Cryptoday 12.01 | MetaMundo, a 3D NFT marketplace for the metaverse, has completed a $2.7 million seed funding round led by Animoca Brands.
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Cryptoday 12.01 | MetaMundo, a 3D NFT marketplace for the metaverse, has completed a $2.7 million seed funding round led by Animoca Brands.
He who fights with monsters should be careful lest he thereby become a monster. And if you gaze long into an abyss, the abyss also gazes into you.
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Cryptoday is a daily intelligence column under TechFlow, focusing not on "news," but on asset movements.
He who fights with monsters should be careful lest he thereby become a monster. And if you gaze long into an abyss, the abyss also gazes into you.
——Nietzsche
Funding Movements
Voice Street, a music-themed GameFi metaverse platform, completes $3.5 million institutional round
According to official updates, Voice Street, a music-themed GameFi metaverse platform, has completed a $3.5 million institutional financing round. Participating institutions include Huobi Ventures, Dragon Roark, Shima Capital, Lucid Blue Ventures, Redline DAO, AU21 Capital, Caballeros Capital, Halvings Capital, TMT Capital, Hotbit Labs, Founder of NEO, Founder of LABS Group, Chinapolka, Dota World Champion, BullPerks, Crypto VN, and BMW Capital.
VoiceStreet is a music-based GameFi metaverse platform aiming to build infrastructure on the Web3 intellectual property chain, including music copyrights, artist-related IPs, music-derived NFTs, and gamified NFTs.
Mint Songs, a music NFT marketplace, raises $3 million in seed funding led by Castle Island VC
December 1 — Music NFT marketplace Mint Songs has raised $3 million in seed funding, led by Castle Island VC. The round also includes participation from Coinbase Ventures, North Island Ventures, Freestyle VC, IOSG Ventures, and Gramatik. Previous investors include AAF Management, Goodwater Capital, East West Ventures, Michael Lazerow (Managing Partner at Velvet Sea VC), and Ian Simon (CEO of Strangeloop Studios). The funds will be used to expand the team and develop tools enabling artists to build Web3 communities.
Mint Songs aims to help creators bypass platforms and intermediaries to directly own their work. Its product suite also helps musicians cultivate active Web3 communities.
MetaMundo, a 3D NFT marketplace for the metaverse, completes $2.7 million seed round led by Animoca Brands
December 1 — MetaMundo, a 3D NFT marketplace for the metaverse, announced it has closed a $2.7 million seed funding round led by Animoca Brands. Other participants include Hypersphere Ventures, Digital Currency Group (DCG), OP Crypto, Metacartel Ventures, Marshland Capital, Own.fund, Polygon Studios, Ascensive Assets, Sfermion, D1 Ventures, Cryptomeria Capital, Red Beard Ventures, Metacollective, as well as founders from AAVE, Rarible, WilderWorld, Nifty Island, Property's Digital Ventures, and MetaPortal.
The new funding will support launching the marketplace in Q1 2022, further optimizing MetaMundo’s conversion tool suite, and integrating directly with leading metaverse and game developers.
CertiK raises $80 million in Series B2 at nearly $1 billion valuation, led by Sequoia Capital
December 1 — Blockchain security firm CertiK announced on November 30, 2021, that it has raised $80 million in its Series B2 round, setting a new record for the largest single investment in blockchain security. The round was led by Sequoia Capital, with existing investors Tiger Global, Hillhouse Capital, Coatue Management, and Shunwei Capital continuing their support. Within four months, CertiK has completed three funding rounds totaling over $140 million, reaching a valuation close to $1 billion. Over the past year, CertiK achieved 20x revenue growth and quadrupled its workforce. It has provided blockchain security services to more than 1,800 enterprise clients, identified over 31,000 code vulnerabilities, and secured over $300 billion in digital assets.
Praxis, a crypto city community, closes $4.2 million seed round
December 1 — Praxis, a crypto city community, has completed a $4.2 million seed funding round led by Bedrock. Other investors include Fred Ehrsam, Balaji Srinivasan, Tyler Winklevoss and Cameron via Winklevoss Capital, Day One Ventures, Uncommon Capital, NOMO, Sofreh Capital (Pishevar Family Office), Joe Lonsdale, Richard Craib, and Riva Tez.
Praxis is a community of creatives and technologists building a cryptocurrency-powered city. The group plans to use the funds to accelerate community development, government outreach, and site selection for greenfield projects.
DeFi lending platform Algofi announces $2.8 million seed round
December 1 — Algorand-based DeFi lending platform Algofi announced it has raised $2.8 million in seed funding, led by USV, ArringtonXR, and Pillar. The mainnet launch is scheduled for mid-December on Algorand.
