Web3 dominance within crypto funding rounds has been well documented by Cointelegraph Research. In addition to the Web3 mega funds announced recently, venture capital has also been making smaller, more targeted investments in the sector. In this week’s Venture Capital (VC) Roundup, we chronicle the latest Web3 funding initiatives and draw attention 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 in Q3: DappRadar
Gamers, athletes and content creators back WWVentures
WWVentures, a boutique crypto venture firm, has raised $15 million for its Web3 fund — putting the company on track to invest in metaverse, decentralized finance and blockchain gaming startups. The funding round was backed by a slew of notable gamers, content creators and athletes, including former UFC Champion Michael Bisping and Trent Alexander Arnold of Liverpool F.C. The fund will focus exclusively on startups with a “community-first approach” to development and will aid their growth through social capital and community-building support.
Happy to be involved with this project and a proud investor. Let’s go! @WW_Ventures https://t.co/q6td5fiDna
— michael (@bisping) September 27, 2022
Scalability-focused blockchain raises $18.2M
Ethereum Virtual Machine-based blockchain Shardeum has received $18.2 million in seed funding from over 50 investors, including venture firms Jane Street, The Spartan Group and DFG. Shardeum is a proof-of-stake network focused on solving one of blockchain’s biggest pain points: scalability. As the name implies, the platform uses sharding — a type of database partitioning — to increase throughput capacity. Shardeum claims that its scaling capacity is superior to other layer-1 blockchains.
Avalanche-native platform rises $6M for NFT marketplace
Myna Swap, a luxury collectible marketplace that allows users to convert their…
