Blockchain Ventures Garner $90 Million in Funding as Crypto Startups Flourish
In a bustling week for the crypto industry, various blockchain startups raised a total of $90 million in funding, propelling them further toward their goals. Among the top performers was web3 gaming studio Mythical Games, which secured an impressive $37 million in the Series C1 fundraise. This funding round was led by digital asset manager Scytale Digital and saw participation from prominent investors like ARK Invest, Animoca Brands, MoonPay, and Andreessen Horowitz. The funding positions Mythical Games favorably to achieve profitability within the next 12 months and advance its strategic vision.
Mythical Games Emerges as a Frontrunner
- Mythical Games raised $37 million in funding, making it a unicorn in the industry.
- The funding round was led by Scytale Digital and included participation from ARK Invest, Animoca Brands, MoonPay, and Andreessen Horowitz.
- The funding will be used to advance the company’s strategic vision and develop its upcoming mobile racing game, Nitro Nation World Tour.
One Trading Breaks Away from Bitpanda
- One Trading, a new centralized exchange, emerged after a Series A funding round that raised approximately $33 million.
- The funding was led by Peter Thiel’s Valar Ventures.
- One Trading separated from Bitpanda and retains a minority stake in the newly established exchange.
Other Fundraises In Crypto Space
- Pixion Games secured $5.5 million in funding for the development of its flagship game, Fableborne.
- Metablaze received $4 million in funding for its upcoming game launch.
- Startale Labs received $3.5 million in funding and formed a partnership with Sony Network Communications.
- Hook Protocol raised $3 million for its DeFi options startup.
- AlloyX garnered $2 million for its RWA vault product.
Hot Take
The substantial funding rounds and strategic partnerships in the crypto industry demonstrate the growing momentum and financial support behind blockchain ventures. These investments pave the way for further innovation and advancement, bolstering the prospects of a decentralized future.
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