Tech
The latest technology news on cryptocurrencies and blockchain
November 22: Shield of serenitya startup focused on Multi-chain data storage and inheritance solutionsis finally launching its flagship product, the StrongBox DAppon the mainnet, according to the team: “It features a fully on-chain inheritance solution with storage scalable up to 1 PetaB, ready for mass B2B and B2B2C adoption. Cloud 3.0 is redefining the concept of cloud storage with encryption free, distributed, redundant file storage for assets such as PDFs, speech, audio, video, text, and on-chain cryptocurrency.”
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Privy, a consumer tools crypto startup, raises $18 million to grow team
November 22: Privatea crypto startup focused on consumer tools, has raised $18 million in a Series A round led by Paradigm, with participation from previous investors including Sequoia Capital, BlueYard Capital and Archetype, according to a blog post: “With this new funding, we will grow our team and continue to advance the development, security and scalability of our onboarding toolkit and identity platform.”
Frax community approves plan to use Axelar for expansion into new chains
November 21: From the team of Axelara protocol for secure cross-chain communication: “A proposal has has surpassed on-chain governance use Axelar to expand Frax Finance products to multiple new chains.”
DeFi options protocol Panoptic raises $7 million from Greenfield, HashKey
November 21: PanopticA Ethereumbased protocol DeFi native options tradingclosed at $7 million funding round “led by a company based in Germany Green capitalwith substantial contributions from HashKey, gumi Cryptos Capital (gCC), L1D as well as other influential pioneers in the blockchain industry,” according to a press release. “The Panoptic team released its smart contract code to its broader community last month. This crucial next step sets the stage for the highly anticipated beta release, giving the community the chance to explore key features of the protocol and final product.”
Violet launches VioletID, a “Compliance-as-a-Service” offering.
November 21: Viola he threw VioletIDa permissionless compliance-as-a-service offering for on-chain finance, to help protect users, enable institutional participation and regulatory security, according to the team: “VioletID orchestrates all relevant compliance primitives ( KYC/B, AML, etc.) – all wrapped up in a simple on-chain interface, which does not require our permission to integrate and is free to use VioletID is the result of our work at the intersection of compliance and on-chain finance launched Mauvethe first fully compatible DEX for RWA, running on VioletID.”
Lumoz will launch zkEVM StableNet in December
November 21: Lumoza leader ZK-RaaS (rollup-as-a-service), is set to revolutionize the blockchain industry with the launch of Stable network in December, according to the team: “This is cutting edge Ethereum-based zkEVM introduces several game-changing features, including USDC stability, cross-rollup communication, and a decentralized prover network.”
Vega “Cosmic Elevator” protocol update enables permissionless derivatives markets
November 20: Vega protocola chain of tier 1 apps and DEX derivatives, has unveiled the launch of perpetual futures trading markets on its platform, according to the team: “After going through community governance, Vega’s latest software update , nicknamed the ‘Cosmic elevator,’ allows users to propose the creation of new derivatives markets on any underlying without permission, as well as use Ethereum smart contracts as price oracles.”
Aptos Foundation and Alibaba Cloud will collaborate on Asia-focused Web3 Hackathons
November 20: As a designated blockchain sponsor Alibaba Cloud’s innovation accelerator program, the Aptos Foundation will provide builder resources and ecosystem fund support to promising projects built by Aptos, according to the team: “Aptos Foundation x Alibaba Cloud will launch the first co-branded Move developer community in Asia, driving the impact of smart contract programming language built for mass adoption. Aptos Foundation x Alibaba Cloud will also collaborate on a series of regional hackathons and events to expand and empower the Asia-Pacific Web3 community.”
