Odaily News Web3 infrastructure startup Catalysis announced the completion of $1.25 million in Pre-Seed financing, led by Hashed Emergent, with participation from Presto Labs, Spaceship DAO, Funfair Ventures, Cosmostation and Crypto Times. Catalysis is developing the first "security abstraction layer" to unify the economic security of multiple re-staking protocols and simplify the process for developers and node operators to deploy shared security services. The platform has been integrated with re-staking protocols such as EigenLayer, Symbiotic and Kernel DAO, and plans to launch a public testnet in the second quarter of 2025.
Odaily News M10, a Web3 game developer and publisher focused on developing competitive multiplayer games, has completed a $3 million round of financing, with participation from Sui Foundation, GSR, Big Brain Holdings, Monoceros, Blockchain Founders Fund, and Presto Labs. (VentureBeat)
Odaily News Crypto technology startup Orochi Network announced the completion of a $12 million round of financing, with participation from Presto Labs, Smape Capital, Anti Capital, Maxx Capital, Bolts Capital, AZA Ventures and Connectico, in addition to funding from the Ethereum Foundation, Mina Protocol, Web3 Foundation and BNB Chain. It is reported that this funding will promote the development of Orochi's pioneering verifiable data infrastructure, empower data owners, and establish encrypted data integrity and privacy in the Web3 ecosystem. (Cointelegraph)
Odaily News Infinity Ground announced the completion of a US$2 million seed round of financing, with participation from Animoca Brands, MARBLEX, MH Ventures, Frachtis Ventures, KuCoin Ventures, KnightFury, Presto Labs and Paka.
Infinity Ground was selected for the MVB accelerator jointly organized by YZi Labs, BNB Chain and CoinMarketCap. The project plans to help Web3 creators build, deploy and monetize AI-driven applications "Text to App" without code through its innovative Agentic IDE (intelligent development environment) and IDK (intelligent development toolkit).
