August Metaverse Fundraising Overview: Key Developments in Gaming, DAO, and NFT

Metaverse Post presents an August 2022 fundraising report, spotlighting firms focused on Web3, Metaverse, gaming, NFTs, and various other sectors.

During August, funds were secured across twelve categories. In contrast to July, which spotlighted contributions in virtual fashion and Avatars, August highlighted investments in music, AI, data, video, DAO, and sports.

Despite the challenges of a bear market, venture capitalists and angel investors remained engaged, with Web3 startups amassing a total of $1.037 billion. Similarly to prior months, gaming enterprises drew the most attention from investors, followed closely by NFT and DAO-focused ventures. previous month Web3 startups have successfully secured a substantial $1.037 billion in funding.

Gaming Industry Trends

Web3 gaming $8 million raised in a seed funding round led by Andreessen Horowitz (a16z) and supported by Y Combinator. The game has achieved nearly a million downloads on the Meta Quest App Lab and is set to launch on the Meta Quest Store in fall 2022.

Gym Class

Gym Class, a VR basketball application, raised $4.5 million secured in a round spearheaded by Yield Guild Games. Among the seventy other backers are YGG CEO Gabby Dizon, Balaji Srinivasan and Sandeep Nailwal from Polygon, Jeff “Jiho” Zirlin of Sky Mavis, and Kyu Lee of Com2uS. The funds will be allocated toward building a community-centric Web3 gaming platform named Spacebar.

AO Labs

AO Labs raised An undisclosed amount was raised in a seed round led by KuCoin Labs. The Singapore-based startup aims to utilize these funds to further advance its gaming platform, both for desktop and mobile users.

PlayZap Games

Web 3 Gaming platform PlayZap Games raised $6 million collected in a seed round led by a16z, with participation from Hashed, SV Angel, Immersion Partners, a_capital, and Sabrina Hahn. The firm will facilitate ownership of

Halliday

Halliday raised MetaverseGo, a mobile gaming platform based in the British Virgin Islands. blockchain gaming assets with later payment. 

MetaverseGo

$4.2 million raised in a seed funding round led by Galaxy Interactive. Additional participants include Delphi Digital, Dragonfly Capital, Ascensive Assets, Infinity Ventures Crypto, Mechanism Capital, Akatsuki, Shima Capital, Com2uS, BitScale Capital, Mentha Partners, Yield Guild Games (YGG), BreederDAO, and Emfarsis. The startup plans to channel the funds towards software development, strategic hires, and partnerships with telecom providers. raised Yin Yang Games, a Turkey-based NFT game developer established in 2021,

Yin Yang Games

$1 million secured in an investment round led by Gelişim Group. The company, currently employing 21 individuals, aims to use the funds to develop 'Reincarnation,' an NFT card game. raised Lysto, a startup focused on gamer infrastructure,

Lysto

$12 million raised in a pre-Series A funding round. Beenext, Hashed, and Square Peg led the round, with other participants including Better Capital and Tiger Global, along with several angel investors. Furthermore, a partner from Square Peg, Tushar Roy, joined the board of directors. The startup is developing verification tools for gamers and aims to enhance its platform further. raised Web3 gaming platform Luxon, from publisher Line Games,

Luxon

$5.8 million secured in a funding round led by Blocore, with GuildFi and FTX Ventures among the participating investors. The funds aim to assist developers and users in transitioning to the Web3 environment. raised Gunzilla Games, based in Frankfurt and established in 2020,

Gunzilla Games

$46 million raised in an early-stage funding round led by Republic Capital. The company will dedicate the funds towards creating GunZ, a platform that allows users to own their in-game assets. This funding follows the announcement of a new AAA Battle Royale 2.0 third-person shooter known as 'Off The Grid.' raised €1.5 million collected in a seed round led by Japanese venture capital firm Incubate Fund, with Mint Ventures and Skyland Ventures also participating. The startup intends to utilize these funds to develop its second futuristic game, Cyberstrella.

Murasaki

Game development company Murasaki raised $7.5 million raised in a seed round with a diverse group of investors including Starkware, ReadyPlayerDAO, Formless Gamma, Geometry Research, Neon DAO, Road Capital, and Bonfire Union.

