Announcements

Unstoppable Domains raised $65 million in Series A funding, reaching a $1 billion valuation. The firm plans to use the funds to reduce the friction of crypto payments between applications and build reputation-based Web3 reward programs. Unstoppable Domains, a firm building digital identity markers as NFTs, announced on July 27 that it raised $65 million…

The Dubai Police announced that it plans to roll out the 2nd edition of its NFT collection during the Gulf Information Technology Expo (GITEX) 2022, which will be held between 10-14 October 2022. In this edition, the force will give out 150 free NFTs in a raffle draw, while about 23 million people showed interest…

Digital asset exchange Bitfinex and Tether, the project behind the troubled USDT stablecoin, have joined forces with peer-to-peer (P2P) protocol Hypercore to roll out a blockchain-powered video calling app Keet. The app, which represents a decentralized alternative to popular centralized communication apps such as WhatsApp and Zoom, is built on a fully encrypted platform for…

Aptos, a blockchain startup founded by former Meta employees, announced a $150 million round led by FTX Ventures and Jump Crypto on July 25. The round brought the startup’s total funds raised in 2022 alone to $350 million. According to Bloomberg, the startup’s latest raise includes new investors such as Griffin Gaming Partners, Franklin Templeton,…

Moonbeam, a smart contract parachain on Polkadot, announced a partnership with Cosmos-based decentralized exchange Osmosis on July 23 to enable cross-chain token swaps between the Polkadot and Cosmos ecosystems. Simply put, this integration means it will be easy to transfer tokens between the two different blockchain ecosystems. Axelar Network will serve as the bridge infrastructure…

Web3 infrastructure provider Polygon announced the launch of Polygon zkEVM (zero-knowledge Ethereum Virtual Machine), which is set to become the first Ethereum-compatible scaling solution that uses the so-called “zero-knowledge proofs.” Thus, Polygon zkEVM aims to outpace Visa’s transaction throughput. Polygon first teased zkEVM at EthCC Paris in July 2021 and says it is designed to…