{"id":472327,"date":"2022-07-09T20:00:00","date_gmt":"2022-07-09T17:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/vc-roundup-web5-metaverse-sports-and-bitcoin-monetization-startups-generate-buzz\/"},"modified":"2022-07-09T20:00:00","modified_gmt":"2022-07-09T17:00:00","slug":"vc-roundup-web5-metaverse-sports-and-bitcoin-monetization-startups-generate-buzz","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/vc-roundup-web5-metaverse-sports-and-bitcoin-monetization-startups-generate-buzz\/","title":{"rendered":"# VC Roundup: \u2018Web5,\u2019 Metaverse sports and Bitcoin monetization startups generate buzz"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a284f25c1ae7\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a284f25c1ae7\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/vc-roundup-web5-metaverse-sports-and-bitcoin-monetization-startups-generate-buzz\/#%E2%80%9D_VC_Roundup_%E2%80%98Web5_Metaverse_sports_and_Bitcoin_monetization_startups_generate_buzz_%E2%80%9C\" >&#8221; VC Roundup: \u2018Web5,\u2019 Metaverse sports and Bitcoin monetization startups generate buzz &#8220;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/vc-roundup-web5-metaverse-sports-and-bitcoin-monetization-startups-generate-buzz\/#Digital_asset_infrastructure_provider_closes_53M_round\" >Digital asset infrastructure provider closes $53M round<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/vc-roundup-web5-metaverse-sports-and-bitcoin-monetization-startups-generate-buzz\/#Bitcoin_startup_raises_funds_to_monetize_creator_economy\" >Bitcoin startup raises funds to monetize creator economy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/vc-roundup-web5-metaverse-sports-and-bitcoin-monetization-startups-generate-buzz\/#NFT_app_Floor_raises_8M\" >NFT app Floor raises $8M<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/vc-roundup-web5-metaverse-sports-and-bitcoin-monetization-startups-generate-buzz\/#Euler_receives_major_backing\" >Euler receives major backing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/vc-roundup-web5-metaverse-sports-and-bitcoin-monetization-startups-generate-buzz\/#%E2%80%9CWeb5%E2%80%9D_and_decentralized_identity_attract_VC_interest\" >\u201cWeb5\u201d and decentralized identity attract VC interest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/vc-roundup-web5-metaverse-sports-and-bitcoin-monetization-startups-generate-buzz\/#KYVE_closes_9M_raise_ahead_of_mainnet_launch\" >KYVE closes $9M raise ahead of mainnet launch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/buradabiliyorum.com\/en\/vc-roundup-web5-metaverse-sports-and-bitcoin-monetization-startups-generate-buzz\/#Atmos_Labs_targets_Metaverse_sports_with_seed_raise\" >Atmos Labs targets Metaverse sports with seed raise<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_VC_Roundup_%E2%80%98Web5_Metaverse_sports_and_Bitcoin_monetization_startups_generate_buzz_%E2%80%9C\"><\/span>&#8221; VC Roundup: \u2018Web5,\u2019 Metaverse sports and Bitcoin monetization startups generate buzz &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvMmIyMzZhMzItMzEyNy00ZTk0LTlkZWYtM2Y2MWU4OWUyMDg0LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>A lot has h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ened 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\u2019s price plumbed new lows, falling below the previous cycle\u2019s peak for the first time in its history.\u00a0<\/p>\n<p>Despite macro headwinds inflicting pain on the crypto markets, venture capital firms are still investing in the industry\u2019s 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.<\/p>\n<p><iframe loading=\"lazy\" title=\"Interview with Scott Melker: MicroStrategy bought another 480 BTC \u2014 Should you buy, too?\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/Kqdf8hvvBjw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Digital_asset_infrastructure_provider_closes_53M_round\"><\/span>Digital asset infrastructure provider closes $53M round<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>PolySign\u2019s quest to bring institutional-level crypto custody solutions to investors has received backing from several venture capital firms. The firm recently raised $53 million in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">Series<\/a> C financing backed by Cowen Digital, Brevan Howard, GSR and more. In addition, the company secured a $25 million credit facility from venture firm Boathouse Capital. Although PolySign didn\u2019t specify how the funding will be allocated, the Series C was closed around the same time that the firm acquired digital asset fund administrator MG Stover. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Goldman Sachs downgrades Coinbase stock to \u2018sell\u2019<\/em><\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Bitcoin_startup_raises_funds_to_monetize_creator_economy\"><\/span>Bitcoin startup raises funds to monetize creator economy<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bitcoin and Lightning Network payments platform Mash raised $6 million in seed funding in June as part of its ongoing efforts to remonetize the internet for developers and content creators. The funding round was co-led by Nic Carter\u2019s Castle Island Ventures and Whitecap Venture Partners, with additional participation from Maple VC, Strategic Cyber Ventures, Aquanow and Spacecadet Ventures. The Mash platform allows developers and content creators to offer customers so-called \u201cpay-as-you-enjoy\u201d pricing options facilitated by BTC and Lightning Network.