Where VCs Invested in August?

Although we are in an uncertain time for investing in cryptocurrencies, VCs are investing in projects that have the potential to succeed in the future. Here are some projects on which big investors are betting.

In a time of uncertainty for cryptocurrency investing, it’s good to look at where the big investors are investing. Projects with large investors’ support have a high chance of growth when the bear becomes a bull market. We bring you a list of where VCs invested in August, and we selected some projects among them and describe them.

Twitter user Covduk shared the list of VCs investments.

VCs have been sitting on Billions, investing in the next generation of web3

Keeping up with their investments can help you spot the next Hot Space

Here are projects that the top investors are betting

(Including a database of recent raises & investments) 🧵 pic.twitter.com/UUEvusGZ2H

— Covduk (@Cov_duk) August 19, 2022

In the table below you can see the list of projects, VCs invested in August. Also, you can see the number of investments and the names of VCs.

Gunzilla Games

The new funding will enable the company to build out its new GunZ platform, which gives users total control over their in-game possessions.

GunZ will serve as the basis for “Off The Grid,” a AAA Battle Royale 2.0 third-person shooter. It is the studio’s first game to include “in-game item trade,” which it describes as one of the game’s standout mechanics.

In OTG, users will be able to purchase new in-game items from other players who have collected them or acquired them from each other. Trading will occur through a blockchain-based internal marketplace or any third-party marketplace that supports NFT technology.

CreatorDAO

CreatorDAO is a decentralized autonomous organization (DAO) dedicated to accelerating artists’ careers and empowering them via shared access to funds, technology, and community. It also provides mentorship, professional tools to help artists expand their businesses, and a community invested in each other’s success.

Satellite IM

Satellite IM is the first Web3 communications platform that includes private messaging. It is designed as an EVM-compatible developing protocol for easy sovereign storage and peer-to-peer communication that takes advantage of the interplanetary filesystem (IPFS). The platform enables users to sign, encrypt, broadcast, search, and save documents or communications using decentralized identifiers (DIDs). Furthermore, it eliminates the need for a wallet or on-chain data.

Pinata

Pinata provides media infrastructure for all blockchains’ marketplaces, metaverses, web3 applications, and NFT projects. The funds will be used to continue investing in its technical infrastructure and to grow its team.

Pinata offers a suite of tools for managing and serving content, including super-fast uploading, streaming, and sharing via 200 server locations worldwide. Furthermore, it allows creators to develop across any blockchain.

Luxon

LUXON is a new blockchain gaming platform created to help and accelerate the Web3 transition of conventional games for players and game creators. It is an ecosystem that includes the LUXON Marketplace, LUXON Store, and LUXON Games. Users may purchase or exchange NFT game products created by the user’s game activities using LXN tokens, a key currency in the LUXON ecosystem.

LUXON aims to expand its ecosystem and community by releasing high-quality blockchain games with a sustainable ecosystem and tokenomics. It also creates wonderful Game-Fi and Web3 experiences for players.

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