Hybrid execution network developer Fluent Labs completed a $8 million funding round, led by Polychain Capital, with participation from Primitive, dao5, Symbolic Capital, Builder Capital, Nomad Capital, and Public Works, as well as angel investors Balaji and Dingaling. Fluent is the first hybrid execution network that mixes Wasm, EVM, and SVM applications into a unified execution environment, allowing programs written for different VMs to work together in a unified execution environment.
On January 28th, Layer 1 network developer Pod announced the completion of a $10 million seed round of financing to build a "consensus-free" Layer 1 network with transaction speed comparable to the response time of Google search. This round of financing was led by a16z CSX and 1kx. Participants included Flashbots, Blockchain Builders Fund and Protagonist, as well as several angel investors from Celestia, Babylon and Axelar. The Pod is expected to go live on the developer network (devnet) in the ...
Blockchain data network developer Chainbase announced the completion of a $15 million Series A financing round led by Tencent Investment Group and Matrix China. Chainbase plans to launch its mainnet and governance token CBT in the fourth quarter of this year. This round of financing will be used to build a global local community and increase developer and user engagement and network awareness. Chainbase's network supports over 15,000 developers and 8,000 projects, managing over 500 billion data ...
The Ethereum Layer 2 Blast network has cut its withdrawal time in half, from 14 days to seven days, according to the network's development team's July 16 X post. The network previously required a longer withdrawal time "in order to provide a buffer for Lido withdrawals". The team claims that this longer wait time is no longer necessary. The team posted the news via the new X account @blast, which replaces the previously used @blast_l2 account. The previous account announced the existence of the ...
Decentralized oracle network developer AnchorZero announced the completion of a $8 million seed round of financing, led by Bain Capital Crypto and Spark Capital, with participation from Ethereal Ventures, Robot Ventures, Mischief Fund, Pascal Capital, and Sarah Meyohas. The specific valuation information has not been disclosed. AnchorZero is a blockchain technology company specializing in the development of decentralized cross-chain oracle networks. It provides secure and reliable price feeding ...