Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Blockchain

POKT Network expands access to blockchain data with launch of three new gateways

Published

on

pokt-network-expands-access-to-blockchain-data-with-launch-of-three-new-gateways

POKT Network has expanded its decentralized infrastructure by launching three new Gateways in partnership with Developer DAO, Porters (backed by Raid Guild), and Chainstack.

The latest development aims to offer developers enhanced access to over 60 blockchains, reinforcing POKT Network’s strategy to extend API accessibility across the web through its Universal RPC Base Layer.

According to a press release shared with Crypto.news, the addition of these Gateways represents a pivotal development for POKT Network and its ecosystem to offer dependable and cost-efficient data access solutions, aiding developers and enterprises in enhancing application quality and user experience.

Dermot O’Riordan, Director at the POKT Network Foundation, stated that these Gateways are akin to Layer 2 solutions in terms of improving scalability, enabling builders to connect directly to a scalable and reliable decentralized infrastructure.

Advertisement
Stake.com

“By accommodating access and demand on a scale previously unseen, we’re not just expanding the capabilities of our network, we’re laying the groundwork for a future where access to any large open data source is unfettered, secure, and universally available,” Riordan added.

Gateways allow a wide range of businesses to offer access to POKT Network’s infrastructure without the need for direct maintenance, promoting a decentralized business model. The structure aims to lower market entry times, reduce operational costs, and shift focus towards customer service enhancements.

Since its inception, POKT Network has rapidly expanded its Gateway offerings, growing from a single Gateway to six in just seven months, reflecting a strategic push to improve network capacity.

Daniel Olshansky, Head of Protocol at POKT Network, explained that the strategy allows for a division of responsibilities: protocol participants focus on infrastructure maintenance, Gateways on performance, and users gain access to reliable and affordable services.

The collaboration with Developer DAO, Porters, and Chainstack is notable for its potential to drive network growth and innovation. Developer DAO, for instance, aims to reinvest RPC revenues into public goods, highlighting a model where technological advancements serve the common good. Porters and Chainstack, on the other hand, bring technical expertise and significant volume potential to the partnership.

Advertisement
Stake.com

Looking forward, POKT Network is preparing for the Shannon Upgrade in the summer of 2024. The upgrade aims to simplify integration for RPC providers and projects, easing access to data across different blockchains and AI. The upgrade is expected to support a broader range of use cases and encourage collaboration within the decentralized data infrastructure space.

Source: crypto.news

The post POKT Network expands access to blockchain data with launch of three new gateways appeared first on HIPTHER Alerts.

Continue Reading

Blockchain

New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund

Published

on

new-seed-stage-vc-fund-from-finland-secures-e6-million-in-initial-close-for-e30-million-blockchain-fund

Helsinki-based Equilibrium Ventures (EQV), a new seed-stage venture capital fund focused on the crypto sector, has successfully closed the first round of its €30 million fund, raising €6 million from limited partners (LPs). This milestone highlights growing interest in blockchain startups and a promising future for the European crypto ecosystem.

The fund is led by an experienced team of partners: Mika Honkasalo, Henrik Sundvik (formerly of Bain & Company), and Christopher Ahn (ex-Molten Ventures investor). Equilibrium Ventures aims to attract and support founders with deep technical expertise in blockchain technologies, covering areas such as zero-knowledge proofs and smart contracts, essential for developing advanced blockchain solutions.

Equilibrium Ventures has attracted a diverse group of backers, including strategic investors, family offices, and notable LPs like Sebastien Borget, co-founder of the metaverse platform The Sandbox. This support underscores the fund’s credibility and signals growing confidence in crypto investments despite recent market challenges.

Dedicated to crypto infrastructure, Equilibrium Ventures emphasizes rigorous technical due diligence and value addition for pre-seed and seed engineering firms. With a network of about 70 blockchain engineers, mainly based in Europe, the fund is well-positioned to help startups develop robust blockchain technologies.

Advertisement
Stake.com

The renewed interest in venture capital investment in blockchain, bolstered by evolving regulatory landscapes in the US and Europe, is expected to increase investor confidence in the crypto sector. Equilibrium Ventures, with its technical expertise and strategic support, is poised to become a significant player in Europe’s crypto venture scene.

Looking ahead, Equilibrium Ventures aims for a second close by the end of this summer, targeting 80% of the total fund. This progress indicates strong momentum and the potential for significant contributions to the European blockchain ecosystem.

