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Tag: 20m

Ethereum Rises as $20M in Short Positions Are Liquidated

Ethereum Rises as $20M in Short Positions Are Liquidated

The Exciting World of Ethereum and the Anticipation of ETFs Diving into the realm of cryptocurrencies, we find Ethereum, a leading contender in the blockchain arena, riding a wave of optimism and financial upswings In the most recent turn of events, Ethereum has seen a notable increase of 3 2% in its trading price, showcasing a thrilling dance of digits that peaked at an intraday high of $3,514 Currently, it enjoys a trading flurry at around $3,488, sparking attention across the globe The interesting twist to this tale involves derivative traders and their dance with market volatility...

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Vitalik Buterin and Dragonfly Back MegaLabs in $20M Funding Round

Vitalik Buterin and Dragonfly Back MegaLabs in $20M Funding Round

The Dawn of a New Era in Blockchain Technology: MegaETH Imagine a world where transactions are not only secure but also lightning-fast, capable of keeping pace with the escalating demands of users worldwide This isn't just a pipe dream anymore, thanks to the pioneering efforts of a leading Web3 developer Recently, they've made headlines by completing a significant seed funding round, powering their vision to revolutionize the blockchain space with an Ethereum scaling protocol, named MegaETH, that promises unmatched performance and scalability A New Frontier for Blockchain Efficiency With an impressive $20 million in seed funding led by the influential Dragonfly, along with contributions from a consortium of venture capitals such as Figment Capital, Folius Ventures, and others, this initiative is poised for a groundbreaking leap The engagement of angel investors like Ethereum co-founder Vitalik Buterin underscores the transformative potential of MegaETH in enhancing blockchain capabilities...

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Ora Secures $20M for AI Oracle on Blockchain, Backed by Polychain, HF0, Hashkey

Ora Secures $20M for AI Oracle on Blockchain, Backed by Polychain, HF0, Hashkey

Revolutionizing AI and Blockchain Integration: A Closer Look at Ora Protocol's Latest Advancements In an era where technology continuously reshapes our world, the integration of artificial intelligence (AI) with blockchain technology has become the next frontier for developers and tech enthusiasts Among the trailblazers in this domain, Ora Protocol has emerged as a key player with its groundbreaking approaches to decentralization and AI The Beacon of Trust in Decentralized Applications Ora Protocol has introduced what it calls a "verifiable oracle protocol", which stands as a pillar for building decentralized applications (dApps) that are not only trustless from end-to-end but also harness the power of artificial intelligence This initiative is not just about creating a new wave of applications; it's about instilling trust and transparency within the ecosystem where AI and blockchain merge Through their pioneering efforts, developers now have the toolkit to build dApps that go beyond the conventional, exploring new horizons where AI can play a central role...

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Netmarble’s Marblex Moves to Ethereum L2 With $20M Fund on Immutable zkEVM

Netmarble’s Marblex Moves to Ethereum L2 With $20M Fund on Immutable zkEVM

The Next Big Leap in Blockchain Gaming: A Groundbreaking Collaboration In the groundbreaking realm of blockchain gaming, a phenomenal partnership has emerged, poised to redefine the landscape Immutable, a prominent Ethereum gaming platform, alongside Marblex – the blockchain gaming powerhouse affiliated with South Korea's gaming juggernaut, Netmarble – has unveiled an alliance that is set to significantly enhance the blockchain gaming experience A Revolutionary Migration This trailblazing union aims to transition Marblex's ecosystem and premier games onto Immutable zkEVM, a cutting-edge layer-2 Ethereum network powered by Polygon's highly acclaimed zkEVM scaling technology Renowned titles such as 'Ni no Kuni: Cross Worlds,' 'A3: Still Alive,' and 'Meta World: My City' are poised to leap from the Klaytn blockchain to the more robust and scalable environment offered by Immutable zkEVM Catalyzing Development with the Ecosystem Boost Program Forging this alliance also heralds the launch of an "Ecosystem Boost Program...

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The Sandbox Raises $20M at $1B Valuation

The Sandbox Raises $20M at $1B Valuation

Fueling the Digital Frontier: A $20 Million Leap In the rapidly evolving digital cosmos known as the metaverse, one platform is making its indelible mark, thanks to a seamless fusion of creativity, technology, and community The Sandbox, a trailblazer in user-generated content (UGC) within the metaverse, has recently announced a monumental financial boost With a formidable $20 million secured through convertible promissory notes, the platform's trajectory is firmly set towards expansive growth—a recognition mirrored by a staggering $1 billion valuation cap At the heart of this infusion of capital is the platform's unwavering commitment to unlock the vast potential of web3 for everyone Sebastien Borget, the COO, and co-founder of The Sandbox, articulates a vision of building the most comprehensive and inclusive platform...

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