THIS NEWSLETTER IS SPONSORED BY |  |  | Crypto VC trends: Throwing money at blockchain gaming startups | Quick Takes - October saw a lot of NFT and blockchain gaming startups raising funds — Nearly half of the $3.4 billion worth of VC deals were in this category.
- The crypto trading category was also very popular, followed by DeFi and other categories.
| This article is part of a new monthly series from The Block that takes a closer look at where the most recent venture capital investments have been flowing.
One category clearly stands out when it comes to recent venture funding announcements in the crypto world: NFTs and blockchain gaming.
According to data compiled by The Block Research, roughly 43% of the $3.4 billion worth of venture capital (VC) deals in October involved startups focused on games, NFTs or both. On a quarter-on-quarter basis, the number of funding deals in this category increased 75%, from 38 to 67.
Leading the way was Sky Mavis, creator of the "play-to-earn" phenomenon Axie Infinity. But the range of ventures that attracted investment is fairly broad. A sci-fi card game using NFTs raised $50 million. A creator of art for video games and NFTs raised $25 million. And a designer toy company raised $20 million to create a virtual world populated by cartoons.
Firms focused on crypto trading, including exchanges and brokers, were also very popular during October, seeing over $1 billion in investments. FTX raised more than $420 million by itself.
Below is a roundup — organized by category — of all the VC fundraises worth more than $10 million that were announced in October. | | |  | Coinbase launches its wallet as a standalone browser extension | Crypto exchange operator Coinbase announced Monday that its wallet is now available as a standalone browser extension. Coinbase first introduced a downloadable browser extension of its wallet in May of this year. But that version allowed users to only link their wallet account to the extension, meaning transactions could be initiated directly via desktop but required user confirmation via their wallet mobile apps. | Crypto exchange Huobi is migrating its spot trading business from Seychelles to Gibraltar | Cryptocurrency exchange Huobi announced Monday that it has received approval from the Gibraltar Financial Services Commission (GFSC) to migrate its spot trading business to the British overseas territory. | Mastercard to launch crypto-linked payment cards in Asia Pacific | Mastercard has partnered with three leading cryptocurrency companies in Asia Pacific (APAC) as part of plans to launch crypto-backed payment cards in the region. According to an announcement by Mastercard today, the trio of partners are Hong Kong-based crypto trading startup Amber Group, Australian cryptocurrency exchange CoinJar, and Siam Commercial bank-owned exchange platform Bitkub. | | | THIS NEWSLETTER IS BROUGHT TO YOU BY | Get Up to $3,000 in Bonuses
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| | | Trading volumes and open interest on CME increased significantly in October as a consequence of futures-based ETF launches. As more are approved, these numbers are expected to rise. | | | You are receiving this e-mail because you are subscribed to The Block's free newsletter. If someone shared this newsletter with you, you can easily subscribe to receive it in your inbox here. If you're looking for even more content, we have a separate newsletter for The Block Research, which you can sign-up for here. | | | | |
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