Ruceto tracked over $200 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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Ripple |
Digital asset market makers building scalable, self-adaptive technologies to support efficient markets |
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Polychain Capital |
Makes it easy to build websites and apps on the new open web: permissionless, trustless, censorship resistant, and free of centralized gatekeepers |
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Sound Ventures, Seven Seven Six, Blockchange Ventures, Ava Labs, C2 Ventures |
Helps a community of 200,000+ creators earn a living doing what they love, while giving brands instant and direct access to collaborate with relevant, authentic, brand-safe creators |
Creator-specific NFTs |
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Illuminate Financial |
A staking platform you can use to stake directly, or whitelabel staking into your product. |
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a16z |
Create cross-platform, free to play games that are playable with or without Web3 elements |
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Elron Ventures |
Cybersecurity for web3 companies |
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Anthemis, Dragonfly Capital |
Crypto investment app for French-speaking Africans |
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Matrix Partners |
Digital art marketplace, and residency for digital artists |
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G1 Ventures, gumi Cryptos, Shima Capital |
Crypto-native multi-dealer platform |
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Blockchain Capital |
Infrastructure that brings context to DAOs; enabling better collaboration, more impactful contribution, and proactive governance |
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Binance Labs |
DApp using novel structured financial products to enhance the utility of BUSD and other select crypto assets |
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Drive by DraftKings, Bitkraft Ventures |
A web3 casual game platform |
TBD |
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Framework Ventures, Chapter One |
A software solution that notifies users of web3 perks (airdrops, token-gated events, etc.) and to-do's that are available based on their wallet address |
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Framework Ventures, GSR |
Buy and sell crypto options with the Lyra Protocol, a decentralized exchange native to layer-2 Ethereum |
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cFund |
Decentralized interest rate curves for lending and borrowing on Cardano |
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Hashed Emergent |
Web3 game discovery app |
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Animoca Brands, GameFi Ventures |
Sci-fi media brand behind the Wanderers NFT collection |
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gumi Cryptos Capital |
Use Your NFTs as collateral to obtain rewards through auto DeFi yield |
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Liqwid Labs is an open source, algorithmic and non-custodial interest rate protocol that’s powered by Cardano. Participants lend and borrow Cardano-native assets on a money market with interest rates that are based on supply and demand of pooled liquidity. Users access additional liquidity without trading fees by borrowing against existing crypto holdings.
Lyra Protocol is an automated market maker for crypto options. The protocol includes 2 user types, liquidity providers and option traders. Liquidity providers earn fees from traders by depositing sUSD (a stablecoin) into an asset-specific vault, which traders can buy or sell options to. The protocol’s native token is LYRA, and it is available for trading.
UnUniFi is an NFT marketplace on the Cosmos ecosystem that enables NFT lending and DeFi yield. Users can bid for and sell NFTs, or list their existing NFTs as collateral to access loans.
Wanderers, created the sci-fi-themed Wanders NFT collection (viewable on OpenSea). The company will use the funding from their $2M equity raise to create a game in partnership with Blowfish Studios that is planned for release in 2024.
WildXYZ is a marketplace for digital art and residency for artists. The company website prominently shows what piece of art is currently up for bidding.
Institutional Investors of Crypto
CrossTower, a crypto exchange that caters to institutional investors, signed an agreement with undisclosed terms to acquire Bequant, a prime broker for digital assets. CrossTower previously attempted to acquire Voyager Digital, but was outbid by FTX.US. Now that FTX.US filed for Chapter 11 Bankruptcy protection, CrowssTower might issue a new bid for Voyager Digital.
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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