VC Roundup: ‘Web5,’ Metaverse sports and Bitcoin monetization startups generate buzz

2022.07.10 16:20

VC Roundup: ‘Web5,’ Metaverse sports and Bitcoin monetization startups generate buzz

A lot has happened in the Bitcoin (BTC) and cryptocurrency markets since our last edition of VC Roundup. The monumental collapse of the Terra ecosystem spilled over into other segments of the digital asset market, exposing over-leveraged traders, lending platforms and venture capital funds. In the process, Bitcoin’s price plumbed new lows, falling below the previous cycle’s peak for the first time in its history.

Despite macro headwinds inflicting pain on the crypto markets, venture capital firms are still investing in the industry’s most promising startups. The latest edition of VC Roundup highlights funding deals for digital asset infrastructure providers, non-custodial crypto protocols, payment solutions and decentralized identity management companies.

Digital asset infrastructure provider closes $53M round

Bitcoin startup raises funds to monetize creator economy

NFT app Floor raises $8M

Euler receives major backing

“Web5” and decentralized identity attract VC interest

KYVE closes $9M raise ahead of mainnet launch

Atmos Labs targets Metaverse sports with seed raise