NFT projects attract $23.8M of investment from large funds

Overview of investment & funding activities in the past week

In the TOP 10 famous investments & sponsorship deals in the past week, we have:

• 3 NFT projects: Mintable, Calaxy, Community Gaming.
• 2 Community projects: Coinvise, Subsocial.
• 2 Blockchain projects: Qredo, Meson Network.
• 2 DeFi projects: Tracer DAO.
• 1 Application project: Nansen.

In the past week, no projects with Tokens have been invested more, so in this article I will only talk about projects that have not been invested in Tokens in the past week.

For the investment funds and projects mentioned below, our team has all written articles from providing basic information to analyzing and evaluating the operation model of each project, if you are interested, then can be read on CHK Insights Please!

Projects without tokens

Projects that do not have Tokens that receive investment will help the project develop and build the basic foundations of that project.

For the project itself, the supporters in this phase are very meaningful to them, so the list below does not help you in investing, but helps you select potential projects to learn about. first, look for opportunities such as participating in Testnet, IDO,… .

Below is a list of projects that have not received an investment token in the past week.

Qredo raised $16 M in Private round

What is Qredo?

Qredo is a decentralized Crypto asset management platform built on top of the Cosmos ecosystem. The project recently completed a round of funding of $ 16 M from many large investors.

Famous Funds participating: More than 6 major investors participated in this round of funding, prominent among them are:

• Coinbase Ventures: Ventures behind the current #1 exchange, Coinbase Exchange.
• Nexo: One of the largest Lending CEX platforms on the market.

Purpose of fundraising: Funds raised will be used to develop the initial infrastructure of Qredo.

Mintable raised $13 M in Series A

What is Mintable?

Mintable is an NFT issuance and trading platform backed by billionaire Mark Cuban, developed on the Ethereum and Zilliqua platforms. Last week, the project raised $13 M.

Famous Funds participating: 11 large investment funds participated in this round of funding, prominent among them are:

• Ripple: The owner of the XRP token, the market capitalization ranks TOP 6 in the market.
• Digital Finance Group: A digital asset investment company and Blockchain technology.

Purpose of fundraising: This funding will be used to scale Mintable’s operations as well as drive growth and user acquisition plans.

Nansen raised $12 M in Series A

What is Nansen?

Nansen is a prominent on-chain data analysis tool on the market. Recently, the project raised $12 M in a Series A round led by a16z.

Famous Funds participating: 5 major funds participated in this round, prominent among them are:

• a16z: Fund that invests in leading technology companies in Silicon Valley.
• Coinbase Ventures: Ventures behind the current #1 exchange, Coinbase Exchange.

Purpose of fundraising: Funds raised will be used for the following 4 things:

• Recruitment.
• Database platform development.
• Expand the community of investors, funds,…
• Expand to other Chains.

Calaxy raised $7.5 USD

What is Calaxy?

Calaxy is an ecosystem for creators, allowing them to issue tokens and interact with their fans. Calaxy was founded by NBA player Spencer Dinwiddie. Last week, the project successfully raised $7.5 M.

Famous Funds participating:

• NGC Ventures: One of the oldest Crypto Funds on the market.
• Genesis Block Ventures: The leading Crypto asset investment fund in Hong Kong.

Purpose of fundraising: The new funds will be used to build Calaxy’s infrastructure and add new features for creators on Calaxy’s platform.

Tracer DAO raised $4.5 M round of Strategic

What is Tracer DAO?

Tracer DAO is a Decentralized Derivatives Protocol. The project recently completed a Strategic $4.5 M round funding.

Famous Funds participating:

• Framework: Ventures is well known for investing heavily in Synthetix and Chainlink early on.
• Apollo Capital: A professional crypto asset management fund.

Purpose of fundraising: The money in this funding round will be used to recruit new developers to join the Tracer DAO team and help bring the project to Layer-2. Arbitrum.

Meson Network raised $3.5M seed round

What is Meson Network?

Meson Network is a Layer-1 Blockchain platform. Last week, the project successfully raised $3.5 M seed round.

Famous Funds participating:

• Digital Currency Group: A venture capital firm, focused on the digital asset market.
• Mask Network: The project was created with the aim of becoming a bridge connecting internet users from Web 2.0 to Web 3.0.

Purpose of fundraising: The money raised this time will be used to develop the initial infrastructure of the project.

Coinvise raised $2.5 M seed round

What is Coinvise?

Coinvise is a Social Token issuance platform. The project recently completed a $2.5 M seed round funding.

Famous Funds participating: Many famous funds in the Terra ecosystem participated in this round of funding, including:

• DeFi Alliance: An investment fund focused on the DeFi ecosystem, with the goal of bringing 1 billion users to DeFi.
• Global Coin Research: A Blockchain technology and market research company in Asia.

Purpose of fundraising: The money raised will be used to incentivize Developers to establish an open economic ecosystem on Web3.

What is Community Gaming?

Community Gaming is an e-sports platform using Blockchain technology. Last week, the project successfully raised $2.3 M seed round.

Famous Funds participating: There are many large funds participating in this round of funding, the two most prominent funds can be mentioned as:

• Dapper Labs: The company has developed many large NFT projects such as Flow, CryptoKitties, NBA Top Shots, ..
• Multicoin Capital: Famous investment fund in the market, invested by Binance.

Purpose of fundraising: This funding will be used to expand the team and expand the influence of the platform in Latin America and Southeast Asia.

Syndicate raised $800 K from the community

What is Syndicate?

Syndicate is a decentralized investment platform. Last week, the project completed $800K crowdfunding, including early users, partners,…

Purpose of fundraising: The money raised this time will be used to develop the initial infrastructure of the project.

Subsocial to raise capital for the first round

What is Subsocial?

Subsocial is a Protocol for Social Finance, developed on Polkadot. The project completed the first round of funding last week from many large investments, the detailed fundraising amount was not disclosed by the project.

Famous Funds participating: There are many large funds participating in this round of funding, the two most prominent funds can be mentioned as:

• Hypersphere: The leading investment fund on the Polkadot ecosystem.
• Alameda Research: A well-known investment fund and Market Maker in the Crypto market.

Purpose of fundraising: The money raised this time will be used to develop infrastructure and prepare for the upcoming SUB token launch.

Conclude

Above are the TOP 10 outstanding investment deals in the past week with the attraction of the NFT market. Hopefully, through this article, you will have an overview of the projects that have raised capital during the week.

Disclaimer: All information contained in this article is intended to provide readers with the latest information in the market and should not be considered investment advice. Crypto investment is a very risky form of investment, readers need to learn carefully before investing and should only participate with the amount of capital that can be lost.