πŸ¦„Web3 Startups and VCs
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Learn about best Web3 and crypto startups and venture capital deals. Startup reviews, fundraising tips, crypto market insights & data for Web3 enthusiasts and professionals on https://innmind.com/
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InnMind is going to release a new product to give even more value for users!

The new product - Tokenomics Calculator - is to be released on InnMind next month. And its early version will be available exclusively only for premium InnMind members!

βœ”οΈSince you have a premium subscription, you’ll get the full FREE access to test it, use it, give your feedback for improvements and moreover: special private workshops with tokenomics experts to ask your questions and get advice on your token economy!

⏩ Create an account for free here!

Unfortunately, the majority of startup founders lack in-depth understanding of the token economy mechanics. That is why we designed the new tool that will help the founders to understand it better, calculate the metrics and experiment with modelling the best token economy that will lead them to success!
πŸ”₯4πŸ‘2
Meet a new DeFi project in our InnMind network πŸ˜ƒ

πŸš€ Emirouter - a protocol that helps users transfer their liquidity between various blockchains in a couple of taps yielding from positive slippage.

The protocol with SDK aggregates various bridges and DEXes seasoned by EmiRouter's proprietary oracle and arbitrage algorithms helping users find the best routes for their swaps. In other words, the protocol helps users to transform, for example, their 100$ on the source chain to 102$ on the destination chain.

Achievements:
πŸ”ΈThe team has a vast experience in blockchain space;
πŸ”ΈThe company is running CEX with a daily volume of 20M$+ and a multi-chain DEX with TVL 580K$;
πŸ”ΈIn Q2 2022, the company grew and have 13 employees.

Learn more about Emirouter πŸ‘‡
Emirouter profile | Emotier pitching

πŸ–Œ Feel free to contact InnMind Investment Analyst, Marc ( @NasrMarc ) to request the intro with startup founders.
​​Highlights from 2022 Q1 GameFi Report by DeGame by L2Y X Footprint Analytics

GameFi Market Performance Overall

🧠Trading volume: $6.322B, of which Harmony 48.58%, Ronin 26.85%, BSC 14.25%

🧠 Total number of players: maintained at 1.2M

🧠 Number of new games: 242, the largest number of games on ETH

🧠 Player distribution: The top three chains with the most players are WAX (28.83%), Hive (28.55%), and BSC (13.4%)

🧠 Distribution of transaction volume: the top three chains with the most players are WAX (77.7%), Hive (11.99%), and BSC (2.01%), and the distribution of each chain is obviously different

🧠 GameFi funding increased 194.19% year-over-year and decreased 40.78% season-over-season.

🧠 Independent games got the most rounds, followed by game platforms (i.e. guilds) that were funded, mainly in the seed round;

🧠 Polygon Technology is the chain with the highest number of independent game projects with fundraising and the highest amount of fundraising;

🧠 Animoca Brands was the most active investment institution this quarter

Top 4 blockchains by funding amount:
β—‹ Polygon Technology: $71.4 million
β—‹ Solana Labs: $43.6 million
β—‹ Ethereum: $34.5 million
β—‹ Binance: $16.3 million

● Animoca Brands: 27 investments, 18 lead investments β—‹ Animoca received the most significant funding of the quarter in the sector at $358 million
● Binance Labs: 6 investments, 5 lead investments
● Andreessen Horowitz: 3 investments, all lead investments
● OKX, Coinbase Ventures, Paradigm Capital, Three Arrows Capital Pte Ltd all made investments, all with follow-on investments
​​InnMind CEO and founder Nelli Orlova spoke at "Bear market survival guide" event.

Highlights in short:

πŸ’‘ yes, the number and intensity of VC deals dropped significantly (if previously the active funds in this sector were signing 2-3 funding deals per week and even more, now it is 2-3 per month);

πŸ’‘BUT! good long-term VCs continue investing and actively looking for strong startups with great teams. VC activity didn't freeze completely.

πŸ’‘ In terms of fundraising: valuations will go down, due-diligence process will take longer, investors are more picky than ever. So founders are recommended to focus of execution and traction as a first priority before approaching VCs. No more "funding on a pitch deck stage".

πŸ’‘ CASH IS THE KING. Founders should cut off expenses and work on their runaway to ensure they can survive for the next 6-9 months.

πŸ’‘ Salaries in crypto will adapt and get closer to "traditional" markets.

πŸ’‘ Web3 infrastructure projects, protocols, layer 2s, DeFi remain in the top priority of investors. Also, dApps with wider target audience, that have potential for mass adoption. And Yushan Zheng for example believes that projects built on Bitcoin can be the next big trend.

