Protocol Village: Radix Plans $37M Endowment Fund, Fetch.ai Starts San Francisco Innovation Lab

Friday, Aug. 23

Radix Plans $37M Endowment Fund, Starts Undercover agent Institutional Manager

Radix, a distributed ledger challenge built around native resources recognized as “resources,” has launched the planned creation of the 1.5 billion XRD ($37 million) Endowment Fund. Per the team: “The fund is supposed to reinforce prolonged time frame ecosystem development whereas securing financial reinforce for the entities alive to on the enchancment and development of the Radix platform and ecosystem. The approach of selecting an institution to protect up watch over the fund – one requirement is that it hold a balance sheet in some distance extra than $1 billion in crypto – is underway. The chosen accomplice will employ Copper Custody, a regulated crypto custodian, to protect up the XRD resources, and Twinstake, to present the staking infrastructure where tokens could doubtless perhaps be deployed and staked as part of the final technique.” (XRD)

Fetch.ai Plans San Francisco Innovation Lab, Earmarks $10M for Projects Working on AI Agents

Fetch.ai, rising an agentic framework for independent digital ecosystems and a founding member of the Synthetic Superintelligence Alliance, launched the originate of its Innovation Lab in San Francisco. Per the team: “This new middle will force the enchancment of AI agent choices that provide staunch rate to agencies and shoppers globally. To take innovation in this position, Fetch.ai will make investments $10 million yearly to reinforce projects alive to on constructing AI agent choices utilizing its expertise stack.”

Sony, Electronics Pioneer In the motivate of Walkman, Starts Enjoy Blockchain ‘Soneium’

Sony, the Jap electronics giant notorious for rising the Betamax and Walkman within the Seventies, is now initiating its earn blockchain. Sony Block Solutions Labs, a joint challenge between Sony Crew and Singapore-primarily primarily based mostly Startale Labs, acknowledged Friday or no longer it is coming out with a brand new layer-2 network atop the Ethereum blockchain known as Soneium. It will likely be built utilizing the Optimism blockchain ecosystem’s OP Stack.

Thursday, Aug. 22

Tanssi, Appchain Protocol Traditionally Focused on Polkadot, Expands to Ethereum With Symbiotic

Appchain protocol Tanssi, historically alive to on the Polkadot blockchain, is expanding to Ethereum with Symbiotic, a restaking protocol. Per the team, the trouble could doubtless perhaps dilemma “a brand new odd for the rapid originate of decentralized networks, aka Actively Validated Providers and products (AVSs). What on the full takes months could doubtless perhaps moreover be performed in minutes, allowing builders to deploy highly customizable and decentralized networks, with Ethereum’s robust security.”

SatLayer, Project for Staking Bitcoin Thru Babylon, Raises $8M

SatLayer has raised $8 million in pre-seed funding, led by Hack VC and Castle Island Ventures, “to expand Bitcoin as a universal security layer,” in step with the team: “Primarily based by MIT, Y Combinator, and Stanford alumni, SatLayer leverages Babylon Chain’s Proof of Stake to bag Actively Validated Providers and products thru BTC staking. ‘We’re excited for SatLayer’s originate on Babylon and its impact on BTC-secured AVSs,’ acknowledged Fisher Yu, Babylon’s co-founder and CTO. Users can stake Bitcoin on Babylon, restake liquid staking tokens (LST) thru platforms adore Lombard, PumpBTC and PStake on SatLayer, and hold rewards.”

VitaDAO Founders Start Protocol ‘BIO’ With DAOs to Elevate Funding for Scientific Analysis

The founders of VitaDAO, a Web3 community dedicated to longevity health compare and merchandise, launched BIO, a “new protocol enabling world communities of patients, scientists and biotech builders to collectively fund and commercialize new therapeutics,” in step with the team: “Income from new therapeutics drift motivate into the BIO Community, rising rate for network people. BIO executed the first round of its TGE, raising $6.2 in a public sale, with participation from VCs adore Zee Top, 1kx ID Belief. Details on the 2d round of BIO’s TGE will likely be launched soon.” Per the challenge documentation: “BioDAOs elevate funding thru token gross sales, and employ their treasuries to motivate and invent biotech projects connected to their mission, rising shared IP possession between their people. BioDAOs employ Molecule’s on-chain IP framework to earn, license, and transact in intellectual property generated from the projects they reinforce.”

