Tag: 10M

MakerDAO launches biggest ever bug bounty with $10M reward

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MakerDAO has announced that it will begin offering a maximum of $10 million bounty to white hat hackers and cybersecurity specialists who point out legitimate security threats in its smart contracts. Maker’s (MAKER) plan to front-run attacks on its smart contracts is the largest ever on the bug bounty platform Immunefi. In fact if someone claimed the lot, it would equal the total amount of $10 million that Immunefi has paid out to date from active and inactive events. Its website claims the bugs found have averted up to $20…

Railgun Aims for Private DeFi With $10M Backing From DCG

“Through a collection of smart contracts that verify zero-knowledge proofs, the Railgun team has built a privacy system directly on Ethereum and other Layer-1 protocols, from which you can interact with decentralized exchanges, lending platforms, and popular smart contract applications,” Matt Beck, director of investments at DCG, said in a statement. “Railgun fills a clear gap in the market, and solves the privacy problem that everyone who uses crypto will come across.” Source

Decentralized Data Sharing Network ‘Project Galaxy’ Raises $10M

Project Galaxy, a way to rethink how digital credentials are handled in the next generation of the internet, has closed a $10 million funding round co-led by Multicoin Capital and Dragonfly Capital. The way the existing internet has evolved, our data is segregated across many different applications and services, such as behavioral data collected by Google and Facebook, or our credit histories on scoring websites and government agencies. An aggregate data layer connected and incentivized in such a way that applications can query it is lacking, said Project Galaxy co-founder…

FLUF World and Snoop Dogg fundraise, Adidas and Prada NFTs, WAX gifts 10M NFTs

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There was so much Nifty News this week that a second round-up was necessary to catch up on the latest nonfungible token (NFT)-related news. FLUF World and Snoop Dog partner for charity  FLUF World, Beyond VR studio and Snoop Dogg teamed up to raised over $1 million via a one-day charity NFT auction on behalf of the Kiwi nonprofit organization Auckland City Mission. Seven FLUF World NFTs were paired with seven limited-edition Snoop Dogg-themed Burrows designed by Beyond and sold on OpenSea. The partnership with the rapper included a 500…

Aleph.im raises $10M to develop censorship-resistant data storage

The competition among the computing networks is warming up, with decentralized players coming into the stage with backing from the crypto ecosystem. Decentralized storage and computing network Aleph.im completed a $10 million funding round led by Stratos Technologies. Zeeprime, NOIA Capital, Theia, Bitfwd Capital have contributed to the funding, among others. The cross-blockchain network aims to provide fully decentralized computing power and censorship-resistant data storage, according to the announcement. Aleph.im scheduled its first computing resource node rollout for January following the funding round. The nodes would eventually become the decentralized…

Decentralized Cloud Service Aleph.im Raises $10M

Aleph.im, a cross-blockchain decentralized storage and computing network, has closed a $10 million funding round led by Stratos Technologies, according to a press release shared with CoinDesk. The funds will go toward hiring more staff, particularly engineers, and the continued rollout of the network’s infrastructure. Aleph.im is a distributed cloud platform that provides serverless computing services, file storage and databases. It is meant to be a decentralized alternative to the likes of Amazon’s Lambda. Aleph.im allows Web 3 builders, dapps (decentralized applications) and protocols of any blockchain to “decentralize” an…

Solana-Based DeFi Project Hubble Protocol Raises $10M

Decentralized finance (DeFi) project Hubble Protocol has raised $10 million in funding ahead of its mainnet launch later this month. Hubble will use the capital to expand its team and DeFi project offerings. Investors in the funding round included Three Arrows, DeFiance Capital, Delphi Digital, Digital Currency Group (the parent company of CoinDesk), Crypto.com Capital, ParaFi, Jump Capital, Decentral Park Capital, CMS, Spartan, DeFi Alliance and Mechanism Capital. “We are thrilled to back the Hubble team as they build core DeFi primitives for the Solana ecosystem, from a decentralized stablecoin…

Solana-based DeFi protocol Hubble raises $10M, prepares for mainnet launch

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The Solana (SOL) network is ready to see the mainnet launch for another decentralized finance (DeFi) protocol, aimed at Web3 development and backed by bigshots from the crypto industry. Hubble Protocol, a project aiming to develop a censorship-resistant crypto-backed stablecoin among other DeFi services, has raised $10 million from Three Arrows / DeFiance Capital, Delphi Digital, Digital Currency Group (DCG), Crypto.com Capital, ParaFi, Jump Capital, Decentral Park Capital, CMS, Spartan, DeFi Alliance and Mechanism Capital. Hubble plans to expand its team and DeFi products with fresh funds, starting with its…