September Metaverse Fundraising Analysis: Insights on Infrastructure, Gaming, and NFTs

Metaverse Post has rolled out a fundraising report for September 2022, highlighting firms engaged in Web3, the Metaverse, digital gaming, NFTs, and other related fields. 

In September, a total of 16 sectors drew investor interest. Following August's focus on AI, DAOs, videos, and social media startups, September introduced a fresh area of intrigue: educational investments within the Metaverse.

Venture Capitalists and angel investors remained active, pouring in a total of $1,312.85 million even amid a bear market and economic uncertainties affecting fiat currencies.

This month's report draws attention to infrastructure startups, which saw unprecedented investments totaling $469 million. In contrast, investments in the gaming sector plummeted from an impressive $466 million in August to just $129 million in September. Additionally, VCs focused on security, data solutions, and incubators. 

G aming Industry Trends

The gaming industry experienced a funding drop, bringing in only $129 million in September compared to $466 million the previous month, which could signal waning investor enthusiasm. Yet, back in July, blockchain gaming startups had secured around $150 million, indicating their prominence that month.

The African gaming initiative Metaverse Magna raised $3.2 million raised at a valuation of $30 million, with notable investors including game developer Wemade, the venture firm Gumi Cryptos Capital, HashKey, Taureon, Tess Ventures, AFF, LD Capital, Polygon Studios, IndiGG, and angel investor Casper Johansen. The project aims to establish the largest gaming DAO in Africa.

Web3 game developer Internet Game raised $7 million secured in a seed funding round, with participation from notable figures such as Rus Yusupov, ParaFi Capital, Dragonfly Capital, Collab+Currency, Dephi Digital, Uniswap Ventures, crypto influencer Gmoney, Milk Road, Ready Player DAO, and Magic Eden co-founder Zedd. 

Decentralized gaming platform Gameplay Galaxy raised $12.8 million raised in an initial funding round led by Blockchain Capital, with involvement from Merit Circle, Com2uS, Mysten Labs, and Solana Ventures. The initiative aims to pioneer new gaming experiences infused with innovative Web3 features. 

Web3 games studio Revolving Games raised $25 million raised in a Series A round, backed by prominent investors such as Animoca Brands, Pantera Capital, Polygon, Kenetic Capital, Sarmayacar, Dapper Labs, Perm Capital, DWeb3 Capital, and Dan Houser, co-founder of Rockstar Games. The goal is to create immersive decentralized gaming environments. 

Videogaming firm Random Games raised $7.6 million obtained in a seed funding round led by Resolute Ventures and Uneven, with contributions from 2 Punks Capital, Asymmetric, IGNIA, ID345, Polygon, and David Jones. The company intends to channel the investments towards its group’s development. 

Vulcan Forged , an NFT gaming studio and marketplace, raised $8 million in a Series A round led by SkyBridge Capital, with plans to accelerate the development of the Vulcan Forged Metascapes. raised Immortal Game , a play-and-earn chess platform, acquired $15.5 million, backed by Kim Ventures, TCG Crypto, Alien, Moonier Ventures, Spice Capital, Kraken, Blockwater Capital, Thirty Five Ventures, and Sparkle Ventures. The funding will help provide a next-generation online chess experience.

Theorycraft , an independent game developer, succeeded in a Series B funding round of $50 million led by Makers Fund, with support from A16z and NEA. The company plans to expand its team for its debut game, titled Loki. raised In August, the Metaverse sector attracted $22.3 million, but September saw a surge in investments to $39 million. The standout in this space is Hadean, a London-based firm innovating in Metaverse infrastructure technology. 

MetaFi , a trading platform in the Metaverse based in Dubai, raised $3 million at a valuation of $25 million, with investor support from DoublePeak Group, Megala Ventures, Maven Capital, OKX Blockdream Ventures, Magnus Capital, Mintable Go! Fund, Legion Ventures, SL2 Capital, X21 Digital, Good Games Guild, MetaGaming Guild, and Athena Ventures. The aim is to establish a groundbreaking 'Trading Metaverse.' raised Hypersonic Laboratories , the developer behind HELIX Metaverse, has successfully raised $3.5 million in a pre-seed funding round, with contributions from SamsungNext, GSR, and angel investors Alex Chung and Scott Belsky. 