Neon EVM (on Solana) to support gas fee payments in different tokens
November 17: NeonA Ethereum virtual machine For scaling Ethereum active apps Solanawas to be announced at EthGlobal its testnet support for several tokens such as gas fee payments, which will go live on the mainnet before the end of this year, according to the team: “It marks a significant step towards improving user experiences within the ecosystem EVM. Users can attach tokens from Ethereum to Solana for use in Neon EVM dApps or services, avoiding the need for NEON. The multi-token gas payment solution accepts various tokens, including SPL, USDC, USDT and SOL, providing flexibility in paying gas fees with the user’s preferred token.”
ZkLink launches Nexus, an L3 to connect L2
November 17: ZkLinka developer of zero-knowledge proof-powered blockchain solutions, announced the launch From Linka production-ready, highly customizable layer-3 or “L3” designed to bridge the gap between different ZK Rollup layer-2 or “L2” ecosystems, to reduce liquidity fragmentation, according to the team.
Union Labs, Zero-Knowledge Interoperability Layer, Raises $4 Million in Seed Funding
November 17: Union Laboratorieswhich aims to create an efficient level of zero-knowledge interoperability, has been successful raised $4 million in seed funding to build the “first fully trustless bridge connecting appchain, layer-1 and layer-2 networks,” according to the team. “The secured capital is also earmarked for the expansion of the Union’s experienced team, made up of leaders from Composable Finance; consent; Tokensoft; AND Polygon; in anticipation of its next launch on the mainnet. Other notable all-round investors include Change of light AND Choir One.”
“Confidential Blockchain” Developer Fhenix Now Plans Ethereum Rollups
November 16: FenixWhich announced a $7 million fundraising effort in September to build a “confidential blockchain” powered by fully homomorphic encryption or (FHE)revealed Thursday that he is “presenting FHE Rollup to increase privacy Ethereum and similar networks.” According to a message from the team: “These rollups enable secure on-chain transactions and private applications, allowing developers to create private Layer 2 networks while remaining compatible with Ethereum.” Founder of Fhenix Guy Zyskind he told CoinDesk in an interview that “We will have our canonical Fhenix L2 mainnet,” but also “We are trying to be the encrypted rollup stack” that builders can use to build their own networks. “Developers won’t know that there’s crazy math and encryption under the hood,” she said.
Overview of the Fhenix design. (Phenix)
DLN and BloXroute to create a high-speed cross-intent network
November 16: DLNwhich stands for deSwap Liquidity networkon which to build a cross-chain trading infrastructure deBridgehas entered into a strategic partnership with bloXroutea DeFi performance provider,” to provide MEV researchers, DeFi institutional traders and projects very quickly intentchain-based cross-value exchange,” according to the team: “Thanks to the synergy between DLN’s high-performance infrastructure and the rapid transaction propagation capabilities of bloXroute’s blockchain distribution network, users and the dApps they integrate will be able to use the bloXroute API for cross-border interactions. fastest chains available.”
Kinetex obtains strategic investment to develop Gnosis
November 16: Kinetex networkA decentralized platform for cross-chain tradingannounced the closing of a strategic financing round, a “seven-figure sum,” led by Factor AND Chain of Gnosisto build on Gnosis Chain, a community-driven layer-1 EVM, according to the team: “This partnership allows Kinetex to refine its revolutionary business approach for cross-network liquidity transfer that eliminates the need to store pooled assets and leverages the zero-knowledge (Zk) leverage to achieve validation without relying on third parties…. Kinetex plans to launch its public testnet on Gnosis Chain early next year. The testing phase, scheduled to last three months , is geared towards identifying bugs and perfecting the user experience.”
Nocturne, an on-chain private account protocol, deploys v1 on Ethereum
November 16: Nightan enabling protocol private accounts on-chainannounced the successful implementation of Nocturne v1 TO Ethereum main network. According to the team: “This marks a significant milestone in the journey towards a more private and accessible Ethereum. For the first time, users will have a compatible and easy-to-use product similar to a private onchain account.”
CORRECTION (Nov 16, 11:17 UTC): Corrects spelling of Kinetex in title, first line.