Feb. 19: AltLayer, an open and decentralized protocol to launch native and restaked rollups with optimistic and ZK stacks, has raised $14.4 million in a strategic fundraising spherical co-led by Polychain Capital and Hack VC, in keeping with the staff: “The corporate eyes international staff enlargement amidst the rising variety of strategic partnerships and key initiatives in improvement, centered round our infrastructure innovation of restaked rollups.”
Y Combinator, Startup Incubator Behind Airbnb, Coinbase, and Stripe, Seems to be to Spend money on Stablecoin Finance
Feb. 19: Y Combinator, the Silicon Valley incubator, has listed stablecoin finance as a class in its new and up to date checklist of areas it want to deploy funds in, in keeping with its request for startups (RFS) checklist launched final week.
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Wormhole Basis Collaborates With Succinct on ‘ZK Gentle Shopper’
Feb. 18: Wormhole Basis, which helps groups constructing merchandise for the cross-chain messaging protocol Wormhole, stated in a weblog publish that it is “collaborating with the staff at Succinct to construct an Ethereum ZK mild consumer as a part of an ongoing effort to additional decentralize message verification inside the Wormhole platform. Wormhole ZK is being leveraged by builders to reduce belief within the Wormhole platform, enhance cross-chain composability and improve community safety. Learn extra in regards to the imaginative and prescient of Wormhole ZK within the just lately introduced ZK roadmap.”
Justin Solar Tweets Tron DAO’s Roadmap for Bitcoin Layer-2
Feb. 16: TRON DAO, the decentralized autonomous group (DAO) behind the TRON community, with over 210 million consumer accounts, has unveiled its roadmap for constructing an revolutionary Bitcoin layer-2 answer, in keeping with a tweet from Tron founder Justin Sun. “This answer will revolutionize how we take into consideration blockchain interoperability and utilizing stablecoins inside the Bitcoin ecosystem,” in keeping with a message from the staff. “Let’s make #Bitcoin enjoyable once more!” Solar wrote. (TRX)
Silencio, Decentralized Community to Use Smartphones as Noise-Air pollution Sensors, Raises $1M
Feb. 16: Silencio, a decentralized community of smartphones working as noise-pollution sensors, has closed a $1M funding spherical led by Borderless Capital, a number one investor within the DePIN house, in keeping with the staff: “Together with Borderless Capital, funding from Moonrock Capital, Grasp Ventures, and others might be used to increase and improve its community-driven noise air pollution sensor community, enhance knowledge integrity for well-being, and assist strategic initiatives. This funding marks a major milestone for Silencio because it units out to redefine knowledge protection by way of the mixing of peaq, the layer-1 blockchain for real-world apps.” Silencio chosen peaq’s community final yr as its layer-1 blockchain.
Subsquid Joins Google BigQuery for Multi-Chain Tasks
Feb. 16: Subsquid, a peer-to-peer community to batch question and combination knowledge, has joined Google’s BigQuery for multi-chain initiatives to leverage Subsquid with BigQuery to shortly analyze their utilization on totally different chains and acquire insights into charges, working prices and developments, in keeping with the staff: “Subsquid indexing has supported over $11 billion in decentralized purposes and L1/L2 worth, with 30,000 members, together with tens of hundreds of builders, deploying over 40,000 indexers.”
RW3, Blockchain-Centered VC Led by Pete Najarian, Raises $80M
Feb. 15: RW3 Ventures raised $60 million for RW3 Ventures Fund I LP, in keeping with the staff: “The fund will goal investments in early-stage blockchain and Web3 firms, with an emphasis on groups that search to make the most of blockchain know-how to disrupt real-world industries and enterprise fashions with sizable addressable markets. The spherical was led by The Raptor Group and Mubadala Capital, the wholly-owned asset administration subsidiary of Mubadala Funding Firm, a world sovereign investor headquartered in Abu Dhabi. RW3 is led by Pete Najarian and Joe Bruzzesi, two well-known figures within the digital asset house.”
Blueprint Finance Emerges With $7.5M of Funding, Concrete Protocol
Feb. 15: Blueprint Finance introduced that it is rising from stealth with $7.5 million in funding from crypto-native traders together with Tribe Capital, Hashed, Portal Ventures, SALT and others – to resolve crypto’s liquidation downside. Based on the staff: Blueprint’s flagship product is the Concrete Protocol, an appchain purpose-built for on-chain debt and credit score. Concrete powers larger yields, liquidation safety, and superior predictions throughout all of DeFi, beginning with cash markets.”
QuickNode Provides Assist for ZkSync Hyperchains
Feb. 15: QuickNode, a Web3 improvement platform, now helps zkSync hyperchains,” enhancing its customized chains providing for shoppers in search of quick and scalable ZK know-how,” in keeping with the staff: “Hyperchains, powered by ZK Stack, guarantee sturdy knowledge privateness, superb for enterprise use instances whereas sustaining compliance. They run parallel to zkSync mainnet, enabling seamless asset bridging and liquidity movement. With QuickNode dealing with infrastructure, companies can give attention to creating plug-and-play blockchain purposes.”
Lava, Cosmos-Primarily based Appchain, Raises $15M, Plans Mainnet Launch
Feb. 15: Lava, an application-specific proof-of-stake blockchain constructed utilizing Cosmos SDK, has raised a $15 million seed spherical, led by Tribe, Soar and Hashkey Capital, in keeping with the staff: “Mainnet is launching finish of Q1/early Q2. Lava’s imaginative and prescient is to construct a modular knowledge entry layer for Web3, enabling builders to simply construct apps on any chain or rollup. Lava has been uniquely designed for technical and non-technical customers to contribute to scaling the community and is launching a factors system to reward customers.”
Injective Provides Mainnet Assist for Solana Area-Identify Bridging With Wormhole
Feb. 15: Injective, a blockchain designed for finance constructed utilizing Cosmos SDK, now helps “an interoperable area identify service (DNS) on mainnet: Solana domain-name bridging with Wormhole (beforehand obtainable on testnet). The cross-chain integration additional converges the Web3 and Web2 expertise by letting customers leverage single domains like on Web2 when conducting transactions, and represents a serious achievement in ecosystem collaboration, together with Bonfida and Wormhole. Extra particulars from Injective and Bonfida. Injective’s infrastructure encompasses a distinctive two-way cross-chain interplay facilitated by Wormhole. This ends in a extra environment friendly and streamlined area service expertise when SNS transactions are initiated. Adoption is easy: customers can buy .sol domains plus use each .sol and .inj domains throughout Injective dApps, additional increasing the cross-chain area expertise.” (INJ)
Helika, Information Analytics Supplier for Web3 Gaming, Raises $8M From Pantera, Animoca, Diagram, Sfermion
Feb. 15: Helika, a knowledge analytics and infrastructure supplier for conventional and Web3 gaming with prospects like Animoca Manufacturers and Yuga Labs, is asserting the completion of an $8 million Collection A fundraising from Pantera, Animoca, Diagram and Sfermion. Based on the staff: “This funding will assist Helika advance its AI-powered suite of services and products, which at present aggregates knowledge throughout a number of chains, social media platforms, and video games and synthesizes that knowledge into actionable insights for gaming studios to leverage in consumer acquisition, retention, and engagement to finally drive income.”
