Ruceto tracked over $180 million in institutional
investments into crypto or web3 companies last week. Links to the target
company website, investment announcement, and token info are provided via
hyperlinks on the Target Name, $ Raised, and Token columns respectively.
| Target Name | $ Raised | Lead Investors | Description | Token |
|---|---|---|---|---|
| SALT Lending | $64,400,000 | Share sale to undisclosed accredited investors | Loans backed by crypto | SALT |
| Coincover | $30,000,000 | Foundation Capital | Technology to prevent & protect against theft, fraud & loss of crypto assets | |
| Mino Games | $15,000,000 | Standard Crypto | Creating Dimensionals, a web3 collectible character game | |
| SPACE ID | $10,000,000 | Polychain Capital and dao5 | Building a universal name service network that connects decentralized identities | |
| Elementus | $10,000,000 | ParaFi Capital | Blockchain data analytics company | |
| Cenoa | $7,000,000 | Quiet Capital | A simple and global superwallet to buy USD and earn high yield (exclusive launch offer is a yield of 8%) | |
| Dymension | $6,700,000 | Big Brain Holdings, Stratos and others | A network of easily deployable modular blockchains called RollApps | TBD |
| Cub3 | $6,500,000 | Bitkraft, Fabric Ventures | Reward members with blockchain-compatible digital collectibles for loyalty behavior such as newsletter signup, dancing on TikTok, or attending an event | |
| Mawari | $6,500,000 | Blockchange Ventures, Decasonic | Building a decentralized streaming network | |
| C3 Protocol | $6,000,000 | Two Sigma Ventures | A self-custodial exchange | |
| Ajuna | $5,000,000 | CMCC Global | Platform for developers and game studios to create web3 games |
AJUN, BAJU |
| Sesame Labs | $4,500,000 | Wing Venture Capital, Patron | Marketing platform for web3 | |
| Vault | $4,000,000 | Placeholder VC | Web3 music platform with digital music collectibles | |
| Webacy | $4,000,000 | gmjp | Safety products for self-custody wallets | |
| Tower Pop | $2,100,000 | Play Ventures, Agnitio Capital | Web3 battle royale game developer | |
| Chingari | Undisclosed | Aptos Labs | web3 TikTok rival | GARI |
Ajuna is a decentralized platform for developers to create web3 games on Unity and Unreal. The token with an anticipated Q2 2023 release date that will power Ajuna on Polkadot is AJUN. While AJUN will be used for larger commercial game releases, BAJU is utilized to test new updates and features on the Kusama blockchain before those features are released on Polkadot.
Chingari is an on-chain web3 social media app for short videos, and has over 5 million daily active users and over 40 million monthly average users. The platform uses a model of “engage-to-earn” to enable influencers to monetize their work and earn GARI tokens via tips, ad revenue, or sales of digital goods (courses or NFTs). GARI is also used for governance. Following their latest strategic investment, Aptos will be the preferred L1 blockchain for Chingari.
Salt Lending allows borrowers to access cash via loans backed by their own crypto. Holding the SALT token is not necessary to use the platform, but it can be used to pay fees and interest, and it can be treated as collateral to back loans.
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Disclaimer: The content presented is for informational purposes only and does not constitute financial, investment, tax, legal, or professional advice. The content is provided ‘as is’ without any representations or warranties, express or implied.