ChainCatcher news, according to official news from InfiniFi, the project has completed a $3 million pre-seed funding round. This round was led by Electric Capital, with participation from institutions such as New Form Capital, Kraynos Capital, and Baboon VC. InfiniFi plans to launch a dollar-pegged Deposit Receipt Token (DRT) in the second quarter of 2025 and will integrate with protocols such as AAVE, Pendle, and Ethena.

ChainCatcher news, Electric Capital partner Avichal stated on social media that the "golden age" of software engineers in San Francisco has come to an end. From 2000 to 2020, software engineers were the epitome of high-paying professions, but with over 100,000 layoffs in the tech industry by 2024, the globalization of remote work, and the rapid development of AI technology, the wealth trajectory of this profession has fundamentally changed. He compared the rise of ChatGPT to the "2008 moment" in the software engineering field, which altered the market landscape.However, Avichal pointed out that this is not all bad news. The future will be an era of small, efficient teams, and AI-driven efficiency gains will give rise to more billion-dollar companies built by teams of 10. AI-first companies will dominate the market, and designers, product managers, and domain experts will have unprecedented influence, driving the rise of a new generation of entrepreneurs.He predicts that as the cost of software production continues to decrease, the enterprise software industry will undergo profound changes, and the "easy money" era for ordinary software engineers has ended, while a new "gold rush" in San Francisco has quietly begun.

ChainCatcher news, Electric Capital partner Maria Shen will host a special discussion in X Space with Consensys Head of Developer Relations Francesco and HackQuest co-founder Harry, focusing on the latest developer report released by Electric Capital. The three guests will delve into the core conclusions of the report, strategies for onboarding developers from different ecosystems, future development trends of the Web3 developer ecosystem, and innovative directions in developer education, among other topics.

ChainCatcher news, according to a report by The Block, a developer report released by the venture capital firm Electric Capital found that Solana is the preferred blockchain for new developers. The report found that among the 39,148 new developers exploring cryptocurrency this year, 7,625 are developing on Solana, indicating that the number of developers on this network has increased by 83% year-over-year.The report states that this is the first time since 2016 that the growth rate of the Solana blockchain ecosystem has surpassed that of Ethereum. However, in terms of total developers, Ethereum remains the largest blockchain in North America, South America, Asia, Europe, and Africa. Solana ranks second in the same regions based on the number of developers.Electric Capital's report also found that in 2024, Aptos, Base, Bitcoin, Internet Computer, NEAR, Polkadot, Polygon, Starknet, and Sui each added over 1,000 new developers. Additionally, BNB, Optimism, Scroll, Stellar, and TON also added 500 new developers.

ChainCatcher news, Web3 AI content recommendation system ❜mbd has completed a $3 million Pre-seed funding round, led by Mask Network and Polymorphic Capital, with participation from a16z CSX, Forward Research, Social Graph Ventures, and WAGMI Ventures.❜mbd has established a machine learning recommendation system that pre-trains on on-chain data, aiming to provide dynamic and relevant content and actions for each user. ❜mbd's flagship product is a set of machine learning APIs for Web3 developers, designed to provide users with relevant and timely social content, minting, and trading by integrating on-chain and off-chain data.

ChainCatcher news, according to The Block, the TON network expansion project TAC has completed a $6.5 million seed round financing, led by Hack VC and Symbolic Capital, with participation from Primitive, Paper Ventures, Karatage, Animoca Ventures, Spartan Capital, TON Ventures, and Ankr. The valuation and structure of this round of financing have not been disclosed.The testnet phase of TAC is expected to launch this week, with the mainnet release planned for the first quarter of 2025.According to RootData, TAC is a TON network expansion that allows the EVM community to access Telegram's 950 million users.

ChainCatcher news, the on-chain identity system Phi has announced the completion of a new round of strategic financing, led by Neoclassic Capital, with participation from Decima Fund, Cyber, PAKA fund, and Incubate Fund.This is Phi's second round of financing following the $2 million seed round led by ChapterOne and Delphi Digital in 2022. The new funding will be used to build a decentralized authentication system specifically for on-chain identities.According to RootData, Phi is a social gaming metaverse focused on using "on-chain identities" created with ENS and verified wallet activities to easily visualize on-chain identities. It incentivizes users to interact with various Web3 protocols, providing positive feedback for all protocols and accelerating the overall network effects of Web3.

ChainCatcher news, Electric Capital partner Maria Shen released a global cryptocurrency developer distribution research report showing that, through the analysis of over 110,000 developer profiles, North America's leading position in the share of cryptocurrency developers has been surpassed by Asia. The share of developers in North America has sharply declined from 44% in 2015 to 24% in 2024. Meanwhile, Asia's share has risen from 13% to 32%, becoming the largest continent for crypto talent for the first time.By country, the United States ranks first globally with a share of 18.8%, followed by India and the United Kingdom with 11.8% and 4.2%, respectively. Since 2015, the U.S. share of global cryptocurrency developers has plummeted by 51%. During the same period, the cryptocurrency market size skyrocketed from $5 billion to $2.4 trillion, an increase of nearly 480 times.Additionally, although the cryptocurrency industry is often thought to be concentrated in traditional tech hubs like California and New York, in reality, 64% of developers are distributed outside these areas. The study analyzed over 200,000 crypto-related Git commit records, involving more than 350,000 code repositories. Maria emphasized that cryptocurrency development should not be partisan, as developers are spread across states, representing different political backgrounds.

