Neutron, a Cosmos based smart contract infrastructure company, successfully raise $10 million in Binance Labs led round. (22nd June 2023)
Neutron, a web3 startup focused on building a cross-chain smart contract platform on Cosmos, has raised $10 million in a funding round led by Binance Labs and CoinFund. The round also saw participation from Delphi Ventures, LongHash Ventures, Semantic Ventures, and Nomad Capital.
Neutron's smart contract platform is built on the Cosmos ecosystem and utilizes Cosmos' Replicated Security (RS) to provide developers with a secure and cost-effective environment for creating smart contracts and decentralized applications (DApps). The company's infrastructure and technology stack enable interoperability across more than 51 blockchain networks within the Cosmos ecosystem.
The newly raised funds will be used to accelerate the development of Neutron's decentralized finance (DeFi) infrastructure and tooling, as well as to drive the growth and expansion of the Neutron ecosystem.
Binance Chief Business Officer Yibo Ling expressed confidence in Neutron's engineering capabilities and tech stack, highlighting their innovative solution for essential infrastructure that can be utilized by a wide range of developers on the Cosmos Hub. Ling emphasized the importance of Neutron's technical advancements in contributing to the broader developer community.
The funding round follows Neutron's successful mainnet launch, which occurred last month after receiving approval from the Cosmos Hub community. The Replicated Security protocol is seen as a significant feature that will support ecosystem growth, as it enables developers to leverage Cosmos' security layer, opening up new possibilities for advanced development capabilities.
Avril Dutheil, Founding Contributor of Neutron, highlighted the company's mission to address the main challenges faced by smart contract developers in Cosmos, including security, credible neutrality, and access to cross-chain infrastructure. Dutheil emphasized that Replicated Security allowed Neutron to address the first two hurdles, while the company's cross-chain infrastructure enables smart contracts to easily achieve cross-chain functions through inter-blockchain communication (IBC).
Find out more here: https://neutron.org/
Keywords: #IBC
Vantient raises $4.45m in seed (20th June 2023)
Vantient is a Web3 customer relationship management service provider, which mainly provides on-chain and off-chain customer data aggregation and analysis services for enterprises and Web3 projects to support companies in acquiring, attracting and retaining their users. Vantient completed $3.45 million in financing, with Cercano Management, Saison Capital, and AC Ventures participating.
Find out more here: https://www.vantient.io/
Keywords: #Web3
Nerf IT raises $100k from StartersHub in Pre-seed (16th June 2023)
Nerf IT! is a platform enriched with crypto and NFTs, where you can participate in tournaments, education, and events within esports. With more than 400K users in 42 different countries with 135+ partners and brands, it secured $100k from StartersHub. Nerf IT! builds a bridge between Web2 and Web3.
Find out more here: https://nerfit.app/#
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