Features Crypto News by Thebittimes.Com

Author: WuBlockchain According to RootData, there were 95 publicly announced Crypto VC investment projects in October, down 3% from September (98 projects) but up 16% year-over-year (82 projects in October 2023). Note: not all funding is announced in the month it is raised, so these figures may increase over time. Breakdown by sector is as follows: CeFi: 6% DeFi: 20% NFT/GameFi: 14% L1/L2: 15% RWA/DePIN: 6% Tool/Wallet: 4% AI: 8% October's total funding reached $780 million, a 28% increase from September ($610 million) and a 73% year-over-year increase from October 2023 ($450 million). Top 10 rounds include: Stripe’s Acquisition of Bridge Stripe acquired Bridge for $1.1 billion, marking its largest acquisition to date and the largest in crypto history. Blockstream’s $210 Million Convertible Note Financing Bitcoin sidechain Liquid developer Blockstream raised $210 million through convertible notes, led by Fulgur Ventures, to accelerate the adoption and development of its L2 technolo...

Polygon spin-off Avail unveiled its data attestation bridge to Ethereum, Friday, as it seeks to carve out a niche in Ethereum’s rollup -centric scaling roadmap. Layer-2 rollups currently use Ethereum mainnet for posting their transaction data, which represents the majority of the transaction cost to users. These costs are expected to come down significantly following the next Ethereum upgrade “Dencun” later this year, which will implement EIP-4844. Further scaling gains should be found higher up the stack, on layer-3 networks envisioned such as Arbitrum Orbit, or zkSync’s hyperchains. That’s where Avail’s solution will likely come in, Anurag Arjun, Avail’s co-founder, told Blockworks in an interview. “With computation with something like [zero-knowledge proofs], you are able to compress proofs, you’re able to do recursive proofs and make it small, but with data, you cannot do it,” Arjun said. Right now, some early attempts make use of what are known as data avail ability committe...