This is a weekly feature that will look back at the week that was in crypto, blockchain and Web3 and offer insights and analysis. Check out last week鈥檚 here. To see more of our Web3 coverage, visit SA国际传媒鈥檚 Web3 Tracker鈥攁 new site looking at startups, investors and funding news concerning all aspects of Web3.
agreeing to settle charges for $1.26 million obviously was the biggest story in crypto and Web3 this week.
OK, it probably wasn’t, but it was a quiet week (and yes, she did because she endorsed EthereumMax without disclosing that she was paid to do so. Don’t feel bad, she is worth $1.8 billion.).
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However, since this is the first column of October, I thought maybe we鈥檇 take a look back at the biggest funding rounds around Web3 in September.
The sector saw 125 funding rounds (rounds that went to startups in the crypto, blockchain and Web3 space), with three of those topping $100 million, according to SA国际传媒 data.
The big three
Palo Alto, California-based closed a $300 million Series B last month at a more than $2 billion valuation led by . Layer 1 system startups build their own blockchain鈥攎eaning it will not sit on Ethereum or another network, but be its own decentralized network. Layer 1 players have seen big money and valuations recently, as fellow Palo Alto-based startup closed a $150 million Series A led by and at a $2 billion valuation in July.
Santa Monica, California-based sports metaverse company secured a $200 million investment commitment from . The startup is looking to build virtual sports cities based on real-world brands and professional athletes. Sports are big in the real world; we鈥檒l see how big they get in the metaverse.
The final nine-figure round last month went to Hong Kong-based blockchain gaming developer . The company snagged $110 million in funding as it starts to prepare for a possible initial public offering. , and were some of the big names taking part in the financing that held the company鈥檚 value at roughly $5.9 billion.
Those rounds pushed crypto and Web3 funding to its best month since June, with VC-backed startups raising nearly $1.6 billion in September, per SA国际传媒 data.
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