Edition #53 - 24 FEB 2023
NFT marketplace OpenSea said today that it is temporarily eliminating its marketplace fee; two days ago, a no-fee marketplace, Blur, surpassed OpenSea in volume for the first time since it went live in October.
Decentralized gaming guild Yield Guild Games (YGG) raised $13.8M in a funding round led by DWF Labs, with participation from A16z Crypto, Galaxy Interactive, Sangha Capital Fund and Sanctor Capital.
NFT-oriented RPG by Azra Games Legions and Legends raised $10M in a seed funding round led by a16z crypto, with participation from NFX, Franklin Templeton, Play Ventures and Coinbase Ventures.
Platform for Creatives to Build Collaborative Story-Driven Worlds Strider raised $5.5M in a seed funding round led by Makers Fund and Fabric Ventures, with participation from Shima Capital, Sfermion, Magic Eden.
Blockchain-based space simulation game Million on Mars raised $3.5M in a funding round led by Great South Gate and Widus Partners, with participation from Solana Labs.
Web3 game developer Curio Research raised $2.9M in a seed funding round led by Bain Capital Crypto, with participation from TCG Crypto, Formless Capital, Smrti Lab, Robot Ventures.
metaverses & Adoption
YouTube’s new CEO loves web3. YouTube has a new CEO (Neal Mohan) and he loves NFTs, the metaverse, pina coladas and getting caught in the rain. JK on those last two, but looks like NFTs and the metaverse could be coming to YouTube soon.
Our portfolio company Ertha has built a unique Bybit Skyscraper, which is now available for players to visit and find various NFTs on display from the Bybit NFT trading platform. Take a look yourselves.
Hologram Hub, which aiming to become creators’ “homebase in the metaverse” with possibilities to “access your digital closet, customize your hologram, create PFPs or stickers with your latest look,” and more.
A Taco Bell metaverse wedding. Venture capitalist Sheel Mohnot won a contest to get married in a Taco Bell metaverse wedding later this week.
Crypto index platform Alongside raised $11M in a seed funding round led by Andreessen Horowitz, with participation from Coinbase Ventures, Franklin Templeton Investments, Village Global, Soma Capital, FJ Labs and Not Boring Capital.
Web 3 communications infrastructure Sending Network raised $12.5M in a seed funding round led by Insignia Venture Partners, MindWorks Capital and Signum Capital, with participation from K3 Ventures, LingFeng Innovation Fund, UpHonest Capital and Aipollo Investment.
Web3 crypto wallet security company Stelo Labs raised $6M in a seed funding round led by Andreessen Horowitz, with participation from First Round, Pear VC, BoxGroup, Chainforest, OpenSea, Homebrew and XooglerCo.
No-code web3 infrastructure platform Caldera raised $9M in a funding round led by Sequoia Capital and Dragonfly Capital, with participation from Neo, 1kx, Alliance and Ethereal Ventures.
Digital Asset Infrastructure Provider Taurus Raises $65M From Credit Suisse, Deutsche Bank.
Dymension (Yishay Harel, co-founder & CEO) has raised $6.7M in a private token round, thus boosting its public testnet on February 15th. Dymension is a modular #blockchain platform that leverages Cosmos and Celestia technologies.
CUB3, Inc. (Dr. Muddy Bhatt, co-founder & CTO) has completed a $6.5M funding in Series A round led by Fabric Ventures. CUB3 is a loyalty and rewarding platform that utilizes both #Web2 and #Web3 tools.
Aptos Labs has invested in Chingari (Sumit Ghosh,CEO and co-founder), a Web3 TikTok rival.
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