a16z has its own topic since its establishment. It is like a fierce dark horse. With its bold and avant-garde style, eclectic investment philosophy and brilliant achievements in investment history, it has successfully jumped into Silicon Valley in the past decade. A legend in the investment industry, he has invested in many well-known projects such as Twitter and Facebook.
After that, a16z entered the crypto world. When the vast majority of people regarded BTC as a “Ponzi scheme” on social platforms, a16z led the $25 million Series B financing of Coinbase, a company with only eight people at the time. In the next seven years, a16z invested in Coinbase 8 times, and finally became the biggest external winner after Coinbase went public, and has now become the vane of cryptocurrency investment.
Metaverse Lab summarizes the blockchain projects that a16z has invested in but have not yet launched. Wealth passwords may be among them. Let’s see how VCs are laid out!
League of Kingdoms
League of kingdoms is a blockchain-based full-featured MMO strategy (SLG) game. In Genesis Continent, all the land is NFT, owned by users. Players can own, compete and earn rewards by developing their kingdoms.
On December 17, 2021, MMORTS chain game League of Kingdoms Arena (LOKA) announced the completion of a seed round of $3 million. This round of financing was led by Hashed, Andreessen Horowitz (a16z Crypto), Binance Labs, Sequoia Capital India (Sequoia Capital India) Capital India), BlockTower Capital and strategic investors Sky Vision Capital, Yield Guild Games (YGG), DeSpread participated in the investment. The new funding will be used to build infrastructure for player-owned governance, enhancing the Play-to-Earn economy in the League of Kingdoms universe, while accelerating the growth of the global community.
Sound.xyz is a new startup that aims to help recording artists monetize their communities through NFTs, as the startup looks to build a suite of tools designed to bring musicians into the so-called “web3” fold. The startup’s first product released earlier this month, Listening Party, enables artists to sell NFTs marked for new song releases.
On December 15, 2021, NFT music startup Sound.xyz raised $5 million in seed funding, led by a16z, with participation from Variant Fund, Atelier Ventures, a handful of crypto angel investors and artists such as Holly Herndon, 21 Savage and DJ Drama . It is reported that Sound Studio is an NFT music startup that allows artists to create original high-quality song NFTs while retaining the true ownership and provenance of their works.
Royal is a blockchain startup trying to bring about that change. Launched this summer by Justin Blau (better known by his stage name DJ 3lau), Royal helps artists create and sell NFTs, but also offers a new business model where fans can invest in an artist’s work and receive royalties in return .
On November 22, 2021, according to Decrypt, the NFT music platform Royal announced that it has completed a $55 million financing on the basis of the $16 million seed round completed in August. A16z, Coinbase Ventures and Paradigm, The Chainsmokers, Nas , Logic&Kygo, etc. participated in the investment.
Founded in May 2021, Mem is building a decentralized social media protocol centered on data sovereignty — the gateway to the next evolution of the web. Built on Substrate with EVM compatibility, Mem uses social tokens and smart contracts to power open protocols for applications and communities.
On November 19, 2021, Mem Protocol, a decentralized social media protocol, completed a $3.1 million financing, led by a16z, and participated by former Coinbase CTO Balaji Srinivasan, Polychain’s Olaf Carlson-Wee, Charlie Songhurst, Jude Gomila, Charlie Cheever, etc. cast. Mem is currently in Alpha testing and is scheduled to launch in early 2022.
Nym Technologies is an open-source, decentralized infrastructure designed to evade mass surveillance by virtual private networks (VPNs) or typical third-party privacy services offered on the Tor network by leveraging hybrid network protocols to mask individuals’ metadata footprints Rapid impact on the network.
On November 17, 2021, according to Forbes, Web3 privacy infrastructure Nym completed a $13 million Series A financing at a valuation of $270 million, led by a16z, with participation from DCG and Tayssir Capital. It is reported that Nym uses blockchain to decentralize its mixnet. Nodes in the network can obtain Token rewards by providing traffic. Nodes may also inject obfuscated traffic packets when needed, making it difficult for others to parse them. information.
Kosen Labs hopes to bring AI to the Web3 space and will focus on providing solutions for active liquidity for the next generation of automated market makers such as Uniswap V3 and Sushiswap Trident. In addition, Kosen Labs will form the Kosen Foundation and will issue the DAO governance token. Kosen Labs will provide effective LP strategies and AI solutions as part of the foundation.
