TrendX

Posted on Feb 26, 2024Read on Mirror.xyz

🚀TrendX Financing Daily News 02/27/2024

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【1】Shutter

Amount: $8.31 million

Stages: IDO

Date: February 25

Investors: Undisclosed

Category: DeFi, MEV

Description: Shutter Network is an open-source project that aims to prevent front running on Ethereum by using a threshold cryptography-based distributed key generation (DKG) protocol.Shutter allows users to send encrypted transactions in a way that protects them from front runners on their path through the dark forest (the metaphorical hunting ground of front runners that each transaction must cross).

Additons: Shutter raised $ 2.36 M in funding round on June 27, 2023

Website:https://shutter.network/

Twitter:https://twitter.com/project_shutter

【2】Delphinus Lab

Amount: Undisclosed

Stages: Pre-A round

Date: February 26

Investors: OKX Ventures

Category: Infrastructure, zk

Description: Delphinus lab provides solutions for trustless computation and application SDK based on ZKWasm virtual machine. The ZKWASM (ZKSNARK virtual machine that supports Web Assembly) serves as a trustless layer between rich applilcations running on WASM runtime and smart contracts on chain. The company’s mission is to construct a zkWASM cloud suite that eases the integration of more generic web applications into the web3 environment using the rollup as an application approach.

Website:https://delphinuslab.com/

Twitter:https://twitter.com/DelphinusLab

【3】Open Asset

Amount: $2 million

Stages: Seed round

Date: February 26

Investors: Korea Investment Partners, Hana Ventures, Mashup Ventures

Category: CeFi, Digital Securities

Description: Open Asset is a tokenized asset issuance company that aims to enable financial institutions to adopt blockchain and trade token assets. The company participated in the token securities issuance infrastructure project under Korea Investment Securities and was responsible for the development of distributed ledger systems and token securities smart contracts.

Website:https://www.openasset.co.kr/

LinkedIn:https://www.linkedin.com/company/open-asset-inc

【4】Avail

Amount: $27 million

Stages: Seed round

Date: February 26

Investors: Founders fund, Dragonfly, Nomad Capital, Figment Capital, SevenX Ventures, Balaji Srinivasan, Sunny Aggarwal, Mudit Gupta, Ashwin Ramachandran, Amrit Kumar

Category: DA, Infrastructure, Modular Blockchain

Description: Avail is a blockchain that is laser-focused on data availability: ordering and recording blockchain transactions, and making it possible to prove that block data is available without downloading the entire block. This allows it to scale in ways that monolithic blockchains cannot. Off-chain scaling solutions can unlock their full potential by offloading data availability to Avail. Standalone chains can bootstrap validator security by leveraging Avail for data availability.

Website:https://www.availproject.org/

Twitter:https://twitter.com/AvailProject

【5】Talus

Amount: $3 million

Stages: Undisclosed

Date: February 26

Investors: Polychain, dao5, Hash3, TRGC, WAGMi Ventures, Inception Capital

Category: Infrastructure, Layer1, Artificial Intelligence

Description: Talus Network is a blockchain platform with a focus on decentralizing artificial intelligence. The network harnesses the power of Move, emphasizing security, speed, and an enhanced developer experience. By fostering a diverse ecosystem of smart agents for decentralized applications, Talus Network creates a future where technology empowers its users in an equitable and accessible way. For instance, in DeFi, monetizable smart agents optimize liquidity-providing strategies across various protocols and chains. In gaming, they act as autonomous agents deployed by players or guilds to collect resources on their behalf.

Website:https://talus.network/

Twitter:https://twitter.com/TalusNetwork

【6】XPLA

Amount: Undisclosed

Stages: Undisclosed

Date: February 26

Investors: Tess Ventures, Play Ventures, Emoote

Category: Layer1, Application Chain

Description: XPLA is a content-driven, universal gaming and entertainment blockchain developed by Team C2X.

Website:https://www.xpla.io/

Twitter:https://twitter.com/XPLA_Official

【7】5ireChain

Amount: Millions of dollars

Stages: Undisclosed

Date: February 26

Investors: Gotbit

Category: Infrastructure, Layer1

Description: 5ire is a sustainable, Layer 1 blockchain that rewards its validators and customers for taking sustainable actions.

Additions: 5ire raised $ 100 M in Series A round on July 15, 2022

Website:https://www.5ire.org/

Twitter:https://twitter.com/5ireChain

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Website: https://app.trendx.tech/

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