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        Phantom, a non-custodial crypto wallet, has acquired Web3 security platform Blowfish for an undisclosed sum.
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        Through this acquisition, Phantom aims to strengthen wallet security and address harmful decentralized applications and bugs by seamlessly integrating Blowfish's capabilities into its platform, delivering a more secure and user-friendly experience across all devices.
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        Blowfish is a Web3 security company that provides real-time transaction security for Web3 wallets. Since its launch in 2022, the company has prevented over 2.8 million scams, scanned over 1.3 billion transactions, and secured assets worth over USD 18 billion. 
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  <p>
    <a href="https://phantom.app/learn/blog/phantom-acquires-blowfish">
      Company blog
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  <p>
    <a href="https://crypto.news/phantom-acquires-blowfish-to-boost-wallet-security/">
      Crypto.news
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Web3 Ecosystem

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 <p>Phantom, a non-custodial crypto wallet, has purchased Web3 security platform Blowfish. The details of the transaction have not been disclosed.</p>
 <p>Phantom aims to boost its wallet's security with this acquisition. The company plans to combat harmful decentralized applications and bugs by integrating Blowfish's services into its own platform. This fusion aims to provide a safer and more user-friendly experience on all devices.</p>
 <p>Blowfish specializes in providing real-time transaction security for Web3 wallets. Since its inception in 2022, Blowfish has thwarted over 2.8 million scams, examined over 1.3 billion transactions, and secured assets totaling more than USD 18 billion.</p>
 
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Phantom acquires Web3 wallet security company Blowfish for undisclosed sum

PROMINENT_CATEGORY

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 <p>Somnia has introduced Devnet, a high-performance blockchain designed for large-scale consumer applications such as games, metaverses, and finance. It can process over 400,000 transactions per second with a focus on speed and cost-efficiency.</p>
 <p>Devnet's unique design is highlighted by an innovative database system for faster read/write times and efficient data management. It also provides full EVM compatibility, facilitating the development of decentralized reactive applications.</p>
 <p>The launch of Devnet is coupled with an initiative to invite developers to join Somnia's initial developer team. To support this, Somnia offers a holistic support system, providing technical guidance, funding, and go-to-market strategies. Devnet's infrastructure also includes services from Ankr and Hemera.</p>
 
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Somnia launches Devnet, offering high-performance blockchain capabilities

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 <p>Caldera, a provider of rollups-as-a-service, has acquired Hook, the team that developed the Hook Odyssey protocol. The protocol focused on perpetual futures for memecoins and NFTs, but it has been sunset. The amount of the deal remains undisclosed. </p>
 <p>Previously, Hook was a customer of Caldera and one of the early adopters of rollup technology. With this acquisition, Caldera aims to strengthen its product development capabilities.</p>
 <p>The team from Hook will contribute to the development of the metalayer, an initiative aimed at uniting Ethereum rollups and encouraging interoperability across Optimistic and ZK frameworks. With the deal, Caldera's team will extend across the Americas, Europe, and Asia, totaling up to 20 employees.</p>
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Caldera acquires Hook to enhance Ethereum rollup infrastructure development

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 <p>Web3 gaming platform, Immutable has formed a partnership with game development platform Sequence to merge their respective wallet and marketplace technologies. </p>
 <p>The partnership will involve the integration of Immutable Passport with Sequence's Embedded Wallet. Additionally, Sequence will extend support for Immutable's marketplace contracts and Orderbook. This integration is aimed at improving player onboarding and monetization by enhancing gaming-native user experiences.</p>
 <p>Developers are given access to these merged solutions via the Immutable Builder which is powered by Sequence. This is a low-code developer portal offering user acquisition, retention, and monetization metrics analytics.</p>
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Immutable partners with Sequence to integrate gaming wallet and marketplace solutions

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 <p>Web3 gaming company Monster League Studios secured a funding round of EUR 3.7 (~USD 3.9 million). The details of the investor are undisclosed. The funds will be used to boost the development of Mokens League's gaming ecosystem which includes features like in-game purchases, player rewards, and the implementation of a new $MOKA utility token.</p>
 <p>Monster League Studios is recognized for its development of Moken’s League, an NFT-based win-to-earn soccer game. The game boasts over 50,000 active monthly users. The company has plans to extend the game's offerings to include other sports categories such as padel, tennis, racing, basketball, hockey, and beach volleyball. This will give players the flexibility to use their assets across different games.</p>
 
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Monster League Studios raises EUR 3.7 million in funding to develop gaming ecosystem

