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Metis, an Ethereum (ETH) Layer-2 scaling solution powered by Rollup technology to enhance dApps, DAOs, and NFTs for the Web 3.0 economy, has deployed its Mainnet Andromeda. The launch has come after the project began as a hard fork or backward-incompatible variation of the Optimism protocol. The team has also
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In March 2021, MinePlex — a new-generation mobile crypto bank — launched a product called the MinePlex Marketplace. This marketplace gives users the ability to buy products they can’t afford straight away through the simple act of Commodity Staking. Say you want to buy the latest iPhone or MacBook Pro,
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A crowd loan is a Polkadot (DOT) crowdsourcing event in Polkadot that allows the community to support project bids in upcoming parachain slot auctions. Users contribute DOT, receive rewards in project tokens and get their DOT back in two years (a standard slot lease duration). This mechanic helps projects raise
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PStake, the liquid staking protocol from Indian trade finance company Persistence, has closed a $10 million strategic funding round led by Three Arrows Capital, Galaxy Digital, Sequoia Capital India and Defiance Capital. Other investors in the round included Coinbase Ventures, Tendermint Ventures, Kraken Ventures, Alameda Research, Sino Global Capital, Spartan
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Foundry Digital, which is among the world’s top five bitcoin mining pools, launched a new business called “Foundry Staking” to provide services to institutions related to various proof-of-stake (PoS) blockchain networks.“We have made significant investments in engineering talent and PoS infrastructure to replicate our mining success in the fast-growing staking
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CoinList, a token sale platform popular among cash-hungry crypto projects and early investors alike, has raised $100 million in its first equity round in nearly two years.The company is now valued at $1.5 billion, CEO Graham Jenkin told CryptoX. He said Accomplice VC and Agman Partners led the round.The capital
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After months of intense development and beta testing Cartesi is proud to announce that Staking Delegation is live on mainnet. Erick de Moura, CEO of Cartesi, says, “This is a fundamental turning point where Cartesi starts to become a more collective construction. Our community’s participation matters and makes us all stronger,
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When the Ethereum Network launched its Deposit Contract and began its journey into a Proof-of-Stake (PoS) based consensus, critics doubted that it was going to generate enough interest to lock the necessary 500,000 ETH. At the time of writing, over 7 billion ETH or $25 billion have been sent to
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Stader Labs, a cryptocurrency staking management platform, has today announced a $4 million financing round to accelerate development across multiple blockchains including Ethereum, Near and Polkadot, as well as broadening its marketing campaigns.The funding raise was conducted by Pantera Capital, with participation from a prominent number of venture capital funds,
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Unlike other layer-2 blockchain solutions, Aventus is enterprise-grade, having an agreement to onboard over 58 million transactions from a variety of clients across various sectors. The Aventus Staking Program is already 80% full and has begun processing the first of at least 58 million transactions. The publicly stated goal of the company
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