C3.io, a hybrid crypto exchange, has announced the launch of its public mainnet. The project emphasizes a self-custodial approach, giving users control over their funds and enhancing security while reducing insolvency risks. C3.io has passed two Halborn audits and offers up to $100K for vulnerabilities with Immunifi. It has also collaborated with Pyth Network, processing over 10 million oracle-based transactions. The exchange provides users with all the functionalities of a centralized exchange, including instant execution, high throughput, REST APIs, Websocket connectivity, advanced order types, and support for all blockchains. The on-chain component of C3.io consists of two smart contract applications, the Cross-collateral Clearing Engine and the Health Calculator, which are deployed on the Algorand blockchain and serve as C3’s settlement layer. To consolidate balances, C3.io leverages Wormhole’s cross-chain interoperability protocol to process deposits and withdrawals.
Ta-da, an AI data marketplace, has completed a $3.5M funding round from investors including Morningstar Ventures, MultiversX, GBV Capital, XVentures, NxGen, and Spark Digital Capital. Ta-da is a gamified Web3 app and is the brainchild of Vivoka, a successful startup that develops speech recognition solutions. CEO William Simonin is a serial entrepreneur, and his brother Owen “Hasheur” Simonin, founder of Meria.com and a leading Web3 influencer in France, is an investor and serves on the advisory board. Other members of the advisory board include Luc Julia, creator of Apple’s Siri, and Morningstar Ventures CEO Danilo Carlucci.
AQUA by JAN3, a Bitcoin and stablecoin wallet, has launched on Jan. 3, targeting users in Latin America. AQUA claims to attract Bitcoin maximalists by offering a powerful interface to layer-2 technologies like Lightning and Liquid. It utilizes submarine swaps to bypass high fee-rate environments and allows users to batch their Bitcoin transactions in Layer 2 and then swap to the mainchain when fees are low. This wallet aims to provide a seamless and cost-effective experience for Bitcoiners.
Parallel Network has officially launched on mainnet, becoming the first layer-2 network on Arbitrum Orbit to go live. It is also the first non-custodial omni-chain margin protocol, allowing liquidity to be pooled across multiple chains and making it immediately available on the Parallel Network. This launch provides developers with new opportunities to build decentralized applications and leverage the benefits of layer-2 scaling solutions.
Telos Foundation, which supports the delegated proof-of-stake (DPOS) layer-1 blockchain Telos, has appointed John Lilic as executive director. Lilic will spearhead Telos’s evolution into a layer-0 network underpinned by ZK technology to attract developers and users worldwide. Lilic has a wealth of experience in the blockchain industry, having previously worked at Consensys and Polygon. He will also donate the headline sponsorship for ETHCC 2024 to Telos and establish an external advisory board consisting of world-class talent.
Bracket Labs, a provider of leveraged structured products for non-custodial DeFi users, has raised $2 million in a pre-seed round led by Binance Labs and NGC Ventures. The funding will support the development of Passage, a volatility trading product on the BracketX platform. Passage, built on Arbitrum, simplifies on-chain long and short volatility trading and offers features like 200% leverage, a limit order book, and a liquidity-improving vault. Bracket Labs plans to enhance Passage by introducing liquid-staked tokens and deploying on BNB Chain in 2024.
KuCoin Labs, the investment and incubation program of Seychelles-based crypto exchange KuCoin, has made a strategic investment in DeMR, a decentralized mixed reality (MR) infrastructure network built on the Solana blockchain. DeMR solves key problems associated with creating 3D maps by employing a decentralized network and automated AI map reconstruction pipeline. This infrastructure network collects and reconstructs global full-scene 3D high-definition map data at a lower cost with higher efficiency, providing open spatial interaction services for massive MR applications.
EOS Network Ventures (ENV) has invested $500K in EZ Swap, a multi-chain NFT DEX protocol and inscription marketplace. This investment will boost EZ Swap’s gaming asset and smart inscription protocol landscape. ENV is a venture capital fund that supports Web3 startups deploying on the EOS Network, a third-generation blockchain platform powered by the EOS VM. EZ Swap plans to leverage this investment to further develop its platform and expand its offerings.
In summary, C3.io has launched its public mainnet, Ta-da has completed a funding round, AQUA by JAN3 has launched a Bitcoin and stablecoin wallet for Latin American users, Parallel Network has become the first layer-2 network on Arbitrum Orbit to go live, Telos Foundation has appointed John Lilic as executive director, Bracket Labs has raised $2 million, KuCoin Labs has invested in DeMR, and EOS Network Ventures has invested in EZ Swap. These developments showcase the ongoing growth and innovation within the cryptocurrency and blockchain industry.