On November 17, 2021, Kosen Labs, a decentralized AI liquidity strategy development team project established by former Google DeepMind AI researchers Miljan Martic and Peter Toth, announced the completion of a $5 million seed round led by a16z, Framework Ventures Wait for participation.
Irreverent Labs, a newly funded blockchain gaming startup founded by entrepreneur and former Microsoft Ventures executive Rahul Sood, aims to disrupt the gaming paradigm and create a player-centric, monetized game that is widely available, AI characters live on the blockchain as NFTs.
On November 16, 2021, Irreverent Labs, an NFT game founded by former Microsoft executive Rahul Sood, completed a $5 million seed round. Andreessen Horowitz (a16z) led the investment, Chainsmokers Mantis VC, a venture fund led by the music band Chainsmokers, and Seattle-based company Unlock Venture Partners, Keen Crypto, a new crypto-focused fund founded by technologist Andy Sack, and Advancit Capital of MasterClass, Headspace and The Athletic. Irreverent Labs plans to launch its first NFT game with AI characters in January 2022. The characters in the game can be machine-learned through artificial intelligence, and can also be traded as NFTs, and users can earn currency through the game. Rahul Sood said Irreverent Labs has a team of about 16 people, including other former Microsoft executives. Sood founded esports betting company Unikrn in 2014 before being acquired by British bookmaker Ladbrokes for an undisclosed sum.
Matter Labs is a pioneer in Ethereum zero-knowledge proof technology. The company launched the first public ZK rollup prototype in early 2019, pioneered recursive ZK proofs on Ethereum, and in 2020 created the world’s first practical FPGA-based ZKP acceleration hardware. Matter Labs recently launched a zkEVM testnet, making zkSync the first ZK rollup capable of executing native Ethereum smart contracts.
On November 8, 2021, Matter Labs, the development company behind the Ethereum expansion scheme zkSync, announced the completion of a $50 million financing round. This round of financing was led by a16z, Placeholder, Dragonfly, 1kx, Blockchain.com, Crypto.com, Consensys, ByBit, OKEx, Alchemy, Covalent, etc. participated in the investment. Angel investors include AAVE founder Stani Kulechov and others. Funds from this round will be used to expand Matter Labs’ R&D and engineering teams and fund its business growth.
Core Loop Games is dedicated to building the next generation of MMOs. Gameplay and social cooperation are at the heart of its mission. They want to reimagine how players can cooperate at scale. The company was founded by veterans of MachineZone, GREE and Funzio. It is backed by VCs and has built a remote team of engineers and artists.
On November 5, 2021, according to venturebeat, game studio Core Loop completed a $12 million financing round, led by a16z, with participation from Galaxy Digital, Initial Capital, Dune Ventures, 1up Ventures, and Sisu Game Ventures. The company was founded last year by mobile game veterans Vincenzo Alagna and Dan Chao. The funds will be used to develop sandbox massively multiplayer online games using blockchain technology.
Miami-based Faraway, a new game studio using blockchain technology to unlock a player-driven and decentralized gaming economy, will launch its flagship browser-based game Mini Royale: Nations.
On November 4, 2021, game studio Faraway completed a $21 million financing, led by FTX, with participation from a16z, Solana, Jump Capital, Sequoia Capital and Pantera Capital.
Received Forbes 2019 Disruptive Technology Companies to Watch and Fast Company 2021 World-Changing Ideas, Mythical Games is a next-generation gaming technology company creating a universal gaming ecosystem by leveraging blockchain technology and playable NFTs as tools , enabling players, creators, artists, brands and game developers to become stakeholders and owners of the new game earning game economy. The games developed are Blankos Block Party.
On November 4, 2021, according to Decrypt, gaming startup Mythical Games completed a $150 million Series C round at a valuation of $1.25 billion, led by a16z, FTX, Binance, D1 Capital, RedBird Capital and The Raine Group, U.S. National The NFL investment arm 32 Equity, OneTeam Partners, Michael Jordan, The Kraft Group, Michael Gordon of the Boston Red Sox, Mantis VC and others participated. The company is preparing its Mythical platform to help other developers enter the growing crypto gaming space. The Mythical Platform runs on the EOSIO blockchain platform, which is compatible with the Ethereum Virtual Machine (EVM).
