The FTX bailout puts a number of Web3 enterprises at risk, as the bankrupt crypto exchange took stakes in more than 200 startups, with about a third of those focused on metaverse and NFT businesses.

Data from Crunchbase reveals Alameda Research had made 184 investments, FTX Ventures had 48, while FTX itself had 21.

Projects in Solana appear to be the most severely impacted by the FTX crisis

FTX had strong ties to Solana, indicating that the entire Solana ecosystem is experiencing adverse effects. The price of SOL has plummeted by over 50% in just a week, settling at a mere $13.82.

Magic Eden, Solana's NFT marketplace backed by FTX, has remained mum on its current status, while speculation runs rampant in its Discord community about potential outcomes should Solana falter completely.

Recently, the ecosystem developer Coral, which is behind the Solana development framework Anchor and xNFTs, had its funding led by FTX Ventures and Jump Crypto less than two months ago. Since the investment was recent, Coral may not have fully received the committed funds yet. Alisa Davidson Not every company supported by FTX is suffering, particularly those that secured relatively minor investments. Yuga Labs, famous for creating BAYC NFTs and the Otherside metaverse, had FTX as a minor backer and had already secured their funds.

FTX also invested in Doodles, another prominent NFT initiative, in September. However, that round was mainly led by Seven Seven Six, in which FTX Ventures contributed $1 million. April 25, 2025 Faraway, a blockchain game that raised $21 million in a funding round co-led by FTX a year back, indicated that the collapse hasn’t significantly impacted its operations: by \"The only real challenge arising from the FTX breakdown is that a different exchange will be responsible for launching our $ROYALE token, requiring a new market maker. Fortunately, we have close ties with multiple exchanges, and Jump Capital remains one of our Series A investors (a significant market maker).\"

This also includes companies that were part of FTX's portfolio. The founders of the platform fueling metaverse games, Immutable, confirmed that their situation remains largely unaffected by the chaos at FTX.

Genopets, known as the first move-to-earn NFT RPG, also reports no significant impact from FTX’s issues.

Victoria d'Este

April 25, 2025 by Additionally, the metaverse initiative DeFi Land has maintained that it has never stored its treasury funds with centralized exchanges. Alisa Davidson April 25, 2025

Legends of Elumia, which also had support from Alameda, reassured their community on Discord: \"Elumia is not troubled by FTX-related issues, and our focus is on launching the beta version.\" Join Our Newsletter. They faced challenges in sales recently. Back in September, the crypto exchange had committed to making GameStop its leading retail partner in the U.S. Latest News by

Solice, a cross-platform VR metaverse, which aimed to transition from Solana to Aptos, may have been affected by the ongoing crisis, rumored to have lost at least a portion of its reserves. The team has not communicated much on social platforms lately. Alisa Davidson In summary, while numerous firms are potentially in jeopardy, acknowledging the struggles could drive clients away and exacerbate challenges. Thus, many companies might choose silence or alternate explanations while navigating their next steps.

April 25, 2025 Today, Binance and several other influential crypto organizations have started an industry recovery fund aimed at assisting developers in bouncing back from this significant collapse in the Web3 ecosystem. The future will reveal which entities endure and which falter. Certainly, startups reliant on FTX and Alameda for critical funds will confront the greatest hurdles ahead.

by Regarding FTX’s auditing firm, Prager Metis, which delivers tax, auditing, and consultancy services to creative sectors, has removed a post from its site that boasted about supporting FTX US. Alisa Davidson Blockchain game With over 24 operational sites, including one in the metaverse, it's peculiar that Prager Metis doesn’t list other clients on their website. They had plans to establish an office in Decentraland earlier this year, which never came to fruition.

Not only have startups previously funded by FTX suffered losses, but the venture capitalists who invested hundreds of millions into FTX have felt the sting as well.

The most significant VC losses stem from firms such as Paradigm ($278 million) and Sequoia Capital ($214 million). Other entities impacted include Tiger Global, SoftBank, the Singapore government’s investment body Temasek, and the Ontario Teachers’ Pension Plan.

Following the fallout from FTX, Sequoia Capital revalued its $213.5 million investment in FTX to a total loss. Paradigm, an investment firm with a focus on innovative projects, had invested over $215 million across various rounds and held nearly 7 million shares in FTX. This week, they announced plans to mark this investment down to zero. In a similar vein, Temasek, a state-owned investment company in Singapore, is believed to have committed over $200 million into FTX, holding 7 million shares, making it the second-largest external stakeholder in the collapsed exchange.

What implications does the FTX crisis have for the NFT market?

Two young individuals, just 20 years old, were detained following a $1.1 million ‘Frosties’ NFT rug pull scam.

GameStop’s NFT marketplace, which has 

Fundraising: A beginner’s handbook for raising capital via cryptocurrencies.

, was bound to be elevated  through a partnership with FTX

VCs that poured money into FTX Full FTX Fundraising

The crypto exchange FTX collaborates with Visa to launch debit cards in over 40 territories.

GameStop enhances its involvement in the crypto space by teaming up with FTX.

Please be aware that the content presented on this page is not intended and should not be taken as legal, tax, investment, financial, or any other advisory service. Only invest what you can afford to lose, and consult an independent financial advisor if you find yourself uncertain. For more information, we recommend reviewing the terms, conditions, and support resources offered by the issuer or advertiser. MetaversePost is dedicated to delivering accurate and impartial news, yet market conditions may shift without prior notice. pic.twitter.com/1zrE5HlvlQ Agne is a journalist specializing in the latest trends and advancements in the metaverse, AI, and Web3 sectors for Metaverse Post. Her love for storytelling has propelled her to conduct various interviews with industry experts, constantly on the lookout for engaging and intriguing narratives. Agne possesses a Bachelor’s degree in literature and extensive experience writing on diverse subjects including travel, art, and cultural matters. She has also contributed as an editor to an organization advocating animal rights, promoting awareness regarding animal welfare concerns. Reach out to her on

Blum commemorates its one-year anniversary, proudly receiving accolades for ‘Best GameFi App’ and ‘Best Trading App’ at the Blockchain Forum 2025.

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