VC月报:10月融资金额仅8.5亿,创下近两年最低

吴说区块链Pubblicato 2022-11-03Pubblicato ultima volta 2022-11-03

Introduzione

根据 Messari 统计,10 月加密 VC 公开的投资项目共 71 个,环比下降 26%(2022 年 9 月共 97 个项目),同比下降 46%(2021 年 10 月共 131 个项目)。

根据 Messari 统计,10 月加密 VC 公开的投资项目共 71 个,环比下降 26%(2022 年 9 月共 97 个项目),同比下降 46%(2021 年 10 月共 131 个项目)。行业一级分类如下:

10 月份加密市场各赛道融资数量均大幅下降,其中基础设施赛道下降约 45%,降幅最大。CeFi、DeFi、基础设施与 NFT/GameFi 各占比约 8.5%、14.1%、21.3% 和 12.7%。

10 月总融资金额为 8.5 亿美元,环比下降 46%(2022 年 9 月共 15.7 亿美元),同比下降 74%(2021 年 10 月共 32.1 亿美元)。10 月无论融资数量还是融资金额均为近两年内最低。融资金额排名前 10 的轮次(不包含 CeFi)如下:

Homa Games 是一家法国的游戏开发商,专注于开发休闲类游戏,今年 1 月与数字足球 NFT 收藏平台 Sorare 合作举办了 Game Jam 活动。此轮融资由 Quadrille Capital 和 Headline 领投,Northzone、Fabric Ventures、Bpifrance、Eurazeo 和 Singular 参投。此次融资后,该公司已累计融资 1.65 亿美元。

Tatum 致力于缩短区块链应用程序开发的上市时间。其平台通过单行代码简化了区块链操作的流程,并结合了智能合约、费用和支付解决方案、实时警报和加密交换功能等功能。此轮融资筹集了 4150 万美元的资金, 由 Octopus Ventures、Circle 等参投。

nxyz 是一个多链数据索引平台,其通过低延迟的 API 公开实时区块链数据,它声称可在不到 200 毫秒的时间内提供实时区块链数据。nxyz 本轮融资由 Paradigm 领投,Coinbase、红杉资本等参投,资金将用于在全球范围内扩展其团队,并加入更多的区块链。

Horizon Blockchain Games 是一家游戏开发商,其 GameFi 产品包括纸牌游戏 SkyWeaver 和视频游戏 Arcadeum。本轮融资由 Brevan Howard Digital 与 Morgan Creek Digital 领投,传统视频游戏公司 Ubisoft Entertainment SA 和 Take-Two Interactive Software 参投。

Golden 致力于开发数据平台,本轮融资由 a16z 领投, Solana 联合创始人 Raj Gokal 等参投。资金将用于建立一个数据平台,使用 Token 奖励机制鼓励用户上传正确数据,抑制错误数据。目前该产品处于测试完阶段,预计将于 2023 年第二季度在主网上上线。

Stardust 致力于帮助其开发人员构建区块链游戏,每月向游戏创作者收取开发费用和区块链交易的 Gas 费。 本轮融资由 Framework Ventures 领投,Blockchain Capital 等参投。

ChainSafe 是一家基础设施开发公司,已开发的项目包括以太坊 PoS 共识客户端 Lodestar 等。本轮融资由 Round13 领投,ConsenSys、HashKey Capital、NGC Ventures 等参投,资金将用于支持 Web3 技术的发展和采用。

Shardeum 是由交易所 WazirX 创始人 Nischal Shetty 创建的公链,是一条基于 EVM 的 Layer1 分片区块链网络。Shardeum 目前估值 1.99 亿美元,本轮融资由 Jane Street、Struck Crypto、Spartan Group、Big Brain Holdings、DFG、Ghaf Capital Partners、Foresight Ventures 共同领投,资金将用于 Shardeum 的营销工作。

Pillow 致力于构建存储、消费和投资的一站式平台,专注于非洲和东南亚等新兴市场,目前支持比特币、以太坊、Solana、Polygon、Axie Infinity、USDC 和 USDT 等加密货币,计划在未来几个月内扩展到 50 多种资产。本轮融资由 Accel 和 Quona Capital 领投,Jump Capital 等参投。

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Research Report Analysis: Morgan Stanley Details SanDisk SNDK, The Truth About Cloud Data Center Pricing Power and AI Inference Benefits

Morgan Stanley raised its price target for SanDisk (SNDK) from $1100 to $1750 on June 22, maintaining an Overweight rating. The upgrade is driven by AI inference demand reshaping the NAND market, particularly for KV Cache and context window storage in cloud data centers. These cloud clients exhibit price inelasticity and sign long-term contracts, granting SanDisk significant pricing power. SanDisk's New Business Model (NBM) agreements, covering over one-third of FY27 bit shipments with 3-5 year terms and fixed price/price collar structures, are crucial. They are projected to sustain gross margins around 80% even at floor prices, providing a buffer against cyclical downturns. Morgan Stanley forecasts gross margins to surge from 30.3% in FY25 to 86.7% in FY27e. With NAND supply expected to remain tight into 2026/2027 and cloud/data centers becoming the largest end-market, SanDisk holds supply-side pricing power. The company targets 15-19% bit growth via technology transitions, not capacity expansion. Revenue is projected to grow ~6.6x from FY25 to FY27, with EPS rising from $2.74 to $14.73, driven by high-margin cloud business. Key upside catalysts include faster enterprise SSD adoption and edge AI growth. Downside risks involve slower industry growth, competitor capex increases, market share loss, and competition from Chinese players like YMTC. The investment thesis rests on AI-driven structural demand, NBM's margin protection, and sustained supply tightness. The $1750 target implies ~28x FY27e P/E.

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Research Report Analysis: Morgan Stanley Details SanDisk SNDK, The Truth About Cloud Data Center Pricing Power and AI Inference Benefits

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A Threefold Performance Leap! NEAR Achieves 200ms Physical Block Time Limit with SPICE

NEAR's core development team, Near One, has announced its next major protocol evolution: SPICE (Separation of Consensus and Execution). Currently in development, SPICE represents the most significant upgrade before the full implementation of Nightshade 3.0. Its core innovation is decoupling the consensus layer, responsible for ordering transactions, from the execution layer, which processes them. This allows the consensus layer to run at full speed without waiting for transaction execution to complete. Once deployed, SPICE is projected to triple NEAR's block production speed, achieving a 200ms block time, which is considered the physical limit due to the speed of light and network latency. This leap will dramatically reduce transaction latency and finality, with transactions confirming in roughly 0.4 seconds—faster than a typical card payment. The upgrade also enables more complex, long-running transactions and significantly improves user experience for applications like NEAR Intents and near.com. Beyond raw speed, SPICE enhances network scalability and security. It enables deeper parallelism, efficiently distributing workload across shards and improving resource utilization. The simpler block structure and lighter contracts also facilitate formal verification and security auditing. Furthermore, SPICE lays the critical groundwork for future Nightshade 3.0 features, most notably atomic cross-shard transactions, which would simplify complex contract logic and eliminate development hurdles caused by asynchronous execution. The Near One team is actively developing SPICE, targeting deployment in the coming months.

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A Threefold Performance Leap! NEAR Achieves 200ms Physical Block Time Limit with SPICE

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