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"NFT_app_Floor_raises_8M\"><\/span>NFT app Floor raises $8M<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Nonfungible token application Floor has closed a Series A investment round valued at $8 million to advance its mission of making NFTs more accessible to mainstream users. The funding round was led by 6thMan Ventures, with additional participation from B Capital, Worklife Ventures, Collab+Currency, Crypto.com and others. Floor said it will use the funding to accelerate development and bring more utility to NFTs.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">New crypto projects often depend on Venture Capital firms to help them get off the ground. <\/p>\n<p>The real question is, are VCs in it for the community and fundamentals, or for their own benefit? <\/p>\n<p>(Via <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CointelegraphZN?ref_src=twsrc%5Etfw\">@CointelegraphZN<\/a>)<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/92Gjt4ZlRI\">https:\/\/t.co\/92Gjt4ZlRI<\/a><\/p>\n<p>\u2014 Cointelegraph (@Cointelegraph) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Cointelegraph\/status\/1545550821164781569?ref_src=twsrc%5Etfw\">July 8, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Euler_receives_major_backing\"><\/span>Euler receives major backing<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Non-custodial crypto protocol Euler has closed a $32 million funding round that was led by Haun Ventures and included participation from FTX Ventures, Coinbase Ventures, Jump Crypto, Jane Street, Uniswap Labs and others. The funding will be injected into the treasury of Euler\u2019s decentralized autonomous organization, or DAO, which is being rolled out in three phases. Euler is a decentralized finance protocol built on Ethereum that allows users to lend and borrow crypto assets. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E2%80%9CWeb5%E2%80%9D_and_decentralized_identity_attract_VC_interest\"><\/span>\u201cWeb5\u201d and decentralized identity attract VC interest<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Decentralized identity protocol Trinsic recently closed an $8.5 million seed round to continue building its so-called user-controlled identity products. A spokesperson for the company said Trinsic\u2019s products give real-world utility to Jack Dorsey\u2019s \u201cWeb5\u201d ambitions. A vocal critic of Web3, the former <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> CEO announced in June that he is bypassing the third iteration of the internet\u00a0in favor of \u201cWeb5\u201d, a new Bitcoin-centric model for identity management. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>VC Roundup: The rise of blockchain gaming, DAO management and asset tokenization<\/em><\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"KYVE_closes_9M_raise_ahead_of_mainnet_launch\"><\/span>KYVE closes $9M raise ahead of mainnet launch<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Web3 archiving protocol KYVE has raised $9 million in funding ahead of a planned mainnet launch slated for the fourth quarter of 2022. The funding round, which had participation from Distributed Global, Wicklow Capital, IOSG Ventures, Blockchain Coinvestors, Huobi Incurabor and others, will be used to integrate more ecosystems into KYVE\u2019s so-called decentralized data lake. Several blockchains currently use KYVE, including Avalanche, Zilliqa, Cosmos and Polkadot. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Nobody thought that 2022 would bring this.<\/p>\n<p>Check out the latest moves in the world of crypto and business in our Crypto Biz. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/gEIx0PTxXq\">https:\/\/t.co\/gEIx0PTxXq<\/a><\/p>\n<p>\u2014 Cointelegraph (@Cointelegraph) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Cointelegraph\/status\/1543331176840142849?ref_src=twsrc%5Etfw\">July 2, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Atmos_Labs_targets_Metaverse_sports_with_seed_raise\"><\/span>Atmos Labs targets Metaverse sports with seed raise<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Play-to-earn developer Atmos Labs has closed an $11 million seed round to continue building Metaverse-focused sports <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>s. The investment round was led by NFT-focused venture firm Sfermion, with additional participation from Animoca Brands, Collab+Currency, FBG Capital, CoinGecko Ventures and several others. Atmos Labs is looking to bring e-sports to a global audience by creating immersive gameplay in the Metaverse.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/vc-roundup-web5-metaverse-sports-and-bitcoin-monetization-startups-generate-buzz\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; VC Roundup: \u2018Web5,\u2019 Metaverse sports and Bitcoin monetization startups generate buzz &#8220; 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&#8230;<\/p>\n","protected":false},"author":1,"featured_media":472328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvMmIyMzZhMzItMzEyNy00ZTk0LTlkZWYtM2Y2MWU4OWUyMDg0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75719,74889,93542,117,70917,71745],"class_list":["post-472327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-funding","tag-payments","tag-web3","tag-business","tag-startups","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/472327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=472327"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/472327\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/472328"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=472327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=472327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=472327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}