ChainCatcher news, Ethereum Layer 2 solution Kroma has completed its Series A funding, with the specific amount not disclosed. This round of financing was participated by Asia Advisors Korea, Gate Ventures, ICC, Planetarium, Presto, RFD Capital, and others.This funding will drive Kroma's mission to make Web3 more accessible through advanced Layer 2 solutions powered by Kroma's zk proof library Tachyon. Kroma aims to make Web3 more accessible through intuitive and gamified real dApps.

ChainCatcher news, Gate.io's venture capital arm Gate Ventures has announced a partnership with the Abu Dhabi Blockchain Center, a global Web3 technology hub, to launch the Falcon Gate Ventures fund, which will amount to $100 million, aimed at driving innovation in the Web3 space over the coming years. This collaboration is intended to support Web3 developers who are focused on leading change in the digital age, while showcasing Gate Ventures' global vision and strategy.Falcon Gate Ventures is dedicated to developing decentralized infrastructure and applications, and promoting the widespread adoption of cutting-edge technologies. It will support high-potential projects globally, with a focus on technological innovation in the Middle East, Asia, the United States, and other key regions. The fund plans to drive the growth of the global Web3 ecosystem, promote economic development, and solidify the UAE's position as a hub for the international digital economy. Additionally, Falcon Gate Ventures will work closely with international regulatory bodies to establish a regulatory framework that balances innovation and security.Gate Ventures partner Kevin Yang stated that Falcon Gate Ventures is an important initiative by Gate to promote global blockchain innovation, and it will collaborate with the Abu Dhabi Blockchain Center to invest in the digital future and support innovative ideas worldwide.

ChainCatcher news, the RGB protocol infrastructure Bitlight Labs announced on social media that it has completed its seed round financing, led by Gate Ventures and HV Capital, with participation from MH Ventures, Fundamental Labs, Oak Grove Ventures, Waterdrip Capital, and others.It is reported that Bitlight Labs expects to launch on the Bitcoin mainnet and Lightning Network within a few weeks, issuing the BIT token based on the RGB20 standard, covering the entire Bitlight application ecosystem and promoting a sustainable token economy. By introducing the token, Bitlight Labs will leverage RGB smart contracts to build a Turing-complete native Bitcoin asset issuance and decentralized finance (DeFi) system to promote the development of the Bitcoin Lightning Network ecosystem. It is reported that the BIT token Season 1 Airdrop is about to start.