Dmail, a privacy email DApp in the DFINITY ecosystem, completes seed round at $10 million valuation
December 1 — DFINITY-based privacy email DApp Dmail announced completion of its seed round at a $10 million valuation. Investors include Hashkey Capital, Draper Dragon, Outliers Fund, Parallel Ventures, FBG Capital, PAKA, and Spark Digital Capital. Additional angel investors include Nick Myers (early explorer of Distrikt), Dukakis Tejada (founding member of DFINITY community), Daniel James, and Sunny Gar. Positioned as a Web3 infrastructure tool, Dmail is a blockchain-based email service. The new funding will be used to grow the team, conduct marketing, and develop new features for the email platform.
a16z leads $28 million financing round for Iron Fish
Decentralized blockchain network Iron Fish has raised $27.7 million in a Series A round led by Andreessen Horowitz (a16z). Other investors include Sequoia Capital, Electric Capital, Meta Stable, Arrington XRP, Do Kwon (co-founder of Terra), Matt Luongo (CEO of Thesis), and Nathan McCauley (co-founder of Anchorage). Iron Fish launched its first testnet in April and has since attracted nearly 2,000 miners to its community. The company is now launching an incentivized testnet that rewards leadership points to members, which can be redeemed for future Iron Fish tokens upon mainnet launch.
Photography NFT platform Sloika raises $2 million, led by 1confirmation
Photography NFT platform Sloika announced a $2 million funding round led by 1confirmation, with participation from John Crain (founder of SuperRare), Eric Diep (founder of Manifold), Christopher Nguyen (co-founder of LogDNA), and South Park Commons, a tech accelerator. Co-founded by Ev Tchebotarev and Arseniy Ivanov—founder and first employee of photo-sharing platform 500px—Sloika aims to help photographers capture value in the NFT space. Sloika has also launched a $20,000 monthly grant program to support young female photographers in creating their first NFTs.
DeFi
Synthetix to launch futures mainnet in Q1 2022
According to an official update, synthetic asset protocol Synthetix shared project progress. The team confirmed that SIP-80 and SIP-184 code implementations are complete and currently under audit. Additional logic for the new “next-price orders” feature is nearing finalization. Next steps include testing SIP-184 on testnet (this week) to minimize fees before preparing for mainnet launch around mid-January. The mainnet rollout will occur in phases, gradually increasing maximum open interest limits as core mechanisms are validated. Synthetix will launch a fully composable perpetual futures market on the high-performance Layer 2 platform OΞ. Initially, three Synths will be supported: BTC, ETH, and LINK. Discussions between the Spartan Council and Chainlink are ongoing to expand the list of supported Synths, enabling faster market expansion post-launch.
Cook Finance launches DeFi index platform on Avalanche
According to official news, decentralized asset management platform Cook Finance will launch a decentralized finance index on Avalanche. Similar to traditional financial indices, Cook’s index products consist of a basket of tokens tracking underlying asset performance, allowing investors to easily acquire diversified crypto portfolios through a single transaction. This launch offers a simple entry point for users interested in DeFi indices but deterred by Ethereum’s high gas fees. Cook Finance originally launched its mainnet on the Ethereum blockchain in June.
NFT/GameFi
Guild of Guardians raises $5.3 million via token sale
December 1 — Guild of Guardians, a mobile NFT role-playing game, raised $5.3 million through its GEMS token sale and has pre-registered 400,000 users. The project plans to launch in Q1 next year. The CoinList-hosted token sale received 82x oversubscription, with approximately 808,000 users registered. Developed by Ukrainian studio Stepico Games, the game partners with Immutable X, Australia’s NFT Layer 2 scaling solution. Immutable X is the first Layer 2 solution on Ethereum, backed by Galaxy Digital and Coinbase.
BinaryX’s CyberDragon GameFi officially launches PvP 1.0 today
Official announcement: BinaryX’s CyberDragon GameFi officially launches PvP 1.0 today.
Others
Uniswap community proposes liquidity incentives for Arbitrum and Optimism
The Uniswap community has proposed a governance initiative to begin incentivizing liquidity on Arbitrum and Optimism deployments to kickstart adoption of Ethereum Layer 2. The proposal aims to achieve two goals: 1. Accelerate L2 adoption by encouraging users to shift activity to L2; 2. Provide deep liquidity for key trading pairs on L2. The proposal is currently in the consensus check phase.
Borderless Capital to launch $500 million ALGO Fund II to support Algorand-based projects
December 1 — Borderless Capital announced the launch of a $500 million ALGO Fund II to support projects built on the Algorand blockchain. The fund will invest across a range of DeFi and NFT projects on the Algorand network. Based in Miami, Borderless Capital is one of the primary investors in the Algorand ecosystem. In June 2019, it launched the $200 million ALGO Fund I. Borderless states it is currently investing $400 million in Algorand projects across various funds. Yesterday, Hivemind Capital Partners—the venture firm led by former Citigroup executive Matt Zhang—launched a $1.5 billion fund and selected Algorand as a strategic partner.
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