During the week from March 1st to March 7th, the events worthy of attention in the progress of star projects include: the Cardano mainnet has completed the Mary protocol upgrade; NEAR Protocol released the Ethereum Rainbow Bridge upgrade and governance plan, and it is recommended to gradually go through 4 stages Centralization; the SushiSwap contract has been deployed to Polygon, Fantom, xDai Chain, Binance Smart Chain and other blockchains; Yearn terminated the merger process with the Cover agreement, and Andre Cronje said that he no longer trusts Cover.
According to Odaily’s incomplete statistics, a total of 36 domestic and overseas blockchain financing incidents were announced last week, among which noteworthy ones include: ZK Rollup’s expansion team Matter Labs completed its A round of financing, led by USV; Binance announced its strategy for Multicoin Capital Investment, for the first time to set foot in the field of investing in cryptocurrency funds; the encryption technology start-up company TaxBit completed the A round of financing of 100 million US dollars, led by Paradigm and Tiger Global.
The following are specific project progress and financing events:
Star Project Progress
The open network platform NEAR Protocol released the Ethereum Rainbow Bridge upgrade and governance plan, and plans to conclude discussions on March 16 to form a final decision on the upgradeability plan. The NEAR team recommends a phased approach to the upgradeability of Ethereum Rainbow Bridge contracts: there will be a simple upgradeability model in the early stages, a more centralized governance model, and a more decentralized approach later, In total, it will be divided into 4 phases.
The Cardano mainnet has completed the Mary protocol upgrade
The Cardano development team Input Output Hong Kong tweeted that at 05:44:51 Beijing time on March 2, the Cardano Mary protocol upgrade has been successfully applied to the mainnet. This update is a major milestone in progress, introducing Goguen's core functionality, including native token functionality and multi-asset support.
Ripple is testing a private version of the XRP Ledger for issuing CBDC
According to a Ripple blog post, Ripple is testing a private version of the XRP Ledger, which is designed to issue a central bank digital currency (CBDC). Like the open-source version, a CBDC private ledger can issue XRP-like digital assets that can be used to link different currencies and also facilitate payments. Ripple claims the ledger can handle up to "hundreds of thousands" of transactions per second, and the company is already working with central banks to find out how the new private ledger fits into the central bank's CBDC plans. (U. Today)
The Filecoin network has been upgraded to V 10, reducing the cost of Window PoSt messages by 90%
The distributed storage network Filecoin (FIL) tweeted that the Filecoin network has been successfully upgraded to V 10 at epoch 550321, reducing the cost of Window PoSt messages by 90%.
The Graph integrates indexing and querying into BSC
According to official news, Binance Smart Chain will integrate The Gragh, support developers to use The Graph to build applications on BSC, and enable all developers participating in the construction of the ecosystem to query Subgraph. In addition, the Binance Smart Chain Foundation will fund The Graph's Grant on Hackerlink.io to encourage more developers to use The Graph or deploy Subgraph on BSC.
DeFi project SushiSwap (SUSHI) Chief Technology Officer Joseph Delong tweeted that SushiSwap is entering multi-chain, and SushiSwap contracts have been deployed in Fantom, Polygon, xDai Chain, Binance Smart Chain, and Moonbeam Network, and the testnet staging has been released .sushi.com. The current experience with Fantom and Binance Smart Chain is relatively complete. SushiSwap also plans to deploy on Optimism to reduce Gas costs.
Synthetix has governance modules ready and will be launched on L2 by Optimism
The synthetic asset protocol Synthetix (SNX) officially issued a document announcing the content of the first council meeting. According to that content:
1. Staking DApps will have a governance module that will allow viewing of SIPs/SCCP and voting on council appropriations, DAO proposals;
2. The new governance contract allows voters to dilute the process and save the election results;
3. The governance module is ready for deployment and will be launched by Optimism at layer 2;
4. By using multi-signature or NFT tokens, Spartan Council will be allowed to make SCCP (i.e. configurable changes) changes to the protocol from its wallet;
5. Tier 2 voting is coming soon;
6. Arbitrary contract deployment will be launched on the 2nd layer mainnet (Optimism) in March, the 2nd layer fee will be enabled before the mainnet launch, and the fee will be paid in ETH;
7. Core contributors are submitting a proposal to the Spartan Council to be voted on to initiate Phase 1 of the Layer 2 deployment.
