Investors need not go in search of game-changing projects as Iotexpad takes every rug-free and trusted project to its community members. Projects such as GameFi, SocialFi, Meme, AI, derivatives, or L1/L2 infrastructure are eligible to register. These are huge wins for Tezos that should help to increase awareness, adoption, and demand for their token. Staking increases the percentage of their outstanding token supply that is locked up and less likely to be traded.
This includes but is not limited to developing a strategic approach, timeline, and overall project marketing and exposure. Phala Network and Theoriq join forces to integrate secure AI agents with blockchain tech, enhancing efficiency and security in Web3. “Joining forces to revolutionize decentralized AI agents on the blockchain. Phala Network and GM Network paving the way for innovative opportunities.” Ionet and Nesa are joining forces to accelerate AI innovation at the intersection of web3 and blockchain technology. The Delegated iotex pad ido Proof-of-Stake framework gives stakeholders authority to elect a number of network nodes as block producers.
Introducing BinoAI: The First DePIN AI Agent on IoTeX, Powered by the ELIZA Framework
It is reported that Piggycell said that its C2E platform plans to conduct closed testing (CBT) in the near future and will be launched this year. Lithuanian blockchain fintech company FreeBnk announced the completion of a $3 million financing round, led by Founderheads, with participation from ChaiTech Ventures, LVT Capital, Lavender Capital, etc. The new financing will be used to enhance its user interface and application experience, especially for new users. The company focuses on tokenized RWA and encrypted financial services, and its technology is based on its multi-party computing (MPC) security to ensure the protection of users’ digital assets.
Funding Rounds and IEO
Pi Squared’s first product is a “universal settlement layer” that can settle blockchain transactions in any programming language. Rosu said the company is also developing “universal zero-knowledge circuits,” which will enable “trustless remote computing, AI, and interoperable smart contracts for any blockchain or dApp” through zero-knowledge technology. Blockchain oracle project RedStone announced that it has raised $15 million in Series A funding, led by Arrington Capital. Also participating in this round of financing are SevenX, IOSG Ventures, Spartan Capital, White Star Capital, Kraken Ventures, Amber Group, Protagonist, gumi Cryptos, Christian Angermayer’s Samara Asset Group and HTX Ventures. RedStone signed an agreement with Ether.fi, the largest re-staking service on EigenLayer, in April this year, and obtained $500 million in funding to help introduce its data oracle to the ecosystem.
Nailwal said Sentient will be built on Polygon and may create its own chain through the Polygon Chain Development Kit (CDK). The company did not disclose the specific amount of this round of financing, but it is said to have reached “seven figures”. Each U2U subnet runs independently of the main network, which means that (1) even if the U2U main network is down, the subnet can continue to run without interruption. It is reported that U2U Network also announced a $1 million donation to promote the development of the DePIN industry.
- As you can see on Coinmarketcap when checking to historical data for Iotx, you notice an increase in marketcap from $ 10 million to $ 17 million, starting February 1st.
- According to reports, the project is committed to solving the problem of fraud on the Web3 chain by measuring the credibility and reputation on the chain.
- The Ethos protocol provides a set of interrelated mechanisms, including review, guarantee, slashing, proof, credibility scoring, governance, etc.
- Six months ago, the IoTeX mainnet departed from the restrictions of living on Ethereum, spreading its wings as a native blockchain network, consisting of a series of interconnected chains and sub-chains.
- Together the two companies will ensure their blockchain and smart contracts are completely secure.
- Phala Network and Theoriq join forces to integrate secure AI agents with blockchain tech, enhancing efficiency and security in Web3.
Their mission is to build a decentralized trust fabric for a new era of collaboration and data exchange among devices, applications and people. Backed by a global team of research scientists and top engineers, IoTeX combines blockchain, trusted hardware and edge computing to realize the full potential of IoT. Startup Lombard has raised $16 million in funding and plans to work with Bitcoin staking protocol Babylon to launch a Bitcoin-based re-staking function. Lombard’s financing round was led by Polychain Capital, with participants including OKX Ventures, BabylonChain, Inc., dao5, Franklin Templeton, Foresight Ventures, Mirana Ventures, Mantle EcoFund and Nomad Capital. Based on Babylon’s cross-network security technology, Lombard will launch the “Liquid Bitcoin” token (LBTC), a tradable deposit certificate that allows users to maintain liquidity while staking Bitcoin to secure other networks.
