Blockchain Gaming

Securing Blockchains: Chaos Labs Raises $55M in Series A Funding

Friday. August 16 at 6:30 AM

1 min. read

Chaos Labs, a New York City-based startup, has successfully closed a $55 million Series A funding round led by Haun Ventures, with support from existing investors like PayPal, Lightspeed, and Galaxy Ventures. The round also saw new investors such as F-Prime Capital and Slow Ventures joining in. Specializing in providing a cloud platform for securing blockchains, Chaos Labs caters to clients like Aave, GMX, and Jupiter, offering risk management solutions and economic security through simulation-based assessments. With a track record of securing billions in trading volume and loans for various crypto protocols, the company aims to address the prevalent security challenges faced by DeFi platforms. The recent funding will enable Chaos Labs to develop innovative products for real-time updates on market conditions for onchain applications, building on its previous success in raising $20 million in a seed round back in Feb. 2023.

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Investment in TON Ventures by OKX Ventures to Boost Telegram-Powered TON Applications

Wednesday. December 11 at 1:00 AM

OKX Ventures, the investment arm of global crypto exchange OKX, has injected $5 million into TON Ventures to enhance the development of Telegram-driven TON apps. The investment was disclosed by the OKX Ventures team on Dec. 10, in support of The Open Network blockchain's specific venture capital fund. This funding aims to expedite the growth of the TON ecosystem's developer community. Jeff Ren, a partner at OKX Ventures, expressed confidence in TON's ability to promote mainstream adoption of onchain technologies. The recent launch of the Telegram Growth Hub, in conjunction with this investment, underscores OKX Ventures' commitment to TON's potential. The collaboration with TON Ventures' founding team, known for their extensive ecosystem knowledge, is expected to facilitate the scaling of TON-native applications. OKX Ventures also introduced the $10 million Telegram growth hub with The Open Platform and Folius Ventures to introduce blockchain applications to Telegram's vast user base. TON Ventures, having raised $40 million in funding, is focusing on future developments in gaming and monetization tools.

Blockchain Gaming

Global Crypto Awareness on the Rise Amidst Trust Issues in Traditional Finance

Tuesday. December 10 at 10:00 PM

A recent global survey conducted by Consensys and YouGov reveals that crypto awareness has surged to 93% as trust in traditional financial systems wanes. The report indicates a growing understanding and adoption of cryptocurrencies worldwide, particularly among younger men aged 25 to 44. Ownership and investment in digital assets have also seen an uptick, with Nigeria leading in ownership rates. Despite these positive trends, barriers such as market volatility, scams, and lack of clear entry points persist, hindering broader participation. Concerns about centralized platforms and a desire for more control over online identities and data are prevalent among respondents. Blockchain technology is seen as a potential solution to address these challenges, with a majority expressing distrust in traditional financial systems. The survey underscores the need for education and reform in the evolving digital landscape, as users increasingly seek ownership and control over their digital presence.

Blockchain Gaming

Dimo's Migration to Base: A Strategic Move for Future Growth

Tuesday. December 10 at 7:00 PM

Dimo, a platform facilitating developers to create apps and drivers to monetize their data, is transitioning from Polygon to Coinbase's Base Ethereum scaling network. Co-founder Rob Solomon sees this shift as a gateway to valuable partnerships. The project aims to establish a global API layer for cars, envisioning a future with AI car mechanics and data-selling opportunities for users. While currently operating on Polygon, Dimo plans to switch to Base layer-2 chain for enhanced collaborations. Solomon highlights potential partnerships with projects like Cario and Blackbird. The migration is scheduled for late 2025, with minimal impact on platform users. Base, backed by Coinbase, offers a robust ecosystem attracting various projects. Dimo sees Base as a strategic fit for its long-term goal of revolutionizing the car industry. Solomon foresees Dimo's blockchain technology replacing traditional vehicle identification systems, streamlining processes like payments and credentials. This vision aligns with Dimo's ambition to be a pivotal player in the automotive sector, with Base as its preferred platform for growth.

Blockchain Gaming

Collaboration for Blockchain Gaming: Zoppel Launching on Skale Network

Tuesday. December 10 at 9:00 AM

Skale Labs and Sequence are joining forces to support upcoming blockchain games, starting with the launch of mobile shoot ‘em up game Zoppel: The Legend of Furiax on the Skale network. Zoppel, a vertical spaceship shooter, will have its alpha test on Android and iOS on December 15, marking the beginning of the partnership. The game, based on an original science fiction IP, will be accompanied by a graphic novel shipping in January. Skale Labs, known for Skale, an Ethereum layer-2 scaling network gaining traction in gaming, is collaborating with Sequence, a blockchain gaming platform by Horizon. Future games like Sheertopia, The Last Monarchy, Netherak Demons, and Olderfall will also launch on Skale with support from both companies. The integration of Sequence Builder toolset with Skale's Nebula mainnet aims to enhance game development and player experiences in the gas-free blockchain environment.

Blockchain Gaming