ChainCatcher news, the blockchain game Axie Infinity's developer Sky Mavis announced a 21% layoff. Given that its global team consists of about 250 people, this decision will affect around 50 employees.The company's co-founder Nguyen Thanh Trung stated that this move is part of a refocus on core products and long-term strategy. Trung emphasized that financial constraints were not the reason for this decision, and affected employees will receive severance pay and employment placement support. (TechinAsia)

ChainCatcher news, recently, the first AAA MOBA blockchain game in the Web3 field, Infinitar, announced the successful completion of a $11.9 million financing round, led by Lam Group and AccelByte, with follow-on investments from Waterdrip Capital, AC Capital, DEX Ventures, and Mason Labs, resulting in a post-investment valuation of $150 million.Previously, Infinitar announced the completion of a seed round and angel round financing totaling $2.9 million, with Series A financing amounting to $9 million. The continued investment from Lam Group and AccelByte demonstrates a strong confidence in Infinitar's future development potential, providing robust financial support for its further expansion into global markets and driving product innovation.

ChainCatcher news, Web3 AAA MOBA chain game Infinitar announced the completion of a $9 million Series A funding round, led by Lam Group and AccelByte, which also took up the remaining funding amount, with a post-investment valuation reaching $150 million.On October 1, Infinitar announced the completion of a total of $2.9 million in seed and angel round financing, with a planned total funding amount of $9 million.According to the crypto data platform RootData, Infinitar is a Web3 MOBA game that supports various arena modes, including individual rankings with 421 levels, 3v3, and 5v5 battles, catering to different player preferences.

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 blockchain game Axie Infinity has announced that Origins Season 9 is now live, with key points including:AXS leaderboard prize pool of up to 24,300 tokens;The Trials mode of the Epic Era will open on July 1. Enter the Trials and earn SLP rewards; the Trials will be open for a limited time;A new arcade mode has been added, where players can win summer ticket rewards. Tickets can be used in the summer shop to purchase limited-time frames, avatars, runes, and charms.

ChainCatcher news, according to Snapshot, Arbitrum has initiated a proposal to launch the Infinite Launchpad, which will support project builders through a series of modules including community building, market research, entrepreneur residency programs, and venture capital, with a total requested funding of 10 million USD.Data shows that currently, the opposition accounts for 54%, support accounts for 28%, and abstentions account for 18%.

ChainCatcher news, Solana ecosystem DEX Jupiter announced that the Solana ecosystem LST protocol Sanctum Infinity has now been integrated into Jupiter Routing. Sanctum's INF is a basket of LSTs used to provide liquidity between various LSTs and earn trading fees without giving up staking rewards. Exchanging 1 LST for another LST in Jupiter can now leverage the liquidity of INF, offering better trading rates.

ChainCatcher message, the blockchain game Axie Infinity stated on the X platform that the voting rights snapshot has been completed. If everything goes as planned, voting will begin in 5 hours and 50 minutes and will last for a week. Users' voting rights depend on their Axie scores and AXS staking.Steps: The voting portal page will display the proposals available for voting. Click the "View Details" button to see more information about a specific proposal, and after reviewing the proposal, you can vote by clicking the "Vote" button.

ChainCatcher news, according to VentureBeat, the AI-driven social sports platform Infinite Reality has acquired the Web3 gaming project Stakes for $8 million in stock. This all-stock deal values Infinite Reality at $3 billion and Stakes at $8 million.Infinite Reality CEO John Acunto stated that the acquisition of Stakes will help Infinite Reality implement its innovative digital experiences and immersive sports products, as well as integrate with blockchain and Web3.

ChainCatcher news, according to LatamList, Dubai-based cybersecurity and blockchain company Infinity Capital has acquired Medellín-based blockchain infrastructure company Andro, with the terms of the acquisition kept confidential.It is reported that Infinity Capital offers a range of security services, utilizing decentralized blockchain network security tools to protect and optimize fund performance. By integrating Andro's technology, Infinity Capital aims to provide an enhanced security solution suite for large funds dealing with stablecoins and digital assets.

ChainCatcher message, Axie Infinity co-founder Jihoz.ron stated on the X platform that the RNS domain "Jihoz.ron" is still reserved, but do not send anything to that domain. Currently, some users are sending tokens to impersonators.

ChainCatcher message, the Treasure Infinity Chains has officially released a simplified white paper. This chain utilizes Arbitrum rollup technology, which will be customized according to Treasure's unique gaming needs, expanding the project's revenue opportunities through additional asset trading, and increasing DAO income through sequencing fees, while utilizing a permissions model based on granular Access Control Lists (ACL). MAGIC will serve as the main token within the platform.The development and launch of Treasure Chain will proceed through parallel initiatives to coordinate ahead of the targeted Q3 2024 mainnet launch. Measures are being taken, with plans to rapidly implement and deploy the testnet in Q1 2024, allowing early adopters to familiarize themselves and providing sufficient time for network strengthening.

ChainCatcher news, the blockchain game Axie Infinity released its 2023 data on the X platform: the annual active users are 662,647; the monthly active users have an average annual growth of 170%; AXS treasury revenue is 3.4 million USD.

ChainCatcher news, the decentralized storage platform Cumulus Encrypted Storage System (CESS) announced the completion of an $8 million financing round, with participation from HTX Ventures, Infinity Ventures Crypto, DWF Labs, Mentha Partners, Vespertine Capital, Web3 Foundation, Singchain Investment, 7 O'Clock Capital, SolrDAO, FishDAO, OneBlock+, Winkrypto, and the Polkadot Ecological Research Institute.It is reported that CESS is both a blockchain network and a decentralized storage system. It allows files to be stored across multiple nodes and identified by their hash values. The new funding will be used to "drive technological advancements, expand global operations, and strengthen CESS's position in the decentralized infrastructure space."