Castle Finance will use the funds from this round to expand its team and accelerate its product development. Funding to Accelerate Growth in Web3 Castle Finance, the emerging treasury yield protocol on Solana, announces a $1.2 million pre-seed raise, led by leading venture capital firms Nascent, Solana Ventures, and Shima Capital, with participation from Rainfall[Read more…]
Author Archives: SOLANA NEWS
22
May
May
Reptilian Renegades had been a hotly anticipated mint, allowing the perpetrator to take advantage of that initial enthusiasm, but it seems there’s more to this story yet. Rug With a Twist Highly anticipated NFT collection Reptilian Renegades, supported by Hydra Launchpad and Magic Eden, has seen users fall victim to a rug. A figure named[Read more…]
21
May
May
Using a next-generation Oracle solution, Pyth seeks to make valuable financial market data available to everyone. Next-Generation Oracle Solution Pyth Network, the next-generation oracle solution, collaborates with Solana protocols, providing first-party price data for on-chain applications. Pyth Network has been powering multiple prominent protocols on Solana, including 01 exchange, Bonfida, Zeta, Friktion, and Solend. Access[Read more…]
20
May
May
mtnPay is building the payment infrastructure for Solana and has some exciting things lined up. mtnPay x mtnAPI x mtnMint x mtnFrens After winning at the Riptide Hackathon, mtnPay continues its path toward integrating Non-Fungible Tokens (NFTs) and Decentralized Finance (DeFi) into everyday payments. The platform started centered around an app that allows Square merchants[Read more…]
20
May
May
4,000,000 $GENE tokens have been allocated towards staking rewards for the Solana GameFi project. Staking Is Here Solana MovetoEarn blockchain gaming project, Genopets, announced the arrival of their $GENE staking program. Genopets released the details of their $GENE staking program through a Twitter thread released on May 19. The team confirmed that a total of[Read more…]
20
May
May
Crypto real estate purchases may well become commonplace as Parcl continues its impressive progress on Solana. Funding Round With Prominent VCs Parcl, the blockchain-based real estate investment platform built on Solana, raised $7.5 million in a strategic funding round with venture capital firms including Fifth Wall, JAWS, IA Capital, Eberg Capital. The funding round was[Read more…]
19
May
May
Gauges allow Marinade users to vote with their Marinade NFTs to influence the delegation of 10% of Marinade’s total stake. A True DAO Stake Pool The staking protocol Marinade Finance launched validators gauges – a complex governance mechanism that enables $MNDE stakers to choose which validators get a higher share of Marinade’s staked $SOL. The[Read more…]
18
May
May
Solana’s NFT metrics have been trending higher in the last months, placing OpenSea within reach of Magic Eden. A New King in Town? Solana’s Non-Fungible Token (NFT) marketplace—Magic Eden—surpassed OpenSea in users and transactions – a testament to how the vibrant NFT ecosystem in Solana keeps expanding while other Layer 1’s struggle to keep its[Read more…]
16
May
May
Solily is a one-stop DeFi platform that combines a number of DeFi services into a single ecosystem. Project Introduction Solily is a one-stop DeFi platform incorporating a variety of DeFi services into one ecosystem. They want to make DeFi a go-to platform for newbies by making it more accessible and capital efficient. Because of its[Read more…]
15
May
May
Beta participants can run around the city of Solice, interact with the minigames, and view their avatar and inventory items. Exploring a Futuristic Metaverse Solice—a cross-platform metaverse built on Solana—launched its closed beta, allowing community members to take their first steps inside the 3D world. Solice just had one of the busiest months since the[Read more…]
