Protocol Village's Metagood Raises $5M Behind OnChainMonkey NFTs

• Metagood's Finishing of Initial Funding Round
• Provenance Blockchain Foundation Launches 'Hold Module'
• LayerZero's Interchain Messaging Protocol Launches ‘V2' on Testnet
• AVA Labs's Core wallet Becomes 'Seedless'
• EOS Ecosystem Acquires 'EOS Stable Coin Chain'
• Launch of DePIN Accelerator by FutureMoney Group in Partnership with the IoTeX Foundation
• Launch of Layer 2 Network by Cronos, Crypto.com Partner with Matter Labs
• Ethereum's Buterin Considers Transferring Some Layer 2 Functions Back to Main Chain
• Immutable's zkEVM Allows Developers to 'Abstract' Transaction Fees
• Kinetic Launches on Flare with Rome Blockchain Labs
• NOTE: An earlier version of this article stated that the LayerZero V2 project had launched a test network, but it was launched on the testnet. According to the team, V2 ​​was launched on more than 40 testnets.

Metagood's Finishing of Initial Funding Round

Metagood, a firm dealing in blockchain technology and digital assets, known for launching the innovative OnChainMonkey NFTs and the Osura market, has now completed an initial funding round, amounting to US$ 5 million. Spearheaded by Sora Ventures, ACTAI Ventures, Bitcoin$42,260 -0.64% Frontier Fund, Bitcoin Magazine Fund, London Real Ventures, and Peach.xyz have also contributed. The newly obtained funds shall be directed towards the development of new products and technologies, as well as marketing for Osura. This is also expected to stimulate collaborations with artists.

Provenance Blockchain Foundation Launches 'Hold Module'

The Provenance Blockchain Foundation has released the Hold Module, a major shift in finance transactions and the functionality of smart contracts. It aims to minimize costs, steps, and counterparty risks for parties involved in a transaction. This will alleviate numerous risks and bottlenecks typically associated with smart contracts.

LayerZero's Interchain Messaging Protocol Launches ‘V2' on Testnet

LayerZero Labs, a blockchain developer, has released the V2 upgrade for LayerZero. This protocol for inter-blockchain message transfer is expected to enhance customization capabilities for dApps' security and the execution of transactions, as well as making the protocol easier to develop in general.

AVA Labs's Core wallet Becomes 'Seedless'

AVA Labs, the team behind the Avalanche blockchain, announced that the Core wallet becomes seedless to accelerate Web3 adoption while preserving self-custody and high security. This is not the usual seedless experience based on Account Abstraction. Core introduces a novel seed abstraction allowing people to use seeds generated by Core across multiple blockchains.

EOS Ecosystem Acquires 'EOS Stable Coin Chain'

EOS$0.852 -2.05% Labs and EOS Network Foundation, supporting the EOS blockchain, will be partnering with EOS Stable Coin Chain (ESCC) to transform the EOS ecosystem. Features include ESCC integration, transaction efficiency, financial innovation, blockchain solutions, and EOS-Ethereum$2,315 -2.42% compatibility.

Launch of DePIN Accelerator by FutureMoney Group in Partnership with the IoTeX Foundation

FutureMoney Group, a Web3 investment company, in association with the IoTeX$0.050 0.01% Foundation, has launched a $5 million Decentralized Physical Infrastructure Network (DePIN) accelerator program. The accelerator program focuses on startup innovations aiming to unlock the potential of $2.2 trillion in DePIN, AI, and real-world value in Web3.

Launch of Layer 2 Network by Cronos, Crypto.com Partner with Matter Labs

Cronos$0.099 -0.71% Labs, the development team behind the Cronos blockchain, announced the launch of a new layer 2 network. The new Cronos zkEVM chain is initially being launched as a test network, based on Matter Labs' software tools.

Ethereum's Buterin Considers Transferring Some Layer 2 Functions Back to Main Chain

Ethereum co-founder Vitalik Buterin, who has been advocating for moving more computational load of the blockchain to associated networks known as layer 2 networks or rollups, has just outlined a plan to bring some of these functions back to the main chain.

Immutable's zkEVM Allows Developers to 'Abstract' Transaction Fees

Immutable, a gaming company, announced that Immutable zkEVM, a next-generation zero-knowledge proof (ZK) scaling platform developed in collaboration with Polygon$0.967 -3.65% Labs, will allow developers to fully abstract transaction fees for seamless integration and improved user experience.

Kinetic Launches on Flare with Rome Blockchain Labs

Kinetic (VC) is launching its platform on the Flare network with the support of Rome Blockchain Labs (RBL). This partnership will enhance the defi ecosystem within Flare and Kinetic, including liquidity provisioning, lending/borrowing, and FAssets (bridge crypto assets).

NOTE: An earlier version of this article stated that the LayerZero V2 project had launched a test network, but it was launched on the testnet. According to the team, V2 ​​was launched on more than 40 testnets.

Edited by Jonathan Stoker