This week’s crypto funding highlights include Riot Platforms’ acquisition of Block Mining, NPC Labs’ $18 million raise, and significant investments in web3 gaming, Ethereum scaling, and decentralized AI.
Points
- Riot Platforms acquires Block Mining for $92.5 million.
- NPC Labs raises $18 million for on-chain gaming development.
- Significant investments in web3 gaming, Ethereum scaling, and decentralized AI.
- The impact of these investments on the crypto industry.
This week’s crypto funding highlights include major investments in web3 gaming, Ethereum scaling, Bitcoin infrastructure, and decentralized AI. Among the notable developments, Riot Platforms acquired Block Mining for $92.5 million, a move expected to increase its operational capacity and geographical coverage.
Riot Platforms Takes Over Block Mining
According to Riot, this acquisition could potentially increase its operational capacity by 60 megawatts, with plans to expand to 110 MW by the end of 2024. Riot paid $18.5 million in cash and $74 million in common stock for the acquisition.
NPC Labs Raises $18 Million
NPC Labs expressed gratitude to their VCs and over 100 angels for believing in their on-chain gaming vision. Pantera Capital led the round, with participation from Mantle EcoFund, Makers Fund, Bitscale Capital, Hashed, Mirana Ventures, and Collab+Currency. The total amount raised by NPC Labs now stands at $21 million.
Caldera Raises $15 Million
Caldera, a web3 infrastructure platform, raised $15 million in a series A funding round led by Founders Fund. This round included participation from Lattice, Dragonfly, Arkstream Capital, and Sequoia Capital, bringing Caldera’s total funding to $25 million. Caldera aims to help developers launch Ethereum rollups or scaling networks with ease.
Igloo Inc. Raises $11 Million
Founders Fund led Igloo’s funding round, which included investments from Selini Capital, Everest Ventures, 1kx, and Fenbushi Capital. Igloo plans to use the funds to establish Cube Labs and develop the Abstract project, focusing on Layer-2 networks and NFT support.
Other Notable VC Fundraising
- Bitlayer raised $11 million in a Series A round led by Franklin Templeton and ABCDE Labs.
- aPriori raised $8 million in a seed round led by Pantera Capital.
- Mezo raised $7.5 million in a strategic round led by Ledger Cathay Fund.
- OpenSocial raised $6 million in strategic funding led by Framework Ventures and North Island Ventures.
- DAOBase completed a $6 million round with investments from SevenX Ventures, AntAlpha Ventures, and more.
- Network3 raised $5.5 million in pre-seed and seed funding from Borderless Capital, EV3, IoTeX Eco Fund, SNZ, Waterdrip Capital, and Bing Ventures.
- Redpill AI secured $5 million in a seed round led by Animoca Brands and DFG.
Conclusion
The recent funding highlights underscore the growing interest and investment in the crypto industry. Riot Platforms’ acquisition, NPC Labs’ funding, and other significant investments reflect the dynamic nature of the market and its potential for innovation and growth.
解説
- Riot’s Acquisition: The $92.5 million acquisition of Block Mining expands Riot’s operational capacity and geographical coverage.
- NPC Labs’ Funding: NPC Labs’ $18 million raise supports on-chain gaming development.
- Web3 Investments: Significant investments in web3 gaming, Ethereum scaling, and decentralized AI highlight market interest.
- Industry Impact: These investments indicate the crypto market’s potential for innovation and growth.