The latest technology news in cryptocurrency and blockchain
February 19: Solana According to the Filecoin team, blockchain has been integrated with Filecoin. “Solana is leveraging Filecoin to make block records more accessible and usable for infrastructure providers, explorers, indexers, and anyone who needs access to records. By leveraging Filecoin’s decentralized storage capabilities, Solana can achieve: It provides data redundancy, scalability, and improved security while maintaining a decentralized ethos.” CoinDesk 20 Assets: (SOL) (FIL)
Trust Wallet launches ‘SWIFT’ smart contract wallet with Biconomy
February 19: Trust Wallet, a self-custodial wallet, has teamed up with Biconomy to launch SWIFT, a smart contract wallet. According to the team, this launch “signals a significant change for the industry by redefining Web3 accessibility for 80 million users. Integration of SWIFT’s account abstraction technology simplifies setup, enhances security with biometric passkeys, and enables seamless gas bill management. “With features like one-click trading and support for over 200 tokens, SWIFT sets a new standard for user-centric web3 wallets.” The collaboration “leverages Biconomy’s innovative Paymaster and Bundler infrastructure.”
ZkSync’s ZeroLend launches native governance token ZERO
February 19: zero landzkSync, the second largest protocol, plans to launch its native governance token ZERO in Q1 2024. This comes on the back of a $3 million seed round. The DeFi protocol has observed a 1,000% increase in TVL from $3 million to $40 million over the past few months as users search for new potential airdrops and interact with the zkSync-based platform.
Rollup launch platform AltLayer raises $14.4 million from Hack VC and Polychain
February 19: AltLayer, an open decentralized protocol for initiating native and re-staked rollups using bullish and ZK stacks, has raised $14.4 million in a strategic funding round co-led by Polychain Capital and Hack VC. According to the team: “We are seeing a growing number of strategic partnerships and major development projects centered around infrastructure innovation in restaked rollups.”
Y Combinator, the startup incubator behind Airbnb, Coinbase, and Stripe, appears set to invest in Stablecoin Finance.
February 19: Y CombinatorSilicon Valley incubator included stablecoin finance as a category in its list of new and updated areas to deploy funds, according to its Request for Startups (RFS) list released last week.
BNB Chain Releases History Report
February 19: BNB Chain According to the team, it released the “BNB Chain and Web3 Blueprint” Brand Story report, which analyzed “developments, use cases, and impact across three community-led blockchains.” In 2017, Binance Chain evolved into Binance Smart Chain and eventually emerged as BNB Smart Chain, one of the most popular layer 1 (L1) ecosystems in the world, with an average DAU exceeding 1 million and opBNB.”
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Wormhole Foundation Collaborates with Succinct on ‘ZK Light Client’
February 18: Wormhole Foundation, which supports the team building products for the cross-chain messaging protocol Wormhole, said in a blog post: “As part of our ongoing efforts to further decentralize message verification within Wormhole, we are working with the Succinct team to build the Ethereum ZK light client.” Wormhole ZK is being utilized by developers to minimize trust in the Wormhole platform, improve cross-chain composability, and enhance network security. Learn more about the recently announced vision of Wormhole ZK. ZK Roadmap.”
Justin Sun tweeted Tron DAO’s Bitcoin Layer-2 roadmap.
February 16: Tron DaoThe Decentralized Autonomous Organization (DAO) behind the TRON network, which has over 210 million user accounts, has unveiled its roadmap for building an innovative Bitcoin Layer 2 solution. Tron founder Justin Sun’s tweet. “This solution will revolutionize the way we think about blockchain interoperability and the use of stablecoins within the Bitcoin ecosystem,” according to a message from the team. “Let’s make #Bitcoin fun again!” Sun wrote. (TRX)
Silencio, a decentralized network that uses smartphones as noise pollution sensors, raises $1 million
February 16: still, a decentralized smartphone network powered by noise pollution sensors, has closed a $1 million funding round led by Borderless Capital, a leading investor in the DePIN space. According to the team: “Together with Borderless Capital, Moonrock Capital, Master Ventures and others will be used to expand and strengthen our community-driven noise pollution sensor network, improve data integrity for well-being, and support strategic initiatives. Layer 1 for real-world apps. It is the integration of peaq, a blockchain.” Silencio chose peaq’s network as its layer 1 blockchain last year.
