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jump crypto – RE3W.IO https://re3w.io Web 3 Gaming News Sat, 01 Oct 2022 17:07:14 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://re3w.io/wp-content/uploads/2022/06/cropped-6257123555f2839a6f5124cd_re3w-p-500-32x32.png jump crypto – RE3W.IO https://re3w.io 32 32 Coral, A Solana-Based Developer Has Raised $20M In Strategic Funding Round https://re3w.io/2022/10/01/coral-a-solana-based-developer-has-raised-20m-in-strategic-funding-round/ https://re3w.io/2022/10/01/coral-a-solana-based-developer-has-raised-20m-in-strategic-funding-round/#respond Sat, 01 Oct 2022 17:07:13 +0000 https://re3w.io/?p=1670 Solana-based developer Coral has raised $20 million in a strategic funding round co-led by the venture capital arm of FTX and Jump Crypto. Other participants in the round included Multicoin Capital, Anagram, and K5 Global, among others. The capital will go toward building out the first flagship product, Backpack, a wallet for executable non-fungible tokens (xNFT).

NFTs are typically digital assets such as an image or song where an underlying smart contract proves the uniqueness of that asset. With xNFTs, the user owns the right to execute some type of tokenized computer code – essentially, the user owns the right to launch an application. The ability to launch multiple types of apps in one place could simplify onboarding, a common pain point in the crypto industry.

Backpack’s private Beta launched on September 26th. About 10 of the largest projects on Solana already have projects in development using Backpack’s xNFT technology, including NFT marketplace Magic Eden, cross-chain bridge Wormhole, decentralized finance protocol Solend, and the developer framework Anchor, which Coral also created.

]]> https://re3w.io/2022/10/01/coral-a-solana-based-developer-has-raised-20m-in-strategic-funding-round/feed/ 0 Aptos Labs Announces Their $150 Million Raise In Series A Funding https://re3w.io/2022/07/28/aptos-labs-announces-their-150-million-raise-in-series-a-funding/ https://re3w.io/2022/07/28/aptos-labs-announces-their-150-million-raise-in-series-a-funding/#respond Thu, 28 Jul 2022 06:37:00 +0000 http://re3w.io/?p=938 Layer 1 blockchain Aptos Labs just announced on Twitter that they raised $150 million in a Series A funding round. FTX Ventures and Jump Crypto led the round with participation from Andreessen Horowitz, Multicoin Capital, and Circle Ventures. Aptos Labs has now apparently raised $350 million this year as it looks to use its technology and programming language, Move.

Mo Shaikh, Aptos co-founder and CEO, stated: 

“We’ve known for a while that, due to issues like outages and downtime, current blockchains are not fit for purpose when it comes to mass Web3 adoption. That’s why we’re building a blockchain to be the reliable foundation for Web3 that ushers in users from around the world to experience the benefits of decentralization.”

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