M etaverse Industry Trends

SerMorpheus , an Indonesian initiative assisting brands in transitioning to the Metaverse, secured $2.5 million in a seed round led by Intudo Ventures with backing from 500 Global, Caballeros Capital, Febe Ventures, AlphaLab Capital, and BRI Ventures. The funds will be allocated for infrastructure development and talent acquisition. 

$30 million raised in a Series A round, led by Molten Ventures, with participation from 2050 Capital, Aster Capital, Alumni Ventures, InQTel, and Entrepreneur First. The London-based startup aims to create groundbreaking Metaverse infrastructure technology.  raised On the topic of digital art and PFP collections, despite fluctuations, the NFT market remains vibrant. Major NFT projects are continuously enhancing their value proposition by integrating unique functionalities and recruiting seasoned Web2 executives to refine their strategies. For example, the Doodles NFT project has recently appointed a Chief Brand Officer,

from Billboard. In September, the firm raised $54 million directed towards product innovation. raised Overall, investment in this segment saw a decline from $186.4 million in August to $111 million in September.

$7 million secured in a strategic seed round, with participation from Chapter One, Foundation Capital, Solana Ventures, FTX, Magic Eden, Hello Moon, Big Brain Holdings, Metaplex Foundation, Jump Crypto, Jupiter, Hyperspace, MystenLabs, and Cymbal.  raised Exchange Art , a fine art marketplace supported by Solana, successfully raised $3.2 million in a seed round, with investors including Layer One Ventures, Big Brain Holdings, Cultur3 Capital, Vandelay Financial Group, and angel investor Cozomo de Medici. 

Hadean raised B+J Studios , focused on developing blockchain-based solutions for mainstream consumer and institutional applications,

NFT Industry Trends

$10 million raised in a Series A round, with support from Brevan Howard Digital, Foundation Capital, Big Brain Holdings, Republic Capital, Starting Line, and executives from Solana Labs. bubble might seem to burst $54 million raised in a funding round led by Seven Seven Six, a venture capital firm co-founded by Reddit's Alexis Ohanian. Other contributors included Acrew Capital, 10T Holdings, and cryptocurrency exchange FTX. The company aims to employ a diverse team of creative minds, engineers, business leaders, and marketers. Additionally, this funding will support product development, acquisitions, proprietary technology, media efforts, and enhancing collector experiences. Pharrell Williams , and a new CEO, Julien Holguin Socially-driven NFT investment app Sintra

$2 million secured in a seed funding round led by Leminscap, with participation from FTX, Chorus One, CMCC Global, and Big Brain Holdings. The app is currently in public beta testing. 

Dust Labs raised $5 million raised in a seed funding round led by TCG Crypto and 1kx. 

"We believe that creators will now have a platform to forge a direct connection with their most dedicated fans, differentiating themselves from existing platforms like Instagram, YouTube, and other traditional video channels,\"

shared Jarrod Dicker, a partner at TCG Crypto.  raised Open-source software firm Smart Token Labs

NFT project Doodles raised $6 million raised in a round led by Liang Xinjun, with contributions from HashGlobal, Bodl, and Fenbushi Capital. 

Coral aims to revolutionize the Web3 experience with its own version of Apple’s app store, raised $20 million raised in a strategic funding round led by FTX Ventures and Jump Crypto. Multicoin Capital, Anagram Crypto, K5 Global, and other participants were involved. 

Video-focused NFT platform Glass raised Minteo , an NFT marketplace based in Latin America,

$4.3 million raised in a seed round, with support from OpenSea, Fabric Ventures, Dune Ventures, Big Brain Holdings, CMT Digital, Impatient VC, SevenX Ventures, Susquehanna Private Equity Investments, FJ Labs, G20 Ventures, Zero Knowledge, Alliance DAO, and various angel investors. 

$7.3 million raised in a funding round led by Omnes Capital, Revam, Digital Finance Group, and Ternoa. This startup collaborates with developers of Augmented NFT solutions. 