Source: arcticstartup.com

The post New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund appeared first on HIPTHER Alerts.

Advertisement
Stake.com
Continue Reading

Blockchain

Riot Platforms Acquires 14% Stake in Bitfarms Ltd.

Published

on

riot-platforms-acquires-14%-stake-in-bitfarms-ltd.

Riot Platforms, Inc. has announced its acquisition of a 14% stake in Bitfarms Ltd., as detailed in a recent press release by Riot Platforms. This move aligns with Riot’s strategy to influence corporate governance within Bitfarms.

Acquisition Details

On June 13, 2024, Riot Platforms purchased 1,432,063 common shares of Bitfarms Ltd., representing about 0.35% of Bitfarms’ issued and outstanding common shares. The shares were bought on the Nasdaq Stock Market and other open markets at an average price of approximately $2.70 per share, totaling $3,870,293.46.

Before this acquisition, Riot held 56,194,973 common shares of Bitfarms, equating to 13.65% ownership. With the new shares, Riot now holds 57,627,036 common shares, resulting in a 14% stake in Bitfarms.

Advertisement
Stake.com

Strategic Intentions

Riot Platforms intends to call a special meeting of Bitfarms’ shareholders to nominate several independent directors to the board, citing concerns over Bitfarms’ corporate governance. Riot seeks to influence Bitfarms’ strategic direction and enhance its governance standards.

Riot is continuously reviewing its investment in Bitfarms and may adjust its position based on factors such as market conditions and the company’s financial status. Potential actions include increasing or decreasing its stake, entering into hedging transactions, or proposing additional strategic measures.

Forward-Looking Statements

The press release includes forward-looking statements subject to risks and uncertainties, reflecting Riot’s current expectations and assumptions. Riot cautions investors to consider these risks before making investment decisions.

Advertisement
Stake.com

Riot’s vision is to become the leading Bitcoin-driven infrastructure platform, focusing on a vertically integrated strategy with Bitcoin mining operations in Texas and electrical switchgear engineering in Colorado.

Source: blockchain.news

The post Riot Platforms Acquires 14% Stake in Bitfarms Ltd. appeared first on HIPTHER Alerts.

Continue Reading

Blockchain

Manta Foundation Unveils $50M EcoFund to Foster Blockchain Innovation

Published

on

manta-foundation-unveils-$50m-ecofund-to-foster-blockchain-innovation

The Manta Foundation has launched its $50 million EcoFund to build a robust ecosystem for leading blockchain projects, as per Manta Network. This initiative demonstrates the foundation’s commitment to funding opportunities and developer support for innovative blockchain ventures.

Funding and Support Opportunities
Starting June 15th, the one-year EcoFund will offer significant financial support through its Ecosystem Grant Program, which provides early-stage projects with grants of up to $50,000. This initial funding is crucial for bringing innovative ideas to life.

Additionally, the EcoFund dedicates $35 million for direct investments in promising projects on the Manta Network. These strategic investments aim to foster high-growth ventures that align with Manta Network’s long-term objectives, promoting a collaborative and mutually beneficial environment.

Diverse Project Focus
The Manta Foundation supports a broad range of projects across sectors such as DeFi, Gaming, NFTs, and more. These initiatives are chosen for their potential to drive consumer adoption and significantly enhance the Manta Network ecosystem.

Advertisement
Stake.com

Applications for the EcoFund are accepted on a rolling basis, ensuring ongoing funding and support opportunities. The foundation prioritizes projects with robust business models and scalability, aiming to ensure the ecosystem’s financial health and sustainability.

Specialized Funding Categories

In addition to general grants, the EcoFund targets specific high-growth areas:

– AI/DePIN: Focused on using AI and Decentralized Physical Infrastructure Networks for sustainable solutions.
– Zero-Knowledge: Investments in zero-knowledge technology to boost privacy and security in the blockchain space.
– Memecoins: The Moon Mission Grant supports the development and growth of meme projects on Manta Pacific, fostering a vibrant memecoin culture.

Events and Hackathons
To further enrich the ecosystem, the Manta Foundation has allocated $5 million for online and offline events and hackathons. These events aim to attract new developers and users, fostering a culture of innovation and collaboration within the Manta Network community.

Advertisement
Stake.com

Source: blockchain.news

The post Manta Foundation Unveils $50M EcoFund to Foster Blockchain Innovation appeared first on HIPTHER Alerts.

Continue Reading
Advertisement
Stake.com
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE