ChainCatcher news, according to Fortune, the blockchain financial services application Predicate announced the completion of a $7 million funding round, with participation from Tribe and 1kx. The company plans to launch its product this week and will operate under a decentralized philosophy.Predicate is a startup founded by two alumni of the blockchain Celo, aiming to connect blockchain applications with the financial world. It is reported that the company declined to discuss plans for launching a token.

ChainCatcher news, according to crowdfundinsider, Layer has completed a $6 million seed round financing, led by 1kx, with participation from Fabric Ventures, Arrington Capital, and IOBC. Angel investors include Sreeram Kannan from EigenLayer, Rok Kopp and Mike Silagadze from Ether.fi, and former BlackRock employee Paul Taylor.Layer utilizes Web Assembly, allowing developers to write applications in languages like Rust that can run anywhere - even on iPhones. Layer's upcoming product "Layer SDK" enables developers to build new layers on top of Ethereum, running full-stack blockchain applications, including smart contracts, consensus mechanisms, UI, and verifiable off-chain services.

ChainCatcher news, the decentralized content delivery platform Mawari's DePIN network Mawari Network has announced the completion of a $10.8 million strategic financing round, led by Anfield LTD, Borderless Capital, and 1kx, with participation from Accord Ventures, Animoca Brands Japan, Blockchange Ventures, Draper Dragon, iAngels, Mulana Ventures, Parami Investors, Samsung Next, and Waldo Holdings, as well as angel investors Ivan Brightly, Joshua Frank, Pete Townsend, and Sean Carey.This round of strategic financing brings Mawari's total funding to $17.3 million. Mawari plans to launch on the Solana mainnet in the first quarter of 2025 and will conduct a node license sale in the fourth quarter of this year to expand its infrastructure.It is reported that the project currently serves 40 clients, including global brands such as T-Mobile, Netflix, and BMW, with an average annual revenue of approximately $1.5 million. Mawari focuses on real-time 3D content rendering and streaming, supporting VR, AR, and XR devices, and has obtained 3 patents, with another 11 pending.

ChainCatcher news reports that, according to Ember monitoring, following Binance's announcement of the launch of the RPL contract, the price of RPL surged by 28%. The investment firm 1kx took this opportunity to sell 200,000 RPL, worth approximately $2.38 million. Data shows that 1kx has been frequently selling RPL through Amber Group recently.In the past 12 days, the firm has transferred a total of 313,737 RPL (about $3.71 million) to Amber Group addresses, and these tokens subsequently entered Binance. As an investor in Rocket Pool, 1kx received an allocation of 570,393 RPL in December 2021 and staked all the tokens to Rocket Pool nodes in 2023.Currently, 1kx still has 315,835 RPL (about $3.63 million) in a staked status.

ChainCatcher news, the encryption hardware startup Fabric Cryptography has completed a $33 million Series A funding round, led by Blockchain Capital and 1kx. Offchain Labs, Polygon, and Matter Labs also participated. The project previously raised $6 million in a seed round led by Metaplanet.The company stated that the new funds will be used to "build computing chips, software, and cryptographic algorithms." At the core of Fabric's roadmap is the development of a new processing unit called the "Verifiable Processing Unit (VPU)," which will be specifically designed for handling cryptographic technologies.

ChainCatcher news, according to The Block, modular smart account developer Rhinestone has completed a $5 million seed round financing, led by 1kx. CoinFund, Lattice, Heartcore, and Yuan Ventures also participated.It is reported that Rhinestone is building a platform to create a secure ecosystem for smart account modules and to enable permissionless wallet innovations. Rhinestone will allow any developer to build a smart account module that can be paired with front-end components, enabling users to easily install, remove, or replace their accounts. Previously, Rhinestone was selected as one of the 18 projects in the Ethereum Foundation's ERC-4337 account abstraction grant round.

ChainCatcher news, according to Chainwire, the open-source block explorer Blockscout has announced the completion of a $3 million seed round financing, led by 1kx, with participation from Primitive Ventures and Gnosis. Angel investors include Evan Van Ness, Alex Svanevik, Kartik Talwar, Anton Bukov, and Stefan George. Blockscout plans to use this funding to further build its product suite and improve user experience, such as integrating social elements and AI-supported tools directly into the dashboard. It will also be used to streamline the deployment of its Explorer-as-a-Service, supporting new projects seeking EAAS customization, and deepening engagement with existing chains, providing customizable data for those who need it.It is reported that Blockscout is an open-source block explorer suitable for all EVM-based chains. Blockscout has been running on over 600 networks, featuring a powerful interface for searching blocks, transactions, accounts, and tokens, and providing developers with tools including smart contract verification and access to a suite of optimized APIs. The newly built DAppscout marketplace within Blockscout offers a secure environment for the discovery, exploration, and interaction of decentralized applications.

ChainCatcher news, MMO game Cambria announces the completion of a $2.5 million seed round financing, led by 1kx and BITKRAFT Ventures, with participation from Delphi Ventures co-founder Piers Kicks, Hype Investments founder hype, Delphi Ventures co-founder Tommy, BACKED co-founder Alex Brunicki, and others.The raised funds will be used to create an "MMO" online game inspired by Runescape, featuring large-scale on-chain betting.It is reported that Cambria's first mini-game, Cambria: Duel Arena, has seen over 700,000 battles on Blast in about 3 months, with stakes exceeding $88 million, all fully managed on-chain.According to the Web3 asset data platform RootData, Cambria is a risk-oriented MMO game inspired by Runescape, featuring massive on-chain betting. In the game's first iteration, Gold Rush, players must engage in both economic and real-time PvP to acquire Blast Gold and ETH, competing fiercely for dominance in the game.

