Feb. 1: Luganodes, provider of an institutional-grade staking service, is “bringing its muscle” to Stacks, a Bitcoin layer-2 network, according to the team: “This means institutions can now easily earn native BTC rewards while supporting the network and enjoying faster, cheaper transactions with complete Bitcoin security. Luganodes will also be a Signer on the upcoming Nakamoto upgrade, solidifying its commitment to the Stacks ecosystem.” According to a blog post, Luganodes “ranks among the top validators on Polygon, Polkadot, Sui and Tron.”
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Feb. 1: Cube.Exchange, a soon-to-launch digital asset trading platform, has raised $12 million as part of a Series A fundraise, according to the team: “Investors in the round, led by 6th Man Ventures, include Asymmetric, ParaFi Digital, Foundation Capital, Susquehanna Private Equity Investments, LLLP, GSR Markets, Everstake Capital, Big Brain Holdings, Third Kind Venture Capital, Arche Fund, WW Ventures and prominent angels. Proceeds will be used to expand engineering, customer service, operations, legal and compliance, business development; and to obtain licenses.” This raise came as a result of inbound interest, according to the company, and comes on top of a $9 million seed round announced in October.
Feb. 1: Sanctor Capital raised $10 million for its early stage Web3 investment fund, according to the team: “It is also announcing a partnership with Press Start to launch a pre-accelerator program called The Multiplayer Fellowship. Together, Sanctor and Press Start aim to fund 100 teams over the next 18 months. Half of the graduates of Press Start’s previous fellowship programs have gone on to raise or join top accelerators such as Alliance DAO, a16z Crypto Startup School & SPEEDRUN, Binance Labs and Y Combinator.”
Feb. 1: Upshot unveiled Allora, a new “trustless, self-improving decentralized AI network,” according to the team. “Allora is designed to empower applications with smarter, more secure AI through a self-improving network of machine learning models. Upshot is backed by industry investors including Polychain, Framework, Blockchain Capital, and CoinFund.”
Feb. 1: Zeitgeist, a prediction market dApp, launched its DLMSR (Dynamic Logarithmic Market Scoring Rule) based automated market maker (AMM), according to the team, “marking a significant advancement in the blockchain prediction market with a dynamic liquidity model previously unseen in the industry. The DLMSR model represents a first-of-its-kind application in blockchain technology, enhancing the flexibility of market creation and liquidity provision while drastically improving operational dynamics by reducing slippage and thereby transforming trading efficiency and profitability, especially in larger trades.”
Feb. 1: WOOFi, a cross-chain DEX based in Saint Vincent and the Grenadines, has launched on Mantle Network, the Ethereum layer-2 scaling solution, according to the team: “This positions WOOFi as one of the first protocols to support LayerZero-powered cross-chain swaps into Mantle from eight top chains, including Arbitrum, Optimism, and Avalanche. Mantle’s MAU hit 370k in Jan 2024 post-LSP launch. VP of Ecosystem Ben Yorke notes the expected rise is fueled by easier mETH access, with WOOFi pivotal for its hyper-efficient cross-chain swaps, comprising 3.7% of LayerZero transactions.”
