ChainCatcher news, Bitcoin protocol layer Surge announces the completion of a $1.8 million Pre-Seed funding round, with participation from Autonomy, Gerstenbrot Capital, Double Peak Group, Sats Ventures, Vamient Capital, Samara AG, and angel investors including Rushi Manche from Movement Labs, CoinGecko co-founder Bobby Ong, and TM Lee.The new funding will drive the development of its MetaLayer to fully realize Bitcoin's potential as a global currency base layer.Surge stated that it plans to launch its testnet soon.

ChainCatcher news, Bitcoin protocol layer Surge announces the completion of a $1.8 million Pre-Seed round of financing, with participation from Autonomy, Gerstenbrot Capital, Double Peak Group, Sats Ventures, Vamient Capital, Samara AG, and angel investors including Rushi Manche from Movement Labs, CoinGecko co-founders Bobby Ong and TM Lee.The new funding will drive the development of its MetaLayer to fully leverage Bitcoin's potential as a global monetary base layer.It is reported that Surge plans to launch its testnet soon.According to RootData, Surge is a modular Rollup as a Service (RaaS) platform aimed at the Bitcoin ecosystem. Surge provides a platform for launching high-performance, customizable, general-purpose, or application-specific Rollups on Bitcoin, significantly reducing their time to market.

ChainCatcher message, the full-chain identity and distribution protocol Layer3 has announced its expansion to the Solana network, aiming to create a consumer distribution layer for the Solana protocol, supported by L3 tokens natively provided on Solana via Wormhole.This expansion brings several new features, including optional token migration through Wormhole & Portal, new leaderboards, rewards, user progress and community structure, as well as L3 staking on Solana via Wormhole.

ChainCatcher news, the token distribution protocol Layer3 Foundation announced in its official Discord community that it will release the initial L3 token allocation checker on July 24, but the tokens will not go live on that date. The Layer3 Foundation stated that they have been working hard to gather feedback from the community and create a token economic model that aligns with the long-term development of Layer3.

ChainCatcher news, according to The Block, the token distribution protocol Layer3 has completed a $15 million Series A funding round, co-led by ParaFi and Greenfield Capital, with participation from Electric Capital, Immutable, Lattice, Tioga, LeadBlock, Amber, and others.It is reported that Layer3 is also developing a new AI protocol to optimize token distribution strategies, which is expected to be launched later this year.

ChainCatcher news, the cross-chain interoperability protocol LayerZero has launched on Merlin Chain. This integration enables Merlin to connect with over 70 other networks. Developers can leverage Merlin's core features, such as BRC-20/420.According to the Web3 asset data platform RootData, LayerZero is a full-chain interoperability protocol designed for lightweight messaging across chains. LayerZero provides trusted and secure messaging with configurable decentralization.

ChainCatcher news, according to official sources, the cross-chain interoperability protocol LayerZero has been launched on the Near mainnet. Developers based on LayerZero can now easily extend their applications to integrate with the NEAR network.

ChainCatcher news, the cross-chain interoperability protocol LayerZero has launched the functionality to transfer the liquid staking protocol Lido Finance's wrapped stETH (wstETH) on Ethereum, Avalanche, BNB Chain, and Scroll. wstETH has been integrated with LayerZero's omnichain fungible token standard (OFT standard). Additionally, LayerZero's wstETH has not yet received formal approval from Lido.

ChainCatcher news, the modular L2 protocol Layer N has announced the completion of a $5 million seed round financing, led by Founders Fund and dao5, with participation from Kraken Ventures, Spencer Noon, and others. It is reported that Founders Fund invested $1.8 million in this round. Layer N focuses on increasing transaction throughput and reducing latency to replicate the speed of traditional financial markets in the blockchain space.It is reported that Layer N had previously planned to build its blockchain on Solana and announced funding from FTX Ventures in November 2022, before the collapse of FTX, but in reality, these funds were not able to be realized. Layer N plans to launch its testnet within one to two months, but due to regulatory uncertainties and unresolved issues such as whether tokens will add value for users, the company has not yet decided whether to release tokens like other Layer 2s such as Optimism and Arbitrum.

ChainCatcher news, the interoperability protocol LayerZero announces new support for the Cosmos ecological public chain Canto mainnet, allowing projects built on Canto to seamlessly extend their applications to over 30 chains supported by LayerZero.It is reported that developers building with LayerZero can also extend to Canto.

ChainCatcher news, zero-knowledge proof startup RISC Zero announced a joint launch of a zero-knowledge fraud proof system with the modular L2 protocol Layer N. This system enhances blockchain performance while ensuring the reliability and security of the blockchain by porting Layer N's execution environment to RISC Zero's zk virtual machine.In the future, zkVM will also achieve compatibility with other execution layers, such as EVM, SVM, and WASM. (source link)

ChainCatcher news, Layer1 public chain Radix announced a partnership with the interoperability protocol LayerZero, planning to integrate LayerZero with the Radix Babylon public network to encourage cross-chain communication and asset transfers to the Radix ecosystem. It is reported that the Web3 interoperability integration between Radix and LayerZero will be launched in the second half of 2023. (source link)

ChainCatcher news, OKX Ventures announced a strategic investment in the cross-chain communication protocol LayerZero. LayerZero is a system that enables trustless direct transactions across all blockchains, integrating fragmented assets from different chains. OKX Ventures founder Dora stated that LayerZero is becoming a key infrastructure for cryptocurrency.Earlier, ChainCatcher reported that LayerZero completed a $120 million Series B funding round at a valuation of $3 billion, with participation from a16z, IOBC Capital, Sequoia Capital, Christie's, and Circle Ventures.

ChainCatcher news, the new public chain Aptos has integrated the interoperability protocol LayerZero. The Aptos ecosystem will use LayerZero to unlock cross-chain opportunities. LayerZero will enable the Aptos team to provide critical infrastructure, applications, and advanced tools for the entire Move ecosystem and beyond. (Source link)