Cryptoday 12.09 | Whydah, a Vietnamese blockchain gaming platform, has secured $25 million in funding, with participation from Hashkey and others.
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Cryptoday 12.09 | Whydah, a Vietnamese blockchain gaming platform, has secured $25 million in funding, with participation from Hashkey and others.
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Funding Updates
Paradigm closes $35 million Series A round led by Alameda Ventures and Jump Capital
On December 9, institutional liquidity network Paradigm announced it has completed a $35 million Series A funding round, bringing its valuation to $400 million. The round was co-led by Alameda Ventures and Jump Capital, with participation from Genesis Trading, QCP Capital, Nexo, Optiver US, IMC, GSR Markets, Akuna Capital, Babel Finance, MGNR, Avon Ventures, CMT Digital, and executives from Goldentree Asset Management and Amber Group. Previous seed investors Dragonfly Capital, Digital Currency Group, Vectr Fintech Partners, and Mirana Ventures also participated.
Vietnamese blockchain gaming platform Whydah raises $25 million, with Hashkey among investors
On December 9, Vietnamese blockchain gaming platform Whydah announced it has raised $25 million in funding from investors including Hashkey, Eternity Ventures, Bitscale, Youbi, Morningstar Ventures, Kardia Ventures, Formless Capital, Axia 8 Ventures, Polkastarter, Good Guild Game, and Mask Network. Whydah is currently collaborating with seven major game studios in Vietnam and plans to establish a gaming application center for Vietnamese developers, bringing their best ideas onto blockchain platforms and driving the development of Vietnam’s and Southeast Asia’s blockchain industries.
NFT game PlatoFarm raises $1.8 million in seed round, backed by Block Venture and others
On December 9, multi-chain blockchain and NFT game PlatoFarm announced it has completed an $1.8 million seed funding round. Investors include BlockVenture, Chronos, Cipholioop, Web4Venture, OPCrypto, Formless, K&RLimited, and ZBSCapital. PlatoFarm is a multi-chain blockchain and NFT game supporting ERC-1155 and HRC-721 token protocols. (Bitcoinist)
Forward Protocol raises $1.2 million in seed and private rounds, AU21 among investors
On December 9, Web3 infrastructure developer Forward Protocol announced it has closed a $1.2 million seed and private funding round. Participants include Bitcoin.com, CVVC, AU21, X21, GDA Capital, MEXC, Stakez Capital, Magnus Capital, MarketAcross, Basics Capital, CRT Capital, Polygon Studios, Master Ventures, BlackDragon, Tokenova, Lotus Capital, NFT Technologies, Darkpool Capital, Octopus Capital, ZBS Capital, IBC Group, Polygon Syndicate, Oracles Investment Group, Marathon Capital, Cuan Ventures, Ardura Capital, Utopian Capital, and Polygon. Forward Protocol aims to build a Web3 toolkit for value-driven economies.
Open-world social game Sipher completes public token sale, raising $44 million
On December 9, open-world social game Sipher announced the successful completion of its public token sale, raising $44 million (9,950.1314 ETH) from 13,159 investors. The expected token price is 0.00024 ETH (approximately $1.10). SIPHER is an Ethereum-based casual fighting and exploration game with the ultimate goal of creating open-world social experiences. Previously, on October 26, it announced a $6.8 million funding round led by Arrington Capital, Hashed, and Konvoy Ventures, with participation from Defiance Capital, Signum Capital, Dragonfly Capital, Alameda Research, Fenbushi Capital, Sfermion, Hyperchain, GBV, Kyber Network, Coin98 Ventures, YGG, and Merit Circle.
DeFi platform Hawksight raises $4.2 million
On December 9, DeFi platform Hawksight announced it has raised $4.2 million in funding. The round was co-led by Solana Ventures and Terraform Labs, with participation from SOLBigBrain, Bybit Official, Gate, NGC Ventures, SolarEcoFund, Oneblock Capital, and PetRock Capital.
Voltz announces $6 million seed round, with Coinbase Ventures among investors
On December 9, non-custodial automated market maker Voltz announced it has closed a $6 million seed funding round led by Framework Ventures, with participation from Fabric Ventures, Coinbase Ventures, Amber Group, Wintermute, Robot Ventures, Mgnr, Entrepreneur First, Backed, NEMO, Stani from Aave, Kain from Synthetix, David and Ryan from Bankless, Julian Koh from Ribbon, and Alan Howard Family Office.
DeFi
Decentralized exchange CrownSwap passes Certik security audit
It was reported that decentralized exchange CrownSwap has passed a code audit by U.S.-based security auditor Certik. CrownSwap features a pioneering single-sided liquidity provision mechanism, an innovative economic incentive model, and a mature technical team. Since launching its V2 version, its daily trading volume has exceeded $17 million.
PeanutSwap PN computing cluster to undergo another production reduction
According to official announcements, PeanutSwap will reduce mining output of its PN computing cluster by 5% on December 18, Washington D.C. time, conducting its fifth token burn—completely burning 1 million PN tokens held by the technical team. On December 9, Washington D.C. time, 1,000,000 tokens were already burned, verifiable via the burn address, bringing the total burned amount to 2,521,392 PN. PeanutSwap is an autonomous service platform aiming to build a decentralized, transparent, and egalitarian exchange accessible to all.
NFT
NFT studio Eterlast partners with Layer 2 solution Immutable X
On December 9, NFT studio Eterlast announced a partnership with Immutable X, a leading NFT-focused Layer 2 solution, to create NFTs featuring sports, music, and art celebrities.
FreeRoss DAO acquires Ross Ulbricht's NFT for $6.2 million
On December 9, FreeRoss DAO acquired the first NFT collection by Silk Road founder Ross Ulbricht for 1,446 ETH, approximately $6.2 million. Earlier, it was announced that Ross Ulbricht planned to auction his NFT collection, RossUlbrichtGenesisCollection, on SuperRare from December 2 to 8.
Others
Rangers Protocol, an Ethereum EVM-compatible blockchain infrastructure, announces mainnet launch
On December 9, Rangers Protocol announced its mainnet officially launched on December 7, fully supporting developers and users in deploying NFTs and complex applications as well as enabling cross-chain NFT functionality. Core technologies Rangers Engine and Rangers Connector are now operational in supporting EVM compatibility and cross-chain NFT features. Additionally, comprehensive developer documentation has been released, significantly simplifying dApp development processes. Rangers Protocol is a metaverse blockchain infrastructure—a high-performance engine designed for complex development and data migration. Fully compatible with Ethereum, it specializes in NFTs and complex applications, integrating and extending cross-chain, NFT, EVM, and distributed network protocols.
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