VC Roundup: Gaming, crypto-fintech and blockchain infrastructure dominate venture capital cycles
Cryptocurrency markets remain caught in a macro downtrend, with (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 the strongest he’s ever been, offering further evidence that mainstream investors are looking beyond immediate price action and ignoring divisive bull/bear narratives. the latest edition of VC Roundup highlights the growing hype around Web3 games, decentralized finance (DeFi) and blockchain infrastructure.
bloXroute raises $70 million from major investors
Blockchain delivery network provider bloXroute has raised $70 million in funding to continue building 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 believed to overcome network congestion to provide users with reliable buy and sell order information.
HBAR Foundation launches $50 million fintech innovation fund
Crypto Industry Heavyweights Back Decentralized Venture Capital Studio
a16z raises $34 million
Game industry veterans raise capital for Web3 studio
GamerGains closes $5.8 million funding round backed by Winklevoss Capital
Blockchain developer Venly raises $23 million
Oasis.app Secures $6M Series A Funding
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