Venture Capital Moving From DeFi to CeFi

Key Takeaways

• The trend of massive investment into centralized finance ( CeFi ) and infrastructure projects continued over the past week. CeFi projects raised $430 million, and infrastructure raised $312 million, together making up 80% of this week’s $930 million of investments from venture capital. $167.5 million went into NFTs, and DeFi and gaming brought up the rear with $11.25 million and $7 million, respectively. Two new venture capital funds raised a combined $633 million for investments into gaming andinfrastructure.
  
• Active investors this week include a16z, Paradigm, Alameda Research, GSR, and Spartan Capital.
  
• Deal of the Week: FTX brought its valuation up to $32 billion after raising $400 million in a Series C that will be used mostly for M&A to help the company expand geographically and technologically.

Venture Capital Deals

Pixel Vault is a decentralized crypto media group and NFT development platform that created projects like PUNKS Comics using famous NFTs as the characters in their stories. The group raised $100 million in a round led by Velvet Sea Ventures and 01A. The funding will help Pixel Vault launch a multi-franchise NFT development platform that will allow users to own the digital content that appears in movies, comics, video games, and other fo...