Aug: Follow Dat Money

Aug: Follow Dat Money

By theinspired | Inspiration | 1 Aug 2022


Welcome to August Folks! Last month we witness about $13B flowing into Digital Assets and Projects, primarily into Funds and Web 3. Let's see what this month has in store for us. 

Total: $5B

FUNDS ($2.5B)

WEB 3 ($2B)

MISC ($245.5MM)

  • Decentralized communications platform Satellite IM closes $10.5 million round (TB)
  • Crypto Intelligence Platform Messari Plans to Raise $35MM at $300MM Valuation: Report (Coindesk | TB)
  • El Salvador’s Bitcoin Beach to receive over $200MM in infrastructure investments (Finbold | BIC)

BLOCKCHAIN ($159.5MM)

  • GitPOAP raised $4MM to bring Github contributions on-chain (TB)
  • Solana automation network Clockwork raised $4MM (TB | Coindesk)
  • Luabase raised $4.5MM to make blockchain data easier, cheaper (TB)
  • Former Coinbase employee raised $4.5MM for his web3 data startup Coherent: Exclusive (TB)
  • Blockchain explorer SolanaFM raised $4.5MM, plans to expand to Aptos (TB)
  • Blockchain Payments Platform Ansible Labs Raised $7MM in Seed Funding Round (Coindesk)
  • Solana MEV infrastructure developer Jito Labs raised $10MM (TB)
  • RISC Zero raised $12MM to build a blockchain using zero-knowledge proofs (TB | Coindesk)
  • WazirX CEO's project Shardeum is raising $18MM at a $200 million valuation (TB)
  • Blockchain Analytics Platform Merkle Science Raised $19MM to Take on Bridge Exploits (Coindesk)
  • Korean Blockchain Project Klaytn Committed $20MM to Asian Universities for Blockchain Research (Coindesk)
  • Multi-Blockchain Platform Geeq Received $25MM Capital Commitment From Investment Group GEM (Coindesk)
  • Blockchain Startup Injective Netted $40MM Round Featuring Jump Crypto, BH Digital (Blockworks | TB | Coindesk)
  • Cardano ($ADA) Developer IOG Funds Blockchain Research Hub at Stanford University (Cryptoglobe | UToday)

EXCHANGES/WALLETS/CUSTODY ($180MM)

DEFI ($76.7MM)

DEFI ($29MM)

  • Nexus Mutual to invest $29MM of treasury funds into Maple Finance (TB)

MINING ($4.3MM)

  • Renewable Energy Company Vespene Energy Closed $4.3MM Capital Round to Convert Landfill Methane Into Bitcoin (Coindesk)

OTHER

  • Why Google Has Invested $1.5 Billion In Crypto-Focused Companies (Bitcoinist | Blockworks)
  • Big Tech and Finance Invested $6B in Blockchain Companies This Year – Report (BIC | Coindesk)
  • Blockchain venture capital funding down over 43% in July: Report (Cointelegraph)
  • Crypto Biz: Crypto VC is back with a vengeance (Cointelegraph)
  • Funding Wrap: Venture Capitalists Continue to Prioritize Web3 (Blockworks)
  • Despite Bear Market, 2022 Fundraisings Already Surpassed 2021: Messari (CryptoPotato | TDH)

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theinspired
theinspired

I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post.


Inspiration
Inspiration

I've been exposed to the world of crypto since 2011. Now I use my knowledge to curate the most relevant news articles, podcast, videos, blogs and social media information to help you be in the know in Crypto!

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