đŹ Inbox Dump #12
Hello Defiers! Welcome to Inbox Dump where we include the updates and announcements that flood our DMs each week and didnât make it to The Defiantâs content platforms. Sometimes announcements here didnât meet the bar to become a news story, sometimes they ...
By: Â Â
Inbox DumpHello Defiers! Welcome to Inbox Dump where we include the updates and announcements that flood our DMs each week and didnât make it to The Defiantâs content platforms. Sometimes announcements here didnât meet the bar to become a news story, sometimes they may have slipped through the cracks, or they came late and we havenât had a chance to cover.
At The Defiant we cover the most important DeFi-related news and developments but I 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 âhere we go!
[This post is exclusive to subscribers]
Inbox Dump!
âď¸ Roxe Announces Roxe Payment Protocol, Worldâs First On-chain Forex Swap Protocol
NEW YORK -- June 11, 2021 --Roxe, a next-generation global payment network, today announced the official debut of Roxe Payment Protocol (RPP), an open, decentralized and peer-to-peer payments protocol designed to deliver the best available wholesale foreign exchange rates to individuals, payment companies, banks and other financial institutions. Roxe Payment Protocol uses a key innovation -- decentralized finance (DeFi) liquidity pools -- to deliver among the least expensive, fastest, and most transparent foreign exchange (FX) rates and cross-border payments.
âď¸ BLAST Premier and Bondly Team Up to Launch NFTs Featuring Chickens Synonymous with Counter-Strike
New York City, New York - June 11, 2021Â - Esports tournament organiser BLAST Premier and Bondly, the premiere NFT solutions provider, have teamed up to launch a fun, affordable and gamified collection of NFTs featuring original artwork of chickens synonymous with Counter-Strike.
âď¸ CoinSwap Space Continued Growth Sees New TRX/BNB Farming Pair Added With Massive Initial APY
TALLINN, Estonia, June 8, 2021 - 5pm CET, this Tuesday the 8th of June sees CoinSwap Space launch a TRX/BNB pair on their decentralized exchange. The new pair presents a great opportunity for DeFi investors to earn massive returns. Sky high APY will be offered to incentivize users to add to the liquidity pool in the first few days after launch.
âď¸ Deeper Network Partners With Cointelegraph To Deep Dive Into The Polkadot Ecosystem
SANTA CLARA, USA - June 9, 2021 -Deeper Network, the decentralized web infrastructure for a more secure, private and fairer internet, are proud to announce their partnership with Cointelegraph Research. Together they will be compiling a report on the Polkadot Ecosystem. The report will examine how Polkadot compares to Ethereum 2.0, the use cases that underline DOTâs value and highlight some of the projects building dApps in the ecosystem.
âď¸ Liti Capital Announces Tokenized Private Equity for Litigation Finance
Geneva, Switzerland - June X, 2021 - Liti Capital SA, a Swiss Litigation Finance fund, is announcing their launch into the world of crypto tokenization with the goal of democratizing legal arbitration cases and providing retail investors with investment opportunities previously only available to the top 1% of investors. This puts the excitement and decision-making power of high-profile court cases directly in the hands of the average investor. And as one of the few asset-backed equity tokens soon to be on the blockchain, the LITI token can provide high ROI even in a bear market.
âď¸ Open-Source Oracle Platform DIA Announces âARTsâ, an NFT-Based Data Rights Management System
Zug, Switzerland; Thursday, 10.06.2021 - The open-source oracle platform DIA announces today the launch of a decentralised data rights management architecture for data providers and users in the DeFi market. The innovation leverages Non-Fungible Tokens (NFTs) to embed data rights information directly into the smart contracts that receive data from the platform. The goal of Autonomous Rights Tokens (ARTs) is to enable decentralised access to data feeds, an automated tracking for the usage of data rights, a decentralised monetization mechanism and an incentive architecture to source new data feeds.
âď¸ Unique Network and RMRK Partner to Showcase Next Generation NFT Technology
LONDON - June 10, 2021 -- Unique Network, the first NFT chain for Polkadot, announced today that they have formed a strategic partnership with RMRK Association to expand the capabilities of non-fungible tokens across blockchain ecosystems. This partnership demonstrates the first cross-project example of NFTs from different blockchains layering their design in a way that expands their utility, usability, and functionality for the broader metaverse.
