Overview of Investment and Financing from 12.26 to 12.31 and Review of Web3 Financing in 2022

Overview of Financing from 12.26 to 12.31

According to incomplete statistics from veDAO Research Institute, there were 8 global blockchain investment and financing events last week (12.26-12.31), a significant decrease compared to the previous week, with low enthusiasm in various sub-sectors of investment and financing this week.

Tools and Infrastructure

Investment firm Cypher Capital has injected $10 million into TON to support its blockchain infrastructure construction.

Cypher Capital, a multi-strategy cryptocurrency investment company based in the UAE, has injected $10 million into the Telegram Layer 1 Proof of Stake blockchain continuation project The Open Network (TON) to support its blockchain infrastructure construction. Bill Qian, Chairman of Cypher Capital and a member of the TON Foundation Board, stated that the new funds will drive the application of TON in the markets of the Middle East, Africa, Asia, Turkey, and India.

Asset Management

Cryptocurrency payment service provider Centbee completes a $1 million financing.

London-based Bitcoin payment service provider Centbee has completed a $1 million Pre-A round of financing, led by Bitcoin venture capital firm Ayre Ventures founder Calvin Ayre. Established in 2017, Centbee has developed a cryptocurrency wallet based on the BSV network and supports Bitcoin transfers.

NFT and Chain Games

GameFi project "Open World: The Lost Land" completes a $2 million seed round of financing.

Real-time tower defense strategy GameFi project "Open World: The Lost Land" has completed a $2 million seed round of financing, with specific financing information undisclosed. The game is scheduled to be officially launched and tokens released in early 2023, with plans to adopt a dual-token economic model and introduce NFT pledging and rental systems. The game's Alpha testing has already ended and is currently in Beta testing.

H5 game Flappy Moonbird completes a $6 million financing.

H5 game Flappy Moonbird has completed a $6 million Series A round of financing, led by LinkVC. This round of financing will be used for the development of the game series and the construction of the game ecosystem, among other purposes. Flappy Moonbird is produced by Helix Table, a studio under the French video game developer and publisher Voodoo, which has developed over 100 casual games with downloads and MAU exceeding 10 million. Flappy Moonbird previously received angel round financing from Moonbirds holders.

Web3

Web3 Twitter marketing platform Twity completes a $6.5 million financing, led by Wave Capital.

Web3 Twitter marketing platform Twity has completed a $1.5 million Series A round of financing and signed a $5 million equity agreement with related institutions, totaling a $6.5 million financing plan, led by Wave Capital. This round of financing will be used for the development and production of Twity's Web3 traffic aggregation platform to expand its influence. Twity is a Web3 advertising marketing service agency aimed at providing simpler and more effective marketing solutions for Web3 brands and creating a traffic aggregation platform in the Web3 field. Twity has launched a new program called "Promote to Earn" to encourage users to participate in the promotion of products and services.

Metaverse avatar design startup House of Blueberry completes nearly $6 million in financing.

According to the latest Form D filing from the U.S. Securities and Exchange Commission, North Carolina-based metaverse avatar design startup House of Blueberry has completed a new round of financing of $5,999,999, with two investors participating, but relevant investor information has not been disclosed. House of Blueberry focuses on designing wearable devices and clothing for 3D virtual spaces and provides personal avatars and avatars for players, with clients including metaverse gaming giants Roblox and The Mims.

Others

TradeDog Group launches a $100 million Web3 special situation fund.

TD VC's parent company, TradeDog Group, has announced the launch of a $100 million Web3 special situation fund, which will restructure and invest in projects with good products and businesses but poor token performance. TD VC is a multi-strategy fund aimed at supporting the long-term growth of the digital ecosystem.

CoinDCX Ventures plans to deploy 500 million rupees for investment in 2023.

The investment department of Indian cryptocurrency exchange CoinDCX, CoinDCX Ventures, plans to deploy 500 million rupees (approximately $6.047 million) for investment in 2023, focusing on scalable platforms, development tools, and DeFi. In addition, CoinDCX Ventures will also invest in startups that can provide a simpler user experience similar to Web 2 platforms on the Web 3 platform.

According to the year-end report from Metaverse Post, Web3 startups received a total of $7.17 billion in financing in 2022, an increase of $4.8 billion compared to 2021. Games, metaverse, and social networks were the top three categories in terms of financing, receiving $4.49 billion (62.5% of total Web3 investment), $1.82 billion (25.4%), and $259.1 million (3.6%) in financing, respectively. In addition, infrastructure, AR & VR, and AI categories received investments of $208 million, $178.6 million, and $136.5 million, respectively.

The report calculated the exact amount of investment collected from startups in the fields of games, metaverse, social networks, infrastructure, AR & VR, and AI as $7,169,997,888. Despite the impact of the bear market, the total amount is still $4.8 billion higher than in 2021.

Category Rankings

The game category became the top category of the year, while AI ranked last.

Games

Games stood out with $4.49 billion, accounting for 62.5% of total Web3 investment.

Epic Games reportedly received the largest investment in 2022. The company raised $20 billion from Sony and LEGO owner KIRKBI. Epic Games ended the year with a valuation of $31.5 billion.

Metaverse

The metaverse became the second most popular category to attract investment in 2022, just behind games. The report shows that the metaverse field raised $1.82 billion, accounting for 25.4% of total investment.

Yuga Labs, the creator of Bored Ape Yacht Club (BAYC), became the second company to raise the most funds. In March of this year, Yuga Labs raised $450 million to launch the Otherside metaverse.

Social Networks

Projects that can adapt to Web3, achieve decentralization, and maintain usability, were the third most popular category in the eyes of investors. This category raised $259.1 million in 2022, compensating for 3.6% of total Web3 investment.

CryptoSlate's exclusive content with Phaver, Aave, and Lens Protocol, as well as Lens Protocol and Polkadot's initiatives in this area, highlight the demand for Web3 social network protocols.

Infrastructure, AR & VR, and AI

The last three categories are infrastructure, AR & VR, and AI, with $208 million, $178.6 million, and $136.5 million, respectively.

Belonging to the infrastructure category, startups focusing on NFTs such as Immutable, metaverse-focused Improbable, game-focused Sky Mavis, and startup-focused AngelList also entered the top 10 startups attracting the most prominent funds. Immutable raised $200 million, AngelList raised $100 million, and Sky Mavis and Improbable each received $150 million.

Investment Expenditure

Four venture capital firms became the largest spenders this year, each saving over $1 billion in investment.

Among them, Paradigm ranked first in 2022 with $25 billion in expenditure. The company supported 31 projects, including Uniswap, Magic Eden, and Optimism, with Andreessen Horowitz following closely with a total investment of $22 billion.

The youngest venture capital firm, Hivemind, ranked third in 2022 with an investment expenditure of $15 billion, while Binance Labs ranked fourth with an investment of $10 billion.

Follow Us

veDAO is a decentralized investment and financing platform led by DAO, committed to discovering the most valuable information in the industry and dedicated to exploring the underlying logic and cutting-edge tracks of the digital encryption field, allowing every role within the organization to fulfill its responsibilities and receive rewards.

Website: http://www.vedao.com/

Twitter: https://twitter.com/vedao_official

Facebook: bit.ly/3jmSJwN

Telegram: t.me/veDAO_zh

Discord: https://discord.gg/NEmEyrWfjV