ChainCatcher news, according to official sources, Gravity has announced the establishment of a $50 million ecosystem venture capital alliance aimed at redefining blockchain performance and creating a truly interconnected full-chain ecosystem, promoting large-scale adoption of blockchain through next-generation projects.Dedicated to supporting projects and developers on Gravity. The alliance is built on the collective strength of some of the most prominent VCs and investors in the blockchain industry, including: Blockchain Coinvestors, DAO5, Draper Dragon, Faction, HashKey Capital, IOSG Ventures, Lattice, Spartan Group.

ChainCatcher news, the privacy data oracle protocol zkPass has completed a $12.5 million Series A funding round with a token valuation of $100 million, with participation from dao5, Animoca Brands, Flow Traders, Amber Group, IOBC Capital, Signum Capital, MH Ventures, and WAGMI Ventures. The Series A funding brings zkPass's total funding to $15 million.The zkPass token is expected to launch in the first quarter of next year.According to RootData, zkPass is a privacy data protocol that utilizes 3P-TLS and hybrid ZK technology, providing tools and applications for secure and verifiable data sharing from any HTTPS website without the need for Oauth API, while ensuring privacy and integrity guarantees.

ChainCatcher news, the social gaming metaverse Ultiverse has partnered with the oracle protocol ORA to launch the AI x Gaming hackathon event "O.A.G", supported by Polychain Capital, DAO5, and Animoca Brands. The first round of applications will start tomorrow and end on December 12. Participants in the O.A.G incubator will ultimately be able to present their projects to investors.It is reported that the purpose of this initiative is to strengthen AI-driven Web3 gaming and application projects. Selected projects can receive funding of up to $2 million, as well as marketing and strategic support. The program focuses on product-market fit, fundraising, market strategy, and sustainable growth.

ChainCatcher news, according to The Block, Ethereum L2 Fhenix has announced the completion of a $15 million Series A funding round, led by Hack VC, with participation from Dao5, Amber Group, Primitive Ventures, GSR, Collider Ventures, and Stake Capital. To date, the company's total funding has reached $22 million. It is reported that Fhenix has announced the launch of its open test network, named Helium (originally planned to be named Renaissance), allowing developers to deploy "confidential" smart contracts on the Fhenix Layer 2 network.Additionally, the Web3 asset data platform RootData shows that Fhenix is the first blockchain powered entirely by fully homomorphic encryption. By using fhEVM, Fhenix enables Ethereum developers to seamlessly build encrypted smart contracts and perform encrypted data computations while using Solidity and other familiar and easy-to-use tools.

According to ChainCatcher, The Block reports that the DeFi protocol Shogun's developer, Intensity Labs, has completed a $6.9 million seed round financing, led by Polychain Capital and DAO5, with participation from Arrington Capital, Arthur Hayes' family office Maelstrom, and Build-a-Bera. Additionally, angel investors such as Cobie, Ansem, Ser Shokunin, and Meltem Demirors also participated in this round of financing. Co-founder Rahul Patel stated that this round of financing brings Shogun's fully diluted token valuation to $69 million.It is reported that Shogun is incubated by Binance Labs. In March of this year, Binance Labs invested in a total of 7 startups, including Shogun, during its sixth incubation program.Additionally, the Web3 asset data platform RootData shows that Shogun is an order flow aggregator and a smart liquidity router for modular networks, initially launched on Cosmos.

ChainCatcher news, according to a report by Fortune magazine citing informed sources, the venture capital firm Polychain, founded by former Coinbase employee Olaf Carlson Wee, incubated Bittensor in 2019, and currently holds approximately $200 million in Bittensor tokens.In addition, the investment fund Dao5, founded by Polychain alum Tekin Salimi, holds about $50 million in TAO and is an early supporter of the Bittensor ecosystem.It is reported that the Digital Currency Group (DCG) is another supporter of the protocol, holding about $100 million in TAO. A DCG spokesperson declined to comment. In a 2021 article by Business Insider, DCG investor Matthew Beck recommended Bittensor as one of the 53 most promising crypto startups.

According to ChainCatcher news, the Sui ecosystem's one-stop liquidity protocol NAVI Protocol has announced the completion of a $2 million financing round, led by OKX Ventures, dao5, and Hashed, with participation from Mysten Labs, Comma3 Ventures, Mechanism Capital, GeekCartel Capital, Nomad Capital, Coin98 Ventures, Cetus Protocol, Maverick, Viabtc, Assembly Partners, Gate.io, Hailstone Labs, Benqi, and LBank Labs.NAVI Protocol will use the funds from this financing round to expand its one-stop lending and LSDeFi platform.

ChainCatcher news, the modular blockchain network Movement Labs based on the Move language has announced the completion of a $3.4 million Pre-Seed funding round, led by Varys Capital, dao5, Blizzard The Avalanche Fund, Borderless Capital, and their cross-chain fund focused on the Wormhole ecosystem, with participation from Colony, Interop Ventures, Elixir Capital, BENQI, as well as George Lampeth from dao5, Calvin Liu from Eigenlayer, Smokey The Bera from Berachain, Anurag Arjun from Avail, CoinFlipCanada from GMX, and co-founder of Ankr.Movement Labs also announced the launch of the Movement SDK, which provides a secure and high-performance Move environment to the blockchain ecosystem.