$1.1 million raised in a round co-led by Palm Tree Crypto and Coop Records. Investors included Noise DAO, LongHash Ventures, 2PinksCapital, Narcissus Ventures, and a range of angel investors such as DegenDaVinci, MarkyMetaverse, Sparkart, among others.  raised $5 million raised in a seed round led by a16z, with participation from 1confirmation, Palm Tree Crew, WndrCo Ventures, the Audius Foundation, as well as notable individuals like 3LAU, Wyclef Jean, Disco Fries, Electric Feel Ventures, Louis Bell, Joe Zadeh, Shayne Coplan, Paul Veradittakit, Cooper Turley, and Steve Aoki. The funding will help develop an open-source platform for music creation and distribution. 

Space ID , a name service network, has recently concluded its seed funding round. raised The startup is set to enhance its development of the .bnb Domain Name Service. 

The Web3 platform for daily fantasy sports competitions, HotStreak , raised $9 million secured in a Series A funding round led by Polychain Capital. 

AR Industry Trends

Capsule Corp Labs has raised Fundraising Insights for the Metaverse in September: Key Developments in Infrastructure, Gaming, and NFTs | Metaverse Post

M usic Industry Trends

RELICSxyz raised In its latest edition, Metaverse Post presents a detailed fundraising review for September 2022, spotlighting technology firms that are deeply involved in Web3, the Metaverse, gaming, NFTs, and much more.

Arpeggi Labs raised September's Fundraising Overview for the Metaverse: Analyzing Infrastructure, Gaming, and NFT Trends

I dentity Industry Trends

Contents Overview: Trends in the Gaming Sector, Metaverse Developments, NFT Advances, Augmented Reality Trends, Insights on Music Industry Trends, Identity Sector Developments, and Sports Industry Trends. led by Binance Labs FTC's Attempt to Halt Microsoft-Activision Merger Fails

S ports Industry Trends

Published: October 5, 2022, at 6:09 AM | Updated: October 7, 2022, at 3:58 AM raised To enhance your experience in your preferred language, we occasionally use an automated translation tool. Please be aware that the quality of these translations may vary, so exercise caution when reading.

E ducation Industry Trends

In September alone, startups specializing in Web3 attracted substantial investments totaling $1.3 billion.

The infrastructure segment garnered $469 million in funding this month. raised Meanwhile, funding within the gaming sector significantly dropped to $129 million, indicating a marked decline in investment volume.

Despite the prevailing bear market, startup companies focused on NFTs continue to pique the interest of venture capitalists. raised Metaverse Post showcases its September 2022 fundraising report, which emphasizes tech startups engaged in Web3, the Metaverse, gaming, NFTs, and related fields.

D ata Industry Trends

During September, investors explored 16 different sectors. While August's focus was on AI, DAOs, and social media platforms, this month highlighted a rising interest in metaverse-related educational investments. raised Despite challenging market conditions and the fluctuating value of fiat currencies, venture capitalists and angel investors managed to invest a substantial total of $1.312 billion.

This report particularly highlights the surge of interest in infrastructure startups, which raised a record-breaking $469 million this month. In contrast, the gaming sector had previously raised a remarkable $466 million, but witnessed a drastic drop to $129 million in September. Notably, VCs also allocated funds to areas like Security, Data, and Incubator projects. raised Previously, the gaming industry had accumulated $466 million in August, but September's figures of $129 million suggest a waning enthusiasm from investors. Nonetheless, it's worth noting that in July, blockchain gaming startups had enjoyed investments close to $150 million and consistently led monthly funding efforts.

Web3 game developer Internet Game raised The African gaming collective, known as Metaverse Magna ,

raised Web3 games studio Revolving Games $3.2 million raised at a valuation of $30 million, with notable backers including game developer Wemade, venture capital firm Gumi Cryptos Capital, and several angel investors. The ambitious goal here is to create the largest gaming DAO in Africa.

