Fund Raising:
Wormhole, a cross-chain bridge on Solana, is planning to sell 750 million HOLE tokens(7.5% of the total supply) to institutional investors at a price of $0.25 per token to raise $187.5 million, the value of this round is at $2.5 billion. Wormhole was exploited 120,000 ether($325 million) by hacker in February and Jump Crypto decide at the first time to contribute 120k ETH to support the continue development of Wormhole, it can be seen that Wormwhole and Jump Crypto have deep cooperation and association.
Battlebound, a new web3 game studio whose team member are come from Teamfight Tactics, League of Legends, and Overwatch 2, raised $4.8 million in the seed round led by A16Z, followed by Play Ventures and CryptoKitties developer Dapper Labs. Angel investors who participated in the round included Yield Guild Games CEO Gabby Dizon, Dapper Labs CEO Roham Gharegozlou and a16z adviser Alex Price. Battlebound is currently developing two games. Evaverse is a metaverse game that’s open platform for other non-fungible token (NFT) communities to integrate playable avatars. The second game, Project A, is a next-gen creature collection game in which players can discover, battle and own assets. Information shows that the next Battlebound NFT collection will launch later this year.
Projects Brief:
Crypto Insight:
A Framework for Analyzing L1s by Jump Crypto
***The above are not investment advice, please do your own research. You also can follow us on Twitter, Telegram, Discord or subscribe the Newsletter here.