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.

More news 🗞️

Rocky Rabbit Telegram Game Introduces Battle Mode Before Airdrop

Saturday. September 14 at 9:00 PM

Rocky Rabbit, a tap-to-earn game on Telegram, is gearing up for the launch of its RabBitcoin (RBTC) token on The Open Network. The latest addition to the game is the Battle mode, a key milestone on the roadmap to the airdrop. Despite its colosseum-like theme, the Battle mode is actually a game of chance where players enter a betting pool and watch a roulette wheel determine the winner. The game offers three venues with varying bet ranges, but the gameplay is primarily centered around menu taps rather than combat. Players can earn in-game coins through the Battle mode before the RBTC token launch. Additionally, the app teases upcoming mini-games RocQ and Magic Rabbit. To access the Battle mode, players need a Game Pass obtained through a special code. The RBTC token is scheduled to launch on TON on September 23, coinciding with a series of major Telegram game token drops.

Blockchain Gaming

Kraken Removes Lightning Network Feature for German Users

Saturday. September 14 at 10:00 AM

Top cryptocurrency exchange Kraken has disabled the Lightning Network feature for its customers in Germany, citing technical reasons. Initially, reports suggested regulatory issues were the cause, but Kraken clarified that it was due to technical changes. The company stated that the decision was made to ensure a reliable and secure platform for German clients. The Lightning Network, a second-layer application for Bitcoin, facilitates faster transactions for smaller purchases by routing them through side channels. This feature is aimed at reducing transaction fees during network congestion. While Kraken has disabled this feature, other major exchanges like Coinbase offer Lightning integration to provide cost-effective Bitcoin transactions. By utilizing the Lightning Network, customers can opt for a more efficient payment method during peak network activity, ultimately reducing transaction costs.

Blockchain Gaming

Blockchain Gaming Surpasses 4.2 Million Daily Users in August

Saturday. September 14 at 8:30 AM

Blockchain gaming achieved a new milestone in August with 4.2 million daily active users, as reported by DappRadar. Despite ranking second in activity among crypto sectors due to the AI boom, web3 gaming experienced a 5% increase in daily unique active wallets. Ronin led the blockchain gaming landscape with 1.32 million UAW, driven by games like Pixels and Forgotten Runiverse. OpBNB followed with 688,000 UAW, growing by 50% with games like 'SERAPH: In the Darkness.' SKALE Network also saw a 10% growth, reaching 352,000 UAW with titles like motoDEX and World of Dypians. KGeN emerged as the top gaming app with 2.3 million UAW, while Immutable's BoomLand and Pixels were also popular. The report highlighted the successful beta test of Lumiterra on Ronin and the significant VC funding in the blockchain gaming sector, nearing $580 million in investments.

Blockchain Gaming

Consumer Protection Concerns in European Video Game Industry

Friday. September 13 at 8:00 PM

A complaint has been filed by a group representing European consumer protection organizations with the European Commission regarding the use and marketing of in-game digital currencies by the video game industry. The European Consumer Organisation (BEUC) and 22 member organizations from 17 countries have urged the European Commission and the European Network of Consumer Authorities (CPC-Network) to take stricter action against video game companies that exploit consumer spending through in-game currencies. Concerns have been raised about the legal ambiguity surrounding in-game currencies, which are used as both digital content and payment methods. The report highlighted issues such as unclear pricing in real money, potential consumer confusion, and the impact on economic behavior. The organizations have called for enhanced enforcement and clearer regulations to address these challenges in the gaming industry.

Blockchain Gaming