While the market is looking bearish, venture capital is as bullish as ever. The latest edition of VC Roundup highlights the continued growth of Web3 gaming, metaverse applications and even DeFi protocols.
Global hacker movement gets backing from blockchain VCs
DoraHacks, a hacker movement that offers Web3 developer grants, has closed a $20 million funding round led by FTX Ventures and Liberty City Ventures. Additional investors included Circle Ventures, Gemini Frontier Fund, Crypto.com Capital, Amber Group and Sky9 Capital. DoraHacks will use the funding to launch several initiatives, including decentralized grant community Dora DAO and a new venture fund that will invest in emerging technology startups.
. Roughly one-third of the funds were raised via bond vouchers on Solv Protocol, a platform that enables the creation of new financial instruments expressed in the form of nonfungible tokens .DAO management platform closes funding round Common, a community management initiative for decentralized autonomous organizations, or DAOs, has closed a $20 million funding round to expand its platform and further decentralize its operations. Common gives users the ability to create, manage and govern their own blockchain communities. The company claims to have 500 active communities including crypto projects dYdX, Axie Infinity, Solana and Polygon.
DeFi protocol Centrifuge has partnered with blockchain venture firm BlockTower to accelerate the financialization of real-world assets on-chain. To support this initiative, the partners secured $3 million in treasury token sales from both traditional and crypto investors. The
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