Bitrue Ventures launches $40 million fund for ‘nascent Web3 companies’

July 18: Bitrue Enterprisesthe research and investment section of the cryptocurrency exchange Bitruehas launched a $40 million investment fund and is “calling for aspiring developers,” according to the team. The blog post says: “Individual funding recipients can receive up to $200,000 in investment funds that can be allocated in any way they see fit. Additionally, Bitrue will make its various avenues of expertise available to provide additional support to these projects. While Bitrue Ventures will consider investing in any niche within the crypto space, we believe that the most successful projects right now are likely to be built in the sectors of Artificial Intelligence (AI), Real-World Asset Tokenization (RWA), GameFi, Decentralized Physical Infrastructure Networks (DePIN), and Decentralized Finance (DeFi). As such, projects built within these industries will have a better chance of receiving funding.”

Blockchain Infrastructure Provider InfStones Launches Node-as-a-Service

July 18: Inf Stonesa blockchain infrastructure provider, “has launched its node-as-a-service (NaaS) product, empowering emerging protocols to power their DePIN projects while making sophisticated blockchain node operations accessible to everyday users,” according to the team: “Since 2018, InfStones has been providing enterprise-grade node management services to industry-leading groups such as Binance, CoinList, and BitGo. Over the past knot sale for the Aethir cloud computing platform, InfStones’ NaaS product has helped successfully convert over 26,000 of its Checker Node license holders into long-term node operators.”

Zivoe, RWA Credit Protocol on Ethereum, Raises $8.35M

July 18: ZivoeZivoe, a real-world asset lending protocol on Ethereum, has raised $8.35 million in its latest round, aiming to expand access to credit by connecting blockchain liquidity with real-world borrowers, according to the team: “The round comes in conjunction with the launch of Zivoe’s RWA lending protocol on mainnet on July 31 and its Initial Tranche Offering (ITO), a unique liquidity bootstrapping mechanism.”

AI-Focused Layer 1 Chain Nuklai Announces Launch of DAO for Governance, Says Use of Funds

July 18: Nuklaia layer 1 blockchain built for artificial intelligence, announced the launch of Nuklai DAO, “a decentralized autonomous organization designed to empower its community and ecosystem,” according to the team: “With this development, the company moves towards greater community-driven governance and collaboration. This initiative allows the community to have a direct say in the allocation of these funds through proposals and votes on Community It is Snapshot. The launch of Nuklai DAO will manage the allocation of 400,000,000 NAI Community tokens.”

Polygon, Google Cloud and Accenture release white paper on Web3 loyalty programs

July 18: Polygon Labsin collaboration with Google Cloud and Accenture, jointly launched a White paper which highlights how Web3 solutions can build high-margin loyalty programs. According to the team: “The paper highlights how users can leverage rewards such as tokenized privileges, gamification, collectibles, and community-generated content. This not only improves the user experience but also generates new revenue streams for brands while empowering users to actively participate in loyalty programs.” (MATIC)

Chainbase Raises $15 Million to Expand Omnichain Data Network

July 18: Omnichain Data Network Current base he has raised $15 million in Series A funding with Tencent Investment Group, Matrix Partners and Hash Global among investors. Chainbase is an interoperability layer that is building the “world’s first crypto model” to deliver data across the entire spectrum of cryptocurrencies, according to an emailed announcement Thursday.

Outlier Ventures’ partnership with Morgan Creek Digital brings accelerator to Latin America

July 18: Global Web3 Accelerator Outlier Ventures announced a new strategic partnership with Morgan Creek Digital to launch its first accelerator program in the Latin American region. According to the team: “The program seeks to identify startups developing solutions to drive technological and financial innovation in Latin America. The virtual program begins in September and runs for 12 weeks, offering selected startups support from Outlier Ventures’ in-house team of experts, personalized mentorship from industry experts, networking opportunities with investors and up to 200K in investment.”

