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Cryptocurrency News Articles
Mawari Network secures $10.8M for spatial computing
Oct 03, 2024 at 03:05 am
Mawari Network, a decentralized physical infrastructure network focused on spatial computing, has raised $10.8 million in a strategic funding round
VC Roundup highlights Mawari Network, Podeo, Hemi Labs, Darkbright Studios, Sorted Wallet, SecondLive, and Movement Labs startups raising a total of $64.1 million.
Mawari Network, a decentralized physical infrastructure network focused on spatial computing, has raised $10.8 million in a strategic funding round. The round was led by Anfield LTD, Borderless Capital, and 1kx, with participation from Accord Ventures, Animoca Brands Japan, Blockchange Ventures, and Samsung, among others.
Mawari aims to deliver real-time immersive experiences to devices like Apple Vision Pro and Meta Quest 3. It uses a decentralized GPU-powered content delivery network to address challenges in spatial computing, formerly known as XR (extended reality). Founded in 2017, the startup has three patents and a client base that includes T-Mobile, Netflix, and BMW. To further decentralize and scale its network, the company plans a node license sale in Q4 2024.
Podeo raises $5.4M Series A funding for podcast discovery, monetization
Podcast distribution platform Podeo has raised $5.4 million in a Series A funding round. The round was led by Oraseya Capital, with participation from Ibtikar Fund, Cedar Mundi Ventures, Samarium, iSME, and Razor Capital, among others.
The funds will help Podeo continue to solve podcast discoverability issues and provide tools for content creation, distribution, and monetization. With a global audience of over 50 million listeners and more than 100,000 creators, Podeo’s platform extends beyond traditional apps, offering exposure through radio stations, airlines, and ride-hailing services. Founded in 2020, Podeo has significantly expanded podcast supply in the MENA region. According to the startup, it has generated a six-fold revenue increase over the past year.
Hemi Labs secures $15M for modular blockchain integrating Bitcoin and Ethereum
Hemi Labs has raised $15 million in a funding round to develop Hemi, a modular network designed to enhance scaling, security, and interoperability by uniting Bitcoin (BTC) and Ethereum (ETH). The round was led by Binance Labs, Breyer Capital, and Big Brain Holdings, with participation from Crypto.com, Web3 Ventures and HyperChain Capital, among others.
Hemi aims to address blockchain fragmentation by treating Bitcoin and Ethereum as modular components of a unified supernetwork. Its core features include the Hemi Virtual Machine (hVM), which integrates a Bitcoin node within an Ethereum Virtual Machine, and trustless cross-chain portability. Hemi’s modular architecture enables the integration of additional modular blockchains in the future. Following a closed beta launch in Q3 2023, Hemi’s incentivized mainnet launch is planned for Q4 2024.
Darkbright Studios raises $6M seed funding led by BITKRAFT Ventures for RPG Game
Darkbright Studios has raised $6 million in a seed round to develop Smolboun, a new life simulation role-playing game (RPG) that blends elements of Animal Crossing and Raft. The round was led by BITKRAFT Ventures, with participation from Play Ventures, Anthos Capital, King River Capital, and others.
Set in a procedurally generated world that combines elements of a life simulator, RPG, and massively multiplayer online (MMO) game, Smolboun features interactive non-fungible token (NFT) characters, hero collection mechanics, and a robust user-generated content (UGC) ecosystem. Founded by former developers from studios like PopCap and ArenaNet, Darkbright was incubated by Treasure DAO.
Smolbound integrates Web3 for content ownership and has garnered over 200,000 email subscriptions to date. The game is set to launch in 2025 on the Treasure layer-2 blockchain, with closed playtests beginning in 2024.
Tether invests $1.5M in Sorted Wallet to serve Africa and Asia
Cryptocurrency stablecoin issuer Tether is making a play to enhance financial inclusion in emerging markets through its latest investment. As announced on September 19, the firm has deployed $1.5 million into Sorted Wallet, a non-custodial crypto wallet catering to the unbanked and underbanked population with limited access to advanced technology.
Sorted Wallet is specifically designed to function on feature phones and low-powered smartphones, enabling users to easily send, receive, store, swap, and pay for goods and services in cryptocurrency. The startup aims to onboard the next billion users into Web3 and decentralized finance (DeFi) by making crypto accessible and usable for everyone.
“By supporting Sorted Wallet, we unlock new opportunities for individuals with basic mobile phones to participate in the financial system. Our goal is to ensure that everyone, regardless of location or phone type, can securely manage and utilize cryptocurrency,” said Tether
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- Worldcoin (WLD) Price Prediction: Is a Strong Downtrend Inevitable?
- Oct 03, 2024 at 06:25 am
- Worldcoin (WLD) price has seen a sharp decline, dropping 20% in the past week amid growing bearish sentiment. Further fueling concerns, the FTX estate is set to sell a large batch of locked WLD tokens at a significant discount.
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- Monopoly GO Crystal Treasures Dig Hunt guide: How to get free pickaxes, earn rewards, and complete the Marvel sticker album season event
- Oct 03, 2024 at 06:20 am
- The first Monopoly GO Dig Hunt has dropped for the Marvel sticker album season, featuring a new token and shield. You can complete the Crystal Treasures event and earn a five-star sticker pack to unlock high-valued stickers.
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- Cryptocurrency Markets Trade Lower as They Continue to Cope With Geopolitical Uncertainty
- Oct 03, 2024 at 06:15 am
- Notable Statistics: Notable Developments: Top Losers: Trader Notes: With Bitcoin prices hovering around the $60,000 mark, Daan Crypto Trades is curious is this is a range deviation or a bearish retest.