ChainCatcher news, the privacy-first social protocol Rarimo has announced the completion of a $2.5 million Vision round funding, specifically for founders. Ethereum co-founder Vitalik Buterin, Celestia co-founder Nick White, RiscZero co-founder Brian Retford, Gnosis co-founder Stefan George, Aleo co-founder Alex Pruden, Monad co-founder Keone Hon, Aztec co-founder Zac Williamson, Arnaud Schenk, Aztec co-founder and Zcash contributor Ariel Gabizon, Alpen Labs founder Liam Eagan, Polygon Zero co-founder Daniel Lubarov, and Distributed Labs co-founder Pavel Kravchenko are among the project founders participating in the investment.According to the Web3 asset data platform RootData, Rarimo is a protocol that enables the interoperability of assets, identities, and dApps across multiple chains, making it easier to operate across different chains, allowing users to perform actions such as transferring tokens, staking tokens, and providing cross-chain proof of ownership. The project is developed by Rarify Labs.

ChainCatcher news, according to CoinDesk, Japanese social media giant Line plans to launch 30 blockchain-based mini Dapps (decentralized applications) early next year, covering gaming, social, DeFi, and AI chat features, with plans to expand the total to 150 by the end of the first quarter.This move aims to provide more blockchain services for its 196 million active users, drawing on Telegram's successful experience in Web3 gaming. Line has previously ventured into NFTs but failed to gain popularity due to user experience and interface design issues; this time, it will refocus through blockchain games and practical features.

ChainCatcher news, Web3 social media Socrates announced on the X platform that it has officially surpassed 1 million registered users just 8 days after its launch. Yesterday, the platform added over 70,000 new users, with active users reaching 120,000.It is reported that Socrates is a social media platform that combines Web2 and Web3, advocating for the dialectical nature of all information. Named after "Socrates," its core spirit encourages people to view the world dialectically.

ChainCatcher news, Farcaster co-founder Dan Romero stated, "The team currently consists of 14 members and will be divided into 3 groups: responsible for protocol, cryptocurrency, and social respectively. In terms of protocol, we will build and migrate to Snapchain to expand the protocol and provide a new FIP for FC Connect. In the cryptocurrency area, as part of Frames v2, we are working to improve the transaction user experience. In the social aspect, we will continue to improve application performance, channel iteration, and user experience."

ChainCatcher news, according to DL News, the stock price of Toronto-based blockchain company Bluesky Digital soared in November, as investors may have mistakenly associated it with the social media platform Bluesky. Since Donald Trump's election on November 5, Bluesky Digital's stock price has surged from $0.06 to $0.56, an increase of approximately 833%.A portfolio manager stated that the rise in stock price "may be due to the confusion caused by the name of the social media platform."

ChainCatcher news, British and American social media celebrity, businessman, and former professional kickboxer Andrew Tate (@Cobratate) announced that he will follow up with the purchase of $1 million in Bitcoin every time MicroStrategy buys Bitcoin.Although he claims he cannot compare to MicroStrategy's purchase volume, he revealed that he already owns millions of dollars in Bitcoin, far exceeding what he needs. He emphasized that this is a cultural symbol, so every time MicroStrategy makes a purchase, he will increase his holdings by $1 million in Bitcoin.

ChainCatcher news, according to the Financial Times, Trump's social media company is in advanced talks to acquire the cryptocurrency trading platform Bakkt, which is owned by the Intercontinental Exchange, as the company seeks to expand its business beyond online conversations.Two people familiar with the negotiations said that Trump Media and Technology Group is close to a full stock acquisition of Bakkt. The valuation under discussion is still unclear, but on Monday, Bakkt's market capitalization was slightly above $150 million.

