Crypto startups had a successful week, collectively raising just over $90 million in funding. Leading Web3 game studio Mythical Games has raised an impressive $37 million. The Series C1 funding round was led by digital asset manager Scytale Digital. Important investors such as Cathie Wood’s ARK Invest, Animoca Brands and MoonPay were among the participants. Existing investors such as Andreessen Horowitz also participated.
Crypto startups
Mythical Games, which maintains its unicorn status, made a statement on the subject. It expects this financing to be instrumental in achieving profitability over the next 12 months. The studio is famous for its mobile game NFL Rivals. He is also known for his open-world multiplayer game Blankos Block Party. Their new games called Nitro Nation World Tour, a mobile racing game involving NFT cars, are also eagerly awaited.
John Linden, CEO of Mythical, expressed his excitement at the company’s vision and progress. Accordingly, he highlighted important milestones. Linden makes a statement on the subject. “NFL Rivals has had more than one million mobile downloads since launch last month. With an average of over $1 million in daily transactions on Mythical Chain, we’re focused on driving the company to profitability. We are seeing the payoff of our strategy.” makes the statement.
One Trading made important moves
One Trading, formerly known as Bitpanda Pro, has made a major move. Accordingly, it has successfully secured approximately $33 million in a Series A funding round led by Peter Thiel’s Valar Ventures. On the other hand, One Trading, which was originally developed as Bitpanda’s platform serving both individual and institutional investors, has now been rebranded. Accordingly, it will become different from its parent company.
In a statement, Bitpanda sent its best wishes to the newly formed crypto exchange. On the other hand, it holds a minority stake. He also announced that One Trading will operate independently with full autonomy to innovate and grow dynamically. The exchange announced on Twitter its plans to gradually reopen the platform, along with a list of the first trading pairs. Former JPMorgan executive and CEO of One Trading Joshua Barraclough will continue to lead the company ensuring a smooth transition.
Other major funding rounds
Pixion Games focuses on accessibility. It also provided $5.5 million to revolutionize on-chain assets in games. Metablaze, a game developer, has raised $4 million in preparation for its highly anticipated launch on September 15. Web3 infrastructure developer Startale Labs received $3.5 million in funding. It also formed a strategic partnership with Sony Network Communications, a subsidiary of Sony.
cryptocoin.com On the whole, Hook Protocol, a DeFi options initiative for NFTs, has raised $3 million from various investors, with Collab+Currency and venture capital fund Lattice being the main contributors. DeFi protocol AlloyX has announced a $2 million funding round. It also entered the $537 million loan market, introducing a liquid real-world asset (RWA) vault product.
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