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Most pro-crypto countries

Edition #79 - 25 SEP 2023


The most pro-crypto country is...

  • India is #1 in crypto adoption. This is pretty surprising considering India charges a 30% tax on crypto gains.

  • Nigeria is #2. The country has seen a 9% year-over-year growth in crypto transactions (the 3rd biggest yearly growth in the world).

  • 6 of the top 10 countries adopting crypto are located in the Central & Southern Asia and Oceania (CSAO) region.

  • CSAO region accounts for 20% of all global crypto adoption.

  • Ukraine is the only European country ranked in the top 10.

Source: chainalysis.com




gaming developments


metaverses & AI


defi

  • ​​​​​​On-chain leveraged trading platform LeverFi (ex RAMP DeFi) raised $5M in a Strategic funding round led by Unicorn-Verse.

  • ​​Decentralized social media platform Orb Technology raised $2.3M in a Pre-seed funding round from Superscrypt, Foresight Ventures, Founders, Inc., Daedalus, ArkStream Capital, Mask Network, Hash Global, LD Capital, Aave Companies, Social Graph Ventures, Stani Kulechov, Sandeep Nailwal.

  • ​​Decentralized platform that hosts innovation competitions BeWater raised $1M funding round led by ABCDE Capital, OKX Ventures (ex OKEx Blockdream Ventures), with participation from ScalingX, Contentos.

funding rounds

  • ​​​​​​​​​​​​​​Crypto startup Bastion raises $25M round led by a16z crypto. The startup bent on bringing blockchain technology to the corporate world. Investors also include Nomura Group’s Laser Digital Ventures, Robot Ventures and crypto influencer Packy McCormick’s Not Boring Capital, among others.

  • ​​Payment and Treasury Management Solution for Businesses Fipto raised $16M in a Seed funding round led by Serena Capital, with participation from Motier Ventures.

  • visualization Bubblemaps raised $3.2M in a Seed funding round led by INCE Capital, with participation from Momentum 6 (M6), Stake Capital, LBANK Labs, V3ntures, Avalanche, Cronos Labs, AntAlpha, PAKA, Daxos Capital, PyratzLabs, Unicorn Factory Ventures (UF Ventures), Owen ‘Hasheur’ Simonin, Dyma Budorin.

  • ​​Digital asset infrastructure platform Fuze Finance raised $14M in a Seed funding round led by Further Ventures, with participation from Liberty City Ventures.

 


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