For example, a device loans out its computation/ storage/ connectivity capability in exchange for tokens or a device (like a RFID on the bike) can provide certain services in exchange for tokens. Today, we’re thrilled to announce the launch of DePINscan 1.0, in partnership with blue-chip DePIN projects Helium, Akash, Streamr, Theta, Pocket, Drife, WiFi Map, and DIMO. This iteration transforms DePINscan into a comprehensive command center for navigating the burgeoning DePIN landscape. We are excited to welcome the LaunchZone Pad as an openly accessible tool for new projects to begin their journey on the IoTeX Network. Recently, Iotexpad had improved its tier system to ensure a better entry for users giving a fairer chance for everyone to participate with a 6 tier system.
- Ionet and Nesa are joining forces to accelerate AI innovation at the intersection of web3 and blockchain technology.
- IoTeX is bringing autonomous device coordination to the masses by “connecting the physical world, block by block”.
- This includes but is not limited to developing a strategic approach, timeline, and overall project marketing and exposure.
- Round 1 is the round where all whitelisted users participate according to their tier with the guaranteed allocation.
- MonkeyBit is committed to providing innovative interactive experiences for GameFi players and creating a new on-chain social entertainment ecosystem.
- These are huge wins for Tezos that should help to increase awareness, adoption, and demand for their token.
- Taking the rightprojects to the crypto enthusiastic community has always been a tedious task, and Iotexpad givesprojects IoTeX the power to distribute tokens easily and raise funds.
Open Campus will use its network to record learning outcomes, expand educational financial solutions, and develop dapps. In addition, Open Campus will also support educational content projects of the Arbitrum Ambassador Program and participate in the Arbitrum hackathon competition to provide incentives for developers who develop EDU Chain dapps. Piggycell, an IoT-based RWA project, announced the completion of a new round of financing, with Internet Computer (ICP) participating in the investment. Piggycell is a decentralized platform based on the Korean shared power bank service Piggycell.
Blockchain data management startup SendBlocks announced that it has received $8.2 million in seed round financing, led by Castle Island Ventures. Other investors include Pitango, Illuminate Financial, Laser Digital (Nomura) and Starkware. SendBlocks simplifies blockchain data access through its customizable platform, enabling enterprises, ecosystems and applications to define and obtain the data they need. SendBlocks’ first product is a “universal settlement layer” that supports settlement of blockchain transactions in any programming language. The company is also developing a “universal zero-knowledge circuit” to enable “trustless remote computing” and cross-blockchain smart contracts.
New IoTeX Launchpad for IDOs via LaunchZone Partnership
Onaji has built a platform for training and deploying AI models that can autonomously participate in DeFi on Ethereum and Layer 2. Blockfolio is the leading network for mobile cryptocurrency portfolio tracking and management. Millions of people trust Blockfolio to stay connected to the pulse of the industry through market data, news, and direct updates from leaders of top crypto projects. Whitelisted users will be the only candidates able to participate in the IDO in the first round which runs for 2 hours with a hardcap of $200 USDT per person. If this round meets the hardcap and all $100,000 USDT allocation is filled then we have successfully concluded the IDO for Iotexpad and we congratulate all that have participated.
Secure Hardware
These representatives are then responsible for generating and adding blocks to the blockchain. This is a continuous process that incentivizes representatives to continue to produce blocks. The blockchain for IoT must be designed to minimize resources such as computations, storage and energy. This works hand-in-hand with the IoTeX decentralized identity system, which works a lot like Google Authenticator, Pang says.
Other participants include HashKey Capital, Finality Capital, Hash3, STIX, MH Ventures, Sreeram Kannan of EigenLayer, Sandeep Nailwal of Polygon, and Kenny Li of Manta. OpenLedger focuses on building permissionless and data-oriented infrastructure for artificial intelligence development. The company plans to use this financing to expand the team and strengthen the data pipeline infrastructure, and is expected to launch the mainnet next quarter. XOOB announced the completion of $1.6 million in financing, with participation from Chromia, Mines of Dalarnia, Alice, etc., including $200,000 in Pre-seed round financing and $1.4 million in incubation financing in the form of IP.
Equipped with Trusted Execution Environment (TEE), IoTeX secure hardware is 100% tamper-proof and guarantees integrity and confidentiality of all data/code. This expands the IoTeX footprint of trust to the IoT end/edge and enables powerful privacy features. Onaji, a machine learning platform for smart contract blockchain, announced on X that it has completed a $2.5 million Pre-Seed round of financing, led by Stratos, with participation from Maven11, Uniswap Labs Ventures, and IOSG Ventures.