Hoo Research | Pearls Dropped in the Token Ocean — TOP20 Blockchain Financing Events

As the price of Bitcoin and the crypto market feeling bullish, we have seen many VCs taking actions over the last month. Here are some of the highlights:

The largest amount of financing in March was Consensys and BAYC, both of which were US $450 million. The second is Roofstock, a digital real estate company with a value of $240 million. Consensys will use the funds raised to buy Ethereum in large quantities, and Lupin also said that he will use the funds to expand the cryptocurrency wallet metamask. BAYC said that this round of financing will be mainly used to start the game and launch its own meta universe project: Otherside.

From the perspective of financing types this month, many financing are related to the construction of underlying agreements. Moreover, the platform chain is mostly financed by Aptos, Mina, Lido and Cosmos, of which Aptos and Lido are a16z leading investors. Aptos, a new public chain platform, was built by Diem’s original team. We’ll see what happens next.

NFT’s habitual financing is still popular and there are still many kinds. There are immutable NFT platform combined with games, Fancraft NFT platform combined with cricket, Magic Eden NFT platform combined with tide brand, and upshot NFT price evaluation agreement. It should be noted that the investment of immutable involves Tencent, which is the first time Tencent has participated in the investment in the field of NFT.

The financing related to mining business is still ongoing, including blockmatrix, which focuses on green and efficiency.

In Web3, tenderly also raised $40 million in financing. It is a start-up company designed to make it easier for Web3 developers to build blockchain products.