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 <p>Web3 gaming and metaverse firm Animoca Brands has secured USD 10 million in funding through Simple Agreements for Future Equity (SAFEs) from investors such as OKX Ventures, CMCC Global, HongShan, Republic Crypto, Decima Fund, and Kingsway Capital. After six months, the SAFEs will convert into ordinary shares.</p>
 <p>This investment will be used to grow Mocaverse operations and promote the mass adoption and interoperability of Web3. The funding will specifically be directed towards the development of Mocaverse's infrastructure for Account, Identity, and Reputation systems.</p>
 <p>Since the introduction of Moca ID, 1.79 million IDs have been registered and over 160 Web3 activations have been initiated with partner companies. Recent collaborations with Anime Foundation, MyAnimeList, and One Football could attract up to 218 million monthly active users to the Moca Network.</p>
 
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Animoca Brands raises USD 10 million in funding from OKX Ventures

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 <p>Eclipse, a layer-2 rollup provider, has launched its mainnet, creating the first layer-2 network bridging Ethereum and Solana blockchains. The network uses the Solana Virtual Machine to execute transactions on Ethereum, but settles them on the Ethereum mainnet. At its launch, it included 60 dApps from various sectors including DeFi, gaming, and consumer applications, with notable integrations like Orca and lending protocol Save.</p>
 
 <p>The company combines Ethereum's decentralization and USD 500 billion in on-chain assets with Solana's speed and low transaction costs. Eclipse believes this combination will improve communication between DApps on Ethereum's layer-2 network and native Solana applications. It will also enable developers from both ecosystems to effectively scale up their applications.</p>

 <p><b>AnalystQuickTake:</b> Eclipse's mainnet launch in the fourth quarter of 2024 marks a significant event, following its <a href="https://sp-edge.com/updates/27456"> USD 50 million Series A </a> funding round in the first quarter of the same year. The firm initially planned to launch in the second quarter of 2024, but the deployment was delayed by several months.</p>

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Eclipse launches Ethereum-Solana L2 network mainnet

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 <p>Blockchain platform Cytonic has raised USD 8.3 million in seed funding from a consortium of investors including Lattice, Lemniscap, IOBC, Nomura, Lyrik, Public Works, Arthur Hayes, and others.</p>
 <p>This investment will enable Cytonic to expand its operations and speed up the development of its multi-virtual-machine blockchain ecosystem.</p>
 <p>Cytonic is compatible with Ethereum and Solana chains, integrating their tooling, wallets, and dApps. It also allows token swapping between Base and Solana in a single decentralized exchange's liquidity pool.</p>
 <p>The platform is a layer-1 blockchain solution featuring a multi-virtual machine ecosystem that accommodates various Web3 technologies. It is based on a proof-of-stake (PoS) model, operates with a validator network, and promotes blockchain interoperability. This lets developers introduce multiple protocols from different ecosystems, including EVM and non-EVM-based.</p>
 
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Cytonic raises USD 8.3 million in seed funding for product development

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 <p>Movement Labs has partnered with Halo, a SocialFi platform, to create a blockchain-powered social monetization layer for content creators. This partnership combines Movement's blockchain technology to facilitate secure, inexpensive transactions, thus providing creators with multiple avenues for earning revenue. Among these are a Creator Program (going up to USD 2,000 per month), Halo Influencer Badges that can be traded, and a fresh Bounty Q&amp;A feature.&nbsp;</p>
 <p>Furthermore, Movement's USD 20 million Crypto Fund will aid in the expansion of Halo and the implementation of other new projects. In this partnership, Halo will also be a participant in Movement's Building the Parthenon testnet program.</p> 

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Halo partners with Movement Labs to launch blockchain-based social monetization platform

ANALYST_QUICK_TAKE

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 <p>Pudgy Penguins and Mythical Games have unveiled Pudgy Party, a new multiplayer mobile game due to release on iOS and Android in 2025. The game will feature multiplayer obstacle courses and customizable penguin avatars. It will offer two main modes: A Global Competitive mode for global competition, and a Friends and Family mode for social gaming.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> This announcement of Pudgy Party comes five months after Pudgy Penguins and Mythical Games <a href="https:<br>
//sp-edge.com/updates/29921"> initially partnered in May 2024 </a> to develop a Web3-enabled mobile game. The earlier partnership laid the groundwork for combining Pudgy Penguins' beloved character series with Mythical Games' AAA-quality gameplay expertise while promising exclusive content for Pudgy Penguins holders.</p>

All Updates

Phantom acquires Web3 wallet security company Blowfish for undisclosed sum

Somnia launches Devnet, offering high-performance blockchain capabilities

Caldera acquires Hook to enhance Ethereum rollup infrastructure development

Immutable partners with Sequence to integrate gaming wallet and marketplace solutions

Monster League Studios raises EUR 3.7 million in funding to develop gaming ecosystem

Animoca Brands raises USD 10 million in funding from OKX Ventures

Eclipse launches Ethereum-Solana L2 network mainnet

Cytonic raises USD 8.3 million in seed funding for product development

Halo partners with Movement Labs to launch blockchain-based social monetization platform

Pudgy Penguins and Mythical Games partner to unveil Pudgy Party

Web3 Ecosystem

Phantom acquires Web3 wallet security company Blowfish for undisclosed sum

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