<div>
  <ul>
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      <p>
        zkPass, a privacy-preserving protocol for data verification, has raised USD 12.5 million in a Series A funding round from dao5, Animoca Brands, Flow Traders, Amber Group, IOBC Capital, Signum Capital, MH Ventures, and WAGMI Ventures. This round brings zkPass' total funding to USD 15 million and gives it a token valuation of USD 100 million.
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      <p>
        The company plans to grow its team of 26 employees across engineering, marketing, and business development functions.
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<div>
  <p>
    <a href="https://www.morningstar.com/news/accesswire/932753msn/series-a-funding-secures-125m-for-zkpass-to-drive-zktls-oracle-protocol">
      Press release
    </a>
  </p>
  <p>
    <a href="https://www.theblock.co/post/321723/zkpass-funding-token-valuation">
      The Block
    </a>
  </p>
</div>


Enterprise Blockchain Solutions

<div>
 <p>zkPass, a protocol that preserves data privacy, has garnered a total of USD 15 million in funding with its Series A funding round contributing USD 12.5 million. The funding round was led by a network of investors including dao5, Animoca Brands, Flow Traders, Amber Group, IOBC Capital, Signum Capital, MH Ventures, and WAGMI Ventures, resulting in a token valuation of USD 100 million for zkPass.</p>
 <p>The firm has plans for expansion, looking to increase their employee base from 26, focusing on positions in engineering, marketing and business development.</p>

</div>

zkPass raises USD 12.5 million in Series A funding

ANALYST_QUICK_TAKE

<div>
 <p>A content delivery network called Blockcast has garnered USD 2.85 million in a seed funding round. Top investors include Lattice Fund, Protocol Labs, Finality Capital Partners, AllianceDAO, Zee Prime Capital, RW3 Ventures, and Anatoly Yakovenko from Solana. </p>
 <p>The firm has plans to further its platform and initiate a pre-order campaign for its home RELAY nodes. By connecting these devices to a home router and wall socket, consumers can engage in the content delivery procedure and receive rewards. </p>
 <p>Blockcast's CDN is decentralized, aggregating capacity from numerous nodes worldwide to present high-bandwidth content to vast audiences. It does this while cutting down on data usage, rebuffering, and latency. The company uses Multicast Adaptive HTTP Proxy (MAHP) tech for effective content delivery to multiple receivers concurrently via one physical resource. Furthermore, it offers broadcast security protocols and applies tried-and-tested CDN strategies, such as the Open Caching APIs, letting content providers securely increase their delivery architecture's capacity from broadcasters and internet service providers.</p>

</div> <p><b>Analyst QuickTake:<br>
</b> Blockcast offers a similar solution to <a href="https:<br>
//sp-edge.com/companies/803189"> Mawari Network </a> , which <a href="https:<br>
//sp-edge.com/updates/34067"> raised USD 10.8 million </a> in fresh funding last month. While Mawari Network focuses specifically on delivering content to spatial computing devices like AR/VR headsets, Blockcast aims to differentiate itself with its multicast technology, which enables efficient content delivery to multiple receivers (of any kind) simultaneously using a single physical resource.&nbsp;</p>

Blockcast raises USD 2.85 million in seed funding to build content delivery network

<div>
 
 <p>Mawari, a provider of a decentralized content delivery network, has raised $10.8 million in funding. The round was led by Anfield LTD, Borderless Capital, and 1kx and saw participation from Accord Ventures, Animoca Brands Japan, Blockchange Ventures, Draper Dragon, and iAngels, among others.</p>
 <p>The secured funds will be used for the improvement of Mawari's Spatial Streaming software development kit (SDK), investment in R&amp;D for decentralized spatial computing and expansion of their business development initiatives to reach a broader clientele and markets across Asia and the Americas. In addition, the company has revealed its plans to sell node licenses in the fourth quarter of 2024. </p>
 <p>Mawari Network offers a Decentralized Physical Infrastructure Network (DePIN) facilitating the real-time rendering and streaming of 3D content to spatial computing devices such as AR/VR headsets. Its network features unique 3D streaming CODEC and split-rendering technology that can compress 4GB streams to 10-14MB per second, reducing bandwidth requirements significantly. Furthermore, the company offers a proprietary Spatial Streaming SDK that can be integrated with 3D development environments like Unity and Unreal Engine. </p>
 