Compound Launches Gateway Testnet
The Compound team announced the launch of a prototype based on the Compound Chain white paper called Gateway. Gateway is a Substrate blockchain governed by COMP token holders on Ethereum. Starting today, Gateway will operate as a testnet and connect to Ethereum’s Ropsten testnet. Compound Finance founder Robert Leshner said the testnet is expected to run for two months before it is fully launched. It is reported that the Compound team released the Compound Chain white paper three months ago. The announcement describes Compound Chain as a "distributed ledger capable of transferring value and liquidity between peer ledgers." (CoinDesk)
Yearn terminated the merger process with the Cover agreement, Andre Cronje said that he no longer trusted Cover
yearn.finance (YFI) tweeted that it has decided to terminate the previously announced merger process of Yearn and Cover, and that the two protocols will continue to operate independently. yVault users who purchased Cover in the past are not affected by this. YFI founder Andre Cronje replied: "I personally feel very sad. I used to respect and trust the Cover team very much. This is a lesson, and I will no longer trust them."
The Total Locked Volume (TVL) of DeFi Protocol Big Data Protocol Exceeded $6.4 Billion
According to the official data of Xunxun, as of 8:00 on March 8, the total lock-up volume (TVL) of the DeFi protocol Big Data Protocol exceeded 6.4 billion U.S. dollars, and it is currently 6.46 billion U.S. dollars.
It is reported that Big Data Protocol is a DeFi protocol used to obtain commercially valuable data from professional data providers, and tokenize the data to make it liquid.
Ethereum Expansion Project Arbitrum Gives Up Patents and Will Launch Mainnet Soon
Arbitrum, the Ethereum expansion project, stated that considering that the project has entered the mature stage of the community, it will abandon its patents and is currently waiting for the approval of Princeton University. In addition, Arbitrum will be launched on the main network soon. Originally an academic project at Princeton University, Arbitrum previously disclosed its intentions to commercialize the technology, which was later patented with Princeton support.
Polygon, the Ethereum sidechain expansion solution, launched an improvement proposal PIP
The Ethereum sidechain expansion program Polygon announced the launch of the improvement proposal PIP (Polygon Improvement Proposals). PIPs are design documents that describe new features and proposals to the Polygon community. The document will bring together new features, technical discussions, designs, and participation in Polygon governance. The goal of launching PIP is that the community can come up with ideas for improving different aspects of the network, be discussed by everyone within the community, and then be implemented. The parties involved in the PIP are the Author, the community, the Matic Validator Advisory Council, and the Polygon core team.
Layer 2 expansion solution Hermez releases public testnet
The Ethereum ZK Rollup expansion solution Hermez Network announced the launch of the public test network, which will support the last round of private testing. The main network is expected to be launched in the next few days. Currently, testnet features include a mobile and web wallet to interact with Hermez ZK Rollup user accounts, developer SDK and API integration, and Hermez Layer 2 batch browser.
It is reported that Hermez was launched by iden3, the Ethereum expansion solution technology team. According to the white paper, Hermez allows payments and token transfers to scale on top of the Ethereum public blockchain.
According to data from Dune Analytics, the total transaction volume of the NFT trading platform OpenSea in February reached 93.904 million US dollars, about 11.68 times the total transaction volume in January, a record high. In addition, the total number of OpenSea users exceeded 50,000.
The Aave ecological NFT game Aavegotchi is officially launched on Polygon (formerly Matic Network). The first 10,000 Aavegotchi Portals were sold out on Aavegotchi.com as part of the initial launch, and other major features already live include the Aavegotchi Store - where users can purchase unique in-game items and Power bonuses, and the Bazaar, a secondary NFT marketplace for trading Aavegotchi and wearables. Plus, everything in Aavegotchi, from Gotchi and its wearables to staked cryptocurrencies, is stored permanently on the blockchain as ERC-721, ERC-1155 or ERC-20 tokens.
