Infrastructure and Gaming Lead the Way
This week, funding increased to $191 million from a measly $105 million last week. The bulk of fundraising came from the infrastructure and gaming sectors. Infrastructure has been the strongest category for most of the year, but gaming saw a notable increase, rising to $51 million from $15 million last week. Other categories, such as NFTs, Web3, DeFi, and CeFi have been consistent with the amounts raised over the previous few weeks. A large part of the gaming funding came from Wemade’s $46 million deal which had participation from Shinhan Asset Management, Kiwoom Securities, and Microsoft Corporation. Wemade is a blockchain gaming and finance company whose goal is to “transform everyday games with blockchain technology and establish its WEMIX token as a key currency in the gaming industry.”
There was one acquisition this week in which Helium Foundation, the company behind the Helium Blockchain, acquired Strata Protocol and its engineering team. They will assist with Helium’s network migration to Solana.
Seed and Strategic rounds each accounted for approximately 17% of the deals this week. Series A deals made up another 8%, while the rest failed to disclose the stage or type of fundraising.
Deal of the Week:
WalletConnect, the Web3 communications proto...Reports you may have missed
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