TLDR of the latest #Binance report. Fundraising has massively changed in 2023, here are the latest trends and theses📈📉:
Key Takeaways:
🟦Steady pace of deals and investments even in 2023
🟦traditional (non-Web3) VC share increased to 45% 🟦44% of all projects are infrastructure
Categories:
🟧Gaming is leading with $645m
🟧Gaming has the lowest investment per deal with only $7,4m
Lots of VCs are spraying into the gaming sector, hoping that one game will take off.
AI is a big newcomer and seeing more $ inflow. Also popular are DEXes and data-related solutions
VCs:
🟩Coinbase, Hashkey, Shima capital, Polygon Ventures, DFW and Big Brain Holdings did >40 investments in the last 12 months.
🟩@dwflabs is the biggest lead investor with 39 projects, @BinanceLabs second with 28
🟩Coinbase did the most investments, 49 total The biggest investments by category in Q3 2023:
Defi:
@BrineFinance $16,5m Ethereum-based Orderbook DEX with gasless trading
@alluvialfinance $12m – Series A liquid staking protocol unlocking staked asset liquidity for users @Helio_Money $10m lending platform allowing minting of $HAY stablecoin backed by #BNB @RDNTCapital $10m omnichain money market allowing deposit and burrowing of different tokens @ethena $6,5m – seed provide bonds yielding $USDe via delta neutral positions on $stETH
Cefi:
@BitGo $100m institutional crypto custodial service @hi_com_official $30m CeFi platform offering savings, investments, payments, and lifestyle benefits
@BitkubOfficial $17,8m largest exchange in Thailand
@patex_ecosystem $10m Latin American crypto ecosystem provider
NFTs:
@MocaverseNFT $20m metaverse product of Animoca Brands, comprising of Mocas, a group of bold and infinitely creative creatures
@gondixyz $5,3m – seed NFT lending protocol with continuous underwriting, allowing full and partial refinancing of outstanding loans
@afterparty $5m Web3 company building tools and community to help creators and supporters capitalize on NFTs
TRlabs $5m – seed NFT platform fusing NFT tech with fine art expertise to drive future of collecting @fx_hash_ $5m – seed open platform to mint and collect Generative NFT
Gaming:
@ProofOfPlay $33m Web3 Games Studio aiming to abstract complexity from player experience and advance the future of web3 powered gaming @PahdoLabs $15m – Series A developing Halcyon Zero, an isometric Action RPG set in an ethereal, anime-inspired world
@0xMJM $12m online competitive Web3 mahjong gaming platform
@ageofdino $8m – seed Massively Multiplayer Online (MMO) strategy game built on Xterio platform @MetaCeneGame $5m – seed building a next-gen blockchain MMORPG universe, by game experts with likes from Blizzard, Shanda Games Social &
Entertainment:
@StoryProtocol $25m – Series A aims to drive an entirely new way to create, govern, and license IP on-chain with Web3
@ZTXofficial $13m – seed immersive 3D open world where users can create, trade digital assets, and enjoy social interaction
@bluesky $8m – seed building AT network, a decentralised social network
@mythicprotocol $7m -seed is an entertainment company developing games, media, platforms @passageio $6m – private social network ecosystem for building and connecting virtual and physical experiences through creator-built games
Tools and Information:
@AnytypeLabs $13,4m privacy-focused Notion alternative for personal knowledge base
@Node_40 $12m comprehensive data analysis, accounting, and crypto tax platform for verifiable auditing
@cryptoquant $6,5m – Series A on-chain data analysis platform that offers comprehensive data for crypto trading
@CoinScanDeFi $6,3m traders focused crypto analytics platform with free in-depth charting and safety checks features
@LunarCrush $5m – Series A social intelligence platform for cryptocurrencies, powered by AI to analyze data from dozens of sources
Layer1/Layer2:
@RiscZero $40m – Series A next-generation, scalable blockchain using zk proofs technology and RISC-V zkVM
@zetachain $27m public blockchain that enables omnichain, generic smart contracts, and messaging between any blockchain
@overprotocol $8m Layer 1 based on a protocol named “Ethanos” that enables full nodes to discard obsolete data and operate with less storage @fhenix $7m – seed confidential Layer 1 powered by fully homomorphic encryption with fhEVM @EthStorage $7m – seed layer 2 solution that provides programmable, dynamic storage
Infrastructure:
@futureverse $54m – Series A AI Metaverse Infrastructure
@CosmicWireInc $30m – Series A provide innovative, transformative technology and be a global commercial partner for business entities @zetachain $27m public blockchain that enables omnichain, generic smart contracts, and messaging between any blockchain @bastion $25m – Seed enables businesses and enterprises to offer the next generation of on-chain and off-chain products via its AP @SupraOracles $24m comprehensive cross-chain oracle service for the developer community
Source by FruitSquare