ChainCatcher news, according to Coinpost, Japanese cryptocurrency exchange operator DMM's blockchain gaming and NFT division DMM Crypto has completed a new round of strategic financing, led by Neoclassic Capital, with the specific amount of financing undisclosed. The new funds are intended to support DMM Crypto in developing a Web3 economic ecosystem called Seamoon Protocol.In addition, DMM Crypto has established a strategic partnership with Singapore-based quantitative trading firm and liquidity provider Presto. DMM Crypto will launch the game "Kampani Girls RE:BLOOM" in October 2024 and plans to release multiple blockchain games in the future.

ChainCatcher News: Japanese blockchain game development company double jump.tokyo announced a strategic partnership with the American Web3 fund Neoclassic Capital.double jump.tokyo plans to strengthen its collaboration with Asian and global Web3 startups through LP investments in Neoclassic Capital, accelerating the global adoption of Web3 technology. Neoclassic Capital is a venture capital firm focused on Web3 and digital assets, with a focus on investments in Asia and the entertainment industry.

ChainCatcher news, according to Chainwire, the Web3 mobile game project Flappy Bird Foundation announced the completion of a new round of financing of $2 million, led by Kenetic Capital and Scytale Ventures, with participation from Big Brain Holdings, Optic Capital, and 4SV. The new funds will support the project in adding a range of new Web3 features to attract both nostalgic players and a new generation of gamers.It is reported that under the management of the newly established Flappy Bird Foundation, the intellectual property of the game will continue to be protected.

ChainCatcher news, IOBC Capital partner Alva Xu shared his insights on Token2049 on the X platform, noting several changes in the Crypto primary market from the perspective of an active Crypto LP:Some large funds from Europe and the United States are accelerating their fundraising efforts, and their commitment and focus indicate their determination to compete fiercely with Asian LPs. The conversation afterward was not exciting; AUM is the enemy of venture capital funds.European and American funds are squeezing the survival space of Asian funds, and LPs are becoming as valuable as quality developers, so IR will become increasingly important in the future.In today's market shift, some GPs are showcasing various strategies, such as buying OTC shares, pushing into the secondary market, and incubating projects. The core purpose is to prove they can outperform Bitcoin returns, and isn't the essence of venture capital to support great companies early on? Therefore, these flashy strategies might be less effective than returning to the original mission, which can resonate more with investors.In light of the current situation, this LP offered three suggestions for fund fundraising:Do not emphasize financial returns and DPI, as LPs can directly buy ETFs or hold BTC.Position yourself as an explorer in the industry; a strong desire for exploration and having your own worldview can better impress LPs, after all, investing in a company represents the kind of world you want to build.Conduct due diligence on each LP's strategic planning; understanding LPs' strategic investment layout is very important.

ChainCatcher news, according to The Block, the DeFi abstraction platform Infinit has completed a $6 million funding round, with participation from Electric Capital, Mirana Ventures, Hashed, and Arthur Hayes' family office Maelstrom, Lightspeed Faction, Nomad Capital, Robot Ventures, Tangent, and Presto Labs.It is reported that the new funds will be used to enhance its infrastructure and provide a smoother service experience for DeFi protocol builders.

ChainCatcher news, the decentralized cloud gaming protocol DeepLink Protocol announced on platform X that DeepLink has received strategic investment from GC Capital.Previous news, DeepLink announced the completion of a total of $8 million in angel round and Series A financing, with participation from companies such as Gobi Partners, Hycons, DBC, and ROCK Ventures, as well as P&S, KMTLE, Dan & FamilyWorks, BTR, Horman, and FireHustle.

ChainCatcher message, according to monitoring by The Data Nerd, in the past 9 hours, Symbolic Capital deposited 4,446 ETH (approximately 12.16 million USD) and 10.56 million USDT to Binance.Subsequently, it transferred the above assets along with 178.1 WBTC (approximately 10.56 million USD) to the Binance hot wallet.

ChainCatcher news, according to official sources, the TON-based DeFi solution LayerPixel has announced the completion of a $2 million seed round financing, led by Kenetic Capital, with participation from Foresight Ventures, Waterdrip Capital, VentureSouq, Web3 Port Foundation, Microcosm Research, TMM Club, and dozens of angel investors.It is reported that LayerPixel aims to provide one-stop DeFi services for developers of Telegram Mini Apps. The platform's core products include the first Weighted-Pool decentralized trading platform on the TON chain, PixelSwap, the account abstraction wallet PixelWallet, and the lightweight oracle Pixacle. LayerPixel stated that its products will also provide seamless API access and SDK integration in the future, helping more developers enter the TON ecosystem.