TON Labs raises $6M in support of Free TON blockchain
The investment round, which was led by Runa Capital and RTP Global, will go toward funding its decentralized blockchain network. TON Labs, the development arm behind the Free TON blockchain, raised $6 million through an investment round led by venture capital firm Runa Capital. The funding will go toward building out a new product environment for the Free TON blockchain, which the company describes as the fastest decentralized protocol due to its unique dynamic sharding mechanisms. Dmitry Chikhachev, a general partner at Runa Capital, said TON Labs is the only blockchain company to receive....
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Mysten Labs, developer of a new blockchain project called Sui, raised $300 million in its latest funding round. The round, which was led by FTX ventures, also had the support of A16z crypto, Jump Crypto, Apollo, Binance Labs, Franklin Templeton, and Coinbase Ventures, among others. The funds will be directed to continue growing Sui’s infrastructure and core, hiring in the Asia Pacific area for this task.
Mysten Labs Reaches $2 Billion Valuation in Series B Funding Round
Mysten Labs, a company founded by Meta’s former employees that worked on the Novi project, has....
On August 31, 2021, Offchain Labs announced the official launch of Arbitrum One mainnet and further detailed that the company has raised $120 million in funding. The Series B financing led by Lightspeed Venture Partners gives the firm a $1.2 billion valuation. Arbitrum One Mainnet Is Now Live, Offchain Labs Raises $120 Million in Funding The highly anticipated Arbitrum One mainnet launch has been revealed by the firm Offchain Labs and the startup also detailed the company has raised $120 million in financing. Bitcoin.com News has written about the Arbitrum One Layer-2 scaling solution on a....
The Free TON–Dune Network merger represents one of the first decentralized M&A deals. Free TON, a community-driven blockchain promoting decentralized self-governance and freedom of speech, has acquired Dune Network through a community merger mechanism that was recently approved by both camps.An amended Dune community partnership proposal filed in January was approved on Tuesday, bringing the Free TON merger one step closer to fruition. Dune Network, which is a decentralized platform for distributed applications, said the merger will strengthen both communities and support the global....
Dapper Labs has closed an $18 million token sale on the strength of its latest collectibles game, NBA Top Shot.
One of the things slowing down mainstream adoption of Bitcoin is the fact you still need to have a decent internet connection to broadcast and receive payments. Even though the Western world is quite spoiled in terms of internet access, there are plenty of places where a Wi-Fi connection would be beneficial. Google, through its startup company Sidewalk labs, is planning to deploy free Wi-Fi hotspots on a large scale. Google’s Sidewalk Labs has recently acquired two companies – Control Group and Titan – working on deploying free Wi-Fi hotspots in the city of New York. Both companies sat....