MatchboxDAO

Gaming ecosystem MatchboxDAO raised Digital entertainment firm Rusk Media secured

Rusk Media

$9.5 million in an expanded Series A round led by DAOL Investment and Audacity Ventures. Existing investors InfoEdge Ventures (IEV), Mistry Ventures, and Survam Partners also contributed. The funds are earmarked for launching a blockchain-based UGC-led gaming platform. raised Gallium Studios, established by the creators behind popular titles like The Sims, Sim City, and Spore,

Gallium Studios

$6 million raised, designated for the development of Proxi, a memory game, and to advance simulation games using blockchain technology. raised Inworld AI, a platform designed for creating AI-driven virtual characters,

Inworld AI

$50 million raised in a Series A round led by Intel Capital and Section 32, with participation from Founders Fund, Accelerator Investments LLC, Kleiner Perkins, SK Telecom Venture Capital, BITKRAFT Ventures, CRV, Microsoft's M12 fund, Micron Ventures, The Venture Reality Fund, LG Technology Ventures, NTT Docomo Ventures, and First Spark Ventures. The startup will use this funding to create more immersive virtual environments. raised Ready Player Me, a startup based in Tallinn,

Ready Player Me

$56 million gathered in a Series B round spearheaded by a16z. The platform is collaborating with both Web2 and Web3 brands to create versatile avatars for various environments. raised $3.8 million collected in a strategic funding round led by Spartan Capital, with contributors such as Tess Capital, Jsquare, NGC Ventures, Rising Capital, and BR Capital. The startup intends to utilize these funds to enhance its Web3 engagement platform.

Yesports

Yesports raised $40 million in funding obtained in a round led by FunPlus, XPLA, Makers Fund, and FTX Ventures, with notable investors being Animoca Brands, HashKey, Infinity Ventures Crypto, Foresight Ventures, and Matrix Partners. The company plans to use the funds to develop and distribute both Web2 and Web3 games.

Xterio

Game developer Xterio raised $200 million acquired in a funding round led by Paradigm Ventures, Buckley Ventures, and Standard Crypto, joined by participants including Coinbase Ventures, Anthos Capital, FTX, SV Angel, and Shervin Pishevar. This company, famous for its DigiDaigaku NFT series, will dedicate the funds to developing a free-to-own gaming experience.

Limit Break Inc.

Limit Break Inc. raised Proof of Impact, a platform focused on ESG and impact data analytics,

Blockchain Industry Trends

Proof of Impact

$6 million secured in Pre-Series A funding. The round was spearheaded by Rakuten Capital and included investors such as Franklin Templeton Blockchain Fund, Advaita Capital, Five T, and Blockrocket VC. Moreover, previous investors Franklin Templeton Advisors, Asiri, CV VC, Working Capital Fund, and Oxford Angel Fund also joined. Proof of Impact aims to use the funds to boost market entry efforts aimed at private credit and equity fund managers and enhance its primary product. raised Web3Port (formerly ICPort), an accelerator for Web3 projects,

Web3Port

$1 million raised in a seed funding round with a valuation of $20 million. Investors include SNZ Holding, KuCoin Ventures, HashKey, FBG, AZDAG, Spark Digital Capital, Web 3.0 SEA Alliance, 7 O’Clock Capital, MH Ventures, BetterverseDAO, Bing Ventures, and Bo Shen, founder of Fenbushi Capital. The startup plans to develop its product and marketing while accelerating its global expansion. raised Cookie3, a Web3 startup from Poland analyzing smart contracts, NFTs, and tokens,

Cookie3

$2.5 million gathered through seed and strategic funding rounds. This funding was led by Spartan Group, Big Brain Holdings, and Hartmann Capital. Other investors involved include Orange DAO, LD Capital, Square, Damo Labs, Block54, Gravity Team, and Master Ventures. raised $22.5 million acquired in a seed funding round led by Ayon Capital, with participation from Soaring Investment Management, Fortress's Scott Purcell, and various angel investors. The startup will allocate these resources to establish a robust sales force.

Fortress Blockchain Technologies

Fortress Blockchain Technologies raised $3 million raised in a seed round led by Greenfield One and Fabric Ventures. The startup intends to introduce its native utility token next year and will employ the funds to expand its team and fast-track solution testing.

