🌴 Crypto Startups Secure $201.4M in Funding: Futureverse and RISC Zero Lead the Way

Last week, venture capital and investment firms invested $201.4 million in crypto projects, with metaverse startup Futureverse and RISC Zero receiving the largest fundraises.

Eleven companies recently announced funding rounds, with two standout raises. Metaverse startup Futureverse secured an impressive $54 million from its Series A funding round, led by 10T Holdings and Ripple Labs.

At the same time, RISC Zero, a provider of zero-knowledge-proof tools for developers, raised $40 million in a Series A round.

Futureverse has a clear mission: to empower developers and users by providing a collaborative ecosystem that consolidates 11 metaverse infrastructure and content companies.

Futureverse intends to use the funds from the funding round to enhance its comprehensive technology, which includes the Futureverse Platform and The Root Network, its blockchain.

Apart from RISC Zero, the funding round featured five other infrastructure sector companies: Cosmic Wire, Manta Network, Echooo Wallet, Side Protocol, and Over Protocol.

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💰 Polygon to help fight NFT scams with Web3 infra protocol partnership.Polygon partners with Wakweli, a Web3 infrastructure protocol that issues certificates of authenticity for NFTs to certify originality.

Wakweli, a Web3 infrastructure protocol that issues certificates of authenticity for nonfungible tokens (NFT), has officially partnered with layer-2 scaling platform Polygon to make NFT authentication possible.

The partnership between Polygon and Wakweli means all digital assets on Polygon will be compatible with Wakweli’s certification system. According to the announcement, every NFT project holder on the Polygon chain can request authenticity certificates for each asset.

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👑 UAE Hospitality Brand Stella Stays Now Accepts CryptoA hospitality brand from the United Arab Emirates(UAE), Stella Stays, has announced that its clients can now pay for services with cryptocurrencies. Clients can pay with bitcoin, ethereum, and 35 more digital assets.

The UAE-based hospitality brand Stella Stays now accepts cryptocurrencies via its e-commerce platform, a report has said. According to the report, the company’s guests can now pay with bitcoin, ethereum, and 35 other cryptocurrencies.

Following the announcement, the company’s CEO and co-founder, Mohannad Zikra, is quoted in one report explaining why Stella Stays has decided to accept digital currencies.

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In the last cycle, Metaverse was huge, but the technology wasn’t ready. Just based on the hype and value, the tokens $MANA and $SAND went to the moon, even though Decentraland and Sandbox had almost no users and had very poor business plans and technology.

In this cycle, Utherverse is coming to market with a huge user base and a metaverse platform that is absolutely fantastic.

$MANA got to a market cap of $9.42 Billion dollars just on hype. If $UTHX gets to a similar valuation this cycle, the tokens will be worth around $10 each. Right now, the presale is at $0.05!! That means a 400x return. And there’s no reason for $UTHX to stop there, it could go much much higher.

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🐃 South African Crypto Premium Surge After Kraken Abruptly Starts Blocking Deposits by Local Residents
The premium on crypto assets listed on South African exchanges briefly surged to 3.5% after Kraken’s abruptly started blocking deposits from users based in the African country. Some South African crypto experts have linked Kraken’s decision to the Financial Action Task Force’s recent addition of the African country to its greylist.

According to a report, the U.S.-based crypto exchange Kraken’s recent decision to stop accepting deposits from South African nationals briefly saw the premium on crypto assets like bitcoin surge to 3.5%. Before Kraken’s announcement, the premium or arbitrage, which is the gap between prices of crypto assets on global exchanges and South African exchanges, had reportedly ranged between 0.7% and 1.5%.

As explained in a report published by Moneyweb, Kraken made the sudden decision to block South African deposits after its banking partner placed the African country on its anti-laundering blacklist.

Meanwhile, the report by Moneyweb suggested that Kraken’s abrupt decision had impacted many local crypto arbitrage market participants. However, according to the report, market participants such as crypto arbitrage and forex specialists like Future Forex have since found alternatives.

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🦁GoMining’s Mission to Revolutionize the Mining Industry
Diving into mining can be pretty daunting, especially considering the high costs and maintenance associated with traditional methods. Many potential miners find themselves deterred by these challenges before they even begin. However, GoMining simplifies the process and removes the barriers to entry with self-mining NFTs.

With GoMining, starting your own journey is accessible and affordable, requiring as little as $30 to gain access to 1TH of power. These NFTs provide a hassle-free way to collect daily rewards without the typical risks and expenses associated with mining operations. Additionally, users can optimize their NFTs by boosting hash power and enhancing energy efficiency, maximizing earnings while minimizing costs.

You can also get to know the project better through the Engage & Earn Campaign on Zealy. Engage with social media accounts to earn exclusive GOMINING tokens and NFTs. With the campaign launched on April 17, now is the perfect time to join us on this rewarding journey with GoMining.

Unlock a 5% discount on your first purchase using promo code CALICLUB before the end of April. Joining GoMining community not only offers financial opportunities but also connects you with like-minded individuals who share a passion for cryptocurrency and blockchain technology.

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🔻MEXC PUMP ANNOUNCEMENT

Date : Saturday, April 20, 2024
Time : 18:00 GMT
Exchange : MEXC 🤝
Advantage : Free for all

This coin will be shared here with our members before everyone starts purchasing it. The first buyers will get the biggest profit. This move will gain momentum rapidly, with expectations to reach 500-1000% in the short term.

As with our LRDS pump, our elite team of whales will constantly support the push after the signal, which will guarantee continuous and accelerating upward movement and the biggest profit for all our members.

We have exactly 7 days to prepare for our pump, which will take place at this time next week. We expect millions of investors worldwide to join the pump, and as always, we will blast all social media platforms following our signal, which will get us to our minimum 5x profit target (or higher). Get ready for future announcements and don't forget to turn on push notifications for our channel!

🌴 NFTs Have Real-world Use Cases. Not All Are Worthwhile.Nemus, an NFT mint tied to Amazon rainforest conservation, is in hot water after a Brazilian prosecutor announced an investigation into the company’s ownership of Amazon land.

Nemus’ CEO Flavio De Meira Penna has multiple entrepreneurial ventures focused on rainforest preservation in Brazil.

Nemus claims to own 100,000 acres of Amazon rainforest and hopes to purchase more with funds from its NFT sales. The company did not respond to requests for verification that it owns the land.

Users can purchase NFTs representing plots of land on a map with the understanding that Nemus will protect the land and its indigenous residents.

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