PrimeDAO raises $2M in DeFi funds to help DAOs
PrimeDAO has received $2 million in startup funding to help decentralized autonomous organizations (DAOs) in the DeFi industry coordinate and cooperate more effectively. The round included major DeFi investment groups such as Signum Capital, LD Capital, and Stacker Ventures, according to a release shared with Cointelegraph. The funding will be used to create PrimeDAO’s “DAO2DAO” […]
Indian Institute of Technology joins Hedera governing council
The Hedera Hashgraph council for decentralized governance has welcomed the Indian Institute of Technology Madras (IITM). The Institute will test use cases around the Hedera Token Service, a public blockchain for payments. IITM is one of India’s top technical ed ucation institutes, and it is under the direct supervision of the Ministry of Education. IITM […]
DeFi Land raises $4.1M to develop its new DeFi game on Solana
DeFi Land, a blockchain gamification platform, has raised $4.1 million in funding to develop a new decentralized finance game on Solana. DeFi Land is a simulation game for agriculture that gamifies the facets of decentralized finance. The purpose is to develop educational resources for anyone who wants to learn more about DeFi or other alternative […]
Balancer DeFi Protocol integrates with WallStreetBets Crypto App
WallStreetBets crypto app (WSBDApp’s) has partnerned with Balancer DeFi Protocol to bridge the gap between traditional and DeFi investing. Balancer, a popular automated market maker, has announced a strategic agreement with WSBDApp, the WallStreetBets subreddit’s original founders’ blockchain-based trading platform. WSBDApp’s decentralized exchange-traded portfolios (ETPs) will be offered on Balancer V2 as part of the […]
Chainalysis report shows that institutional investors dominated the DeFi scene in Q2
Retail actors alone do not dominate the decentralized finance (DeFi) system any longer, institutional investors are also delving into the market according to Chainalysis’ Q2 report. Institutional investors played a big influence in De adoption in Q2 2021, according to blockchain research firm Chainalysis. Chainalysis noted in its soon-to-be-released “Global DeFi Adoption Index” report: “Large […]