New funding rounds, in which giants such as Pantera Capital and Jump Crypto participate, transfer million dollars of funds to these 3 altcoin projects.
Omni Network completes $18 million funding
Ethereum-based interoperability protocol Omni Network has announced that it has closed its $18 million funding. Investors included Pantera Capital, Two Sigma Ventures, Jump Crypto, Hashed and Spartan Group.
Omni Network states that its core technology partners include EigenLayer, the Ethereum recommitment protocol, and Arbitrum, Polygon, StarkWare, Scroll, Linea, Ethereum’s second-layer expansion network.
2/ Omni is the key to Ethereum’s modular future — programmable interoperability that derives security from Ethereum itself.
We’re proud to have raised $18M from: @PanteraCapital @TwoSigmaVC @jump_ @hashed_official @TheSpartanGroup and more.
— Omni Network (@OmniFDN) April 25, 2023
Web3 Blockchain game “DemonWar” receives strategic investment from Big Fund
In another investment news, Web3 MOBA game “DemonWar” announced that it has received strategic investment from Big Fund Investment Committee chairman He Weifeng. “DemonWar”, a combination of blockchain technology and the gaming industry, aims to provide players with a new fighting game experience.
DemonWar offers two camps for 6 player 3v3 battles in the current version. Next version will come 10 player categories for 5v5 battles. In addition, the project team announced that the SR token for trading virtual assets in the game will be officially launched on the Blockchain. Additionally, he stated that he will launch a limited airdrop to return the support of players.
DeFi altcoin protocol iZUMi Finance receives $22 million investment
In the latest news, multi-chain DeFi protocol iZUMi Finance has completed a $22 million funding round. The fund will provide early liquidity for the DEX platform iZiSwap Pro, located on the startup’s zkSync Era network.
iZUMi Finance enables the conversion of one asset to another asset or cash in one step. According to DeFi Llama data, the total unlocked value of the platform is approximately $25.3 million. The newer iZiSwap Pro product, the company says, has reduced transaction costs. He also states that similar products on the market reduce storage risks.
https://twitter.com/izumi_Finance/status/1651192217535643649
As Kriptokoin.com, we have included the other prominent investment news of the day in this article.
About iZUMi Finance
iZUMi Finance is a Blockchain-based financial services platform founded in 2021. By offering DeFi services, it aims to perform financial transactions completely decentralized. The DeFi project uses new tools for users’ security and privacy.
The platform also offers a decentralized exchange service. Users can trade tokens via iZUMi. Izumi Finance’s native token, IZI, is currently down around 15%.
According to DefiLlama data, leading DeFi projects include Aave, Curve, Uniswap, MakerDAO and Compound. The TVLs of these projects are worth billions of dollars and have an important place for the DeFi ecosystem. Uniswap, in particular, remains the largest DEX platform with over $6 billion TVL. Additionally, MakerDAO has over $4 billion in TVL.
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