Pi Squared’s first product is a “universal settlement layer” that can settle blockchain transactions in any programming language. Rosu said the company is also developing “universal zero-knowledge circuits,” which will enable “trustless remote computing, AI, and interoperable smart contracts for any blockchain or dApp” through zero-knowledge technology. Blockchain oracle project RedStone announced that it has raised $15 million in Series A funding, led by Arrington Capital. Also participating in this round of financing are SevenX, IOSG Ventures, Spartan Capital, White Star Capital, Kraken Ventures, Amber Group, Protagonist, gumi Cryptos, Christian Angermayer’s Samara Asset Group and HTX Ventures. RedStone signed an agreement with Ether.fi, the largest re-staking service on EigenLayer, in April this year, and obtained $500 million in funding to help introduce its data oracle to the ecosystem.
Solidus AI Tech Launches $AITech IDO on ChainGPT Pad to Revolutionize Web3 Infrastructure
For example, a device loans out its computation/ storage/ connectivity capability in exchange for tokens or a device (like a RFID on the bike) can provide certain services in exchange for tokens. Today, we’re thrilled to announce the launch of DePINscan 1.0, in partnership with blue-chip DePIN projects Helium, Akash, Streamr, Theta, Pocket, Drife, WiFi Map, and DIMO. This iteration transforms DePINscan into a comprehensive command center for navigating the burgeoning DePIN landscape. We are excited to welcome the LaunchZone Pad as an openly accessible tool for new projects to begin their journey on the IoTeX Network. Recently, Iotexpad had improved its tier system to ensure a better entry for users giving a fairer chance for everyone to participate with a 6 tier system.
Onaji has built a platform for training and deploying AI models that can autonomously participate in DeFi on Ethereum and Layer 2. Blockfolio is the leading network for mobile cryptocurrency portfolio tracking and management. Millions of people trust Blockfolio to stay connected to the pulse of the industry through market data, news, and direct updates from leaders of top crypto projects. Whitelisted users will be the only candidates able to participate in the IDO in the first round which runs for 2 hours with a hardcap of $200 USDT per person. If this round meets the hardcap and all $100,000 USDT allocation is filled then we have successfully concluded the IDO for Iotexpad and we congratulate all that have participated.
Investors need not go in search of game-changing projects as Iotexpad takes every rug-free and trusted project to its community members. Projects such as GameFi, SocialFi, Meme, AI, derivatives, or L1/L2 infrastructure are eligible to register. These are huge wins for Tezos that should help to increase awareness, adoption, and demand for their token. Staking increases the percentage of their outstanding token supply that is locked up and less likely to be traded.
Nubila plans to capture key environmental data to improve the accuracy of ESG assessments through an advanced network of weather stations and sensors. Open source AI platform Sentient has raised $85 million in a seed round co-led by Peter Thiel’s Founders Fund, Pantera Capital, and Framework Ventures. One of Sentient’s core contributors is Polygon co-founder Sandeep Nailwal, and EigenLayer founder and CEO Sreeram Kannan has served as an advisor throughout. Other investors include Ethereal Ventures, Robot Ventures, Symbolic Capital, Delphi Ventures, Hack VC, Arrington Capital, HashKey Capital, Canonical Crypto, and Foresight Ventures.
MonkeyBit, an on-chain social gaming platform, announced the completion of a $2 million seed round of financing, led by Middle East Web3 Fund 3KBTC Capital, and participated by Hongyi Labs and other funds. It is reported that MonkeyBit has reached ecosystem cooperation with ABCDE Capital, Polygon, OKX, Bitget, Bitlayer, AlienX, Tabi, Foresight Ventures, ABGA Eco Fund, TON Ventures, KINE and Degame. MonkeyBit is committed to providing innovative interactive experiences for GameFi players and creating a new on-chain social entertainment ecosystem. The new funds will be used to further develop decentralized social gaming platforms and game creator tools. Iotexpad becomes the primary incubator for and native launchpad for all the leading IoTeX projects. Taking the rightprojects to the crypto enthusiastic community has always been a tedious task, and Iotexpad givesprojects IoTeX the power to distribute tokens easily and raise funds.
These representatives are then responsible for generating and adding blocks to the blockchain. This is a continuous process that incentivizes representatives to continue to produce blocks. The blockchain for IoT must be designed to minimize resources such as computations, storage and energy. This works hand-in-hand with the IoTeX decentralized identity system, which works a lot like Google Authenticator, Pang says.
This blog provides an overview of all of the centralized exchanges (CEXs) and decentralized exchanges (DEXs) where users can purchase and trade $IOTX. According to UniSat’s official Twitter, UniSat completed its Pre-A round of financing led by Binance in May 2024. The initial price of the token was $0.0070 but rose to $0.067 by early June, coinciding with the token’s listing on Binance. The token price rose again later in June to $0.047 after the announcement of IoTex’s partnership with CertiK. According to recent data from Juniper Research, the number of connected Internet of Things (IoT) sensors and devices should exceed 50 billion by 2022.
