Phygital NFTs
Weekly Recap
The crypto VC market finally broke its three-week streak of over $100 million weekly funding, falling to $78 million this week. Infrastructure emerged as the top-funded category for the second week, raising $48 million. Most came from Rated Labs and SupraOracles, two of our selected deals. This week, rather than the infrastructure blockchains we are accustomed to seeing, there was an emerging interest in data analytics and cross-chain functionality, both critical components of the evolving infrastructure landscape. Web3 & NFTs were the second most funded category, with $20 million total, mostly comprised of our Deal of The Week IYK. IYK is a phygital experience company that enables white-label experiential NFTs for major brands and creators. DeFi received relatively less funding at only $10 million but nearly matched Infrastructure in deal count at five deals closed. Investors seem eager to fund pre-seed and seed-stage deals for teams hoping to bring new primitives to market. A strong September completed what has been a roller-coaster market for funding. Next week, we will dive into how 3Q looked in our quarterly funding report.
Funding by Category
Funding by Deal Stage
Deal of The Week
IYK, a web3 startup that offers tools for ...Reports you may have missed
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