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Financing

Decentralized computing power monetization network NodeGo completes $8 million in financing, led by Hash Capital

decentralized computing power monetization network NodeGo announced the completion of an $8 million financing round, led by Hash Capital. The new funds will be used to build the network, allowing users and businesses to contribute to AI tasks by completing space and other calculations, while also allowing participants to earn rewards.

DeFi investment platform Prodigy.Fi completes $5 million seed round of financing, led by Quantstamp and Republic

DeFi investment platform Prodigy.Fi announced the completion of a $5 million seed round of funding, with Quantstamp and Republic leading the investment, and Arbelos Markets, RSK Capital, and Samara Alpha Management participating. The new funds are intended to support the platform's ability to buy or sell packaged cryptocurrencies such as Wrapped Ethereum (WETH) based on Berachain.

Solana restaking protocol Fragmetric completes $7 million seed round

 Solana's re-staking protocol, Fragmetric, has completed a $7 million seed round of financing. Finality Capital Partners and Hashed jointly led the investment, with Hypersphere, Presto Labs, Bitscale Capital, Halo Capital, and Flowdesk also participating. The new funds aim to enhance the security and economic growth of the Solana ecosystem by establishing a re-staking ecosystem through standardized LRT and community contributions.

Fraktion, an end-to-end RWA tokenization solution, completes €1.1 million seed round, with participation from Tezos Foundation and others

 Fraktion, an end-to-end tokenization solution for RWA, announced the completion of a €1.1 million seed round of funding. Cabrit Capital, Tezos Foundation, Vox Capital, as well as angel investors Olivier Huby, Andréa Bensaïd (Eskimoz), and Guillaume Mayot (Lukeion) participated in the investment. It is reported that Fraktion will be launched on the Tezos blockchain in mid-2023, and the new funds will be used to accelerate the development of its technology platform and expand its business in the real world asset industry.

Surry state representative introduces state’s second Bitcoin reserve bill

Missouri State Representative Ben Keathley has proposed the state's second Bitcoin Reserve Bill, which would allow the state to hold Bitcoin and accept Bitcoin as a state-level payment method.

Non-custodial Bitcoin trading platform Flashnet completes $4.5 million seed round of financing

non-custodial Bitcoin trading platform Flashnet has announced the completion of a $4.5 million seed round of financing, led by Abstract VC, with participation from UTXO Management, Soma Capital, HFØ, Chapter One, Accomplice, and others. It is reported that the new funds will be used to support the platform in building transaction functionality based on the Lightning Network and UTXO, and integrating with Bitcoin wallets.

Cryptocurrency interest rate market protocol Rho Labs completes $4 million seed round

According to official sources, Rho Labs, a cryptocurrency interest rate market protocol, has announced the completion of a $4 million seed round of funding with participation from CoinFund, Flow Traders, and others.

Rho Protocol is a native cryptocurrency interest rate market that provides users with a one-stop trading service for collateral, borrowing, and perpetual futures funding rates.

Lightchain AI announces testnet launch and completes $15 million in financing

blockchain project Lightchain AI has announced the official launch of its testnet and has completed a $15 million financing round. The project's main technological innovations include the Proof of Intelligence (PoI) consensus mechanism and the AI Virtual Machine (AIVM). The PoI consensus mechanism is achieved by rewarding nodes to solve AI computing problems, while the AIVM provides developers with a toolkit to build AI applications on the blockchain. The project is currently in the final round of presale, and the funds raised will be used for technology development, infrastructure expansion, and talent recruitment. Lightchain AI plans to launch its mainnet in 2025 and will focus on developing enterprise-level decentralized AI solutions in the future.

Berachain Ecosystem Project Henlo Announces Completion of $3 Million Seed Round Financing

According to official sources, Henlo, a Berachain ecosystem project, has announced the completion of a $3 million seed round of financing. Framework Ventures, Olympus DAO, Rubik VC, Baboon VC, Primitive Ventures, SNZ Capital, Asylum Ventures, ViaBTC Capital, Paramount Capital, and Wizards Capital are among the participants. Henlo is positioned as a universal entry point for the cryptocurrency field, aiming to simplify the process of getting started with cryptocurrencies.

HIVE acquires Bitfarms Paraguayan hydroelectric mine for $56 million

According to a report from Bitcoin.com News, cryptocurrency mining company HIVE Digital Technologies has acquired Bitfarms' 200 MW hydroelectric mining facility in Paraguay for $56 million. The mine uses water-cooled ASIC miners, and HIVE is also preparing for another 100 MW project as the company increases its investment in sustainable and efficient Bitcoin mining.