Apes Crashing Ethereum to Raise Money Array ( [cookie] => 3a95af-d9d131-7e4337-da76db-a2804b [current_usage] => 2 [max_usage] => 2 [current_usage_crypto] => 2 [max_usage_crypto] => 1 [lock] => 1 [message] => [error] => [active_member] => 0 [subscriber] => 0 [role] => [visitor_id] => 564835 [reason] => Usage above limits [method] => ) 1
In another busy week of capital raising, the switch flipped from NFTs to Metaverse and Gaming projects, though most of the funding came from Yuga Lab’s public virtual land sale. Metaverse/Gaming projects raised $403 million, over two thirds of the total pot this week. The rest of the funds were pretty evenly spread between Infrastructure ($62 million), NFTs ($61 million), CeFi ($34 million), Web3 ($27 million), and lastly, in a major drop from last week, DeFi ($6 million).
Three more funds launched this week with a combined $535 million ready to deploy. One is an ecosystem fund for Nym Mixnet, and two general funds that will be focused on later-stage projects that have proven sustainability and strong value adds. Argo Blockchain was the sole mining company that secured a loan this week with a $70.6 million financing agreement with NYDIG.
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