ChainCatcher news, according to The Block, cryptocurrency venture capital firm Paradigm has announced a $20 million investment in its spin-off company Ithaca. Ithaca is developing a new Layer 2 blockchain called Odyssey, aimed at accelerating the development of blockchain technology.Paradigm's Chief Technology Officer and General Partner Georgios Konstantopoulos will serve as the CEO of Ithaca while retaining his position at Paradigm. Paradigm co-founder Matt Huang will serve as the chairman of Ithaca.The Odyssey Layer 2 is built on Reth and the OP Stack and is currently live on the testnet. Konstantopoulos stated that Ithaca is building a complete technology stack needed by developers and users for faster deployment and lower barriers to entry.

ChainCatcher news, recently, the first AAA MOBA blockchain game in the Web3 field, Infinitar, announced the successful completion of a $11.9 million financing round, led by Lam Group and AccelByte, with follow-on investments from Waterdrip Capital, AC Capital, DEX Ventures, and Mason Labs, resulting in a post-investment valuation of $150 million.Previously, Infinitar announced the completion of a seed round and angel round financing totaling $2.9 million, with Series A financing amounting to $9 million. The continued investment from Lam Group and AccelByte demonstrates a strong confidence in Infinitar's future development potential, providing robust financial support for its further expansion into global markets and driving product innovation.

ChainCatcher news, according to official sources, the Base ecosystem token launch platform Trendies has completed a $1.75 million Pre-seed funding round, led by Archetype, with participation from Coinbase Ventures' Base Ecosystem Fund and several angel investors.It is reported that Trendies is a launch platform designed for token holders, who will be rewarded for their activity in the community. On Trendies, token holders earn rewards by creating memes, liking popular content, and staking tokens.

ChainCatcher news, according to The Block, Bitcoin ecosystem stablecoin developer Yala has completed an $8 million seed round financing, led by Polychain Capital and Ethereal Ventures, with participation from Galaxy, Anagram, ABCDE, Amber Group, HashKey Capital, Satoshi Lab, and UTXO Management.The funds from this financing will primarily be used for team expansion, product development, and security enhancements, as well as preparations for the mainnet launch. Additionally, investors have committed to collateralizing over 2,000 bitcoins to Yala.It is reported that Yala's mission is to connect Bitcoin with major ecosystems through stablecoins as a medium, enhancing Bitcoin's liquidity. Its modular architecture allows Yala to deploy across EVM-compatible platforms (such as Ethereum) and non-EVM systems (such as Solana), thereby enhancing Bitcoin's composability and promoting the development of an open Bitcoin DeFi ecosystem. According to official sources, Yala's testnet will be launched next week.

ChainCatcher news, according to CoinDesk, the Web3 gaming and edtech ecosystem PiP World has announced the completion of a $10 million seed round financing, with the investor being the fintech company Exinity. PiP World plans to use this funding to create "Duolingo for the cryptocurrency space."According to the press release, the PiP World ecosystem combines gameplay with personalized learning and includes several products: PiP Trader (a AAA strategy management simulator game for building trading portfolios), Gold Rush (a click-to-earn game on the Telegram platform), PiP Academy (a gamified application that simplifies financial concepts), and StockRise (a stock simulator).The platform aims to help global users better understand and engage with cryptocurrency and financial markets through fun gaming experiences and personalized learning approaches. PiP World founder and CEO Saad Naja stated that this financing will help the company expand its product offerings and reach more global users, especially in emerging markets where financial tools and knowledge are scarce.Additionally, the Web3 asset data platform RootData shows that PiP World is a Web3 gaming and edtech ecosystem designed to make financial market education fun, engaging, and easy to understand. It has launched a game called Gold Rush on Telegram, providing players with meaningful financial education while incorporating fun and addictive gaming experiences that simulate the excitement of cryptocurrency trading, while also creating a strategic foundation for real trading in the cryptocurrency market.

