Apes Crashing Ethereum to Raise Money
May 6, 2022
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In another busy week of capital raising, the switch flipped from NFTs to Metaverse and Gaming projects, though most of the funding came from Yuga Lab’s public virtual land sale. Metaverse/Gaming projects raised $403 million, over two thirds of the total pot this week. The rest of the funds were pretty evenly spread between Infrastructure ($62 million), NFTs ($61 million), CeFi ($34 million), Web3 ($27 million), and lastly, in a major drop from last week, DeFi ($6 million).
Three more funds launched this week with a combined $535 million ready to deploy. One is an ecosystem fund for Nym M...