SatLayer’s Post

We are happy to announce our $1 Million fundraise as part of our seed round, to build a Universal ZK-proof aggregation layer for Ethereum. Top investors such as LambdaClass, @Zephyrus Capital, Blue7, Interop Ventures, Router Protocol and super angels including Sandeep Nailwal, Martin Köppelmann, Jaynti Kanani, Anurag Arjun and others joined our round. The high cost of proof verification on Ethereum can result in millions of dollars of infrastructure costs, even for new projects. #ProofAggregation emerges as the ultimate solution for elastically scaling on-chain proof verification. It has the potential to slash proof verification costs by over 99.9%, saving builders hundreds of millions annually. Electron aspires to become the de-facto "method" for verifying proofs on Ethereum. We're already collaborating with tier-1 partners like Polygon Labs, Gnosis , LambdaClass, Avail, Biconomy and several others. Our Flagship product, Quantum is currently live for Ethereum based ZK protocols and already demonstrating a 84% reduction in verification costs. You can explore it here: https://lnkd.in/g6ui3ygQ

🔗💰 According to The Block, YieldNest, a restaking startup, has developed a new Liquid restaking token called ynLSDe, based on EigenLayer. This token is designed to allow users who stake Ethereum on major decentralized Liquid staking platforms like Lido, FRAX, Origin Protocol, and Mantle to earn additional yields. The initiative targets the growing Liquid staking derivatives market, offering enhanced earning opportunities for stakers. 🚀📈 #BitcoinWorld #DeFiInnovation

🌟 Fireside Chat with Gravity Team’s CEO 🌟 Throwback to an insightful fireside chat with our CEO and co-founder Martins Benkitis 2 years ago, where he dives deep into the journey of Gravity Team and the dynamic world of crypto market making using very simple and understandable examples for the crypto newbies. Watch the video and find out: 🔹 Personal Journey: Discover how our founder’s time in Southeast Asia, especially Thailand, influenced his personal and professional growth, shaping the inception of Gravity Team. 🔹 Founding Story: Learn about the early days of Gravity Team, co-founded in 2017, and the unique market opportunities that sparked the idea of exploiting price discrepancies in Bitcoin. 🔹 Business Model: Get an inside look at how Gravity Team operates as a global network, ensuring seamless buying and selling of crypto assets, and handling significant trading volumes that contribute to the global crypto market. 🔹 Latvia’s Crypto Ecosystem: Explore the thriving crypto community in Latvia and the Baltics, and the importance of regulation in driving industry growth and mainstream adoption. 🔹 Future of Crypto and Regulation: Understand the critical role of regulation in fostering a stable and trusted environment for crypto businesses, and how Latvia can attract global crypto investments with forward-thinking policies. 🔹 Challenges and Opportunities: Hear about the challenges of market volatility and regulatory changes, and the exciting opportunities crypto presents in creating a better financial system. 🔹 Vision for the Future: Our midterm and long-term goals focus on increasing market share, operational efficiency, and investing in projects aimed at evolving money and improving global financial access. 🔹 Community and Education: The importance of educating both the crypto community and regulators to build trust and transparency in the industry. Watch the full video to gain valuable insights and join us in our mission to revolutionize the crypto market! 🎥 https://lnkd.in/d_-u6qBD #Crypto #MarketMaking #GravityTeam #CryptoRegulation #Innovation #Blockchain #Fintech #LatviaCrypto #CryptoCommunity

