In February, Africa and emerging markets-focused Nestcoin raised a pre-round to build, operate and invest in its web3 applications, including crypto content platform Breach Club and gaming guild Metaverse Magna (MVM). Nine months after its launch last December, the latter completed a $3.2 million seed sale token round at a fully diluted valuation of $30 million.

MVM, incubated in partnership with multi-strategy blockchain investment fund Old Fashion Research (OFR), welcomed the participation of investors including South Korean video game developer Wemade, the blockchain-focused venture capital firm based in Japan Gumi Cryptos Capital (gCC), HashKey, Tess Ventures, LD Capital, Taureon, AFF, Polygon Studios, Casper Johansen (Spartan), and IndiGG. In a…