Cryptoday 11.9 | Genopets, a Move-to-Earn game on Solana, will launch its public sale on November 18
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Cryptoday 11.9 | Genopets, a Move-to-Earn game on Solana, will launch its public sale on November 18
If you're very busy, apart from the possibility that you're genuinely important, it's more likely because: you're weak, you don't have anything better to do, your life is so poor that you have to work hard to compensate, or you're pretending to be busy to make yourself seem important.
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Cryptoday is a daily news column under TechFlow, focusing not on “news,” but on asset movements.
If you're busy, aside from the possibility that you're genuinely important, it's more likely because: you’re weak, you have nothing better to do, your life is so poor you must work hard to compensate, or you pretend to be busy to appear important.
—Steve Jobs
Funding Updates:
Neon Labs Raises $40 Million in Funding Led by Jump Capital
On November 9, Neon Labs, the team behind Neon—a project building an EVM development environment on Solana—raised $40 million in funding led by Jump Capital, with participation from Three Arrows Capital, Solana Capital, IDEO CoLab Ventures, and others. The fundraising was completed via token sale and will support expanding the Neon Labs team across research, development, marketing, and business development. Neon provides a software environment on Solana that enables developers to build applications using the EVM, including writing smart contracts in Vyper or Solidity.
Sarcophagus Raises $1.8 Million Through Token Sale, Led by Placeholder Ventures
Sarcophagus, a decentralized dead man’s switch application, raised $1.8 million through a token sale led by Placeholder Ventures. Greenfield One, Blockchain.com Ventures, Coral DeFi, Luis Iván Cuende (co-founder of Aragon), and Kain Warwick (founder of Synthetix) also participated. The funding was executed via a SARCO/USDC trading contract and will support further development of the project, including future L2 integration. Sarcophagus is a decentralized dead man’s switch built on Ethereum and Arweave, allowing users to upload files and designate private key recipients. If the user fails to perform a required action or after a set time expires, the recipient receives the private key to access the user’s files stored on Arweave. Use cases include wills and trusts, password recovery, and credential storage.
Blockchain WiFi Sharing Network Wicrypt Network Raises $1.5 Million, Led by AU21 Capital
Wicrypt Network, Africa’s first blockchain-based WiFi sharing network, has raised $1.5 million in funding led by AU21 Capital. Investors include Sandeep Nailwal (Polygon co-founder), Cardano’s Occam, Inclusion Capital, Outlier Ventures, Chain Capital, Pluto Digital Assets, Omega Ventures, N7 Labs, and PolkaFoundary.
DEX StackSwap Completes $1.3 Million Private Raise, Led by Stacks Foundation
StackSwap, a decentralized exchange and launchpad built on the Bitcoin network, has completed a $1.3 million private raise led by the Stacks Foundation, with participation from HashKey, Genesis Block Ventures (GBV), and SOSV. StackSwap plans to launch the first fully functional DEX operating on the Bitcoin layer in November. Its long-term vision is to become the largest DEX on the Bitcoin network. StackSwap is built on the Stacks protocol, which has raised over $93 million from institutions including Coinbase Ventures and Winklevoss Capital.
Blockchain Platform Telos Raises $8 Million, Led by John Lilic
The blockchain platform Telos has raised $8 million in funding led by John Lilic, an investor in ConsenSys and Polygon. The funds were secured ahead of the launch of Telos’ Ethereum Virtual Machine (EVM) platform and are backed by a group of five prominent crypto investors who plan to support Telos with their “deep industry connections and deal expertise” to accelerate exchange listings and DeFi initiatives. As part of the deal, investors received 1.7% of the total TLOS token supply. Beyond enhancing ecosystem liquidity, Telos intends to reinvest the newly raised capital into platform development and marketing, aiming to avoid reliance on TLOS token sales even during a prolonged bear market over the next year.