BM is building a team to develop new social media project Clarion
Security Incident and Follow-up
Security Incident and Follow-up
Meerkat Finance, a DeFi project on the Binance BSC chain, was suspected to be running away. PeckShield sent shield security personnel to quickly locate and track and found that after the "farmers" mortgaged real money in BUSD and BNB, the attacker used the back door to steal 31.5 million US dollars, including $14 million worth of BUSD and $17.6 million worth of BNB.
Afterwards, the developer of Meerkat Finance issued a statement stating that in order to help users realize the potential dangers of smart contracts, Meerkat invited hackers to attack the loopholes and steal more than 73,000 BNB and 14 million BUSD. The developer stated that this is only an experiment, and Meerkat will do data updates and implement smart contracts to pay users. Since then, Meerkat has announced the final decision on the refund: the best solution at present is to directly refund 95% of the Vault balance, and the remaining 5% will be distributed fairly through the new product XFarm (which will offset MKAT holders and liquidity loss of provider MKAT-BNB).
Decentralized finance (DeFi) application Paid Network was attacked due to a contract vulnerability, and attackers have minted nearly $160 million worth of PAID tokens. The attackers have received 2,000 ETH (approximately $3 million) after some of the 59.7 million minted PAID tokens were traded on the decentralized exchange Uniswap. Approximately 2.5 million PAID tokens were sold in 13 transactions.
After the incident, Paid Network released an investigation report on previous attacks, stating that more than 59 million PAID tokens were stolen from the PAID Network deployment contract. The root cause of the attack was the leakage of the private key and the failure of the key management process. of. In order to prevent the attacker from causing further damage, PAID Network is restarting its token, clearing the attacker from the token holder's ledger, the attacker's PAID token will be removed from the token supply, v2 PAID token The airdrop will be to v1 token holders, the details are being carefully considered to ensure the fairest outcome. Control of the new token contract is transferred to multisig and ensures full security and process audits to ensure that it is no longer vulnerable to this attack or others.
On March 1, the HBO team stated that due to a staff error, the 500w HBO that should have been transferred to the HBO/USDT mining pool contract was transferred to the HBO/USDT LP contract on MDEX. Affected by this incident, the HBO currency price plummeted, and LP holders of HUSD/HBO, HBTC/HBO, and HT/HBO suffered impermanent losses. HBO stated that the team will calculate this part of the loss and compensate these LP holders. At the same time, in order to make up for the loss of HBO holders and pledged HBO single currency, we will compensate HBO holders according to the snapshot at the time of the transaction. All compensation will be paid by the team. The specific compensation plan will be given out as soon as possible after fully listening to the opinions of the community. At the same time, in order to express the team's apology, the team voluntarily destroyed all team shares.
According to the official news, the game ecosystem platform Seascape Network stated that the private key of an early investor was stolen after the release of tokens today, leading hackers to obtain 18,750 CWS in the investor’s wallet and sell them for $500,000. Officials said the hacked addresses had been identified and each exchange was notified to be blacklisted. Seascape Network added that its investors had pledged to buy back the stolen monies at market rates, which would help stabilize prices and wipe out losses.
Investment and financing overview
ZK Rollup Expansion Team Matter Labs completes Series A financing led by USV
Matter Labs, the Ethereum ZK Rollup expansion solution, announced the completion of the A round of financing, led by Union Square Ventures. Previous investors Placeholder, 1kx and Dragonfly continued to participate in this round of financing. In addition, there are also ecological partners of zkSync, including Aave, Balancer, 1inch, Curve, Binance, Coinbase Ventures, Huobi, Loopring, Argent, MYKEY, imToken, Flexa, MoonPay, ripio, CoinGecko, but the specific financing amount information has not yet been disclosed.
