Celo ecosystem projects raise $77.3M in support of interoperability, ReFi
The Celo blockchain supports mobile-first DeFi payment infrastructure. Several companies building on the platform have received venture funding. Projects building on the Celo blockchain have collectively raised $77.3 million in support of various business initiatives, underscoring the growing adoption of the payments-focused developer network. Celo announced Thursday that projects impactMarket, Loam, Tatum, Circular Impact, Sanergy, Hyperlane, RedStone and Jia had secured the funding to further the adoption of Web3 business models. The biggest raise came from blockchain development....
Related News
NFT Steez chats with Celo ecosystem lead Mashiat Mutmainnah about the promise of ReFi and its capacity to promote environmental and social good. On Sept. 30, NFT Steez, a bi-weekly Twitter Spaces hosted by Alyssa Expósito and Ray Salmond, met with Mashiat Mutmainnah to discuss how regenerative finance (ReFi) can provide more accessibility and inclusivity to blockchain technology. As a "mission-driven movement," Mutmainnah explains that ReFi enables users to redefine their relationship with the current financial system and their relationship with finance and wealth. Currently, in many....
Celo is the latest blockchain network to strive for interoperability, with Chorus One receiving a grant to build a bridge between Cosmos and Celo. Celo has awarded a grant to staking service provider Chorus One to build a bridge facilitating interoperability between the Cosmos and Celo networks.The proof-based bridge will allow “bidirectional communication’ between Celo and Cosmos, allowing Celo’s cUSD stablecoin to operate on the Cosmos network, and Cosmos-based assets including ATOM, BAND, and KAVA to be held in the Celo Reserve.According to a Nov. 19 announcement, the partnership will....
CELO price gained 50% ahead of the network’s May 19 'Donut’ hardfork which will help increase interoperability and lower gas fees. Decentralized finance (DeFi) has emerged as a transformational force for not just the cryptocurrency market, but for financial markets in general in 2021 thanks to the ease of access and security offered by blockchain-based protocols which operate on smart contracts.One project that is looking to take the simplicity of DeFi to the next level is Celo (CELO), an open blockchain ecosystem that makes financial tools accessible to anyone with a mobile phone. Data....
“Bison Trails is committed to the growth of the crypto ecosystem and innovative networks like Celo,” said Joe Lallouz, CEO of Bison Trails. Blockchain infrastructure company Bison Trails has partnered with Volt Capital to allow users of the Celo Network to stake their tokens securely through their mobile devices. The collaboration sees Bison Trails running a Celo validator node for Volt Capital, thereby allowing Volt Capital’s community to stake the CELO cryptocurrency, earn rewards and help grow the network. Bison Trails’ node infrastructure allows delegators to more easily stake....
Reimagined Finance (ReFi) is a DeFi-as-a-Service platform on the Ethereum network that is on a mission to make farming rewards accessible to all. We decided to find out more about what it is they doing. So, we asked them a few questions and here’s what they had to say. Q: Let us start with the […]