<div>
  <ul>
    <li>
      <p>
        QuickNode, an end-to-end Web3 development platform, raised USD 60 million in a Series B funding round at a valuation of USD 800 million. The round was led by 10T Holdings with participation from Tiger Global, Seven Seven Six, and Protocol Labs, among others. The round brings its total funding to more than USD 105 million.&nbsp;
      </p>
    </li>
    <li>
      <p>
        It aims to use the fresh capital to accelerate its global expansion and help developers transition from Web2 to Web3 by providing them with education and tools. It also plans to either double its headcount or continue its hiring spree.
      </p>
    </li>
    <li>
      <p>
        The company claims that its top line grew more than 300% in the past year, while its user base increased by over 400%. In addition, its employee count also increased to 120 from 20 since its Series A funding round in October 2021.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.prnewswire.com/news-releases/quicknode-raises-60m-series-b-round-to-further-fuel-blockchain-adoption-301729160.html">
      Company press release
    </a>
  </p>
  <p>
    <a href="https://techcrunch.com/2023/01/24/quicknode-raises-60m-at-800m-valuation-to-become-the-aws-or-azure-of-blockchain/">
      TechCrunch
    </a>
  </p>
  <p>
    <a href="https://cointelegraph.com/press-releases/quicknode-raises-60m-series-b-round-to-further-fuel-blockchain-adoption">
      Cointelegraph
    </a>
  </p>
  <p>
  </p>
</div>


Web3 Ecosystem

QuickNode raises USD 60 million in Series B funding round

ANALYST_QUICK_TAKE

<div>
 
<p>Helius, a platform that simplifies application development on the Solana blockchain, has secured USD 21.75 million in a Series B funding round. The round was led by Haun Ventures and Founders Fund, with contributions from 6MV, Foundation Capital, Chapter One, and Spearhead. This recent financing has increased Helius' aggregate capital raised to USD 31.3 million.</p>
<p>These funds will allow Helius to enhance its services for app developers. Additionally, they will equip the company with the necessary resources to create more efficient, faster, and cost-effective apps in the cryptocurrency sector.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> The company’s previous funding round took place in <a href="https:<br>
//sp-edge.com/updates/26900"> February 2024 </a> , raising USD 9.5 million to recruit low-level systems and backend engineers and enhance its technical stack.</p>

Helius raises USD 21.75 million in Series B funding to expand app developer services

PROMINENT_CATEGORY

<div>
 
 <p>Solana Mobile, part of The Solana Foundation, has announced its second-generation Web3 smartphone, "Seeker." The device will be available in 2025, priced at USD 450, and has secured 140,000 pre-orders across 57 countries thus far.</p>
 <p>"Seeker" features a Seed Vault Wallet, upgraded Solana dApp store, a lighter design, brighter display, enhanced camera capabilities, and better battery life.</p>
 <p>The launch of this device is expected to boost the adoption of Solana's mobile technologies, providing easy crypto transactions, rewards, and exclusive content within the Solana ecosystem.</p>
 
</div>

Solana unveils second-generation Web3 smartphone 'Seeker'

<div>
 
 <p>Polkadot, a prominent blockchain protocol, has unveiled Agile Coretime, a new feature aimed at more efficient computational resource management. This is part of the Polkadot 2.0 upgrade, designed to enhance scalability, cost-effectiveness, speed, and flexibility of the network.</p>
 <p>The Agile Coretime introduces a flexible blockspace model, overcoming the earlier two-year auction system for core leasing. It provides two purchasing options to cater to different project requirements: On-demand for those with changing demands and bulk for teams needing consistent blockspace. The feature smartly aligns resource availability with network demand, avoiding wastage during slow periods and preventing congestion in peak times.</p>
 <p>Polkadot suggests that Agile Coretime makes it easier for new developers and smaller projects to access the platform's infrastructure, removing the need for substantial DOT collateral.</p>
 
</div>

Polkadot launches Agile Coretime for resource allocation

<div>
 
 <p>TON, a blockchain network, received a USD 30 million investment from crypto exchange Bitget and Web3 investment firm Foresight Ventures through a token exchange. The investment aims to support TON projects, particularly in the 'tap-to-earn' gaming field integrated with Telegram. Both Bitget and Foresight Ventures will participate in shaping TON's governance. TON is among the rapidly growing blockchains in 2024, with its total value locked jumping 18-fold to USD 350 million within the last six months. The TON ecosystem houses over 1,000 dApps, serving millions of users.</p>
 
</div>

TON secures USD 30 million in investment from Bitget and Foresight Ventures

<div>

<p>Hemi Labs, which develops blockchain infrastructure, has raised USD 15 million in a funding round. Major investors include Binance Labs, Breyer Capital, and Big Brain Holdings, along with Crypto.com, Web3 Ventures, HyperChain Capital, Alchemy, and other investors.</p>
<p>The raised funds will be channeled towards the development and launch of the Hemi Network. This is a modular blockchain network based on Bitcoin and Ethereum, with a target launch date in Q4 2024. The network's incentivized test net is already operational.</p>
<p>The primary objective of Hemi Network is to integrate Bitcoin and Ethereum into a singular supernetwork. This network will offer a variety of features, such as Hemi Virtual Machine, Bitcoin programmability, Superfinality, trustless cross-chain portability, and asset programmability while ensuring superior scaling, security, and interoperability.</p>
<p>Established in 2024, Hemi Labs is a blockchain technology firm. It has developed the Hemi VM (hVM) - a system that amalgamates a full Bitcoin node with an Ethereum Virtual Machine (EVM). The combination allows Hemi to create functionalities that link the Bitcoin and Ethereum networks. The company's key offerings contain security features leveraging Proof-of-Proof technology, asset transfer capabilities between Bitcoin and Ethereum through Hemi's Tunnels, and toolkits to develop Bitcoin-aware, EVM-compatible applications via its Hemi Bitcoin Kit (hBK).</p>

