ChainCatcher news, the L1 blockchain lightweight node protocol Over Protocol has announced the airdrop allocation details and opened airdrop inquiries, which will be distributed after the mainnet launch (expected between the end of this year and the beginning of next year). Over Protocol has allocated 15% of the total token supply to the community access program (OCAP), of which 54.5 million OVER tokens (5.45%) are specifically for the airdrop program, while the remaining tokens will be used to support marketing, liquidity provision, grant programs, and ecosystem funds. The airdrop amount is determined based on the scores from OverWallet tasks and testnet participation. Currently, users can check their airdrop allocation in the Airdrop Checker within the OverFlex application (currently OverWallet).Among them, 30 million tokens (3% of the total supply) are distributed to OverWallet users, with 418,215 effective participants; 10 million tokens are distributed to OverNode users, with 52,607 effective participants; 10 million tokens are allocated to Nethers NFT holders (3,945 people); 3 million tokens are distributed to participants of OKX Cryptopedia Season 16 (469,869 people); and 1 million tokens are distributed to participants who completed the Sybil detection task on HashKey Global.Over Protocol states that the airdrop program is based on three key criteria: honesty, diligence, and scores, and verifies honesty through two rounds of Sybil detection to prevent multiple accounts and bots. "Diligent contributors" who cannot be fully assessed through Sybil detection can obtain additional verification opportunities via a Google form.

ChainCatcher news, communication app giants Kakao and LINE have launched their Layer 1 blockchain Kaia, announcing that its mainnet is now live. According to their announcement, Kaia's processing speed is approximately one second, and the gas fees are "extremely low."

ChainCatcher news, the LayerZero Foundation announced on X that LayerZero has launched the Gravity mainnet.Previous news, Galxe announced the launch of its L1 blockchain Gravity Alpha mainnet. Based on the Arbitrum Nitro stack and leveraging the combined capabilities of Galxe, Conduit, and Celestia, the Gravity Alpha mainnet offers a more efficient, scalable, and secure way to manage complex cross-chain interactions. With seamless compatibility with Ethereum, it will minimize friction and maximize potential. The launch of the Alpha mainnet will integrate all of Galxe's products (including Quest, Compass, Passport, and GalxeIdentity Protocol) on-chain, providing a "more cohesive experience" for its over 25 million active users.

ChainCatcher news, Layer1 intellectual property blockchain Story Protocol developer PIP Labs announced the completion of a $80 million Series B funding round, led by a16z crypto, with participation from Polychain, Stability AI Senior Vice President and Board Member Scott Trowbridge, K11 founder Adrian Cheng, digital art collector Cozomo de'Medici, No Capital, and others. This new round of financing brings PIP Labs' total funding to $140 million.According to Techcrunch, sources revealed that the post-funding valuation of Story Protocol developer PIP Labs is currently $2.25 billion.Story Protocol is an intellectual property blockchain aimed at tokenizing trillion-dollar intellectual property assets, unlocking limitless creativity with programmable IP+AI. Currently, the number of IPs on the Story Protocol chain has surpassed 20 million, with over 200 teams building applications in IPFi, AI, and consumer markets.

ChainCatcher news, the RWA project Creditcoin announced on X that it is "entering the mainnet" and will launch an EVM-compatible L1 blockchain. Before the mainnet goes live, community members can interact with the project through multiple interactive sites and accumulate CTC (mainnet) token rewards.

ChainCatcher news, ZK interoperability infrastructure Polyhedra Network tweeted that it has launched ZKJ Chain ------ a new Layer-1 blockchain that achieves joint computation through zero-knowledge (ZK). It indicates that the world's most powerful supercomputer is about to arrive.

ChainCatcher news, L1 blockchain Self Chain announces its tokenomics, with a total supply of 360 million SLF tokens.Distribution method:Migration allocation (25%): This allocation allows certain token holders to seamlessly migrate their tokens to SLF on the self-chain, ensuring a smooth transition.Equity investor allocation (10%): This allocation recognizes the early supporters of Self Chain, acknowledging their role in the project's development.Validator nodes/growth sales (28%): Self Chain seeks to expand its validator network, inviting notable individuals to enhance the network's decentralization.Ecosystem (19%): Cultivating ecosystem initiatives through grants and incentives to promote meaningful contributions to Self Chain projects.Foundation nodes (10%): The Self Chain Foundation will operate a set of foundation nodes to ensure stability and functionality at the launch of the blockchain.Team (8%): A portion of SLF tokens is allocated to the Self Chain team and core developers to support long-term research, development, and ecosystem initiatives.

