Sophon [SOPH] Overview
Sophon $SOPH is a community-driven and entertainment-focused ecosystem built atop a modular rollup stack leveraging zkSync's Hyperchain technology. It is being advised by Merit Circle to become the major gaming and entertainment-focused chain within the zkSync ecosystem.
Sophon Node sale on Impossible Finance offers 200K nodes with 40 different tiers. More than 120K nodes have been already sold, with over $60M raised. By running a node, users will be eligible to earn a share of up to 20% of $SOPH emissions over 3 years. Node operators may also receive airdrops from ecosystem participants. Network launch and node activation are expected in Q3 2024.
Top 7 Crypto Fundraising Rounds of the Week
Let’s take a look at the top 7 biggest private crypto fundraising rounds completed in the previous week, backed by venture investors including BlackRock, Circle, Electric Capital, a16z Crypto, Amber, GBV and others.
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KIP Protocol [KIP] has announced a partnership with Aethir [ATH]
KIP Protocol $KIP teams up with Aethir $ATH, a decentralised GPU cloud infrastructure, positioned as an enterprise-grade AI-focused GPU-as-a-service provider, tailored for AI and gaming. Through this partnership, Aethir will provide KIP’s ecosystems of AI products access to enterprise-grade, decentralized GPU power.
KIP Protocol is an open-source Web3 framework designed to facilitate the creation, management and monetization of decentralized knowledge assets for AI applications. It is backed by Animoca Brands, Morningstar Ventures, SkyVision Capital, Spicy Capital, Purechain Capital and others.
🔗 kip.pro/blog-posts/aethir-partnership
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Kiosk has raised $10M in a funding round led by Electric Capital
Kiosk has secured $10M in a funding round led by Electric Capital. Other investors in the round include a16z crypto, Variant and Union Square Ventures. Kiosk is a new Farcaster client where social meets onchain commerce. Users can share an image in Kiosk and make it mintable as an NFT with one click in near future. Moreover, users can get early access to Kiosk app by subscribing to the Kiosk's mirror and minting NFT.
🔗 kiosk.mirror.xyz/iyIIjU14A2c50rK00-O8Ic0TR6kV8bsPxd9flWAsb_0
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Mode Network will launch token MODE along with Airdrop distribution on May 7th
Mode Network has announced the launch of $MODE token on May 7th. 550M $MODE (5.5% of total supply) will be distributed to users who participated in Airdrop 1. User points from Airdrop 1 will be converted to $MODE tokens. The top 2K wallets by points will receive 50% tokens at launch and 50% only after 90 days. Moreover, Mode has announced Airdrop 2, which will run from May 5th till September 6th with 500M $MODE tokens as rewards.
Users will be available to claim their tokens on 7th May, at 11.00 AM UTC here 👉 claim.mode.network
Mode Network is the modular DeFi Layer 2 (around $480M in TVL), building an on-chain cooperative alongside Optimism $OP. Previously, it has been approved for a grant of 2M $OP tokens ($5.7M at current rate). Moreover, Mode has announced Airdrop 2, which will run from May 5th till September 6th with 500M $MODE tokens as rewards. Initial circulating supply will be 1.3B $MODE.
🔗 mode.mirror.xyz/2Aom53lrot8KQ143u8lCfyYvTOkR7LJcIChoyP1Q4wI
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FriendTech [FRIEND] is trading now alongside opened Airdrop claims
Native token for Web3 social platform FriendTech $FRIEND has been initially listed on BunnySwap DEX on Base L2. $FRIEND airdrop occurred simultaneously with the launch of FriendTech v2. It offers users new features, including Clubs, which are community spaces owned and operated by key holders. Users are required to join one Club in addition to following at least 10 users on FriendTech to claim their airdropped tokens.
FriendTech is a SocialFi protocol backed by Paradigm that allows users to link their X (Twitter) accounts and facilitates purchasing or selling influencer profile tokens with $ETH on Base L2. Current $FRIEND price is $2.74. Current market cap is $43M.
🔗 theblock.co/post/292350/friendtech-token-goes-live-airdrop
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Shadow War has raised $5M in a Series A funding round led by Momentum 6
Shadow War has secured $5M in a Series A funding round led by Momentum 6. Other investors in the round include iAngels, Cointelligence Fund, Xborg, Andromeda VC, Cogitent Ventures, and Cluster Capital. Shadow War is a third-person 5v5 action title built by Patriots Division that blends elements of futurism, fantasy, and competition and uses blockchain technology.
