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.
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