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      <p>
        Studio369, the game development company behind blockchain-powered multiplayer shooter MetalCore, has collaborated with Mon Protocol, a publisher of blockchain-native IPs and games such as Pixelmon, to combine their respective player communities.
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    </li>
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      <p>
        MetalCore will be provided to the 1.1 million Pixelmon players as part of the collaboration. Players can complete special quests in MetalCore to earn $MON Tokens, which can be used to trade digital in-game assets and participate in the Mon Protocol's governance.
      </p>
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      <p>
        In the future, players can swap Mission Points for $MON Tokens and use them to purchase various digital collectibles in the MON universe, including Pixelmon gaming IP.&nbsp;
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      <p>
        Since Pixelmon&rsquo;s debut in early February, over 1.1 million users have joined the Mission Platform, with 600,000+ registering for in-game wallets. However, MetalCore is still in closed beta.
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  <p>
    <a href="https://www.coindesk.com/tech/2024/04/25/movement-labs-raises-38m-for-rollup-based-on-facebooks-move-language/">
      CoinDesk
    </a>
  </p>
  <p>
    <a href="https://venturebeat.com/games/movement-labs-raises-38m-to-bring-facebooks-move-virtual-machine-to-ethereum/">
      VentureBeat
    </a>
  </p>
  <p>
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Web3 Ecosystem

PROMINENT_CATEGORY

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<p>Game development company, Studio369, known for its blockchain-powered multiplayer shooter game, MetalCore, has entered into a partnership with Mon Protocol, a publisher of blockchain-native games such as Pixelmon. The collaboration is aimed at merging their respective communities of players.</p>

<p>As part of this collaboration, MetalCore will be made available to Pixelmon's 1.1 million players. These players will now have the opportunity to complete special quests in MetalCore to earn $MON Tokens. These tokens can then be used for trading digital in-game assets and for participating in Mon Protocol's governance.</p>

<p>Looking ahead, players will be able to exchange Mission Points for $MON Tokens, which can be used to buy a range of digital collectibles in the MON universe, including those related to the Pixelmon gaming IP.</p>

<p>Since its launch in early February, Pixelmon has drawn in over 1.1 million users to the Mission Platform, with over 600,000 registering for in-game wallets. However, MetalCore is still in the closed beta phase.</p>

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Studio369 and Mon Protocol form collaboration to combine player communities

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<p>Movement Labs, a company that develops a network of modular Move-based blockchains, has successfully raised USD 38 million in a Series A funding round. The round was led by Polychain Capital and had participation from other firms such as Hack VC, Placeholder, Archetype, Maven 11, and Robot Ventures, among others. This investment has brought the total funds raised by Movement Labs to USD 41.4 million.</p>

<p>The main goal of this funding round is to strengthen the company's mission of integrating Facebook's Move Virtual Machine (MVM) into the Ethereum network. This integration is expected to solve smart contract vulnerabilities and enhance transaction throughput.</p>

<p>Movement Labs, established in 2023, is dedicated to constructing a network of Move-based blockchains. The company's Movement SDK promotes horizontal interoperability by introducing a high-throughput, modular MVM that can integrate smoothly into any blockchain network.</p>

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Movement Labs raises USD 38 million in Series A funding

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 <p>Tevaera, an end-to-end gaming ecosystem provider, recently secured USD 5 million in funding. The investment round was spearheaded by Laser Digital and Nomura Group, and included contributors like Hashkey Capital, Fenbushi Capital, and Matter Labs. </p>
 <p>These newly acquired funds will be channeled towards enhancing its gaming platform that utilizes zkSync’s ZK Stack technology. </p>
 <p>Established in 2021, Tevaera provides a gaming stack that enables developers to create and launch Web3 games on the zkStack gaming chain. Importantly, the platform is integrated with zkSync Era as well as other zkStack-based hyperchains to promote the easy transition of users, funds, and developers. </p>
 
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Tevaera raises USD 5 million in funding for product development

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 <p>Blockchain interoperability developer, Union Labs, has formed a partnership with Polygon for integrating its solutions with Polygon's AggLayer. This integration is expected to boost liquidity between AggLayer-connected chains and IBC-enabled chains, thus creating a process which is trustless, efficient, and has low latency.</p>
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Union Labs plans to integrate with AggLayer for blockchain interoperability and liquidity sharing

