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Gelato raises $11M in a Series A+ funding round #Gelato secures $11M in a Series A+ funding round led by Hack VC, with participation from Animoca Brands, IOSG Ventures and Bloccelerate VC. Raised funds Gelato will use to expand its team and service to support more enterprise-grade rollups, aiming to become the “go-to platform” for startups to launch their own blockchains. Gelato Network is a decentralized network of bots used by #web3 developers to automate smart contract executions on public blockchains. With Gelato, developers can outsource their web3 DevOps, allowing them to focus on building their core products. 👉 x.com/gelatonetwork/status/1850917037079437317
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COIN OF THE DAY $BTC #Bitcoin #Crypto2024 #dyor
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bitSmiley raises $10M in a funding round #bitSmiley secures $10M in a funding round from MH Ventures, Veris Ventures, Side Door Ventures, KuCoin Ventures, Pragma, NewTribe Capital, Kinetic Kollective, NxGen, IBC Group, Skyland Ventures and others. The raised funds bitSmiley will use to fuel its growth, boost cross-chain capabilities and power multi-chain stablecoin initiatives. bitSmiley is a $BTC -native protocol, designed to revolutionize decentralized finance through its #Fintegra framework. It combines a decentralized over-collateralized stablecoin protocol, a trustless native lending platform, and an advanced derivatives protocol to expand Bitcoin's potential within #DeFi . 👉 x.com/bitsmiley_labs/status/1850870273186369541
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Infinex raises $67.7M through Patron NFT sale #Infinex secures $67.7M through Patron #NFT sale with support from Founders Fund, Wintermute Ventures, Framework Ventures, Solana Ventures, Moonrock Capital, Everest Ventures, cyber Fund and others. Infinex is a decentralized perpetual contract exchange designed to offer a user experience comparable to centralized platforms. It utilizes #Synthetix ’s derivatives and stablecoins like sUSD for trading, generating fees from trading, integration, and $SNX token staking. 👉 x.com/infinex_app/status/1850855416118628833
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Alchemy Pay unveils Alchemy Chain launch plan #AlchemyPay introduces the launch plan of its #Layer1 blockchain, #AlchemyChain . Alchemy Chain is built on a scalable #SolanaVirtualMachine (SVM) architecture to unite fiat and crypto in a frictionless payment system. $ACH will serve as Alchemy Chain's utility token, enabling users to pay gas fees and transact in either $ACH or fiat, easily converting earnings into fiat. Alchemy Chain will also introduce a stablecoin revenue mechanism for effortless yield. Additionally, Alchemy Pay will launch two key tools: the Meme Launchpad, simplifying meme project creation, and the Meme #Telegram Bot, offering an easy, light mode interface for developers to navigate and interact with the ecosystem effortlessly. 👉 alchemypay.org/news-and-press/alchemy-pay-unveils-alchemy-chain-launch-plan-a-transformative-layer-1-blockchain-for-the-future-of-payments
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