Venture Trotter Weekly Review: Week Ending June 2, 2023

Ruceto tracked over $153 million in institutional investments into crypto or web3 companies last week. Covered investments include Anoma, Illuvium, Orbofi 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
PayPal Ventures
A wallet as a service platform that aims to encourage mass adoption of Web3 with wallets that require no passwords, downloads, or seed phrases
CMCC Global
Builder of a protocol with “the first ever intent-centric architecture, introducing a new paradigm for building infrastructure layers and a new operating system for decentralized applications”
CE Innovation Capital
A developer toolkit that simplifies cryptocurrency transactions, onboarding, and compliance for apps and websites
Framework Ventures
A Web3 gaming studio that brings triple-A gaming to Ethereum
Animoca Brands
A NFT marketplace on the BNB Chain
Hash Global, Matrix Partners, DHVC (Danhua Capital)
An AI-powered tool for marketing, growth, and analysis in Web3
Binance Labs Fund, FunPlus
A blockchain gaming company that aims to develop high-quality web3 games with NFT collectibles, and a scalable multi-game ecosystem
Folius Ventures, Kenetic, Ant Capital (a&t)
A GamiFi/NFT aggregator that supports GameFi projects, and introduces a Proof-of-contribution (PoC) system to identify and reward contributors (community volunteers, guild leaders, etc.)
Hack VC
A privacy-focused wallet designed for ZK blockchains, starting with Aleo
Expert Dojo, VT Technology Ventures and Practical Venture Capital led the round
An organization constructing a web3-enabled esports team, with players who have experienced success in Rainbow Six Siege, Rocket League, Street Fighter and Valorant
CMT Digital, Sfermion
A platform that enables creators to mint NFTs for functional 3D content and apps in the metaverse, while providing standardized developer tools for multi-world virtual content distribution
Cogitent Ventures, OIG Capital, CSP DAO, Zephyrus Capital, Halvings Capital, and others
An AI-powered platform for generating and distributing content and assets in the Web3, gaming, and metaverse realms
Circle Ventures, ArkStream Capital, NGC Ventures, The Spartan Group, Fenbushi Capital, Coin Merge Strategy
A Web3 credential network that uses zero-knowledge proof technology for credential issuance and verification

Anoma Foundation is a non-profit that overseas 2 upcoming projects, Anoma and Namda. Anoma is “an intent-centric, privacy-preserving protocol for decentralized counterparty discovery, solving, & multi-chain atomic settlement.” The organization claims that Anoma enables the creation of dApps that are dramatically easier to build and more composable than what is possible on EVM. Namda is a Proof-of-Stake L1 that prioritizes asset-agnostic, interchain privacy. Those interested in Namda’s mainnet can join Anoma Foundation’s associated mailing list.

Illuvium is a decentralized studio and DAO that claims to be “building the world’s first Interoperable Blockchain Game (IBG) universe including an open-world exploration game, industrial city builder, and autobattler, all on the Ethereum blockchain.” Illuvium’s governance token is ILV, and it includes a yield farming mechanism for staking. Game revenue is converted to ILV and is distributed in return for in-game participation.

Orbofi enables the creation, tokenization, distribution, and monetization of AI-generated content for web3, games, and the metaverse. Orbofi’s token, OBI, is an ERC20 utility and governance token. Per the company, OBI’s main role is, “to power the economy of all AI-generated content on web3, games, and media, act as the main medium of exchange, and act as the main currency that fuels the economy of user-generated AI models/factories, enabling individuals and developers to monetize their AI assets, and their Asset factories.” This is potentially significant because the company believes that, “in the next 5-7 years, more than 50% of all visual content online will be AI-generated.”

What’s happening at Ruceto?

We just released our Deep Dive & Estimated Value Range report on Injective on our website. We are also running a special, limited time campaign for new subscribers (“Founding Members”) where Founding members can lock in lifetime discounts and early adopter benefits. New subscriptions come with a free 7-day trial period. Keep an eye on our website and Twitter page for news on community events and our upcoming deep dive report on Optimism.

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Disclaimer: The content presented is for informational purposes only and does not constitute financial, investment, tax, legal, or professional advice. Nothing contained in this report is a direct or indirect recommendation or suggestion to buy, sell, make, or hold any investment, loan, commodity, or security, or to undertake any investment or trading strategy with respect to any investment, loan, commodity, security, or any issuer. Ruceto does not guarantee the accuracy, completeness, sequence, or timeliness of any of this content. Please see our Terms of Service for more information.

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