June 2022: Follow Dat Money!

June 2022: Follow Dat Money!

By theinspired | Inspiration | 1 Jun 2022


Welcome to June! I've decided to archive all the article that pertain to the money flow in Crypto here. May you use it as a resource to learn who is funding, who is getting funded, and discover trends. This isn't comprehensive so If I've missed one let me know :) 

Running Total: $7B

CEFI/DEFI ($1.9B)

EXCHANGES/WALLETS/CUSTODY ($1.95B)

WEB 3 ($1.1B)

  • Afropolitan Raised $2.1MM to Bring Web3 to the African Diaspora (Decrypt | TechCrunch)
  • Digital fashion company SKNUPS raises $3.5MM and partners with Dolce and Gabbana (TB)
  • Web3 network WeatherXM raised $5MM in seed funding (TB)
  • Peaq Raised $6MM in Funding Round Led by Fundamental Labs (Coindesk)
  • a16z leads $7.5MM seed round for web3 authentication startup Dynamic (TB)
  • Tatsumeeko raised $7.5MM in seed round ahead of transition to web3 model (TB)
  • Alan Howard invests $7.6MM in Polygon-based web3 data startup Navigate (TB)
  • Former Robinhood, Button, Venmo Execs Raised $8MM for NFT Company Floor (Decrypt)
  • Kyve Network hits $100 million valuation as it raised $9MM (TB | UToday)
  • MachineFi Lab Raised $10MM to Incentivize IoT Data Collection for Web 3 (Coindesk)
  • WAX blockchain raised $10MM in push for GameFi and NFT market (TB)
  • Alan Howard joins $11MM seed round for metaverse developer Atmos Labs (TB)
  • The Graph Granted $12.5MM in ‘First-Ever’ Effort To Drive Web3 Standards to Messari (Blockworks)
  • Decentralized science platform Molecule raised $13MM in seed funding (TB)
  • PartyBid creator PartyDAO raised $16.4MM led by a16z (TB)
  • Social media network Zigazoo for kids raised $17MM for web3 projects (TB | Coindesk)
  • NFTPort raised $26MM from Taavet+Sten and others (TB | Coindesk)
  • NBA's Spencer Dinwiddie Talks $26MM Raise for Social Crypto App Calaxy (Decrypt | Coindesk)
  • NFT game Illuvium raised $72MM in digital land sales (TB | Decrypt)
  • A ‘very ambitious’ $100M Metaverse R&D hub is being built in Melbourne (Cointelegraph)
  • Crypto.com's Cronos launches $100MM accelerator for DeFi and Web3 (Cointelegraph | Blockworks | Coindesk)
  • Metaverse Attracts Over $177MM Of Investment From South Korean Gov.'s Digital New Deal (Bitcoinist)
  • Immutable launches $500MM development fund for web3 game adoption (TB | Blockworks)
  • Leading Israeli VC Pitango Launches a Web3 Investment Initiative (CryptoPotato | TB)

FUNDS ($1.1B)

CBDCs ($209MM)

  • Philippines’ First Blockchain Digital Peso Bond Offering Raised $209MM by UnionBank (Blockworks)

GAMES ($159MM)

BLOCKCHAIN ($125MM)

PAYMENTS PLATFORM ($111.5MM)

COMPLIANCE ($107MM)

  • Prime Trust raised $107 million to add new crypto products (TB)

DATA/RESEARCH ($53MM)

ELECTIONS ($52MM)

  • Crypto Industry Donors Pour $52 Million Towards US Midterm Elections (CryptoPotato)

TAXES ($20MM)

  • Crypto tax software Ledgible closed $20MM Series A round (TB)

So there ya have it. The month is over and nearly $7B shifted into the Crypto Asset industry. I wonder if July will beat it? 

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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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