of $2 million｜Led by Animoca Brands On 24 June, Cyan, the NFT financial services protocol, closed a $2 million seed round led by gumi Cryptos Capital (gCC) and Animoca Brands, with participation from OpenSea, Fabric Ventures, Bastion Tradingm and others. Cyan, the Buy Now, Pay Later service for the metaverse, is the first protocol to provide financing options for purchasing NFTs. Link to original article:https://medium.com/@usecyan/cyan-receives-2m-in-seed-round-investment-1d172f6e17a9 6. Cryptoys｜Series A financing of $23 million｜Led by a16z On June 24, Cryptoys, a digital toy NFT platform, closed a $23 million Series A round led by a16z with participation from Mattel, Dapper Labs, Draper & Associates, Acrew Capital, CoinFund, Animoca Brands and Sound Ventures. Link to original article:https://techcrunch.com/2022/06/23/cryptoys-banks-a16z-funding-to-build-nfts-for-kids/?tpcc=tcplustwitter 【DeFi】 7. Increment｜Seed round funding of $1.56 million｜Led by ParaFi Capital On June 20, Increment, a decentralized perpetual contract, announced a $1.56 million seed round led by ParaFi Capital with participation from Delphi Digital, Dialectic, AngelDAO, LedgerPrime and SkyVision Capital. Link to original article:https://medium.com/increment-newsletter/increment-raises-1-56m-to-bring-multi-currency-perpetual-swaps-to-zksync-2-0-adb12a6f9764 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.

Due to the liquidity crisis, the crypto market has been falling recently, with the total market capitalisation of crypto assets having shrunk by nearly two-thirds compared to the high point in November last year, and the investment fever in the primary market is gradually decreasing. From this week’s statistics (9 projects in total), the number of investment and funding for web3 infrastructure projects (2) has significantly decreased, Game (4) projects are still the key investment target of the market, and the number of investment and funding for NFT (2) and DAO (1) projects has also decreased. CGV and CTC have put together a summary of the noteworthy investment and funding information of the global crypto market for the week, as follows Global crypto market investment and funding information from 13 June — 19 June 2022. 【Infrastructure】 1. ScienceMagic.Studios｜Pre-seed round raises $10 million｜Coinbase Ventures and others participed On June 13, ScienceMagic.Studios, a firm that advises brands and talent on implementing web3 technologies, completed a $10 million pre-seed round of financing, which was invested by Coinbase Ventures, Digital Currency Group (DCG) and others. Link to original article:https://www.theblock.co/linked/151724/web3-tech-advisory-firm-sciencemagic-studios-raises-10-million-pre-seed 2. zCloak Network｜Pre-A round of funding of $5.8 million｜Led by Coinbase Ventures On June 17, zCloak Network, which provides zero-knowledge proofs for public blockchains, closed a $5.8 million Pre-A round of funding led by Coinbase Ventures, with participation from Bixin Ventures, Matrixport Ventures, DFG, Sancus Ventures, KuCoin Ventures, Sanctor Capital, Hash Global and Jump Capital, among others. With the new funds, zCloak Network plans to expand its partnerships with identity data attestors, web3 applications and blockchain networks. Link to original article:https://www.theblock.co/post/152423/zero-knowledge-proof-startup-zcloak-network-raises-5-8-million?utm_source=rss&utm_medium=rss 【Game】 3. Nefta｜Raising $1 million｜Picus Capital participates On June 14th, Web3 gaming platform Nefta announced a $1 million round of funding from Picus Capital, which the company plans to use to partner with more game studios. Link to original article:https://www.animationxpress.com/technology/nefta-announces-1million-investment-from-picus-capital-to-accelerate-the-growth-of-web3-gaming/ 4. The Wildcard Alliance｜Series A financing of US$46 million｜Led by Paradigm On June 14th, The Wildcard Alliance, the Web3 Games subsidiary of indie game studio Playful Studios, announced the closing of a $46 million Series A round of funding led by Paradigm with participation from Griffin Gaming Partners, Polygon and others. The company is currently releasing a multiplayer online battle royale game. Link to original article:https://finance.yahoo.com/news/words-friends-co-founder-raises-131148207.html 5. Saga｜Raised $3.6 million｜Led by Animoca Brands On June 16, Saga, a decentralized gaming community, announced the closing of a $3.6 million funding round led by Animoca Brands, with investment from Delta Blockchain Fund, Genblock Capital, Moonchain Capital, Compute Ventures, NGC Ventures, Highstreet Ventures, M31 Capital, TsingTing Capital, Metal VC, PANONY, Rainmaker Games, Everest Ventures Group, vEmpire, SL2 Capital and AAG Ventures participated. Saga is a decentralized gaming community with a focus on expanding and enriching the metaverse through building chain-agnostic market tooling, championing emerging projects, and unlocking the power of metaverse owners, builders, and players across the globe. It can do so with cross-game non-fungible tokens (NFTs), which authenticate unique digital items using the blockchain. Link to original article:https://venturebeat.com/2022/06/15/saga-raises-3-6m-to-make-metaverse-middleware/ 6. Clockwork Labs｜Series A financing of US$22 million｜Led by a16z On June 17th, Clockwork Labs, a gaming company, announced the closing of a $22 million Series A round of funding led by a16z with participation from Supercell and others. The funding will be used to develop its community sandbox massively multiplayer online role-playing game BitCraft and to support new database technologies for games, web applications and Web3 APP. Link to original article:https://venturebeat.com/2022/06/16/clockwork-labs-raises-22m-for-community-sandbox-mmorpg-bitcraft/ 【NFT】 7. Castle｜Pre-Seed round raises $1.5 million｜Led by Dragonfly Capital On June 17, NFT Smart Wallet Castle closed a $1.5 million Pre-Seed round led by Dragonfly Capital, with participation from Palm Tree Crew, Lattice Capital, Whitestar, Framework and others, and individual investors including Andy ( Fractional), Gmoney, Jess Sloss (Seed Club), Trevor McFedries (FWB & Dapper Labs, Linda Xie, Cooper Turley, Hunter Horsely (Bitwise), Mariano Conti Jason Goldlist, John Barnett, Joshua Harris and others. Link to original article:https://mirror.xyz/castlelink.eth/RLwmbMc6Li7FUDO5B0BBJa34TaZioPwMxJHzoUWrqzI 8. Fika｜Raising $4 million｜Led by First Round Capital and others On June 19th, NFT startup Fika announced the closing of a $4 million funding round led by First Round Capital, XYZ Capital and Moment. Link to original article:https://decrypt.co/103239/silicon-valley-producers-tap-ethereum-nfts-for-user-generated-comedy 【DAO】 9. Molecule｜Seed round funding of $13 million｜Led by Northpond Ventures On June 13, Molecule, a platform where medical research projects can receive funding via decentralized autonomous organizations (DAOs), closed a $13 million seed round led by Northpond Ventures with participation from Backed VC, Shine Capital, Speedinvest and former Coinbase CTO Balaji Srinivasan. Link to original article:https://www.theblock.co/post/151539/decentralized-science-platform-molecule-raises-13-million-in-seed-funding 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.