Significant developments have emerged for the popular meme coin Shiba Inu (SHIB) and four separate cryptocurrencies. The news caused the price of some altcoins to rise. Here are the details…
NEAR announces $100 million fund
The NEAR Foundation announced on Monday the NEAR protocol’s partnership with Swiss subsidiary Caerus Ventures. Together, the two introduced a $100 million venture capital fund and venture lab. NEAR has a $100 million target for seed series A investments with a closing $50 million. According to the press release, the initial investment; to the startup lab, which will work with creators, talent, and franchisees to design, validate, test, and build next-generation platforms.
Caerus Ventures is a start-up investment firm led by IMG executive Nathan Pillai, who says Caerus aims to accelerate innovation in Web3 by focusing on sports, music, film, fashion and art. “I believe talent and intellectual property (IP) creators should have a fairer share of the value created and for that to be shared among consumers and fans,” Pillai says. Meanwhile, NEAR’s price rose by nearly 10 percent. It went up from $4.68 levels to $5.22.
Innovation in the IOTA network
Meanwhile, Shimmer, a network that accelerates network upgrades in the IOTA ecosystem, integrates into the multi-chain bridge. The IOTA ecosystem stated that Shimmer should reach a point where it will be possible to transfer NFTs from Ethereum, Polygon and other Blockchains. NFTs can be transferred to the Shimmer and vice versa. There should be a seamless integration between the IOTA Web3 ecosystem and the rest of the Web3 space. The IOTA community recently announced this via Twitter.
Just 24 hours after the tweet on the IOTA Twitter page, IOTA co-founder Dominik Schiener said that Shimmer is already integrated with one of the best bridges in crypto (multi-chain bridge). As we have reported as Kriptokoin.com, Shimmer entered the market in November of 2021. After the latest development, the value of IOTA increased from $0.2879 to $0.299.
Vulkania App adds support for SHIB ecosystem tokens
France-based Vulkania App has added popular cryptocurrencies Bone Shibaswap (BONE) and Doge Killer (LEASH) from the Shiba Inu (SHIB) ecosystem. Now the Shiba Inu community can create a dashboard for BONE and LEASH with data such as price charts, live transfers and pool liquidity. The app had listed the Shiba Inu (SHIB) on October 21, 2021. VulkaniaApp now supports all three tokens of the Shiba Inu Ecosystem, often referred to as the “SHIB Trifecta”. The price of SHIB jumped 1.2 percent after the development.
BONE price surged 10.1 percent and managed to climb above $2. LEASH rose from $592 to $639 during the day. VulkaniaApp was launched on April 25, 2021 by a team based in France. Vulkania creates applications that enable crypto communities to create fully functional Blockchain-based dashboards with in-depth data for their favorite tokens such as price charts, live transfers, and liquidity pools.
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