ZKcandy, a gaming-focused layer 2 blockchain powered by ZKsync, today announced the completion of a $4 million private funding round from investors including Wemix Pte. Ltd., Animoca Ventures, Spartan Group, Perlone Capital, Presto Labs, Flowdesk, Prometheuz, Lecca Ventures, and Efficient Frontier. Angel investors and early contributors from Stacks, Analog, Mittaria, Xangle, and Trading Strategies also participated.
The team behind Layer 1 blockchain network Avalanche launched its major upgrade on the testnet on Monday. This upgrade is called "Avalanche9000" and contains several technical improvements designed to reduce the cost of blockchain deployment by 99.9%. These improvements include community proposals ACP-77 (to make Avalanche's Layer 1 validator more flexible) and ACP-125 (to reduce the base fee of Avalanche by 96%). Also launching alongside the upgrade is Retro9000, a $40 million grant program to ...
Layer 1 blockchain Aptos reached 5.40 million monthly active addresses last month, and the platform also reached 578 million user transactions last month, setting a new high, indicating active activity within its ecosystem. Meanwhile, APT tokens are up 4.9% over the past 12 months. It is worth noting that bot campaigns or airdrops sometimes inflate the number of transactions and active addresses. High transaction volumes do not necessarily mean meaningful economic activity, and promotions and to...
Galxe has launched an alpha mainnet for its Layer 1 blockchain, Gravity. The launch of the alpha mainnet will bring all of Galxe's products, including Quest, Compass, Passport and GalxeIdentityProtocol, to the chain. Gravity is a Layer1 full-chain smart contract platform designed to address Web3 fragmentation by "providing seamless cross-chain interaction and full-chain abstraction", resulting in a smoother user experience. G tokens will be used as the blockchain's native gas token, driving gove...
Layer 1 blockchain platform Chromia is expected to launch its mainnet in mid-July. Chromia aims to make it easier to build web3 applications by supporting its Layer 1 blockchain using a SQL-like programming language. Chromia will also bridge its native token CHR on its mainnet to facilitate the pledge delegation process, web hosting fee payments, and other core functions on the network. CHR is the ERC-20 token and BEP-20 asset on the BNB Chain.