Fund Raising:

• Composable Finance is pleased to announce that it has raised $32 million in Series A funding. The round included notable investors in the space. GSR, Tendermint Ventures, Fundamental Labs, Coinbase Ventures, LongHash Ventures, Blockchain Capital, Jump Capital, Polytope Capital, NGC Ventures, and Spartan Group.This new capital will be used to expand the team and build products that push the blockchain and Web3 industry further along the continuum of interoperability. Futuristic capabilities like cross-chain computing, with smart contracts that span multiple ecosystems.

Projects Brief:

• Oasys, a Japanese game L1 chain founded in February, has announced 4 institutional nodes out of a total of 21 founding nodes, including Japanese game publisher Bandai Namco, Korea's largest mobile game company Netmarble, Korea's largest mobile phone Game developer and promoter Com2uS, South Korean game company Wemade. Oasys' architecture integrates the latest L1 and L2 technology solutions to provide the best choice for game developers and the gaming community. Because of the high gas fee of Ethereum, Oasys plans to build an EVM side chain L1 as a consensus layer specifically for the game field, the execution layer of the game will be run on L2, so that game developers can run their own L2, and users do not have to pay gas fee. Oasys team members include Gabby Dizon (founder of YGG), Hajime Nakatani, CEO of Bandai Namco, Hironobu Ueno, CEO of Double Jump, a Japanese blockchain game company, Hironao Kunimitsu, CEO of Thirdverse, a Japanese VR game developer, and Shuji Utsumi, COO of Sega, Japan . At present, Oasys has released the litepaper and announced the Tokenomics.

• StarkNet - Ethereum's Scaling Solution

• Avalanche Subnets - The Next Growth Engine in Crypto?

• DeFi Kingdoms Goes Live On Avalanche Subnet

• The BNB Chain team will introduce BNB Application Sidechains (BAS) to increase scalability and reduce application fees. BAS will allow teams to choose their own validators sets rather than relying on the BNB Chain for security. Teams working on BNB Chain are expected to share details about the first BAS testnet that will focus on GameFi in the coming weeks.

• The Alchemix Finance team has announced that it plans to deploy on additional EVM compatible rollups and layer one blockchains. The multichain rollout will occur in two phases. The first is the ability to bridge ALCX and alAsset tokens onto other chains, followed by the launch of the Alchemix protocol natively on other chains, allowing users the ability to create CDP positions on other platforms like Fantom.

Crypto Insight:

• Ethereum to PoS imminently: In-depth analysis of the Staking track and representative projects

• Layer 0 Wars: LayerZero vs Chainlink's CCIP

• GameFi Monetization: A Framework for Redefining Play-to-Earn

***The above are not investment advice, please do your own research.  You also can follow us on Twitter, Telegram, Discord or subscribe the Newsletter here.