According to official news, on March 2, 2021, Binance announced a strategic investment in Multicoin Capital and became a limited partner of the institution. This investment is Binance's first foray into the field of investing in cryptocurrency funds. Binance and Multicoin Capital have worked closely in various fields, and have jointly discovered, incubated and invested in a number of high-quality early-stage blockchain projects. In addition to this strategic investment, Binance and Multicoin Capital will strengthen cooperation in more fields and explore new ways to support the development and market expansion of the entire blockchain ecosystem.
Encryption technology start-up TaxBit completed a $100 million Series A round of financing led by Paradigm and Tiger Global. The venture capital department of payment giant PayPal, Coinbase Ventures, Winklevoss Capital and other institutions, and investors such as Bill Ackman and Qualtrics co-founder Ryan Smith participated in the investment. So far, TaxBit’s total financing amount has reached 107 million US dollars.
Nextmarkets, a brokerage based in Cologne, Germany, has completed a US$30 million Series B round of financing, led by Cryptology Asset Group, a Malta-based encryption and blockchain investment group, and British fund manager Alan Howard participated in the investment. Nextmarkets facilitates retail trading of several financial instruments including stocks and cryptocurrencies. The funding round will be used to accelerate the growth of the platform following its recent expansion to the UK, Portugal, Netherlands, France, Spain and Italy. (The Block)
Financial app Eco completes $26 million in financing led by a16z
The financial application Eco announced the completion of US$26 million in financing, led by a16z, with participation from Coinbase Ventures, Founders Fund, Activant Capital, Slow Ventures, Tribe Capital, and Valor Capital Group. At present, the total financing amount has reached 35 million US dollars. Eco aims to provide users with functions such as high interest rate storage and payment rebates, mainly by cooperating with encrypted asset compliance custodians.
Fantom Foundation Receives $20 Million Investment from Investment Firm BlockTower Capital
Smart contract platform Fantom Foundation announced that it has received a $20 million investment from BlockTower Capital, an investment company in the field of cryptocurrency and blockchain. BlockTower Capital was co-founded in 2017 by Matthew Goetz and Ari Paul. Matthew Goetz had worked in investment management at Goldman Sachs, and Ari Paul had been in charge of risk management at the University of Chicago Endowment Office.
DAOSquare Completes USD 15 Million Seed Round Financing, SNZ, IOSG Ventures and Others Participate
DAOSquare completed a $15 million seed round of financing. Investment institutions include Youbi, SNZ, IOSG Ventures, GBV, MetaCartel Ventures China, MaskNetwork, BR Capital, DODO co-founder Dai Dai and other individual investors also participated in this round of investment.
Xiaoying Technology will invest $10 million in a venture capital fund managed by Dragonfly Ventures
X Financial, a financial technology company, announced that it has committed to invest a total of US$10 million in venture capital funds managed by Dragonfly Ventures II, LP for investment opportunities in the blockchain industry. It is reported that Dragonfly is a venture capital fund focusing on the blockchain industry. The blockchain platforms it has invested in include Maker, Compound, Celo, UMA, etc. (Finsmes)
DeFi Protocol Sovryn Raises $10M in Token Sale
Bitcoin-based DeFi protocol Sovryn has announced that it has raised $10 million in a token sale. Sovryn co-founder Yago said the funds raised will remain in the protocol’s treasury and the community will decide how to spend them. (The Block)
Kine, a decentralized derivatives exchange, announced the completion of two rounds of financing totaling US$7 million, led by well-known Silicon Valley angel investors Naval Ravikant and Alexander Pack. Other investors include Huobi Labs, OKEx, Blockchain Capital, Spartan Group, Divergence Capital, CMS Holdings, Ascensive Assets, Bixin Ventures, DeFi Alliance, Origin Capital, Hypersphere, NGC, SevenX, Red Chain Capital, etc.
