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Web3 Graveyard

Investors

Mechanism Capital

Investment firm

Dead projects
6
Rounds led
3
Total announced
$22M
Latest round
Mar 2024

Rounds

ProjectRoundDateAnnounced
Nyan HeroesDeadMarch 2024 roundLeadMar 2024$3M
nftperpDeadSeries ADec 2023$3M
Blast RoyaleDeadPrivate token sale (seed)LeadApr 2022$5M
Ctrl Wallet (formerly XDEFI Wallet)DiscontinuedVenture roundLeadSep 2021$6M
Ember SwordDeadMay 2021 roundMay 2021$2M
Slingshot (formerly DEX.AG)DiscontinuedSeedNov 2020$3.1M

Announced is the size of the whole round, not this investor’s allocation. Backing a project that later failed is an ordinary outcome of venture investing and is recorded here as a fact, not a judgement.