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, during the "DeInsight 2024" annual summit held at Devcon in Bangkok, the RootData List 2024 annual rankings have been officially announced. Hack VC has successfully made it to the RootData List 2024 annual rankings as one of the "Crypto VC Top 50 Investment Institutions." Hack VC is a crypto-native team composed of VCs, founders, developers, quantum researchers, and builders, focusing on investing in early-stage startups.It is reported that this list is the second annual selection launched by RootData following its first release in 2023, aiming to showcase the influential and innovative key players in the Web3 field and assess 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, and five lists have been 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.

ChainCatcher news, according to The Block, Layer1 blockchain developer Pharos has completed a $8 million seed round financing, led by Lightspeed Faction and Hack VC, with SNZ Capital participating as a strategic investor. Other investors include Dispersion Capital, Hash Global, Generative Ventures, MH Ventures, Zion, and Chorus One.According to RootData, Pharos is an ultra-fast, EVM-compatible internet-level blockchain that enhances payments and applications through trustlessness and decentralization.

ChainCatcher news, the privacy-preserving computing network Nillion has completed a $25 million financing round, led by Hack VC. This financing brings Nillion's total funding to over $50 million, with investors including Hack VC, Distributed Global, and HashKey. Nillion has already established partnerships with NEAR, Aptos, Arbitrum, Mantle, IO.net, Ritual, and others, and its ecosystem currently has over 40 builders.

ChainCatcher news, according to CoinDesk, the privacy-preserving computing network Nillion has completed a $25 million funding round, led by Hack VC. This funding brings Nillion's total financing to over $50 million, with investors including Hack VC, Distributed Global, and HashKey.According to RootData, Nillion is a decentralized public network based on a new cryptographic primitive called Nil Message Compute (NMC), which allows nodes in a decentralized network to operate in a unique, non-blockchain manner. Nillion unlocks important new utilities in Web3 by enabling use cases such as decentralized credit scoring, decentralized trusted execution environments, private NFTs, and decentralized secure storage services.Previously reported, in December 2022, Nillion completed a $20 million funding round, led by Distributed Global, with participation from AU21, Big Brain Holdings, Chapter One, GSR, HashKey, OP Crypto, and SALT Fund.

ChainCatcher news, the Rollup-as-a-Service platform Gelato has completed a $11 million Series A+ funding round, led by Hack VC, with participation from Animoca Brands, IOSG Ventures, and Bloccelerate VC. The latest funding round brings Gelato's total funding to $23.2 million.The new funds will be used to expand its team and services to support more enterprise-level blockchain projects.Gelato aims to simplify the creation and management of Rollup integration, streamlining the way web3 applications and ecosystems are built and scaled.

ChainCatcher news, the encrypted fitness app Moonwalk has announced the completion of a $3.4 million financing round, led by Hack VC, with participation from Binance Labs, Reciprocal Ventures, and Solana co-founder Raj Gokal.The app "gamifies" fitness by allowing users to engage in daily challenges with friends, family, or strangers. Users initiating challenges can set the duration of the competition, daily step goals, and the amount each participant needs to deposit. Players can submit deposits using USDC, Solana, or the Solana-based meme coin Bonk.If you fail to meet the daily step goal, your deposit will be forfeited and evenly distributed among those who meet the target. If you successfully complete the daily challenge, you will receive your deposit back and win a portion of the funds in the prize pool.

ChainCatcher news, Hack VC partner Rodney Yesep confirmed his attendance at the "DeInsight 2024" annual summit to be held on November 11 in Bangkok during Devcon.The "DeInsight 2024" annual summit will take place on November 11 at Hotel Nikko Bangkok in Bangkok. This summit is co-hosted by ChainCatcher and RootData, with Soso Value as a co-organizer, and aims to bring together elites from the Web3 field to exchange insights about the industry. It is expected to attract over 1,000 industry elites.In addition, the conference will unveil the RootData List 2024, a significant ranking that objectively selects influential individuals or organizations in the industry from a data perspective.

ChainCatcher news, the AI and data project Grass has announced the completion of its Series A financing, led by Hack VC, with participation from Polychain Capital, Delphi Digital, Lattice, and Brevan Howard Digital. The specific amount of financing has not been disclosed.According to RootData, Grass is the flagship product of Wynd Network, allowing users to profit from internet connections by selling unused network resources. For individuals, it will appear as a network extension that is downloaded, retained, and forgotten. It will work behind the scenes to help others access public network data in exchange for payments in the protocol's native tokens.Previous news reported that insiders revealed the AI and data project Grass Network completed its Series A financing led by Hack VC, with a valuation reaching nearly one billion dollars.

ChainCatcher news, according to PitchBook data, as of August, crypto venture capital firms have raised over $2.2 billion in new capital this year through closed-end funds. In just the past few weeks, at least six venture capital firms have collectively raised over $500 million. This includes ParaFi Capital's $120 million fund, Borderless Capital's $100 million fund, Hack VC's $77 million fund, and Robot Ventures' $75 million fund.Additionally, several funds are actively seeking new capital this year. According to Bloomberg, Dragonfly Capital is looking to raise $500 million for its new fund and has already raised half of that amount.

