Metagood Raises $5M Funding Round Behind NFT OnChainMonkey

• Metagood Secures $5 Million Funding for Blockchain Tech Development
• Provenance Blockchain Foundation Launches 'Hold Module'
• LayerZero Introduces 'V2' on Testnet
• AVA Labs' Core Wallet Becomes 'Seedless'
• EOS Ecosystem Introduces 'EOS Stable Coin Chain'
• FutureMoney Group Launches $5 Million DePIN Accelerator with IoTeX Foundation
• Cronos Launches Layer 2 Network with Matter Labs
• Ethereum's Buterin Proposes Moving Some Layer 2 Functions Back to Main Chain
• Immutable's zkEVM to Enable Developers to 'Eliminate' Transaction Fees
• Kinetic Launches on Flare Network with Rome Blockchain Labs

Metagood Secures $5 Million Funding for Blockchain Tech Development

Today, Metagood, a leading blockchain technology and digital assets company, announced the successful completion of a $5 million series startup funding round. Sora Ventures led the round, with notable participation from ACTAI Ventures, Bitcoin$42,260 -0.64% Frontier Fund, Bitcoin Magazine Fund, London Real Ventures, and Peach.xyz. The fresh capital will be invested in the development and marketing of new technologies and products on Osura, and will propel partnerships with artists.

Provenance Blockchain Foundation Launches 'Hold Module'

The Provenance Blockchain Foundation has revealed the launch of the Hold module, a significant shift in how financial transactions and smart contracts operate regarding counterparties. This initiative aims to minimize costs, steps, and counterparty risks for those involved in transactions, effectively mitigating several risks and bottlenecks typically associated with smart contracts.

LayerZero Introduces 'V2' on Testnet

Leading blockchain developer, LayerZero Labs, launched its 'V2' upgrade, a protocol allowing messages to be sent between blockchains, on testnet. The V2 upgrade includes enhanced customization capabilities for dApp security, order application, and transaction execution, making the protocol more developer-friendly.

AVA Labs' Core Wallet Becomes 'Seedless'

AVA Labs, the development team behind the Avalanche blockchain, has announced that its Core Wallet has become seedless to expedite Web3 adoption while maintaining high security. This feature allows users to use seeds generated by Core across various blockchains, without the complexities of multiple contracts or cross-chain problems.

EOS Ecosystem Introduces 'EOS Stable Coin Chain'

EOS$0.852 -2.05% Labs and EOS Network Foundation, both supporters of the EOS blockchain, will partner with the EOS Stable Coin Chain (ESCC) to overhaul the EOS ecosystem. This includes ultra-fast transaction processing, low costs, high throughput, and guaranteeing predictability and ease-of-use with stablecoins for gas fees.

FutureMoney Group Launches $5 Million DePIN Accelerator with IoTeX Foundation

FutureMoney Group, a Web3 investment company, has launched a $5 million decentralized physical infrastructure network (DePIN) accelerator program in collaboration with the IoTeX$0.050 0.01% Foundation. The acceleration program focuses on innovations from startups seeking to unlock the potential of $2.2 trillion of DePIN, AI, and real-world Web3 value.

Cronos Launches Layer 2 Network with Matter Labs

Cronos$0.099 -0.71% Labs, the developer behind the Cronos blockchain, announced the launch of a new layer 2 network, joining the growing ranks of second-tier projects opting to build auxiliary networks within the Ethereum$2,315 -2.42% ecosystem. The new ‘Cronos zkEVM' chain is initially launching as a test network, based on software tools from Matter Labs.

Ethereum's Buterin Proposes Moving Some Layer 2 Functions Back to Main Chain

Vitalik Buterin, Ethereum's co-founder, has proposed a plan to take back some of the blockchain's computing functions onto the main chain. His idea of a dedicated zkEVM could prove disruptive as substantial layer 2 projects have heavily invested in realizing the previous roadmap.

Immutable's zkEVM to Enable Developers to 'Eliminate' Transaction Fees

Immutable, a gaming company, announced that their Immutable zkEVM, a next-generation scaling platform developed in collaboration with Polygon$0.967 -3.65% Labs will allow developers to entirely abstract transaction fees for frictionless integration and improved user experience.

Kinetic Launches on Flare Network with Rome Blockchain Labs

Kinetic (VC) is launching its platform on the Flare Network with support from Rome Blockchain Labs (RBL). This partnership will boost the DeFi ecosystem within Flare and Kinetic, including liquidity provision, lending/borrowing, and bridging cryptographic assets.

Note: An earlier version of this article mentioned that LayerZero had launched a test network with its V2 upgrade. The V2 upgrade was launched on various testnets, not a specific LayerZero test network.

Edited by Jonathan Stoker