</div>

Hemi Labs raises USD 15 million in funding to launch blockchain network

<div>
 
 <p>Limitless Labs, a company that deals with a prediction market platform, successfully raised a total of USD 3 million during a pre-seed funding round. The said round was spearheaded by 1confirmation and also attracted participation from other parties which include Paper Ventures, Collider, and Public Works.</p>
 <p>The newly obtained funding will serve the purpose of advancing the development of its prediction market platform. This platform is constructed on Base, a blockchain network that falls under the category of layer-2 and was brought to life by Coinbase.</p>
 <p>Limitless Labs majorly concentrates on markets that expire quickly, with the main focus being put on stock and cryptocurrency prices which are considered at the closure of each trading day. Boasting over USD 200,000 daily transactions on its platform, the company doesn't fall short on user retention. As a testament to this, they claim that a good 38% of their users prolong their stay and return after the seventh day.</p>
 
</div>

Limitless Labs raises USD 3 million in pre-seed funding to develop prediction market

INCUMBENTS_PRESENT

<div>

 <p>Google Cloud has launched the Blockchain RPC (Remote Procedure Call) service for Web3 developers globally. The service is currently in its preview phase and provides a free tier that accommodates up to 100 requests per second and 1 million requests per day.</p>
 <p>The service ensures enterprise-grade reliability by using Google Cloud's infrastructure for security and reliability. It is fully compliant with the Ethereum JSON-RPC standard and supports the Ethereum mainnet and testnets. The service has plans to include more chains in the coming year.</p>
 <p>Google Cloud highlights that its Blockchain RPC service is cost-effective, compatible with existing RPC providers, and scalable to manage increasing request volumes.</p>
  
</div>

Google Cloud launches Blockchain RPC service for Web3 developers

<div>
 <p>The blockchain-based game developer, Sky Mavis, has introduced its cross-game onboarding solution called Ronin Waypoint. This platform allows players to access games on Ronin using a single account via email or social logins, eliminating the need for seed phrases or browser extensions. This is achieved through the implementation of multi-party computation (MPC) technology which securely produces keyless wallets in the background.</p>
 <p>Ronin Waypoint is designed to enable users to trade, swap, and mint assets across partner games within the Ronin ecosystem. It's currently operational in Axie Classic and will be extended to Axie Origins and further games. Moreover, Ronin Waypoint provides cross-platform functionality and is compatible with Unity, Telegram, iOS, and Android platforms.</p>
</div>

Sky Mavis launches cross-game onboarding solution

<div>
 
 <p>Stablecoin and payments infrastructure provider, Circle, has expanded its Web3 Services product suite to fully support the Arbitrum One blockchain. This means its full-stack blockchain infrastructure platform, which already accommodates chains such as Avalanche, Ethereum, Polygon PoS, and Solana, has increased its range of support.</p>
 <p>For Arbitrum, Circle's Web3 Services suite includes programmable wallets, a smart contract platform, and a gas station.</p>
 <p>The firm believes that this integration will provide significant support to the rapidly growing community of developers on Arbitrum. It will enable them to create multi-chain applications for DeFi and other enterprise use cases, and benefit from near-instantaneous transaction settlement at substantial scale with minimum costs.</p>
 
</div>

Circle expands Web3 Services product suite to Arbitrum

<div>
 <p>CCP Games, a subsidiary of Pearl Abyss, has announced EVE Frontier, previously known as Project Awakening. This blockchain-based space survival game is set in the shared universe of EVE Online. EVE Frontier promotes a single-shard MMO style of gameplay, whereby players coexist in a shared space.</p>
 <p>In a post-apocalyptic setting, EVE Frontier gives players the opportunity to explore, collect resources, upgrade ships, and battle with rogue AI. The game features its own form of currency creation, player-motivated markets, and base-building through Smart Assemblies. How players decide to engage with the game will have wide-ranging effects on the game’s universe, influencing aspects of space exploitation and various economies. CCP Games has plans in motion to conduct a closed playtest in the near future.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> CCP Games has been focused on expanding its EVE universe, having launched Project Discovery:<br>
 Phase Four in <a href="https:<br>
//sp-edge.com/updates/32108"> July 2024 </a> . The project is expanding its citizen science program within EVE Online, which is aimed at cancer and immune system research.</p>

All Updates

QuickNode raises USD 60 million in Series B funding round

Helius raises USD 21.75 million in Series B funding to expand app developer services

Solana unveils second-generation Web3 smartphone 'Seeker'

Polkadot launches Agile Coretime for resource allocation

TON secures USD 30 million in investment from Bitget and Foresight Ventures

Hemi Labs raises USD 15 million in funding to launch blockchain network

Limitless Labs raises USD 3 million in pre-seed funding to develop prediction market

Google Cloud launches Blockchain RPC service for Web3 developers

Sky Mavis launches cross-game onboarding solution

Circle expands Web3 Services product suite to Arbitrum

CCP Games announces blockchain-based survival game 'EVE Frontier'

Web3 Ecosystem

QuickNode raises USD 60 million in Series B funding round

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