Metagood Raises $5M Seed Round for OnChainMonkey NFTs in Protocol Village

• Metagood Announces $5 Million Seed Funding Round
• Provenance Blockchain Foundation Launches Hold Module
• LayerZero Launches V2 on Testnet
• AVA Labs' Core Wallet Becomes Seedless
• EOS Ecosystem Receives EOS Stable Coin Chain
• FutureMoney Group Launches $5M DePIN Accelerator with IoTeX Foundation
• Cronos, a Partner of Crypto.com, Launches Layer 2 Network with Matter Labs
• Ethereum's Buterin Considers Resuming Some Layer-2 Functions on the Main Chain
• Immutable's zkEVM to Allow Developers to Abstract Transaction Fees
• Kinetic Launches Flare with Rome Blockchain Labs

Metagood Announces $5 Million Seed Funding Round

Metagood, a blockchain technology and digital resources company known for launching the innovative NFT marketplaces OnChainMonkey and Osura, has announced the successful completion of a $5 million seed funding round. The round was led by Sora Ventures and saw participation from ACTAI Ventures, Bitcoin$42,260 -0.64% Frontier Fund, Bitcoin Magazine Fund, London Real Ventures, and Peach.xyz. This new funding will facilitate advancements in technology, product developments, and marketing on Osura, and will catalyze partnerships with artists.

Provenance Blockchain Foundation Launches Hold Module

The Provenance Blockchain Foundation recently announced the launch of its Hold Module, designed to reduce the risks associated with bottlenecks in smart contracts. It presents a significant shift in the functioning of financial transactions and smart contracts, serving to reduce the cost and risks for those involved in transactions.

LayerZero Launches V2 on Testnet

LayerZero Labs, a blockchain developer, has launched its V2 upgrade of LayerZero, a protocol for cross-chain messaging, on the testnet. This upgrade increases customization abilities for dApp security and the execution of transactions while simplifying overall development.

AVA Labs' Core Wallet Becomes Seedless

Avalanche's development team, AVA Labs, announced the Core Wallet's transition to a seedless interface. This change will accelerate Web3 adoption while maintaining strong security measures and self-custody.

EOS Ecosystem Receives EOS Stable Coin Chain

EOS$0.852 -2.05% Labs and the EOS Network Foundation, which back the EOS blockchain, are set to collaborate with EOS Stable Coin Chain (ESCC) to revolutionize EOS's ecosystem. Features of the partnership include rapid transaction processing, low costs, financial innovation, and EOS-Ethereum$2,315 -2.42% compatibility.

FutureMoney Group Launches $5M DePIN Accelerator with IoTeX Foundation

The FutureMoney Group, a Web3 investment company, has announced the launch of a $5 million acceleration program for the Decentralized Physical Infrastructure Network (DePIN), in collaboration with the IoTeX$0.050 0.01% Foundation.

Cronos, a Partner of Crypto.com, 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 an increasing number of second-layer projects choosing to build auxiliary networks within Ethereum's dominant ecosystem.

Ethereum's Buterin Considers Resuming Some Layer-2 Functions on the Main Chain

Ethereum co-founder Vitalik Buterin has proposed a plan to resume some of the Layer-2 functions on the main chain. Buterin's idea for a consecrated zkEVM might be disruptive, given that major Layer-2 projects have invested significantly in the previous roadmap.

Immutable's zkEVM to Allow Developers to Abstract Transaction Fees

Immutable, a gaming company, announced that their 'Immutable zkEVM,' a next-generation scaling platform developed in partnership with Polygon$0.967 -3.65% Labs, will enable developers to fully abstract transaction fees for frictionless onboarding and better user experience.

Kinetic Launches Flare with Rome Blockchain Labs

Kinetic is launching its platform on the Flare Network with the support of Rome Blockchain Labs (RBL). The partnership will enhance the decentralized finance ecosystem within Flare and Kinetic.

Edited by Jonathan Stoker