DecentralandCrypto funding: Metaverse, gaming and fintechs dominate $80M week
Credit: Biztoc.comBiztoc.com
•15 days ago
Eleven crypto startups raked in approximately $80 million in new funds to expand product lines and start new projects. Animoca Brands was the heaviest hitter, raising $20 million via a new ordinary share offering priced at A$4.50 ($2.90), according to a press…
Eleven crypto startups raked in approximately $80 million in new funds to expand product lines and start new projects. Animoca Brands was the heaviest hitter, raising $20 million via a new ordinary s…
Trained AI Editor
According to a recent report from CoinDesk, the crypto funding market was dominated by Metaverse, gaming and fintechs last week, with a total of $80 million raised. Notable investments included $51 million for the blockchain-based gaming platform Enjin, $10 million for the decentralized finance protocol Instadapp and $7 million for the gaming token project Chain Guardians. These deals demonstrate the growing interest in the crypto space from both investors and developers. In addition, the influx of capital points to the increasing demand for blockchain-based applications in sectors such as gaming and finance.
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Frequently asked questions
What is crypto funding?
Crypto funding is a form of fundraising that involves the use of cryptocurrencies, such as Bitcoin, to raise capital for a project or venture.
What companies are involved in crypto funding?
Companies involved in crypto funding include Metaverse, gaming companies, and fintechs.
How much money was raised in crypto funding last week?
Last week, $80 million was raised in crypto funding.
What are the benefits of crypto funding?
The benefits of crypto funding include faster transaction times, lower transaction costs, and increased transparency.
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