Crypto Currencies
Blockchain data management startup SendBlocks announced that it has received $8.2 million in seed round financing, led by Castle Island Ventures. Other investors include Pitango, Illuminate Financial, Laser Digital (Nomura) and Starkware. SendBlocks iotex pad ido simplifies blockchain data access through its customizable platform, enabling enterprises, ecosystems and applications to define and obtain the data they need. SendBlocks’ first product is a “universal settlement layer” that supports settlement of blockchain transactions in any programming language. The company is also developing a “universal zero-knowledge circuit” to enable “trustless remote computing” and cross-blockchain smart contracts.
- IoTeX is the auto-scalable and privacy-centric blockchain infrastructure for the Internet of Things (IoT).
- After the announce of IoTex’s EVM layer 2 solution to Ethereum’s network, it became one of the fastest available networks at cost effective prices.
- Maven11, 1kx, Figment Capital and Batu are returning investors, angel investors include Yuki, DCBuilder, Hasu, Will Price and Jason Yanowitz, and Bankless Ventures also participated.
- From Day 1, we made upfront design decisions to tailor fit IoTeX to support data privacy, trusted computing, large-scale IoT, interoperability, and big data use cases.
Equipped with Trusted Execution Environment (TEE), IoTeX secure hardware is 100% tamper-proof and guarantees integrity and confidentiality of all data/code. This expands the IoTeX footprint of trust to the IoT end/edge and enables powerful privacy features. Onaji, a machine learning platform for smart contract blockchain, announced on X that it has completed a $2.5 million Pre-Seed round of financing, led by Stratos, with participation from Maven11, Uniswap Labs Ventures, and IOSG Ventures.
Open Campus will use its network to record learning outcomes, expand educational financial solutions, and develop dapps. In addition, Open Campus will also support educational content projects of the Arbitrum Ambassador Program and participate in the Arbitrum hackathon competition to provide incentives for developers who develop EDU Chain dapps. Piggycell, an IoT-based RWA project, announced the completion of a new round of financing, with Internet Computer (ICP) participating in the investment. Piggycell is a decentralized platform based on the Korean shared power bank service Piggycell.
💼 DePIN Hub Newsletter
It is reported that Piggycell said that its C2E platform plans to conduct closed testing (CBT) in the near future and will be launched this year. Lithuanian blockchain fintech company FreeBnk announced the completion of a $3 million financing round, led by Founderheads, with participation from ChaiTech Ventures, LVT Capital, Lavender Capital, etc. The new financing will be used to enhance its user interface and application experience, especially for new users. The company focuses on tokenized RWA and encrypted financial services, and its technology is based on its multi-party computing (MPC) security to ensure the protection of users’ digital assets.
- This works hand-in-hand with the IoTeX decentralized identity system, which works a lot like Google Authenticator, Pang says.
- This link is provided solely for informational purposes and is not an endorsement in any way.
- Participants can choose to exchange their test deposits for USDT, $SND IDO shares, or NFT discounts.
- RedStone signed an agreement with Ether.fi, the largest re-staking service on EigenLayer, in April this year, and obtained $500 million in funding to help introduce its data oracle to the ecosystem.
- While IoTeXPad takes care of the token sales with top-notch security, projects can focus more on developing their core idea.
Their mission is to build a decentralized trust fabric for a new era of collaboration and data exchange among devices, applications and people. Backed by a global team of research scientists and top engineers, IoTeX combines blockchain, trusted hardware and edge computing to realize the full potential of IoT. Startup Lombard has raised $16 million in funding and plans to work with Bitcoin staking protocol Babylon to launch a Bitcoin-based re-staking function. Lombard’s financing round was led by Polychain Capital, with participants including OKX Ventures, BabylonChain, Inc., dao5, Franklin Templeton, Foresight Ventures, Mirana Ventures, Mantle EcoFund and Nomad Capital. Based on Babylon’s cross-network security technology, Lombard will launch the “Liquid Bitcoin” token (LBTC), a tradable deposit certificate that allows users to maintain liquidity while staking Bitcoin to secure other networks.
Galaxy Blitz Funding Insights
We will update the community on selected addresses on Telegram/Twitter after completion through a CSV file. ◼️ Always do your own research and due diligence when considering your participation in any blockchain project. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Users, who would like to participate in the Iotexpad IDO, should go to the Launchpad Pageand connect their wallets. Iotexpad followed a tiered structure to provide a decentralized model for project launches, whilst maintaining high tiered projects.