Web3 dominance within crypto funding rounds has been properly documented by Cointelegraph Analysis. Along with the Web3 mega funds announced just lately, enterprise capital has additionally been making smaller, extra focused investments within the sector. On this week’s Enterprise Capital (VC) Roundup, we chronicle the newest Web3 funding initiatives and draw consideration to a sharding platform, nonfungible token (NFT) market, crypto banking answer and co-ownership infrastructure supplier.
Players, athletes and content material creators again WWVentures
WWVentures, a boutique crypto enterprise agency, has raised $15 million for its Web3 fund — placing the corporate on observe to spend money on metaverse, decentralized finance and blockchain gaming startups. The funding spherical was backed by a slew of notable avid gamers, content material creators and athletes, together with former UFC Champion Michael Bisping and Trent Alexander Arnold of Liverpool F.C. The fund will focus solely on startups with a “community-first strategy” to growth and can help their development by means of social capital and community-building help.
— michael (@bisping) September 27, 2022
Scalability-focused blockchain raises $18.2M
Ethereum Digital Machine-based blockchain Shardeum has acquired $18.2 million in seed funding from over 50 buyers, together with enterprise corporations Jane Road, The Spartan Group and DFG. Shardeum is a proof-of-stake community centered on fixing considered one of blockchain’s largest ache factors: scalability. Because the identify implies, the platform makes use of sharding — a kind of database partitioning — to extend throughput capability. Shardeum claims that its scaling capability is superior to different layer-1 blockchains.
Avalanche-native platform rises $6M for NFT market
Myna Swap, a luxurious collectible market that enables customers to transform their bodily belongings into digital twins by way of NFTs, has raised $6 million in seed funding. Buyers embody Polygon Studios, Blizzard Avalanche Fund, Spartan Capital and Wave Monetary. The platform, which gives buying and selling and vaulting providers, is geared towards collectors of sneakers, sports activities playing cards and watches and was constructed on the Avalanche blockchain. Myna Swap is ready for launch later this yr.
Alexis Ohanian backs Antic in $7M elevate
Web3 co-ownership infrastructure supplier Antic has raised $7 million in funding led by Sheva and Alexis Ohanian’s Seven Seven Six enterprise studio, with extra participation from Pantera Capital, Sound Ventures and Dapper Labs. Antic described co-ownership expertise as an rising idea inside the Web3 neighborhood that enables corporations to ascertain blockchain-based possession fashions extra simply.
Crypto banking platform closes $18M Collection A
Web3 banking platform Juno has raised $18 million in Collection A funding led by ParaFi Capital, with extra participation from Hashed, Leap Crypto and others. Juno gives a crypto-native checking account that enables customers to financial institution with their digital belongings extra simply. Following the funding spherical, Juno is planning to broaden its product choices and launch a tokenized loyalty program that enables customers to earn cash for taking their paycheck in crypto or spending digital belongings with their Juno card.
Wintermute Labs leads Zerion funding spherical
Web3 wallet and DeFi aggregator Zerion has closed a $12.3 million Collection B funding spherical led by Wintermute Labs, the enterprise arm of liquidity supplier Wintermute. Zerion will use the funding to additional develop its Web3 pockets by integrating superior information and enabling higher cross-chain id administration for Ethereum-compatible blockchains. Zerion claims that its buying and selling quantity has grown from $47 million in 2019 to greater than $1.5 billion.
The expansion of the Web3 VC trade is displaying no indicators of slowing down.
Polygon founder Sandeep Nailwal is the newest to hitch the social gathering after elevating $50 million for a brand new startup fund. https://t.co/XqEuvk5PV3
— Cointelegraph (@Cointelegraph) August 25, 2022
thirdweb lands $24M from main VC buyers
Web3 developer platform thirdweb achieved a lofty valuation of $160 million following its Collection A funding spherical that landed the corporate $24 million. The Collection A funding was led by Haun Ventures and included a number of notable buyers comparable to Coinbase Ventures, Shopify, Polygon and Protocol Labs. Based in 2021, thirdweb is growing the infrastructure layer for Web3 that might allow extra seamless app growth throughout blockchains.