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AlphaBack Secures $1 Million in Funding on July 1, 2022

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According to industry sources, AlphaBack raised $1 million in funding on July 1, 2022. Investors in this round include HashKey Capital and Polygon Co-Founder Sandeep Nailwal, among others. With this latest round, AlphaBack’s total funding has reached $1 million.AlphaBack is an innovative browser extension that enables users to earn rewards by viewing NFT advertisements while browsing the web. The platform utilizes a distinctive business model where advertisers pay to display NFTs when users open new tabs, replacing traditional banner ads. This approach not only creates a new income stream for users but also offers advertisers a more effective channel for ad placement.Amid rapid growth in the Web3 advertising sector, AlphaBack’s solution meets users’ demand for earnings and provides NFT project teams with increased exposure. As the digital advertising market evolves and NFT technology matures, products like AlphaBack are expected to see broader adoption and development. The latest funding round will support AlphaBack in further enhancing its product features, expanding market share, and fostering the healthy development of the Web3 advertising ecosystem.

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MATIC fundraising-history
fundraising-Roundfundraising-amountfundraising-valuationfundraising-timefundraising-investor
--fundraising-$M--2022-06-30HashKey Capital,Sandeep Nailwal
fundraising-key-milestones
  • 2022-07-01
    AlphaBack raised $ 1 M in funding round

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Polygon to Undergo POS Upgrade in October 2025
Polygon has confirmed that its POS chain will undergo a major performance upgrade in October 2025. This update will increase network throughput to 5,000 transactions per second and reduce finality time to just one second. The upgrade marks a significant advancement for the Layer 2 ecosystem in terms of scalability and user experience. As demand for decentralized applications continues to rise in the current Web3 industry, performance optimization of blockchain technology has become a key trend.
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Important Notice: Polygon Network Token Upgrade to POL Will Impact Staking Yields
Major exchanges have announced that the MATIC token upgrade will take place between October 14 and 17, during which all MATIC tokens will be fully migrated to POL. During this transition, users should be aware that staking yields for MATIC will temporarily cease to accrue. This marks a significant milestone in the development of the Polygon network. Holders are advised to prepare in advance and monitor exchange announcements to ensure a smooth token migration. Upon completion of the upgrade, the new POL token will inherit all functions and ecosystem benefits of MATIC.
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LunarStorm Secures $4 Million in Private Round Financing on October 20, 2021
According to industry reports, Web3 gaming platform LunarStorm completed a $4 million private round of financing on October 20, 2021. The round saw participation from LD Capital, Daedalus, ArkStream Capital, Polygon Labs, Block0, Flow Ventures, GFS Ventures, and NEAR Foundation. Following this transaction, LunarStorm’s total funding reached $4 million.LunarStorm is a platform focused on publishing and sharing Web3 games, aiming to reshape the gaming ecosystem through the Play-to-Earn model. The platform provides entertainment experiences for players while also creating opportunities for income generation. As blockchain technology and the gaming industry become increasingly integrated, the Play-to-Earn model is emerging as a significant trend in gaming. The completion of this financing round not only demonstrates investor confidence in LunarStorm’s business model but also reflects sustained market optimism for the Web3 gaming sector.Notably, this round attracted a robust lineup of investors, including prominent blockchain-focused firms such as LD Capital and ArkStream Capital, as well as leading infrastructure provider Polygon Labs. This diverse investor base is expected to offer LunarStorm enhanced support and resources for product development and market expansion, further accelerating its growth in the Web3 gaming space.
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rep3 Secures Pre-Seed Funding on July 27, 2023
According to industry sources, rep3 completed its Pre-Seed funding round on July 27, 2023. The round was led by Lightspeed India and Better Capital, with participation from prominent investors including Balaji Srinivasan, Ryan Sean Adams, and Polygon co-founders Sandeep Nailwal, Jaynti Kanani, and Aniket Jindal.rep3 is a blockchain-based community management platform that leverages on-chain credentials to facilitate member oversight and recognize contributions. The platform enables community members to earn badges, thereby building their on-chain reputations. This innovative reputation system delivers significant value: users can stake their reputations for improved loan terms, utilize relevance scoring for more equitable voting mechanisms, and establish deeper connections across different communities.As Web3 communities rapidly expand, demand for decentralized identity and reputation systems continues to rise. rep3’s solution enhances community management and incentivizes member participation, while serving as critical infrastructure for a more transparent and equitable Web3 ecosystem. The funding will enable rep3 to further refine its product offerings, broaden market reach, and advance innovation in blockchain-based community governance.
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The Mystery Society Secures $3 Million in Seed Funding on February 9, 2024
According to media reports, The Mystery Society raised $3 million in Seed funding on February 9, 2024. Investors in this round include Shima Capital, Sfermion, GSR, Arca, Polygon Labs, 32-Bit Ventures, Lyrik Ventures, Press Start Capital, and Flying Falcon. With this round, The Mystery Society’s total funding has reached $3 million.The Mystery Society is a social deduction party game inspired by successful titles such as Among Us, Clue, and Goose Goose Duck. The game introduces innovative Web3 features, including virtual item ownership enabled by non-fungible tokens (NFTs), player-to-player trading, and secondary market transactions. Within the game, players solve puzzles and collect items, bringing a fresh dynamic to the traditional social deduction genre.The social gaming sector is undergoing significant transformation, with the rise of Web3 gaming introducing new possibilities to established models. The Mystery Society’s recent funding not only demonstrates investor confidence in the Web3 gaming space but also reflects market recognition of innovative social games. By integrating classic gameplay mechanics with blockchain technology, The Mystery Society aims to deliver a more interactive and economically rewarding experience for players.
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