Blockchain projects secured $739.48M in June 2024, led by @Hut8Mining’s $150M for AI infrastructure. Colosseum and Avail raised $60M and $43M for GameFi & Web3. @AnimocaBrands backed ten startups. Mistral AI’s Series B hit $642M, valuing it at $6B. #Blockchain #Update
Ava Labs integrates #NFTs in South Korea’s $20B K-pop industry, enhancing transparency and artist compensation. Partnering with SK Group for NFT-based ticketing and investing in Titan Content. #Blockchain #Updates
.@BNBCHAIN and @BinanceLabs launch the BNB Incubation Alliance to support early-stage Web3 projects with resources, grants, and global events. Participants get benefits worth up to $300K. #Web3 #CryptoNews
Moonbeam Network launches a $13M fund to boost its ecosystem, focusing on gaming and asset tokenization. N3MUS receives the first innovation grant. Key players: @StellaSwap, Moonwell. #Web3 #Updates
L2con in Brussels on July 9 will feature 55+ speakers, including founders from @MatterLabs and @0xPolygon, discussing Ethereum’s scalability with ZK and Optimistic rollups. #Web3 #Ethereum
Avail, co-founded by Anurag Arjun, raises $75M to enhance Web3 with modular unification tech. Testnet processed 118M+ transactions. Backers include @FoundersFund & @dragonfly_cap. #Web3 #Blockchain
The Web3 Foundation awarded its first Decentralized Futures grant in Asia to PolkaPort East, boosting $DOT presence in HK’s Greater Bay Area. #Web3 #Polkadot #Updates
Web3 and blockchain projects raised $1.08B in May. Farcaster & Bitdeer secured $150M each. Babylon raised $70M for Bitcoin staking. $xAI led with $6B. #Blockchain #AI #Updates
DeGameFi, the largest blockchain event in the Caucasus, will be in Tbilisi on June 15-16. Expect 1,000+ attendees, 60+ speakers, and names like @Tether_to, @0xPolygon, and @Mastercard. #Web3 #Blockchain
Web3’s promise of digital property rights represents a seismic shift from Web2, empowering users by ensuring ownership of digital assets and challenging internet centralization for a fairer digital ecosystem.
Alchemy Pay’s Web3 Digital Bank launch on May 21 significantly impacts fintech, marrying multi-fiat and cryptocurrency operations within a single account, inspired by Ripple’s cross-border payment solutions. This innovation saw Alchemy’s ACH token jump 10.44%, reflecting market approval of its strategy to ease Web3 business transactions globally. #FintechInnovation #CryptoBanking
Phantom acquires Bitski, aiming to revolutionize dApp onboarding with email-only sign-ups through embedded wallets, eliminating traditional barriers for users. This strategic move is set to broaden dApp accessibility, highlighting Phantom’s commitment to enhancing user experience and dApp adoption.
Polimec, a pioneering decentralized funding parachain, has launched on Polkadot, introducing a novel approach to Web3 project fundraising by ensuring transparency, community involvement, and regulatory compliance. Its integration with a Deloitte-powered KYC Credential underscores a commitment to secure and compliant funding processes.
Imaginary Ones and HUGO’s web3-enabled customizable denim jacket collaboration, launched on March 12, sold out by March 14, highlighting the demand for digital fashion. The project, blending physical and digital realms, rewarded users with $350 in BUBBLE Coin, showcasing the financial benefits of engaging with web3 technologies.
