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#Topics Fhenix Secured $15M Series A Funding and Launches Helium Testnet [ad_1] Fhenix, a Layer 2 solution for Ethereum, raised $15 million for its Series A funding round, led by Hack VC, Amber Group, Collider, Primitive Ventures, GSR, and Stake Capital. The round saw participation from Gate.io Ventures, Foresight Ventures, WAGMI Ventures, XT Hi-Tech, Orrick, dao5, NGC Ventures, Panga Capital, Protagonist, and SuDo Research.Fhenix also launched the initial version of its testnet, named Helium. This release enables developers to deploy confidential smart contracts using fully homomorphic encryption (FHE), ensuring data remains encrypted even during processing.Ethereum, despite its advancements, still lacks confidentiality. To address this, Fhenix leverages FHE, allowing computations on encrypted data, thus maintaining security without decryption. Recent advancements in FHE and hardware have made this feasible.Fhenix invites developers to explore the new possibilities enabled by confidential smart contracts. The network is EVM-compatible, supporting tools like Hardhat and Remix, making it accessible for Solidity-based development.The Fhenix testnet, Helium, is now live. Developers can begin deploying their applications and apply for early access to upcoming grant and bou...

#Topics Fhenix Secured $15M Series A Funding and Launches Helium Testnet [ad_1] Fhenix, a Layer 2 solution for Ethereum, raised $15 million for its Series A funding round, led by Hack VC, Amber Group, Collider, Primitive Ventures, GSR, and Stake Capital. The round saw participation from Gate.io Ventures, Foresight Ventures, WAGMI Ventures, XT Hi-Tech, Orrick, dao5, NGC Ventures, Panga Capital, Protagonist, and SuDo Research.Fhenix also launched the initial version of its testnet, named Helium. This release enables developers to deploy confidential smart contracts using fully homomorphic encryption (FHE), ensuring data remains encrypted even during processing.Ethereum, despite its advancements, still lacks confidentiality. To address this, Fhenix leverages FHE, allowing computations on encrypted data, thus maintaining security without decryption. Recent advancements in FHE and hardware have made this feasible.Fhenix invites developers to explore the new possibilities enabled by confidential smart contracts. The network is EVM-compatible, supporting tools like Hardhat and Remix, making it accessible for Solidity-based development.The Fhenix testnet, Helium, is now live. Developers can begin deploying their applications and apply for early access to upcoming grant and bou...

Here's a new list of 40 (!) early-stage, fast growing VC-backed Israeli web3 startups, that raised Seed to Series B funding from top tier investors. 1) Tweed - the only one that raised seed from Accel 2) Dynamic - the only one that raised seed from a16z 3) Certora - the only one that raised from Tiger 4) Alterya - the only one that raised from Battery 5) Zengo Wallet - the only one that raised seed from Insight 6) Chaos Labs 7) Fhenix 8) Ingonyama - Zero Knowledge Proof Hardware Acceleration 9) Sodot 10) INX 11) Solidus Labs 12) Chain Reaction Ltd. 13) Hexagate 14) TRES Finance 15) Lightblocks Labs 16) Backed Finance AG 17) Lava Network 18) Blockaid 19) Addressable.io 20) GK8 by Galaxy 21) Breez 22) Hypernative 23) Utila 24) Braavos - Crypto Asset Management 25) SSV Labs 26) spherex technologies 27) dWallet Labs 28) CyVers 》Proactive Web3 Security 29) Archimedes 30) kirobo.io 31) Ironblocks 32) Nilos 33) Grappa.xyz 34) Othentic Labs 35) VirtuSwap 36) COTI Group 37) Xternity 38) FORDEFI 39) SendBlocks 40) Kima Network