ChainCatcher news, the blockchain network interoperability project delta has announced the completion of a $11 million financing. This financing is divided into two phases, including a pre-seed round led by Figment Capital and Maven 11, and a seed round led by Variant and DBA. Other participants include Reverie, Castle Island Ventures, Credibly Neutral, Ambush Capital, Robot Ventures, Delphi Ventures, Public Works, Komorebi Collective, and others.It is reported that delta aims to create a network system with global state sharing, providing developers with a balanced solution of sovereignty and interoperability through the separation of execution and data availability. The system also introduces zero-knowledge proof settlement methods to achieve seamless multi-domain interoperability.

ChainCatcher news, according to Coindesk, the multi-chain Layer1 network Apex Fusion has completed a $6 million funding round through a private token sale. The funds will be used for marketing and further development of the network composed of Prime, Nexus, and Vector chains. It provides native bridges, interoperability protocols, and developer tools.It is reported that Apex Fusion aims to provide a seamless experience for future blockchain builders and developers by combining the essence of UTXO and EVM transaction execution methods into a single decentralized ecosystem.

ChainCatcher news, the decentralized open-source AI platform OpenGradient has announced the completion of a $8.5 million seed round financing. This round of financing was participated by a16z Crypto Startup Accelerator (a16z CSX), Foresight Ventures, SV Angel, Coinbase Ventures, SALT Fund, and Symbolic Capital. Notable industry figures such as former Coinbase CTO Balaji Srinivasan, NEAR founder Illia Polosukhin, and Polygon founder Sandeep Nailwal also participated as angel investors.It is reported that OpenGradient is committed to accelerating the development of open-source artificial intelligence, providing scalable on-chain AI computing capabilities while ensuring the verifiability, attribution, and security of AI deployment and hosting.

ChainCatcher news, according to Chainwire, the UK Web3 game studio Dragonz Lab today announced that it has raised $9 million in funding led by Syndicate Capital Limited Partnership Fund (LPF).It is reported that LPF is a venture fund focused on investments in Web3, blockchain, and artificial intelligence, playing the role of a community builder to promote the development of the digital economy. This strategic equity investment aims to strengthen the development of Dragonz Land (a utility-driven Play-2-Earn game) and promote the development of digital property rights and the Web3 ecosystem.

ChainCatcher news, according to official sources, the startup Botanika, focused on ultra-scalable decentralized data storage solutions, announced the completion of a $1.5 million angel round financing. This round of financing attracted 30 angel investors, including industry leaders such as Jasmine Zhang, General Partner at A&T Capital, and Aamer Chaudhry, Head of Accenture.

ChainCatcher news, according to Hong Kong Commercial Daily, Jin Hualong, Chairman of Fosun Wealth Holdings, stated that they will seize the development opportunities brought by Web 3.0 and actively expand into emerging fields such as virtual assets.Fosun Wealth is an important technology financial service and investment entity wholly owned by Fosun International in Hong Kong. Its subsidiary, Fosun International Securities Limited, was approved by the Hong Kong Securities and Futures Commission in June this year to provide a virtual asset trading service license and is currently expanding its product portfolio to offer integrated financial solutions. In the future, Fosun Wealth Holdings will orderly carry out related businesses such as virtual asset trading and trading financing.

ChainCatcher news, MEV infrastructure developer Semantic Layer announced the completion of a $3 million seed round financing, led by Figment Capital, with participation from Hack VC, Robot Ventures, and Bankless Ventures.Semantic Layer aims to enhance the infrastructure for transaction execution through its Verifiable Aggregation Rules (VAR) and Verifiable Sorting Rules (VSR).Daniel Tong, co-founder of Semantic Layer, stated that the main purpose of this round of financing is to develop the core products of Semantic Layer and increase the market awareness of ASS.

