Last Week’s Crypto Investment Highlights
Ruceto tracked over $190 million in institutional investments into crypto or web3 companies last week. Links to the target company website, investment announcement, and token info are provided via hyperlinks on the Target Name, $ Raised, and Token columns respectively.
| Target Name | $ Raised | Lead Investors | Description | Token |
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LDA Capital |
Enterprise ready hybrid blockchain for global trade and finance |
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Brevan Howard Digital, Morgan Creek Digital |
Provide i) user-friendly smart wallet for crypto, NFTs, Web3 + the metaverse, and ii) a developer platform to make building Web3 applications easy on Ethereum and other EVM chains |
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a16z crypto |
Working to create a decentralized knowledge graph protocol that maps 10 billion entities and the public knowledge surrounding them |
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Paradigm |
Investment platform that makes it easy to discover, assess, and invest in DeFi yield opportunities |
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Union Square Ventures, Shine Capital, Multicoin Capital |
Web 3 platform connecting restaurants to customers |
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Blizzard, Spartan Capital, Wave Financial and NFL superstars Odell Beckham Jr., Kyler Murray |
Allows for real-time trading of your physical collectibles by minting them as digital goods |
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Citi Ventures, Accel |
Develop proprietary investment products, platforms and solutions for global institutions to access opportunities in the digital asset class in a secure and compliant manner |
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GoldenTree |
Swap, earn, stack yields, lend, borrow, leverage cryptocurrencies all on one decentralized, community-driven platform |
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Redpoint Ventures |
Web3 platform for monitoring and maintaining your blockchain networks and nodes |
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Digital Currency Group, Upload Ventures |
Replaces the spreadsheets, manual labor, and antiquated systems used by most investors, family offices, and investment advisors |
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Electric Capital |
Data platform that provides current, and comprehensive view of the opportunities linked to the tokens |
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Jsquare |
The Metaverse Platform for Brands & Agencies |
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Chapter One & IDEO CoLab Ventures |
Bonding-as-a-Service |
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Binance Labs, Polygon Ventures |
An expansive Metaverse game experience in development |
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AlterVerse is the developer of a play-and-earn metaverse. After 3-years of development, the developer is providing pre-alpha access to the platform. Per the company, “$ACE is the native token of AlterVerse, used for in-game transactions, currency, and player rewards. ACE will be launched on BNB smart chain, along with land and NFT skins. We are also building an NFT marketplace, which will integrate with BNB Smart Chain, Polygon, Efinity, and other prominent chains.”
Golden (web3 site here) began as a web2 company with the goal of mapping all human knowledge, and raised $20 million as a web2 business. The company began to focus on a web3 version of Golden in Fall 2021, and on 10/3/2022 announced a new $40 million capital raise. The decentralized protocol relies on and incentivizes the user base to verify true facts via submissions and voting. There is no currently available token or stated token release date, but the company says that their whitepaper will be released to the public soon.
Horizon Blockchain Games develops 1) Sequence, a developer platform and smart wallet for web3 game builders; 2) Skyweaver, a web3 trading card game that is powered by Sequence (card market here), and 3) Niftyswap, a decentralized market for semi-fungible tokens. The company will use their $40 million fundraise to bring more developers to the Skyweaver platform, expand Skyweaver, and launch Niftyswap.
SushiSwap is a community-led platform and DeFi ecosystem that includes a cryptocurrency exchange, leverage & margin trading platform, new token launchpad and NFT artist platform. GoldenTree, an asset management firm with about $47 billion in assets under management, announced that it took a $5.3 million stake in Sushi, the governance token for SushiSwap. In GoldenTree’s announcement, it said that it intends to help the company develop its tokenomics and general design/strategy.
XDC Network is a hybrid blockchain protocol specializing in DeFi. The XDC token (whitepaper here) is available for trading on a variety of exchanges. XDC Network’s $50 million capital raise comes from LDA Capital Limited, an alternative investor that has executed $10 billion in transactions in over 10 years. The capital will be used to accelerate network adoption and the development of layer 2 protocols on the XDC ecosystem.
What’s happening at Ruceto
We provide institutional quality research on Web3 projects, and our deep dive report on Oasys is now available! Oasys is a new blockchain protocol for gaming with members of its founding team including executives from Bandai Namco Research, Sega Corporation, and Yield Guild Games. Check out https://ruceto.com/research/ to read it for free before the initial coin offering that’s planned for November!
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