Successfully securing $7 million during a seed funding round, with notable investors like Rus Yusupov and other prominent venture partners. raised Gameplay Galaxy , a decentralized gaming ecosystem,

Videogaming firm Random Games raised $12.8 million led by Blockchain Capital with participation from Merit Circle, Com2uS, and Solana Ventures. This startup aims to innovate by creating new games that incorporate cutting-edge Web3 features.

raised

$25 million raised through a Series A funding round, attracting investments from firms such as Animoca Brands and Rockstar Games co-founder Dan Houser, focused on developing decentralized gaming experiences. raised $7.6 million has been raised in a seed funding round spearheaded by Resolute Ventures and Uneven, with a variety of other investors aiding in this pursuit. This funding is set to bolster the development of their gaming group.

Vulcan Forged , a marketplace and gaming studio dedicated to NFTs,

raised M etaverse Industry Trends $8 million achieved in a Series A funding round led by SkyBridge Capital, aimed at expediting growth within the Vulcan Forged Metascapes.

raised raised Immortal Game , a Play-and-Earn chess platform,

Raised $15.5 million backed by multiple investors, including Kim Ventures and Kraken, with plans focused on creating a next-gen online chess platform. raised Theorycraft , an independent game development studio,

Hadean

raised NFT Industry Trends Successfully raised $50 million in a Series B funding round led by Makers Fund, with backing from A16z and NEA, aimed at scaling their team for the production of their debut title, Loki.

bubble might seem to burst Pharrell Williams August saw the Metaverse sector raise $22.3 million, a significant increase to $39 million in September, largely driven by London-based Hadean, which is pioneering innovative infrastructure technologies for the Metaverse.

, and a new CEO, Julien Holguin MetaFi , based in Dubai as a trading Metaverse platform,

Dust Labs

raised raised Secured $3 million with a valuation of $25 million, backed by several notable investors, with plans focused on building a robust 'Trading Metaverse.'

Hypersonic Laboratories , developer of HELIX Metaverse technology, NFT project Doodles Closed a pre-seed investment round of $3.5 million, with participation from renowned investors including SamsungNext.

SerMorpheus from Indonesia, aiding brands in navigating the Metaverse,

Raised $2.5 million through a seed round led by Intudo Ventures, with plans to enhance infrastructure and grow their talent pool. raised $30 million was raised in a Series A round, spearheaded by Molten Ventures, indicating a commitment to constructing groundbreaking infrastructure technology for the Metaverse.

raised Video-focused NFT platform Glass In the realm of digital artworks and profile picture (PFP) collections, the NFT market continues to evolve. Blue-chip projects are increasingly adding unique utilities and enlisting C-suite executives from traditional Web2 spaces to strengthen their strategies. A case in point is the Doodles NFT project, which recently appointed a Chief Brand Officer formerly of Billboard.

In September, Doodles successfully raised $54 million dedicated to product expansion. raised Overall, investment volumes in the NFT sector declined from $186.4 million in August down to $111 million in September.

raised

$7 million raised in a strategic seed round with contributions from various prominent participants. raised Exchange Art , a fine art marketplace backed by Solana, raised $3.2 million in a seed round, drawing investment from a variety of notable backers.

raised AR Industry Trends B+J Studios , focused on developing blockchain-based solutions for both consumer and institutional use cases,

Capsule Corp Labs has

$10 million was raised in a Series A funding round with support from several high-profile investors. raised $54 million secured in a funding round led by the venture firm Seven Seven Six established by Reddit co-founder Alexis Ohanian, aimed at enhancing their resources and fostering innovation.

M usic Industry Trends

Sintra , socially-driven NFT investment platform, RELICSxyz Raised $2 million through a seed funding strategy led by Leminscap; it's currently in a public beta phase.

raised Arpeggi Labs $5 million secured from combined efforts during a seed round endeavor.

raised I dentity Industry Trends We are confident this platform will empower creators to forge closer connections with their most dedicated fans, offering a unique experience distinct from traditional platforms like Instagram or YouTube,” led by Binance Labs said Jarrod Dicker, Partner at TCG Crypto.

S ports Industry Trends

Smart Token Labs , a company focusing on open-source software solutions, raised Raised $6 million in a round facilitated by Liang Xinjun and supported by various participating entities.