</div>

Mawari raises USD 10.8 million in strategic funding to further develop DePIN network

PROMINENT_CATEGORY

<div>

<p>IoTeX, a blockchain-based IoT infrastructure provider, has teamed up with Polygon Labs, a Web3 infrastructure provider. The partnership focuses on integrating IoTeX 2.0 platform with AggLayer, a blockchain interoperability solution by Polygon. The aim of this collaboration is to enhance cross-chain communication and liquidity across DePIN ecosystem of IoTeX. The integration of AggLayer will facilitate projects on various chains to methodically distribute rewards and allow users to choose their preferred blockchain for settling transactions.</p>

</div>

IoTeX partners with Polygon Labs to integrate IoTeX 2.0 with AggLayer

<div>
 
 <p>Hypernative, a blockchain security solutions provider, has secured USD 16 million from a Series A funding round. The round was led by Quantstamp and saw participation from several investors like Bloccelerate VC, Boldstart Ventures, Borderless Capital, CMT Digital, IBI Tech Fund, and Knollwood Investment Advisory, raising Hypernative's total funding to USD 27 million.</p>
 <p>The company plans to use this funding to break into new security stack verticals, bolster global presence, and augment its workforce. It is particularly looking to expand in the Asia-Pacific and US regions, and hire for roles across research and development, customer support, sales, and marketing.</p>
 <p>Hypernative is a Web3 security firm that offers real-time surveillance and risk prevention solutions for blockchain-based enterprises and end-users. It's platform, that employs unique machine learning models and anomaly detection mechanisms, is capable of monitoring both on-chain and off-chain data sources. This enables it to anticipate and mitigate over 200 types of risks including smart contract breaches, bridge security complications, and market manipulations before they pose any serious threat.</p>
 
</div>

Hypernative raises USD 16 million in Series A funding to expand globally and grow team

<div>
 <p>The Global Shipping Business Network (GSBN), a global consortium geared towards the evolution of blockchain-based shipping and logistics technology, has announced a partnership with Ant Digital Technologies, a company dedicated to blockchain technology development. The partnership is aimed at the creation of eBill of Lading (eBL) tokenization technology for Project Ensemble, a Central Bank Digital Currency (CBDC) initiative by the Hong Kong Monetary Authority (HKMA).</p>
 <p>The collaborative effort seeks to tokenize eBLs issued on the GSBN's blockchain platform, thus facilitating trade finance activities between corporations and financial institutions. Ant Digital Technologies will provide support for the tokenized eBLs on its own blockchain, allowing its users to carry out trade finance payments via tokenized deposits and CBDCs.</p> 
</div>

GSBN partners with Ant Digital Technologies for eBL tokenization in Hong Kong

<div>
 <p>Space and Time (SxT), a decentralized data warehouse platform, successfully raised USD 20 million in Series A funding. This round was led by Framework Ventures, Lightspeed Faction, Arrington Capital, and Hivemind Capital, bringing the total funding of the company to USD 50 million.</p>
 <p>The raised funds are planned to be used for speeding up engineering and product development. A part of the funding will also go towards further ecosystem and community growth.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> This funding comes on the heels of a series of recent product developments and partnerships made by the company over the past year. In June, SxT launched “Proof of SQL,” a zero-knowledge (ZK) prover that enables users to process on-chain and off-chain datasets and deliver verified results to smart contracts during transactions. It also partnered with <a href="https:<br>
//sp-edge.com/companies/792614"> Chainlink </a> ( <a href="https:<br>
//sp-edge.com/updates/22336"> October 2023 </a> ) and <a href="https:<br>
//sp-edge.com/companies/792614"> Matter Labs </a> ( <a href="https:<br>
//sp-edge.com/updates/27636"> March </a> ) to further develop its infrastructure and expand its reach to the zkSync hyperchain.</p>

