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        Fireblocks, a blockchain infrastructure and security company, has launched two new products named &quot;dApp Protection&quot; and &quot;Transaction Simulation&quot; to enable institutional DeFi users to mitigate security threats.
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        The solutions will allow users to identify malicious smart contracts, phishing websites, and compromised decentralized applications (dApps) by checking for suspicious behavior such as fraudulent URLs, toxic Javascript elements, and unreliable registrars. Moreover, users can check the integrity of dApps across over 40 blockchains via WalletConnect, Fireblocks' browser extension, and MetaMask Institutional.&nbsp; 
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    <a href="https://www.coindesk.com/business/2024/04/24/crypto-custody-firm-fireblocks-offers-defi-threat-detection-for-institutions/?utm_medium=referral&utm_source=rss&utm_campaign=headlines">
      Coindesk
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Enterprise Blockchain Solutions

PROMINENT_CATEGORY

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 <p>Blockchain infrastructure and security firm, Fireblocks, unveils two new products, "dApp Protection" and "Transaction Simulation". These are designed to help institutional DeFi users safeguard against security risks.</p>
 <p>With these solutions, users can spot risky smart contracts, phishing websites, and compromised decentralized applications (dApps) by looking for suspicious activities such as deceitful URLs, hazardous Javascript elements, and untrustworthy registrars. Furthermore, users can verify the integrity of dApps across more than 40 blockchains via WalletConnect, Fireblocks' browser extension, and MetaMask Institutional.&nbsp;</p>
 
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Fireblocks launches new security tools for institutional DeFi users

INCUMBENTS_PRESENT

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 <p>Ernst and Young (EY) has launched EY OpsChain Contract Manager (OCM), a solution using blockchain technology to improve contract management processes. This was announced at the EY global blockchain summit. The OCM will allow business partners to synchronize data across existing enterprise systems using a standardized application programming interface (API). It will also enforce important contract terms like standardized pricing, volume discounts, rebates, and strike prices.&nbsp;</p>
 <p>This solution will function on the Ethereum public blockchain and use zero-knowledge circuits (ZKC) to maintain enterprise privacy. EY stated that using a public blockchain will be more economical and fair, ensuring no participant gains an unfair advantage.</p>
  
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Ernst and Young launches new blockchain-based contract management solution

ANALYST_QUICK_TAKE

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 <p>Decentralized physical infrastructure network (DePIN) solutions provider Uplink has raised $10 million in investment from a funding round led by Framework Ventures. The company plans to introduce its native token within the year.</p>

<p>Uplink operates a blockchain-based platform that utilizes new and existing wireless infrastructure networks to provide internet and networking services to individual users and enterprises. Users have the opportunity to incorporate their current infrastructure into the Uplink network or to install compatible hardware for their businesses. Users who participate in the network and contribute to it can earn the platform’s native tokens as a reward.&nbsp;</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> The DePIN space has seen a recent influx in fresh funding with startups like <a href="https:<br>
//sp-edge.com/companies/622489"> IoTeX </a> and <a href="https:<br>
//sp-edge.com/companies/1092307"> Peaq </a> , raising <a href="https:<br>
//sp-edge.com/updates/28177"> USD 50 million </a> and <a href="https:<br>
//sp-edge.com/updates/27962"> USD 15 million </a> , respectively, within the last three weeks. While Uplink broadly operates within the same category, it aims to differentiate itself via its network of ecosystem partners which include large telecom companies such as Ericsson, Deutsche Telekom, and E.ON.&nbsp;</p>

Uplink raises USD 10 million in new funding

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 <p>Decentralized data warehouse platform, Space and Time, has expanded its partnership with Sui, a layer-1 blockchain developed by Mysten Labs and the Sui Foundation, to improve data accessibility in the Sui ecosystem.</p>
 <p>The collaboration is set to primarily integrate the newly upgraded RPC 2.0 service of Sui, using GraphQL, with the existing data management solution of Space and Time. This will enable developers to index data from the Sui blockchain in real time. It allows users to connect and synchronize on-chain data for decentralized applications, zero-knowledge proofs, and advanced analytics.</p>
 
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Space and Time partners with Sui for enhanced blockchain data integration

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<p>Web3Firewall, a firm offering blockchain security and compliance solutions, has managed to raise USD 2.5 million in a pre-seed funding round. The round had investment from Laser Digital, gumi Cryptos Capital (gCC), and SPEILLLP. </p>
<p>Plans for the funding include completing the beta testing phase of its flagship platform. Upon successful completion, the company plans to launch the platform publicly in Q2 2024.</p>
<p>The platform that Web3Firewall offers employs AI to enable users in predicting and preventing any fraudulent and illicit transactions before they occur. It serves as a no-code workflow engine letting users create and roll out compliance policies and automate processes accordingly. It includes a range of pre-built risk categories and compliance frameworks which aid users in simulating transaction behaviors. The platform also supports data protection through AI-powered encryption.</p>
 
