Crypto Research

FIGURE: PEPE FARMING AIRDROPS TO SAVE HIS REKT PORTFOLIO _It's a Bird... It's a Plane... It's Superman an Airdrop!_ Everyone in crypto has heard of airdrops. Anyone who’s anyone, however, has actually received them. Upon receipt of a highly anticipated airdrop, the pang of dopamine from the financial implications and being rewarded for participating in the digital economy does urge one to wonder: _“Rekt pepe, what exactly are airdrops? Are...

Funding declined this week, dropping from $519M to $425M, but total deals remained at 28 each week. This week's most considerable increase in funding was in the Metaverse/Gaming sector, which increased 7x from $12M to $88M. There were six total gaming deals, the largest of which being a $41MM Series C funding round for Klang Games to develop SEED, an MMO (Massively Multiplayer Online Game) that allows users to participate...

UPDATE ON THE MERGE Despite one of our potential catalysts for the year being struck down this week (the GBTC conversion to spot ETF), the prospects for a 2022 Ethereum remain intact. This weekend, ETH developers will attempt the second of three testnet merges on the path to mainnet Merge. Testnet merges are essentially dress rehearsals for the main event – the Merge of the Ethereum mainnet. The first testnet...

After a surprisingly large amount of funding last week, total deals dropped from 32 last week to 28 this week, and total funding decreased from $1,506M to $519M. Most sectors have declined since last week, with CeFi having the sharpest decrease of $956M to $47M. NFTs decreased from $155M to $5M, and Metaverse/Gaming fell from $103M to $12M. Despite these sector declines, DeFi had its highest funded week in months...