Infrastructure

On March 28th, the Layer1 public chain Sei Network tweeted that it had more than 500000 independent users a week after testing the Atlantic-2 online line.
Sei Network: The Atlantic

According to the latest report on the status of European encryption venture capital, European encryption startups raised a record $5.7 billion in venture capital funds last year, up from $5 billion in 2021. The investment cycle follows the global trend of peaking in the second quarter of this year and falling sharply in the first quarter. Web3 remains a key area, while the fastest growing vertical area is infrastructure, including developer tools, blockchain scalability solutions, and Layer1 blockchain. Interpretation of this information: The latest report on the status of European…

According to the latest report on the status of European encryption venture capital, European encryption startups raised a record $5.7 billion in venture capital funds last year, up from $5 billion in 2021. The investment cycle follows the global trend of peaking in the second quarter of this year and falling sharply in the first quarter. Web3 remains a key area, while the fastest growing vertical area is infrastructure, including developer tools, blockchain scalability solutions, and Layer1 blockchain. Interpretation of this information: The encryption industry in Europe is growing rapidly,…

It is reported that Orbs, a cryptocurrency infrastructure developer, will raise US $10 million from DWF Labs. Orbs plans to continue to develop its infrastructure to increase adoption, including on the Ethereum Virtual Machine (EVM) chain and Open Network (TON). Orbs recently started to build the first non-EVM Layer 1 on TON. Interpretation of this information: Orbs, a cryptocurrency infrastructure developer, is set to receive a whopping $10 million in funding from DWF Labs. This funding will be crucial for Orbs as it looks to develop its infrastructure and increase…

On March 10, Optimism, the Ethereum L2 network, announced on social media that the second round of retroactive public product fundraising (RetroPGF 2) voting has begun. RetroPGF 2 will allocate 10 million OP tokens to fund public products that support the development and use of the OP Stack open source code base. The projects that have been named will be divided into three categories, including infrastructure, tools and utilities, and transactions. Optimism also launched the RetroPGF 2 Discovery page, which allows users to learn more about this round of nomination…

On March 1, according to the statistics of the data website, in February 2023, the encryption market disclosed a total of 120 investment and financing events, involving a total amount of about 951 million US dollars, all of which increased significantly from January. Among them, infrastructure, game and DeFi are the top three tracks with financing amount of 360 million, 110 million and 98 million dollars respectively. In addition, the three projects with the largest financing scale are ChainReaction, a semiconductor company focusing on disruptive blockchain and privacy hardware ($70…

It is reported that on February 22, the Secretary for Finance of the Hong Kong Special Administrative Region Government, Chen Maobo, said that digitalization plays a key role in achieving high-quality development when he published the 2023-2024 fiscal budget of the Hong Kong Special Administrative Region Government. In order to accelerate the process of promoting Hong Kong’s digital economy, the Digital Economy Development Committee is conducting in-depth research on four major areas, including exploring the digital infrastructure needed to promote the development of the digital economy, convenient and safe cross-border…

According to the report, according to the market, Ankr Token ANKR, a Web3 infrastructure provider, has increased by more than 50% in 30 minutes, and is now offering US $0.05. It was previously reported that Microsoft and Ankr cooperated to provide node services for enterprises requiring blockchain data access. Interpretation of this information: The recent report suggests that Ankr Token ANKR, a Web3 infrastructure provider, experienced a sudden surge in its value. The market analysis indicates that within just 30 minutes, the value of ANKR increased by over 50%, reaching…

It is reported that the specific terms of the transaction for the acquisition of NFT Explorer, a data aggregator, by Rand Gallery in the Algorand NFT market, were not disclosed, but Rand Gallery said that the amount of the acquisition transaction was lower than that of last year, and that it was ending its seed round financing to fund the acquisition. Interpretation of this information: Rand Gallery, a well-known Algorand NFT marketplace, has reportedly acquired data aggregator NFT Explorer in an undisclosed transaction. Though the specific terms of the acquisition…