ChainCatcher news, L1 blockchain Somnia announces the launch of the Metaverse browser. The Metaverse browser allows users to access the Somnia network and explore a variety of consumer applications. The browser also enables the creation and deployment of applications, allowing users to create avatars, characters, virtual stores, and entire metaverse environments.Somnia founder Paul Thomas stated, "With the launch of the Somnia Metaverse browser, we are laying the groundwork for a more inclusive and accessible Metaverse. This platform is not only designed to simplify technology but also to empower individuals to explore and create without limitations."

ChainCatcher news, DePIN L1 blockchain Peaq announced that it will launch the native PEAQ token on CoinList from May 9 to May 16.According to the crypto data platform RootData, the DePIN Layer1 protocol Peaq has completed a $15 million financing round, led by Generative Ventures and Borderless Capital, with participation from Spartan Group, HV Capital, CMCC Global, Animoca Brands, Moonrock Capital, Fundamental Labs, TRGC, DWF Labs, Crit Ventures, Cogitent Ventures, NGC Ventures, Agnostic Fund, and Altana Wealth.

ChainCatcher news, according to official sources, MANTRA announced the completion of a $11 million financing round, led by Shorooq Partners, with participation from Three Point Capital, Forte Securities, Caladan, Virtuzone, Hex Trust, Token Bay Capital, GameFi Ventures, Mapleblock, Fuse Capital, and 280 Capital.It is reported that the funds will be used to build compliant infrastructure, support developers, and expand RWA tokenization.

ChainCatcher news, L1 blockchain Canto plans to launch the parallel execution EVM Cyclone Stack, which will remain fully compatible with EVM, providing users with a better experience. Canto will support Cyclone Stack through the following upgrades:Callisto upgrade: Aiming to reduce block time to sub-second levels, using Cosmos SDK v50 and ABCI 2.0.Elara upgrade: Introduced an optimistic parallel execution EVM module, bringing high efficiency standards to Cosmos SDK-based Layer-1.Kallichore upgrade: Coming soon, will eliminate storage bottlenecks and improve the efficiency of the Cosmos SDK.

ChainCatcher news, according to CoinDesk, L1 blockchain Flare has completed a $35 million private placement financing, with participation from Kenetic, Aves Lair, and others.It is reported that Flare supports the creation of smart contract protocols and focuses on pricing oracles, transferring asset prices between various decentralized finance (DeFi) applications.Early investors in the project have voluntarily agreed to extend the token distribution period from 2024 to the first quarter of 2026. Additionally, a selling limit of 0.5% of daily trading volume has been implemented to reduce selling pressure in the market.

ChainCatcher news, Layer 1 blockchain 5ireChain announced the launch of a $10 million grant program "5ireGrantsProgram," focusing on projects in areas such as multichain, EVM compatibility, and real-world assets (RWA). The program will start on March 1, providing funding support of up to $100,000 for participating projects.

ChainCatcher news, according to Chainwire, the Layer1 blockchain project Nibiru Chain has announced the completion of a $12 million financing round, with participation from Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital. Nibiru's community sale on CoinList sold out the initial $3 million in just 9 minutes. An additional $3 million in delayed sales also sold out in 11 minutes. By the end of the sale, it had attracted 42,713 registrants and over 5,000 buyers of NIBI tokens, with an oversubscription of 842% in prepaid interest.Nibiru Chain is described as an L1 blockchain and smart contract ecosystem. In 2024, Nibiru Chain aims to expand its ecosystem. Key developments include several initiatives such as gamified participation airdrops, integration with major liquidity hubs, listings on multiple centralized exchanges, implementation of parallel optimistic execution, and achieving full EVM compatibility. This year, Nibiru Chain is expected to launch flagship dapps like Nibi-Perps, Nibi-Swap, and NUSD.

ChainCatcher news, according to CoinDesk, the Layer 1 blockchain QANplatform, which has "quantum-resistant" capabilities and is compatible with Ethereum EVM, has signed a $15 million investment contract with MBK Holding. This blockchain uses "NIST Primary recommended post-quantum algorithms." "In addition to fast cloud deployment or quantum-resistant security, one of the unique features of QANplatform is its ability to support smart contracts in any programming language. The QAN Virtual Machine (QVM) allows developers to write smart contract-compatible programming languages (such as JavaScript, Java, Python, TypeScript, C, C++, C#, etc.) in any Linux kernel."