Ruceto tracked over $85 million in institutional investments into crypto or web3 companies last week. Covered investments include Orbs, CNHC, Code4rena, ALEX, TeleportDAO, LSDxFinance, and 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 |
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J.P. Morgan, Asset Management |
A payment platform for the digital economy supporting games, virtual world publishers, mobile apps and NFT creators |
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Greenfield |
A Web3 marketplace that offers NFTs based on fashion by brands and 3D designers, which can be used as skins in metaverse games |
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DWF labs |
A decentralized ecosystem for executing smart contracts using a proof-of-stake consensus. With a decentralized backend it enhances the capabilities of both EVM and non-EVM smart contracts |
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Kucoin Ventures |
A stablecoin that maintains a fixed exchange rate with the Chinese yuan (CNH) at a 1:1 ratio. It serves as a connector between traditional finance and the blockchain world on Ethereum and Conflux blockchains |
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Guy Oseary, Gary Vaynerchuk, Ivan Soto-Wright, Social Capital, Arrington Capital, Dapper, Gemini Frontier Fund, Human Ventures, and various others |
A mobile app for NFT portfolio management and a token-gated social platform, which also allows users to access to live NFT floor price data from multiple marketplaces |
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BitKraft, Framework |
A Web3 game studio which develops hybrid games that are mobile first and blockchain-enabled |
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Paradigm |
A community driven platform that incentivizes participation in the auditing process by offering rewards for finding and reporting bugs in smart contracts |
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Struck Crypto, Game7DAO, NGC Ventures, Dispersion Capital, Alchemy, Ankr, Signum Capital, and various others |
A smart contract wallet that is powered by the ERC-4337 standard. It offers both gasless transactions and transaction bundling |
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Gossamer, Trust Machines |
A DeFi platform that enables developers to build decentralized applications on Bitcoin using the Stacks blockchain as the smart contract layer. |
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AppWorks, Definancex |
A protocol that enables developers to build decentralized apps that can interact with multiple blockchain networks, providing a trustless infrastructure for cross-chain communication and data exchange |
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NGC Ventures |
A module that improves the performance of blockchain networks by enhancing the TPS of Layer 2 and Appchain by up to five times, resulting in a boost in transaction processing capabilities |
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Foresight Ventures |
Offers two products: a basket of liquid staking derivatives, and a bond-backed stablecoin that is based on ETH staking returns. |
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Foresight Ventures |
An outlet that provides news and insights on the latest developments and trends in the blockchain and Web3 ecosystems, with a focus on Asia. |
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Orbs is a decentralized blockchain infrastructure executed by a secure network of permissionless validators using Proof-of-Stake (PoS) consensus. Orbs is an L3 protocol and runs over existing L1/L2 blockchains. Orbs caters to apps running on existing L1s like Ethereum and TON and allows them to enhance the capabilities of their existing smart contracts. The ORBS token is used to pay validators for running the consensus layer, for execution of smart contracts, and for consensus-based storage.
CNHC built a stablecoin that is pegged to the Chinese Yuan (CNH) at a ratio of 1:1. Based in Singapore and aiming for global compliance, the company is currently subject to the laws of Hong Kong and Singapore. CNHC stablecoin currently enables applications such as international trade settlement, Web 3 on chain transactions and the ability to hold offshore RMB without having to own a bank account.
Code4rena is an audit platform for smart contracts which differs from traditional audits by making the audit competitive. The audit structure revolves around roles which are the Wardens (auditors), Judges (validators and quality assurance) and Sponsors who purchase the audit contest. The award pot comes from the price paid by the Sponsors which is then distributed by the Organization using a DAO structure, allowing auditors to receive a share of the funds based on their contributions to the auditing process.
ALEX uses Stacks as a smart contract layer to support developers who are growing the ecosystem around Bitcoin. With Stacks and Bitcoin as the settlement layer, ALEX enables trading, lending and borrowing of crypto assets using DeFi. ALEX uses automated market making protocols and collateral rebalancing pools to allow trustless and permissionless trading of assets.
TeleportDAO is a secure and trustless infrastructure where users can move data such as contract calls, tokens, NFT, etc. from one blockchain to another. TeleportDAO works between any programmable and non-programmable blockchains. TeleportDAO’s token TDT is used for governance and as incentives for participants. TDT can also be staked by the users for a feature called TeleSwap, which is a cross-chain settlement dApp built on top of TeleportDAO.
LSDxFinance is a protocol that aims to optimize the financial value of liquid staking derivatives (LSD) assets by addressing their limited liquidity and lack of diverse financial scenarios. The LSD Token serves as the governance token for the platform, enabling holders to participate in the decision-making process concerning LSDx’s development and management by casting votes on proposals. LSDx has two products currently: ETHx, contains various types of Ethereum-based LSD, and has built-in native LSD fast exchange. It is designed to achieve a ratio based on liquidity, safety, interest, and DAO involvement. and UM, a sovereign bond-backed stablecoin based on ETH staking returns. which distributes rewards in LSD for holding it.
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