Ordinals-based Tap Protocol Raises $4.2M to Advance Bitcoin Adoption
Tap Protocol, a blockchain startup under Trac Systems, has raised $4.2 million in a funding round led by Sora Ventures. The capital raised will be used to further develop the company's initiatives, particularly in the Bitcoin ecosystem. Tap Protocol focuses on leveraging the capabilities of the Bitcoin blockchain through the Ordinals system, and the funding will be instrumental in fostering innovation and contributing to the broader ecosystem of applications built on the Bitcoin blockchain. The company aims to refine its infrastructure, enhance user experience, and explore novel applications within the Bitcoin ecosystem, including tokenization, gamification, and Decentralized Finance (DeFi).
Lightspeed Faction launches $285M early-stage crypto fund
According to TechCrunch, the blockchain-focused venture capital firm Lightspeed Faction announced the launch of a $285 million early-stage crypto fund, which will focus on early-stage blockchain projects raising seed or Series A funding. The fund was initially planned to raise $250 million but exceeded the target by 14%. The average investment size is between approximately $5 to $10 million. Prior to going public, the fund has already invested approximately 20% of its capital in a few projects, with a deployment period of approximately three years.
Amazon to Invest $4 Billion in Anthropic to Become Its Primary Partner
According to Bloomberg News, Amazon will invest up to $4 billion in Anthropic, becoming a key partner in the field of generating artificial intelligence and demonstrating its trust in the popular startup company.As part of the deal, Anthropic will transfer most of its software to Amazon Web Services data centers and use the cloud computing company's local chips to train models to support chatbots and other applications.
Aave Community Holds On-Chain Vote on Proposal To Fund Aave Robots for Automated Governance V2
On September 1st, Aave community is conducting an on-chain vote for funding the Aave robot for automated governance of V2, which will end on September 3rd. The proposal aims to use LINK tokens from the Aave Collector contract to fund the operational costs of the Aave robot, which will help automate certain permissionless actions in Aave governance v2 and improve the overall effectiveness of Aave governance.
A New Proposal From the ApeCoin Community Proposes To Allocate a Budget of $1 Million in Two Quarters Through the Grants Program DDA
Decentralized funding management platform Questbook has launched a new proposal AIP-252 in the ApeCoin community, proposing that ApeCoin DAO provide funding for teams that meet the ApeCoin roadmap, and allocate a budget of $1 million in two quarters through the community-operated grants program "Delegated Domain Capital Allocation Model (DDA)".
Fuel Has Launched Its Q4 Grant Program, With Applications Open August 28–September 11
On August 29th, Fuel, a modular execution layer, launched its Q4 funding program. The application period runs from August 28th to September 11th, and will provide up to $50,000 in funding for up to 10 projects. Recipients will also have 3 months to use Fuel's technology stack to create an MVP, with support from Fenbushi Capital, OIG Capital, The Spartan Group, and others. Additionally, the Q3 funding program has ended, with over 70 applications received.
Crypto-Native Fund Momentum Capital Gets $10 Million From BM Fund
San Francisco-based crypto-native fund Momentum Capital (MTCapital) announced that it has received a $10 million investment from Canadian BM Fund and completed the funding in July this year.It is reported that Momentum Capital has successfully invested in top projects such as Polkadot, ZkSwap, Flow, and MakerDAO.
Web3 Social Data Site Port3 Network Completes Multi-Million Dollar Financing and Receives Grants From Binance Labs and Other Companies
On August 16th, PANews reported that Web3 social data portal Port3 Network announced on Twitter that it has completed a new round of funding worth millions of dollars, with participation from EMURGO, Adaverse Accelerator, Gate Labs, and others, bringing its total funding to $10 million.
NFT Project y00ts Will Migrate to Ethereum
On August 10th, NFT project y00ts announced that it will migrate to the Ethereum network, and the migration date will be announced soon. They will return 100% of the funding provided by Polygon.Earlier this year, y00ts migrated from the Solana ecosystem to Polygon.
unshETH Raises $3.3 Million in Funding from Notable Investors
unshETH, a prominent project in the Ethereum ecosystem, is excited to announce that it has successfully raised $3.3 million in funding. The investment round saw participation from several notable investors, including Soma Capital, ICONIQ Growth, The LAO, Backend Capital, Electric Feel Entertainment, MH Ventures, 300DAO, Jai, and many others.
