July 18: Bitrue Ventures, the research and investment section of crypto exchange Bitrue, has launched a $40 million investment fund and “is putting out the call to aspiring developers,” according to the team. A blog post reads: “Individual recipients of funding can receive up to $200,000 of investment funds that can be allocated however they feel is most appropriate. In addition, Bitrue will make available their various avenues of expertise to provide further support to these projects. While Bitrue Ventures will consider investing into any niche within the crypto space, we believe that the most successful projects right now are likely to be building in the sectors of Artificial Intelligence (AI), Real World Asset tokenization (RWA), GameFi, Decentralized Physical Infrastructure Networks (DePIN), and Decentralized Finance (DeFi). As such, projects building within these industries will stand a better chance of receiving funding.”
InfStones, Blockchain Infrastructure Provider, Launches Node-as-a-Service
July 18: InfStones, a blockchain infrastructure provider, “launched its node-as-a-service (NaaS) product, empowering emerging protocols to jumpstart their DePIN projects while making sophisticated blockchain node operations accessible to mainstream users,” according to the team: “Since 2018, InfStones has provided enterprise-grade node management services to industry-leading groups such as Binance, CoinList and BitGo. In the recent node sale for cloud computing platform Aethir, InfStones’ NaaS product helped to successfully convert over 26,000 of its Checker Node license holders into long-term node operators.”
Zivoe, RWA Credit Protocol on Ethereum, Raises $8.35M
July 18: Zivoe, a real-world asset credit protocol atop Ethereum, raised $8.35 million in their last round, aiming to broaden credit access by connecting blockchain liquidity with real-world borrowers, according to the team: “The round comes in tandem with Zivoe launching its RWA credit protocol on mainnet on July 31 and their Initial Tranche Offering (ITO), a unique liquidity bootstrapping mechanism.”
AI-Focused Layer-1 Chain Nuklai Announces Launch of DAO for Governance, Say on Use of Funds
July 18: Nuklai, a layer-1 blockchain built for artificial intelligence, announced the launch of the Nuklai DAO, “a decentralized autonomous organization designed to empower its community and ecosystem,” according to the team: “With this development, the company moves towards greater community-driven governance and collaboration. This initiative allows community to have a direct say in the allocation of these funds through proposals and votes on Commonwealth and Snapshot. The launch of the Nuklai DAO will manage the 400,000,000 NAI Community token allocation.”
Polygon, Google Cloud, Accenture Release White Paper on Web3 Loyalty Programs
July 18: Polygon Labs, in collaboration with Google Cloud and Accenture, jointly released a white paper that highlights how Web3 solutions can build high-margin loyalty programs. According to the team: “The paper highlights how users can enjoy rewards such as tokenized privileges, gamification, collectibles and community-generated content. This not only improves the user experience but also generates new revenue streams for brands while empowering users to actively participate in loyalty programs.” (MATIC)
Chainbase Raises $15M to Grow Omnichain Data Network
July 18: Omnichain data network Chainbase has raised $15 million in Series A funding with Tencent Investment Group, Matrix Partners and Hash Global among the investors. Chainbase is an interoperability layer that is building the “first crypto world model,” to deliver data from across the cryptocurrency spectrum, according to an emailed announcement on Thursday.
Outlier Ventures Partnership With Morgan Creek Digital Brings Accelerator to Latin America
July 18: Global Web3 accelerator Outlier Ventures has announced a new strategic partnership with Morgan Creek Digital, to launch their first-ever accelerator program in the Latin American region. According to the team: “The program seeks to identify startups developing solutions to drive technological and financial innovation across Latin America. The virtual program starts in September and lasts for 12 weeks, offering selected startups support from Outlier Ventures’ in-house team of experts, tailored mentorship from industry experts, networking opportunities with investors, and up to 200K investment.”
Visa’s Data Partner Allium Labs Raises $16.5M as Their New Findings Show Stablecoin Activity is Back Up
July 18: Data platform Allium Labs, which provides enterprise-grade blockchain data to companies like Visa, Stripe and Uniswap Foundation, has raised $16.5 million in a Series A funding round, it announced Thursday. The funding round was led by venture capital firm Theory Ventures whose founder Tomasz Tunguz will join the board as part of the investment. Tunguz said “The demand for cryptocurrencies and tokens has just started” and that…
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