The Persistent Innovators in the Crypto Landscape
The cryptocurrency market may not be hitting the headlines with monumental price surges lately, but that hasn’t deterred the creative minds behind the scenes. New ventures in nonfungible tokens (NFTs), crypto mortgages, blockchain cellular networks, and Web3 gaming are capturing the interest of savvy venture capitalists. This latest edition of VC Roundup serves as a testament to how these forward-thinking investors are still keen on cryptocurrency’s potential, as they flock to the most enticing sectors within this digital frontier.
a16z’s NFT Fund: Riding the Digital Art Wave
In a move that solidifies its commitment to blockchain technology, the esteemed venture capital firm Andreessen Horowitz (a16z) has thrown its proverbial hat into the NFT ring by supporting a new fund named Curated. Valued at a cool $30 million, this specific fund exclusively focuses on acquiring and holding NFT artwork. With prominent investors from a16z, including Marc Andreessen and Chris Dixon, this initiative underscores a growing trend where NFTs are appreciated as stores of value, especially amid inflation. Who knew that pixelated art could be synonymous with financial security?
Milo’s Crypto Mortgages: A Bold New Frontier
In a groundbreaking shift, crypto-focused startup Milo has secured $17 million in Series A funding, aiming to reshape how individuals think about homeownership. Milo’s 30-year crypto mortgage permits clients to use their digital assets as collateral for home loans. Since its inception, it has already racked up over 7,400 applications, indicating that people are more than ready to embrace the future. Imagine trading a piece of your digital stash for a cozy suburban abode!
Lunar’s Crypto-Friendly Neobank: Making Digital Assets Accessible
Riding the wave of cryptocurrency popularity, Scandinavian neobank Lunar has successfully raised $77 million. Now valued at $2 billion, this neobank is set to introduce a cryptocurrency platform focusing on top players such as Bitcoin and Ether. It’s like the Netflix of banking, but for crypto!
FreedomFi and Joyride: The Game Changers
FreedomFi is not just a catchy name; it’s a venture collecting $9.5 million to develop a Web3 platform that enables decentralized small cell networks through crowd-sourcing with digital assets. Meanwhile, the gaming space isn’t left behind either, as Joyride Games closes a $14 million seed round to empower developers focused on blockchain sports and social gaming. Talk about leveling up!
Riding the Crypto Unicorn Wave
Last but not least, Laguna Games hit it big with a $26 million token sale for its Crypto Unicorns NFT collection. With major players like TCG and CoinFund investing, it’s clear that the unicorns have captured the hearts—and wallets—of many in the community.