📢Syndika Weekly Digest 📢 As the working week approaches its end, we're excited to share the latest news about Syndika's portfolio startups: Kima Network, the world's first cross-ecosystem decentralized money transfer protocol, and IX Swap, the Uniswap for Real-World Asset Tokens (RWA). 🤔What’s new at Kima Network? ✅ Kima Network has significantly increased Kima's Airdrop rewards! 📢Join Kima’s Community on Zealy, complete our tasks daily, and claim your rewards here: https://lnkd.in/eDViQh_C ✅ Kima has announced a strategic partnership with Coinvestor Ventures 🔥- a VC  platform that invests in early-stage blockchain-based startups worldwide. Through this partnership, Kima Network will receive professional assistance from the Coinvestor team to grow our community and gain access to more fundraising opportunities. 🔗Read more: https://lnkd.in/eEkKvnWr ✅ With almost 15K listeners, Kima and YAY Network have successfully conducted a Twitter Space exploring everything around the Kima solution. 📌Check the recorded discussion here - https://lnkd.in/eSjGt-BN ✅ Kima’s CEO, Eitan Katz, has contributed an article to Blockworks. In his article "Blockchain really is better than middlemen," Eitan delves into the importance of eliminating intermediaries for executing financial transactions, the advantages of atomic-swap transactions, the outlook on blockchain's acceptance by financial institutions, and beyond. 📝Give it a read here:  https://lnkd.in/epRC5Y8E 🤔What about IX Swap? ✅ This week, IX Swap has partnered with Unlockd Finance enhance liquidity provision, streamline asset tokenization, and drive further innovation in the RWA ecosystem. 📌Learn more here: https://lnkd.in/eqP4wanV ✅ The team has officially launched Coachkcrypto's GameFi Portfolio (CKGP)! Read more here: https://lnkd.in/eMv2uqc7 ✅ Today, at 7:00PM SGT, IX Swap’s CEO, CEO and Co-founder, Julian Kwan is soon joining Coachkcrypto for an insightful AMA: https://lnkd.in/ePwGpjQf ✅  IXSwap is launching a special Mar 20 – April 10  Zealy Sprint for their community and supporters alike, with the 10,000 $IXS prize pool! 📢Learn more here: https://lnkd.in/e_mk6G4p More updates are yet to come! Stay tuned! 🙂

💰 OpenLayer raises $5M in an undisclosed funding round. Investors in the round include The Spartan Group, a16z crypto CSX, MH Ventures, LongHash Ventures, IOSG Ventures, IDG Capital, Cadenza, Side Door Ventures, Geometry, 10K Ventures, Eterna Capital and Public Works. #OpenLayer is an #AI -powered data layer where users can contribute and validate data through a #Chrome extension, earning points in return. 👉 https://lnkd.in/d9_7p2hG

Biggest Fundraising Rounds Last Week 💰 Timeframe: 11/03 - 17/03 Last week, over $252M was secured through 43 deals 1/ Berachain secured $69.0M in funding round led by Brevan Howard Digital & Framework Ventures Berachain is a DeFi-focused, EVM-compatible Layer 1 built on the Cosmos SDK and powered by Proof of Liquidity Consensus. 2/ Polyhedra Network secured $20.0M in funding round led by Polychain Capital Polyhedra is an infrastructure for Web3 Interoperability, featuring cutting-edge zero-knowledge proof systems 3/ Carbonated Inc. secured $11.0M in Series A led by Com2us Corporation Carbonated is a mobile game developer specialising in hardcore PVP games, with their flagship product "MadWorld," a post-apocalyptic NFT shooting game set in a devastated Earth. 4/ MetaCene secured $10.0M in Series A MetaCene is a blockchain-based MMORPG set in a surreal post-apocalyptic world, where players utilize a variety of NFTs to redefine civilization. 5/ ClearToken secured $10.0M in Seed ClearToken brings a clearing house to the market for digital asset trading, lowering counterparty risk and enabling wider institutional adoption. 6/ D2X Group secured $10.0M in Series A led by Point72 Ventures D2X is building a pan-European institutional exchange for derivative trading in digital assets. 7/ UXLINK secured $9.0M in funding round UXLINK is a web3 social platform and infrastructure that enables users to turn their network into net-worth by linking more and gaining more opportunities. 8/ TunaChain secured $8.9M in IDO Tuna Chain is a pioneering company that has developed the first modular Layer 2 solution on Bitcoin. 9/ Elixir secured $8.0M in Series B led by Maelstrom & Mysten Labs Elixir is a decentralized market making protocol that interacts with centralized exchanges using market making algorithms via API calls, bringing liquidity to the long tail of cryptoassets. 10/ Clique secured $8.0M in Series A led by Polychain Capital Clique is building identity oracles that connect web2 user behavior data with web3 applications. #Fundraising #Investing #Web3

