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Decentralized finance (DeFi) project Hubble Protocol has raised $10 million in funding ahead of its mainnet launch later this month. Hubble will use the capital to expand its team and DeFi project offerings.Investors in the funding round included Three Arrows, DeFiance Capital, Delphi Digital, Digital Currency Group (the parent company
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Solice, a cross-platform PC and virtual reality (VR) game built in the mold of Decentraland and The Sandbox, announced the raise on Thursday. The round was led by Zhu Su’s Three Arrows Capital, with participation from Alameda Research, Jump Capital, Genblock Capital, Kucoin Labs, Solar Eco Fund, CMS Holdings, Rarestone
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Third parties will be able to use BetDex’s back-end infrastructure to run their betting platforms, which takes advantage of Solana’s high transaction speeds and low fees. BetDex says its protocol will charge a fee of less than 1% on net winnings, undercutting centralized competitors like FanDuel and DraftKings who typically
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“Some of these guilds are literally using spreadsheets to keep track of their players’ earnings,” Jay Chang, co-founder of Genopets, told CryptoX in an interview. “Our system saves everyone time, and lets the guilds focus more on other things, like the educational component.” Source
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Solana-based decentralized finance (DeFi) app Tulip raised $5 million in a bid to expand its yield aggregation and crypto lending products.The seven-month-old protocol, which at press time held over $800 million in cryptossets, said Jump Capital and Alameda Research led the “strategic investment.” Tulip recently rebranded; it won a $25,000
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While the blockchain network Solana’s native token has skyrocketed in value this week jumping 31.4%, the Solana-based perpetual swap platform Drift Protocol announced it raised $3.8 million from strategic investors. At the same time, Drift announced the launch of its alpha mainnet after several months of “grind, hard work, debugging,
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Venture cash keeps pumping Solana-based decentralized finance (DeFi); derivatives exchange Drift Protocol is the latest to benefit with a $3.8 million seed raise.Multicoin Capital led the token sale with crypto trading firms Jump Capital and Alameda Research joining, among others. Their participation highlights market makers’ appetite for exposure to Solana’s
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Synchrony, an on-chain asset management protocol built on the Solana blockchain, has raised $4.2 million in strategic funding to further the development of its decentralized finance (DeFi) configurable indices.The funding, led by by Sanctor Capital, Wintermute Trading and GBV Capital, will also go toward its marketing operations as it attempts
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On Monday, the U.S. wing of Sam Bankman-Fried’s crypto empire said its new marketplace, FTX NFTs, will allow users to trade, mint, auction and authenticate Solana-based NFTs. It plans to soon support Ethereum NFTs, the home to the bulk of non-fungibles trading. Original Source
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Metaplex, a company that allows creators and brands to build their own non-fungible token (NFT) storefronts on the Solana blockchain, named Adam Jefferies as CEO of its new Metaplex Studio.The company said Wednesday the studio is tasked with onboarding many more artists and makers onto Metaplex. Jefferies will be responsible
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