Tuesday, September 26, 2023
HomeImmutableXCrypto funding: Immutable's $500m gaming boost; Unizen's $200m raise; Cryptoys NFTs and...

Crypto funding: Immutable’s $500m gaming boost; Unizen’s $200m raise; Cryptoys NFTs and more

Cryptocurrency funding news, including updates from Immutables, is still causing industry excitement.And nevertheless Token valuation plunges, rumors of company bankruptcy When “Extreme fearWas planted as a permanent bear market fixture.

Let’s take a look at some of the most eye-catching, screw-in-money places these days …

Immutables boost blockchain games with a $ 500 million raise

“Layer 2” Ethereum Scaling Company, founded by Australia and headquartered in Sydney Immutable The lead story for this Roundup is simple.

Earlier this month, on June 17th, Immutable announced and launched what a wonderful thing. US $ 500 million Venture fund The focus is on supporting investment and development in blockchain games and NFT projects.

The fund, called Immutable Ventures, is dedicated to supporting Web3 games and NFT projects built on the Immutable X platform (token ticker: IMX).

These projects / companies include Gamestop (GME), TikTok, Opensea, and some of the most popular NFT game titles at various stages of development. IlluviumGods Unchained, Guardian’s Guild And Ember Sword.

Immutable also revealed that the fund will work with crypto and game investors, including Animoca Brands, BITKRAFT, Arrington Capital, Double Peak, Airtree, King River Capital and, as mentioned above, GameStop.

The fund is also reported to have already invested in Web3 companies and NFT startups such as Starkware, Stardust, PlanetQuest and Topology.

Immutable is clearly the fastest Australian company to reach the unicorn status. In March, the company procured US $ 200 million in Series C round Singapore’s national investment giant Temasek led with a US $ 2.5 billion valuation.And in February, Memestock Reddit’s favorites GameStop has partnered with Immutable X For the launch of the NFT Marketplace.

“Games are bigger than movies and music combined, increasing by 10% each year,” said Robbie Ferguson, president and co-founder of Immutable.

“Based on the knowledge gained from building the two largest games in-house on the blockchain, the funding, expertise and infrastructure needed to grow it into a $ 1 trillion posable economy over the next 10 years. We will provide the structure, “he added.

Other announcements: Unizen; FalconX, Kaiko, Cryptoys

•• UnizenLiechtenstein-based Centralized Decentralized (CeDeFi) Cryptographic Exchange, Secured US $ 200 million This week we are investing from the Private Equity Group’s Global Emerging Markets (GEM).

“Capital Commitment” funds (some prepaid, some released later) Reportedly Used to expand the business and ecosystem of the exchange.

Built on the BNB chain, Unizen is a platform that combines the best centralized exchanges with DeFi exchange transactions to find and aggregate the most cost-effective transactions such as Binance and Uniswap.

Addressing the scalability issues that exist in DeFi while providing a high level of liquidity seems to be a goal.

•• FalconXNew York-based Digital Asset Prime Brokerage Company, Procurement Last Week US $ 150 million In Series D funding rounds, the platform’s valuation will more than double the approximately US $ 8 billion.

The increase was led by Singapore’s sovereign wealth funds GIC and B Capital, with additional contributions from Tohma Bravo, Wellington Management, Adams Street Partners and Tiger Global Management.

Raghu Yarlagadda, CEO of the company, said: ReutersFalconX “continues to hire the entire company,” despite the slump in the crypto market and the reduction of staff by multiple crypto companies (such as Coinbase).

•• SpirogyraFrance-based crypto market data provider today publication a US $ 53 million A Series B funding round led by Eight Roads with Revaia and existing investors Alven, Point9, Anthemis and Underscore.

The company plans to use this money to strengthen the organization’s data products and infrastructure and expand its global presence.

•• CryptographyNFT / Digital toy startups US $ 23 million Funded by Andreessen Horowitz (a16z), Dapper Labs, and multinational toy maker Mattel.

Cryptoys is the flagship product of Miami-based NFT company OnChain Studios and is reported to use raises to further develop the “Cryptoyverse” platform built on the Flow blockchain.

The plan is to engage a customer base of brand new toy purchases “of all ages” with NFTs and play and earning interactivity.

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