Cryptogics’ Post

We're excited to have peaq as anchor LP for our $100mn #DePIN Fund III While #memecoins have to face off with a bunch of dogs, hamsters, and frogs (some even wif hats), #DePINs often compete with the likes of Google Maps, Uber, and other Big Tech household names. Their ambitious goal is to bring Web3's scalability and values to the real world, solving real-world problems at a rapid pace. While the #DePIN model offers a unique advantage, early-stage investment is crucial to ignite their growth. This is our third #DePIN-focused fund with the previous two set up in 2021, its anchor investors including Jump Crypto, Telefónica, and OKX that have invested in over 35 industry-leading projects, including Helium, Render Network Foundation, GEODNET, NATIX Network, DIMO, XNET ⓧ, and Wingbits. More here: https://lnkd.in/dZRNBdTt

📢 What Web3 Ecosystem Leaders Say About Syndika 📢 A big thank you to our partner, Yellow Capital, a leading venture capital and crypto market making firm dedicated to supporting crypto projects, for backing Syndika’s mission to build the next-gen #Web3 ecosystem. We’ll share more about our collaboration soon. 👇 In the meantime, see what Camille Meulien, CEO of Yellow Capital, has to say about our synergy!

Avail raises $27m, led by Founders Fund and Dragonfly to accelerate the unification of web3! With this, we’ll build the Avail trinity - a three-phase roadmap aimed at unifying multiple ecosystems in web3. Consisting: 1. Avail DA - The foundational base DA layer providing abundant blobspace for rollups to form a thriving ecosystem. 2. Avail Nexus - The unification layer for rollups on any system, it will use Avail DA as the root of trust for coordination across the web3 ecosystem. 3. Avail Fusion Security - An additive security layer for a growing and connected ecosystem of rollups and blockchains secured by native tokens of mature ecosystems like BTC, ETH, and others. We’d like to thank our other investors SevenX Ventures, Nomad Capital, and Figment Capital along with our angel investors. Read more here - https://lnkd.in/gHQzjKQU

Anzen Finance offers the USDz stablecoin that is pegged to real-world private credit assets. USDz is used to collateralise the assets on-chain by staking it across DeFi protocols. #ASSETTOKENISATION NEWS TODAY: Anzen said it plans to use the capital to expand USDz support across blockchains and protocols. Anzen Finance has secured a $4 million seed round from Mechanism Capital, Circle Ventures, Frax, Arca, Infinity Ventures, Cherubic Ventures, Palm Drive Ventures, M31 Capital, Kraynos Capital and others. Archax Integrates Fireblocks To Expand Its Digital Asset Custody Service - Archax Also Using Fireblocks Network, Which Has Secured Over $6 Trillion In Digital Assets Follow Catena.MBA for more #content, #courses and #consulting (links to articles in comments).

Sharing our 3rd investment for this year in Term Labs, Inc. backed by Coinbase, Circle, Maelstrom Fund (led by Arthur Hayes), Robot Ventures and Electric Capital. Term Finance has the potential to bridge traditional money market funds that are concerned about volatility in DeFi by offering stable rates for participation. Frens Syndicate x VC DAO consisting of 350+ founders, builders, and executives from the upper echelons of Web3, who share the same ethos as above, eagerly anticipates supporting Dion Chu and his team with our strategic resources. FYI : The median loan size on the platform is about $130K with over $85 Million in TVL. (Defilama link in the comments) If you are an Institution/ Whale looking for lending protocols, look no further! #web3 #vcfunding #defi #lending #moneymarket

Marc Andreessen from Andreessen Horowitz (A16z) underscores the firm's rigorous approach to crypto investments, aligning them with traditional venture capital standards. He emphasizes that despite the swifter dynamics of token fundraising compared to equity, the thoroughness in evaluation remains paramount. In this ecosystem, Synaps Hub emerges as a powerful tool. It enhances the due diligence process by providing a platform where projects can transparently share critical information with venture capitalists. Synaps Hub not only simplifies the communication of key data but also ensures that VCs can make well-informed decisions with the same rigor as they would in traditional settings. To learn more : https://lnkd.in/gBiZ7AY5

Looking forward to the Mento Labs team executing on these: Mento Labs has raised $10M in funding from leading investors. Mento’s stablecoin roadmap includes an expanding portfolio of decentralized local currencies across three regions, with more coming soon: cKES (Kenya): Since launching in May, the Celo Kenya Shilling decentralized stablecoin has been integrated by key partners in Kenya including Pretium, Swypt, Valora, Hurupay, Fonbnk, Payd, Kotani Pay, Haraka, Paychant, and Clixpesa. In a community credit pilot program in Kawangware, Kenya, over 1M cKES have been disbursed to 114 micro-entrepreneurs. PUSO (Philippines): The first decentralized local currency stablecoin in Asia tracks the value of the Philippine Peso (PHP) and was announced in September. The PUSO aims to boost blockchain adoption and financial access in the Philippines, which has the 8th highest crypto adoption rate globally according to Chainalysis’ 2024 Global Crypto Adoption Index. cCOP (Colombia): The Celo Colombian Peso, which aims to launch on Mento in partnership with the Celo Colombia DAO, will target the country’s $70B in monthly crypto transactions and 600+ outlets accepting digital asset payments in Colombia. cGHS (Ghana): Together with Celo Africa DAO, Haraka and Grameen Foundation, the Celo Ghanaian Cedi will be launched on Mento in Q4 to support micro-lending and other local currency use cases.

List of Web3 VC Firms Discover 31 Web3 VC Firms across the most popular web3 ecosystems with Alchemy's Dapp Store. Also explore related collections including Venture DAOs, Custody Solutions, Token Management Tools.  Use the link below https://lnkd.in/gB-qpvGa

Deal flows remain steady this week, we saw $90M+ in deals 💼 Avail raised $27M in a seed round led by Peter Thiel's Founders Fund and Dragonfly Capital, with additional participation from SevenX, Figment, Nomad Capital, and others. Avail will use the fund to build Avail Trinity, a three-phase roadmap aimed at unifying multiple ecosystems in web3: (1) Avail DA: the core layer offering extensive storage for rollups to create a robust ecosystem. (2) Avail Nexus: A unifying layer for rollups across systems, anchored in Avail DA for cross-web3 coordination. (3) Avail Fusion Security: Enhances security across rollups and blockchains, leveraging tokens from established ecosystems like BTC and ETH. #venturecapital #web3 #rollups

Excited to support Nick van Eck, Drake Evans & team in their pursuit to build the global dollar ledger. As VCs, we at Kraken Ventures love big bold ideas. Building the global dollar ledger is definitely out there! It's hard to deny the massive opportunity that exists in financial assets coming on-chain, but stablecoins are Lindy and we had trouble believing a someone could challenge the dominance of Circle & Tether.to with an institutional-grade and compliance-first approach. That is, until we met the Agora team. We got very excited by a combination of elements: (1) 🪓 Clear product wedge: their stablecoin AUSD will be institutional-grade & compliance-first, and focus on open partnerships across the ecosystem instead of the rent-seeking and closed-partner models of today (2) ⏬ Matching go-to-market strategy: top-down, institutional-focused & partner-based (3) 🤝 The perfect founding team: a marriage of Wall Street and Defi to get the right network of partners together and cold-start this open partnership model It’s a privilege to be part of this journey, and be investing with friends in the industry Dragonfly, General Catalyst, Hack VC, Breed & more. Let’s go! 🚀