Let’s speak on this topics. Please, share your thoughts in the comments πŸ˜‰
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GameFi, NFT & Metaverse Pitching Session

Next week InnMind organize Online VC pitching session that will be held on the 29th of June at 17:00 CEST.

Criteria for startups:
🎯 Focus: GameFi / NFT/ Metaverse / Blockchain Entertainment
🎯 Stage: Seed/Pre-Seed/Round A
🎯 Geography: Worldwide

We have already confirmed investors from Lucid Blue Ventures, 7 O'clock Capital, Ascensive Assets, Konvoy Ventures and VU Venture.

πŸ‘ Already confirmed startups: MUSURE world & StraightFire.

⏩ Apply to present your project here.

Feel free to share this news with your network to see more interesting and ambitious projects! πŸ˜‰

πŸ–Œ (Contact InnMind Investment Analyst Abdul in Telegram (@Notanotherabdul) to join this session or to find new investment opportunities for you)
Let's look closer to one of participants of previous Online Pitching Session.

πŸš€ MetaVoice AI is web3 app that allows you to change your voice in real-time to another one using Artificial Intelligence algorithms as well as add a secure signature to your voice and verify it.

The app will integrate VoiceStore - a library of voice models, that gives you a unique identity in the Metaverse as well as in the real world.

MetaVoice also have dozens of other use cases except Metaverse:
βœ”οΈ dubbing (in movies and games);
βœ”οΈ movie production;
βœ”οΈ resurrecting famous voices;
βœ”οΈ audiobooks;
βœ”οΈ call center;
βœ”οΈ entertainment;
βœ”οΈ anonymization and etc.

Learn more about MetaVoice here πŸ‘‡
MetaVoice AI profile | MetaVoice pitching | MetaVoice demonstration | MetaVoice website

πŸ“Œ Request other project details and intro with MetaVoice founders through our Investment Analyst Marc in Telegram (@NasrMarc).
Highlights of InnMind Web3 Investment Trend report:

βœ”οΈThe market value for Web3 is projected at over $8bn by 2030, growing from $1.23bn in 2020 - a rate of 45.20% (CAGR);

βœ”οΈIn 2021, venture capitalists allocated to cryptocurrency and blockchain startups at the fastest pace ever, logging more than 2,000 total deals worth over $33bn, which is more than double the results in 2020 and surpassing the all-time high for venture capital crypto deals in 2018;

βœ”οΈ86.7% of VCs surveyed typically invest in rounds below $500,000.

πŸ‘‰InnMind surveyed 97 Venture Capital Firms investing in Web3 and crypto startups and elaborated a report where you'll find all this information and many more!

⏩ Access the report here βͺ
πŸ‘‰Run and Earn: Meet the Most Promising P2E Release of the Season. Metarun is a startup from the InnMind community that raised $4 million in private funding rounds!

πŸ“Œhttps://bit.ly/3OfmBFN

βœ”οΈAbout Metarun

First P2E endless mobile runner game with NFT assets. Built on UE5, empowered by the BNB chain.

Built on Unreal Engine 5, Metarun’s stunning graphics and storyline bring together the best of the traditional gaming experience and blend it seamlessly with state-of-the-art crypto technology. The game's internal economic system runs on its native token $MRUN and the virtual currency OPAL and allows users to play to earn, and purchase in-game items and characters skins as NFTs via the native cross-chain marketplace.
Company Culture... Usually, people think it is something from the corporate world, not applicable to startups.

What's the sense to have a company culture when you just start your business journey? 😐

But InnMind co-founder Nelly Orlova has something to tell about it.

"...the ongoing recession and shockwaves on crypto and traditional markets forced many startups to let go of huge part of employees in order to preserve cash flow. And this made me think of a Company Culture these days.

Company Culture is not a polished text on your "about" page, and not an inspiring motto on team calls.

It is about RELATIONSHIPS:
πŸ”Έ How the founders (management team) treat their team (whole cycle from the hiring & onboarding till their last days in the company);
πŸ”Έ How the team members treat each other;
πŸ”Έ How employees feel about the management;
πŸ”Έ How everyone in the company treats the customers, users and external partners;
πŸ”Έ How each person inside the team perceives the company role in their life and their role for the company’s future;
πŸ”Έ How the management behaves in crisis times and how it influences all the above…

It’s not something you think about a lot in the early stage startup, and of course, you don’t formalise it before achieving some milestones. But Company Culture exists organically in every startup and reflects each aspect of relationships listed above. And depends a lot on the founders’ personas, since in a small company they have a huge influence on every part of business. ''

πŸ–ŒTell me in the comments if you see it the same way or if I missed something obvious here. And what would be your advice to startup founders on establishing the company culture?
Join GameFi, NFT, Metaverse, Blockchain Entertainment pitching session today at 17:00 CEST on InnMind YouTube Channel:

⏩ https://youtu.be/KdventG_1KA

Participants:

πŸš€ MUSURE world
MUSURE world is the NFT party&earn world, helping Creators and Gamers create immersive & collectible experiences through NFT Fashion Parties and NFT eSports, in the Metaverse.

