ChainCatcher news, the KGP-25 proposal for the merger of the Klaytn mainnet and the Finschia project under LINE has been approved through voting, and the next steps and key milestones will be shared in the coming weeks.Previous news, Klaytn will merge with Finschia in phases, and if approved, both parties plan to establish a merger foundation in the second quarter, initiate a new token exchange, complete governance integration, and launch a new business plan for the merged mainnet.

ChainCatcher news, according to official sources, South Korean internet giant Kakao's Layer 1 network Klaytn and Japanese telecommunications giant Line's public chain project Finschia have proposed a merger. The two parties plan to create a new blockchain that supports both the EVM and CosmWasm frameworks, aiming to build the largest web3 ecosystem in Asia.The voting for the merger proposal is scheduled to take place from January 26 to February 2.

ChainCatcher news, Layer1 blockchain Shardeum published a summary of its development journey in 2023. The project successfully raised $7.2 million in strategic funding at a valuation of $248.9 million from nearly 50 ECA participants across 9 countries. Additionally, Shardeum stated that the testnet network peaked with over 35,000 validators, 549,000 smart contracts, and 5 million transactions.According to data from the crypto data platform RootData, Shardeum completed $5.4 million in strategic financing in July this year, and also completed $18.2 million in seed round financing last October.

ChainCatcher news, according to the official announcement, Artela has announced the launch of its public testnet on January 8, 2014. The first phase of the testnet will support Aspect programming, the public testing of Artela EVM, and the initiation of the validator incentive program.Artela will also hold a series of developer activities around the testnet. The first phase of the Artela testnet will publicly test Artela's two core technologies, Aspect programming and Artela EVM, and provide the tools and documentation needed for building dApps on the testnet. Artela will also release multiple end-to-end use cases to guide developers in building innovative applications based on Aspect.

ChainCatcher news, WazirX co-founder Nischal Shetty stated on the X platform that the white paper for the public chain project Shardeum will be released on November 8.It is reported that Shardeum is an EVM-based, linearly scalable smart contract platform that permanently offers low gas fees while maintaining true decentralization and reliable security through dynamic state sharding.According to data from the crypto platform RootData, the company previously completed a $18.2 million seed round financing in October last year and then completed a $5.4 million strategic financing in July this year.

ChainCatcher news, SeeDAO announced that its strategic incubator has decided to launch the Polis public chain project and proceed with its incubation.The ownership of the Polis public chain is 100% held by SeeDAO. The SeeDAO strategic incubator is responsible for the operational decisions of the Polis public chain project and supervises and reviews the project development progress.The initial funding for the Polis public chain comes from the SeeDAO strategic incubator, and the Polis public chain team will work together with the SeeDAO strategic incubator to promote subsequent financing.The Polis public chain project will also include the SeeDAO OS proposed in the white paper, and the team will be responsible for the development of SeeDAO OS, migrating it to the Polis public chain after its release.

ChainCatcher news, the public chain project Everscale Protocol has received investment from Alpha Transform Holdings, with the investment amount undisclosed. Everscale is a blockchain supported by an "infinite sharding mechanism," featuring characteristics such as asynchronous, parallel execution, and scalability.ChainCatcher previously reported that ATH was created by merging some assets of Transform Ventures and Alpha Sigma Capital's parent company, which will launch two asset management funds with a total scale of 100 million USD, namely the Alpha Liquid Fund and the Aegean Venture Fund.

ChainCatcher news, according to The Block, the public chain project Everscale has completed a $5 million strategic investment, with participation from Venom Ventures Fund.It is reported that Everscale is one of the first publicly announced investments by Venom Ventures Fund, and this round of financing will be used to expand its development team. Everscale is a blockchain supported by an "infinite sharding mechanism." (Source link)

ChainCatcher news, WazirX CEO Nischal Shetty tweeted that his founded Layer1 public chain project Shardeum will launch on February 2nd on Sphinx Betanet.According to previous reports from ChainCatcher, the public chain project Shardeum announced the completion of a $18.2 million funding round in October 2022, with participation from institutions such as Spartan Group, Big Brain Holdings, Jane Street, and Foresight Ventures. (source link)

Chain Catcher news, the public chain project DREP has launched a $5 million ecosystem fund, which will be used for the development of NFT-related products and the launch of the GameFi 2.0 plan, supporting the development of products related to the metaverse, NFTs, and GameFi.It is reported that DREP's "GameFi 2.0" plan will provide ecosystem builders not only with a Play-Own-Earn mechanism and a multi-chain console but also includes a built-in NFT liquidity portal and SocialFi element functions for staking and voting. (Source link)

Chain Catcher news, the public chain project Canto announced that early contributors proposed to the DAO to use new parameters to expand the liquidity incentive program, aiming to improve capital efficiency and further coordinate the interests of Canto stakeholders. The proposal has now been approved, reducing the net emission of tokens for security and liquidity mining by approximately 54% compared to the previous period.Among them, the network security emission will change from an inflation rate of 37.74 Canto per block to 10 Canto per block, a reduction of 70% compared to the previous period. The liquidity mining program will release tokens linearly to LP token holders per block, with 72 CANTO per block, which is about a 50% reduction from the previous period.It is reported that Canto was originally a fork of the EVMOS chain and is an EVM-compatible Layer 1 public chain built on the Cosmos SDK, aimed at fulfilling the promises of DeFi. As a product of the post-traditional finance movement, Canto offers better accessibility, transparency, and freedom. (Source link)

According to Chain Catcher news, the public chain project Conflux has received a strategic investment from the Web3 venture capital firm DWF Labs, with the specific amount yet to be disclosed. (Source link)

Chain Catcher news, the Layer 1 project Canto built on the Cosmos SDK, announced the launch of its first hackathon event, the Canto Online Hackathon, which will take place from October 1 to 21. Developers can win a total of 300,000 CANTO by submitting original works in various categories such as ecosystem support, DeFi, and NFTs. The overall champion will receive 100,000 CANTO, and the champions of each subcategory will receive 40,000 CANTO. (Source link)