muchstickers

August 15, 2024, 9:16

Sling Money has raised $15M in a Series A funding round led by Union Square Ventures

Sling Money, a stablecoin-based global payment app, secured $15M in a Series A led by Union Square Ventures. Other investors in the round include Ribbit Capital and Slow Ventures. Sling Money allows people to quickly send money globally and is enabled by the Pax Dollar or USDP stablecoin. Previously, it has raised $5M in a seed funding round led by Ribbit Capital. Slow Ventures also participated.

🔗 theblock.co/post/311223/sling-money-a-stablecoin-based-global-payment-app-raises-15-million-in-series-a

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muchstickers

August 14, 2024, 18:31

XION has introduced XION Foundation and utility token XION

XION has unveiled the XION Foundation, a non-profit organization dedicated to guiding the XION ecosystem and upholding its core values. Meanwhile, XION introduced $XION, the utility token powering the XION Proof-of-Stake (PoS) network that establishes a solid foundation for a flourishing, self-sustaining ecosystem. The details on token distribution and release date will be announced soon.

XION Foundation supports teams building secure, open-source, and decentralized applications within the ecosystem, and its primary aim is to ensure that Web3 is universally accessible through XION.

XION, built by Burnt, is an L1 chain that is purpose-built for consumer adoption. Burnt has raised $36M in three funding rounds (last at a $500M valuation) backed by Multicoin Capital, Animoca Brands, Morningstar Ventures, Sfermion, HashKey Capital, Arrington Capital, Circle Ventures, GoldenTree and others.

🔗 xion.burnt.com/blog/xion-foundation-introduction

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muchstickers

August 14, 2024, 16:32

Rhinestone has raised $5M in a Seed funding round led by 1kx

Rhinestone, a startup building out modular smart accounts infrastructure, has secured $5M in a seed funding round led by 1kx. Other investors in the round include CoinFund, Lattice, Heartcore, Circle Ventures, Alchemy Ventures, Daedalus, zkSync and Cyber.

Rhinestone provides tools for developers to augment smart account features via self-contained modules, with the ultimate goal of improving smart contract interoperability, security and other features.

Rhinestone builds infrastructure for smart accounts, which are digital wallets governed by smart contracts rather than private keys. In 2023, it received a grant from the Ethereum Foundation.

🔗 x.com/rhinestonewtf/status/1823724214261833856

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muchstickers

August 14, 2024, 15:41

Top Blockchains by Commits and Development Activity in last 7 days

Let’s compare the top blockchains by GitHub commits and active developers in last 7 days, according to artemis.xyz, in order to evaluate their current development activity.

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muchstickers

August 14, 2024, 15:01

TON Foundation alumni have raised $40M to launch TON Ventures

TON Foundation $TON members, Ian Wittkopp and Inal Kardan, have launched TON Ventures, a for-profit venture capital firm, with an inaugural fund of $40M. With their new fund, the duo aims to invest in startups building on TON blockchain. Wittkopp declined to name the fund's investors or limited partners but said they are mainly individual private investors who want to support the long-term growth of the TON ecosystem.

TON Ventures has already backed over a dozen startups, including Catizen, Tradoor and Evaa Protocol. Current price is $7.05. Current FDV is $36.05B.

🔗 theblock.co/post/311103/ton-foundation-alumni-40-million-fund-ton-ventures

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muchstickers

August 14, 2024, 14:28

Parfin has raised $10M in a Series A funding round led by ParaFi Capital

Parfin, a crypto infrastructure company building a permissioned Ethereum Layer 2, secured $10M in a Series A led by ParaFi Capital. Other investors in the round include Framework Ventures, L4 Venture Builder and Núclea.

Parfin is a developer of Rayls, a permissioned EVM blockchain geared to enterprise use cases like tokenization, CBDCs and intra-institution transactions. The company says it has raised $38M in total funding to date.

🔗 theblock.co/post/311159/parafi-capital-leads-10-million-series-a-into-permissioned-ethereum-layer-2-developer-parfin

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muchstickers

August 14, 2024, 13:59

MetaMask launches blockchain-based debit card developed with Mastercard and Baanx

MetaMask announced the pilot launch of its self-titled MetaMask Card — powered by Mastercard and fintech platform Baanx. The card allows the crypto wallet's users to spend cryptocurrency for everyday purchases. The card is limited to a few thousand digital-only cards available to users in the European Union and the United Kingdom in its current phase. Moreover, users must hold their crypto on-chain on the Linea network.

MetaMask's card is similar to other Baanx-powered crypto debit cards, such as the CL Card, which allows Ledger users to spend their crypto wherever Mastercard is accepted. Meanwhile, other crypto debit cards connected to centralized, custodial platforms — such as Coinbase Card and Crypto.com Visa Card — allow for similar spendability.

🔗 consensys.io/blog/metamask-mastercard-and-baanx-unveil-revolutionary-way-to-pay-with-crypto-pr

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