Solana-based stablecoin borrowing platform Hubble Protocol raised $5 million in a strategic round led by Multicoin Capital, the company announced on Thursday. Previous investors DeFiance Capital, Delphi Digital, Digital Currency Group, Crypto.com Capital, ParaFi, Jump Capital, Decentral Park Capital, CMS, Spartan Group, DeFi Alliance and Mechanism Capital also participated in the round. The company declined[Read more…]
Author Archives: theblock.co
07
Sep
Sep
The gaming firm Gameplay Galaxy, creator of web2 sports and racing games, raised $12.8 million in a seed round to expand a line-up of decentralized competitive games. Blockchain Capital led this round, with additional participation from Merit Circle, Com2uS, Mysten Labs, Solana Ventures, Yield Guild Games and Hustle Fund, a release shared with The Block[Read more…]
05
Sep
Sep
The election of Liz Truss as the UK’s new prime minister on Monday has further clouded the outlook for the country’s crypto policy. The new Conservative leader, who was voted in by party members to replace Boris Johnson in the nation’s top job, has not so far laid out a cohesive position on digital assets. Rishi[Read more…]
03
Sep
Sep
After years of delay, Ethereum is set to migrate to a proof-of-stake consensus mechanism this month, reducing the energy consumption needed to run the blockchain. This will have a big impact on NFTs, which are primarily traded on Ethereum and get somewhat singled out for their perceived environmental impact. This reduced environmental impact may help[Read more…]
02
Sep
Sep
Blockchain infrastructure platform Coinbase Cloud announced the launch of Solana archival nodes yesterday, a tool to help developers build products and services that run on the network. Previously, Coinbase Cloud launched dedicated standard Solana nodes to enable builders to access and verify transaction data from the blockchain. Expanding into Solana archival nodes provides developers with access to all historical[Read more…]
02
Sep
Sep
FIFA, soccer’s global governing body, will release a digital collectibles project on the Algorand blockchain ahead of November’s World Cup. The FIFA+ collection, set to launch later this month, will include notable moments, art and imagery from the World Cup and Women’s World Cup, according to a the organization. The project is akin to NFT sports collectibles like[Read more…]
21
Jun
Jun
Solana Ventures and Solana Foundation, the Switzerland-based entity that promotes the growth of the network, have jointly stumped up the funds. They will be used for investments and grants in a range of Korean crypto startups, but with a focus on those in gaming, non-fungible tokens (NFTs) and DeFi. “We have been working with Korean[Read more…]