Encrypted Custody Service Provider Unchained Capital Completes $5.5 Million Financing Led by NYDIG
On March 2, Unchained Capital, an encryption custody service provider, announced the completion of a US$5.5 million seed round of financing, led by Bitcoin technology and financial services company NYDIG, and existing investors Ecliptic Capital, Starting Line, Platform Ventures, Stronghold Resource Partners, Bitcoin Venture Fund and Capital Factory also participated in the round.
Konomi Network, Polkadot’s ecological currency market agreement, announced the completion of a $5 million private placement round of financing. Investors include Amplifi, Blocksync, CMS, DoublePeak, DreamFund, LDCapital, DFG, BTXCapital, Coin98Ventures, FBGCapital, Moonwhale, TitansVentures, AU21Capital, GenesisBlock, Altonomy, Zonff Partners, Candaq and 4Season etc.
BCB Group Closes $4.5M Funding Led by North Island Ventures and Blockchain.com Ventures
UK-regulated crypto services company BCB Group has raised $4.5 million in a new funding round led by North Island Ventures and Blockchain.com Ventures, with participation from Pantera, L1 Digital and Pack Capital.
MIT Raises $4M for New Bitcoin Security Research Project
MIT Media Lab's new project called "Bitcoin Software and Security Effort" has raised $4 million from a number of high-profile investors, including CoinShares chief strategy officer Meltem Demirors, Twitter CEO Jack Dorsey and MicroStrategy CEO Michael Saylor, among others, and corporate entities such as Fidelity Digital Assets. Over the next four years, the project will dedicate resources to Bitcoin Core development and will investigate longstanding questions about Bitcoin Core's properties. (CoinDesk)
SIREN Markets Completes $4 Million Funding Led by 1kx and Spartan Group
On March 1, the decentralized options protocol SIREN Markets announced the completion of $4 million in financing, led by 1kx and Spartan Group. Participating institutions also included CMS Holdings, Blockfolio founder Edward Moncada, Robot Ventures, Mechanism Capital, Rockaway Blockchain Fund , Jack Herrick, founder of WikiHow, etc. This round of financing will be used to increase security audits and expand the team.
Canadian cryptocurrency exchange CoinSmart completes $3.5 million seed round
Canadian cryptocurrency exchange CoinSmart has completed a seed round of 4.5 million Canadian dollars (about 3.5 million U.S. dollars). The round of investment was raised earlier this year through the issuance of interest-bearing convertible bonds. The specific investors were not disclosed. The funding will be used to expand CoinSmart’s platform into the European market and support operational changes. It will also help the company prepare for a reverse merger before it hopes to go public. (CoinDesk)
Decentralized finance startup General Protocols announced the completion of $3 million in Series A financing. Investors include Bitcoin early adopter Marc De Mesel, Bitcoin.com founder Roger Ver, and early Bitcoin adopter and BCH supporter Christopher Wu with Margus Kokk and Mike Komaransky.
Polkadex, the Polkadot ecological DEX agreement, completed a $3 million seed round and private equity round of financing. Investment institutions include LD Capital, Kenetic Capital, OKEx Capital, NGC, QCP, AU21 Capital, CMS Holdings, PNYX Capital, Genesis Block Capital, JRR Group, Cluster VC, GBIC, Momentum 6, Outlier Ventures, YBB Foundation, and Waterdrip Capital. The funds will be used to fuel the growth of Polkadex and become the first order book-based DEX in the Polkadot blockchain ecosystem.
Blockchain firm Finboot completes £2.4 million funding round
London-based enterprise blockchain technology group Finboot has raised £2.4 million through equity, with investors including the Development Bank of Wales, multi-energy company Repsol (through its private equity fund Repsol Corporate Ventures) and New Look founder Tom Singh. (UKTN)
The DeFi insurance agreement Unslashed Finance completed a financing of US$2 million. This round of financing was participated by investment institutions such as Lemniscap and P2P Capital. The funding will help Unslashed Finance expand its decentralized crypto asset insurance protocol. (Cointelegraph)
Babylon Finance Completes USD 1.9 Million Seed Round Financing and Will Issue Governance Token BABL
Babylon Finance, a community-driven decentralized asset management protocol, announced the completion of a $1.9 million seed round at a valuation of $10 million. Investors include Semantic Ventures, Joseph Young, Defi Alliance, Harvest.finance, Meltem Demirors, Fomosaurus, Dialectic Capital, Nick Chong, Tom Shaughnessy, Ryon Nixon, Coinlist Seed, Maple Leaf Capital, Luis Cuende, Konstantin Lomashuk, Angel DAO, Cluster Capital and The Daily Ape founder Darren Lau, etc.