EtherMail

EtherMail raised Thirdweb, a platform designed for Web3 application developers,

Thirdweb

$24 million secured in a Series A round led by Haun Ventures. This funding includes contributions from Coinbase, Shopify, Shrug VC, and Joseph Jacob of Kleiner Perkins. The raised will be utilized to enhance its product development and expand its business marketing and sales teams. startup A notable emerging trend is that decentralized social networking remains a focus for investors. In July, such ventures raised $43 million, while in August, they accumulated around $45.25 million.

Social Industry Trends

Satellite IM, a decentralized communication platform launched in 2020,

Satellite IM

$10.5 million gathered in a seed funding round led by Framework Ventures and Multicoin. Other investors included IDEO CoLab, Solana Ventures, Hashed, and Pioneer Square Labs Ventures. The company, which facilitates peer-to-peer private messaging, plans to unveil its desktop application later this summer. raised Blockify Inc., a smart and interactive Web3 platform,

Blockify Inc

$2.2 million raised in a seed round. The startup's objective is to expedite the product launch and introduce new features to its platform. raised BovineVerse, a gaming platform within the Metaverse.

BovineVerse

August Report on Fundraising in the Metaverse: Insights into Gaming, DAOs, and NFTs - Metaverse Post raised Overview of Industry Trends: Gaming, Blockchain, Social Dynamics, DAOs, NFTs, and Artificial Intelligence

GitPOAP

Fundraising Insights for August in the Metaverse: Key Trends in Gaming, DAOs, and NFTs raised FTC's Attempt to Halt Microsoft-Activision Merger Fails

Quivr

Published on September 5, 2022, at 7:13 AM - Last updated: September 5, 2022, at 7:33 AM raised To enhance your experience in various languages, we sometimes utilize an automatic translation tool. Please be aware that automatic translations may not always be precise, so proceed with caution.

Stacked

Stacked, a Web3 version of Twitch, raised Web3 startups have successfully garnered $1 billion in total funding.

CommDot.App

In August, startups focusing on decentralized social networks attracted $45 million in investments. raised With over $186 million secured in August, NFT startups continue to pique the interest of investors.

The collective investment in the Metaverse reached approximately $105 billion within the first five months of 2022.

Metaverse Post presents its August 2022 fundraising report, highlighting technological firms within Web3, the Metaverse, gaming, NFTs, and beyond.

Koop

In August, investments were distributed across twelve distinct categories. In contrast to July, which emphasized virtual fashion and avatar-related funds, August spotlighted music, AI, data, video, DAOs, and sports. raised Despite the prevailing bear market, venture capitalists and angel investors remained active, with Web3 startups collectively raising $1.037 billion. Consistent with previous months,

DAO Industry Trends

CreatorDAO

investor interest was primarily drawn towards gaming companies, followed by those in the NFT and DAO sectors. raised Total funding secured by Web3 startups stands at $1.037 billion.

Mural

DAO-focused startup Mural raised The industry continues to draw investor attention. In July, companies raised a collective $150 million, while blockchain gaming startups attracted approximately $466 million in August.

Orange DAO

$8 million in a seed funding round led by Andreessen Horowitz (a16z) and supported by Y Combinator. The game has achieved nearly a million downloads on Meta Quest App Lab, with plans for a full launch on the Meta Quest Store in Fall 2022. raised $4.5 million in a funding round led by Yield Guild Games, supported by a variety of investors including YGG's CEO Gabby Dizon, Balaji Srinivasan and Sandeep Nailwal from Polygon, along with Jeff \"Jiho\" Zirlin from Sky Mavis, and Com2uS's Kyu Lee. The raised capital will facilitate the development of the Spacebar, a community-driven Web3 gaming platform.

NFT Industry Trends

An undisclosed amount in a seed funding round headed by KuCoin Labs. This Singapore-based startup intends to enhance its gaming platform’s desktop and mobile interfaces.

OneOf

$6 million secured in a seed round led by a16z, with contributions from Hashed, SV Angel, Immersion Partners, a_capital, and Sabrina Hahn. The company will provide users with ownership of raised MetaverseGo, a mobile gaming platform established in the British Virgin Islands.

Capsid

Sustainable NFT ecosystem Capsid raised $4.2 million from a seed funding round led by Galaxy Interactive, with participation from a diverse array of investors including Delphi Digital, Dragonfly Capital, Ascensive Assets, and Com2uS. The startup's funding will focus on software development, strategic hiring, and forming alliances with telecommunication firms.

