Even if the crypto market is on the decline, it is important not to miss the partnership, listing, integration and investment news of altcoins. Here are the developments of the week from 7 altcoin projects…
Important investment and integration news from 7 altcoin projects
Cosmos (ATOM) non-profit and representative Interchain Foundation (ICF), Inter-Blockchain Communication (IBC) announced the launch of Interchain Accounts, a )-based protocol. According to the announcement, Cosmos’ latest update will allow the entire Blockchain to control an account on a separate Blockchain. The launch of Interchain Account means users can access the entire Interchain with the help of a single Cosmos Hub account.
Skale (SKL) announced on Friday that it has created a $100 million ecosystem program to give developers incentives to develop on its platform. Launched in 2018, Skale is an Ethereum-based decentralized Blockchain network focused on running decentralized applications with speed and low cost. $5 million of the fund will be given to projects focused on the gaming industry, including play-to-win (P2E) games and the metaverse.
According to the Friday releases of developer firm Axios, decentralized telecommunications network Helium (HNT) has raised $200 million in a Series D funding round at a valuation of $1.2 billion. Investors include Tiger Global and FTX Ventures, new investors include Khosla Ventures, GV, Multicoin Capital, Munich Re Ventures and FirstMark Capital.
Algorand Foundation CEO Staci Warden is providing $20 million in funding to accelerate development in the Algorand ecosystem, according to a statement at the ETHDenver conference. According to the announcement, $10 million was allocated to app developers to make the network compatible with the Ethereum Virtual Machine (EVM). Warden says the other $10 million will go towards projects that can build solid developer tools for Algorand.
Popular cryptocurrency exchange Crypto.com Coin (CRO), local announced that its cryptocurrency Crypto.com Coin will now call it “Cronos”. The new name is thought to be attributed to the Greek god Cronos. As we quoted as Kriptokoin.com, the names of Binance Smart Chain and Coin were changed recently.
Dogecoin co-founder Billy Markus pointed to a new Change.org petition to allow Twitter users to post tips with the most popular meme cryptocurrency. Details can be found here.
Irish Advertising Standards Authority (ASAI), a report by Business Post. The report determined that Floki Inu’s ad campaign violated local advertising rules. It seems that Irish advertising officials are not happy with the marketing attack, confirming that Floki Inu violated local rules after conducting an investigation.
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