Bitcoin Layer-2 Developer Ark Labs Raises $2.5M From Draper, Fulgur, Axiom, Stephen Cole

Ark Labs, constructing a Bitcoin layer-2 network, has secured $2.5 million in pre-seed funding led by Draper Pals, with backing from Fulgur Ventures, Axiom Capital and angel investor Stephen Cole. Per the team: “This funding will reach Ark Labs’ work on seamless, scalable Bitcoin funds thru the Ark protocol. Signups are launch for the Ark Node beta, an particular person-pleasant Lightning Community pockets. Ark Labs is searching for skill, builders, and companions to be part of its mission to revolutionize world funds.”

Paradigm-Backed Bug Bounty Platform Code4rena Got by Security Audit Provider Zellic

Zellic, a supplier of security audits within the blockchain industry, launched its acquisition of Code4rena, a challenge for aggressive audits, claiming “the ideal assortment of security researchers within the position.” Per the team “This strategic switch marks Zellic’s first acquisition and ought to enable both companies to present shoppers a brand new level of deeply comprehensive security overview, Audits+. Code4rena will continue to characteristic as its earn commerce below its usual trace, with its existing team and management intact.”

Stork Community, Provider of Pricing Oracles, Raises $4.7M, Led by Lightspeed Faction, Lattice

Stork Community, a supplier of pricing oracles across several asset classes, launched that it has raised $4.705 million in seed funding. Per the team: “This fundraising round is co-led by Lightspeed Faction and Lattice, with participation from CMS and Wintermute Ventures. The funds will likely be former to expand Stork Community’s product suite alongside side constructing out and bringing to market the Open Data Market. Meredith Pitkoff, co-founder at Stork Community.

SwapKit.dev, Sunless-Chain Infrastructure Solutions Provider, Integrates With BitPay

SwapKit.dev, a supplier of tainted-chain infrastructure choices, launched an integration with BitPay, the Bitcoin and cryptocurrency price processor. Per the team: “This integration will empower BitPay users to release an excellent wider differ of digital resources, leveraging SwapKit to entry tainted-chain liquidity thru THORChain for seamless in-pockets replace of various cryptocurrencies. This partnership will provide indispensable benefits for Bitpay users, alongside side:

1. Expanded Blockchain Toughen

2. ERC-20 Asset reinforce

3. Diminished Friction

4. Enhanced User Skills

Credbull Closes $5.2M Round Led by Gnosis VC to ‘Democratize Private Credit rating’ On-chain

PROTOCOL VILLAGE EXCLUSIVE: Credbull, which in April launched what it described because the “first licensed on-chain non-public credit rating fund” on the Polygon PoS blockchain, launched a $5.2M funding round led by GnosisVC, with strategic participation from Outlier Ventures, HODL Ventures, XBTO, LucidBlue Ventures, CryptoHedge, Marcello Mari (SingularityDAO) and others. Per the team, “Credbull aims to democratize non-public credit rating RWA investments by connecting broken-down finance with Web3.”

Aave Involves Ethereum Layer-2 Project ZKsync’s Skills Mainnet

Aave, the ideal DeFi lending protocol with a complete rate locked of $11.9 billion, launched the originate of Aave V3 on Skills Mainnet, powered by ZKsync. Per the team, “Aave can entry developed ZK tech with low-price transactions whereas deriving security from ETH with cryptographic validity proofs.” Chainlink, the blockchain oracle challenge, “will provide bag and reliable mark feeds.” Aave founder Stani Kulechov acknowledged in a press release relayed by a spokesperson for the challenge: “Skills Mainnet offers the most lifelike doubtless level of scalability and performance and with zero files proofs, the replacement so that you simply can add privacy capabilities and extra security for users and institutions. Additionally, the Elastic Chain ecosystem can expand to accommodate a quantity of institutional employ cases whereas guaranteeing scalability.” (AAVE) {{ZK}}

Blockchain Oracle Memoir Launches ‘RWA Oracle’ By assignment of Integration with M^0

Memoir, which was the first oracle on Ethereum and is presently the sole securer of MakerDAO, has launched its RWA Oracle thru an integration with M^0, “an on-chain protocol that enables extra than one Minters to grief a absolutely fungible cryptodollar known as $M.” Per the team: “On this collaboration, Memoir serves as an honest validator, verifying M^0’s collateral balances. As a results of its integration with M^0, Memoir is permissioned by the protocol’s governance to present successfully timed files on the off-chain collateral being former by Minters to generate $M, guaranteeing the integrity and reliability of the $M cryptodollar.”