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Web3Firewall raises USD 2.5 million in pre-seed funding

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 <p>IoTeX, a company providing blockchain-based IoT solutions, has raised USD 50 million from several investors including SNZ Capital, Foresight Ventures, Borderless Capital, Amber Group, FutureMoneyGroup, and Metrics Ventures. </p>
 <p>The funds will be used for various initiatives such as long-term IOTX staking, supporting decentralized physical infrastructure (DePIN) projects via IoTeX, supporting the IoTeX Foundation, and the DePINsurf accelerator fund. The overall aim is to promote the adoption of DePIN technology. </p>
 <p>IoTex provides a layer-1 blockchain infrastructure for users to build and implement decentralized physical infrastructure networks (DePINS). These networks can be customized using modular blocks and can utilize data from IoT devices to create smart contracts and decentralized applications.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> This news makes IoTeX the second company in the DePIN space to receive funding during the past month alongside <a href="https:<br>
//sp-edge.com/companies/1092307"> Peaq </a> , which raised <a href="https:<br>
//sp-edge.com/updates/27962"> USD 15 million </a> . Moreover, IoTeX has also been steadily ramping up its activity in the space, recently entering a <a href="https:<br>
//sp-edge.com/updates/28014"> partnership with Dell EMC </a> , to develop blockchain-based solutions that integrate IoT devices with AI. The company aims to differentiate itself by enabling users to stream and compute off-chain data from physical devices to applications built on various blockchains, including Ethereum, Solana, Polygon, Arbitrum, and Optimism.</p>

IoTeX raises USD 50 million in venture funding

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<p>IoTex, a company specialising in blockchain-supported IoT solutions, has teamed up with EMC, a subsidiary of Dell focusing on IT infrastructure. The aim behind this collaboration is the development of blockchain-integrated solutions that can connect IoT devices with Artificial Intelligence (AI).</p>
<p>The exact implications of this partnership were not revealed fully. However, it was reported that a unified goal is to merge their knowledge in the sector of decentralized physical infrastructure networks, or DePIN, with data infrastructure. This will be used to create decentralized AI (DeAI) networks that can communicate with IoT devices.</p>

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IoTeX partners with EMC to develop decentralized AI solutions

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 <p>Blockchain-based IoT solutions provider, Peaq, has raised $15 million in new funding from Generative Ventures, Borderless Capital, Spartan Group, CMCC Global, and Animoca Brands, bringing its total funding to $21 million.</p>
 <p>The funding will be used to grow its ecosystem of 20 decentralized physical infrastructure (DePIN) networks and to develop its modular DePIN Functions and software development kit. Furthermore, Peaq intends to launch its mainnet and list its PEAQ token soon.</p> 
 <p>Peaq offers layer-1 blockchain infrastructure for businesses to build and deploy decentralized applications and physical infrastructure networks. It allows users to tokenize hardware such as machines, vehicles, and devices for various uses including machine IDs, access control, payments, and data storage. Pre-built network functions and a software development kit are provided to users, allowing them to deploy applications without the need for their own equipment.</p>

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Peaq raises USD 15 million in funding

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<p>Space and Time, an innovative data warehouse platform that operates through decentralization, has recently teamed up with Matter Labs. Matter Labs is known for developing the zkSync scaling solution for Ethereum. Between them, they are aiming to launch the platform's network using a zkSync hyperchain.</p>
<p>In order to enable secure data management for elements such as smart contracts, LLMs, and enterprise applications, Space and Time will launch the network as a zero-knowledge proof (ZKP) verifiable compute layer (VCL).</p>
<p>Adding to these plans, Space and Time intends to give zkSync users the ability to harness its unique Proof of SQL solution. This move is noteworthy because it could potentially make zkSync the first SQL-compatible smart contract platform.</p>
</div>

Space and Time partners with Matter Labs to launch network on zkSync hyperchain

<div>
 
 <p>Clique, a blockchain infrastructure platform, has acquired $8 million in Series A funding from several contributors including Polychain Capital. This investment round increases the company's total funding to $8 million.</p>
 <p>The company provides an identity oracle protocol, delivering various encryption and computer solutions for on-chain and off-chain applications. Their platform leverages technologies such as zero-knowledge proofs (ZKP), trusted execution environments (TEE), and AI-based computing which can be tailored to each application's specific needs.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> Clique offers a similar solution to <a href="https:<br>
//sp-edge.com/companies/1047913"> Zama </a> , a blockchain data encryption company, that <a href="https:<br>
//sp-edge.com/updates/27399"> raised USD 73 million </a> in Series A funding last week. While Clique is comparatively much smaller in terms of funding, it aims to differentiate itself by offering a broader range of solutions which includes verifiable compute services on top of on-chain data, oracles for bringing in data from any internet data source, and specialized hardware for privacy, AI, and secure computation.</p>

All Updates