Funding Roundup: Capital and funds continue to start in crypto

Funding Roundup: Capital and funds continue to start in crypto

This week was once again a job for the area of crypto financing, since a number of investments of several million dollars and mega funds were shared with the public.

On Friday, the multichain network scale focused on Ethereum set up a $ 100 million subsidy program to finance the future of the blockchain-based play. This introduction is the latest step for the blockchain gaming area, which has grown exponentially in the past 12 months and attracts the attention of great investors and funds.

In the meantime, Binance Labs, the risk capital arm of Binance, has completed a strategic investment in a multicia liquidity protocol, Symbiosis Finance.

The financing is used to support the company in the Mainset Start and support for more Ethereum Virtual Machine (EVM) and non-EVM networks as well as the integration with various wallets, services and dapps.

"The idea is simple; we strive to learn from the market leaders, to take over their best practices, and in this way we can create something that is in demand," said Nick Avramov, co -founder and chief marketing officer at Symbiosis Finance, in A Post .

Significant new funds came into the room, including a $ 205 million funds from six investors to support investments in projects that build on the Graph Protocol, an index level for web3 and blockchain data.

SEQUOIA Capital also sets up a new sub-fund of $ 500 to $ 600 million, which mainly focuses on liquid tokens and digital assets, as a spokesman confirmed to block works on Thursday.

On a smaller scale, an alternative investment platform, Yieldstreet, her an first Crypto fund through a partnership with Pantera Capital. The company expects to raise around $ 20 million for the fund with minimum investments of $ 25,000, a spokesman told Blockworks.

from Protocol Labs have launched the decentralized open source storage network Filecoin and IPFS with Nelnet Renewable Energy Services a $ 38 million fund that focuses on improving the Internet and renewable energies in the USA.

The strategic investment is financed solar energy projects and aims to feed more energy into the network than is used by the Filecoin network. In this way, Filecoin's “responsible growth” is made possible without affecting the home power grid, it said.

"Protocol Labs is committed to promoting the next generation of the Internet, Web3, in the direction of net zero emissions," said Alan Ransil, head of Filecoin Green at Protocol Labs. "By investing in solar development with Nelnet, we build both new generation capacities in this vital public infrastructure system as well as to promote the transition to renewable energies."

Further remarkable capital increases this week are:

• Animoca Brands and Brinc have teamed up to start a guild acceleration program worth $ 30 million in order to expand the Play-to-EARN ecosystem
• Krypto-Wallet Rainbow’s Millions of dollars Series A under the direction of Alexis Ohans Venture company Seven Seven Six
• fluence labs Dollar Round led by Multicoin Capital
• Defi-loan protocol Minterest
• An open marketplace for Solana NFTS, the 4.5 million dollar starting round of Hyperspace, led by Dragonfly Capital and Pantera Capital
• Solana-operated Metaverse game Mixmob’s 7 million Dollar lift

Have a look again next week to learn more about the financing.

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The contribution Funding Roundup: Capital and Funds Continue to launch into Crypto is not a financial advice.