According to Odaily, Thirdweb, a platform for Web3 development tools, has announced the acquisition of Blocktorch, a Web3 visualization analysis platform. The specific acquisition amount has not been disclosed. With this acquisition, Thirdweb can now provide a complete blockchain development stack. Blocktorch offers solutions for developing, monitoring, troubleshooting, and optimizing decentralized applications. It is reported that four members of the Blocktorch team will also join Thirdweb. This move is expected to strengthen Thirdweb's capabilities in the blockchain development sector.

According to Odaily, Bondex, a Web3 talent marketplace, has successfully raised over $10 million in funding. The investment round saw participation from Animoca Brands, Morningstar, Dext Force Ventures, and iAngels. It is reported that Bondex aims to evolve into a gamified version of the professional social networking platform, LinkedIn. The funding will be utilized to further develop and expand the platform, enhancing its features and capabilities. The company's vision is to transform the way professionals connect and interact, by introducing gaming elements into the networking process. The investors, including Animoca Brands, Morningstar, Dext Force Ventures, and iAngels, have shown confidence in Bondex's innovative approach. They believe that the integration of gaming elements into professional networking could revolutionize the industry and create a more engaging and interactive platform for users. However, it remains to be seen how Bondex will implement this vision and how the market will respond to a gamified version of a professional networking platform. The success of this venture will largely depend on the company's ability to effectively integrate gaming elements without compromising the professional nature of the platform.

According to Odaily, Arcana Network, a Web3 storage and privacy protocol, has announced the launch of its Chain Abstraction protocol. The new protocol aims to eliminate the complexities associated with managing assets and gas fees across multiple blockchains. The Chain Abstraction protocol reportedly offers wallet-as-a-service through a simple SDK and utilizes a Gasless SDK to seamlessly handle gas fees. This development is a significant step towards simplifying the process of managing digital assets across different blockchain platforms. The introduction of the Chain Abstraction protocol by Arcana Network is expected to enhance the efficiency and ease of operations in the blockchain space. By addressing the challenges of managing assets and gas fees across multiple blockchains, the protocol could potentially streamline operations and reduce the technical barriers for users and developers alike.

According to Foresight News, blockchain technology provider nChain has announced the launch of a new product suite platform at BSV DevCon. This platform is designed for developers and aims to simplify the transition from Web2 to Web3. In addition to this, nChain has also introduced a digital signature solution called nChain Sign. This solution uses BSV blockchain to provide a secure, immutable, and transparent method for document signing and verification.

According to Odaily, 9dcc has announced the acquisition of the Web3 e-commerce platform, 0x Shop, along with its engineering team. This strategic move aims to enhance user experience by integrating new online technologies and further develop 9dcc's interactive products. In the coming weeks, the technology of 0x Shop will be integrated into 9dcc, and its team will be responsible for 9dcc's Networked Products™ platform. This acquisition is seen as a significant step towards improving and expanding 9dcc's interactive product offerings. The integration of 0x Shop's technology into 9dcc will provide users with a more seamless and enhanced experience. The 0x Shop team's expertise will also contribute to the development and improvement of 9dcc's Networked Products™ platform. This move is expected to bring about significant advancements in the field of e-commerce and interactive products.

According to Foresight News, RSS3, a decentralized content distribution and social protocol, has announced an expanded partnership with Google Cloud. As part of this collaboration, Google Cloud is now operating a node on the RSS3 Network. This move signifies a significant step in the growth and development of RSS3, further strengthening its position in the decentralized content distribution sector. The partnership with Google Cloud will likely enhance the network's performance and reliability, given Google Cloud's robust infrastructure and technological capabilities. However, further details about the expanded partnership and its potential implications for both RSS3 and Google Cloud have not been disclosed at this time.

According to Odaily, Ankr, a provider of Web3 infrastructure, has announced the launch of Electroneum RPC, an EVM-compatible L1 blockchain. The move is aimed at enhancing speed, security, and energy efficiency. Developers can directly access Ankr's Public and Premium Electroneum RPC, request calls, and receive node information in return. In addition, Electroneum is set to host a hackathon in the third quarter of 2024. The event is designed to encourage developers to build new DApps and utilities on the Electroneum L1 chain.

According to Foresight News, Circle Developers has announced the launch of the Circle Credits Program. This initiative is designed to provide developers with a credit limit that can be used to pay for Web3 service fees. These fees include monthly charges for programmable wallets, API calls on smart contract platforms, and costs associated with the Gas Station network and platform. The Circle Credits Program aims to support developers by easing the financial burden of these necessary operational costs.

According to Odaily, Transak, a provider of Web3 payment infrastructure, has announced the addition of fiat and cryptocurrency trading for PayPal USD. This move is aimed at popularizing digital asset payments. Users can now purchase PYUSD on their platform using fiat currency. They can make these transactions using the SEPA transfer system or mobile payment applications such as Google and Apple Pay.

According to Odaily, ZetaChain has announced its integration with Kontos on platform X, aiming to enhance interoperability. This strategic move will allow Kontos users to interact directly with ZetaChain using assets from other chains. The integration is expected to streamline operations and improve user experience by providing seamless interaction between different blockchain assets. Further details about the integration or its potential impact on the users and the market have not been disclosed yet.

According to Odaily, the 'Digital Port University Partnership Program 2024' has been officially launched and has received support from 11 local universities. The program, hosted by the Digital Port Academy and Digital Port Web3 Base, is incorporating Web3.0 elements for the first time in hopes of nurturing more young Web3.0 talents. Chen Ximing, Chairman of the Hong Kong Digital Port, stated that this program aligns with the Special Administrative Region government's goal of developing Hong Kong into a Web3.0 hub. It aims to strengthen local Web3.0 talent cultivation and assist participating students in understanding the latest industry trends, stimulating innovative thinking, and expanding their network during their training abroad. It is reported that each winning team can receive a seed fund subsidy of 100,000 yuan from the 'Digital Port Creative Micro Fund'.

