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PayPal heats up Solana Summer

Edition #109 - 10 JUN 2024

At Consensus 2024, PayPal announced that PayPal USD (PYUSD) is now available on the Solana blockchain, making PayPal's stablecoin faster and cheaper to use. The availability of PYUSD on Solana provides users1 with the choice of multiple blockchains allowing for increased flexibility and control.

gaming developments

  • ​​​​Web3 AI and gaming firm PlayAI raised $4.3M in a Seed funding round from P2 Ventures, Jump Crypto, Alpha Wave Global, Zentry, Tykhe Block Ventures, MH Ventures, Jeffrey Zirlin, Sandeep Nailwal, Gabby Dizon.

  • Integrate Web3 into any game in minutes.

metaverses & AI


  • Great piece by Binance research team - Breakthrough DeFi Markets.

  • ​​Web3 loan and bond marketplace Alphaledger raised $9.5M in a Series A funding round led by EJF Capital.

  • Decentralized finance platform for Rune, BRC20, and TAP tokens UniTap closed Private funding round led by X ventures, with participation from Unidentified DAO, Meow Capital, Primony, Altier Capital. Amount raised is not disclosed.

  • Decentralized perpetual exchange HMX closed Strategic funding round from 99 Capital, Rise Capital, Finlink Capital. Amount raised is not disclosed.

funding rounds

  • ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Bitcoin staking protocol Babylon raised $70M in a funding round led by Paradigm, with participation from Polychain Capital, Bullish, Hashkey Capital, Hack VC, Galaxy Digital, IOSG Ventures, Breyer Capital, Amber Group, Mantle Network, HTX Ventures (ex Huobi Ventures), ViaBTC Capital, LD Capital, ImToken Ventures, P2P Validator, Allnodes, Everstake, InfStones, Luganodes, Stakin, RockX, Stakewithus, 01node, Bware Labs, Ryan Fang, Smokey The Bera, Ajit Tripathi, Waikit Lau, domo.​​

  • Smart contract platform for digital assets and dApps Fantom (Sonic) raised $10M in a Strategic funding round led by Hashed, with participation from UOB Venture Management, Signum Capital, Aave Companies, Sam Kazemian, Stani Kulechov, Robert Leshner, Michael Egorov, Tarun Chitra, Fernando Martinelli.

  • ​​EVM-compatible Layer 2 blockchain focused on RWA Plume Network raised $10M in a Seed funding round led by HAUN Ventures, with participation from Galaxy Digital, Superscrypt, Selini Capital, Reciprocal Ventures, A Capital, SV Angel, Portal Ventures, Calvin Liu, Andrew Kang, Eric Chen, Mirza Uddin, HDF humble defi farmer.

  • ​​ZK proof generation layer Cysic raised $12M in a Series A funding round led by Hashkey Capital, OKX Ventures, with participation from ABCDE Capital, Bit Digital, CoinSwitch, IDG Blockchain, Matrix Partners, Polychain Capital, SNZ Holding, Web3com Ventures.


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