πŸš€ StraightFire
Straight Fire is building the world’s first NFT Social dApp for creating and sharing NFT stories on social media.

πŸš€ XONE
XONE is a mobile Augmented Reality social network that allows users to build and share 3D worlds. XONE's vision is to become the web3 version of TikTok, focusing on user-friendly interfaces, discovery, and music to onboard the next billion users into web3.

πŸš€ MovePlus
Move Plus is a combination of Move-to-play and Play-to-earn mechanisms with a goal to lead millions of people to a healthier lifestyle and bring huge potential customers into crypto.

πŸš€ Bearverse
Bearverse is a free-to-play mobile-oriented multiplayer game with a WEB3 shared time-based economy.

πŸš€ Crypto Land
Crypto Land is an open-world AAA metaverse game that creates social engagement in the virtual world; P&E, F2P, and P2E games; and virtual real estate opportunities.

Get more details about the event and participants here.

See you there!
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Want to present the most attractive startup for investors from yesterday’s pitching session

πŸš€ XONE is a mobile Augmented Reality social network that allows users to build and share 3D worlds. XONE's vision is to become the web3 version of TikTok, focusing on user-friendly interfaces, discovery, and music to onboard the next billion users into web3.

πŸ’‘ XONE's core product, an iOS and Android application which caters to both crypto native users aswell as gen z and millenial music fans. It allows anyone to design and build cutting-edge 3D worlds called XONEs. Re-creating the concept of a bedroom, each XONE is a haven of cultural identity. A place where users can showcase posters, NFTs, and their digital goods, streamed music, and explore it all and more in augmented reality.

πŸ”Έ Investors: Protocol Labs, BMW Capital, Outlier Ventures, Universal Music, Max Stealth Ventures, Nxgen Ventures.

πŸ”Έ Seed Round: Raising $2.4m at $25m valuation. 9,600,000 tokens offered at $.25 USD.

πŸ”Έ Previous investment round: $600k at $22.5m valuation. 3,000,000 tokens offered at $.2 USD.

Learn more about project
XONE website | XONE profile | XONE pitch deck | XONE demonstration video

Contact our Investment Analyst Abdul in Telegram ( @Notanotherabdul ) to request the intro with XONE’s founders.
We bring your NFTs alive

Here is one of the promising startups at the last Pitching Session:

πŸš€ Straight Fire is building the world’s first NFT Social dApp for creating and sharing NFT stories on social media.

At the moment, there is no tool available for NFT owners and creators to visually promote their NFTs in an attractive way on their socials and more importantly activate traffic to their NFT marketplaces. This is exactly what StraightFire does.

Achievements:

🎯 Investors: GSR, Shima Capital. MEXC Global, WeBlock, LucidBlue Ventures, ZBS Capital, CoinMix Global, IBC Group.

🎯 Partnerships: Polygon, Chainlink, Unreal engine (Epic Games), Epik, SupraOracles, Trust Wallet, Math Wallet, Wallet Connect, MetaMask, ONTO wallet, crypto.com wallet, Rainbow wallet, Atomic wallet, Coinstats.

🎯 StraightFire's NFT Lab has developed THEXII, an interactive Sci-Fi comic book/ animation and NFT project written by the writers of the game Horizon and Marvel's Spiderman comic.

🎯 Currently developing 3D stages for Mr. Bean NFT project, APE Foundation; developing NFT concepts for TV hit series Survivor.

Wow, impressive project! 🀩 Follow the links below to learn more about StraightFire and don’t forget to contact our Investment Analyst Abdul in Telegram ( @Notanotherabdul ) to request th intro with StraightFire’s founders.

StraightFire website | StraightFire profile | StraightFire demonstration video | StraightFire pitch deck
πŸš€ DeFi & Infrastructure VC Pitching Session

InnMind invites startups to online VC pitching session this July. On the 13th of July at 17:00 CEST we will hold the session focused on DeFi & Infrastructure startups.

