“With this new capital, we are poised to accelerate our development, expand our global presence, and continue to address the most critical challenges facing Web3 today, such as blockchain fragmentation, insufficient data availability, and limited scaling,” Avail co-founder Anurag Arjun said in a press release. Source
The Fantom Foundation has recently disclosed its plans to establish the Sonic Foundation and Sonic Labs in preparation for the launch of its Sonic blockchain. In an announcement on Thursday, the foundation expressed its commitment to leveraging its technology and revealed additional details about the upcoming developments. Fantom Introduces Sonic Chain According to the foundation’s blog post, with the completion of the upgrade for their Opera chain on the horizon, Fantom is directing its focus towards creating a new “high-throughput” chain called Sonic (S). The introduction of the Sonic network…
Plume plans to make it possible for people to easily – and compliantly – bring real-world assets (RWAs) like real estate and collectibles onto blockchains. Source link
Singapore, Singapore, May 23rd, 2024, Chainwire Dora Factory, the leading decentralized governance infrastructure, announced the closing of another $10 million strategic raise. Nomad Capital, No Limit Holdings, Sky9 Capital, Singapore’s UOB-Signum Blockchain Fund, Interop Ventures, Cai Wensheng’s Longling Capital, and nine other renowned institutional investors joined the round. The raise will accelerate the adoption and strategic expansion of Dora Factory’s decentralized governance and public goods funding tech stack. Dora Factory is a leading infrastructure focused on decentralized governance and public goods technology. Its core products include the flagship Public Good…
Farcaster, a decentralized social media platform leveraging the Ethereum blockchain and Optimism’s Layer two ecosystem, has successfully raised $150 million in a funding round led by Paradigm, bringing its valuation to $1 billion. The funds will be used to sustain the project’s development, focusing on growing its user base and enhancing developer tools, after the […] Source CryptoX Portal
May 16, 2024 – Zug, Switzerland Web 3.0 data access layer Subsquid has confirmed that its SQD token is to list on several tier-one crypto exchanges. The native Subsquid token will be simultaneously listed on Gate.io, Bybit, KuCoin, CoinList and MEXC Global on May 17, 2024. Markets for trading SQD will open at 1:00 a.m. PST with an initial launch price of $0.094. The multiple exchange listing follows an oversubscribed token sale on Coinlist that raised $6.3 million. The addition of SQD to tier-one exchanges will increase liquidity and access…
Singapore, Singapore, May 15th, 2024, Chainwire A major event in Cosmos is the recent passing of Governance Proposal No.917: a request by Dora Factory and DoraHacks for a $1 million grant from the Cosmos Hub community treasury. This grant will support ten rounds of Quadratic Funding within the Cosmos Hub ecosystem over the next two years. As one of the largest treasury funding applications, this proposal sparked extensive discussions within the Cosmos community and received overwhelming support. Over $1 billion worth of ATOM, including major validators and core Cosmos contributors,…
Ethereum scaling solution provider Optimism announced plans to enhance blockchain throughput by integrating Layer three applications on top of its OP Stack, aiming to foster a Superchain network where Layer threes can build and share revenue with the Optimism Collective. The OP Stack, an open standard codebase, extends its utility beyond Layer two deployers to […] Source CryptoX Portal
Blackrock, the largest asset management company in the world, has led a strategic funding round of $47 million in Securitize, a capital markets digitalization company. The round, which had the participation of other financial markets and crypto native companies, shows Blackrock is betting on the transformative capabilities of tokenization for global capital markets. Blackrock Leads […] Source CryptoX Portal
A New York woman gets 18 years in prison for laundering $12,000 in Bitcoin to fund a terrorist group in Syria. Victoria Jacobs, also known as Bakhrom Talipov, 44, was sentenced to 18 years in prison by a New York State court jury after being found guilty of terrorism financing through cryptocurrency. In a press release, the Manhattan District Attorney’s Office said that Jacobs was “fully immersed in online terrorist ecosystems,” emphasizing her assistance in “raising and laundering thousands of dollars” for Syrian terrorist groups. “From the safety of her…