Blockchain startup KoineArth raises $1.8 million led by YourNest Venture Capital
KoineArth, a blockchain-based supply chain startup, has completed $1.8 million in financing, led by YourNest Venture Capital, with participation from Lumis Partners and existing investor Inventus India. The new funds will be used for product development and market expansion. It is reported that KoineArth was founded by Praphul Chandra in 2018 and provides solutions for inventory visibility, invoice financing and contract execution. (The Economic Times)
Tidal Finance completes $1.8 million private placement financing led by Hypersphere Ventures
Tidal Finance, an open programmable insurance market on Polkadot’s ecology, completed a private equity financing of US$1.8 million, led by Hypersphere Ventures, and participated by Spartan Capital, Kenetic Capital and QCP Capital. Tidal Finance co-founder and CEO Chad Liu revealed that with the new funding, Tidal is expected to launch its protocol in mid-April. Tidal has been in development since last September and will launch a testnet in about two weeks. (The Block)
Compass Mining Completes $1.7 Million Funding Led by Galaxy Digital
Encrypted mining startup Compass Mining announced the completion of $1.7 million in financing, led by Galaxy Digital, with participation from CMT Digital, CoinFund, Coinshares, Rarestone Capital, and BlockFi’s Zac Prince. Amanda Fabiano of Galaxy and Meltem Demirors of Coinshares will join the company’s board of directors. It is reported that Compass Mining operates a two-way marketplace (similar to a trading platform such as Hotels.com or Expedia), which gathers suppliers of bitcoin mining hardware on the one hand, and seeks buyers for mining machines on the other. In some ways, this business model is similar to cloud mining. (The Block)
Polkadot's ecological synthetic asset issuance agreement Shadows Network completed a financing of 1.64 million US dollars. This financing was funded by Alphabit, A195 Capital, AU21 Capital, Bitcoin.com, Aries Labs, Blocksync Ventures, Candaq, Chain Capital, Consensus Lab, Cryptomeria Capital, DFG, DuckDAO, DAO Ventures, GBV, Innovion, JRR Crypto, Master Ventures, NGC Ventures, Onemax Capital, Oasis Capital, PolkaFund, RioFund, Waterdrip Capital, 3Commas and dozens of other investment institutions participated together.
LazyLedger Labs announced the completion of a $1.5 million seed round of financing, with investors including Interchain Foundation, Binance Labs, Maven 11, KR1, Signature Ventures, Divergence Ventures, Dokia Capital, P2P Capital, Tokonomy, Cryptium Labs, Michael Ng, Simon Johnson, Michael Youssefmir and Ramsey Khoury. Its co-founder Mustafa Al-Bassam said that with the new funds, LazyLedger will expand its development team, and plans to release the testnet by the end of this year and launch the mainnet by the end of 2022.