Coral , a company aspiring to develop Web3’s equivalent to Apple’s app store, E ducation Industry Trends $20 million in a strategic round led by FTX Ventures, with backing from various other notable participants.

Minteo , an NFT marketplace established in Latin America, raised Secured $4.3 million during their seed round, with a diverse array of investors supporting their vision.

$7.3 million has been raised during a round led by Omnes Capital, collaborating with partners working on Augmented NFT solutions. raised $1.1 million raised co-led by Palm Tree Crypto, attracting other key investors focused on building innovative solutions.

A seed round of $5 million was secured with leadership from a16z, drawing considerable attention from several high-profile participants. This funding will help to create an open-source platform for music production and publishing. D ata Industry Trends The naming service network Space ID completed its seed funding round,

raised raised intending to advance the development of the .bnb Domain Name Service.

Web3 game developer Internet Game

HotStreak , a Web3 platform tailored for daily fantasy sports contests, raised raised $9 million in a Series A funding round led by Polychain Capital.

September Metaverse Fundraising Overview: Insights into Infrastructure, Gaming, and NFTs raised Metaverse Post presents its funding analysis for September 2022, concentrating on tech firms operating within the realms of Web3, the Metaverse, gaming, and beyond.

September Metaverse Fundraising Overview: Insights into Infrastructure, Gaming, and NFTs Web3 games studio Revolving Games Content Overview: Trends in Gaming, Metaverse, NFTs, Augmented Reality, Music, Identity, and Sports Industries

raised Videogaming firm Random Games FTC's Attempt to Halt the Microsoft-Activision Merger is Rejected

Date of Publication: October 05, 2022, at 6:09 am — Last Updated: October 07, 2022, at 3:58 am raised For a better local experience, we occasionally utilize an auto-translation tool. Please be aware that the translated content may lack precision, so read with caution.

Web3 startups garnered an impressive $1.3 billion in funding throughout September. raised Infrastructure-focused startups secured $469 million in investments.

The gaming sector attracted $129 million, experiencing a significant drop in funding. raised Despite the ongoing bear market, NFT startups continue to pique investor interest.

raised M etaverse Industry Trends Metaverse Post delivers a funding overview for September 2022, showcasing tech enterprises adept in Web3, Metaverse, gaming, NFTs, and more.

raised raised In September, a total of 16 sectors drew investor attention. While August was characterized by funding for AI, DAO, video, and social startups, September highlighted a new area of focus on educational investments within the Metaverse.

raised Hadean raised

NFT Industry Trends

Even amidst the challenging bear market and declining fiat currencies, venture capitalists and angel investors were still active, channeling a remarkable $1.3 billion into various projects.

The spotlight of this report is on infrastructure startups, which achieved a groundbreaking $469 million in funding. Notably, while the gaming sector received an astounding $466 million in August, this number fell to just $129 million in September. Additionally, investors have started branching out into Security, Data, and Incubator domains. bubble might seem to burst In August, the gaming industry saw a remarkable funding of $466 million, while September only managed to attract $129 million, hinting at a potential waning interest from investors. For comparison, blockchain gaming providers had secured about $150 million back in July, leading the investment scene for that month.

The African gaming community initiative, Metaverse Magna,

raised $3.2 million at a $30 million valuation. This round included backing from the game development firm Wemade, venture capital firm Gumi Cryptos Capital, HashKey, Taureon, Tess Ventures, AFF, LD Capital, Polygon Studios, IndiGG, and angel investor Casper Johansen. Their ambition lies in establishing Africa's largest gaming DAO.

Pharrell Williams

• Secured $7 million in a seed funding round, supported by prominent names like Rus Yusupov, ParaFi Capital, Dragonfly Capital, Collab+Currency, Dephi Digital, Uniswap Ventures, crypto influencer Gmoney, Milk Road, Ready Player DAO, and Zedd, the co-founder of Magic Eden.
• The decentralized gaming platform Gameplay Galaxy
• received $12.8 million in a seed funding round led by Blockchain Capital. Other participants included Merit Circle, Com2uS, Mysten Labs, and Solana Ventures. This initiative aims to develop new games infused with innovative Web3 capabilities.