Solana-Based Lending Protocol Jet Protocol Raises $6.8 Million, With Participation from Paradigm
Jet Protocol, a lending protocol within the Solana ecosystem, has raised $6.8 million with participation from Paradigm, Reciprocal Ventures, Solana Capital, GSR, Three Arrows Capital, Ascendex, SkyVision Capital, and TPS Capital. The funds will help bring Jet’s protocol, governance, and scalable product vision into reality.
DeFi
Injective Canonical Chain Mainnet Final Phase Launched, Unrestricted Trading Enabled
Injective announced the final phase launch of the Canonical Chain mainnet, enabling unrestricted trading. Technically, the approval of Proposal #65 halted the Canary Chain at block 435200 on November 8 and initiated the application binary for the Canonical Chain instance. Injective validators updated their nodes to the latest binary and restarted the chain to implement on-chain parameter upgrades. The Canonical Chain introduces unrestricted transfers and trading on mainnet, improved tokenomics, seamless interoperability, a VIP fee discount program, and liquidity incentive programs.
Decentralized Perpetual Contracts Protocol Vigoss Launches Internal Test on Polygon
Vigoss, a decentralized perpetual contracts protocol developed by the ZeroOne team and deployed on Polygon, launched its internal test at 20:00 Beijing time on November 9, 2021. During the testing phase, perpetual contracts for Bitcoin and Ethereum will be supported. Users can participate in two ways: by providing liquidity to the USDC or DAI liquidity pools, or by engaging in perpetual contract trading for BTC/USDC, BTC/DAI, ETH/USDC, and ETH/DAI LP pools with up to 10x leverage.
Vigoss is a decentralized perpetual contracts product built on Polygon by the ZeroOne team, utilizing an automated virtual market-making model with multi-leverage support.
NFT/GameFi
Solana-Based Move-to-Earn Game Genopets to Conduct Public Sale on November 18
Genopets announced it will conduct a public sale on November 18 via Raydium, Impossible Finance, Bybit, and MECX. The public sale will offer 145,000 $GENE tokens—1.45% of the total supply—at $0.8 per token, valuing the fully diluted market cap of $GENE at $800 million. Genopets is a Move-to-Earn game built on Solana that rewards players based on real-world physical activity data. Last month, Genopets raised $8.3 million in a seed round led by Konvoy Ventures and Pantera Capital, with participation from Old Fashion Research, Alameda Research, Solana Capital, Xoogler Ventures, and Animoca Brands.
NBA Legend Tracy McGrady to Launch “Tmac Moment” NFT
Tracy McGrady, former NBA professional basketball player and NBA legend, will launch his “Tmac Moment” NFT on Binance NFT Marketplace.
Others
Celer Network’s Cross-Chain Payment Network cBridge 2.0 Upgraded Testnet Live, Mainnet Launch Scheduled for November
Celer Network has officially launched the upgraded testnet for cBridge 2.0, its cross-chain payment network. Based on user feedback from the first testnet version, the upgrade includes new features such as transaction fee rewards and enhanced CELR staking UI/UX. Users now benefit from more accurate pre-transfer fee estimates and the ability to consolidate available liquidity from multiple chains onto a single chain, significantly reducing operational costs when withdrawing funds. Additionally, Celer has launched a $20,000 incentive program for the new testnet. Furthermore, cBridge has undergone three independent audits, with no security vulnerabilities identified in either the Celer cBridge or SGN 2.0 smart contracts. Internal cross-team security reviews are currently underway, with the mainnet launch expected in November.
Public Blockchain Project Taraxa Launches Staking Functionality on Testnet
Taraxa, a public blockchain project, has launched staking functionality on its testnet. Users can connect third-party wallets to stake, with staking cycles lasting 30 days. Early participants will receive an airdrop of 5,000 TARA tokens. Currently, over 1.2 billion TARA tokens are staked across the network. Taraxa is a dedicated, high-speed, scalable, and device-friendly public ledger.
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