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Namada Introduces New Incentivized Testnet Offering 3% of Total Supply as Rewards

On December 15th, Namada, a multi-chain privacy Layer 1, made a significant announcement regarding the introduction of an incentivized testnet. This testnet will be offering 3% of its total supply as rewards to participants. The team also mentioned a unique “asteroid mining race” that will allow participants to accumulate ROIDs and win part of 30 million NAM tokens. If you are interested in learning more about this announcement, you can read a detailed blog post provided by the team.

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Metagood Raises $5M Seed Round for OnChainMonkey NFTs and Osura Marketplace

Metagood, a prominent blockchain technology and digital assets company, recently announced the successful completion of a $5 million series seed funding round. This news came exclusively from the Protocol Village and was led by Sora Ventures, with participation from ACTAI Ventures, Bitcoin Frontier Fund, Bitcoin Magazine Fund, London Real Ventures, and Peach.xyz. The funds will be utilized to finance new technology and product developments, marketing on Osura, and the formation of strategic partnerships with artists.

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Provenance Blockchain Foundation Launches ‘Hold Module’ to Improve Smart-Contract Transactions

Provenance Blockchain Foundation recently made an announcement regarding the launch of the Hold Module, which is expected to bring about significant changes in how financial transactions and smart contracts function in relation to counterparties. According to the team, the Hold Module has been designed to reduce costs, streamline transaction steps, and minimize counterparty risks. This innovative module is anticipated to eliminate several risks and bottlenecks commonly associated with smart contracts.

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LayerZero Introduces ‘V2’ Protocol Upgrade on Testnet for Cross-Chain Messaging

LayerZero Labs, a prominent blockchain developer, recently launched its “V2” upgrade for LayerZero, a protocol designed to facilitate message transfer between blockchains. This upgrade is currently available on testnet and comes with a range of enhanced features. V2 offers increased customization capabilities for dApp security, an easier development process, and improved transaction execution. Furthermore, it introduces modular security, lazy nonce-order enforcement, a permissionless “executor,” and unified semantics to enable consistent application development across all supported blockchains.

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Bitcoin Rewards App Lolli Raises $8M Series B Led by Bitkraft

Lolli, a popular bitcoin rewards app, recently secured an $8 million Series B funding round led by Bitkraft Ventures. This funding round also saw the participation of notable investors, including Serena Ventures, Alexis Ohanian’s Seven Seven Six, Ulta Beauty’s Prisma Ventures, Michelle Phan, and Logan Paul. The raised capital will be utilized to support the company’s expansion plans, particularly in bringing Lolli’s patented multi-currency rewards offering to enterprise partners such as exchanges, neobanks, banks, payment companies, and browsers.

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Ava Labs’ Innovative ‘Seedless’ Core Wallet Accelerates Web3 Adoption

Ava Labs, the developer team behind the Avalanche blockchain, recently unveiled an innovative “seedless” core wallet. This new development is expected to accelerate Web3 adoption while preserving self-custody and high security. Unlike traditional account abstraction-based seedless experiences, Core introduces an innovative Seed Abstraction that allows users to utilize a Core-generated seed across various blockchains, from Bitcoin to EVMs, without the complexities of multiple contracts or cross-chain issues.

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EOS Ecosystem Implements ‘EOS Stable Coin Chain’ to Enhance Transaction Efficiency

The EOS ecosystem recently integrated the EOS Stable Coin Chain (ESCC), which has been deployed on EOS with a customized EVM architecture. This integration is intended to enhance stablecoin transactions through lightning-fast processing, low costs, high throughput, and financial innovation. ESCC caters to diverse stablecoin needs, from DeFi to regulated systems, and its EOS EVM integration allows for seamless migration of Ethereum-based apps to EOS.

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