Venture Trotter Weekly Review: Week Ending May 5, 2023

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

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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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