VC Roundup: NFTs, crypto mortgages, 5G network and Web3 devs elevate tens of millions

The cryptocurrency market has did not mark considerable headway in contemporary months, nonetheless that hasn’t stopped the industry’s builders from constructing. Nonfungible tokens (NFTs), crypto mortgages, blockchain-powered cell networks and Web3 gaming comprise all piqued the hobby of venture capitalists. These recent and acquainted funding issues headline the most celebrated edition of VC Roundup, as venture funds continue to heart of attention on blockchain’s most promising payment performs. 

a16z execs help recent NFT fund

Andreessen Horowitz’s foray into the blockchain industry endured this month after a keen segment of its investing personnel backed a brand recent nonfungible token fund called Curated. The fund, which is price $30 million, has the singular motive of procuring for and conserving NFT art work. Among the many a16z brass, Marc Andreessen, Arianna Simpson, Chris Dixon, Andrew Chen and John Lai are all investors within the fund, consistent with Tech Crunch. NFTs and inclined art are extra and extra being viewed as retail outlets of payment in an inflationary atmosphere. (Interestingly, a16z has been talking about NFTs since as a minimal 2020, which is eons within the past within the crypto industry.)

How are crypto marketplaces and NFTs changing the game for creators? Hear to our Q&As with artists @muratpak and @sigggnasty for an intro to the token-primarily primarily based creator economy:

— a16z (@a16z) November 22, 2020

Linked: You don’t ought to peaceful be infected about NFTs

Crypto mortgage lender Milo receives $17M

Crypto-centered fintech startup Milo has raised $17 million in Series A funding from venture companies M13, QED Traders and MetaProp. Milo will exhaust the funding to attain its suite of product choices, which entails a 30-year crypto mortgage that enables customers to assign up digital resources as collateral for his or her residence loans. Since launching in January, Milo’s 30-year mortgage has already received over 7,400 functions. The firm’s first product — a mortgage acknowledge for foreign nationals — processed $500 million in functions from over 90 worldwide locations.

Crypto-apt neobank raises $77M

Scandinavian neobank Lunar is planning to delivery a brand recent cryptocurrency platform and industry-to-industry provider after raising $77 million at a $2 billion valuation. The crypto purchasing and selling provider will firstly focal point on appropriate five resources: Bitcoin (BTC), Ether (ETH), Cardano (ADA), Polkadot (DOT) and Dogecoin (DOGE). The firm’s crypto gambit reflects a increasing desire to provider extra user-oriented sectors in a put that has loved a large uptake in digital asset purchasing and selling. Essentially based mostly on Tech Crunch, Lunar is already raising capital for its subsequent funding spherical, which is expected to cease in Could perhaps well.

FreedomFi closes $9.5M funding spherical

Crypto-apt 5G developer FreedomFi has raised $9.5 million in funding to attain a Web3 platform that enables consumers to crowdsource deployments of itsy-bitsy cell networks utilizing digital resources. The Series A spherical used to be financed by Blueyard Capital, Qualcomm Ventures and Samsung Next. FreedomFi has already made inroads into the digital asset home, having partnered with the Helium blockchain in 2021 to attain wider adoption of cell pass stations on the user stage.

Web3 platform Joyride raises $14M

Web3 gaming platform Joyride Games currently closed a $14 million seed spherical that used to be financed by some of blockchain’s perfect venture funds, including BITKRAFT Ventures, SuperLayer, Coinbase Ventures, Animoca Producers, Neat Labs and Solana Ventures. The Joyride platform is mostly geared in opposition to builders who desire to rep and delivery blockchain-powered esports and social video games. The firm mentioned that it plans to delivery the foremost batch of gaming initiatives on its platform within the cease to future.

Portray Web3 in 3 words.

— Cointelegraph (@Cointelegraph) March 8, 2022

Linked: VC Roundup: Web3 infrastructure builders entice foremost investors

Crypto Unicorns closes $26M token sale

Web3 sport developer Laguna Games finished a $26 million token sale for its Polygon-primarily primarily based NFT series Crypto Unicorns. The perfect consumers integrated TCG, Backed VC, ACME Capital, BITKRAFT Ventures, Delphi Digital, Polygon Studios and CoinFund, amongst others. Laguna Games mentioned the total funds raised will likely be allocated to the Crypto Unicorns DAO Treasury, whose governance will likely be transferred to the community over time.

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