What if you had exclusive access to crypto startups before they hit the market? With TrustSwap, you become the VC. Get guaranteed allocations to every Launchpad with current performances averaging over 10x. 🔥 Learn more about how to participate in the TrustSwap ecosystem: https://lnkd.in/gJq25uFe

📣 Sophon Labs announces the closure of its investment from Binance Labs Binance Labs has made an undisclosed investment in Sophon (#SOPH) in advance of its upcoming mainnet launch and token deployment next month. Previously, Sophon raised over 20.8K #WETH, valued at approximately $48.7 million at current rates, through a node sale on Impossible Finance, with 123.5K nodes (62%) already sold. Users who operate a node on Sophon will be eligible to earn a portion of up to 20% of #SOPH token emissions over the next three years. Additionally, node holders may receive potential airdrops from ecosystem participants. #Sophon is a community-driven ecosystem centered on entertainment applications across gaming, social media, #AI, prediction markets, and more. The project raised $10 million in a seed funding round led by Paper Ventures, with contributions from other investors such as Maven 11, The Spartan Group, SevenX Ventures, OKX Ventures, and HTX Ventures. Furthermore, Sophon has also secured an investment from Matter Labs, the developer behind ZKsync. 👉 https://lnkd.in/dnvhdUv4

📢Syndika Weekly Digest 📢 Welcome to this week's Digest, where we bring you the latest highlights and updates from the forefront of Web3 and AI innovation. What’s new at Syndika’s portfolio startups? 🤝Kima Network, the world’s first cross-ecosystem decentralized money transfer protocol: ✅Kima partners with Alpha Capital -  the world’s first investment fund that uniquely blends the operational methodologies of a DAO with the comprehensive services of consulting, research, and development. ✅Kima joins forces with ZKFair - a community-owned, community-driven L2 network powered by Polygon CDK, Celestia DA, and Lumoz RaaS that is focused on addressing the challenges within the current ETH L2 ecosystem, such as high costs and barriers to entry for regular users. ✅On March 18-20, Kima Network is heading to Digital Asset Summit 2024! Who from Kima will be there? 🔥Eitan Katz, the Founder and CEO of Kima 🔥Tzahi Kanza, the Co-Founder and COO of Kima 🔥Angus O'Callaghan, Kima’s advisor 🔥Ziv Keinan, Kima’s advisor ✅Kima’s Sprint #2 has been closed! 🔥Big ups to our top 50 winners: 🥇 1st Place: $480 🥈 2nd-10th Place: $80 each 🥉 11th-50th Place: $20 each 🏆 Check out who made the list here: https://lnkd.in/ecQYKjN7 🤝IX Swap, the Uniswap for Real-World Asset Tokens (RWA): ✅IX Swap is pleased to announce the FIRST and ONLY of its kind: OTPs - Onchain Tokenized Portfolios.  🔗Check out the portfolios, starting with the recently added Coachkcrypto's GameFi Portfolio (CKGP) >,  and invest in the selected solutions here:  https://lnkd.in/e5RBkF5e ✅IX Swap's native token, $IXS, has officially landed on BitMart, a leading centralized exchange! 🔥Check it out here: https://lnkd.in/eD6GukMF ✅Additionally, IX Swap is pleased to announce another successful deal closed on the IX Swap Launchpad—Sea Solar Series 1 ($SSOL1)—with FRACSIO ✅Following a successful close of the Sea Solar Series 1 (SSOL1), the team is pleased to announce that the DEX pools for $SSOL1 are now live! Follow the Syndika startups to learn more about their progress. 😉

Join us for the members-only AWIC's Monthly Roundtable: Innovation and Stablecoin Strategies on November 14, 2024, at 7:00 PM East. This exclusive virtual session, led by Anne Walton, Senior Director at J.S. Held, and special guest Flavia Naves, Commissioner of the Wyoming Stable Token Commission, will explore Wyoming's innovative approach to stablecoin regulation and the future of state-backed digital assets. Register here: https://lnkd.in/eef48E5c Connect with industry leaders to explore how businesses, startups, and governments shape the stablecoin landscape. Don’t miss this chance to gain insights and network within the digital asset community. #Stablecoins #DigitalAssets #AWIC