📬 Inbox Dump #96
Sometimes announcements here didn’t meet the bar to become a news story, sometimes they may have slipped through the cracks, or they came late and we haven’t had a chance to cover.
At The Defiant we cover the most important DeFi-related news and developments but we know many of you are hunting for projects before they are fully developed and before they are newsworthy. Our goal with this installment of the newsletter is to help you find them. Look at this as the starting point to DYOR.
We also include a compilation of DeFi and crypto funding rounds in the past week so you have these in one handy place.
Keep in mind these have been unedited. With that—here we go!
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Inbox Dump!
Coinbase Asks Devs to Create ‘Flatcoins’ on its Base Network
The exchange welcomes developers to create “flatcoins,” which are not pegged to the fiat currencies but “rather fill the space between fiat pegged coins and volatile crypto assets.” Coinbase believes that the creation of such coins is a more important task than ever, taking into account the recent banking crisis.
Seedify Incubates and Launches ChainGPT, an AI Solution for the Crypto and Blockchain Industry
SEYCHELLES, March 31, Seedify, a leading launchpad and incubator in the crypto industry, has announced the launch of ChainGPT, an AI model designed to provide solutions and use cases related to crypto and blockchain technology.
Easy way to obtain crypto license in Dubai: Gofaizen & Sherle launches a new service
Gofaizen & Sherle, a leading fintech and crypto consultancy firm based in Estonia, launched its first crypto product for the UAE, to assist businesses and startup owners in obtaining crypto licenses in two key zones in UAE: the DMCC free zone and IFZA free zone, both located in Dubai.
OKX Launches Turkish Lira Deposits and Withdrawals
OKX launched Turkish Lira (TRY) deposits and withdrawals on Android, iOS, and web. The move comes as OKX deepens its focus on the fast-growing Turkish market and greatly expands its offerings for users around the world wanting to trade crypto with TRY.
Huobi partners with Gala Games for L1 and Web3 development
In an official blog post on March 31, Huobi announced a partnership with Gala Games to develop the Web3 ecosystem. The two companies will collaborate to invest in and list projects within the Gala ecosystem.
Bitget Offers Index Futures with Aggregated Market Indicators
SEYCHELLES, March 30, Bitget announced Index Futures, a native futures contract trading service. The new product is designed to attract investors seeking relatively low-risk yield-earning instruments based on aggregated market indicators.
Inspired by Ledger – new Artist Program securely brings creatives to the forefront of the digital revolution
Paris, March 27, Ledger announces ‘Inspired by Ledger’ a program commissioning top artists from within the web3 ecosystem to create works that explore the Ledger brand and mission, serving as a patronage program for digital artists and creatives.
Metaverse Fashion Week 2023 Goes Multi-Platform in Push for Interoperability
As Metaverse Fashion Week gears up for its second strut down the virtual runway, things look a lot different than they did a year ago, when the annual gathering of virtual and physical fashion leaders first launched in Decentraland.
New Deposit Methods on the WhiteBIT Crypto Exchange
WhiteBIT added the ability to top up the balance using three more international methods: via Apple Pay, SEPA, and Web3 wallet. Exchange users can now quickly replenish their balances in EUR, PLN, USD, ETH tokens, and neighboring networks, which will greatly simplify the depositing procedure for users.
Blockfence and Forta Network Collaborate to Enhance Web3 Users’ Security
San Francisco, CA – Blockfence, a security aggregation provider, has teamed up with Forta Network, a decentralized monitoring network specializing in Web3 threat detection and prevention.
Binance Fan Token Platform Launches Alpine Race Collectibles for Unique F1 Experiences
Paris, France, 31st March, Binance Fan Token Platform has announced the release of Alpine Race Collectibles. Holders of the new Super Super Rare digital collectibles can enjoy unique, once in life-time Alpine fan experiences.
Lost Worlds Launches Version 2.0 of GeoNFTs in Web3 Platform
Lost Worlds is announcing the launch of its latest beta version – LOST version 2.0 – on the Avalanche blockchain. LOST is a fully featured mobile minting platform linking NFTs (non-fungible tokens) to the real world while adding value to the LOST cryptocurrency token.
Bitget Becomes the First Centralized Exchange to Offer Financial Transparency Through Space and Time
27th March, Bitget, the largest crypto copy trading platform, announced a strategic partnership with Space and Time (SxT), a leader in decentralized data warehousing, to offer users unparalleled transparency of exchange operations with a verifiably tamperproof audit trail of data and computation.
Core’s Revolutionary Satoshi Plus Consensus Marries Decentralization, Security, and Scalability
Core is a novel layer one blockchain that is pushing the boundaries within the crypto space. Inspired by Bitcoin and Ethereum, Core progresses beyond those blockchain behemoths by synthesizing each of their superpowers.
Funding
Ledger Closes $109M Funding Round with Majority of Funds Raised
Investors that participated in the round include existing investors 10T, Cap Horn, Morgan Creek, and Cathay Innovation, as well as new backers such as True Global Ventures, Cite Gestion SPV, Digital Finance Group, and VaynerFund.
EigenLayer Lines Up $50M In Bear Market Fundraise
EigenLayer, a restaking protocol helping Ethereum scale, has raised $50 million in a Series A round led by Blockchain Capital. Other investors include Electric Capital, Polychain Capital, Hack VC, Finality Capital, and Coinbase Ventures.
Blockchain startup Fetch.ai grabs $40M to provide monetization and other tooling for AI-generated information
The funding is a substantial amount in the current market, and it is coming from a single company, DWF Labs, an incubator that is connected to an entity called Digital Wave Finance.
Paradigm Leads $7M Round for Optimism-Based Startup Conduit
Crypto infrastructure startup Conduit has emerged from stealth with a $7 million seed funding round led by blockchain-focused investment giant Paradigm.
Econia Labs secures $6.5M to build decentralized order books on Aptos blockchain
Econia Labs, announced that it raised $6.5 million in seed funding led by Dragonfly. Other investors joining the round included, among others, Lightspeed Faction, Wintermute Ventures, Hudson River Trading, Flow Traders, Aptos Labs.
Cross-Chain Infrastructure Protocol LI.FI Raises $5.5M
The round was led by investment firm 1kx. Other participants in the round included investment firms Dragonfly Capital, Lattice Capital, Scalar Capital, 6th Man Ventures, Coinbase Ventures, and BairesDAO and AngelDAO, among others.
Granary Finance Gets $5M Funding From DeFi Community
DeFi lending protocol Granary Finance has rustled up more than $5 million USDC in under two weeks, in a community-driven fundraise demonstrating homegrown decentralized interest persists despite cryptocurrency’s ongoing bear market.
Blockchain-Based Trade Finance Protocol PolyTrade Successfully Raises $1.2M Funding
The round had notable investors and leaders including Sandeep Nailwal (Polygon), Master Ventures, Orion Protocol, AU21 Capital, Spark Digital Capital, LD Capital Limited, Icetea Labs, Momentum 6, Krypital Group, ROK Capital, Ramani Ramachandran (Router), Amesten Capital, Axia Ventures, Shima Capital, and DaSheng Capital.