ChainCatcher news, according to Fortune, foreign media reports that Trump’s social platform Truth Social may merge with Musk’s X platform (formerly Twitter). Data shows that Truth Social's revenue in the third quarter of this year was only $2.6 million, with 698,000 monthly active users on mobile and 11.3 million monthly website visits; in contrast, X platform is expected to have an annual advertising revenue of $2 billion, with 70.4 million monthly active users and up to 1 billion monthly website visits.Erik Nisbet, director of the Center for Communication and Public Policy at Northwestern University, stated that since Musk took over, the content style of X platform has gradually aligned with that of Truth Social. Both platforms promote "freedom of speech" as their selling point, primarily targeting conservative audiences. Data shows that 57% of Truth Social users consider it a daily news source, while 59% do the same for X platform.In terms of content moderation, X platform still maintains relatively strict standards, banning approximately 5.3 million accounts for violations in the first half of this year. This is mainly because the platform needs to maintain relationships with large corporate advertisers. Truth Social, on the other hand, has almost no advertising business, resulting in relatively lenient content moderation. Industry insiders believe that a potential merger would be more commercially meaningful for Trump, serving as a cash-out exit strategy, with his shareholding currently valued at approximately $3.3 billion.

ChainCatcher news, the social competition platform MiniTon has announced the completion of its seed round financing. This round of financing was participated by multiple parties including Waterdrip Capital, Alchemy Pay, CGV, Web3Port Foundation, PangDAO Head Ricky, and OGBC Innovation Hub Founder Jayden Wei.It is reported that MiniTon is a project initiated with the support of the TON Foundation. MiniTon will use this financing to complete the development of the product's Alpha version and test its core metrics.Additionally, according to the Web3 asset data platform RootData, MiniTon is a social competition platform supported by TON, allowing users to play fun games and win real prizes.

ChainCatcher live report, Mask Network founder & CEO Suji Yan, World3 co-founder Ling, SendingNetwork business development head Paulo Carlos, and Metya COO Christy attended the "DeInsight 2024" and participated in a roundtable discussion titled "Social, AIGC and Metaverse," where they conducted an in-depth discussion on popular topics such as ideal social interactions and AIGC.Suji Yan stated that the ideal cyberspace should be free and independent, with each part, each entity, and even each AI agent possessing citizenship and being treated equally. Ling believes it should at least be decentralized and privacy-protecting, while Paulo Carlos emphasized that accessibility must come first.Regarding whether there are significant breakthroughs in this round of Web3 social, the guests had differing opinions. Christy believes that the progress in social interactions has been underestimated, and he looks forward to the impact of AIGC on various aspects of daily socializing, while Paulo Carlos thinks there hasn't been much real innovation, as most are just applications that were previously attempted but failed, now gaining more adoption.On the future trends of social interactions, Suji Yan stressed that it is not good to financialize many aspects of social interactions too early. SocialFi ultimately does not serve humanity, nor does it serve our current version of ourselves or our descendants. It is more like serving a species that will evolve into a hybrid of human and AI in the coming decades. Ling also believes that in the future, AI agents could become users.Remote participation 👉Video live link: https://www.youtube.com/live/tTVcUPumPysImage live link: https://www.pailixiang.com/album_ia7637038926.html(Source link)

ChainCatcher news, during the "DeInsight 2024" annual summit held at Devcon in Bangkok, the RootData List 2024 annual rankings have been officially announced. UXLINK has successfully made it to the RootData List 2024 annual rankings as one of the "Top 50 Projects (TGE Completed)." UXLINK is an innovative Web3 social system designed for mass adoption, allowing users to build social assets and trade cryptocurrencies. It includes a range of highly modular Dapps, from onboarding to graphic formation, group tools to social trading, all seamlessly integrated within Telegram.It is reported that this ranking is the second annual selection launched by RootData following its first release in 2023, aimed at showcasing influential and innovative key players in the Web3 space and assessing the critical forces that continue to drive industry progress. RootData is committed to demonstrating the core forces and trend characteristics of industry development through rigorous data analysis.The ranking statistics cover the period from October 31, 2023, to October 31, 2024, with a total of five rankings published, specifically: Top 50 Projects (TGE Completed), Top 50 Projects (TGE Not Conducted), Crypto VC Top 50 Investment Institutions, Top 10 Angel Investors, and Top 20 Best CEOs.