VC Roundup: Gaming, crypto fintech and blockchain infrastructure dominate venture capital rounds
Cointelegraph
Published Apr 30, 2022 01:00PM ET
Updated May 01, 2022 03:20PM ET
Cryptocurrency markets remain caught in a macro-based downtrend, with Bitcoin (BTC) and Ether (ETH) showing further signs of weakness at the end of April. But, venture capital activity in the crypto and blockchain sectors is the strongest it has ever been, offering further evidence that major investors are looking beyond immediate price action and ignoring divisive bull/bear narratives. The latest edition of VC Roundup highlights the growing excitement surrounding Web3 gaming, decentralized finance (DeFi) and blockchain infrastructure.
Blockchain distribution network provider bloXroute has raised $70 million in funding to continue developing scalable infrastructure services for the cryptocurrency and DeFi industries. The Series B funding round was led by SoftBank Vision Fund 2, with participation from Dragonfly Capital, Jane Street, ParaFi Capital, Blindspot, GSR and others. The company recently launched its Blockchain Distribution Network, which is said to overcome network congestion to provide users with reliable information about buy and sell orders.
h3 HBAR Foundation launches $50M fintech innovation fund/h3 h3 Crypto industry heavyweights back decentralized venture studio/h3 h3 a16z leads $34M Spruce raise/h3 h3 Gaming industry veterans raise capital for Web3 studio/h3 h3 GamerGains closes $5.8M seed round backed by Winklevoss Capital/h3 h3 Blockchain developer Venly raises $23M /h3 h3 Oasis.app secures $6M Series A funding round/h3Continue Reading on Coin Telegraph
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Written By: Cointelegraph
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