The cryptocurrency market is still stuck in a macro-based downtrend.BTCEther (ETHThe indices () showed further weakness towards the end April. However, there is still venture capital activity within the blockchain and crypto sectors. The strongest it’s ever beenFurther evidence is provided by this report that large investors look beyond the immediate price action to ignore divergent bull/bear narratives. These are the facts Latest edition of VC RoundupHighlights the excitement around Web3 gaming and decentralized financial (DeFi), as well as blockchain infrastructure.

Major Investors give $70M to BloXroute

To continue building scalable infrastructure services in the crypto and DeFi sectors, blockchain distributor bloXroute raised $70 Million. SoftBank Vision Fund 2 led the Series B round, with contributions from Jane Street, ParaFi Capital and Blindspot as well as GSR, GSR, GSR, and other investors. It recently introduced its Blockchain Distribution Network. This network is designed to alleviate congestion and provide reliable information to users about their orders to buy or sell.

HBAR Foundation Launches $50M Fintech Innovation Fund

Heavyweights in the crypto-industry back decentralized venture studio

A16z raises $34M for the Spruce Fund

Gamers raise capital to fund a Web3 studio

GamerGains completes $5.8M seed round, backed by Winklevoss Capital

Venly is a Blockchain Developer. Venly Raised $23M

Oasis.app secures $6M Series A funding round