Crypto Research

Total funding rose from $124 million last week to $247 million this week, with nearly two-thirds represented relatively evenly between Web3 & NFTs and Metaverse & Gaming. 53% of the deals this week were seed rounds, comprising 32% of the total funding. One of the larger deals this week comes from OP3N, a Web3 AI-powered platform described by its CEO as, “a Web3 version of WhatsApp meets Amazon.” OP3N allows...

Funding dropped this week from $312M to just $99M. As we've seen all month, funding remains primarily concentrated in Infrastructure and Web3, which raised $37M and $28M, respectively. Infrastructure accounted for 9 of this week's 21 deals, and Web3 & NFTs accounted for 6. DeFi remains a laggard this week, receiving just $6M of funding One major crypto fund was raised this week –Cathie Wood's ARK's Crypto Revolutions Fund, which...

Funding rebounded this week despite drawdowns across crypto and traditional markets. Total weekly funding rose from $103M to $312M, with all sectors seeing increased funding except for DeFi and Mining. Infrastructure and Web3 & NFTs were the top funded verticals, raising $152M and $73M, respectively, while Mining has gone two straight weeks without funding. CeFi deals totaled $20m, showing signs of life after no CeFi deals closed last week.  Infrastructure...

In the latest week funding dropped to some of the lowest levels we’ve seen in weeks. Total funding for the week ended 3/3/2023 fell from $324M to $103M and each sector’s funding declined. Infrastructure and Web3 & NFTs comprised most of the week’s funding, at $36M and $31M, respectively while CeFi and Mining didn’t receive any funding. The bulk of deals over the past month were Web3 & NFTs, at...

Funding saw a notable increase this week, rising 19.5% to $312 million from $261 million a week prior. Infrastructure and Web3 & NFTs were the two largest categories, raising $103 million and $70 million, respectively. This week's largest deal was a $70 million Series C round raised by Chain Reaction. Chain Reaction is focused on building out infrastructure like semiconductors which are needed for the blockchain industry to continue scaling....

Funding has remained consistent the past few weeks at about ~$230M per week. Infrastructure made up the bulk of the deals this week, with $80M in funding and 12 total deals. Infrastructure funding was led by Monad Labs, which raised $19M from Dragonfly Capital. Monad Labs is the team supporting the Monad blockchain, a blockchain looking to optimize execution and process 10,000 transactions per second. CeFi and Web3 & NFTS...

This week’s funding totals were on par with last week, declining slightly from $231 million to $226 million. Funding amounts were concentrated in the Infrastructure and CeFi verticals, raising $104 million and $64 million, respectively. SALT Lending closed a $64 million Series A deal, representing the largest deal this week and comprising the entire amount of CeFi capital raised. SALT Lending is a crypto lending platform that paused its business following the...

After an impressive $749 million was raised last week, funding totals came back down to earth to $228 million. Zero-carbon Bitcoin mining company TeraWulf completed a $32 million public equity sale, representing the largest deal of the week. Additionally, mining company Pow. re completed both a Series A and Strategic fundraising round this week, valuing the company at $150 million. The uptick in mining deals over the last two weeks...

For the first time in over a year, we’ve seen mining dominate crypto funding, comprising $625M of this week’s $746M of funding. There were two mining deals, Core Scientific and Blockstream, which received $500M and $125M, respectively. This heavy funding in mining caused total funding this week to skyrocket from last week, increasing nearly 4x from $194M to $746M (one of the most funded weeks in months). Aside from mining,...

Despite a cold start in the first week of 2023, funding has ramped back up, increasing from just $7M in the first week of 2023 to $65M and $186M in the last two weeks, respectively. The majority of this funding came from Web3 and NFTs, which accounted for roughly $80M each week. There were also four Web3 and NFT related venture funds the past two weeks, totaling a massive $1.85B...

EXECUTIVE SUMMARY Click Here for the full report.Since late 2021, crypto markets have struggled in the face of a challenging macroeconomic background highlighted by rampant inflation and geopolitical conflict. Asset price drawdowns were exacerbated by a violent unwind of unhealthy leverage in the space, which revealed outright fraudulent behavior among some of the industry's most prominent figures. Despite these headwinds, crypto VC funding remained strong in 2022 and set a...