Doubling Down on Metaverse and Infrastructure

Apr 8, 2022 • 9 Min Read

Key Takeaways

  • Venture capital is in its second straight week of infrastructure and NFT/metaverse funding in a week that saw $932 million in capital being invested in startups. As is typical, infrastructure projects continued to draw the most attention, with eight funding rounds raising $530 million. NFT/metaverse continued its revival trajectory to raise $180 million across three projects, DeFi only had one seed round to raise $5 million, and CeFi also had one investment round with the $200 million raise from Binance.US.
  • Active investors this week include Multicoin Capital, SoftBank, and Solana Ventures.
  • Deal of the Week: Binance.US raised $200 million in a “seed” round to build out a full legal and compliance team that will ease expansion into other high-regulation countries as well as allow institutional investors to operate in the Binance ecosystem.

Venture Capital Deals

Polemos is a decentralized GameFi platform and Play-to-Earn (P2E) guild that operates an NFT marketplace for leasing out NFTs to gamers looking to enter the P2E world but can’t afford the upfront investments required. The company raised $14 million for a seed round that valued it at $100 million fully diluted. The seed round drew participation from Delphi Digital, Golden Tree, LD Capital, and Sus...

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