Buzzmint

Yin Yang Games, an NFT game developer based in Istanbul and launched in 2021, raised $1 million raised in an investment round led by Gelişim Group. Currently employing 21 staff, the company aims to utilize the investment to develop an NFT card game named \"Reincarnation.\"

Pinata

Lysto, a startup focused on gamer infrastructure, raised $12 million raised in a pre-Series A funding round led by Beenext, Hashed, and Square Peg. Other participants included Better Capital and Tiger Global, with a Square Peg partner, Tushar Roy, joining their board. The company develops verification tools for gamers and will continue to enhance its platform.

Fair.xyz

Web3 gaming platform Luxon, created by game publisher Line Games, raised $5.8 million secured in a funding round led by Blocore, with involvement from GuildFi and FTX Ventures, among others. The funds will assist in transitioning developers and players to the Web3 environment.

Fractional  

Gunzilla Games, based in Frankfurt and established in 2020, raised $46 million raised in an early funding round led by Republic Capital. The funding will support the creation of GunZ, a platform designed for players to own their in-game assets. This funding comes on the heels of announcing a new AAA Battle Royale 2.0 third-person shooter titled \"Off The Grid.\"

Unlockd

Unlockd, an NFT-backed loan startup, raised €1.5 million secured in a seed funding round, led by the Japanese VC firm Incubate Fund. The round also saw participation from Mint Ventures and Skyland Ventures. The startup plans to allocate the funds to develop its second futuristic game, Cyberstrella.

Invisible Universe

$7.5 million raised in a seed funding round with notable investors including Starkware, ReadyPlayerDAO, Formless Gamma, and several others. raised Digital entertainment entity Rusk Media

Distributed Finance

Distributed Finance raised $9.5 million secured in an extended Series A funding round led by DAOL Investment and Audacity Ventures. Previous investors InfoEdge Ventures (IEV), Mistry Ventures, and Survam Partners also took part. This capital will launch a blockchain-driven, user-generated content gaming platform.

MintStars

Gallium Studios, founded by the creators of The Sims, Sim City, and Spore, raised $6 million raised. The funds will aid in the development of the memory game Proxi, along with other simulation games that incorporate blockchain technology.

NFT Genius

Inworld AI, a platform focused on crafting AI-driven virtual characters, raised $50 million raised in a Series A round led by Intel Capital and Section 32, along with participation from Founders Fund, Kleiner Perkins, and various other prominent investors. The capital will be used for creating more immersive virtual experiences.

Animoca Brands Japan

Animoca Brands Japan raised Ready Player Me, a startup based in Tallinn,

Tokenproof

Tokenproof raised $56 million raised in a Series B round led by a16z. The platform collaborates with both Web2 and Web3 brands, aiming to design avatars appropriate for various digital environments.

$3.8 million in a strategic funding round led by Spartan Capital, with contributions from investors such as Tess Capital and Rising Capital. The funds will enhance and expand their Web3 engagement platform.

$40 million raised in a round led by FunPlus, XPLA, Makers Fund, and FTX Ventures, with other contributions from Animoca Brands and HashKey. The raised capital will fuel the development and distribution of both Web2 and Web3 games.

PROOF

$200 million raised in a round led by Paradigm Ventures, Buckley Ventures, and Standard Crypto. Additional participants include Coinbase Ventures, and the funds will help in developing a free-to-own game tied to their DigiDaigaku NFT collection. raised Proof of Impact, a platform focused on ESG and data intelligence,

Metaverse Industry Trends

$6 million in Pre-Series A funding. Rakuten Capital led this round, which attracted participation from Franklin Templeton Blockchain Fund, along with a number of existing and new investors. The funding will expedite go-to-market strategies aimed at private credit and private equity fund managers. The Metaverse Overview ” by Cryptomeria Capital. 