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 <p>Zeko Labs, a US-based blockchain development firm specializing in zero-knowledge proofs, has secured USD 3 million in a pre-seed funding round. The round was led by UOB Venture Management, Signum Capital, and YBB Capital, with contributions from Autonomy Capital and Cogitent Ventures among others. </p>
 <p>The new injection of funds will facilitate the expansion of Zeko's team and speed up the company's product development. In addition, Zeko plans to widen their developer community and forge strategic partnerships within both the blockchain and conventional software sectors.</p>
 <p>Zeko Labs delivers decentralized software and financial solutions driven by zero-knowledge technology. The company aims to revolutionize diverse global sectors, including finance and AI.</p>
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Zeko Labs raises USD 3 million in pre-seed funding for recruitment and product development

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 <p>Sui, a blockchain developed by Mysten Labs and the Sui Foundation, has partnered with BytePlus, an affiliate of TikTok's parent company ByteDance. The partnership aims to explore AI and Web3 gaming projects on Sui's blockchain.</p>
 <p>BytePlus and Mysten Labs will work together to focus on methods for improving Sui community development, hackathons, and educational programs.</p>
 <p>Moreover, developers on Sui will have access to several services provided by BytePlus. These services include a content distribution network, personalization solutions, and user engagement tools that use AR technology and data analysis for creating dApps.</p>
 
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Sui and BytePlus partner to explore AI and Web3 gaming opportunities

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 <p>Offchain Labs, a company focusing on Ethereum-based solutions, has launched a new product on testnet named Bounded Liquidity Delay (BOLD). Designed for optimistic rollups, this dispute protocol enables permissionless validation on Arbitrum chains, another product from Offchain Labs. </p>
 <p>Arbitrum BOLD was first introduced in <a href="https://sp-edge.com/updates/20664"> August 2023 </a> . It allows users to operate validator nodes and contribute to the overall consensus of the network. One of its main benefits is the protection it provides against delay attacks, ensuring that there is a fixed upper limit on state confirmations on Ethereum. </p>
 <p>The company argues that Arbitrum BOLD enables a single entity to combat multiple opponents, thus furthering the cause of decentralization.</p>
 
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Offchain Labs launches Arbitrum BOLD on testnet for enhanced validation

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 <p>Web3-based game developer Avalon has secured USD 10 million in a funding round. The round was co-led by Bitkraft Ventures and Hashed, with additional participation from Coinbase Ventures, Spartan Capital, Foresight Ventures, LiquidX, and Momentum6. This bring Avalon's total funds raised to USD 23 million until now.</p>
 <p>The newly obtained funding will be channeled towards the development of a next-generation multiplayer online (MMO) game, named Avalon, for PC and cloud streaming platforms.</p>
 <p>Established in 2021, Avalon is in the process of creating an online game featuring interoperable game assets and progression between various gaming worlds. The company aspires to roll out a closed early access version of the game and an NFT collection featuring AI-assisted avatars, by the end of the current year.</p>
 
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Avalon raises USD 10 million in venture funding for product development

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 <p>Berachain, a blockchain developer, recently raised USD 100 million in a Series B funding round. The round was led by Framework Ventures and Brevan Howard Digital's Abu Dhabi arm, with additional investments from Polychain Capital and Hack VC, among others.</p>
 <p>The funding will be deployed towards the company's expansion strategies, targeting regions such as Hong Kong, Singapore, Southeast Asia, Latin America, and Africa.</p>
 <p>Established in 2021, Berachain is a modular Layer 1 blockchain utilizing a proof-of-liquidity consensus mechanism for verifying on-chain liquidity. The firm strives to balance network incentives and foster synergy between its validators and projects. It has recently revealed that its testnet processed over 100 million transactions.</p>
 
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Berachain raises USD 100 million in Series B funding for expansion

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 <p>Tomo, a Web3-based social media platform, has recently raised 3.5 million in USD during a seed funding round. Notable contributors to this round include Polychain Capital, Consensys, Symbolic Capital, OKX Ventures, Nomad Capital, Story Protocol, and KuCoin Ventures.</p>
 <p>Apart from raising funds, Tomo also introduced its new feature TomoID. This inventive social wallet empowers creators to monetize their social media influence. It has also introduced a "link-in-bio" feature, offering referral and direct monetization capabilities.</p>
 <p>In addition to these features, Tomo is also enhancing its Tomo Points rewards system. Designed to encourage increased interaction between creators and their audience, plans are in motion to improve this system in the coming weeks.</p>
 <p>US-based Tomo is more than just a Web3 social platform, it also provides a unique service named Tomoji. This feature enables users to design and trade Tomojis - a form of NFTs. Interestingly, it also permits fractional ownership of these NFTs.</p>
 
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All Updates