BRIEFINGS

Smith + Crown’s summary of important news across the industry

Aug 10, 2022
  • CreatorDAO raises $20M.
    Decentralized autonomous organization CreatorDAO raised $20M in a seed funding round led by Andreessen Horowitz and Initialized Capital. Entertainers such as Paris Hilton and The Chainsmokers participated in funding the DAO that invests in creators in exchange for a percentage of their future earnings.
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  • CleanSpark commits to $25.1M expansion.
    Las Vegas-based Bitcoin miner CleanSpark purchased a 36MW facility and 3,400 mining rigs in Georgia U.S. for $25.1M as the company continues to take advantage of the market downturn. The company previously expanded with the acquisition of 1,800 machines in June and another 1,000 operating in New York in July.
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Aug 03, 2022
  • Nomad Bridge exploited for $200M.
    Cross-chain messaging protocol Nomad has been exploited by attackers via spoofed transactions for an estimated $200M. This hack comes days after the company announced a $22.4M seed round at a $225M valuation led by Polygon.
  • Unstoppable Domains raises $65M.
    NFT domain provider Unstoppable Domains raised $65M in a Series A funding round at a $1B valuation, led by Pantera Capital. The funds will be allocated to reducing the friction of cryptoasset payments between applications and building out reputation-based reward programs.
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Jul 27, 2022
  • Hashflow raises $25M.
    Decentralized trading platform Hashflow raised $25M in a Series A funding round at a $400M valuation. The funds will be allocated to the company’s expansion into structured products and a request-for-quote platform scheduled to launch by Q4 2022.
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  • Chain acquires MDT ecosystem for $100M.
    Blockchain infrastructure provider Chain acquired the Measurable Data Token ecosystem for $100M and will merge the two token ecosystems, XCN and MDT. The deal also includes the cash-back application RewardMe and financial data protocol MeFi.
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Jul 20, 2022
  • 5ire raises $100M.
    Layer 1 network 5ire raised $100M in Series A funding from U.K.-based corporation Sram and Mram. The round values the company at $1.5B and follows a $21M raise last October co-led by Alphabit, Marshland Capital and Moonrock Capital.
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  • Polygon Chosen for Disney Accelerator Program.
    Ethereum L2 network Polygon is one of six companies selected by the media conglomerate to be a part of its program to develop AR, NFT, and AI experiences. The partnership is intended to expand Polygon’s Web3 infrastructure.
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Jul 13, 2022
  • Gnosis rebrands as Safe, raises $100M.
    Digital asset management platform Gnosis has rebranded as Safe. This week, the project raised $100M in a funding round led by 1kx and including participation from Coinbase Ventures, Tiger Global, Lightspeed and Digital Currency Group. The company has previously contributed to the development of DAO treasury infrastructure for projects including 1inch, Bitfinex, and Shopify.
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  • Animoca Brands raises $75M.
    Hong Kong-based Web3 gaming developer Animoca Brands raised $75M in a funding round closed this week. This raise was an extension of a funding round that began in January and which brought in a total of $359M at a $5.9B pre-money valuation. The firm previously raised $65 million at a $2.2 billion valuation last October.
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