The 10 Biggest Crypto Funding Deals of 2022

    Despite the unpredictable market, there were still some rare huge funding rounds in 2022.

    Yuga Labs – $450 million

    The company behind Bored Ape Yacht Club (BAYC) closed a $450 million funding round in March, led by Andreessen Horowitz. The valuation given to Yuga Labs at the time was $4 billion. 

    ConsenSys – $450 million

    In the last month of Q1, the market witnessed a huge funding deal from Ethereum and infrastructure builder ConsenSys. The parent company of the MetaMask wallet closed a $450 million Series D round, doubling the institution’s valuation to $7 billion. 

    Polygon – $450 million 

    Ethereum Scaling Solution Polygon successfully held a $450 million funding round, led by Sequoia Capital with the participation of many big names in the industry. As soon as this news was announced, MATIC price immediately skyrocketed. Polygon is considered a mystery factor of this year’s bear season. NFT activities on this blockchain have been growing dramatically after a series of big strides.

    Circle – $400 million 

    In April, Circle – the second biggest stablecoin issuer – announced a $400 million funding round with the participation of many traditional financial companies such as BlackRock and Fidelity. The company was aiming for a public merger through SPAC, for its IPO ambitions. However, the deal fell as earlier this month, partly due to regulatory issues with SEC.

    FTX US – $400 million 

    FTX US, the US branch of the bankrupt FTX exchange, raised $400 million for a Series A round in January, at a valuation of $8 billion. Most of the big companies that have poured capital into this organization are facing difficulties, such as Paradigm, Temasek and Multicoin Capital because of their association with FTX.

    FTX – $400 million 

    The valuation of FTX exchange has reached $32 billion after a funding round of $400 million in January. This valuation is on par with Germany’s Deutsche Boerse securities group, higher than Nasdaq stock exchange or social network Twitter at that time. Combined with the $400 million FTX US called, FTX was once worth up to $40 billion, increasing 10 times in just one year.

    Animoca Brands – $359 million

    Game/blockchain/NFT/metaverse developer and investor Animoca Brands received nearly $359 million in Series A funding in January, doubling the company’s valuation to $5 billion in just four months. The fund’s portfolio is mainly GameFi and NFT, with many notable names such as Axie Infinity, Dapper Labs, OpenSea, or The Sandbox – the field that once created a “craze” for the industry.

    NEAR Protocol – $350 million

    In April, the first layer-1 NEAR continued to receive $350 million in funding, after a $150 million funding round in January. At that time, NEAR has more than 300 applications and 200,000 global users.

    Amber Group – $300 million 

    In an effort to revive the foundation and compensate customers after the FTX disaster, Amber Group raised $300 million in Series C funding in mid-December. The well-known crypto trading and lending platform in Asia has also canceled its sponsorship contract with Chelsea FC and laid off hundreds of its employees as well as cut year-end bonuses.

    Mysten Labs – $300 million

    The last name on this list is Mysten Labs – the unit behind the Sui blockchain. Its $300 million Series B funding round has closed successfully, reaching a valuation of $2 billion.

    The debut product of Mysten Labs is considered a new generation layer-1 that competes directly with Ethereum. The platform was jointly founded by 4 former Meta engineers. They also worked on the Diem blockchain and the Move programming language, which were later canceled.

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