Financing: Risk capitalists continue to prioritize Web3

Financing: Risk capitalists continue to prioritize Web3

Web3 startups were also the focus of investors last week.

The cryptocurrency venture capital company Symbolic Capital under the direction of Polygon co-founder Sandeep Nailwal has raised a venture fund of $ 50 million to support the establishment of web3 companies.

Together with Kenzi Wang, co -founder of Cere, Symbolic Capital would like to use its newly applied means to support consumer -oriented decentralized apps. It previously invested in the Blinkmoon game studio and other polygon-based platforms.

On the other side of the world, in Japan, Animoca Brands KK also collected a considerable amount of money-$ 45 million-to support the efforts of Web3 and NFT in the country.

The latest capital will also flow into the securing of licenses for intellectual property (IP) of popular anime and manga series and increase the value and benefit of the company's brand.

The Estonian crypto startup, which focuses on the trade in cryptocurrency options, Bitlevex, secured $ 50 million from Gem Capital, an alternative investment group that has put millions of dollars in web3 companies last month.

Gem Capital previously promised $ 50 million for the decentralized Xion Finance Agriculture Protocol and $ 25 million for GEQ, a multi-blockchain platform that uses a blockchain consensus mechanism that is pending.

The web3 developer platform Thirdweb also secured a significant amount of money from investors this week and completed a series A worth $ 24 million under the direction of the crypto investment company Haun Ventures with the participation of Coinbase Ventures, Shopify, Shrug VC and Joseph Lacob.

Katie Haun, founder and CEO of Haun Ventures, said in a statement that she hopes that the company's investment portfolio can "accelerate the next generation of the Internet".

"Since the complexity of development in Web3 continues to increase, the experienced team from Thirdweb, under the direction of Furqan and Steven, developed an elegant solution that enables developers to build quickly and at the same time avoid costly mistakes," she said. "I am looking forward to seeing proven founders of this caliber who will dedicate their next chapter of cryptography and look forward to supporting their efforts."

Steven Bartlett, the founder of Thirdweb, is a dropout that previously built the web2 company Social Chain, worth $ 600 million. His latest project, Thirdweb, offers its users tools for starting and managing web3 projects, including NFT drops (non-fungible tokens), digital marketplaces, decentralized autonomous organizations (DAOS), games and much more.

"Web3 is the most important technological change that I have experienced in my life," said Bartlett in an explanation. "I don't think anyone really realizes how much web3 will change the world."

other worthy donation mention this week:

• The web3 startup Spectral for the credit risk assessment infrastructure secured $ 23 million from General Catalyst and Social Capital.
• Comm, a company that wants to be Web3S Discord, has launched a starting round of $ 5 million.
• Solana Mobile Stack, a subsidiary of Solana Labs, secured Dollar in Seed Financing under the leadership of SBI Holdings.

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The contribution "Funding Wrap: Venture Capitalists Continue to Prioritize Web3" is not a financial advice.