ChainCatcher news, according to Bloomberg, two former executives from Coinbase are launching a cryptocurrency platform called TrueX, which will use PayPal's stablecoin PYUSD as its preferred trading token. PYUSD issuer Paxos will provide third-party custody services for TrueX users. TrueX will initially be open to U.S. institutions and certain international institutions in some regions.Additionally, Paxos is also one of the investors participating in the seed round financing of this startup, with TrueX raising $9 million from venture capitalists such as RRE Ventures and Hack VC.It is reported that before co-founding TrueX, Vishal Gupta served as the head of trading at Coinbase. During his time at Circle, he was responsible for overseeing the launch of the USDC stablecoin. Patrick McCreary previously worked as a senior engineer at Coinbase. Both have worked at Goldman Sachs.

According to ChainCatcher news, citing informed sources from BlockBeats, the AI and data project Grass Network has completed a new round of financing, led by Hack VC, with participation from Polychain Capital, Delphi Digital, Lattice, and Brevan Howard Digital. The amount of financing has not been disclosed, but insiders indicate that the new round of financing has brought Grass's valuation to nearly one billion dollars.According to the Web3 asset data platform RootData, Grass completed a $3.5 million seed round of financing last December, led by Polychain Capital and Tribe Capital.Grass aims to redefine the internet incentive structure by allowing users to share unused internet bandwidth resources. Currently, the network operates with over 2 million user-run nodes, capturing vast amounts of data for AI models. Grass's infrastructure also gives the team the advantage of building the first user-owned internet-scale web crawler. At present, only two companies globally (Google and Bing) have the capability to crawl the entire internet, a capability that underpins their trillion-dollar businesses. Grass's goal is to replace them and create the first user-owned knowledge graph of the entire internet.

ChainCatcher news, according to Decrypt, AI infrastructure company PIN AI has completed a $10 million pre-seed funding round, with participation from a16z CSX, Hack VC, Blockchain Builders Fund (Stanford Blockchain Accelerator), Illia Polosukhin (founder of NEAR Protocol), Anagram/Lily Liu (chair of the Solana Foundation), Symbolic Capital (co-founder of Polygon), Evan Cheng (CEO of Mysten Labs/SUI), dcbuilder (Worldcoin Foundation), Foresight Ventures (parent company of The Block), Nomad Capital, Tim Shi (co-founder of Cresta), Ben Fisch (CEO of Espresso), Scott Moore (co-founder of Gitcoin), Alumni Ventures, and Dispersion Capital.It is reported that PIN AI is developing the world's first open-source Personal Intelligent Network (PIN). PIN AI's platform provides an open-source, web3-supported alternative to Apple Intelligence, turning smartphones into privacy-focused AI personal assistants. PIN AI's open platform connects privacy-protected user data through a Layer 2 blockchain.

ChainCatcher news, according to The Block, the Bitcoin re-staking platform SatLayer, built on Babylon, announced the completion of an $8 million Pre-Seed funding round, led by Hack VC and Castle Island Ventures, with participation from Franklin Templeton, OKX Ventures, Mirana Ventures, Amber Group, Big Brain Holdings, CMS Holdings, and others.As the first Bitcoin re-staking platform built on Babylon, SatLayer allows users to re-stake their Bitcoin and Bitcoin liquid staking tokens minted based on Solv Protocol, Lombard, Bedrock, pStake, and PumpBTC, to protect Bitcoin validation services (BVSs). SatLayer co-founder Luke Xie stated that there are no formal plans yet for a native token that may be launched in the future.

ChainCatcher message, Hack VC posted on platform X stating that it has led the Pre-Seed round financing of Chateau.Chateau is a protocol that brings TradFi's private equity and fund investments on-chain, providing DeFi participants with access to these private markets. Chateau assets can be combined with most DeFi protocols, thereby supporting novel applications and other use cases such as on-chain RWA-based lending markets, leverage, and re-collateralization.

ChainCatcher news, Solana shared sequencer Rome has completed a $9 million funding round, with participation from Hack VC, Polygon Ventures, HashKey, Portal Ventures, Bankless Ventures, Robot VC, LBank, Anagram, TRGC, Perridon Ventures, and notable angel investors including Anatoly Yakovenko, Nick White, Santiago Santos, Comfy Capital, Austin Federa, and Jason Yanowitz.Rome was founded by Anil Kumar and Sattvik Kansal, aiming to establish Solana as a foundational network for shared sequencing and data availability (DA).According to RootData, Rome Protocol is building a shared sequencer network utilizing Solana. The throughput of Solana enables Rome to provide a high-performance shared sorter. Rollups do not have to worry about outsourcing their block production affecting user experience.