Midas

peaq

Castle

<p class="is-style-lead">Three blockchain specialists scored venture capital this week — a bullish indicator that, perhaps, investors are once again warming up to the web3 sector.</p>
<h2 class="wp-block-heading" id="strong-peaq-strong"><strong>Peaq</strong></h2>
<p>On March 27, Peaq — a layer-1 (L1) blockchain designed specifically for decentralized physical infrastructure networks (DePINs) — <a href="https://www.peaq.network/blog/peaq-raises-15-million-in-pre-launch-funding" target="_blank" rel="noopener noreferrer nofollow">announced</a> a successful Series A <a href="https://crypto.news/tag/funding/" target="_blank" rel="noopener noreferrer nofollow">funding</a> round, raising $15 million.</p>
<p>Generative Ventures and Borderless Capital led the effort, with participation from several prominent investors, including Spartan Group, HV Capital, CMCC Global, and Animoca Brands.</p>
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   <p lang="en" dir="ltr">Announcing: peaq raises $15M in a pre-launch funding round led by <a href="https://twitter.com/genventurecap?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@genventurecap</a> and <a href="https://twitter.com/borderless_cap?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@borderless_cap</a> 🎇<br><br>The funds will go towards making it easier and faster for <a href="https://twitter.com/hashtag/DePINs?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#DePINs</a> to build, launch, and scale on peaq, ahead of peaq’s upcoming public offering, and the launch of peaq’s… <a href="https://t.co/1ErsxsIUFP" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/1ErsxsIUFP</a></p>— peaq (@peaqnetwork) <a href="https://twitter.com/peaqnetwork/status/1772932289481028007?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 27, 2024</a>
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<p>With a vision to build an “Economy of Things” network, Peaq aims to decentralize physical infrastructure and systems, offering a permissionless and borderless digital infrastructure for increasingly intelligent machines.</p>
<p>The platform offers many backend functions for app builders, facilitating access management, AI agents, and device data verification. Its ecosystem also boasts supporting tools like a machine platform and a decentralized physical infrastructure network accelerator, which are in partnership with Outlier Ventures.</p>
<p>You might also like: <a href="https://crypto.news/arbitrum-phase-three-funding-dapps/" rel="noopener noreferrer nofollow"> Arbitrum Foundation opens phase three funding for dApps </a></p>
<p>Peaq plans to use the funds raised to expand its ecosystem, which already hosts more than 20 <a href="https://crypto.news/decentralized-physical-infrastructure-network-depin-explained/" data-type="link" data-id="https://crypto.news/decentralized-physical-infrastructure-network-depin-explained/" target="_blank" rel="noopener noreferrer nofollow">DePINs</a>, These DePINs encompass industries such as mobility, energy, connectivity, environment, agriculture, and digital infrastructure.</p>
<h2 class="wp-block-heading" id="midas">Midas</h2>
<p>Midas raised $8.75 million in funding. The firm, led by CEO Dennis Dinkelmeyer, is developing a protocol that issues real-world assets as <a href="https://crypto.news/true-power-erc-20-erc-721-tokens/" target="_blank" rel="noopener noreferrer nofollow">ERC-20</a> tokens.&nbsp;</p>
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   <p lang="en" dir="ltr">1/ Introducing the Midas Protocol and the innovative <a href="https://twitter.com/search?q=%24mTBILL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$mTBILL</a> to the DeFi landscape!<br>Today, we're thrilled to unveil Midas, our pioneering asset tokenization protocol, alongside the successful raise of $8.75M co-led by industry titans <a href="https://twitter.com/BlockTower?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@BlockTower</a>, <a href="https://twitter.com/hiFramework?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@hiFramework</a>, and <a href="https://twitter.com/HV_Capital?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@HV_Capital</a>. <a href="https://t.co/FCDWy1LUZQ" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/FCDWy1LUZQ</a></p>— Midas (@MidasRWA) <a href="https://twitter.com/MidasRWA/status/1773330604500623700?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 28, 2024</a>
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<p>The funding round, spearheaded by Framework Ventures and BlockTower, will fuel Midas’s expansion efforts and further development of its asset tokenization protocol.</p>
<p>Midas will also introduce mTBILL, a stablecoin designed to allow users to earn yield from U.S. Treasury bills on-chain.&nbsp;According to the company, this move has the potential to shake up the stablecoin industry, especially in light of its assertion that launching a stablecoin during a non-zero interest rate period could be disruptive.</p>
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   <p lang="en" dir="ltr">7/ Natively yield-bearing tokens are key for on-chain finance in a non-zero interest rate world. <br><br>With giants like Circle &amp; Tether born in a zero-rate era, there’s a huge chance for disruption. <br><br>The future? Yield-focused stablecoins like <a href="https://twitter.com/search?q=%24mTBILL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$mTBILL</a>.</p>— Midas (@MidasRWA) <a href="https://twitter.com/MidasRWA/status/1773330615477117080?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 28, 2024</a>
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<p>Commenting on the news, Dennis Dinkelmeyer highlighted Midas’s commitment to innovation, stating, “Midas is well-positioned to continue bringing investors innovative products to keep capital, particularly stable capital, on-chain through yield-bearing tokens while still harnessing the full suite of relevant defi applications.”</p>
<p>Peaq and Midas are both based in Berlin. Their ability to attract funding indicates growing investor confidence in the potential of blockchain technology for real-world applications and asset tokenization.</p>
<h2 class="wp-block-heading" id="bob">Bob</h2>
<p>Separately, a hybrid layer-2 network called Build on Bitcoin (BOB) has successfully raised $10 million in seed funding.</p>
<p>Castle Island Ventures spearheaded the funding round. Mechanism Ventures, Bankless Ventures, and notable angel investors Dan Held and Domo, the creator of the BRC-20 token standard, all participated.</p>
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   <p lang="en" dir="ltr">We're thrilled to announce: 𝐁𝐎𝐁 𝐡𝐚𝐬 𝐬𝐞𝐜𝐮𝐫𝐞𝐝 𝐚 $𝟏𝟎𝐌 𝐬𝐞𝐞𝐝 𝐫𝐨𝐮𝐧𝐝 led by Castle Island Ventures, alongside other leading investors! 🎉<br><br>This pivotal moment fuels our mission to launch the first hybrid L2 – a blend of Bitcoin's security and Ethereum's… <a href="https://t.co/lMwOcO5qTD" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/lMwOcO5qTD</a></p>— BOB | Build On Bitcoin (@build_on_bob) <a href="https://twitter.com/build_on_bob/status/1773020961597452634?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 27, 2024</a>
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<p>The pioneering project, led by co-founder Alexei Zamyatin, is looking to introduce the first Bitcoin L2 solution with Ethereum Virtual Machine (EVM) compatibility.</p>
<p>The London-based company is also gearing up to launch its <a href="https://twitter.com/build_on_bob/status/1773010071917642182" data-type="link" data-id="https://twitter.com/build_on_bob/status/1773010071917642182" target="_blank" rel="noopener noreferrer nofollow">Fusion</a> program on March 27, offering participants early access to its platform.</p>
<p>Read more: <a href="https://crypto.news/intotheblock-meme-coin-investors-catch-speculative-mood/" rel="noopener noreferrer nofollow"> IntoTheBlock: Meme coin investors catch speculative mood </a></p>

Blockchain platforms Peaq, Midas, BOB secure millions for expansion

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