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Neptune Protocol raises $3.9M in a Seed funding round #NeptuneProtocol secures $3.9M in a Seed funding round from Animoca Brands, CMS Holdings, Bloccelerate VC, IVC, Maelstrom, Builder Capital, RockTree Capital, Wise3 Ventures, Optic Capital, Relayer Capital, Stake Capital Group, WAGMI Ventures, Cogitent Ventures, MH Ventures and others. Neptune Protocol is a decentralized finance platform on the #Eclipse ecosystem. It aims to provide a robust solution for stablecoin lending, specifically through its native stablecoin, $USDN, pegged to the US dollar. 👉 x.com/Neptune_Stable/status/1866487539819061365
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Fuel Network introduces its native token $FUEL $FUEL powers Fuel's decentralized sequencer and eliminates gas fees for users through an innovative economic incentive model centered on Application-Specific Sequencing. 20% of $FUEL initial supply is allocated to our community, rewarding early supporters, builders, and users. Distribution will consider eligibility, including Fuel Points and the incentivized testnet. In total, over 51% of $FUEL will be allocated to the community, ecosystem, and R&D. The launch date target will be in the next two weeks. #Fuel is an execution layer specifically designed for #Ethereum rollups, providing a high-performance, parallelized environment for executing smart contracts. 👉 fuel.mirror.xyz/T6A4x8ReVu5ucAdwXXhrJawN9n4op7de4y7xW9MJ8ew
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Galxe unveils Gravity EVM upgrade along with a $50M ecosystem fund #Galxe introduced a #GravityEVM (Grevm) upgrade and a $50M ecosystem fund to support projects developing on its network. #Grevm 1.0, an open-source parallel EVM built on revm — an EVM written in the #Rust coding language, is designed to be simple and more efficient than traditional EVMs. Galxe is providing an additional $5M in developer grants for its network. The ecosystem fund is supported by venture capital firms such as HashKey Capital, DAO5, Lattice and Spartan Group. 👉 cointelegraph.com/news/galxe-unveils-gravity-chain-upgrade-50-million-ecosystem-fund
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COIN OF THE DAY #CPOOL #Clearpool #crypto2024 #dyor
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