The cryptocurrency landscape is experiencing a wave of innovation and investment, with major players launching new funds, groundbreaking projects, and strategic partnerships. From Bitrue Ventures’ $40 million fund aimed at fostering advancements in AI and DeFi, to revolutionary gaming platforms on Solana and blockchain data services expanding, the industry is poised for significant growth and transformation. This surge of activity underscores the dynamic and rapidly evolving nature of the crypto space, promising exciting developments for developers, investors, and users alike.
Bitrue Ventures, the investment arm of the crypto exchange Bitrue, has introduced a $40 million fund targeting emerging developers. The fund offers individual investments up to $200,000, along with additional support and expertise from Bitrue. The firm is particularly interested in projects in Artificial Intelligence (AI), Real World Asset tokenization (RWA), GameFi, Decentralized Physical Infrastructure Networks (DePIN), and Decentralized Finance (DeFi), seeing these areas as currently the most promising.
InfStones, a blockchain infrastructure provider, has released its node-as-a-service (NaaS) product to help new protocols with their DePIN projects and make node operations more accessible. Since 2018, InfStones has managed enterprise-grade node services for major firms like Binance and CoinList. Recently, it facilitated the conversion of over 26,000 Checker Node license holders into long-term node operators for Aethir, a cloud computing platform.
Zivoe, a credit protocol on Ethereum, raised $8.35 million to enhance credit access by linking blockchain liquidity with real-world borrowers. This funding coincides with Zivoe launching its RWA credit protocol and Initial Tranche Offering (ITO) on the mainnet.
Nuklai, a blockchain focused on AI, launched Nuklai DAO, a decentralized autonomous organization to foster community-driven governance. The DAO will manage 400 million NAI community tokens, allowing the community to decide fund allocations through proposals and votes.
Polygon Labs, in partnership with Google Cloud and Accenture, released a white paper detailing how Web3 solutions can enhance loyalty programs. The paper suggests that tokenized rewards, gamification, and user-generated content can improve user experience and create new revenue streams for brands.
Chainbase, an omnichannel data network, secured $15 million in Series A funding from investors including Tencent and Matrix Partners. Chainbase aims to build an interoperability layer for the crypto world.
Outlier Ventures and Morgan Creek Digital announced a strategic partnership to launch their first accelerator program in Latin America, targeting startups driving technological and financial innovation. The 12-week virtual program starts in September, offering selected startups up to $200,000 in investment and various forms of support.
Allium Labs, a data platform, raised $16.5 million in a Series A round led by Theory Ventures. Allium provides enterprise-grade blockchain data to companies like Visa and Stripe and aims to foster broader cryptocurrency adoption.
Pundi X launched Pundi X Pay, a crypto payment solution for merchants, featuring extensive wallet integrations, flexible payment options, and AI-powered transactions.
BitGo integrated Stacks, enabling clients to earn BTC directly within their wallets and supporting the Stacks token standard.
Zeebit launched a fully decentralized gaming platform on Solana, offering casino classics and Web3 experiences with provable fairness and non-custodial settlement.
Aethir and Beamable announced a strategic solution to support game studios in developing and scaling live games in the cloud.
TON Teleport BTC launched, enabling secure bitcoin transfers to and from The Open Network (TON) blockchain, allowing BTC holders to engage in DeFi on TON.
IoTeX is launching its 2.0 platform, partnering with NEAR, Filecoin, RISC Zero, and Espresso to enhance data availability and support DePIN projects. The platform features DePIN Infrastructure Modules and a Modularity Security Pool to promote sustainable growth.
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