{"id":37666,"date":"2023-01-01T00:57:17","date_gmt":"2023-01-01T00:57:17","guid":{"rendered":"https:\/\/lydian.io\/?p=37666"},"modified":"2023-01-01T00:57:19","modified_gmt":"2023-01-01T00:57:19","slug":"the-best-crypto-funding-stories-of-2022","status":"publish","type":"post","link":"https:\/\/lydian.io\/the-best-crypto-funding-stories-of-2022\/","title":{"rendered":"The Best Crypto Funding Stories of 2022","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>7 Minute, 40 Second <\/div>\n\n <\/div>

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2022 was a turning level for crypto enterprise capital as buyers poured tens of billions of {dollars} into blockchain-focused startups regardless of the overwhelmingly bearish pattern in asset costs. Is the VC Dominated Crypto Funding Mannequin Good for the Business? Solely time can inform. <\/p>\n

Cointelegraph Analysis continues to be within the strategy of unpacking all funding numbers for the yr, however 2022 simply surpassed all different years when it comes to whole capital raised and offers closed. VC inflows topped $14 billion in every of the primary two quarters earlier than declining to only below $5 billion within the third quarter amid industry-wide contagion sparked by the sudden collapse of Celsius, Three Arrows Capital, Genesis and BlockFi was raised, nonetheless a powerful file and FTX, amongst others. <\/p>\n

With that in thoughts, we have compiled a listing of a few of the greatest funding tales of 2022. <\/p>\n

Haun Ventures: Raised $1.5 billion<\/h3>\n

In March, crypto investor and Coinbase board member Katie Haun raised $1.5 billion for 2 Web3-focused mutual funds. The newly fashioned Haun Ventures created a $500 million early-stage fund and a $1 billion acceleration fund to spend money on \"each layer of the Web3 tech stack.\" To launch her new fund, Katie Haun recruited former executives from Airbnb, Coinbase and Google's tech incubator Jigsaw. <\/p>\n

introduction @HaunVentures<\/a>, an organization constructed for the following era of the web. We raised $1.5 billion via two funds to spend money on web3. An thrilling first step, however the actual work begins now. https:\/\/t.co\/tBeE4OEJkD<\/a><\/p>\n

\u2014 Kathryn Haun (@katie_haun) March 22, 2022<\/a><\/p>\n

Web3 has been a significant hub for enterprise capital over the previous 12 months. Though Web3 corporations are rumored to be engaged on the following model of the decentralized web, the idea stays imprecise and the {industry} behind it's nonetheless in its infancy. <\/p>\n

Associated:<\/strong> Buyers chase Web3 as blockchain {industry} builds regardless of bear market<\/strong><\/p>\n

Huobi International: Launches a $1 billion fund<\/h3>\n

In June, crypto alternate Huobi International launched a $1 billion funding fund targeted on decentralized finance (DeFi) and Web3 initiatives. The brand new fund, dubbed Ivy Blocks, is designed to establish and spend money on \"promising blockchain initiatives\" throughout a spread of crypto sub-sectors. Particularly, Huobi International will give attention to offering \u201cliquidity investments\u201d to get DeFi initiatives up and working. <\/p>\n

The DeFi sector deflated with the remainder of the cryptocurrency market in 2022, however not like centralized exchanges, the sector has been largely resilient to contagion.<\/p>\n

From over $180 billion to $39 billion, the entire locked DeFi worth has elevated in the course of the bear market. Supply: DeFi Llama.<\/p>\n

NBA Prime Shot Creator: $725M Fund<\/h3>\n

Dapper Labs, the corporate behind CryptoKitties and NBA Prime Shot, has raised a $725 million fund to assist the event of its stream blockchain. The fund acquired assist from a spread of buyers together with Andreessen Horowitz, Spartan Group and CoinFund. Along with supporting the event neighborhood already constructing on Move, the fund shall be used to draw builders from different blockchains equivalent to Ethereum. <\/p>\n

Though Dapper Labs has produced a few of the largest collections of non-fungible tokens (NFT) lately, gross sales have lagged behind different Layer 1 ecosystems because of weaker community results and a smaller assortment of decentralized purposes. <\/p>\n

Dragonfly Capital: Launches a $650 million fund<\/h3>\n

Crypto VC Dragonfly Capital closed its third spherical of funding in April, elevating $650 million to surpass its earlier two rounds of $100 million and $200 million. The funding initiative, which was backed by Tiger International, Sequoia China, KKR and Invesco, exceeded the $500 million the corporate initially declared as a part of its Kind D submitting with america Securities and Trade Fee. Dragonfly mentioned the funds could be used to spend money on DeFi, Metaverse and blockchain gaming startups.<\/p>\n

Underneath the picture on the prime of the web page, click on Gather or <\/strong>observe this hyperlink<\/strong>.<\/strong><\/p>\n

Fireblocks: Raises $550 million<\/h3>\n

Digital asset custody platform Fireblocks noticed its valuation rise in January after it closed a $550 million Sequence E funding spherical. The most recent spherical introduced Fireblocks' cumulative funding since 2019 to $799 million as VCs continued to assist institutional infrastructure options. Fireblocks' most outstanding shoppers embody Financial institution of New York Melon, Galaxy Digital and CoinShares. It additionally served the now-defunct BlockFi and Three Arrows Capital.<\/p>\n

Binance Labs commits $500 million to develop Web3<\/h3>\n

Blockchain incubation and late-stage development featured prominently in Binance Labs' $500 million fund that launched in June. Binance CEO Changpeng Zhao mentioned the funds would assist mission creators main Web3 adoption within the DeFi, NFT, gaming, metaverse and social subsectors. On the time of its launch, the Binance Labs fund already backed 14 initiatives within the DeFi and social finance subsectors. <\/p>\n