VC Roundup: Web3 dev, EVM sharding and crypto banking headline blockchain funding deals

Web3 dominance wrong crypto backing rounds has been good documented by Cointelegraph Research. In summation to the Web3 mega funds announced recently, task superior has besides been making smaller, much targeted investments successful the sector. In this week’s Venture Capital (VC) Roundup, we chronicle the latest Web3 backing initiatives and gully attraction to a sharding platform, nonfungible token (NFT) marketplace, crypto banking solution and co-ownership infrastructure provider. 

Related: Blockchain games and metaverse projects raised $1.3B successful Q3: DappRadar

Gamers, athletes and contented creators backmost WWVentures

WWVentures, a boutique crypto task firm, has raised $15 cardinal for its Web3 money — putting the institution connected way to put successful metaverse, decentralized concern and blockchain gaming startups. The backing circular was backed by a slew of notable gamers, contented creators and athletes, including erstwhile UFC Champion Michael Bisping and Trent Alexander Arnold of Liverpool F.C. The money volition absorption exclusively connected startups with a “community-first approach” to improvement and volition assistance their maturation done societal superior and community-building support.

Happy to beryllium progressive with this task and a arrogant investor. Let’s go! @WW_Ventures https://t.co/q6td5fiDna

Scalability-focused blockchain raises $18.2M

Ethereum Virtual Machine-based blockchain Shardeum has received $18.2 cardinal successful effect backing from implicit 50 investors, including task firms Jane Street, The Spartan Group and DFG. Shardeum is simply a proof-of-stake web focused connected solving 1 of blockchain’s biggest symptom points: scalability. As the sanction implies, the level uses sharding — a benignant of database partitioning — to summation throughput capacity. Shardeum claims that its scaling capableness is superior to different layer-1 blockchains.

Avalanche-native level rises $6M for NFT marketplace

Myna Swap, a luxury collectible marketplace that allows users to person their carnal assets into integer twins via NFTs, has raised $6 cardinal successful effect funding. Investors see Polygon Studios, Blizzard Avalanche Fund, Spartan Capital and Wave Financial. The platform, which offers trading and vaulting services, is geared toward collectors of sneakers, sports cards and watches and was built connected the Avalanche blockchain. Myna Swap is acceptable for motorboat aboriginal this year.

Alexis Ohanian backs Antic successful $7M raise

Web3 co-ownership infrastructure supplier Antic has raised $7 cardinal successful backing led by Sheva and Alexis Ohanian’s Seven Seven Six task studio, with further information from Pantera Capital, Sound Ventures and Dapper Labs. Antic described co-ownership exertion arsenic an emerging conception wrong the Web3 assemblage that allows companies to found blockchain-based ownership models much easily.

Crypto banking level closes $18M Series A

Web3 banking level Juno has raised $18 cardinal successful Series A backing led by ParaFi Capital, with further information from Hashed, Jump Crypto and others. Juno provides a crypto-native checking relationship that allows users to slope with their integer assets much easily. Following the concern round, Juno is readying to grow its merchandise offerings and motorboat a tokenized loyalty programme that allows users to gain coins for taking their paycheck successful crypto oregon spending integer assets with their Juno card.

Related: FTX and Visa spouse to licence crypto payments successful 40 countries

Wintermute Labs leads Zerion backing round

Web3 wallet and DeFi aggregator Zerion has closed a $12.3 cardinal Series B backing circular led by Wintermute Labs, the task limb of liquidity supplier Wintermute. Zerion volition usage the backing to further make its Web3 wallet by integrating precocious information and enabling amended cross-chain individuality absorption for Ethereum-compatible blockchains. Zerion claims that its trading measurement has grown from $47 cardinal successful 2019 to much than $1.5 billion.

thirdweb lands $24M from large VC investors

Web3 developer level thirdweb achieved a lofty valuation of $160 cardinal pursuing its Series A backing circular that landed the institution $24 million. The Series A backing was led by Haun Ventures and included respective notable investors specified arsenic Coinbase Ventures, Shopify, Polygon and Protocol Labs. Founded successful 2021, thirdweb is processing the infrastructure furniture for Web3 that could alteration much seamless app improvement crossed blockchains.