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• Andreessen served as a strategic investor in the USD$305M Series C round at a USD$2.6B valuation in Dapper Labs on March 30, 2021. The NFT darling is best known for having launched some of the most notable collections in circulation today, namely CryptoKitties and NBA Top Shot. Andreessen previously co-led Dapper’s USD$12.9M Series A round.

• Andreessen co-led a financing round in Solana Labs alongside Polychain Capital in the amount of USD$314,159,265 – a subtle nod to the Greek constant Π – in the form of a private token sale on June 9, 2021. The firm’s thesis was that the next wave of crypto innovation would occur at the application layer, including NFTs, and a high-performance blockchain such as Solana would be central to driving that innovation.

On Friday, the popular entrepreneur turned NFT enthusiast Gary Vaynerchukpurchasedan Ape, one of the rarest Punks in the collection, for roughly $3.7 million. Vaynerchuk has previously confirmed that he owns more than 50 Punks, and he’s not the only celebrity to have taken an interest in the technology: aside from the various stars who have released their own pieces,Jay-Zcaused a stir when he changed his Twitter avatar to Punk 6,095, suggesting that he’d bought the piece.Snoop Doggalso appears to be following the space closely.

Punk 2140 bought for 1,600 ETH ($3,764,576.17 USD) by 0xd6a984 from 0x497059.

NFT sales hit $1.2 billion in the first quarter, $1.3 billion in the second quarter, and a whopping $10.7 billion in the third quarter as games such as Axie Infinity took off.


Above: Alex Paley is CEO of Faraway.

Faraway’s market strategy and social-focused approach to crypto gaming was crafted by the cofounders, Alex Paley and Dennis Zdonov, and its chief technology officer, Duc Nguyen, all of whom have extensive leadership experience in free-to-play and midcore gaming. While they started the new company in June, Paley and Zdonov have worked together for a decade.

Working across major games like WWE Champions, The Walking Dead: Road to Survival, Looney Tunes: World of Mayhem and others gave them a solid foundation and understanding of social mechanics in gaming and set the course for the team’s browser-based approach into the crypto gaming space.

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Maecenas was built to democratize access to fine art, offering a decentralized gallery through which users can purchase shares of tokenized artwork from time-honoured artists such as Monet and Warhol.

Digital Currency Group

Founded in 2015, DCG has catapulted itself to the forefront of the crypto VC space through an aggressive and geographically-expansive investment approach. This strategy has ballooned DCG’s portfolio to 165 crypto startups spanning 30+ countries and 6 continents.

DCG claims to be supporting the largest portfolio of early-stage investments in the digital currency and blockchain ecosystems, and aims to support its portfolio companies on their over-arching mission to build a better financial system.

Some of the NFT activity in DCG’s portfolio includes:

• DCG participated in the USD$1.4M seed round of NFTBank.ai on April 19, 2021.

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— CryptoPunks Bot (@cryptopunksbot) July 30, 2021

An NFT is a non-fungible token, a type of unique asset that stores data such as sales history on a blockchain, usually Ethereum. Unlike other crypto assets like Bitcoin or Ethereum, NFTs are not interchangeable.
They can encompass digital art, music, memes, tweets, or any other type of content that can be tokenized, which led to a flurry of interest among artists, celebrities, and other popular figures at the height of the crypto bull run earlier this year.

The most widely publicized moment of the NFT movement came when the digital artist Beeple sold a piece for $69.34 million at Christie’s. In CryptoPunks’ case, they take the form of 24×24 pixel art images.

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In 2021, GameStop is the title that triggered a fever when the company’s shares have been invested by the compact investment neighborhood, triggering the worth to maximize quickly. This chain of merchants promoting game discs lately announced their choice to enter the market place blockchain.

GameStop will companion with the layer-two ImmutableX (IMX) resolution to create the NFT.

In addition, they will also get the job done with StarkWare to assistance technical concerns. This rumor has been circulating given that December 2021 and has now turn out to be genuine.

three/ Together, we will launch a $100M $IMX pool, which we intend to use for grants to creators of NFT articles and engineering, enabling creators to leverage all the added benefits the primary L2 Ethereum brings at @Immutable X.

The NFT platform provider also received investment from crypto gaming giant Animoca Brands and technology company Tencent. ParaFi Capital, Princeville Capital, Arrington Capital, Mirae Asset and Liberty Global also joined the round as new investors.

King River Capital, Prosus Ventures, AirTree Ventures, Declaration Partners, Fabric Ventures, Possible Ventures and Alameda Research all increased their existing investments in Immutable.

Sydney-based NFT startup will use the new fund to fuel global expansion, accelerate the company’s growth by investing in the Immutable X platform, and scale the Immutable Gaming Studio, including its flagship games Gods Unchained (one of the largest blockchain games by players) and Guild of Guardians.

Immutable leverages layer 2 liquidity solutions that bring scalability, affordability and power to the Ethereum NFT ecosystem.

Disclosure: At the time of writing, the author of this feature owned ETH, ETH2X-FLI, and several other cryptocurrencies.

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Our larger funds allow us to be more aggressive in backing the most innovative projects across multiple stages. We got our start backing projects in the earliest stage, generally seed or pre-seed, but thanks to our fund size, we’re able to partner with projects in later stages as well.
For many of our early investments, like Avalanche, Bybit, or Ribbon Finance, we’ve continued investing in and supporting entrepreneurs across multiple stages even after they become multi-billion dollar behemoths.

You published a brilliant essay in July about rollups and Ethereum scaling solutions – what is Dragonfly’s strategy to get exposure to Layer 2?

We are early investors in Matter Labs (the creators of Zk Sync), and we believe ultimately that ZK Rollups are going to be the long-term solution on L2 for scaling smart contracts.

With the number of opportunistic scams and rug-pulls in the industry slowly tapering off, what have begun to emerge are pain-soothing use cases and clear value propositions worthy of institutional VC backing. Cointelegraph’s 2020 Blockchain Venture Capital Report highlighted the stark shift in institutional perception and VC activity in the crypto space, noting that 82% of all investments in the crypto space up to 2020 were made with no VC involvement whereas that number fell to just 22% in 2020.

To examine the trend in VC funding for NFT companies, it would be reasonable to consider funding in the wider blockchain ecosystem as a close proxy; naturally, as investor interest in the protocol & infrastructure layers increases, interest in the application layer should follow suit.
The 10- year trend in annual blockchain private equity funding shows an all-too familiar pattern.

Pantera Capital

Considered to be among the blue-chip VCs in the crypto ecosystem, Pantera boasts the unique claim-to-fame of creating the first blockchain venture and hedge funds in the US with the firm’s 2013 Pantera Venture Fund I and Pantera Bitcoin Fund. The firm’s track record is difficult to match, having led 50% of 145 investments since inception and realizing USD$82M on USD$18M deployed into its portfolio companies.

Pantera has launched a series of venture funds since its first in 2013, with Pantera Venture Fund II in 2014 and Pantera Venture Fund III in 2018.

Pantera’s 3 venture funds have increased in size as the firm proved its investing acumen, with the first fund amounting to USD$12M and the third amounting to USD$175M. The firm’s vision for each fund also seemed to progressively increase in scope and ambition.







We are committed to providing the best staking returns to all our validators and nominators, but we are equally concerned about inflation and want to generate scarcity.

The Model of Dis-Inflation is proposed to implement this task, and staking reward will decrease with time, but rewards in the form of the transaction fees will be increased in that proposition.

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