Funding wrap: Gaming startups still a hot topic for risk capital providers

Funding wrap: Gaming startups still a hot topic for risk capital providers

Play-to-ear-gaming companies and services are still popular with investors who want to inject money into the crypto room.

Finally, Andreesen Horowitz (A16Z) put $ 6 million in the Web3 startup Halliday, which enables its gaming customers to buy and use digital assets in meta-verses. Hashed, A_Capital, SV Angel and other investors also participated in the financing.

In a Blog entry Akshay Malhotra and Griffin Dunaif, Co-founder: " grateful that some of the best supporters in the world share our passion for what we build. ”

Vance Spencer, co-founder of Framework Ventures, told Blockworks that gaming startups remain a popular investment for investors because three billion people in the world play games and earn half a billion people less than $ 5 a day, but have an internet connection.

"There is a huge latent market for play-to-ear games," said Spencer.

outside of gambling, crypto financing was calmer than usual last week, but investors are still committed to startups that build in this area.

Above all, Brevan Howard Asset Management has applied over $ 1 billion of institutional investors to create the greatest crypto hedge fund of all time.

The European hedge fund was previously suspicious of the crypto room and prone to caution in front of the bear market. His latest increase implies that the fund will soon play a much more active role in supporting the development of cryptocurrency startups.

XION FINANCE, a decentralized agricultural protocol of the BNB and GNOSI chains, announced in an explanation that it received an investment commitment of $ 50 million from the Gem Digital Limited, an investment company for digital assets that claimed to have invested in over 30 utility token worldwide.

The company plans to use the funds to “give everyday users the opportunity to achieve high returns, to exchange assets between several chains and to invest in animal one projects,” said Ronan QuarMby, founder of Xion Finance and CEO from Xion Global.

Gem Digital has also promised $ 25 million for Geeq, a multi-blockchain platform that uses a patent-pending blockchain consensus mechanism.

"With the capital commitment of Gem we are ready to bring companies and individuals to metavers and web3," said Ric Aselsine, CEO of Geeq, in an explanation.

The parent company of Gem Digital, Gem Capital, claims that it is "a 3.4 billion dollar-alternative investment group, which manages a diverse range of investment vehicles that concentrate on emerging markets around the world".

other venture rounds this week include:

• Ethermail, a web3 email solution or anonymous and encrypted wallet-to-wallet communication, secured a start-up capital increase of $ 3 million, led by Fabric Ventures and Greenfield One
• The blockchain data startup Coherent founded by a former coin base employee secured $ 4.5 million from the Foundry Group
• The Play-to-Earn startup Skrmiish collected a seed of $ 2.5 million, led by launch Africa.
• bits, a crypto investment app for change with a concept similar to acorns, collected a pre-seed of $ 1.2 million under the direction of Hof Capital.
• The Estonian blockchain analytics startup cookie3 secured a seed round of $ 2.5 million from The Spartan Group.

. .

The contribution Funding Wrap: Gaming Startups Still A Hot Item for Venture Capitalists is not a financial advice.