ChainCatcher news, Web3 ecological service Nest Layer announced the completion of a new round of financing, with participation from the Manta Foundation Fund. The specific valuation and amount of financing have not been disclosed.The new funds will be used to support the development of its product suite Dropnest. The services currently supported by Nest Layer include investment, node management, NFT, airdrop farming, staking, yield generation, and DePIN. Dropnest simplifies airdrop farming through a one-click interface.

ChainCatcher news, the Manta Foundation announced a strategic investment in the chain abstraction liquidity aggregation protocol Cycle Network, with the specific financing amount undisclosed. Other investors include Summer Ventures, Vertex Ventures, and others.Cycle Network has applied for the Manta Foundation's $50 million ecosystem fund. This investment aims to promote Web3 development, particularly in enhancing liquidity, cross-chain connectivity, and efficiency among ecosystems.It is reported that Cycle Network was selected for Binance Labs' seventh season incubation program in July this year.

ChainCatcher news, the Manta Foundation announced its investment in the GameFi full-chain layer Elfin Metaverse on platform X, which is a successful applicant of the $50 million Manta ecological fund.According to the Web3 asset data platform RootData, Elfin Metaverse is a GameFi full-chain layer focused on esports, with its integrated esports platform and open-world metaverse built on Elfin Lands, a virtual realm that offers unique gaming experiences and a thriving community.

ChainCatcher news, the Manta Foundation has launched a $50 million ecosystem fund, which is now open for applications, aimed at nurturing the blockchain project ecosystem. The ecosystem fund and grant program provide funding and support for innovative projects. The funding will last for one year, with early projects eligible for grants of up to $50,000. The focus is on supporting projects in DeFi, gaming, NFTs, etc., with a continuous application process and strategic investments.