The Venture Codex Logo

The Venture Codex

Moonbeam

Boston, Massachusetts, United States

Overview

Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications.

Total investments
2
Lead investments
2
Investments · 12mo
0
Active investors
4

Sector focus

  • Blockchain
  • Network Security
  • Software
Visit website

Investment portfolio

  • N3MUS

    Led · Seed · Nov 2024

    N3MUS is a Road Town, Tortola, British Virgin Islands–based Web3 gaming ecosystem led by CEO Neal Peters. Its core offerings include N3MUS ID (an account‑abstracted wallet for gaming studios), N3MUS Tournaments (a competitive skill‑based events platform), and a Game Hub that aggregates titles. The company focuses on enabling cross‑chain interactions and cross‑community gaming experiences to bring blockchain into mainstream gaming. N3MUS says it has a library of over 200 games and 55,000 monthly active players. The company intends to use new funding to advance onboarding, tournaments, and cross‑chain gaming experiences.

  • Moonbeam Network

    Led · Equity · Jun 2024

    Moonbeam Network is a smart contract platform that accelerates Web3 integration across Polkadot, Ethereum and the broader EVM ecosystem. It has launched the Moonrise initiative to signal the next phase in its evolution. Moonbeam announced $13 million in development support targeted at gaming, real-world assets, the Moonriver canary network and other key areas. The package comprises a $10 million Innovation Fund plus $1.5 million in Moonbeam ecosystem grants (4.5 million GLMR) and $1.5 million in Moonriver grants (113,618 MOVR). The Innovation Fund's first investment is in N3MUS, which is building a gaming-specific ecosystem to attract mainstream games and improve gamer acquisition and retention on Moonbeam. Moonbeam will introduce Innovation Fund recipients and other grantees to its venture capital network, including Arrington Capital, CoinFund, Scytale Digital, Metazero Capital and AD8 Dot Play, and pursue co-marketing, event partnerships and integrations. Moonbeam Network is a fully EVM-compatible Polkadot parachain developed by Purestake. It is currently live in a sandbox testnet where users can experiment with its functionality. The team plans to deploy Moonriver to Kusama and to launch Moonbeam as a Polkadot parachain targeted for Q3 2021. The core product emphasizes Ethereum-Polkadot compatibility to provide robust smart-contracting facilities on Polkadot. Purestake completed a $6 million strategic funding round to support growth, tooling, security audits, and expansion in Asia. Investors in the round include CoinFund, Binance Labs, ParaFi, Coinbase Ventures, Fenbushi Capital, and IOSG Ventures.

Team