According to Foresight News, the Starknet community has announced the release of version v0.13.2 and an update to their summer roadmap. The v0.13.2 version, expected to be launched in August, is designed to reduce block time without increasing L1 costs. The goal is to shorten transaction confirmation time to an average of about 2 seconds. In addition, the community plans to release version v0.13.3 between October and November. This version will be Cairo-native and emphasizes that faster execution will further shorten confirmation time. Furthermore, the community is planning to release version v0.14.0 between January and February of next year. The updated features for this version are yet to be determined.

According to BlockBeats, on June 18, Biconomy, a platform for Web3 developers and trading infrastructure, announced the release of its React Hooks SDK. This new tool aims to simplify the interaction of front-end developers with the BiconomySmartAccountV2 protocol. The team behind Biconomy stated that with the launch of Biconomy DAN and the upcoming Nexus platform, all updates and enhancements will be integrated under the framework of the useAA library. This move is designed to significantly improve the developer experience, while ensuring the protocol remains focused on stability and forward compatibility.

According to Odaily, the Hbar Foundation has announced its membership in the Nordic Blockchain Association (NBA) to enhance the adoption of blockchain and distributed ledger technology in the Nordic region. The NBA is a non-profit organization dedicated to promoting the development of the Nordic web3 network. It also aims to drive the development of supportive legislation, infrastructure, and ecosystems to harness the potential of blockchain in the Nordic society and globally. The move by the Hbar Foundation is seen as a significant step towards the widespread adoption of these technologies.

According to Foresight News, the first project on the Web3 game publishing platform NexGami, MetaVirus, has successfully raised $2 million within the first 20 minutes of its Initial DEX Offering (IDO) on June 16. The IDO, which was launched on NexGami's Launchpad, aimed to raise a total of $10 million. The rapid fundraising indicates a strong interest in the project among investors.

According to Foresight News, the Web3 Foundation has announced that the community has unanimously approved the JAM protocol through OpenGov. In addition, the foundation has launched the JAM Implementers' Prize, with a prize pool of 10 million DOT, equivalent to approximately 65 million US dollars. This initiative is designed to support the deployment of the Join-Accumulate Machine (JAM) upgrade to the Polkadot ecosystem. Applications are now open for interested parties. The JAM protocol is a significant upgrade for the Polkadot ecosystem, and the unanimous approval by the community through OpenGov demonstrates the widespread support for this initiative. The launch of the JAM Implementers' Prize further incentivizes the deployment of this upgrade, with a substantial prize pool of 10 million DOT up for grabs. The Web3 Foundation's announcement is a clear indication of their commitment to continuous improvement and innovation within the Polkadot ecosystem. The opening of applications for the JAM Implementers' Prize is expected to attract a wide range of participants, further enhancing the development and growth of the Polkadot ecosystem.

According to Odaily, the Web3 Foundation has initiated a pool of 10 million DOT tokens, equivalent to approximately $65 million, to support the deployment of the Join-Accumulate Machine (JAM) upgrade to the Polkadot ecosystem. Polkadot's founder, Gavin Wood, revealed on May 27 that the community had almost unanimously approved the upgrade proposal. The foundation stated that its initiative aims to promote innovation and enhance the Polkadot ecosystem through the implementation of various JAM protocols, thereby improving the network's resilience. The 10 million DOT award encourages the creation of JAM implementations in various programming languages, including OCaml, Go, and Zig. Qualified participants must reach specific milestones, such as importing and producing blocks, meeting performance standards on Kusama and Polkadot, and passing security audits. The plan aims to ensure the development of a decentralized network capable of handling various computational tasks. The foundation stated that JAM provides a universal environment to ensure L2 scalability without relying on rollup solutions and meets the diverse needs of any application. It added that the community's strong support for JAM indicates a willingness to accept decentralized innovation while maintaining high standards. Although the upgrade schedule is currently unclear, its implementation will proceed in five steps, including importation, authoring, speed checks, and security audits.

According to BlockBeats, on June 15, 2024, the Websea trading platform officially launched 3TChat (3T) and began trading at 15:00 GMT+8. During the period from June 14, 10:00, to June 21, users who register with the Websea exchange and deposit, hold, and trade 3T will be eligible to share in a total reward pool of 3,000,000 3T. For more details, users are advised to refer to the official announcement.

According to Odaily, Farcaster announced last month that it has raised $150 million in funding, led by Paradigm. With a valuation of $1 billion, this marks the largest investment in Web3 social media to date. The high valuation can be attributed to the involvement of cryptocurrency venture capital firms. Cryptocurrency investor Liron Shapira suggests that if venture capitalists still have LP capital to invest, their decision to invest $150 million instead of returning it implies they can charge an additional $20-30 million in management fees. An anonymous source due to business constraints revealed that, like most protocols, Farcaster is expected to launch a token, and investors will be eager to capture its fully diluted value.

According to Foresight News, Stage is planning to integrate Web 3 principles to ensure fair compensation for artists and fans. The platform aims to foster deep participation by introducing a play-to-earn model, Real World Assets (RWA), and AI music. In addition, Stage is set to launch its token, STAGE, on the BNB Chain. This move is expected to further enhance the platform's capabilities and provide more opportunities for artists and fans alike. The integration of Web 3 principles into the platform is seen as a significant step towards ensuring fairness and transparency in the music industry. By doing so, Stage aims to revolutionize the way artists and fans interact and transact, making the process more equitable and rewarding for all parties involved.