Animoca Brands and Everest Ventures Group (EVG) have formed a strategic partnership, where they will invest in each other's projects.
The goal is to leverage the potential of emerging blockchain economies in key Asian markets, focusing on driving real-world use cases and increasing accessibility to web3 games and experiences for end-users.
Horse racing game zkRace (formerly DeRace) partners with Transak to make buying their ZERC tokens easier. This lets more people play, aiming for wider adoption of the game.
Toposware is being acquired by Polygon Labs, a move that aims to accelerate innovation in the Zero-Knowledge (ZK) community.
The Toposware team will integrate with Polygon's existing ZK development teams, combining their expertise to drive innovation across various fronts, including:
•AggLayer •Polygon CDK •Polygon zkEVM •Polygon PoS (pending community approval)
This integration will bring Toposware's collective ZK talent and knowledge to advance Polygon's technology and capabilities.
The Ronin Carnival is a limited-time event that offers gamers and blockchain enthusiasts exclusive rewards, including free NFTs, tokens, and points. The event features various promotions and activities from Ronin ecosystem partners, including:
•Axie Infinity Origins: New players can earn 3 Axies and qualify for an exclusive Flash Cup tournament
•Apeiron Guild Wars: A $1,000,000 prize pool competition
•Kaidro: Send Journals to the Archives to improve ranks and earn a Spirit Guardian NFT
•PuffTown and PuffGo: Sign up and play a PuffGo match to earn a Ronin-exclusive avatar, frame, and rewards
•Tribesters: Giveaway for a rare 1-of-1 character named Dingo
•Axie Infinity: Cashback promotion for purchasing collectible Axies
•Proposing a new design for Starknet, a decentralized Layer 2, to settle on both Ethereum and Bitcoin simultaneously.
•Launching a $1 million fund to support research and development on OP_CAT, a feature that enables trustless rollups on Bitcoin.
•Publicly supporting the OP_CAT Bitcoin soft fork, which allows recursive covenants to manage and update their state autonomously.
StarkWare believes that STARKs and Starknet are well-suited to achieve this Bitcoin scaling, as STARKs can provide the necessary cryptographic proofs and Starknet can become a single Layer 2 that scales both Ethereum and Bitcoin.
Avail, a blockchain extension services provider, has raised $75 million through a $43 million Series A funding round, led by Founders Fund, Dragonfly, and Cyber Fund.
The company plans to use the funds to accelerate its vision of building the "Unification Layer", a three-part infrastructure that includes:
•Avail DA: a base data availability layer for scalable blockchain networks •Avail Nexus: a proof aggregation and sequencer selection ZK rollup for cross-rollup and cross-ecosystem settlement •Avail Fusion: a crypto-economic security layer secured by multiple assets like BTC and ETH
DWF Labs has announced a significant investment in three crypto projects over the past 24 hours. The investment totals over $17 million and has been injected into the following projects:
IOTA has just launched its EVM (Ethereum Virtual Machine) mainnet, which is a fully EVM-compatible Layer 2 solution for the IOTA network.
IOTA partnered with industry leaders like Stargate Finance (bridging), LayerZero (interoperability), Blast API (infrastructure), Pyth Network and Supra (oracles), and Goldsky (data indexing) to ensure a robust and user-friendly experience.
IOTA EVM not only offers full EVM compatibility but also introduces innovative functionality by leveraging our unique Layer 1 Native Asset Framework.
Babylon is launching phase 2 of their Bitcoin staking testnet, Testnet-4, on June 5th.
This testnet is open to various participants in the crypto space, including Bitcoin holders, validators, and wallet providers. This builds on their earlier announcement about the initial launch of Testnet-4.
TrueFi, a blockchain-based project, has officially launched on the X platform, marking a collaboration with Cicada, a chain credit risk management project. This partnership enables TrueFi to extend its chain credit capabilities to Arbitrum, expanding its reach and services.
FLOKI has announced that DWF Labs has committed to buying $12 million worth of FLOKI tokens to support the FLOKI ecosystem. The purchase will be made up of tokens bought from the market and tokens drawn from the Floki treasury.
Ethena Labs' USDe stablecoin has swiftly reached a $3 billion supply, making it the fastest USD asset to hit this mark within four months of its February launch.
Term Structure, a new DeFi project on Ethereum, is now live! It allows borrowing and lending crypto at fixed rates, similar to traditional bond markets.
The launch aims to revolutionize the way liquidity is provided between lenders and borrowers in DeFi.
Dapper Labs settles lawsuit over NBA Top Shot NFTs being securities. Dapper Labs will pay the plaintiffs $4 million, which includes compensation for the plaintiffs' claims and legal costs.
As part of the settlement, Dapper Labs has agreed to make certain business changes, including:
• Transferring all its FLOW tokens to the Flow Foundation • Allowing third-party markets other than Dapper to trade NBA Top Shot NFTs • Processing withdrawals more promptly