Ruceto tracked over $65.7 million in
institutional investments into crypto or web3 companies last week. Covered
investments include FARE Protocol, Nolus, 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 |
|---|---|---|---|---|
|
Ego Death Capital |
A platform that aims to provide individuals and communities with secure and reliable data and money management solutions through customizable federations. Federations are made up of friends, families, neighbors, nonprofit organizations, social clubs, businesses, conferences and other communities. |
|
||
|
NEXT Leader Capital, C² Ventures |
A membership-based NFT marketplace and aggregator |
|||
|
Coinbase Ventures, Ascensive Assets, Big Brain Holdings, Efficient Frontier and various others |
A decentralized trading infrastructure that utilizes zk-SNARKs to enable secure multi-chain transactions |
|
||
|
Shima Capital |
Provider of hardware wallet solutions for digital assets |
|
||
|
Goat Capital, C² Ventures |
A protocol that utilizes probability smart contracts triggered by transparent on-chain events, enabling the random minting or burning of the FARE token |
|||
|
Alchemy Ventures, Psy P Nation, Aglae Ventures |
A platform that allows creatives to leverage NFTs by turning them into applications and products |
|
||
|
Basis Set Ventures |
An AI powered automated accounting and bookkeeping solution designed for blockchain activity |
|
||
|
DoraHacks, Everstake, Cogitent Ventures, Token Metrics, Autonomy Capital and various others |
Developer of a DeFi lease solution that provides up to 150% financing on initial investments, with users retaining ownership of leveraged assets |
|||
|
Poolside, LongHash Ventures, Mechanism Capital, Daedalus, Basement Labs, 0xMaki |
A DeFi yield aggregator and protocol that provides a one-stop-shop for users to access a diverse range of DeFi opportunities |
|
||
FARE protocol utilizes probability-based smart contracts to mint and burn the protocol’s token, FARE. Similar to a casino, the probability contracts place higher odds of burning or losing than minting, so the value of the profits is passed onto FARE holders.
Nolus Protocol provides a DeFi Lease solution for borrowers and for lenders who are looking to earn yield on their stablecoins. Nolus has a governance and utility token, NLS, which can be staked for rewards and incentives such as better interest rates, and is used for transaction fees on the platform. Protocol profits are used to purchase back NLS tokens from the open market to encourage token price appreciation. The platform is currently in Beta.
What’s happening at Ruceto
Our latest report on GMX can be viewed here. Keep an eye on our website and Twitter page for news on upcoming deep dives of Arbitrum and Injective.
Ruceto is democratizing Crypto and Web3 research by giving you the opportunity to earn cash bounties. Join our Discord to learn about how you can get paid for your insight, or how you can join and follow a community of experts.
Want this info dropped into your inbox every week for free? Subscribe here to keep your finger on the pulse for the latest VC activity in the crypto space.
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.