🔗 gam3s.gg/news/shadow-war-raises-5m-for-futuristic-5v5-action-gaming
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Mitosis has raised $7M in a funding round led by Amber Group and Foresight Ventures
EVM-compatible Cosmos-based L1 Mitosis has secured $7M in a funding round led by Amber Group and Foresight Ventures. Other investors in the round include GSR, Big Brain Holdings, Folius Ventures, Digital Asset Capital Management, Cogitent Ventures, CitizenX Crypto Ventures, Everstake Capital, Pivot and No Limit Holdings.
Mitosis has launched Expedition campaign to lead liquid restaking token’s (LRT) multi-chain expansion. The first Epoch opened on April 25th and reached the TVL cap within an hour. Epoch 2 has started today, on May 2nd, with an increased cap.
Kasu Finance has announced KSU Launch Pool in collaboration with Drip
Kasu Finance $KSU is launching pre-TGE campaign $KSU launch pool in partnership with Drip. Users can now stake $WETH or $USDC into a pool and earn points converted into the $KSU token at TGE. The pools will run for 6 weeks. Kasu is offering up to 1% of total supply for the campaign, that will be unlocked at TGE.
BAYC and LobsterDAO NFT holders will get an additional stake boost.
Particle Network [PARTI] has launched Testnet of its Modular L1 for Chain Abstraction
Particle Network $PARTI has rolled out Testnet Phase 1 of its modular L1 for chain abstraction. Testnet features a high-speed EVM execution environment interconnecting multiple chains. Along with testnet launch, Particle introduced Particle Pioneer, a community platform for rewarding Testnet participants. Users can be rewarded with PARTI points for using the testnet within Particle Pioneer.
PARTI points entitle users to participate in upcoming airdrops, earn bonuses on The People's Launchpad, and be whitelisted for various ecosystems.
Nyan Heroes [NYAN] has launched Season 2 of Airdrop Campaign
Nyan Heroes has rolled out the second season of the Airdrop Campaign. Users can earn points for completing in-game missions and X (Twitter) tasks. The more points, the more $NYAN tokens a user will get. There will be 3 seasons of airdrop mission in total. Previously, Nyan Heroes launched early access of its game on Epic Games store.
Nyan Heroes is a play-to-earn NFT shooter game built on the Solana blockchain $SOL. It raised $13M in three funding rounds, backed by Mechanism Capital, DeFiance Capital, Merit Circle, Sino Global Capital and others.
🔗 twitter.com/nyanheroes/status/1785684162348999025
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Imaginary Ones [BUBBLE] has closed a new funding round led by Cypher Capital
Imaginary Ones $BUBBLE has announced the closure of the funding round led by Cypher Capital. Investors in the round include Animoca Brands, Polygon Ventures, ED3N Ventures and MH Ventures. The raised amount has not been disclosed yet. In 2023, Imaginary Ones launched Bubble Rangers, a mobile game with in-game NFTs, that has already passed 2M downloads.
Imaginary Ones is a vibrant NFT collection featuring 8,888 animated 3D characters on Ethereum network. Previously, it has closed a funding round backed by Animoca Brands, NxGen, Andromeda Capital, Illuminati Capital and others.
🔗 twitter.com/Imaginary_Ones/status/1763225147094307065
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Plume Network has announced a partnership with RWA [RWA]
Plume Network has teamed up with RWA $RWA, a tokenization infrastructure provider. This partnership allows RWA to organize and accomplish industry-wide strategies that help enhance the UX and drive adoption in its community.
Plume is the first modular L2 blockchain dedicated for all real world assets (RWAs) that integrates asset tokenization and compliance providers directly into the chain. Plume enables RWA composability through its thriving DeFi applications and provides access to high-quality buyers to increase liquidity for all tokenized RWAs.
🔗 medium.com/@RWA.Inc/rwa-inc-partners-with-the-plume-network-to-elevate-tokenization-sector-059d638ec164
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Top 7 Airdrops Anticipating in Coming Weeks
Some notable crypto projects have announced an initial airdrop of their tokens in the coming weeks, with the list including FriendTech, ZeroLend, EigenLayer, Aethir, BounceBit, Blast and Avail.
Dive deeper into crypto airdrops with our analytical posts, highlighting projects to have a potential airdrop (all mentioned projects were previously considered).
Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6 | Part 7 | Part 8
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Binance Labs invests in Movement Labs to bring Facebook's Move to Ethereum
Movement Labs has announced an investment from Binance Labs in addition to $38M raised in its Series A round. Movement Labs is building a new Ethereum Layer 2 network based on Facebook's Move programming paradigm using EigenDA.