ChainCatcher news, according to Bloomberg, cryptocurrency venture capital firm 1kx has raised $75 million for its new fund, which has received investments from venture capitalists Marc Andreessen, Accolade Partners, and Galaxy Digital.1kx founding partner Lasse Clausen stated in an interview that Chris Dixon, a partner at Andreessen Horowitz, is also one of the limited partners in the fund, and Accolade is the main investor in the new fund. 1kx focuses on areas including consumer-facing crypto applications. The new fund has made about five investments but has not disclosed the names of the startups it supports.

ChainCatcher news, focusing on digital art NFT, the decentralized autonomous organization BottoDAO announced the completion of a $1.67 million financing round, led by 1kx, with participation from Collab+Currency and Variant Fund. This financing was conducted through Treasury OTC transactions.BottoDAO is currently building a community-managed decentralized and autonomous artist community. The new funds will be used to increase R&D efforts to enhance Botto's agency, autonomy, and decentralized governance, while also expanding Botto's influence and developing cross-media creation and learning capabilities to build artistic intent.

ChainCatcher news, the privacy-focused modular blockchain developer Inco announced the completion of a $4.5 million seed round financing and the launch of its first testnet, Gentry. This round of financing was led by 1kx, with participation from Circle Ventures, GSR, Polygon Ventures, Robot Ventures, Alliance DAO, and zkSync developer Matter Labs.Inco founder Remi Gai stated that this round of financing adopted a structure of Simple Agreement for Future Equity (SAFE) plus token warrants, but declined to disclose the valuation. Inco was established last August with the aim of bringing privacy protection to decentralized applications. It can be compared to modular blockchain projects such as Celestia and Lava, which focus on data availability and data access, respectively, while Inco focuses on privacy protection. Inco utilizes fully homomorphic encryption technology to maintain the confidentiality of on-chain data while being auditable. Inco plans to release its second testnet, Paillier, between the second and third quarters of this year, with the mainnet expected to launch in the fourth quarter.

ChainCatcher news, blockchain security company FuzzLand announced the completion of a $3 million seed round financing, led by 1kx, with participation from HashKey Capital, SNZ, and Panga Capital. FuzzLand stated that this funding will help accelerate the development of automated solutions for smart contract analysis using dynamic analysis and distributed computing software.

ChainCatcher news, according to The Block, the institutional staking platform Kiln announced the completion of a $17 million financing round, led by 1kx, with participation from IOSG Ventures, Crypto.com, Wintermute Ventures, KXVC, LBank, and existing investors.It is reported that the new funding will be used to finance Kiln's global expansion, including developing its regional division by establishing an Asia-Pacific (APAC) headquarters in Singapore in the first quarter of 2024, as well as further developing its products by expanding its platform to incorporate various reward mechanisms within DeFi.

ChainCatcher news, Web3 infrastructure web3mine announced the completion of a $6 million seed round financing, led by 1kx, with participation from PL Ventures and several angel investors.It is reported that web3mine aims to enable the world to collectively coordinate capital and hardware, building open, high-performance, and resilient computing infrastructure for everyone. The liquid staking solution provided by web3mine for the Filecoin network is the first among many solutions: the team is expanding its service offerings to serve other web3 utility networks.

ChainCatcher news, according to Chainwire, the NFT perpetual contract trading platform nftperp announced the completion of a $3 million Series A funding round. This round was led by 1kx, with participation from Maven 11, Mechanism Capital, and angel investors Spencer from Spencer Ventures, Gmoney, David Choi from MetaStreet, Nick Emmons from Upshot, and Jonathan Gabler from NFTfi.

ChainCatcher news, the Web3 social platform Seam Social has completed a $2.5 million seed round financing, led by 1kx, with participation from Seed Club Ventures, Sfermion, F7 Ventures, Social Graph Ventures, and others. The funds raised will be used to establish a marketplace, attract developers to create new mini-apps, launch a mobile application, and expand the team to create customizable and user-owned social media.It is reported that the Seam platform was founded by former Meta engineer Nick Confrey in 2022, allowing users to create custom profiles, add close friends, and share life updates. Seam is responsible for hosting the marketplace for user-created mini-apps, themes, and templates, where users earn Seam points and can use them for profile customization by unlocking mini-apps created by friends.

ChainCatcher news, the modular account abstraction project Rhinestone has announced the completion of its Pre-Seed funding round, with participation from 1kx, Safe, Lattice, Heartcore, Calvin Lui (Chief Strategy Officer of EigenLayer), Georgios Vlachos (Co-founder of Axelar), and Waikit Lau (Lau Ventures). Rhinestone did not disclose the specific amount of funding.Rhinestone is building a platform to create a secure ecosystem for smart account modules and to enable permissionless wallet innovations. Previously, Rhinestone was selected as one of the 18 projects in the Ethereum Foundation's ERC-4337 account abstraction funding round.

ChainCatcher news, according to official sources, the GameFi platform Citadel has completed a $3.3 million seed round financing, led by 1kx, with participation from Shima Capital, Hashed, Matchbox DAO, Ready Player DAO, and several angel investors. The funds from this round will be used to expand the team to continue developing the protocol.Citadel is currently an Ethereum-based GameFi platform aimed at creating a vibrant and persistent world for players, built on an open-source modular core platform created by players.

ChainCatcher news, Modulus Labs announced the completion of a $6.3 million seed round financing, led by Variant and 1kx, with participation from Inflection, Bankless, Stanford, and others. Angel investors include the Ethereum Foundation, Worldcoin, Polygon, Celestia, and Solana. This funding will be used to help develop Modulus products.It is reported that Modulus utilizes ZKML combined with AI model's ZK proofs, with the key point being to use zero-knowledge proofs to demonstrate that the AI model is executed correctly.