Alchemy is the world’s leading blockchain development platform, providing over $45B in transactions for tens of millions of users worldwide. The company is backed by a16z, Coatue, Addition, DFJ Growth, Stanford University, Coinbase, Pantera Capital, Google Chairman Charles Schwab, and founders and executives from Linkedin, Citi, Yahoo, NYSE, and more.
On October 28, 2021, according to CoinDesk, the encryption infrastructure service provider Alchemy completed a $250 million financing at a valuation of $3.5 billion. This round of financing was led by a16z. Other specific financing information has not been disclosed. It is reported that Alchemy is an encryption infrastructure service provider that can provide encryption infrastructure support for NFT, DeFi and other projects. It had previously announced on April 28 that it had completed a $80 million Series B financing at a valuation of $505 million, with participation from Pantera Capital and Coinbase.
An NFT studio whose mission is to empower, educate and entertain the next generation of collectors. Currently developing Cryptoys, a blockchain-based interactive world of toys, games and entertainment.
On October 25, 2021, according to CoinDesk, NFT toy company OnChain Studios completed a $7.5 million seed round, led by A16z, with participation from Draper & Associates, CoinFund, Sound Ventures, Collab + Currency, and WndrCo. This round of financing will be used to develop Cryptoys, an NFT platform that combines digital toys and games, which are interactive digital toys that consumers can buy, play, collect and sell. They will be launched on the Flow chain soon.
India’s largest crypto company CoinSwitch Kuber has added new crypto assets for investors and traders in India. These new crypto assets include MANA, SAND, GALA, REQ and COTI. CoinSwitch Kuber has also launched several educational programs so that investors can learn about these new crypto assets so they can make informed decisions.
On October 6, 2021, the Indian crypto exchange CoinSwitch Kuber completed a $260 million Series C financing at a valuation of $1.9 billion, led by Andreessen Horowitz (a16z) and Coinbase Ventures, and existing investors Tiger Global and Red Sequoia Capital India participated in the investment, which is a16z’s first investment in India.
Sky Mavis, creator of the popular NFT-based game Axie Infinity, invented the Play To Earn (P2E) concept to allow people to play, live, work and earn money in a virtual world. NFT-based P2E games are decentralized, meaning players own the in-game assets they purchase and can generate real-world rewards for their in-game activities.
On October 5, 2021, the well-known game Axie Infinity developer Sky Mavis completed a $152 million Series B financing at a valuation of about $3 billion. This round of financing was led by a16z, with participation from Paradigm and Accel.According to Axie Infinity Lianchuang, Axie Infinity is expected to generate 1 billion US dollars in revenue this year, and Sky Mavis will receive 17% of the revenue. As previously reported, Sky Mavis announced in May this year that it had completed a $7.5 million Series A financing. This round of financing was led by Libertus Capital, with participation from Collab+Currency, Block Tower CapitaL and billionaire Mark Cuban.
Forta is the first smart contract decentralized runtime security protocol incubated by OpenZeppelin. Protocols, DAOs, investors and individuals can use Forta to monitor transaction activity and receive alerts on security, financial, operational and governance related events on Layer 1, Layer 2 and sidechains.
On October 1, 2021, Forta Protocol, a decentralized security protocol, announced the completion of $23 million in financing, led by a16z, followed by Coinbase Ventures, True Ventures, OpenZeppelin and Blockchain Capital. It is reported that Forta Protocol provides security services for smart contracts. At the core of Forta Protocol is a proxy development community, with members looking for risks including networking, finance, operations, and governance on Layer 1, Layer 2, and even sidechains.
Aleo is the first platform for completely private applications. Aleo uses blockchain and zero-knowledge cryptography to deliver the new web experience it deserves: both personal and private. Using Aleo, developers can write private applications even if they are not experts in blockchain or cryptography.
On April 20, 2021, according to Coindesk, Aleo, a zero-knowledge private application platform, announced that it has received $28 million in financing, led by A16Z, Placeholder, Coinbase Ventures, Galaxy Digital, Polychain Capital, Scalar Capital, Slow Ventures, Variant Capital, Balaji Srinivasan and Ethereal Ventures, etc. participated in the investment. With Aleo, users can access a world of truly personalized web services without relinquishing control over their private data. It is reported that A16Z has invested in several projects in the privacy field, including Oasis Labs, Keep and Orchid.
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/summary-of-a16z-investment-projects-not-online/
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