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.

ChainCatcher news, German venture capital firm HV Capital has raised a fund of €710 million ($784 million). HV Capital is now primarily focused on fintech and enterprise software, although HV Capital plans to invest in blockchain technology, the fund has stated that it will not invest in cryptocurrency-related companies due to market volatility and strict regulations.HV Capital has previously invested in Web3 projects, including climate fintech company Agreena, decentralized cloud platform Impossible Cloud, and Polkadot ecosystem Web3 music platform Public Pressure. (Bloomberg)

ChainCatcher news, March 1, according to The Block, the decentralized cloud platform Impossible Cloud has completed a $7 million seed round financing, led by HV Capital and 1kx, with participation from Protocol Labs, TS Ventures, and Very Early Ventures. The founding team of Impossible Cloud includes Wawrzinek, the founder of the game studio Goodgame Studios, former Airbnb executive Kaul, and Daniel Baker, co-founder and CTO of the open-source platform D2iQ. Impossible Cloud aims to provide decentralized cloud services for B-end users in Web3. (source link)