Cryptoday 12.28 | DeBank completes $25 million equity financing at $200 million valuation, led by Sequoia Capital China
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Cryptoday 12.28 | DeBank completes $25 million equity financing at $200 million valuation, led by Sequoia Capital China
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Cryptoday is a daily news column under TechFlow, focusing not on "news," but on asset movements.
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Funding Updates
Metaverse platform Ready Player Me raises $13M, led by Taavet+Sten
On December 28, metaverse platform Ready Player Me announced it has raised $13 million in funding led by Taavet+Sten. Participants include GitHub co-founder Tom Preston-Werner, Konvoy Ventures, Samsung Next Ventures, and TinyVC. Ready Player Me enables users to establish digital identities in the metaverse through NFTs and other virtual assets. Over 1,000 projects currently use its platform. Partners such as Warner Bros., Dior, and New Balance are collaborating with Ready Player Me to enter the metaverse.
GameFi platform GoFungibles announces $4M private sale, led by Moonrock Capital
On December 28, Polygon-based GameFi platform GoFungibles announced completion of a $4 million private fundraising round led by Moonrock Capital, Genblock Capital, AU21, X21, and Oddiyana Ventures. Additional investors include Magnus Capital, Icetea Labs, InnMind, Metrix Capital, Ellipti, ZBS Capital, AC Capital, Asteroid Capital, IBC Group, and BitCreed Capital. GoFungibles will conduct its IDO from January 11 to January 13, 2022.
DeBank raises $25M in equity funding at $200M valuation, led by Sequoia China
On December 28, DeBank, an all-in-one DeFi wallet, announced it has raised $25 million in equity financing at a $200 million valuation, led by Sequoia China. Other investors include Dragonfly, HashGlobal, Youbi, Coinbase Ventures, Crypto.com, Circle, and Ledger. DeBank offers a DeFi portfolio aggregator supporting DeFi protocols across up to 16 public blockchains.
Sports NFT platform Sportium secures new funding round led by Libertus Capital
On December 28, sports NFT platform Sportium announced a new funding round led by Libertus Capital, with participation from Animoca Brands and Folius Ventures. The investment amount was not disclosed. Sportium is a multi-sport NFT platform enabling sports organizations and professional leagues to enter the crypto space and build fan communities around officially licensed IPs. Users can collect, trade, play, and earn rewards via Sportium’s DApps.
DeFi
DeFi lending platform Eco DeFi suffers ~$780K loss due to suspected private key leak
According to PeckShield, DeFi lending platform Eco DeFi appears to have suffered a private key compromise, resulting in the draining of its lending pool—approximately 1,418 BNB valued at $550 each, totaling about $780,000 in losses.
NEAR selects DODO as primary DEX, allocates $7.5M in incentives via Proximity Labs
On December 24, DODO announced that NEAR Protocol has selected DODO as its preferred decentralized exchange (DEX). NEAR plans to allocate $7.5 million in DODO Aurora incentives through Proximity Labs, funded by its $350 million DeFi Grant DAO.
NFT/GameFi
YGG announces subDAO token launch planned for next year
On December 28, Yield Guild Games (YGG) announced that one of its subDAOs will launch the SEA token in 2022 via the Copper platform.
The Game Changer Limited announces P2E game Covenant Child
On December 28, The Game Changer Limited announced plans to officially launch its blockchain-based game "Covenant Child" in Q1 2022. Covenant Child aims to build a decentralized gaming environment where players earn tokens and NFTs through the Play-to-Earn (P2E) model.
NFT service platform Project Galaxy launches NFT badge feature
On December 28, NFT infrastructure platform Project Galaxy announced the launch of its NFT badge function, Galaxy OAT (on-chain achievement token). Galaxy OAT is a lightweight badge standard designed for event organizers and community managers, allowing easy distribution of NFT badges and creation of NFTs via the Project Galaxy protocol to enhance engagement. The feature is launched in collaboration with Polygon and Polygon Studios (which supports NFT functionality), with storage powered by IPFS and Filecoin.
Others
Metis partners with Celer to launch METIS liquidity mining program
On December 28, Layer2 infrastructure protocol Metis announced a partnership with Layer2 scaling solution Celer Network to launch a METIS token liquidity mining program, celebrating the integration of Celer with Metis Andromeda mainnet. Users can participate in liquidity mining via cBridge, Celer’s cross-chain payment network.
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