FTX&Alameda Gaming Investments timeline review:

• In October 2017, Sam Bankman-Fried founded Alameda Research, a cryptocurrency quantitative trading company, with his own funds;

• In May 2019, SBF established FTX, a digital asset derivatives trading platform;

• In April 2021, SBF ranked 15th in the "2021 Hurun Global Self-Made U40 Rich List" with a wealth of US$10 billion;

• In October 2021, SBF appeared on the cover of Forbes and was selected as one of the richest people in the world under the age of 30;

• In May 2022, SBF was selected as one of the "Top 100 Influential People in the World" by Time Magazine in the United States in 2022;

• In June 2022, FTX entered the Forbes "2022 FinTech 50" list, with the highest valuation among the 9 encryption companies on the list;

• foreword

foreword

In November 2022, the cryptocurrency market, which was originally in a downturn, ushered in another huge impact after the Three Arrows Capital/Luna incident, and the extent was even worse. A "thunderstorm" in the currency circle The Man Brothers Incident" suddenly happened in front of everyone.

FTX, one of the world's largest cryptocurrency trading platforms, collapsed, affecting countless companies and users around the world, with Alameda and Solana, which are closely related to it, bearing the brunt.

Among the projects that FTX and Alameda have participated in before, there are many blockchain projects related to Gaming. Therefore, let’s talk about the investment and financing of Gaming projects that FTX and Alameda have participated in.

Degame.com collected and summarized about 200 investment and financing involving FTX and Alameda. After screening, there were 11 investment and financing involving Gaming, involving 11 projects for FTX; 24 for Alameda, involving 23 items.

Project Overview

Overview of specific investment and financing projects online and currency issuance

Basic information of chain game projects invested by FTX

Basic information of chain game projects invested by Alameda

Investment and financing situation analysis

01 The launch and issuance of Gaming investment and financing projects

Most of the Gaming-related investment and financing that FTX and Alameda participated in are already in operation, and two of them, Legends of Elumia and Solice, released tokens before they were launched, and said that the game content is in the process of urgent production , Solice announced in October that it will migrate from Solana to Aptos.

02 Distribution of Investment and Financing Quantities in Each Year

As shown in the previous timeline, Alameda was established in 2017, and FTX was established in 2019. They both began to participate in Gaming-related investment and financing in 2021. Alameda first participated in the currently active AAA-level project in May 2021 Bigtime’s A-round financing, and FTX first participated in the B-round financing of Sky Mavis, the parent company of Axie Infinity, which was at its peak on October 4, 2021.

03 Proportion of investment and financing scale among the three investment institutions

Among the 35 financings that FTX and Alameda participated in, 21 belonged to the million level, 7 belonged to the tens of millions level, and 5 belonged to the billion level.

04 The total proportion of Gaming investment and financing in the early stage

epilogue

epilogue

FTX and Alameda experienced several years of glory, and finally went to extinction. During this roller coaster-like process, they used their financial means to invest in many projects, including well-known projects, such as Axie Infinity and StepN;

Before November 2022, it seems that these investment-financed projects will play a positive role in promoting development, and after November 2022, these projects that have a little side with FTX and Alameda will be somewhat special. Therefore, many projects have issued documents saying that there is no or only a small amount of financial relationship with these two companies, and the relevant LOGOs on the webpage have been removed.

Judging from the short-lived situation of the current week, apart from being affected by the overall market conditions, these Gaming projects that have been invested and financed do not have any other negative impacts. They are in continuous operation, but the projects related to Solana may need more Take more actions to avoid the arrival of uncertain situations.

Perhaps this is where the resilience of the Gaming project lies. We should also believe that Chain Circle Gaming can have a sustainable future.