NFT decentralized autonomous organization Yield Guild Games (YGG) announced the completion of $1.3 million in financing, led by Delphi Digital, with participation from Scalar Capital, BlockTower Capital, gumi Cryptos Capital, Ascensive Assets and Youbi Capital. YGG will use the funds to improve its protocol for distributed investing in the emerging NFT space. As a decentralized autonomous organization, YGG mainly helps investors gather assets and bet on NFT to make profits, and finally share the income with supporters. Currently, YGG mainly focuses on the field of game NFT. (CoinDesk)
NFT creation platform Curio completes $1.2 million in financing, led by Future Perfect Ventures
Curio, an NFT creation platform, completed a $1.2 million seed round of financing, led by Future Perfect Ventures, with participation from A195 Capital, Long Hash Ventures, Moon Whale Ventures, former Time Inc. CEO, and Fox Entertainment executive Rich Battista. (The Block)
Metis, the Layer 2 DAO basic protocol, completes $1 million in angel and seed round financing
Metis, the Layer 2 DAO basic protocol, announced the completion of $1 million in angel and seed round financing. Investors include Ralf P. Gerteis, P1X Capital, Waterdrip Capital, DFG, Chain Capital, AC Capital, Block.power Combinator, Hotbit, SSSnodes, Crasolum, KernelVentures, CatcherVC, Jubi Labs and Liu Ming, former co-founder of TRON.
Ouyi OKEx's investment institution Block Dream Fund invests and joins the Plasm Network ecosystem
On March 2, the Polkadot ecological project Plasm Network officially announced that it has received investment from the Block Dream Fund, becoming one of the first investment projects of the Block Dream Fund's "100 million US dollar investment plan". As a scalable DApp platform based on Substrate in the Polkadot ecosystem, Plasm Network has attracted the attention of the market since the project was launched. Its team's advanced technology and experience have also allowed Block Dream Fund to see its future in the Polkadot ecosystem. development potential.
Former CFTC Chairman Invests in Crypto Investment Firm BlockTower Capital
Crypto industry investment firm BlockTower Capital has received investments from billionaire hedge fund founder Marc Lasry and former Commodity Futures Trading Commission (CFTC) chairman J. Christopher Giancarlo. It is reported that BlockTower’s portfolio includes Dapper Labs, the blockchain startup behind NBA Top Shot and CryptoKitties. (The Block)
Dora Factory, the governance infrastructure on the Cyblog ecological chain, completed the second round of financing. Fundamental Labs, Signum Capital, CMS Holdings, Hypersphere Ventures, ID Theory, OK Block Dream Fund, LongHash Ventures, PAKA, Incuba Alpha, Spark Digital Capital, NEO EcoFund, Zonff Partners, SevenX Capital, Lancer Capital, Privcode Capital, Gate.io, Horizon Capital, Kernel Ventures, JRR, Infinity Labs, Lotus Capital, BlockRock Capital, Cumberland, The LAO, DuckDAO participated.
The decentralized cross-chain protocol DeCus announced the completion of the seed round of financing. In addition to professional investment institutions, DeFi protocols and public chains also participated in the financing, which can accelerate the adoption of the DeCus protocol, including SevenX, FBG, DODO, and dForce Labs , Conflux, Parallel ventures, MCDEX, etc. The investment amount has not been disclosed yet. DeCus is composed of several Tsinghua Yao class students. The first product is a credible and efficient fully decentralized BTC cross-chain bridge. In early April, a test version and Ethereum cross-chain Layer 2 solution will be launched, and security audits and open source will be carried out simultaneously. .
Advanced Blockchain AG Invests in Polkadot Ecological Project Fractal
German blockchain-as-a-service (BaaS) provider Advanced Blockchain AG has invested in Fractal, and the company will receive 3,770,000 Fractal's native token FCL. The Fractal Protocol uses blockchain and cryptocurrencies to support advertising that maintains user privacy while facilitating interactions with ads and products. Fractal is part of the Polkadot blockchain ecosystem, so this investment adds to Advanced blockchain AG's portfolio in the Polkadot blockchain ecosystem. (DGAP)
According to official news, BCUG Vault has completed the private placement of BCUG tokens. Investors include LD Capital, AU21 Capital, GBV Capital, Moonrock Capital, Amplifi Capital, Altonomy, Mappleblock Capital, Morningstar Ventures, Master Ventures, Genblock Capital, Lotus Capital and Momentum 6 .
NFT trading platform Mintable announces investment from Mark Cuban
According to official news, Mintable, an NFT trading platform, announced that it has received investment from billionaire and Dallas Mavericks owner Mark Cuban, and will announce more news about the seed round of financing in the next few weeks.
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