Animoca leads NFT3 raise, Arca launches NFT fund and Alexis Ohanian broadens crypto exposure & More Cryptocurrency News Today

Funding Rounds

▤ Summary

Venture capital funding within the cryptocurrency market is exhibiting no indicators of slowing, as main traders proceed to again promising startups in area of interest industries spanning the metaverse, nonfungible tokens (NFTs) and GameFi. The firm mentioned it’ll again “early-stage token and equity deals” and pursue extra funding alternatives through its NFT portfolio. Crypto asset administration agency Arca has created a brand new hedge fund product that enables monetary establishments to extra seamlessly combine nonfungible tokens into their portfolios. Hyperspace offers an aggregation platform, permitting customers to find and store NFTs throughout your complete Solana ecosystem. His enterprise capital agency, 776 Management LLC, was behind a $100 million Web3 progress fund in November 2021 alongside Solana Ventures.

$ Funding

$
Amount $7.5M Total raised
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Date January 31, 2022 Announcement date
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Investors - Lead investors
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Company https://nft3.com/ Funded company

▥ Classifications

industries
Fintech & Banking
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
SaaS Messaging Software Business Communication Software

▦ Linked Companies

WhatsApp
$100M to $250M
Sesami Corporation
$50M to $100M