Legion, ‘Merit-Primarily based completely ICO Platform,’ Emerges From Stealth With $2M

Legion, describing itself as a “advantage-primarily primarily based mostly ICO platform,” has emerged from stealth and launched a $2 million elevate from founders, accelerators and angels. Backers consist of Cyber Fund, AllianceDAO, Delphi Labs, CoinGecko, Mike Dudas, Alex Svanevik, Peter Smith, Maggie Treasure, Jon Wu, Ryan Watkins and LongHash. Per the team: “The platform plans to change into MiCA compliant and provide funding entry to non-authorised investors. By ranking investors by advantage (on-chain and off-chain repute), in desire to construct up-wealth, Legion says teams can manufacture elevated quality communities, and non permanent holders are disincentivized.”

Binance Labs Invests in BNB Chain Accelerator Projects Aggegata, Idea Labs, SideKick, Vooi

BNB Chain has launched that four high-performing projects from Season 7 of its MVB program – an accelerator designed to force development internal the BNB Chain ecosystem – hold bought funding from Binance Labs. The chosen projects consist of:

• Aggregata unifies AI files, devices, and computing into a seamless, one-terminate platform.

• Idea Labs is constructing dynamic realizing and true prediction markets.

• SideKick is the Consolidation Hub For Social, video games & previous

• Vooi is a tainted-chain perp DEX aggregator supporting EVM and non-EVM chains.

Web3 Streaming Platform Myco.io to Ship Command material on Aptos

Myco.io, a Web3 streaming platform, launched a strategic partnership with Aptos Foundation to ship dispute material on the Aptos blockchain. Per the team: “The collaboration will middle of attention around technical integration, rising builder resources and a mutual commitment to advancing Web3 technologies and turning in subsequent-period, decentralized digital streaming experiences.” (APT)

Aave Provides METIS as Collateral on Metis L2

Aave, which had already deployed on the Ethereum layer-2 network Metis, has integrated METIS as collateral, “expanding asset administration recommendations for users,” in step with the team: “With a 30% LTV ratio, users can borrow resources in step with their METIS holdings. This offers liquidity with out selling METIS, entry to some financial tools and benefits from sooner, cheaper transactions on Metis when compared with Ethereum mainnet.”

Decentralized AI Project Mira Hires Uber’s Naik as Chief Product Officer

Mira, a decentralized AI infrastructure platform, employed Ninad Naik, a former Uber executive, as chief product officer. Per the team: “In his new role, Ninad will spearhead product innovation, taking part in a primarily the most indispensable role in Mira’s mission to expand world AI entry thru decentralization. Ninad joins Mira from Uber, where he led the core market product for Uber’s meals and grocery shipping commerce globally. Sooner than Uber, Ninad has held extra than one GM and product management roles at Amazon across its AI, hardware, and market agencies.”

Yonsei College AI Researchers to Expend Theta EdgeCloud to Tempo up Mannequin Coaching

Yonsei College’s AI researchers will employ Theta EdgeCloud to urge AI model coaching and inference for compare in machine reasoning and records mining, in step with the team: “Led by Professor Dongha Lee, the lab will invent developed tools adore a table reasoner and summarizer to extract implicit files from tabular files. By utilizing Theta’s scalable platform, the lab can nick costs by extra than 50% when compared with broken-down cloud providers.”

OORT, Provider of Blockchain-Primarily based completely Verification Layer for AI Data, Companions With National Science Foundation Heart

OORT, a cloud platform for decentralized AI, has partnered with the National Science Foundation’s(NSF) eCAT (Electric, Related, and Self sustaining Technologies for Mobility) IUCRC compare middle. Per the team: “OORT, which gives a blockchain-primarily primarily based mostly verification layer for files former by AI engines, will collaborate intently with main institutions in this challenge alongside side Wayne Teach College, Clarkson College, the College of North Texas, the College of Delaware and Oakland College. OORT will moreover work alongside companies alongside side main American Data Storage and Western Digital.”

GaiaNet, Decentralized AI Inferencing Project, Launches Hackathon

GaiaNet, a challenge for decentralized AI inferencing, is launching a world “Residing Data Techniques Hackathon,” that will doubtless perhaps also urge from Aug. 22 to Sept. 13. Registration started Aug. 19, 2024. Per the team: “The prize pool will consist of as a lot as $50K in rewards. Winning people will moreover be invited on an expense-paid scuttle back and forth to TOKEN2049 Singapore, where they are going to be part of the GaiaNet executive team at an exclusive originate birthday celebration. The aim of the event is to manufacture decentralized nodes, solve security vulnerabilities in centralized AI devices and form out concerns adore censorship, algorithmic bias and records privacy.”

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