Cryptoday 11.29 | ZK Rollup scaling solution StarkNet Alpha goes live on Ethereum mainnet
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Cryptoday 11.29 | ZK Rollup scaling solution StarkNet Alpha goes live on Ethereum mainnet
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Funding Movements
DeFi Aggregator XY Finance Completes $12 Million Funding Round
According to official announcements, DeFi aggregator XY Finance has completed a $12 million funding round led by Circle, Infinity Ventures Crypto, Mechanism Capital, Morningstar Ventures, YGG (Yield Guild Games), Animoca Brands, MEXC Global, TRON Foundation, gCC, Lemniscap, Evernew Capital, PANONY, Axia8, and Looksrare.vc, among others—including exchanges, venture capital firms, research companies, GameFi DAOs, and game developers. The new funds will be used to explore areas such as DeFi, NFTs, and GameFi.
Decentralized Insurance Protocol Neptune Mutual Raises $1.75 Million in Seed Round
On November 29, it was reported that multi-chain decentralized insurance protocol Neptune Mutual has completed a $1.75 million seed round led by Fenbushi Capital, with participation from Coinbase Ventures, Huobi Ventures, OKEx Blockdream Ventures, GravityX, Hex Trust, Baboon VC, NVC Partners, and Alphabit Digital Currency Fund.
NFT Marketplace Unicly Secures $10 Million in Funding
On November 29, NFT marketplace Unicly announced it has raised $10 million in funding led by Blockchain Capital and Animoca Brands, with participation from Ascensive Assets, 3Commas Capital, and Morningstar Ventures. Unicly launched its mainnet earlier this year, and the new capital will support the rollout of Unicly v2.
NFT Strategy War Game KingdomX Raises $2 Million, Backed by DAO Maker
NFT strategy war game KingdomX has completed a combined seed and private sale funding round totaling $2 million, with investments from LD Capital, DAO Maker, and others. KingdomX is a blockchain-based strategy war game where players can earn tokens through gameplay. Players can battle, collect items, and build their own kingdoms, all within an ecosystem designed around GameFi protocols.
DeFi
Crypto.com Lists BENQI Native Token QI
Cryptocurrency exchange Crypto.com has announced the listing of QI, the native token of Avalanche's DeFi lending protocol BENQI. Users can now purchase QI using USD, EUR, GBP, and over 20 fiat currencies. BENQI operates as a lending protocol on Avalanche, and QI serves as its governance token, enabling users to participate in network governance and earn rewards for providing liquidity and staking.
Penguin Finance to Launch BooFinance (BOOFI) Iceberg Staking via Club Penguin DApp
Penguin Finance announced that BooFinance, the next-generation yield farming DApp exclusive to Avalanche, will distribute its tokens through the Club Penguin DApp. By launching an "Iceberg" staking pool on the platform, the team aims to engage active users with the BOOFI token, which is essential for earning Cauldron rewards, staking, and acquiring Boo NFTs. The Iceberg staking event begins at 20:00 UTC on November 29, with BOOFI rewards going live at 04:00 UTC on November 30. The Iceberg will melt four days later, at 04:00 UTC on December 3. Earlier reports confirmed that Penguin Finance (PeFi) has officially joined the Avalanche Rush initiative, receiving $2.5 million worth of AVAX to support its Layer-2 yield farming "Igloos" and the Penguin Emperor game.
NFT/GameFi
Decentralized Cross-Chain NFT Platform NFTrade Integrates Tezos
On November 29, decentralized cross-chain NFT platform NFTrade announced integration with Tezos, leveraging Tezos' low fees and fast transaction speeds to enable users and developer teams to easily create, buy, sell, and peer-to-peer swap NFTs with just one click.
Gala Games to Deploy $1 Billion in South Korea for Game Development
Jason Brink, President of blockchain gaming company Gala Games, announced that Gala Games will deploy $1 billion in South Korea for game development. Gala Games aims to build a decentralized gaming social platform, planning to launch multiple games across various blockchains with diverse genres, establishing the Gala Games ecosystem. GALA tokens are primarily used to purchase NFT in-game items.
Others
ZK Rollup Scaling Solution StarkNet Alpha Goes Live on Ethereum Mainnet
StarkWare's ZK Rollup scaling solution, StarkNet Alpha, has officially launched on the Ethereum mainnet. StarkNet Alpha supports general-purpose smart contracts and composability with other StarkNet contracts, as well as Ethereum L1 contracts via L1<>L2 messaging. It currently operates in Rollup mode, with all state difference data posted on-chain. In the coming weeks and months, the team plans to upgrade the Alpha with improvements to contract upgrade mechanisms, fee models, and the addition of system call functionality.
SocialFi Platform Monaco Planet, Backed by Three Arrows Capital, Launches Beta Version
The beta version of SocialFi platform Monaco Planet, backed by Three Arrows Capital and IMO Ventures, has officially launched. Access is granted to holders of the yachtNFT or those invited by existing users. Ownership and governance of Monaco Planet are community-driven, and the platform introduces a "write-to-earn" model, treating content creation as a form of mining. Active content creators and discussion participants will be rewarded with the platform’s native token, MONA.
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