We’re back with another edition of the Resolv Rundown — Resolv’s monthly Stakeholder Update. Let's jump right into the action! Who We Are 💫 Resolv is your go-to digital asset security partner, helping web3 businesses protect and recover stolen crypto (ERC-20 tokens). Through our innovative token-wrapping technology and decentralized arbitration, we're bringing the ease of credit card fraud protection to the world of web3. Key Takeaways 🔑 💸 Funding season is in full swing, with our sights set on accelerators and grants. 🥉 Team Resolv placed 3rd in CNVC & secured over $60K from UIUC, UChi, and OCA Ventures. 🕵️♂️ We’re in pursuit of grant opportunities and a lead investor. 🔒 Resolv has secured its first ever network partner! Key Metrics 📈 📜 LOIs secured: $55K 🤝 Partnerships formed: 7 💰 Funding Commitments: ~$130k/$750k What’s Happened? ⏪ In the past month, we wrapped up our journey through CNVC, culminating in Resolv securing 3rd place and raising over $60,000 from the University of Illinois in Urbana Champaign, the University of Chicago, and OCA Ventures! Coupled with a sprinkle of angel investments, our total funding commitments now stand at $127,500. We're actively engaging with investment firms to secure a lead investor. What’s Happening? ⏩ We're in the midst of applying to several startup accelerators (YCombinator, a16z, OrangeDAO fellowship, and Beacon), eyeing not only additional funding but also opportunities to build connections and increase Resolv’s credibility. We're also taking our shot at UIUC’s Cozad, aiming for a slice of the $400k prize pool. And lastly, our focus remains on identifying web3 grants that could propel Resolv forward. Additional Developments ➕ Resolv is currently in London for ETH Oxford, ETH London, and ETH Pragma. If you’re around, let's connect! Resolv x 🤫: We’ve secured an exciting partnership (to be announced on April 19th) marking the dawn of many more to come within the Resolv network. To streamline investment diligence, we've set up a data room. Asks 🗣 Got any YC connections? We’d love an intro! If you know of any web3 grants that Resolv should apply for, put it on our radar! We're also on the lookout for a lead investor with deep expertise in the web3 space. If you know someone interested in emerging tech, give us a shout! Word to the Future 🔮 We're charging ahead with our funding endeavors while actively seeking out fresh clients and partners. Until next time, stay saucy 🍝

2️⃣0️⃣2️⃣4️⃣: A Year in Review This year has been wild—full of wins, lessons, and even a few fails (yeah, I broke my damn leg 🦿). But the highlights? Absolutely unforgettable. It all started strong: I became CCO at Catapulta, diving into building serious Chain Ops automation, and joined Future Laboratory Ventures as an investor & Web3 mentor. Early on, I got involved with Futurum 1.0 as a speaker. Fun fact: after connecting with the team, they asked me to host the event—this led to us running two more Futurum editions later in the year. I also spoke at Bitunix X and XDAO Connect. 🔈 By summer, the energy was off the charts. We held the first-ever TON Meetup in Batumi—while I wasn’t organizing it, I had the honor of being a key participant in this groundbreaking event. In Tbilisi, I supported MORBOY at a hackathon, where the project secured 2nd place. 🏆 Oh, and Georgia took down Portugal 2-0 in football—what a vibe! Plus, Catapulta earned its spot among the top 20+1 startups in the Proof of Pitch selection (source) (https://lnkd.in/dYAStQRC). Then came fall, and things got even busier. I stepped in as Chief Advisor at EVEDEX, while at the same time launching FutureLab's US Market Accelerator (Future Laboratory Ventures continues to expand its reach). We also celebrated the opening of ZuVillage, which set a new standard for innovation hubs—an unforgettable moment for our community. 🤝 September and October were intense: I joined Token2049, moderated at Mercuryo, and judged pitches as part of the startup jury panel—a humbling experience helping shape the future of Web3. Futurum 2.0 and 3.0 were major milestones. After seeing the potential at Futurum 1.0, I dove in deeper, co-hosting and organizing the next editions❗️ December capped the year beautifully. We closed funding rounds for EVEDEX and UFARM, attended Bitcoin Mena, and I sat down for an exclusive interview with Thomas Kralow. Want a teaser? I asked Thomas about the latest happenings in the crypto world, learned his success sauces, we even explored his home and how he lives. That interview drops soon, so stay tuned. 2024 was a rollercoaster, but every moment—good or challenging—added to the journey.  Thank you to everyone who made it unforgettable. Here’s to an even bigger 2025. Let’s make it legendary! 🥂

