Cryptoday 1.12 | Decentralized insurance protocol Neptune Mutual raises $3 million, led by Animoca Brands
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Cryptoday 1.12 | Decentralized insurance protocol Neptune Mutual raises $3 million, led by Animoca Brands
The ultimate value of life lies in the ability to awaken and think, not merely in survival.
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Cryptoday is a daily news column by TechFlow, focusing not on "news" but on asset movements
The ultimate value of life lies in the ability to awaken and think, not merely to survive.
——Aristotle
Funding Updates
Data infrastructure solution Vybe Network raises $2.5 million in seed funding
Data infrastructure solution Vybe Network has announced the completion of a $2.5 million seed round co-led by Lemniscap, Alameda Research, and Sino Global Capital, with participation from Inscribed, SVC, Zokyo, Switchboard, and angel investors including Chris McCann.
Neptune Mutual raises $3 million in strategic funding led by Animoca Brands
Decentralized insurance protocol Neptune Mutual has announced the completion of a $3 million strategic funding round led by Animoca Brands, with participation from Pacific Century Group, Genesis Block Ventures, Fundamental Labs, GSR, and Cambium Grove Capital. Neptune Mutual aims to provide peer-to-peer risk management and insurance products using parametric insurance models for centralized virtual asset service providers, decentralized finance protocols, and the metaverse.
P2E trading card blockchain game Kingdom Karnage raises $2 million, backed by Animoca Brands
Cross-platform virtual collectible card blockchain game Kingdom Karnage has completed a $2 million funding round with participation from Animoca Brands, DFG, and Enjin. The development team, Kepithor Studio, has unveiled new GameFi mechanics aimed at accelerating the game’s adoption and expanding its player base. Kingdom Karnage is a play-to-earn (P2E) trading card game where users truly own their assets and can trade or use them within the game. The game has been in testing for over two years and joined Enji in November 2018.
Algorand-based GameFi platform Zone raises $2.35 million, with GSR among investors
Zone, a GameFi ecosystem built on the Algorand blockchain, has raised $2.35 million in funding from DAO Maker, GSR, Altonomy, Enjinstarter, SuperLauncher DAO, MH Ventures, ZBS Capital, Tag Ventures, and K300 Ventures. To date, Zone has raised a total of $4.35 million. Zone will launch its IDO on January 15. The platform has appointed Sebastien Borget, co-founder and COO of The Sandbox, and John Linden, CEO of Mythical Games, as advisors.
DeFi
Zenlink, Polkadot's cross-chain DEX protocol, goes live on Moonbeam and launches liquidity incentives
According to official announcements, Zenlink, Polkadot’s cross-chain DEX protocol, has officially launched on the Moonbeam network, enabling Web3 applications to be deployed simultaneously on both Kusama and Polkadot. As the first native cross-chain DEX on Moonbeam, Zenlink has launched a long-term liquidity incentive program for Moonbeam’s native token GLMR and assets bridged from other blockchains to Moonbeam.
dYdX plans to launch V4 by year-end, fully decentralizing the protocol
dYdX announced via its official Twitter that its primary goal is to release version V4 by the end of 2022. dYdX V4 will be fully decentralized, community-governed, and without any central components. No central party will receive transaction fees. Additionally, V4 will explore new features such as spot trading, margin trading, and other synthetic products; improved margin and collateral options; enhanced market structure and trading experience; and seamless integration of new trading markets.
NFT/GameFi
Creator-friendly NFT marketplace Formfunction launches on Solana mainnet
Formfunction, a creator-first NFT marketplace built on Solana, has officially launched on the Solana mainnet. As a 1/1 NFT marketplace on Solana, the platform places creators at the center of its design.
Other
Cross-chain interoperability protocol Axelar to launch mainnet in February
Cross-chain interoperability protocol Axelar has announced it will launch its public mainnet in February 2022. Upon launch, Axelar’s interoperability protocol will connect and support major blockchain networks including Ethereum, Cosmos, Terra, Moonbeam, Fantom, and Avalanche. Axelar will also release updates alongside an example application called Satellite, enabling developers to build interoperable decentralized applications on Axelar and their backends using new APIs and the Axelar SDK. Notably, Axelar previously announced a $25 million Series A round on July 15, 2021, led by Polychain Capital, with participation from Dragonfly Capital, Galaxy Digital, and angel investors including Do Kwon, co-founder of Terra.
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