February 9: Web Foundation 3The company, which backs Polkadot as its main protocol, has announced funding support for Ideal Labs in creating a crypto network to the future (ETF). According to the team: “The funding is part of the Foundation’s Decentralized Futures Funding Program, backed by $20 million and $5 million. The ETF Network is an advanced Substrate-based blockchain network that leverages a unique consensus mechanism that focuses on publicly variable on-chain randomness and time locking.” “Encryption. This initiative is a crucial step towards addressing the challenges of secure deferred transactions.” {a point}
Zeitgeist for USDC Consolidation via Consensus Messaging (XCM)
February 9: Zeitgeista leading platform in decentralized prediction markets, announces its integration with USDC, according to the team: “USDC will be integrated via Cross Consensus Messaging (XCM). The development allows USDC to be easily transferred from two projects within the Polkadot ecosystem, HydraDX and Moonbeam, into Zeitgeist. This is more “More than just an event, it is a testament to Zeitgeist's ongoing commitment to the Polkadot ecosystem. By leveraging Polkadot's advanced technology framework and collaborative spirit, Zeitgeist continues to deliver innovative solutions in the prediction market arena.”
The Protocol Village is a regular feature of protocolour weekly newsletter that explores the technology behind cryptocurrencies, one block at a time. Register here Get it in your inbox every Wednesday. Project teams can send updates here. To view previous issues of Protocol Village, please go here. Please also check our weekly website protocol Podcast.
FuzzLand, Web3 Security company, raises $3M led by 1kx
February 8: FuzzLandFuzzLand, a Web3 analytics and security company, has closed a $3 million seed funding round led by 1kx with participation from HashKey Capital, SNZ, and Panga Capital. According to the team: “The funding will help accelerate research and development into automated solutions for smart contract analysis using dynamic analysis and distributed computing software.” FuzzLand aims Founded by Zhaofan Xu, Jeff Liu, and Kaushik Sen, the company aims to provide advanced vulnerability detection and analytics capabilities that go beyond traditional solutions.
Order Routing Protocol Flood Raises $5.2M Led by Bain Capital Crypto, Archetype
February 8: Flood, an order routing, management, and settlement protocol, has announced a $5.2 million seed funding round, co-led by Bain Capital Crypto and Archetype, with participation from Robot Ventures. According to the team: “Flood provides dApp developers with a set of tools to own and manage the full lifecycle of their application order flow. As the only decentralized exchange (DEX) currently on the market with operational hooks, the user experience allows traders to settle their transactions quickly while remaining seamless.” Within the Flood Ecosystem.”
Casper launches 16-second “Peregrine” patch, with cost reduction
February 8: Casper AssociationCasper Network, which supports proof-of-stake blockchain and smart contracts featuring the WASM code environment, sent the following message: “The Casper Network Peregrine update (v1.5.6) is a patch release that includes improvements and exciting new features for network operations. The important changes are: Reduced block times to 16 seconds, recovering 99% of unspent funds, and reducing operational code control costs, resulting in reduced contract minting and transportation costs. The Casper architecture is uniquely designed for continuous evolution, meeting the evolving requirements of its users, partners, and the projects it supports.”
Asia-Pacific-focused 'TON Bootcamp' accepts first 12 projects worth up to $500,000 each
February 8: Created in collaboration with Hashki, Toon training camp It has now accepted its first twelve projects, according to the team: “The Asia-Pacific-focused accelerator has allocated up to $500,000 to each of these teams, with selected projects that uniquely leverage blockchain technology within Telegram's Web3 ecosystem.” These projects will further embed TON's Web3 functionality within the existing Telegram platform and engage Telegram's more than 800 million monthly active users. The program reflects the TON Foundation’s commitment to the APAC region and the community as it looks to leverage Hong Kong’s industry-leading regulatory environment.”
Dtravel receives backing from Borderless Capital for peer-to-peer vacation rentals on DePIN
February 8: travel It says it has received “the backing and seal of approval from Borderless Capital with a strategic investment to support the DePIN peer-to-peer vacation rental (VR) ecosystem.” The partnership not only brings financial support, but also opens up a wealth of experience and networking opportunities, including access to “Borderless's DePIN wallet, which will support Dtravel in becoming a leading provider for the VR industry. The financing will pave the way for the next phase of growth with hundreds of thousands of operators, travelers and TRVL token holders engaging with the Dtravel ecosystem.”
Cornucopias, a massively multiplayer online role-playing game originally on Cardano and BSC, is expanding to the base
February 8: Abundancea massively multiplayer online role-playing game (MMORPG) originally on Cardano and BSC, is moving forward with a contract sale and partnership with the Ethereum Layer-2 network base, according to the team: “Currently in pre-alpha, the platform has already successfully Securing over 50,000 users after successful launches on both Cardano and BNB Smart Chain. Developed using Unreal Engine 5, this expansion now allows players within the Eth ecosystem to experience Cornucopia’s superior graphics and immersive gaming experiences. Not only node sale participants will receive Cornucopias' native token, COPI, is now also able to handle and transact with the platform's digital assets.
Transak, On-Ramp Solution, moves to Hong Kong after fundraising
February 8: practical, a cryptocurrency solution, “is expanding into the Asia-Pacific region with a new entity in Hong Kong, aiming to leverage the city’s status as a financial center and its regulatory framework for cryptocurrencies,” according to the team. “This move comes on the heels of a Series A funding round led by CE Innovation Capital. Transak plans to integrate local payment methods and adhere to Hong Kong regulatory standards to simplify Web3 accessibility. The company’s global operations highlight its commitment to regulatory compliance. In addition, it has joined Transak to Web3 Harbor to enhance cooperation in the Asia-Pacific Web3 ecosystem.”