Movement Labs will support Sui Move, Aptos Move, and an embedded EVM interpreter MEVM - empowering both Sui, Aptos, and EVM users to use the L2. Previously, Movement Labs secured $3.4M in a pre-seed funding round backed by Borderless Capital, Blizzard Fund, Colony Lab and Varys Capital.
🔗 binance.com/en/blog/ecosystem/binance-labs-invests-in-movement-labs-to-bring-smart-contract-security-and-parallelization-to-ethereum-116269849788036189
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Top Upcoming Events of the Next Week
We compiled a list of top important upcoming events of the next week (May 6th - May 12th) among blockchain projects, including ZeroLend $ZERO, XSwap $XSWAP, Mode Network $MODE, MixMob $MXM, EigenLayer $EIGEN, bitSmiley, Aethir $ATH, and BounceBit $BB. Stay tuned!
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Ultiverse [ULTI] Overview
Ultiverse $ULTI is an AI-powered one-stop platform for Web3 gaming production and publishing, with an VR-compatible virtual world. 800M $ULTI (8% of total supply) will distributed as an airdrop to ecosystem assets holders, like Electric Ships, MetaGF, soul points, and Gold Chips.
Ultiverse has just conducted of Gold Chip NFT collection. Total Gold Chip supply is 8,000 NFTs, with a mint price of 0.25 $ETH. After the $ULTI TGE, holders of Gold Chip NFTs can burn them to receive a monthly token airdrop, totalling 50,000 $ULTI per piece.
Polyhedra Network [ZK] has unveiled its native open-source ZK protocol - Expander
Polyhedra $ZK introduces Expander, an open-source GKR prover designed for scaling large-scale parallel computing. This innovation aims to enable secure, efficient, and cost-effective data processing, bridging AI with blockchain technology.
Polyhedra builds the next-generation infrastructure for Web3 interoperability, scalability, and privacy through advanced ZKP technology. It raised $45M in several funding rounds backed by Polychain, Binance Labs, Animoca Brands, Hashkey Capital and others. Current $ZK price is $1.21. Current market cap is $110M. Current FDV is $1.21B.
🔗 polyhedra.medium.com/introducing-expander-the-fastest-gkr-proof-system-to-date-bdd07d05c23e
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ZeroLend will conduct initial listing OKX, ByBit, Kucoin and Bitget on May 6th
ZeroLend $ZERO will be initially listed on OKX, ByBit, Kucoin and Bitget on May 6th, at 8:00 AM UTC. Previously, ZeroLend announced ZERO Airdrop. Around 15-17% of $ZERO total supply will go to community as an airdrop. 5% will be distributed through Zero Gravity campaign, while 10-12% – through earlyZERO point program (1:1 with $ZERO).
Join Zero Gravity Voyage Airdrop campaign with our referral link
EigenLayer revised Airdrop terms allocating 100 extra EIGEN to more than 280K wallets
Eigen Foundation will airdrop additional 100 $EIGEN to more than 280K wallets. Season 1 claimants will receive at least 110 EIGEN, while Season 2 will get 100 EIGEN or more after revised. Initially, as $EIGEN claims begin on May 10th, the tokens will remain non-transferable until the mainnet launch, which is targeted by September 30th.
$EIGEN token will have a total supply of 1.67B tokens at launch. 45% of tokens are allocated to community, subdivided into stakedrops (15%), community initiatives (15%) and ecosystem development (15%). Investors and the team remain in full lock-up for one year after $EIGEN is transferable for the community.
Top Cross-chain Bridges by Volume in last 30 days
The wide set of reliable cross-chain bridges is an essential requirement to exchange assets, data and value between multiple blockchain networks for crypto users right now. Let’s compare the top cross-chain bridges by volume in last 30 days, according to Defillama.com.
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XION partners with TOKI to bring Chain Abstraction solution to BNB Chain ecosystem
XION and TOKI are integrating to bring Chain Abstraction solution to BNB Chain ecosystem. By combining XION's Generalized Abstraction with TOKI's IBC capabilities, this collaboration will power Chain Abstraction through the first connection between BNB Chain and Cosmos. Meanwhile, TOKI's multi-prover security model and ibc-solidity development will ensure a secure and efficient cross-chain environment.
XION, built by Burnt, is an L1 chain purpose-built for consumer adoption. Burnt has raised $36M in three funding rounds (last at a $500M valuation) backed by Multicoin Capital, Animoca Brands, Morningstar Ventures, Sfermion, HashKey Capital, Arrington Capital, Circle Ventures, GoldenTree and others.
