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DAO infrastructure platform Layer3 raises $2.5 million in seed funding 

Crypto startup Layer3, which provides tools for decentralized autonomous organizations (DAOs), has raised $2.5 million in a seed funding round.ParaFi Capital led the round, with Electric Capital, Lattice Capital, 6th Man Ventures, Red Beard Ventures, and Mirana Ventures also participating.  Angel investors, including Balaji Srinivasan, Kain Warick of Synthetix, and Jai Bhavnani of Rari Capital, also backed the round. With fresh capital at hand, Layer3 plans to expand its current team of two co-founders — Brandon Kumar and Dariya Khojasteh — to around six in the near future, Kumar told The Block. The startup

Crypto treasury management platform Coinshift raises $2.5 million in seed funding

Crypto treasury management platform MultiSafe has rebranded to Coinshift and announced it has raised $2.5 million in a seed funding round.Investors included Sequoia Capital India, Weekend Fund (founded by Product Hunt founder Ryan Hoover), ConsenSys Mesh, DeFi Alliance, Ethereal Ventures, Fintech Collective, and Gnosis, among others. There was no lead investor in the round. Angel investors, including Fernando Martinelli (co-founder and CEO of Balancer Labs), Sandeep Nailwal (co-founder and COO of Polygon), Ajit Tripathi (head of institutional business at Aave), and Larry Sukernik (formerly of Digital Currency Group), also backed

Sports NFTs Are Hot Property: How Blockchain Technology Gives Fans New Ways To Connect With Their Favourite Sport

It’s an exciting time to be a football fan. The sport is embracing new technology that is enabling fans to show their love for the beautiful game in totally new ways. But even as the digital collectible market expands, the crypto community can still offer fantastic physical prizes. Are NFTs the future of football fandom? The big finance firms seem to think so. SoftBank Vision Fund, LionTree, Bessemer Ventures, IVP, Hillhouse and Atomico were all lead investors in Sorare, a European fantasy football platform that offers digital collectibles in the

APENFT Partners Up With Tron-Based Cool Cats

APENFT Foundation steps up its efforts to support promising and emerging non-fungible token projects on the Tron network. The company announced a new strategic collaboration with Tron Cool Cats — a spin-off of the Ethereum-based collection. This new partnership will focus on providing ongoing marketing and product development support to Tron Cool Cats. Following the recent creation of a $100 million fund dedicated to investing in high-quality NFT projects, APENFT has been ramping up its efforts to spot such art collections in the rapidly evolving Tron NFT landscape ecosystem. Excited

COTI to Issue New Stablecoin on Cardano Network

COTI introduced a new algorithmic stablecoin called Djed for Cardano this weekend in an effort to expand decentralized finance (DeFi) on the network.Sponsored Sponsored The Djed stablecoin was announced at a Cardano Summit in Wyoming on Sept 26 by IOHK founder Charles Hoskinson. The enterprise-grade fintech platform COTI will be the official issuer of Djed which will use the new Cardano smart contracts to ensure price stability, the announcement added.Sponsored Sponsored Djed will be entering an already crowded stablecoin market that is dominated by Tether and USD Coin, however, its

Where to buy Terra before new upgrade sends LUNA price to the moon

Growing demand for UST saw LUNA price hit an all-time high this month, and it could easily achieve another after the Columbus 5 upgrade Terra (LUNA) has defied the downward trend prevalent in the rest of the crypto market by managing gains of 1.5% in the last 24 hours. With an important upgrade due at the end of the month which will enable the Terra ecosystem to expand, LUNA price could be headed for the moon. How & where to buy Terra in the UK and elsewhere With the ever-increasing

Ripple Partners With Bhutan To Pilot CBDC Project

Ripple, in partnership with The Royal Monetary Authority of Bhutan, will start trials for a digital Ngultrum. The San Francisco-based company will integrate its distributed ledger technology into Bhutan’s existing payment system with the help of its CBDC Private Ledger product. Related Reading | Ripple and XRP: The Complete Guide The leading provider of enterprise blockchain and crypto solutions for cross-border payments announced this partnership on Wednesday. There was also a Twitter announcement to this effect. “Today, we are proud to announce our partnership with Bhutan’s central bank, the Royal Monetary

African Weather Balloon Project Uses Blockchain to Track Climate in West Africa

According to the findings of one study, nearly 91% of deaths from natural disasters recorded between 1970 and 2019 occurred in developing countries. This study adds that such a high number of deaths is largely due to a lack of early warning systems and disaster management protocols. Using Blockchain to Store Climate Data It has been shown that improvements in technology can help to lower the number of lives lost as a result of flooding or cyclones. Unfortunately for third world countries, their poor access to centralized data which is

Hedera set to expand through $4.5 billion allocation 

The Hedera ecosystem is set to undergo improvement and expansion through a fresh allocation of 10.7 billion HBAR, which is equivalent to $4.5 billion and represents 20% of the token’s total supply. HBAR is Hedera Hashgraph’s native token. The Hedera Governing Council said that this expansion is aimed to better position itself in the highly competitive blockchain industry, where new players with innovative offerings are fast growing. The value of the 10.7 billion HBAR has actually more than doubled since the Council approved the allocation last July 14. It was

Shiba Inu coin (SHIB) pumps and sees $2 billion traded after Coinbase listing

Shiba Inu coin (SHIB) believers were in for a surprise Friday morning after Coinbase, one of the world’s largest and most regulated crypto exchanges, listed the memecoin on its platform.“SHIB is now live on Coinbase and in the Coinbase iOS and Android apps. Coinbase customers can log in now to buy, sell, convert, send, receive or store SHIB,” the exchange said in a tweet.SHIB is now live on Coinbase and in the Coinbase iOS and Android apps. Coinbase customers can log in now to buy, sell, convert, send, receive or