According to Rootdata statistics, the crypto industry disclosed a total of 14 fundraising projects, with a total financing of $57.9 million last week. Compared with the past few weeks, both the number of projects and the total amount of financing shows a rapid decline. It can be seen that as the industry continues to suffer, investment institutions in the primary market are also becoming more cautious.
From the perspective of category, DeFi and NFT are popular categories this week. 4 DeFi projects, with a cumulative fundraising of $11.3 million; There are 3 NFT projects, with a cumulative financing of $13.6 million; 2 creator economies projects, with a cumulative funding of $9.8 million; 2 infrastructures projects, with a cumulative fundraising of $10 million.
From the perspective of fundraising rounds and scale, early-stage projects accounted for the largest proportion, of which 9 fundraisings were all in the range of $1–10 million, and 9 fundraisings belonged to seed round. The three projects with the largest fundraising scale are Utopia (Web3 ecosystem, €10M), Finxeed (reputation scoring platform, $10M), Revel (NFT collection and trading platform, $7.8M).
From the perspective of chain ecology, Ethereum, Solana, Aptos, Concordium, Ton and other chains all have ecological projects that have completed fundraising.
The projects worthy of attention this week are:
Revel, a NFT collecting and trading platform which allows users to create NFTs for their followers, friends or communities, also allows people to own the media content they like and follow, attracting the attention of top institutions such as Dragonfly Capital, USV, and Polygon.
Foundation Devices, a developer of Bitcoin-centric tools that include a hardware wallet. The flagship product is Passport, a $259 hardware wallet that uses a camera and QR codes for more secure communication rather than a USB or wireless connection to the outside world.
Read2N, a Web3 novel reading platform gives copy right value to NFT and users could read the content via NFT, and token system would allow users and authors to get benefits. It is a content copyright governance NFT platform with GameFi elements.
Arrakis, a DeFi protocol built on Uniswap V3 and aims to deploy a first-class automated liquidity management strategies to create deep liquidity and earn high APYs.
There were also 3 mergers in the crypto market this week, 2 of which belonged to the CeFi. Tokocrypto, one of the largest crypto trading platforms in Indonesia, was acquired by Binance, and Voyager Digital, a well-known crypto broker, was acquired by Binance.US for $1.022 billion. Both are in the stage of strategic contraction and asset claim due to the impact of the crash incident in the crypto industry to varying degrees during the year.
In addition, Rootdata added 178 projects last week, making it to a total of 6,103 projects. At the same time, there are two project collections newly added, named “Coinbase Alumni Founded Crypto Projects” and “Aave Grants Recipients”. In this way, readers can learn more about these projects from different dimensions.
Find US：
Website：https://www.rootdata.com/
Twitter：https://twitter.com/RootDataLabs
Discord：https://discord.com/invite/AeKsqq973
Telegram：https://t.me/Rootdatalabs
