According to a Neon Labs press release, the raise was conducted via a token sale and “will be used to rapidly scale the Neon Labs team in categories spanning research, core development, marketing and business development,” as well as on a grants program. Source link … [Read more...] about Neon Labs Raises $40M to Bring EVM Functionality to Solana
functionality
ShapeShift takes aim at gas fees with new FOX token functionality
In a blog post today, noncustodial wallet and decentralized exchange aggregator ShapeShift announced expanded functionality for its FOX rewards token designed to mitigate gas fees — or, as the project put it, turn the token into “the Gas-Guzzling Philanthropist of the DeFi Forest.”“FOX Tokens now have the added superpower of helping you pay for gas when you trade on … [Read more...] about ShapeShift takes aim at gas fees with new FOX token functionality
Crypto.com unveils EVM blockchain functionality and related fund
In the coming months, Crypto.com’s blockchain will let projects built on Ethereum transfer over to its ecosystem via Ethereum Virtual Machine, or EVM, compatibility. The company also unveiled a related fund to bolster interested projects.According to a Friday public statement from the company provided to Cointelegraph, the EVM feature goes live on the Crypto.org blockchain on … [Read more...] about Crypto.com unveils EVM blockchain functionality and related fund
How Polkadot ‘bridges’ bring cross-chain functionality to the $35b network
Web 3.0, the next generation of the internet, has been envisioned by proponents to run on a fully-decentralized blockchain to create a user-friendly web wherein a user’s identity and data are their own.Creating a multichain futurePolkadot was created with just that goal in mind—with the belief that no single blockchain can support the entire Web 3.0 economy and that multichains … [Read more...] about How Polkadot ‘bridges’ bring cross-chain functionality to the $35b network