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VC Roundup: Gaming, crypto fintech and blockchain infrastructure dominate venture capital rounds

Cryptocurrency May 01, 2022 03:20PM ET
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VC Roundup: Gaming, crypto fintech and blockchain infrastructure dominate venture capital rounds

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.

The first quarter of 2022 was brutal for crypto prices, but venture capital activity was the strongest ever.

bloXroute secures $70M from major investors

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.

HBAR Foundation launches $50M fintech innovation fund

Crypto industry heavyweights back decentralized venture studio

a16z leads $34M Spruce raise

Gaming industry veterans raise capital for Web3 studio

GamerGains closes $5.8M seed round backed by Winklevoss Capital

Blockchain developer Venly raises $23M

Oasis.app secures $6M Series A funding round

Continue Reading on Coin Telegraph

VC Roundup: Gaming, crypto fintech and blockchain infrastructure dominate venture capital rounds
 

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