Protocol Village: Nomic DAO Foundation Bringing BTC to Ethereum, CARV Launches $50M Accelerator

Thursday, Sept. 12

Nomic DAO Foundation Launching Ethereum Support on Nomic's Decentralized Custody Engine for Bitcoin

The Nomic DAO Foundation announced the launch of Ethereum support on Nomic’s decentralized custody engine for Bitcoin. According to the team : "This will enable seamless BTC on-and-off-ramping into Ethereum, bringing Bitcoin to the largest ecosystem in DeFi. Starting with a testnet, Nomic will facilitate native Bitcoin deposits and withdrawals on Ethereum, without relying on centralized custodians. In addition to bringing Bitcoin into Ethereum through nBTC, this upgrade introduces a new framework for protocols to leverage Nomic’s decentralized custody engine to easily create BTC-backed assets at a lower cost."

Unstoppable, Radix Launch '.pw' Extension Offering Simple Wallet Addresses

Unstoppable Domains and Radix launched the ".pw" extension, serving as both a DNS and on-chain domain, according to the team: "It connects traditional Web and blockchain technology, offering simple wallet addresses for cryptocurrencies. This partnership merges Radix's domain expertise with Unstoppable's blockchain knowledge to give users more control over their digital identity, aiming to create a decentralized, user-friendly internet experience across all platforms."

CARV, Modular Identity and Data Layer for Gaming, AI, Launches $50M Accelerator

CARV , a modular identity and data layer optimized for gaming and AI, is launching a $50 million accelerator "to foster projects advancing the adoption of its decentralized data protocol, supported by blockchain VC funds like HashKey Capital and Consensys." According tothe team: "The accelerator will back startups building decentralized data infrastructure, offering funding, tokenomics advisory, marketing support and access to CARV’s network. Partners include MARBLEX, NEOWIZ, Solana and more. CARV aims to empower users to control and monetize their data, driving innovation in gaming and AI with a focus on modular, sustainable infrastructure."

NEAR Spinout Nuffle Plans 'Nuff Protocol' as Permissionless Platform for Multichain Restaking on EigenLayer

Nuffle , the blockchain modularity-focused project spun out of NEAR in June with $13 million of funding, "is taking EigenLayer multichain ," according to a message from the the project. The team behind NEAR DA (a data-availability solution) and the Nuffle Fast Finality Layer actively validated service (AVS) "are building the Nuff Protocol, a permissionless platform that enables AVSs to leverage cryptoeconomic security from any blockchain safely and natively while settling on the most vibrant restaking ecosystem, EigenLayer. For the first time, restakers will be given the ability to provide security and receive rewards directly from their native chains via the Nuff Protocol."

Fuse Raises $12M Strategic Round Led by Multicoin for Renewable Energy DePIN

Fuse , a fully-integrated renewable energy company, announced the completion of a $12 million strategic round led by Multicoin Capital, bringing the company’s total funding to date to $90 million. The company plans to use the funds to launch Project Zero , a renewable energy decentralised physical infrastructure network (DePIN), according to a press release: "As an integrated energy company, Fuse offers distributed energy resource (DER) installation, power trading, and electricity retail. The company currently manages 18 megawatts, with an additional 300 megawatts of renewable projects in the pipeline. Fuse Energy , a subsidiary of Fuse, is a vertically-integrated electricity retailer."

Wingbits, Stockholm-Based Flight-Tracking Protocol, Raises $3.5M in Seed Funding

Wingbits , a Stockholm-based protocol creating a DePIN flight-tracking network built on the Solana blockchain, said it has raised $3.5 million in seed funding, led by Borderless Capital and Tribe Capital, alongside Antler and angel investors. According to the team: "Wingbits rewards the quality of data captured by antennas maintained by amateurs and enthusiasts. Individuals are rewarded based on performance, coverage and uptime, and there are global leaderboards to compare the best performing antennas. At the end of 2023, 40 nodes were on the Wingbits platform. Now, there are close to 2,000 nodes."

Chaos Labs, On-Chain Risk Management Project, Releases Flagship Oracle Project 'Edge'

PROTOCOL VILLAGE EXCLUSIVE: Chaos Labs , a project for on-chain risk management, released its new flagship oracle product, Edge, with launch partner,Jupiter Exchange. According to the team: "Edge has already secured $30 billion in trading volume over the last two months, establishing Edge by Chaos as an immediate leader in the low-latency oracle category. In response to customer demand for a next-gen oracle solution, Chaos built Edge for any onchain application with a market. The unique protocol design blends market context and price data, reflecting Chaos' central thesis that risk data and price data are inextricably linked."

Granite, Incubated by Stacks Developer Trust Machine, Emerges From Stealth as Bitcoin DeFi Liquidity Protocol

Granite , a blockchain project incubated by Stacks developer Trust Machines, has emerged from stealth as a new Bitcoin DeFi liquidity protocol. According to the team, it "introduces a borrower-centric model, maximizes asset safety and minimizes liquidation risk. It enables BTC users to access DeFi without centralized custodians via Stacks’ Nakamoto and sBTC bridge. 'Today there is no safe way to use BTC in DeFi,' Blaize Wallace, founding contributor to Granite. 'Protocols have decided to maximize returns at the cost of counterparty and protocol risk.' The project features no rehypothecation, liquidation to solvency through 'soft liquidations' and a decentralized non-custodial protocol."

3DOS, the "Uber for 3D Printing," Selects Sui as Exclusive Blockchain Partner

3DOS , describing itself as the “Uber for 3D printing,” has selected Sui as its exclusive blockchain partner to power its decentralized peer-to-peer manufacturing network. According to the team: "Sui's zkLogin tech will facilitate the easy onboarding of 3DOS's 500,000+ users and globally distributed 3D printing operators. By leveraging the Sui network, 3DOS will reduce overhead with Sui’s miniscule transaction fees, enhance transparency, and scale globally with minimal human intervention. Sui will enable 3DOS to connect manufacturers and customers, optimize supply chains, and lower costs while democratizing global 3D printing capacity access."

Tune.FM, Music Streaming Project on Hedera Blockchain, Gets $50M Capital Commitment

Web3 music platform Tune.FM said Wednesday that it has secured a $50 million capital commitment from the Global Emerging Markets (GEM) Group. The news comes just eight months after Tune.FM shared it had raised $20 million in a funding round. Tune.FM, which describes itself as a decentralized music-streaming project atop the Hedera Hashgraph blockchain, aims to help artists earn more in royalties from their music by “streaming royalty micropayments and digital music collectibles,” with its native JAM token.

Zano, Layer-1 Blockchain for Confidential Assets and Private DApps, to Work With Confidential Layer

Zano , layer-1 blockchain for confidential assets and private dApps, is partnering with Confidential Layer , the first-ever privacy bridge enabling seamless interoperability between public and privacy blockchains. Since 2023, over $200 billion has been swapped in cross-chain transactions. This collaboration allows users to retain their underlying assets, for instance, ETH or BTC, while enhancing them with advanced privacy features. The projects enable a secure, private transactions across different blockchain ecosystems."

DVIN Labs, Developer of Wine-Focused Protocol, Adds Real Vision's Pal to Board

DVIN Labs , the development team behind the dVIN protocol, announced the appointment of Real Vision co-founder and CEO and long-time wine enthusiast, Raoul Pal , to its board of directors. According to the team : "The dVIN Protocol leverages blockchain technology to both allow wine enthusiasts to monetize their data and be rewarded for their wine activity, purchases and loyalty."

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