ChainCatcher news, the modular L2 protocol Layer N has announced the completion of a $5 million seed round financing, led by Founders Fund and dao5, with participation from Kraken Ventures, Spencer Noon, and others. It is reported that Founders Fund invested $1.8 million in this round. Layer N focuses on increasing transaction throughput and reducing latency to replicate the speed of traditional financial markets in the blockchain space.It is reported that Layer N had previously planned to build its blockchain on Solana and announced funding from FTX Ventures in November 2022, before the collapse of FTX, but in reality, these funds were not able to be realized. Layer N plans to launch its testnet within one to two months, but due to regulatory uncertainties and unresolved issues such as whether tokens will add value for users, the company has not yet decided whether to release tokens like other Layer 2s such as Optimism and Arbitrum.

ChainCatcher news, according to The Block, Web3 development tool provider Cubist has completed a $7 million seed round financing, led by Polychain Capital, with participation from Dao5, Polygon, Amplify Partners, and Axelar. The funds will be used for hiring, as well as expanding and promoting the SDK.It is reported that Cubist was co-founded by former fraud operations expert Ann Stefan and computer security professors Riad Wahby, Fraser Brown, and Deian Stefan, who have taught at institutions such as Carnegie Mellon University and the University of California, San Diego. Its long-term goal is to provide a set of security-focused tools that developers can use when deploying decentralized applications. (Source link)

ChainCatcher news, according to The Block, ZK infrastructure startup Polyhedra Network has completed a $10 million funding round, led by Binance Labs and Polychain Capital, with participation from Animoca Brands and Dao5.It is reported that Polyhedra has developed various infrastructure products using zero-knowledge (ZK) proof technology, including a ZK bridge (zkBridge) solution for transferring assets between Web2 and Web3 systems, a ZK decentralized identity solution (zkDID), and scaling solutions. Polyhedra plans to integrate with more blockchains and make it easier for developers to access through API and SDK tools. (source link)

ChainCatcher news, the decentralized identity protocol SPACE ID has completed a $10 million strategic round of financing, led by Polychain Capital and dao5.In September last year, SPACE ID completed a seed round of financing led by Binance Labs and launched the .bnb domain name service. To date, over 360,000 domain names have been registered, and more than 100 applications have announced the integration of the SPACE ID protocol, including BscScan, Trust Wallet, and more. SPACE ID recently announced the 2.0 upgrade, providing a one-stop Web3 domain and identity platform to discover, register, trade, and manage Web3 domain names, and launched multi-chain domain services.The project's second supported top-level domain .arb will open for pre-registration next week. Previously, on February 3, the ARB ID team announced their integration into the SPACE ID 2.0 ecosystem to jointly build a universal naming service network. (source link)

ChainCatcher news, the ZK oracle network Hyper Oracle has announced the completion of a $3 million Pre-Seed funding round, co-led by dao5 and Sequoia China Seed Fund, with participation from Foresight Ventures, FutureMoney Group, and others. The funds will be used for the development of ZK middleware protocols and the ZK oracle network, as well as cutting-edge research in zero-knowledge proof technology.It is reported that Hyper Oracle is building middleware protocols for ZK indexing and ZK automation protocols, providing end-to-end fully decentralized infrastructure for Web3 applications. (Source link)

ChainCatcher news, the universal interoperability platform Axelar Network announced the launch of a $60 million startup ecosystem program, dedicated to accelerating the development of decentralized applications and protocols that can replace CEX, and promoting the development of Web3 applications to address global issues that the centralized internet cannot solve.The program is currently supported by over 15 blockchain investors, including Blockchange, Chorus One, Collab+Currency, Cygni, dao5, DCVC, Divergence Ventures, Dragonfly Capital, Lemniscap, Morningstar Ventures, Nima Capital, Node Capital, North Island Ventures, Rockaway Blockchain Fund, and SCB 10X. (source link)

ChainCatcher news, Solana ecosystem privacy project Light Protocol has completed a $4.5 million seed round financing, led by Polychain Capital, with participation from Solana Ventures, Hypersphere, dao5, Asymmetric, Balaji Srinivasan, Algod, The Crypto Dog, and others.It is reported that Light Protocol will soon launch Light V3, claiming that this version will achieve ultra-efficient privacy and general ZK on Solana. (source link)

Chain Catcher news, blockchain data query platform Bitquery announced the completion of a $8.5 million seed round financing, led by Binance Labs and dao5, with participation from Susquehanna, DHVC, INCE Capital, and angel investors from Google.Bitquery will use this round of financing to expand its data coverage to support the development of more new use cases and to build its BIT protocol to facilitate real-time data delivery.It is reported that Bitquery provides a set of software products to parse, index, and store blockchain data in a unified manner. (Source link)