Criteria for startups:
🎯 Focus: DeFi/Infrastructure
🎯 Stage: Seed/Pre-Seed/Round A
🎯 Geography: Worldwide

Invited investors and VCs:

πŸ”Έ Katrina Wang, Founding Partner - Stratified Capital
πŸ”Έ Devin Pan, Investment Partner - BKex_Labs
πŸ”Έ Ivan Semenov, Managing Partner - Cryptomeria Capital
πŸ”Έ JosΓ© Pereira, Investment Analyst - Swissborg Ventures
πŸ”Έ Carmelo Giuliano, Co-Founder - Arcanum Ventures
πŸ”Έ Sasha Asheghi, Co-Founder - Arcanum Ventures
πŸ”Έ Brett Susser, Investment Associate - Blockchain Founders Fund

⏩ Follow the link to apply here and get evaluated before the session
πŸ¦„Web3 Startups and VCs
KITE DAO - Join The art revolution and the Journey to being a DAO Want to introduce Redkite project, a participant in one of our pitching sessions. πŸš€ Redkite is a platform to curate leading contemporary artists, commission original physical works, NFTs and…
Previously, we share this project with and you gave us good feedback.

Recently RedKite team share some updates with us and we want complete our previous post about them.

Raise to date: $ 1.4 M
Booked revenue: $250K
Monthly burn rate: $55K

▢️ RedKite new presentation

Feel free to contact InnMind investment Analyst Abdul ( @Notanotherabdul ) to request the intro with founders.
June Edition of GameFi, NFT, Metaverse & Blockchain Entertainment
⏩ https://youtu.be/KdventG_1KA

Participants:

πŸš€ MUSURE world
MUSURE world is the NFT party&earn world, helping Creators and Gamers create immersive & collectible experiences through NFT Fashion Parties and NFT eSports, in the Metaverse.

MUSURE world profile | MUSURE world pitching

πŸš€ StraightFire
Straight Fire is building the world’s first NFT Social dApp for creating and sharing NFT stories on social media.

StraightFire profile | StraightFire pitching

πŸš€ XONE
XONE is a mobile Augmented Reality social network that allows users to build and share 3D worlds. XONE's vision is to become the web3 version of TikTok, focusing on user-friendly interfaces, discovery, and music to onboard the next billion users into web3.

XONE profile | XONE pitching

πŸš€ MovePlus
Move Plus is a combination of Move-to-play and Play-to-earn mechanisms with a goal to lead millions of people to a healthier lifestyle and bring huge potential customers into crypto.

MovePlus profile | MovePlus pitching

πŸš€ Bearverse
Bearverse is a free-to-play mobile-oriented multiplayer game with a WEB3 shared time-based economy.

Bearverse profile | Bearverse pitching

πŸš€ CryptoLand
Crypto Land is an open-world AAA metaverse game that creates social engagement in the virtual world; P&E, F2P, and P2E games; and virtual real estate opportunities.

CryptoLand profile | CryptoLand pitching

If you want to communicate with startup founders personally, please, contact our Investment Analyst Abdul in Telegram ( @Notanotherabdul ).
Meet our new member of InnMind network.

πŸš€ Shadow Legacy Guild is a web 3 gaming guild focused on play-and-earn and play-2-earn games model. The company is developing world-class gaming guild focused on blockchain and introducing it to the masses at very low or zero entrance cost.

πŸ’‘ Shadow Legacy Guild provides scholarship and rental opportunities for gamers at web 3. Additionally, they connect investors to the guild and let them use opportunities to invest. This model creates fast growth approach for the guild and allows investors with even very small investment start their journey at Web 3 and get into the space along side with more experienced partners.

Project traction:
πŸ”Έ 2021 Q4 Active customers - 500 & Bookings - 6000
πŸ”Έ 2022 Q1 Active customers - 2000 & Bookings - 8000
πŸ”Έ 2022 Q2 Active customers - 4000 & Bookings - 5000

Learn more ▢️ Shadow Legacy Guild profile

If you want to communicate with founders, please, contact our Investment Analyst Abdul through the Telegram ( @Notanotherabdul ).
Saturday: a perfect day to spend some time on making your startup profile on innmind.com !

πŸ‘‰Log in or Register
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What Verticals and Protocols are in the top interest of VC investors in 2022-2023?

According to the Web3 VC Report by InnMind (that surveyed 97 VC funds in this sector!) these are the top 3 verticals that investors believe will have the most potential in 2022-23:
β˜‘οΈ Crypto Finance and DeFi (40%)
β˜‘οΈ Web3 Infrastructure (new protocols, layers 1 and 2, oracles, cloud solutions, etc.) (33,3%)
β˜‘οΈ Blockchain Gaming with Play&Earn model (20%)

Speaking about the top 3 blockchain protocols that have the highest potential to grow next years, investors named in an open question the following:
πŸ” Ethereum
πŸ” Polygon Technology
πŸ” Cosmos Network (Interchain Foundation)

There are much more insights from this paper:
❔what investors are looking for in startups when deciding to invest or not?
❔what criteria do they prioritise?
❔what is the average ticket size and round size in this sector? and more...

Feel free to read/download it for yourself here ⏩ https://blog.innmind.com/web3-investment-trends-report-2022/