Formerly known as OAK Network, Ava Protocol has announced that $10 million in seed investment has been completed. This includes a $5.5 million initial round and a subsequent $4.5 million seed+ round. The funds will go toward helping Ava Protocol develop an Eigenlayer AVS that is intent-centric and event-driven, enabling private autonomous transactions on
SubQuery Network, a provider of Web3 infrastructure, has announced the release of two new RPCs for the Polkadot ecosystem. They’re the first decentralized RPCs on Substrate-based networks, available for Polkadot and Kusama. Nearly 200 networks use web3 infrastructure from SubQuery. The SubQuery Network is a worldwide network of decentralized indexers and RPC
Cryptocurrency mixing protocols and privacy coins are encountering resistance from European lawmakers. Members of the European Union Innovation Hub—an initiative that brings together representatives from EU agencies and member states—have released their first report on encryption. The “dual-use” aspect of cryptographic technologies is highlighted in the report. The report backed
According to the OP Labs development team, Ethereum layer-2 Optimism has included fault proofs into its smart contracts. As far as the team is concerned, Optimism has progressed to what Vitalik Buterin, co-founder of Ethereum, has dubbed “Stage 1” of decentralization. Base, Metal, Mode, and Zora are the least number
PEPE has recently seen an increase in market cap, spurred by strong demand and the approval of spot Ethereum ETFs. Meanwhile, Solana’s price is on the rise amid ongoing market fluctuations. Yet, it’s BlockDAG that has truly shone with its Keynote 2, realizing a 1120% ROI from batch 1 to
The popular blockchain-based game Crypto: The Game (CTG) has been acquired by Uniswap Labs. Following the news, the price of the UNI token surged, increasing by 6% on the three-hour price chart. Uniswap Labs COO Mary-Catherine Lader is excited about combining CTG’s interactive on-chain experiences with Uniswap’s products and services.
As far as the Cardano ecosystem is concerned, its founder Charles Hoskinson expects a big event to take place around June. According to Hoskinson’s June 9 X announcement, Cardano Node is expected to reach version 9.0 this month, and the Chang fork is coming soon. This signifies that 70% of
Lucie, the marketing lead for Shiba Inu, recently recommended users to use fully homomorphic encryption (FHE) technology to increase the privacy and security of the SHIB ecosystem in a series of postings on social media platform X. Strengthening user trust and ensuring interactions inside the SHIB metaverse are the goals
The leading DeFi project on Polkadot, Hydration, is excited to announce that it has been awarded 2 million DOT tokens from the Polkadot treasury, which is worth $14.4 million. The funds will be used to improve Omnipool, Hydration’s single-sided liquidity provisioning platform, in terms of both liquidity and trading efficiency. The DOT tokens
In order to strengthen the Solana blockchain, validators are being urged to upgrade to a new stable version, and Solana is getting ready for another mainnet upgrade. In the midst of the meme coin craze and the enormous demand for platforms on the Solana-based blockchain, the team is getting ready