🔗 xion.burnt.com/blog/xion-and-toki-bringing-chain-abstraction-to-bnb-chain-ecosystem
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Zeus Network [ZEUS] has introduced the Zeus Program Library
Zeus Network $ZEUS has presented the Zeus Program Library (ZPL), a set of programs that revolutionize engaging with Bitcoin assets built on Solana Virtual Machine. Empowered by ZPL, assets from Bitcoin can transition into a ZPL-Asset, unlocking access to the vibrant Solana ecosystem.
ZPL-Assets facilitate secure and verifiable asset transfers between diverse blockchains, opening up new avenues for decentralized finance and asset management. ZPL is set to be applied to $BTC, Runes, and Ordinals in Q3 2024.
Top Blockchains by Number of Transactions in last 7 days
Let’s compare the top blockchains by number of transactions registered on-chain and average daily active addresses in last 7 days, according to Artemis.xyz, in order to evaluate their current adoption and performance.
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Baxus has raised $5M in a Seed funding round led by Multicoin Capital
Baxus, a Web3 marketplace for wine and spirits, has raised $5M in a seed funding round led by Multicoin Capital. Other investors in the round include Solana Ventures, FJ Labs, and Narwhal Ventures and angel investors such as Mert Mumtaz, Regan Bozman, and Vinny Lingham. Baxus is an alcohol beverage marketplace built on Solana, that allows buyers to transact with credit card, ACH, direct wire, or crypto including $USDC.
🔗 fortune.com/crypto/2024/05/01/multicoin-capital-baxus-web3-wine-spirits-marketplace
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AltLayer introduces reALT token in second phase of staking program
AltLayer has rolled out the second phase of its staking program, introducing the restaked $ALT token - reALT. Restaked ALT is an auto-compounding ERC-20 token issued to users staking ALT in AltLayer’s main staking pool. The project also plans to introduce restaked rollups - Layer 2 projects that leverage EigenLayer’s restaking mechanism to bootstrap network security.
AltLayer is an open and decentralized protocol for developers to launch application-tailored rollups. Previously, it has raised $21.6M in three funding rounds backed by Binance Labs, Polychain Capital, Jump Crypto, Breyer Capital and others. Current $ALT price is $0.34. Fully diluted market cap is $3.4B.
🔗 theblock.co/post/292110/altlayer-restaked-alt-token-realt
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LifeForm [LFT] will conduct a Public sale on Bybit Launchpad on May 15th
LifeForm $LFT has announced its token sale on Bybit Launchpad. Users will be able to stake their USDT and MNT tokens into separate pools to receive $LFT over 5 days, starting May 10th. Token sale hardcap is $300K (10M $LFT). Token sale price is $0.03, at a $30M valuation.
Lifeform is a provider of decentralized digital identity solutions to establish interoperability between the digital and physical realms. Previously, it has raised $5M in three funding rounds (last at a $300M valuation) backed by Binance Labs, GeekCartel, KuCoin Labs, IDG Capital and others.
🔗 announcements.bybit.com/en/article/lifeform-token-lft-on-bybit-launchpad-3-0-now-live-bltd8fe3a7a83752bfa
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LayerZero has completed Initial Snapshot for Potential Airdrop on May 1st
LayerZero $ZRO has finalized the first snapshot related to a potential airdrop distribution to community members. The snapshot determined eligibility based on transactions up to 11:59:59 PM UTC, on May 1st.
Previously, LayerZero Labs confirmed the distribution of $ZRO token within the first half of 2024. Other details about airdrop, TGE and token distribution should be announced soon.
Agora has raised $5M in a Seed funding round led by Haun Ventures
Cross-chain governance platform Agora has secured $5M in seed funding led by Haun Ventures. Other investors in the round include Seed Club, Coinbase Ventures and angels such as Sina Habibian, Balaji Srinivasan, Credibly Neutral, Packy McCormick, Tim Beiko and Dan Romero.
Agora provides an end-to-end governance protocol for DAO, including tools such as gas voting and proposing, security councils, snapshot integration, etc. Optimism, Nouns, ENS and Uniswap already use the platform.
🔗 theblock.co/post/291952/haun-ventures-leads-5-million-seed-round-in-cross-chain-governance-platform-agora
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Securitize has raised $47M in a Strategic funding round led by BlackRock
Securitize has secured $47M in a strategic funding round led by BlackRock. Other investors in the round include Circle, ParaFi Capital, Aptos Labs, Paxos and Hamilton Lane. Securitize is a leader in tokenizing real-world assets driving the compliant digitization of financial assets through next-generation blockchain technology. Previously, it raised $74.75M in four funding rounds backed by Coinbase Ventures, Kenetic Capital, Ripple, Ava Labs and others.
🔗 twitter.com/Securitize/status/1785649731508527157
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