TuumIO’s Post

🔨 Building future Web3 tech? Why not check out the grants and funding support available within the Polkadot ecosystem. ✉️ In the process of planning or working on a project to tokenise real world assets or to simply integrate blockchain within your existing processes? Feel free to reach out if you’re interested in making Polkadot your new home 🏠 #web3 #tokenisation #RWA #Blockchain

peaq’s DePIN Platform Secures $15m in Pre-Launch Funding Peaq, a Layer-1 platform focusing on DePIN, has secured a $15m investment round led by Generative Ventures and Borderless Capital. The Layer-1 platform Peaq, which focuses on decentralized physical infrastructure networks (DePINs), has reported a $15 million investment round. This announcement precedes the planned mainnet launch in May. Generative Ventures and Borderless Capital led the round, with participation from Spartan Group, HV Capital, CMCC Global, Animoca Brands, Moonrock Capital and Fundamental Labs. Other investors also took part in the deal. […] peaq’s DePIN Platform Secures $15m in Pre-Launch Funding #Decentralization #Europe #Funding

These 4 days of EthCC have flown by! ✈️ Here are the key takeaways we gathered from attending as many event invitations as possible: a. Memetoken Liquidity: The #memetoken market is reaching its peak liquidity. Most retail investors are already involved. Although new tokens are being launched, liquidity is being redirected from older tokens to new ones, rather than freshly being injected. This is why we're currently seeing short pump and dump cycles. 📉 b. ICP Initiatives: ICP launched its Chain Fusion Day and Olympus project, A state of the art use case approach with significant investments in startup infrastructure across multiple countries, in collaboration with venture capital firms like Outlier Ventures. c. Dapps and Rollups Growth: The ecosystem for dapps and rollups continues to thrive. Multiple chains, including Tezos, Stellar, Chainlink, and Algorand highlighted their robust Gen-Z coding communities. 🧑💻 d. #Web3 x AI Integration: The intersection of Web3 and AI is expanding rapidly. Around 25% of side events focused on current AI developments, though many solutions are still in the seed stage. e. New L2 Strategies: Emerging L2s are shifting focus from attracting total value locked (TVL) at the top of the funnel to nurturing startups at the bottom of the funnel. Companies like Eigenlayer are showcasing new opportunities in Web3 that are being actively explored, highlighting the need for more innovation rather than incremental infrastructure improvements. #ETHCC

Discover how @CVPad, a collaborative venture by @CV_VC, @CVLabs, and @DuckDAO, is revolutionizing web3 investment, offering casual investors expertly-vetted, VC-backed opportunities. #BlockchainInvestment #Web3 #DemocratizingInvesting

Get, set, and be ready for Venturethon's new sponsor track, brought to you by Celo Foundation! Prepare to compete for a 3000 cUSD bounty track. The Celo Foundation supports the growth and development of the open source, mobile-first Celo platform. The company is scaling Ethereum with real-world solutions, leading a thriving new digital economy for all. Its mission is to help build an inclusive, carbon-negative financial system that creates prosperity for all. Guided by the Celo community tenets, the Foundation contributes to education, research, environmental health, community engagement, and ecosystem outreach. More details about the bounties will be available soon on the soonami website: https://lnkd.in/gn374YVe - stay tuned! Don't forget to join our Discord to stay updated on all the latest news and announcements about Venturethon 4. Join Discord: https://lnkd.in/gKZvrKhJ #bounties #sponsor #web3 #ai #gaming #venturecapital #startups

#Topics Fhenix Secured $15M Series A Funding and Launches Helium Testnet [ad_1] Fhenix, a Layer 2 solution for Ethereum, raised $15 million for its Series A funding round, led by Hack VC, Amber Group, Collider, Primitive Ventures, GSR, and Stake Capital. The round saw participation from Gate.io Ventures, Foresight Ventures, WAGMI Ventures, XT Hi-Tech, Orrick, dao5, NGC Ventures, Panga Capital, Protagonist, and SuDo Research.Fhenix also launched the initial version of its testnet, named Helium. This release enables developers to deploy confidential smart contracts using fully homomorphic encryption (FHE), ensuring data remains encrypted even during processing.Ethereum, despite its advancements, still lacks confidentiality. To address this, Fhenix leverages FHE, allowing computations on encrypted data, thus maintaining security without decryption. Recent advancements in FHE and hardware have made this feasible.Fhenix invites developers to explore the new possibilities enabled by confidential smart contracts. The network is EVM-compatible, supporting tools like Hardhat and Remix, making it accessible for Solidity-based development.The Fhenix testnet, Helium, is now live. Developers can begin deploying their applications and apply for early access to upcoming grant and bou...

