Cointime

Download App
iOS & Android

ARPA Network Secures Investment From DWF Labs to Fuel Growth of Decentralized Computing Solutions

ARPA Network has announced a multimillion-dollar strategic investment from DWF Labs to transform the blockchain landscape and usher in new standards of privacy, security, and fairness. The collaboration aims to enhance ARPA’s research and development capability of cryptography and blockchain, establish a connection with DWF’s portfolio projects, and facilitate the wider utility of threshold signature scheme across multiple verticals in the blockchain industry. ARPA Network’s threshold BLS signature network provides a reliable infrastructure for verifiable random number generators (RNGs), secure wallets, cross-chain bridges, and decentralized custody across multiple blockchains. The investment from DWF Labs will help to expedite the development of innovative applications built upon its infrastructure, including solutions for gaming, lottery, nonfungible token (NFT) minting, whitelisting, key generation, and blockchain validator task distribution. The partnership will also provide ARPA Network with additional resources and support needed to continue its rapid growth and development, expand its marketing efforts, raise its brand profile, and engage even more diverse audiences across multiple industries.

Comments

All Comments

Recommended for you

  • Crypto wallet Deblock completes approximately $16.8 million in seed round financing

     Deblock, a cryptocurrency wallet created by former Revolut and Ledger executives, has raised an additional £13.3 million (approximately $16.8 million) in seed funding, as reported in documents submitted to the UK Companies House this month. Primary investors in this round of funding include Headline, Hoxton, 20VC, and Chalfen, according to documents filed in October. Sifted previously reported that the startup had quietly raised €12 million last year. Deblock was founded in August 2022 by former Revolut cryptocurrency chief Jean Meyer, payment chief Aaron Beck, and former Ledger engineering chief Mario Eguiliuz.
  • Stablecoin infrastructure platform Noble receives $15 million in Series A funding led by Paradigm

    stablecoin infrastructure platform Noble has completed a Series A financing round led by Paradigm, raising $15 million. Noble has partnered with stablecoin issuers such as Circle, Ondo Finance, Hashnote Labs, and Monerium, and currently manages assets worth more than $458 million.
  • 0G Labs Completes $40 Million Seed Round and Receives $250 Million Token Purchase Commitment

    Zero Gravity Labs (0G Labs or 0GL), a startup company in the field of cryptocurrency and artificial intelligence, announced that it has raised $290 million in new financing. This includes $40 million in seed funding raised by the laboratory and a $250 million token purchase commitment received by the 0G Foundation (an independent management organization of the 0G protocol).
  • Crypto entertainment platform BetHog completes $6 million seed round of financing

    cryptocurrency sports and entertainment platform BetHog announced the completion of a $6 million seed round of financing, led by 6MV, with participation from Will Ventures, Bullpen Capital, and others. BetHog was founded by Nigel Eccles and Rob Jones, co-founders of FanDuel, and is built on the Solana blockchain, with SOL as the support token for PvP games. In addition, BetHog also supports betting with Bitcoin, Ethereum, and USDT.
  • StakeStone Completes $22 Million Financing, Led by Polychain Capital

    Ethereum liquidity collateral protocol StakeStone announced the completion of a $22 million financing round, led by Polychain Capital. This financing round includes strategic investments from Binance Labs and OKX Ventures, seed round financing led by SevenX, and participation from Nomad Capital, HashKey Capital, and others.
  • Hong Kong venture capital group The Z Label has completed a HK$90 million financing and plans to use blockchain and other new technologies to empower its products

    Hong Kong venture group The Z Label announced the completion of a HKD 90 million financing round, led by Beyond Ventures. The new funds will be used to create innovative consumer products for the global Z generation, utilizing new technologies such as artificial intelligence (AI), big data, spatial computing, and blockchain to find early market fit. The company will also combine technology research and development with cross-industry collaboration to drive enterprise incubation and industry innovation.
  • Decentralized AI orchestration platform Naptha AI completes $6 million Pre-Seed round of financing

    decentralized, multi-agent AI orchestration platform Naptha AI announced the completion of a $6 million Pre-Seed round of financing, led by Arche Capital and Cyber Fund, with participation from Seed Club Ventures, Polymorphic Capital, GnosisDAO, Halo Capital, and others.
  • Ellipsis Labs Completes $20 Million in New Funding

    Ellipsis Labs has announced the completion of a new round of financing of $20 million, with participation from Haun Ventures, aimed at accelerating the launch of Atlas, a second-layer blockchain focused on verifiable finance. Haun Ventures said that this round of financing is a "quick follow-up" to Ellipsis Labs' $20 million Series A financing completed in April.
  • MarbleX and Netmarble Launch $20 Million Ecosystem Promotion Plan

    Ethereum game platform Immutable has announced a partnership with the blockchain game division Marblex of South Korean gaming giant Netmarble. The collaboration will migrate Marblex's ecosystem and its multiple games from the Klaytn blockchain to the Ethereum Layer 2 network Immutable zkEVM. The games include "Ni no Kuni: Cross Worlds", "A3: Still Alive" and "Meta World: My City", and the two parties will also launch an "ecosystem promotion plan" to provide up to $20 million in support to developers to attract new games to join Marblex and Immutable. It is currently unclear whether the Immutable migration will affect Saga's plans, and the project representatives have not commented on the issue.
  • Blockchain Asset Management announces launch of a dedicated blockchain fund for accredited investors

    Blockchain Asset Management, a cryptocurrency fund with a scale of $100 million, announced the launch of an exclusive blockchain fund for qualified investors. The specific amount of funds raised by the fund has not been disclosed yet, but it is said to have reached "eight figures", which means it is in the tens of millions of dollars. In addition, the investment threshold for the new fund is $100,000, and all investors are required to meet the approved standards (annual income exceeding $200,000, net assets exceeding $1 million).