Web3 fan platform Medallion completed $13.7 million in Series A financing, led by Dragonfly and Lightspeed Faction
On December 21, Web3 fan platform Medallion announced the completion of a $13.7 million Series A financing round, co-led by Dragonfly and Lightspeed Faction. The platform provides an exclusive digital center for artists to promote album releases, tour dates, and merchandise, as well as sell digital collectibles and share exclusive content to deepen their connection with fans.
Paul Chan Mo-po: Hong Kong has a clear goal of developing a third-generation Internet hub
Paul Chan, Financial Secretary of Hong Kong, stated that the goal of Hong Kong is clear to develop as a hub for the third generation of the internet, Web3.0. Cyberport has already gathered over 210 companies involved in Web3.0, with founders from over 20 countries and regions worldwide, covering a wide range of businesses. Hong Kong released a policy statement on the development of virtual assets in Hong Kong at the end of October last year, and it has been over a year since then. The third-generation internet market is developing rapidly, with some challenges and greater opportunities. Paul Chan also stated that security is a must and development is necessary. In the pattern of winner takes all, driven by the first-mover effect and network effect in the online world, how to seize opportunities in challenges and transform them into new blue oceans is a key question in continuously leading the global Web3.0 market.
OKX Web3 wallet supports Manta New Paradigm
According to the official website, OKX Web3 wallet now supports Manta New Paradigm. Users can participate in New Paradigm through the OKX Web3 wallet plugin or on the OKX App. New Paradigm is an income product launched by Manta Network using the Blast mode. It has been online for three days and the total locked value exceeds 58 million US dollars. Users can pledge ETH and USDC to Manta Pacific, invite friends to participate, and get five-fold returns, including fixed returns of ETH and USDC, NFT rewards that can be exchanged for MANTA tokens, combinable rewards obtained by participating in DeFi, SocialFi, GameFi, and other activities in the Manta Pacific ecosystem, additional rewards provided by Manta Pacific ecosystem projects for users, and Restaking rewards provided by Eigenlayer. OK Web3 Wallet is a one-stop Web3 entrance that supports 80+ public chains. The app, plugin, and webpage are unified, covering five major sections: wallet, DEX, DeFi, NFT market, and DApp exploration. It also supports Ordinals market, MPC and AA smart contract wallets, gas exchange, connection to hardware wallets, and more.
Circle Programming Web3 Wallet Platform Open for Public Beta
Circle Developers has announced the public beta launch of its programmable Web3 wallet platform for USDC stablecoin issuer Circle. The platform allows developers and merchants to integrate Circle's programmable wallet and customize it based on the user experience of their application. They can also choose suitable wallet security and control configurations, and build services on the platform for consumers to send, receive, and store cryptocurrencies, including Circle's USDC and NFT.
Web3 cloud computing platform "4EVERLAND" completed US$2 million in financing, with participation from Arweave and others
Web3 cloud computing platform "4EVERLAND" completed a $2 million financing round, with participation from institutions such as Arweave, WaterDrip Capital, Bing Ventures, Forward Research, Web3.com Ventures, Arweave SCP Ventures, GTS Ventures, Hillstone, and others.4EVERLAND is a Web3.0 infrastructure driven by blockchain technology, integrating various DePIN protocols to provide developers with convenient, efficient, and low-cost storage, networking, and computing capabilities. It is committed to helping developers smoothly transition from Web2.0 to Web3.0 and building a user-friendly Web3.0 cloud computing platform.Before this round of financing, 4EVERLAND had already received grant funding from ecosystems such as Polygon, Protocol labs, Dfinity, and Arweave. 4EVERLAND previously completed a $1.5 million seed round of financing with participation from Bixin Ventures, Fenbushi Capital, FBG Capital, Mint Ventures, Random Capital.
Lessons on Points Programs for Crypto Apps
Across the landscape, founders are adding offchain points programs to their applications, from Rainbow wallet giving users points for using Ethereum, to Friend.tech building its engagement loop around points, to NFT marketplace Blur’s new L2 Blast incentivizing users with Blast Points for bridging funds (over $800 million TVL since November). In some instances, these points allude to a future fungible token with real economic value; in other instances, users have made that leap of faith themselves. This trend comes amidst a broader search for product-market fit in crypto and ways to engage users in the middle of a bear market.
Bow down to our new music-tech overlords
The music-tech market is hotter than ever — so hot that it might be reaching a boiling point. While music and tech have always been tightly intertwined throughout history, the concept of music-tech as a vital investment category has emerged only in the last two decades, with significant momentum bubbling up in the last five years. We can break down this evolution into three stages:
Web3 social application INTO's ecological token TOX is officially launched on Gate.io
The ecological token TOX of the well-known Web3 social application INTO was officially launched on the top ten global exchanges Gate.io on December 19th at 20:00, and the TOX/USDT trading pair was opened. Users can trade, purchase, convert and deposit/withdraw TOX on Gate.io.It is reported that INTO, as a Web3 social application, integrates encrypted wallets, SocialFi, SoulBound Token (SBT) and AI-assisted Web3 community operation management tools and other functions, committed to providing users with an open, free, efficient, secure and compatible decentralized social environment. Official data shows that INTO's current number of users has exceeded 4 million, and SBT users have exceeded 400,000, and has successfully entered more than 50 countries and regions.
Web3 promoter Fiat Republic raises $7 million in seed round, with participation from Kraken Ventures
Fiat Republic, a web3 advocate for encryption platforms, has raised $7 million in a delayed seed funding round. This round of financing received Kraken Ventures' first investment (supporting Shield and Rally), Fabric Ventures, Arca, Inovo.vc, and Pretiosum Ventures, as well as existing investors Speedinvest, Credo Ventures, and Seedcamp.This funding will drive its development and expansion, as well as key initiatives such as strategic recruitment, strengthening bank partnerships, and expanding into new areas.It is reported that Fiat Republic is building a cryptocurrency platform alliance to gain strong representation in regulatory agencies, lead the development of asset class standards, and change the traditional financial institutions' perspectives.
Web3 game Layer2 COMBO mainnet officially launched
On December 18th, according to official sources, Web3 game Layer2 COMBO announced the official launch of its mainnet, meeting the high-performance and low-fee requirements for game development, and building a convenient Web3 game development, deployment and operation ecosystem for developers.