âď¸ Tyson Fury Showcases NFTs ahead of HoDooi.com Launch
HoDooi.com, the marketplace to create, buy, sell and re-sell NFTs (non-fungible tokens) has made a world-first reveal of two-time heavyweight boxing champion, Tyson Furyâs, digital art collection. The digital artwork was produced by Fury in collaboration with his team at GoldStar Promotions and once released will provide boxing fans with the opportunity to collect the various NFT collectibles available within this release.
Funding
đ° Cryptocurrency Trading Bot Platform Hummingbot Buzzes With $8M Series A
Hummingbot closed on $8 million in Series A funding to continue developing its open-source cryptocurrency trading bot platform. Initialized Capital led the round and was joined by Slow Ventures, Arrington XRP Capital, Borderless Capital, Defiance Capital, Terraform Labs (Luna), AscendEX (BitMax), Ava Labs, NEM Trading and Altonomy. Including the new round, Hummingbot has raised a total of $13 million, according to Crunchbase data.
đ° Crypto Startup Solana Raises $314 Million to Develop Faster Blockchain
Blockchain startup Solana Labs Inc. says it has raised $314 million of new funding to develop technology used in the fast-growing area of the cryptocurrency markets known as decentralized finance, or DeFi. The funding round was led by Andreessen Horowitz, one of Silicon Valleyâs most prominent venture-capital firms, and Polychain Capital, a crypto hedge fund that also does VC-style investments.
đ° Ledger Raises $380 Million to Expand DeFi Solutions
Ledger, the company behind a popular range of cryptocurrency hardware wallets, has raised $380 million in a Series C funding round at a valuation of $1.5 billion. The investment round was led by 10T Holdings, a growth equity fund steered by global macro investor Dan Tapiero, who also joins Ledgerâs board. Other investors who participated in the round include Cathay Innovation, Draper Associates, Digital Currency Group (DCG), Wicklow Capital, and others.
đ° Unbound Finance Raises $5.8M From Top VCs & Angels
Unbound Finance has secured $5.8 million in investment from leading crypto investors, including Pantera Capital and Arrington XRP Capital, to support the firm and become the first-ever decentralized cross-chain stable coin.
đ° Yearnâs Cronje Backs $10M Funding Round for DeFiâs Instadapp
Instadapp announced Friday the completion of a $10 million funding round that was led by Standard Crypto and included Andre Cronje, the founder of Yearn.Finance, a crypto investing platform.
đ° Goldman Sachs Is Betting on DeFi Infrastructure Firm Blockdaemon
Goldman Sachs has joined in on a sizable funding round to help blockchain firm Blockdaemon expand. Itâs more evidence that the investment banking giant is warming up to cryptocurrency technology.
The funding round raised $28 million from investors including venture capital firm Greenspring Associates, crypto lending platform BlockFi, boutique venture capital fund Warburg Serres, and Goldman Sachs, according to an announcement today.
đ° Flareâs FBA-Consensus Network Bags $11.3 Million Strategic Round
Flare, one of the newest decentralized smart contract platforms, is on the verge of redefining smart contract utility. The worldâs first FBA protocol brings unparalleled scalability and low transaction costs. It integrates EVM, enabling easier integration of existing projects.
đ° BSCâs Impossible Finance raises $7 million in funding round
Binance Smart Chain (BSC) DeFi protocol Impossible Finance successfully secured 47 million in seed funding for the development of a multi-chain decentralized finance incubator. The funding round was backed by more than 125 institutional and angel investors and was led by venture capital firm True Ventures and quantitative investment company Alameda Research, blockchain development company Hashed, and investment firm CMS Holdings.
Thatâs all for today. Let me know what I missed!
The Defiant is a daily newsletter focusing on decentralized finance, a new financial system thatâs being built on top of open blockchains. The space is evolving at breakneck speed and revolutionizing tech and money. Spread the word and share!
