Web3 social music service SOMESING reaches cooperation with DWF Labs and receives additional investment
According to the official blog, Web3 social music service SOMESING has announced a strategic partnership with Web3 investor DWF Labs. This investment is in addition to DWF Labs' investment last year. This marks the establishment of a strategic alliance between the two parties to build the "Singverse (Sing+Universe)" initiative, which aims to unite individuals through the universal language of music. In this partnership, SOMESING will continue to implement a comprehensive global localization strategy.
Web3 social protocol beoble completed a $2 million Pre-Seed round of financing, with participation from DCG and others
On November 16th, the Web3 social protocol completed a $2 million Pre-Seed round of financing, with participation from DCG, Samsung Next, HashKey Capital, GBV Capital, Token Bay Capital, Momentum 6, and other investors. The raised funds will be used to improve the Web3 social user experience and enhance platform functionality.
OKX lowers ETH and ERC20 token recharge network confirmation
According to an official announcement on November 16th, in order to improve the experience of users' deposits and transactions, OKX has now reduced the number of network confirmations required for ETH and ERC20 tokens to be credited to 32 times, down from the previous 64 times. Withdrawal network confirmations are not affected.
ENS launches EVM gateway, already supports OP Goerli
Web3 domain service ENS has announced the launch of the EVM gateway. The EVM gateway is an open-source repository that includes a general CCIP-Read gateway framework and Solidity library, allowing L1 smart contracts to efficiently and securely retrieve and verify states from other EVM chains (L2). Developers can operate their own gateway or use existing gateways. Additionally, changing the target (the L2 to be read) is as simple as exchanging the validator contract address. Currently, the gateway is available on OP Goerli and will soon be launched on the OP mainnet.
Glacier Labs raises $2.9 million in seed round
Decentralized data composability protocol Glacier Network's development company, Glacier Labs, announced the completion of a $2.9 million seed round of financing, with participation from UOB Venture Management, Signum Capital, Cogitent Ventures, Foresight X, Gate Labs, and others.<br>According to RootData, Glacier primarily provides programmable data composability for trustless data primitives, supporting the construction of scalable, modular, and extensible L2 data networks for large-scale Dapps. Currently, the Glacier Network mainnet Alpha version has been deployed on Arweave, BNB Greenfield, and Filecoin.
Liu Furong, a member of the Hong Kong Web3.0 Development Task Force: The task force has not yet reached a consensus
Liu Furong, member of the Hong Kong government's third-generation Internet (Web3.0) development task force and CEO and executive director of Yuchengco Gold, said in a recent interview that he hopes the task force can promote more Web3-related technologies, such as token trading between different blockchains and anti-counterfeiting authentication, to consolidate Hong Kong's position as an international financial center. Liu Furong also added that there is no clear profit model for Web3 companies in Hong Kong, and they are not making much money. The task force has not yet reached a consensus. Earlier this month, Yuchengco Gold announced a partnership with Chainlink Labs to develop cross-chain fund tokens.
Alterscope Launches Web 3.0 Risk Infrastructure for Protocol Teams and Investment Firms at Risk Summit in Istanbul
Alterscope, a technology company formerly known as Solity Network, has launched its Web 3.0 Risk Infrastructure at the Risk Summit in Istanbul. The infrastructure aims to provide transparency and insights into decentralized protocols, enabling real-time risk processing for protocol teams and investment firms. Alterscope's advanced real-time analytics capabilities offer benefits such as automatizing Web 3.0 risk management, creating transparency for protocol stakeholders, and enabling risk-adjusted vault and portfolio rebalancing. The company's vision is to establish itself as the leader in real-time risk intelligence for the digital assets space, setting high standards to ensure accurate risk assessment.
Vienna-based 3D AI platform Atlas emerges from stealth mode with $6 million in funding
Vienna-based 3D generative AI platform, Atlas, has secured $6 million in funding to improve AI models for the gaming industry. The platform aims to speed up the creation of virtual worlds and experiences for game developers and brands building video games and extended reality (XR) environments. The funding came from two rounds led by 6th Man Ventures and Collab+Currency, with participation from investors such as Square Enix, Nvidia, and Gaingels. Atlas plans to launch an alpha version of the platform later this year to enable smaller, medium, and indie game developers to use its technology and build their own worlds. The CEO, James, emphasized the importance of principles such as privacy, human agency, oversight, and inclusion in the gaming industry. He expressed optimism that Atlas would develop to include a wider range of AI-powered tools to simplify complex tasks like 3D modeling and coding.
Report: 73.1% of Web3 games had less than 10 active users in October.
On November 14th, Footprint Analytics, a blockchain analysis platform, released a research report showing that the token market value of the Web3 gaming industry grew by 15.8% in October. There are a total of 2,651 games available for users to choose from, but 73.1% of the games (1,937) have less than 10 active users.
Korean Web3 K-pop agency Modhaus completes US$8 million in Series A financing
On November 14th, South Korean blockchain-based K-pop startup Modhaus announced the completion of an $8 million Series A financing round, led by US venture capital firm Sfermion, with participation from SM Culture Partners, Laguna Investment, KDDI Open Innovation Fund III, and Foresight Ventures.