I am excited to announce we at GDA Capital have provided a large investment facility to help scale out the Coinweb.io ecosystem. Having worked directly with Toby Gilbert and Knut Vinger, I wholeheartedly believe in their leadership to deploy the latest blockchain-based financial rails to both web2 and web3 native projects. We believe Coinweb is poised to become a key pillar of the interoperability infrastructure layer, providing a fast, reliable, scalable and secure solution for any project that wants to process transactions on all the top layer 1 and layer 2. It gives way for double and triple confirmations, solving the ongoing congestion issues that have stopped web2 projects from upgrading to web3 backend infrastructure. Onwards & Upwards! #financialmarkets #fintech #blockchain #coinweb #gdacapital #partnership

It's been a month since the launch of DWF Labs's Cloudbreak Fund, where we’ve pledged $20M USD to support promising Web3 projects within Chinese-speaking regions. With over 90 project submissions in just the past four weeks, the fund is making amazing progress in supporting innovation and providing crucial market-making (MM) services to Chinese-speaking founders and projects seeking support with their liquidity and ecosystem growth. As the new generation Web3 investor and market maker, we provide financial backing to our stellar portfolio of over 700+ projects, including 20% of the top 100 projects ranked on CoinMarketCap, and 44% of the top 1000 projects ranked by the same.   The Cloudbreak Fund was established to further provide liquidity and support to Chinese-speaking projects in the Web3 space, nurturing groundbreaking initiatives in the realms of GameFi, SocialFi, Memecoins, AI, DeFi, and Layer 1/Layer 2 infrastructure projects. This provides outstanding projects the resources needed to realise their fullest potential. Chinese-speaking projects operating within the above categories are invited to apply to the Cloudbreak Fund and take advantage of the opportunity to accelerate their growth and gain a foothold in the Web3 ecosystem. We are committed to fostering innovation and growth in the Web3 space, and look forward to building with you in your growth journey. Apply for the Cloudbreak Fund here: https://lnkd.in/gSFycS3y Read more here: https://lnkd.in/gtYhXSxF #DWFLabsxCloudbreak

Excited to announce Lagrange Labs' $13.2M seed round, led by Founders Fund, with support from Archetype, 1kx, Maven 11, Fenbushi Capital, Volt Capital, CMT Digital, Mantle Network Ecosystem Fund, and various angels. This latest funding will go towards accelerating the development of Lagrange's ZK Coprocessor, which drastically increases the scale of computation available to dApp developers and unlocks new classes of use cases involving big datasets, like on-chain liquidity or even running AI/ML models. This is the latest of many milestones for Lagrange, including: - Integrations with top protocols like EigenLayer, Mantle, and Base - Launching as the first ZK AVS on EigenLayer, with over $5B in total restaked ETH in the first 3 weeks - Launching our first public ZK Coprocessor Testnet, 'Euclid' Lagrange Labs is actively building and engaging with partners, with plans to launch our ZK Coprocessor on mainnet this year. Read more about our vision and plans for this new chapter from Lagrange Labs Founder & CEO Ismael Hishon-Rezaizadeh: https://bit.ly/4boFIbw

#Topics Fhenix Secured $15M Series A Funding and Launches Helium Testnet [ad_1] Fhenix, a Layer 2 solution for Ethereum, raised $15 million for its Series A funding round, led by Hack VC, Amber Group, Collider, Primitive Ventures, GSR, and Stake Capital. The round saw participation from Gate.io Ventures, Foresight Ventures, WAGMI Ventures, XT Hi-Tech, Orrick, dao5, NGC Ventures, Panga Capital, Protagonist, and SuDo Research.Fhenix also launched the initial version of its testnet, named Helium. This release enables developers to deploy confidential smart contracts using fully homomorphic encryption (FHE), ensuring data remains encrypted even during processing.Ethereum, despite its advancements, still lacks confidentiality. To address this, Fhenix leverages FHE, allowing computations on encrypted data, thus maintaining security without decryption. Recent advancements in FHE and hardware have made this feasible.Fhenix invites developers to explore the new possibilities enabled by confidential smart contracts. The network is EVM-compatible, supporting tools like Hardhat and Remix, making it accessible for Solidity-based development.The Fhenix testnet, Helium, is now live. Developers can begin deploying their applications and apply for early access to upcoming grant and bou...