Subsquid joins Google BigQuery for multi-chain project
February 16: Subsquid, a peer-to-peer network for batch queries and data aggregation, has joined Google’s BigQuery for Multi-Chain project, leveraging Subsquid along with BigQuery to quickly analyze usage across different chains and gain insights into fees, operating costs, and trends. . Tim: “Subsquid Indexing has supported over $11 billion in decentralized applications and L1/L2 value, with 30,000 participants, including tens of thousands of developers, deploying over 40,000 indexers.”
RW3, a blockchain-focused VC led by Pete Najarian, raises $80 million
February 15: RW3 Ventures According to the team, it has raised $60 million for RW3 Ventures Fund I LP. “The fund aims to invest in early-stage blockchain and Web3 companies and will focus on teams looking to leverage blockchain technology to disrupt real-world industries and business models. This round is based in Abu Dhabi. It was led by The Raptor Group and Mubadala Capital, the wholly-owned asset management subsidiaries of global government bond investor Mubadala Investment Company, while RW3 was led by Pete Najarian and Joe Bruzzesi – known figures in the digital asset space.”
Blueprint Finance emerges with $7.5 million in funding and a specific protocol.
February 15: blueprint finance To address its cryptocurrency liquidation issues, it announced that it was coming out of hiding with $7.5 million in funding from cryptocurrency investors including Tribe Capital, Hashed, Portal Ventures, SALT, and others. According to the team, Blueprint’s flagship product is Concrete Protocol, an appchain built specifically for on-chain debt and credit. Concrete enables higher yields, liquidation protection, and advanced predictions across all DeFi, starting with money markets.”
Added ZkSync hyperchain support to QuickNode
February 15: quicknodethe Web3 development platform, now supports: zkSync Hyperchain“It strengthens our custom chain offering for customers who want fast and scalable ZK technology.” According to the team: “Hyperchains powered by the ZK Stack ensure strong data privacy ideal for enterprise use cases while maintaining regulatory compliance. They run in parallel with the zkSync mainnet, enabling seamless asset bridging and liquidity flows. “QuickNode processing infrastructure allows enterprises to focus on creating plug-and-play blockchain applications.”
Cosmos-based Appchain Lava Raises $15 Million, Plans to Launch Mainnet
February 15: lava, an application-specific proof-of-stake blockchain built using the Cosmos SDK, has raised a $15 million seed round led by Tribe, Jump, and Hashkey Capital. According to the team, “Mainnet launches late Q1/early Q2. Lava’s vision is to build a modular data access layer for Web3, allowing developers to easily build apps on any chain or rollup. Lava is uniquely designed to enable technical and non-technical users to contribute to the expansion of the network and is rolling out a points system to reward users.”
Injective adds mainnet support for bridging Solana domain names over wormholes
February 15: injectiona blockchain for finance built using the Cosmos SDK, now supports “interoperable domain name services (DNS): Wormhole and Solana domain name bridging (previously available in testnet)” on mainnet. Cross-chain integration further unifies the Web3 and Web2 experiences by allowing users to leverage a single domain name, such as Web2, when conducting transactions and represents a major achievement of ecosystem collaboration including Bonfida and Wormhole. More details from Injective and Bonfida. Injective’s infrastructure features unique two-way cross-chain interaction facilitated through Wormhole. This provides a more efficient and streamlined domain service experience when SNS transactions are initiated. Adoption is simple. Users can purchase .sol domains and use both .sol and .inj domains across injective dApps to further expand their cross-chain domain experience” (INJ)
Helika, a data analytics provider for Web3 Gaming, has raised $8 million from Pantera, Animoca, Diagram, and Sfermion.
February 15: spiral, a provider of data analytics and infrastructure for traditional and Web3 games for customers such as Animoca Brands and Yuga Labs, announced the completion of an $8 million Series A funding round from Pantera, Animoca, Diagram, and Sfermion. According to the team, “This funding will enable Helika to advance its suite of AI-based products and services that aggregate data across multiple current chains, social media platforms, and games and synthesize that data into actionable insights that game studios can leverage for their users.” “It will help you drive acquisition, retention and engagement, ultimately driving revenue.”