Cryptoday 11.10 | GameFi platform and Polkadot-based NFT marketplace Pacific secure millions of dollars in funding, with NGC Ventures among investors
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Cryptoday 11.10 | GameFi platform and Polkadot-based NFT marketplace Pacific secure millions of dollars in funding, with NGC Ventures among investors
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Funding Updates
GameFi Platform and Polkadot-Based NFT Marketplace Pacific Raise Millions in Funding, Backed by NGC Ventures and Others
The GameFi platform and Polkadot-based NFT marketplace Pacific has announced the completion of a multi-million-dollar funding round. Key investors include Candaq, NGC Ventures, Krypital Group, Gate Labs, Dealean Capital, Cabin VC, Waterdrip Capital, PAKA, Kernel Ventures, Litentry Foundation, Bitmart, ZB Capital, ZT Global, CatcherVC, R8 Capital, 7 O’Clock, WebX, IOBC Capital, VEGA Ventures, WTMC, and DefinanceX. Additionally, the project has attracted industry figures such as Shenyu (God Fish) and community organizations and institutions from regions including South Korea, the Middle East, Europe, Indonesia, the Philippines, Vietnam, India, and Australia, such as Cobak, Mag-Net, NewTribe Capital, Oracles Investment Group, Dutch Crypto Investors, Cryptonesia, Exnetwork, Altcoin Buzz, DeltaHub, and Kangaroo Capital. Pacific is an aggregated NFT marketplace and comprehensive GameFi asset management platform compatible with underlying systems like Ethereum, Binance Smart Chain, and Heco. It previously received a grant from the Web3.0 Foundation’s eighth funding cycle. The platform offers one-stop GameFi asset management services, including custody, lending, and trading. Pacific has established strong partnerships in countries like Nepal and India and plans to collaborate with local governments to explore how GameFi can improve living standards for low-income populations, supporting the organic development of the metaverse and GameFi industries.
NFT Social Platform Pulsr Raises $2 Million
Pulsr, an NFT social platform focused on price discovery, has raised $2 million in funding. Investors include Spartan Group, The Sequoia Fund, FutureFund, Anthony Pompliano, and Mason Borda, CEO of TokenSoft. Pulsr is set to launch on November 11 and will use the funds to develop AI-powered search, wallets, and tokens for NFT curation.
Programmable Credit Protocol Spectral Raises $6.75 Million
Spectral, a programmable credit protocol, has announced the completion of a $6.75 million funding round led by Polychin Capital. Galaxy Digital, Social Capital, ParaFi Capital, Edge & Node Ventures (The Graph), and Meta Purse Ventures also participated. Spectral is building infrastructure for assessing credit risk in Web3. Its first product is an on-chain credit score, offering lenders improved mechanisms to evaluate borrower risk while giving users full control over their blockchain identities and pseudonymity.
Themis Completes $2 Million Strategic Private Placement
Lending protocol Themis has completed a $2 million strategic private placement round, with participation from DAO Maker, NfX, Chain Financial, LD Capital, and other investors. The funds will be used to deploy a Uniswap v3-compatible protocol enabling NFTs to be borrowed, used, and accepted as collateral. Themis is scheduled to fully launch later this year.
DeFi
Lending Protocol Aave to Deploy on Solana
Stani Kulechov, CEO of decentralized lending protocol Aave, tweeted that Aave is preparing to deploy on Solana. He noted that version V3 might prioritize Layer 2 deployment, though final decisions will depend on governance voting.
Proposal to Burn 88.675 Million LUNA to Mint at Least 3 Billion UST Passes, Execution to Be Completed Within Two Weeks
The proposal initiated by Terra co-founder Do Kwon—to burn 88.675 million LUNA tokens to mint at least 3 billion UST—has passed. So far, 520,000 LUNA have already been burned, with 16.5 million UST minted. The remaining burning and minting will proceed according to schedule and be completed within two weeks.
The newly minted UST will go into the community pool. Once Terra’s ecosystem insurance protocol Ozone launches, the community will decide via a separate proposal how much funding to allocate to Ozone. Proposal 44 initially suggested allocating $1 billion. Do Kwon stated that this transaction will generate significant fee revenue, potentially increasing Luna staking yields by 10%.
Multi-Chain Wallet XDEFI Postpones IDO to November 15
Multi-chain wallet XDEFI Wallet has announced the postponement of its planned Initial DEX Offering (IDO) on SushiSwap MISO from November 10 to November 15 at 14:00 UTC. The IDO will last 24 hours with a sale price of $0.65 per token. XDEFI Wallet has already concluded its whitelist campaign.
NFT/GameFi
NFT Aggregator Genie Opens Beta Test Invitations
NFT marketplace aggregator Genie has opened beta test invitations. The beta version features two products: GenieSwap, an aggregator allowing users to route transactions to optimal markets including OpenSea, Rarible, and NFTX; and GenieList, which enables listing multiple NFTs from OpenSea, currently supporting only ERC-721 tokens.
Pudding Launches NFT Trading Cards, Pre-Sale Begins November 11
Pudding Swap has officially launched pre-sales for its "Pudding Food Empire" NFT mystery boxes. A total of 300 mystery boxes are available, each priced at 3,500 PUD. These boxes contain eight unique "Super Chef" character NFT cards. Users can stake these NFT cards to boost yield in liquidity pools. Future updates will allow users to engage in "chef profession"-based pudding-making activities to earn rewards, with additional features like raw material NFTs, kitchen tool NFTs, cooking battle modes, and a food plaza NFT marketplace to follow.
Others
Layer 2 Infrastructure Protocol Metis to Launch First Mainnet Version with EVM Equivalence Next Week
Layer 2 infrastructure protocol Metis will launch its first mainnet version, Andromeda, during the week of November 15, alongside a $100 million ecosystem fund dedicated to blockchain projects joining the Metis ecosystem. This fund is launched through Genesi, a decentralized autonomous company (DAC) formed by Metis and six investor partners, including Digital Finance Group and Master Ventures. Funds will be allocated to projects across verticals such as DeFi, gaming, and DAOs. The Metis Layer 2 mainnet will feature EVM equivalence, enabling seamless migration of Ethereum DApps to Metis Layer 2. Additionally, Metis will offer no-code middleware—smart contract templates—to simplify Layer 2 migration.
Cosmos Announces Vega Upgrade; All Cosmos Hub Validators Must Join Testnet
Cosmos has announced the upcoming Vega upgrade, requiring all validators and node operators to participate in the testing process. The Vega upgrade includes various version updates to ensure the security of core components relied upon by the Cosmos Hub, such as the Cosmos SDK, Tendermint Core, and IBC. These updates will help prevent consensus errors and improve efficiency through features like fee optimization and voting delegation. The Vega upgrade is critical for enhancing the performance of the Cosmos Hub and ensuring smooth future upgrades.
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