It's been a month since the launch of DWF Labs's Cloudbreak Fund, where we’ve pledged $20M USD to support promising Web3 projects within Chinese-speaking regions. With over 90 project submissions in just the past four weeks, the fund is making amazing progress in supporting innovation and providing crucial market-making (MM) services to Chinese-speaking founders and projects seeking support with their liquidity and ecosystem growth. As the new generation Web3 investor and market maker, we provide financial backing to our stellar portfolio of over 700+ projects, including 20% of the top 100 projects ranked on CoinMarketCap, and 44% of the top 1000 projects ranked by the same.   The Cloudbreak Fund was established to further provide liquidity and support to Chinese-speaking projects in the Web3 space, nurturing groundbreaking initiatives in the realms of GameFi, SocialFi, Memecoins, AI, DeFi, and Layer 1/Layer 2 infrastructure projects. This provides outstanding projects the resources needed to realise their fullest potential. Chinese-speaking projects operating within the above categories are invited to apply to the Cloudbreak Fund and take advantage of the opportunity to accelerate their growth and gain a foothold in the Web3 ecosystem. We are committed to fostering innovation and growth in the Web3 space, and look forward to building with you in your growth journey. Apply for the Cloudbreak Fund here: https://lnkd.in/gSFycS3y Read more here: https://lnkd.in/gtYhXSxF #DWFLabsxCloudbreak

These 4 days of EthCC have flown by! ✈️ Here are the key takeaways we gathered from attending as many event invitations as possible: a. Memetoken Liquidity: The #memetoken market is reaching its peak liquidity. Most retail investors are already involved. Although new tokens are being launched, liquidity is being redirected from older tokens to new ones, rather than freshly being injected. This is why we're currently seeing short pump and dump cycles. 📉 b. ICP Initiatives: ICP launched its Chain Fusion Day and Olympus project, A state of the art use case approach with significant investments in startup infrastructure across multiple countries, in collaboration with venture capital firms like Outlier Ventures. c. Dapps and Rollups Growth: The ecosystem for dapps and rollups continues to thrive. Multiple chains, including Tezos, Stellar, Chainlink, and Algorand highlighted their robust Gen-Z coding communities. 🧑💻 d. #Web3 x AI Integration: The intersection of Web3 and AI is expanding rapidly. Around 25% of side events focused on current AI developments, though many solutions are still in the seed stage. e. New L2 Strategies: Emerging L2s are shifting focus from attracting total value locked (TVL) at the top of the funnel to nurturing startups at the bottom of the funnel. Companies like Eigenlayer are showcasing new opportunities in Web3 that are being actively explored, highlighting the need for more innovation rather than incremental infrastructure improvements. #ETHCC

Empower Your #Web3 Startup for Success! Building a thriving Web3 startup requires a solid understanding of the unique financial landscape. Here's how Adlunam's Zero2IDO Launchpad equips you to navigate the complexities: ✅ Master the Web3 Economy: Demystify gas fees, mining rewards, and tokenomics to craft robust financial projections. ✅ Navigate # Tokenomics with Confidence: Unveil the impact of utility & security tokens' volatility and potential capital gains. ✅ Chart a Course Through Regulations:Model the financial implications of evolving Web3 regulations for a smooth path forward. ✅ Fuel Sustainable Growth: Analyze user acquisition's impact on revenue and costs for long-term success. Join Zero2IDO and launch your Web3 venture with a strategic financial roadmap! ️ #AdLunam #Zero2IDO #Web3Startup #Launchpad #StartupLife

BlastUP, the first launchpad platform on Blast, is making huge strides, as fast as its presale, which ends in just a few weeks. Those hoping to share in the success of this groundbreaking launchpad are jumping on the bandwagon. Living up to its motto, "grow faster, earn more," BlastUP has demonstrated that its promise extends beyond mere rhetoric. #BlastUP

🚀 TAC Secures Record-Breaking $6.5M in Seed Funding to Launch TON-EVM Layer Top Labs portfolio company TAC has raised $6.5M in a seed funding round led by Hack VC and Symbolic Capital – making it the largest raise in TON ecosystem history! Other notable investors include Primitive, Paper Ventures, Karatage, Animoca Ventures, Spartan Capital, and angel investor Sandeep Naiwal. This investment will facilitate TAC’s plans of connecting TON to Ethereum’s extensive dApp ecosystem, with a public testnet launching at DevCon 2024 and a mainnet rollout in Q1 2025. As TON’s first EVM-equivalent extension, TAC makes Ethereum dApps seamlessly accessible to Telegram's 100M+ Web3 users. Key Benefits for Builders: 💧 Liquidity Boost: Drives adoption across TON DeFi, GameFi, and SocialFi. 🔗 Direct EVM Access: Connects Ethereum dApps to Telegram’s 950M+ users. 📈 EVM-TON Dual-Staking: Unlocks new investment opportunities with dual-staking mechanics. TAC CEO Pavel Altukhov: “We’re thrilled to debut TAC’s public testnet at DevCon 2024, showing developers the 950 million reasons to build on TAC!” Learn more 👉 https://lnkd.in/e5B9aAV7