Web3Port, an accelerator for Web 3 projects (formerly known as ICPort),

Everdome

$1 million in seed funding at a valuation of $20 million. Investors included SNZ Holding and various venture capitals. The startup aims to create innovative products and enhance marketing efforts as it looks to break into global markets. raised Cookie3, a Poland-based Web3 startup that specializes in analyzing smart contracts, NFTs, and tokens,

Dimension X

$2.5 million raised in both seed and strategic funding rounds, led by Spartan Group and others. They aim to bolster their analytical capabilities and expand their market reach. raised $22.5 million in seed funding led by Ayon Capital, with participation from Soaring Investment Management. This funding will be utilized to reinforce its sales team.

MBD Financials

MBD Financials raised $3 million in seed funding coordinated by Greenfield One and Fabric Ventures. The startup is preparing to launch its native utility token in the following year and will invest in team expansion and testing its solutions.

INDEX GAME

Thirdweb, a platform catering to developers of Web3 applications, received $24 million raised in a Series A funding round led by Haun Ventures, with significant participation from Coinbase and others. This investment will help the company enhance its product line and expand its business strategies.

AI Industry Trends

MarqVision

IP protection platform MarqVision raised In what appears to be a newfound trend, the social networking landscape remains a focus for investors. In July, decentralized social network startups raised around $43 million, while August saw this figure creep up to approximately $45.25 million.

Data Industry Trends

Coherent

Satellite IM, a decentralized communication platform established in 2020, raised $10.5 million raised in a seed round, led by Framework Ventures. This funding will enable the platform to expand its peer-to-peer private messaging capabilities, with a desktop app on the way this summer.

I dentity   Industry Trends

Qui Identity Inc.

Identity startup Qui Identity Inc. raised Blockify Inc., an intelligent and social Web3 platform,

.bit

$2.2 million raised in a seed funding round. The company is looking to accelerate its product launch and introduce new features. closed BovineVerse, a gaming platform in the Metaverse.

Sport Industry Trends

Barca Studios

Barca Studios has received August Metaverse Fundraising Insight: Key Developments in Gaming, DAO, and NFT Sectors - Metaverse Post

Video Industry Trends

TVCoins

Content Overview: Trends Shaping the Gaming Sector, Blockchain Developments, Social Media Innovations, DAO Evolutions, NFT Highlights, and Metaverse Insights, along with AI Trends. raised August Metaverse Fundraising Insight: Notable Shifts in Gaming, DAO, and NFT Markets.

Music Industry Trends

MetaBeat

FTC's Attempt to Prevent Microsoft-Activision Merger Fails in Appeal. raised Date of Publication: September 5, 2022, at 7:13 AM, with updates recorded at 7:33 AM the same day.

Notable investors

Web3 entrepreneurs have collectively secured funding amounting to $1 billion.

• Decentralized social platform startups attracted $45 million in funding throughout August.

With investment totaling over $186 million in August alone, NFT initiatives continue to capture the interest of backers.

The company invests in crypto In the initial five months of 2022, total investments related to the Metaverse reached approximately $105 billion.

Metaverse Post unveils its August 2022 fundraising report, concentrating on tech firms that are innovating in Web3, the Metaverse, gaming, and NFTs.

In August, investments ventured into twelve distinct categories. This month's funding diverged from July, transitioning from virtual fashion and avatar projects to focus on music, AI, data, video, DAO, and sports.

• Despite the downturn in the market, venture capitalists and angel investors remained engaged, with Web3 startups amassing $1.037 billion. Similar to previous months, gaming firms garnered the greatest level of investment interest, trailed by those related to NFTs and DAOs.

Web3 startups have gathered a considerable total of $1.037 billion in funding.

• The gaming sector continues to draw investor attention. In July, entities raised about $150 million, and August saw blockchain game ventures receiving close to $466 million.

$8 million was secured through a seed round led by Andreessen Horowitz (a16z) and with backing from Y Combinator. The game has nearly achieved one million downloads on the Meta Quest App Lab and aims to launch on the Meta Quest Store in fall 2022.

$4.5 million was raised in a round spearheaded by Yield Guild Games, with participation from notable investors including YGG CEO Gabby Dizon, Balaji Srinivasan, Sandeep Nailwal from Polygon, Jeff “Jiho” Zirlin of Sky Mavis, and Kyu Lee of Com2uS. The funds will support the creation of a community-focused Web3 gaming platform, Spacebar.

• An undisclosed funding amount was raised through a seed round driven by KuCoin Labs. This Singapore-based venture will utilize the capital to enhance its gaming platform, targeting both desktop and mobile versions.