February 2: Kodiak Finance”Berachain’s Community Native DEXannounced the closing of a $2 million seed funding round. According to the team, “This funding will enable us to further accelerate the pace of Kodiak’s expansion and continue to deliver great trading products native to Berachain.”
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Staking service Luganodes adds support for Bitcoin L2 stack
February 1: Luganodesprovider Institutional level staking serviceis “bringing its strengths” to Stacks, Bitcoin’s Layer 2 network. According to the team: “This means institutions can easily earn native BTC rewards while supporting the network and enjoying faster, cheaper transactions with full Bitcoin security. Luganodes is a signature of upcoming nakamoto upgrades. According to the blog post, Luganodes is “ranked as one of the top validators for Polygon, Polkadot, Sui, and Tron.”
Pyth introduces “Pyth Entropy” for on-chain random number generation
February 1: Paishas announced future deployments of Pyth Entropy, a blockchain oracle project “aimed at powering on-chain random number generation across various Web3 industries such as prediction markets and GameFi.” According to the team: “This announcement is a significant milestone as Pyth Entropy is poised to launch on the mainnet blockchain for the first time, ushering in a new era of decentralized applications. Additionally, Pyth Announcing the mainnet deployment of the Pyth Price Feed on the Ethereum Layer 2 blockchain, which enables dApps and enterprises to offer instant, gasless transactions to their users. Starting today, the LightLink Ecosystem’s smart contract development Users will now be able to power their DeFi applications with permissionless access to over 400 real-time price feeds across major asset classes.”
Cube.Exchange raises $12 million from investors including Sixman and Asymmetry
February 1: cube.exchangeThe soon-to-launch digital asset trading platform has raised $12 million as part of Series A funding, according to the team. Proceeds from Susquehanna Private Equity Investments, LLLP, GSR Markets, Everstake Capital, Big Brain Holdings, Third Kind Venture Capital, Arche Fund, WW Ventures and prominent angels will support engineering, customer service, operations, legal and compliance, and business development. Used for enlargement. ; and obtain a license. The company said the funding was a result of inbound interest and is on top of a $9 million seed round announced in October.
Sanctor Capital raises $10 million for early-stage Web3 fund
February 1: Sanctor Capital The team says it has raised $10 million for its early-stage Web3 investment fund. “We are also announcing a partnership with Press Start to launch a pre-accelerator program called The Multiplayer Fellowship. Together, Sanctor and Press Start aim to fund over 100 teams. Half of Press Start’s previous fellowship program graduates have been promoted to or joined top accelerators such as Alliance DAO, a16z Crypto Startup School & SPEEDRUN, Binance Labs, and Y Combinator. ”
Upshot launches Allora, a “self-improving decentralized AI” network
February 1: conclusion The company announced Allora, a new “trustless, self-improving, decentralized AI network,” according to the team. “Allora is designed to deliver smarter, more secure AI to applications through a self-improving network of machine learning models. Upshot is backed by industry investors including Polychain, Framework, Blockchain Capital, and CoinFund. I am.”
Prediction market Zeitgeist launches DLMSR-based AMM
February 1: ZeitgeistAccording to the team, the prediction market dApp has launched a DLMSR (Dynamic Logarithmic Market Scoring Rule)-based Automated Market Maker (AMM) that is “driven by a dynamic liquidity model never before seen in the industry. “This represents a significant advance in the blockchain prediction market.” The DLMSR model represents the first application of its kind in blockchain technology and significantly improves operational dynamics by reducing slippage while enhancing the flexibility of market creation and liquidity provision, thereby inter alia Transform trading efficiency and profitability in large-scale transactions. ”
Launched with WOOFi, Cross-Chain DEX, and Mantle Network
February 1: WoofiThe Saint Vincent and the Grenadines-based cross-chain DEX has launched Mantle Network, an Ethereum Layer 2 scaling solution. According to the team: “This makes WOOFi one of the first protocols to support cross-chain swaps powered by LayerZero from eight top-tier chains, including Arbitrum, Optimism, and Avalanche, to Mantle. Mantle’s MAU 370,000 in January 2024. Vice President of Ecosystems Ben York said the expected rise is driven by easier access to mETH, with WOOFi seeing 3.7% of LayerZero transactions. %, which is extremely important for ultra-efficient cross-chain swaps.