# Hash News May 10

By [Hash News](https://paragraph.com/@hashen) · 2022-05-11

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**Fund Raising:**

*   [InfiniGods](https://www.infinigods.com/), a blockchain-based game development studio, announced Thursday that it [raised $9 million in seed funding](https://www.theblockcrypto.com/linked/145161/blockchain-gaming-startup-infinigods-raises-9-million-in-round-led-by-pantera).Pantera Capital led the funding round. Additional participants include Framework Ventures, Jefferson Capital, Animoca Brands and Double Peak.
    
*   [Hike](https://www.hike.in/), a former messaging platform and local rival to WhatsApp, has [raised an undisclosed sum in a fresh funding round](https://www.techinasia.com/exclusive-softbankbacked-hike-raises-funds-web3-game) led by Jump Crypto, the Indian startup told _Tech in Asia_.Investors including Tribe Capital and Republic Capital’s Republic Crypto also took part in the round.
    
*   Cometh announced [a $10 million seed round](https://www.theblockcrypto.com/linked/145206/french-blockchain-gaming-studio-bags-10-million-in-seed-funding?utm_source=rss&utm_medium=rss) on Thursday as the Paris-based startup launches its second blockchain-based video game.
    

**Projects Brief:**

*   UST Stablecoin Depeg - [Will It Recover](https://www.phdcapital.fund/post/ust-stablecoin-depeg-will-it-recover)?
    
*   Crypto researcher unpacks [why UST broke down and what happens next](https://www.theblockcrypto.com/post/145944/crypto-researcher-unpacks-why-ust-broke-down-and-what-happens-next?utm_source=rss&utm_medium=rss).
    

**Crypto Insight:**

*   [The NFT market is collapsing](https://www.wsj.com/articles/nft-sales-are-flatlining-11651552616).
    
*   [4 questions to ask before investing](https://medium.com/@footprintofficial/4-questions-to-ask-before-investing-in-a-gamefi-project-9e742f4333b9) in a GameFi project.
    

\*\*\*The above are not investment advice, please do your own research.  You also can [follow us on Twitter, Telegram, Discord or subscribe the Newsletter here](http://www.hashnews.xyz/).

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*Originally published on [Hash News](https://paragraph.com/@hashen/hash-news-may-10)*