ChainCatcher news, the Web3 education platform Academic Labs announced on the X platform that it has completed a new round of financing of $3.2 million, with participation from UOB Ventures Management, Signum Capital, HTX Ventures, Web Master, WIDUSPartners, DWF Ventures, Blockchain for Good Alliance, AsiaTokenFund, and Citystate Group. Specific valuation information has not yet been disclosed.According to reports, the team stated that information regarding new products, token airdrops, and token listings will be released in the coming weeks. The new funds will be used to expand ecosystem coverage and enhance collaborations with universities.ChainCatcher news, Academic Labs is developing an AI web3 education platform that uses its native token ACAD to incentivize content creators to create engaging gamified learning content, quizzes, and videos, focusing on learning English and blockchain knowledge/programming. High-quality content creators can monetize their work using PUBLISHER NFT and earn reputation NFTs from user feedback on their creations.

ChainCatcher news, according to Theblock, the Fantom Foundation announced the completion of a $10 million strategic financing, led by Hashed, with participation from UOB Ventures, Signum Capital, SoftBank, Aave Foundation, and others. The funds from this round of financing will be used to support the Sonic Foundation, as well as strategic growth and ecosystem development, with a particular focus on enhancing the liquidity of automated market makers and blue-chip pools in the money market. This move aims to attract users from Ethereum and other Layer 2 networks.Additionally, the Web3 asset data platform RootData shows that Fantom is a high-performance, scalable, EVM-compatible, and secure smart contract platform. Developers can quickly port existing Ethereum-based DAPPs to the Fantom Opera mainnet, significantly improving performance and reducing costs.