Space and Time raises USD 20 million in Series A funding to accelerate development

<div>
 
 <p>Blockchain-based IP management platform, Story Protocol, has successfully raised USD 80 million in a Series B funding round. The round was led by Andreessen Horowitz (a16z) and saw involvement from several other investors including Polychain Capital Hashed, Foresight Ventures, Samsung Next, Mirana Ventures, and SparkLabs Global. This round of funding takes the total raised by Story Protocol to USD 143 million and provides a company valuation of USD 2.25 billion.</p>
 <p>Story Protocol’s strategy for the funding revolves around development and expansion. It intends to use the funds for strengthening its network infrastructure and bringing in more developer partners. A commercial launch of the platform is scheduled for later this year.</p>
 
</div>

Story Protocol raises USD 80 million in Series B funding to further develop its platform

<div>

 <p>Allium, an enterprise blockchain data platform, has raised USD 16.5 million in a Series A funding round. The round was led by Theory Ventures and saw participation from existing investors Kleiner Perkins and Amplify Partners. This takes Allium's total capital raised to USD 21.5 million.</p>
 <p>The company intends to use the new funding to enhance its data infrastructure and boost its marketing efforts.</p>
 <p>Allium supplies institutions and companies with enterprise-grade, real-time blockchain data and analytics. It boasts a suite of data products, including Allium Explorer, a tool for data discovery, investment research, financial accounting and auditing, and Allium Developer, which provides real-time APIs and data ingestion tools to drive enterprise applications and workflows.</p>

</div> <p><b>Analyst QuickTake:<br>
</b> Allium offers a similar solution to <a href="https:<br>
//sp-edge.com/updates/27026"> Dune Analytics </a> , which recently <a href="https:<br>
//sp-edge.com/updates/27026"> partnered with Snowflake </a> to launch a new product that enables users to access data from several blockchains. While Allium is a comparatively smaller company, it aims to differentiate itself by offering a GenAI-powered assistant tool that enables users to make queries across over 40 blockchains and over 100 schemas by asking questions in natural language.</p>

Allium raises USD 16.5 million in Series A funding to invest in data infrastructure and marketing

<div>
 
 <p>OpenLedger, a provider of blockchain infrastructure for AI applications, has secured $8 million in seed funding. The funding round was led by Polychain Capital and Borderless Capital and included participation from companies such as Finality Capital, Hash3, HashKey Capital, STIX, TRGC, Mask Network, and MH Ventures among others.</p>
 <p>The company intends to use this funding to increase its staff and support the launch of its testnet, which is projected for the fourth quarter of 2024.&nbsp;</p>
 <p>OpenLedger provides a permissionless data infrastructure allowing developers to connect verified data from multiple sources for building and training AI models. It ensures effective training and accuracy by providing high-quality annotations, reinforcement learning features, dataset management, and optimization solutions. Furthermore, OpenLedger leverages EigenLayer's Active Validated Service (AVS) and dedicated nodes to provide users with the same level of security as the Ethereum blockchain.</p>
 
</div>

All Updates

zkPass raises USD 12.5 million in Series A funding

Blockcast raises USD 2.85 million in seed funding to build content delivery network

Mawari raises USD 10.8 million in strategic funding to further develop DePIN network

IoTeX partners with Polygon Labs to integrate IoTeX 2.0 with AggLayer

Hypernative raises USD 16 million in Series A funding to expand globally and grow team

GSBN partners with Ant Digital Technologies for eBL tokenization in Hong Kong

Space and Time raises USD 20 million in Series A funding to accelerate development

Story Protocol raises USD 80 million in Series B funding to further develop its platform

Allium raises USD 16.5 million in Series A funding to invest in data infrastructure and marketing

OpenLedger raises USD 8 million in seed funding from Polychain Capital and Borderless Capital

Enterprise Blockchain Solutions

zkPass raises USD 12.5 million in Series A funding

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