Singapore’s Web3 and AI Equity Financing Platform CrossFund Completed US$1.5 Million in Financing at a Valuation of US$47 Million
CrossFund, a Web3 and AI equity financing platform based in Singapore, has announced the completion of a new round of financing worth $1.5 million at a valuation of $47 million. BlockBase Ventures, UI Investments, Australian Gulf Capital, BXB Capital, and some family offices in the Middle East and North Africa (MENA) and Asia participated in the investment. This is the fourth round of financing completed by the company in the past two years.
Tip Coin: The Token Claim Period Will Be Extended and Additional Claim Methods Will Be Provided for Users Who Cannot Access Their Accounts
Web3 social application Tip Coin announced on social media that, due to the request of some users, it will extend the token claiming period. At the same time, the team also provides additional methods for users who cannot access their accounts to complete the Epoch 2 stage application. This method is for users whose accounts are banned or cannot log in for other reasons, allowing them to claim through a specific contract. Tip Coin will open the contract claim for 24 hours and then close it. Tokens that are not claimed by anyone after that will be destroyed.
Slow Mist: 10 Security Incidents Occurred in the Web3 Space Last Week, DNS Hijacking Attacks and Discord Hacks Increased
According to the SlowMist Blockchain Blacklist, there were a total of 10 security incidents from October 1 to October 7, 2023, with an increase in DNS hijacking attacks and Discord hacker attacks. The specific events are as follows:
Algorand-based on-chain real estate project Lofty has started internal alpha testing
According to Lofty, a blockchain real estate project, the team has launched internal testing alpha, which is also the first time a new AMM architecture has been launched on the Algorand chain.
Tip Coin: Epoch Phase 2 Application Has Begun
On October 7th, Web3 social application Tip Coin announced that the Epoch 2 phase claim has been fully effective and has the appropriate value. If you see a decrease/increase in score, it is only because the user is seeing Epoch 3 instead of Epoch 2.
Friend.tech’s Cumulative Transaction Volume Has Exceeded 10 Million Since Its Launch
According to the latest data from Dune Analytics, the Web3 social protocol Friend.tech has exceeded 10 million transactions, reaching 10,082,974 transactions at the time of writing (including 182,908 independent sellers and 334,883 independent buyers). The total protocol fees reached 11,932.536 ETH (equivalent to approximately $19.69 million at current prices). The total inflow of the Friend.tech protocol was 239,710.404 ETH.
Yuga Cohler: Promoting the domestic development of cryptocurrency, web3 and blockchain is in the national interest of the United States
Yuga Cohler, a senior software engineer at Coinbase, stated on social media that promoting the domestic development of cryptocurrency, web3, and blockchain is in the national interest of the United States, as these technologies will form the foundation of a new international monetary and financial order that the United States should have a say in.
PayPal Applies for NFT Marketplace Patent to Expand Web3 Strategy
PayPal has applied for a patent for an NFT marketplace that supports on or off-chain trading of various types of NFTs, including tokenized assets. The company plans to offer more than just collectibles and is targeting a variety of organizations, including DAOs, which could use the platform to issue governance tokens that can also be traded. PayPal's foray into the world of NFTs comes at a time when activity in the industry has fallen significantly. The NFT marketplace will support on-chain NFT trading through a third-party service provider, while off-chain transactions could be supported by a wallet service provider.
The Highest Salary for Web3 Engineers Is in North America, at $166,610
According to a recent survey by Pantera Capital, the highest paid Web3 engineers are in North America, with a salary of $166,610, followed by Europe, the Middle East, and Africa at $102,226; Latin America at $90,559; and the Asia-Pacific region at $75,000.
DFINITY Foundation Launches $20M Grant Program to Foster Web3 Adoption in Asia
The DFINITY Foundation has launched the Internet Computer Protocol (ICP) Asia Alliance, which aims to promote the adoption of Web3 and AI in Asia through education, collaboration and innovation. The alliance brings together a diverse range of stakeholders, including government organisations, investors, tech entrepreneurs, universities, developers and community members, and is supported by ICP's network of innovation hubs across the region. The organisation has also announced a $20 million grant program to foster a vibrant Web3 and AI ecosystem in Asia, with a focus on the adoption of the ICP blockchain. Hong Kong has been identified as a key location for the alliance, due to its progressive government initiatives embracing web3 technology.
