Venture Trotter Weekly Review: Week Ending April 14, 2023

Ruceto tracked over $110 million in institutional investments into crypto or web3 companies last week. Covered investments include Sei Network, RSS3, CryptoGPT, Gameta, Natix Network, CRYPTO Elite’s: BATTLEGROUNDS (CEBG) and various others.

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
Jump Capital, Distributed Global, Multicoin Capital, Asymmetric fund, and various others
An open-source Layer 1 blockchain specifically designed for trading apps in crypto, such as DeFi, NFT marketplaces, and GameFi.
DWF Labs
A secure information dissemination protocol for Web3 that aims to enable seamless information exchange between web3, AI, search engines and social media
DWF Labs
A ZK Layer-2 technology that enables users to monetize their AI data, while retaining ownership and control over it
Samsung Next, Near Foundation, MoonPay, Sparkle Ventures, Alpha Praetorian Capital and various others
A wallet-first Web3 CRM and marketing automation platform called WRM, which is natively tethered to on-chain data, enabling businesses to gain comprehensive customer insights
Binance Labs Fund, Huobi Ventures, Arcane Group, Ceras Ventures, DefinanceX, W3Coins and various others
A Web3 gaming network designed with a focus on NFTs, enabling players to own, trade, and earn NFTs while engaging in social, casual and competitive games
DIGITAL (Steve Cohen)
A social marketplace that connects digital and physical art creators with collectors, emphasizing on promoting the underrepresented and marginalized communities
Hashkey Capital, Scroll, MZ Web3 Fund, Alchemy Ventures, Bitscale Capital and various others
A layer-two rollup network that offers unparalleled scalability, security, customizable privacy, and low cost with its innovative algorithm
Castle Island Ventures, Brewan Howard Digital, CMT Digital, RW3 Ventures, Newark Venture Partners
A company that specializes in fighting crypto-related crimes by focusing on digital asset recovery and cybersecurity.
Blockchange Ventures
A platform that uses blockchain technology and AI to create a real-time map of the world. It collects data on traffic, road damage, and infrastructure issues while maintaining strict privacy and security measures
Peak Capital, Lightspeed Faction, RockawayX, Solana Ventures
A payments platform that empowers merchants, dApps, and creators to accept decentralised crypto payments on various blockchain networks, and at minimal fees
Bixin Ventures, Waterdrip Capital, KuCoin Ventures, Pionex, Arcane Group and various others
A liquidity aggregation protocol that provides stablecoin-centric bridges and caters to the trend of self-custody of assets in the Web3 ecosystem, offering a seamless and innovative trading experience
Youbi Capital, GSR Ventures, Ant Capital (a&t), Pepper Ventures, Bing Ventures and various others
A blockchain-based gaming platform that provides a secure and transparent gaming environment, and allows users to build, trade, and invest in virtual economies

SeiNetwork is an L1 blockchain that aims to provide the best infrastructure for trading applications and exchanges. The company claims that Sei is the fastest L1, with a transactional throughput of 20,000 ops vs. Solana’s 10,000 tps. Sei Network’s token SEI is yet to be launched and participants can earn it by completing missions and bug bounties in Operation: Seinami, which aims to stress-test the network and identify any bugs or flaws with the protocol prior to the mainnet launch. The 9-week testnet is scheduled to launch in July 2022.

RSS3 is a decentralized, blockchain-based content sharing protocol created with the goal of providing a new content distribution system that is more open, transparent, and fair for content creators, publishers, and users. RSS3 is proposed as a successor to the original RSS standard and aims to bridge AI and web3 through one of its projects, RSS3 AIOP. Per the company’s blog, “The RSS3 AI Open Platform is the world’s first low-code AI training platform powered by Open Web data, allowing users to train their own AI models using RSS3’s collection of Open Web data.” RSS3 has yet to launch its primary token (RSS3) which has been introduced as a governance token with incentives to various stakeholders.

CryptoGPT is an Ethereum L2 that is dedicated for AI development, and it allows users to monetize their own AI data. Each user will gain an NFT (Data Capsule) which will represent their data that is generated from apps covering fitness, games, dating, etc. This data can be sold to end-point customers, developers or companies. CryptoGPT’s token GPT is used for utility, staking and accessing the ecosystem treasury.

Gameta is a web3 game network that provides a decentralized ecosystem for gamers, teams, and organizers to compete and interact while using cryptocurrencies for payments and rewards. Gameta has two tokens, HIP for its governance and GDO as the in-game rewards for users.

NATIX is a blockchain-based platform that uses a crowd sourced network of cameras to gather real-time data to map out the world with AI and Edge computing technology. To incentivize the users NATIX has come up with a two token economic system, iLand NFTs and the NTXT tokens. Each iLand NFTs will represent an area on the NATIX map and owning one will generate passive income for the member in NTXT tokens. The NTXT is a governance token with staking incentives such as reduction of network fees.

Crypto Elite’s: BATTLEGROUNDS (CEBG) is a blockchain-based Battle Royale game with MOBA elements, offering both Play-To-Earn and Free-To-Play mechanisms. CEBG has a two-token economic model with CEC as its primary governance and utility token. There will be multiple ways for players to acquire CEC tokens, which include participating in PvP ranked matches, engaging in social interactions, taking part in special events, and exploring land within the game. The other token of CEBG is a stablecoin (CEG), which is used for accessing more game content, upgrading NFTs in-game and as a transaction fee. CEG can be gained by swapping game coin and selling NFTs in the market place.

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