ChainCatcher news, Bitcoin Layer2 project Bitlayer has completed a $9 million A+ round financing with a valuation of $300 million. This round was led by Polychain Capital, with Franklin Templeton co-leading, and participation from SCB Limited, Selini Capital, G-20 Group, and other investors.Bitlayer co-founder Charlie Hu revealed that this round of financing started in early August and concluded last week. Just three months ago, the company had completed a $11 million Series A financing.Like the previous Series A financing, Bitlayer's A+ financing uses a Simple Agreement for Future Equity (SAFE) structure, accompanied by token warrants, with a valuation of $300 million, which includes both equity valuation and fully diluted token valuation. The latest round of financing brings Bitlayer's total funding to $25 million.

ChainCatcher news, according to Fortune, a startup focused on developing AI applications for specific fields, Kiva AI, has announced the completion of a $7 million seed round financing, led by cryptocurrency venture capital firm Coinfund. Institutions such as Protagonist, Hashkey, and Peer VC participated in the follow-on investment.Kiva AI aims to provide specialized AI solutions for industries such as healthcare, finance, and law. Kiva AI employs a "human-in-the-loop" approach, hiring experts from around the world to participate in data labeling to ensure the accuracy and reliability of AI models, especially in high-risk areas such as medical diagnosis and legal document analysis.Kiva AI creates additional income opportunities for highly skilled talent worldwide. The company plans to use cryptocurrency to pay overseas experts, which not only provides higher value for the experts but also reduces costs for the company.

ChainCatcher news, the digital advertising ecosystem ATT has completed a new round of financing with participation from Panda Capital, though the specific amount has not been disclosed.It is reported that Advertising Time Token (ATT) is a Web3.0 project that integrates RWA and DePin technologies, utilizing a unique DA-AIOT-P (Decentralized Assets - Artificial Intelligence of Things - Payment) mechanism to build a new digital advertising ecosystem that combines physical advertising assets, e-commerce merchants, user resources, and digital technology.

According to ChainCatcher news, Bisonswap has completed its Series A financing, with strategic participation from institutions such as Alves Ventures and Dekrypt Capital.Bisonswap is a decentralized exchange based on UTXO, supporting the trading of various crypto assets and attracting user participation through liquidity incentive mechanisms to enhance overall liquidity. In the future, Bisonswap will continue to expand its ecosystem, optimize user experience, and promote the development of decentralized finance.

ChainCatcher news, the Meme coin fair issuance platform PPKING based on the TON public chain has announced the completion of a $2 million seed round financing, led by Crypto Labs, with participation from BlackBridge, Cityblok, Faculty Capital, Seed Club Ventures, CoinIX, and Three M Capital.It is reported that PPKING is a Meme coin fair issuance platform based on the TON public chain, aiming to create an efficient, secure, and entertaining decentralized financial platform through innovative DeFi mechanisms and a deep integration with MEME culture.

ChainCatcher news, according to Cryptonews, based on the report "State of Solana: Breakpoint Edition," in the third quarter of 2024, 29 projects built on the Solana blockchain secured $173 million in private funding, the highest level since the second quarter of 2022.There was continuous growth every month in the third quarter of 2024, with September's $103 million being the strongest month since June 2022. The tokenized funding market for Solana also saw significant growth, doubling in total value to $123 million within just 30 days. This surge was primarily driven by the inflow of $50 million USDC from Ethereum on September 23.

ChainCatcher news, Bitcoin ecosystem oracle APRO Oracle has completed a $3 million seed round financing, led by Polychain, ABCDE, and Franklin Templeton, with participation from CMS Holdings, Comma3 Ventures, UTXO Ventures, Oak Grove Ventures, Presto Labs, and others.It is reported that APRO Oracle aims to bring liquidity to the Bitcoin ecosystem.

ChainCatcher news, Web3 AAA MOBA chain game Infinitar announced the completion of a $9 million Series A funding round, led by Lam Group and AccelByte, which also took up the remaining funding amount, with a post-investment valuation reaching $150 million.On October 1, Infinitar announced the completion of a total of $2.9 million in seed and angel round financing, with a planned total funding amount of $9 million.According to the crypto data platform RootData, Infinitar is a Web3 MOBA game that supports various arena modes, including individual rankings with 421 levels, 3v3, and 5v5 battles, catering to different player preferences.