ChainCatcher news, the game and AI modular identity and data layer (IDL) builder CARV recently announced that its data layer technology and infrastructure will be deeply integrated with Monad Labs and Base. This integration will comprehensively enhance the performance, security, and scalability of the Web3 gaming and AI ecosystem from both the blockchain underlying technology and data solutions.CARV's data layer technology will closely integrate with the high-performance blockchain infrastructure of the Monad protocol, providing developers with more powerful tool support. Players will enjoy a faster and safer gaming environment, achieving true ownership and monetization of game assets. At the same time, CARV's modular data solutions will also be integrated into the Ethereum Layer 2 platform Base, incubated by Coinbase. Relying on Base's low-cost, high-security L2 technology, CARV will build a more robust and scalable data infrastructure, accelerating the transition of Web2 gaming giants to Web3, and providing global users with a higher standard of data privacy and ownership experience.It is reported that CARV has previously raised a total of $50 million, with investors including well-known institutions such as Tribe Capital, Temasek Ventures, HashKey Capital, and Alibaba Group.

According to ChainCatcher news, as the title sponsor of TOKEN2049, OKX Web3 will host the "OKX Web3 Wallet Carnival and MemeCoin Summit" on the first day of TOKEN2049. The theme of this summit will focus on OKX Web3 Wallet's leading products, on-chain innovation, and MemeCoin culture, and will invite well-known on-chain protocol founders, project parties, and opinion leaders such as Sandeep Nailwal, co-founder of Polygon Labs, Sergej Kunz, co-founder of 1inch, and Keone Hon, co-founder and CEO of Monad Labs, aiming to create a night filled with entertainment and in-depth discussions about MemeCoin.It is reported that the event will take place on September 18, 2024, from 19:00 to 00:00 (UTC +8), and attendees will have the opportunity to engage with industry thought leaders and creators. In addition, the gold sponsors of this event include industry giants such as Polygon, Aptos, Ankaa, 1Inch, DeepLink, Fractal, DappOS, Scallop, Google, Magic Eden, SlowMist, and CoinTelegraph, whose support highlights the significance of this event in the Web3 and MemeCoin communities.

ChainCatcher news, OKX Ventures announced an investment in Monad Labs to drive innovation in Web3 and decentralized computing, jointly shaping the future of blockchain technology.

ChainCatcher news, HTX Ventures announced a strategic investment in Monad Labs. The collaboration between the two parties will drive innovation in the Web3 ecosystem. It is reported that Monad Labs raised $225 million in this funding round, with a valuation of $3 billion, led by Paradigm, with participation from investment firms such as HTX Ventures, Electric Capital, and Castle Island Ventures.Monad Labs is a tech startup founded by a former team from traditional finance giant Jump Trading, aimed at building a scalable smart contract distributed ledger. Monad Labs is committed to building a layer one blockchain to challenge competitors like Solana and Sui. The Monad blockchain is set to launch its testnet in the coming months, with plans to deploy the mainnet later this year.

ChainCatcher news, according to Fortune magazine, Layer 1 blockchain Monad Labs has completed a $225 million financing round, led by Paradigm, with other investors including Electric Capital, Castle Island Ventures, Greenoaks, eGirl Capital, Amber Group, Animoca Ventures, Archetype, Bankless Ventures, Big Brain Holdings, Bodhi Ventures, Breed, Caladan, CMS Holdings, Coinbase Ventures, CoinFund, DBA, Figment Capital, Flow Traders, Galaxy, GSR Ventures, Hailstone Labs, Hermeneutic Investments, HTX Ventures, IOSG Ventures, Makers Fund, Manifold Trading, Merit Circle, Mirana Ventures, Nascent, Presto Labs, Rebirth Ventures, Robot Ventures, SevenX Ventures, Superscrypt, Wintermute Ventures, and others.Angel investors include Inversebrah, Ansem, Hsaka, punk6529, Saquon Barkley, Eric Wall, Rune Christensen, Bryan Pellegrino, Robinson Burkey, Luca Netz, Mert Mumtaz, Shoku, and others.This will be the largest financing in the cryptocurrency space so far in 2024. Monad founder Keone Hon stated that Monad's innovation comes from rebuilding the Ethereum blockchain from the ground up—maintaining the ability to execute smart contracts while completing transactions at a faster speed, higher capacity, and lower cost. Unlike many new blockchains, Monad will fully support EVM.According to the RootData page, Monad is building a high-performance Layer 1 blockchain for the next generation of decentralized applications, with the mission of accelerating the disruptive power of decentralization by building a blockchain that is 100 to 1000 times faster than its closest competitors, alleviating the severe bottlenecks of existing blockchains, and enabling more complex applications and broader adoption.

According to ChainCatcher, citing sources familiar with the matter, Paradigm is in negotiations to lead a funding round of over $200 million for Monad Labs. According to those familiar with the deal, this funding round will follow Monad Labs' announcement of a $19 million seed round in February 2023, bringing the startup's valuation to $3 billion.It is understood that Paradigm has already committed to $150 million and has been reaching out to other investors since the end of 2023 to gauge their interest in joining this funding round. If successful, Monad Labs' funding of over $200 million would be the largest cryptocurrency funding round so far in 2024.The success of Monad Labs among investors also marks the continued influence of Jump Crypto. Two former Jump employees founded Monad in 2022, while the third founder comes from a non-cryptocurrency background.A spokesperson for Paradigm declined to comment when contacted by Fortune, and Monad Labs co-founder and CEO Keone Hon has not immediately responded to a request for comment.

ChainCatcher news, the EVM-compatible blockchain project Monad Labs, founded by former Head of Research at Jump Trading, Keone Hon, has completed a $19 million seed round financing, led by Dragonfly Capital, with participation from Placeholder Capital, Lemniscap, Shima Capital, Finality Capital, angel investors Naval Ravikant, Cobie, and Hasu.The Monad blockchain is set to launch on the testnet in the coming months, with plans to deploy on the mainnet later this year. Monad will adopt a proof-of-stake consensus mechanism and will be compatible with the Ethereum Virtual Machine (EVM). In April 2022, Keone Hon announced his departure from Jump Trading to establish the EVM-compatible new project Monad. (source link)