Visa data partner Allium Labs raises $16.5 million as new findings show stablecoin activity is back

July 18: Data Platform Allium Laboratorieswhich provides enterprise-grade blockchain data to companies like Visa, Stripe, and the Uniswap Foundation, has raised US$16.5 million in a Series A funding round, announced Thursday. The funding round was led by venture capital firm Theory Ventures whose founder Tomasz Tunguz will join the board as part of the investment. Tunguz said that “the demand for cryptocurrencies and tokens has just begun” and that Allium will provide the data to “foster wider adoption.”

Pundi X launches payment solution for merchants

July 18: Pundi XBlockchain developer Pundi X Pay has launched a crypto payment solution, Pundi X Pay for merchants, according to the team: “This innovative solution is set to transform the brick-and-mortar crypto transaction landscape with the omni QR code payment layer, making it easier for merchants and customers to embrace cryptocurrency payments. Pundi X Pay InStore QR Code features include extensive wallet integrations (500+ direct wallet apps), flexible payment options, instant digital receipts, and AI-powered multi-chain transactions and security: powered by Pundi X AI.”

BitGo Integrates Stacks, Enabling Delegate and Solo Stacking

July 18: BitGo was integrated Stacks“enabling delegated and solo stacking for its customers”, according to the team: “This gives them the ability to earn BTC directly into their wallets through a secure and risk-controlled process. Additionally, BitGo now supports the Stacks token standard and acts as a network Signatory, contributing to consensus and block production. This Signatory role will be crucial for the future launch of sBTC, a decentralized asset backed by Bitcoin.”

Solana-based casino Zeebit to feature Sonic L2 infrastructure

July 18: Zeebitdescribing himself as “Solana’s First On-Chain Casino,” is “launching the first fully decentralized risk gaming platform on Solana using the SonicSVM infrastructure,” according to the team: “This on-chain platform features casino classics, PVP games, and new Web3 experiences with provable fairness and non-custodial settlement. Leveraging of Sonic Scalable L2, Zeebit will migrate its current Solana-based platform, including player histories. Backed by major Web3 VCs and incubated by Solana Labs, Zeebit’s testnet launch will offer multiple games, followed by a mainnet launch with incentivized campaigns.”

Aethir, DePIN for GPUs, Teams Up with Beamable for Cloud-Based Game Development and Distribution

July 18: Aethira DePIN project specializing in GPUs for AI and pixel streaming, and Transmissiblea creator-centric platform for creating live games, has announced a “strategic end-to-end solution that will empower game studios to develop, build, scale and distribute live games entirely in the cloud.” according to the team: “With the launch of this complete solution, developers will be able to store, manage and process data on a single platform to create more immersive and scalable gaming experiences.”

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TON Foundation Says Trustless Bitcoin Bridge for DeFi Has Launched

July 17: TON Teleport BTCa trusted bridge that facilitates secure bitcoin (BTC) transfers to and from The Open Network (TON) blockchain, has been launched. According to a message from the TON Foundation Team: “This development enables BTC holders to securely engage in DeFi on TON and participate in decentralized exchanges (DEXs), lending platforms, and other applications. The TON Teleport BTC process is fully trustless and transparent, operating without a centralized issuer. Every BTC on TON is 100% backed by real BTC, tied to the teleport process, ensuring secure and reliable transactions.” (TONNE)

IoTeX ‘DePIN’ Infrastructure Modules to Reduce Development Time

July 17: IoTeXan Ethereum-compatible blockchain platform optimized for decentralized physical infrastructure (DePIN) projectsis launching its 2.0 platform to democratize access to DePIN by partnering with NEAR, Filecoin, RISC Zero, Espresso and more, “to improve data availability, storage, compute and sequencing,” according to the team: “IoTeX 2.0 Introducing DePIN Infrastructure Modules (DIMs) and the Modularity Security Pool (MSP) to reduce development costs and support sustainable growth of DePIN projects, positioning itself as the largest decentralized hub for devices and data that will be deployed by humans and AI agents.” According to a press release: “The introduction of the Modularity Security Pool (MSP) enables DePIN layer 1s to return their Proof-of-Stake security to DIMs, fueling growth and promoting sustainability within the ecosystem.”

Schematic illustrating how IoTeX’s Modular Security Pool works in conjunction with its DePin Infrastructure Modules (DIMs), designed to reduce development time and initial costs for DePIN (IoTeX) applications

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