KAUNAS, Lithuania, July 31st, 2024, Chainwire

DappRadar is excited to reveal the first six members of the DappLaunch Selection Committee, a decentralized committee ready to welcome and approve Web3 projects to the growth and launch hub. The first committee members are DappRadar, Chainwire, Polkastarter, BNB, Crypto Potato, and Lunar Strategy, while more will follow. 

With over 600 projects having started the application process for a spot in DappLaunch, the Web3 growth and launch hub has attracted the attention of top tier industry leaders. While partners offer support through discounts, tools and services for the curated projects in the DappLaunch program, the Selection Committee is responsible for the curation of these projects. 

This means that every project in DappLaunch will be selected by a decentralized group of top tier industry leaders. This selection process aims to bring forward a diverse group of high-quality projects, curated by a decentralized committee. 

Projects selected to DappLaunch gain access to a powerful network of ecosystems, launchpads, VCs/accelerators, Web3 media, and Web3 service providers. These partners offer benefits and support to the projects such as marketing and PR services, discounted infrastructure services or credits, or advisory on topics like tokenomics and gamification. Additionally, projects selected for DappLaunch will receive increased visibility for user acquisition and TGE on the DappRadar platform. 

DappRadar users will have opportunities to engage with this group of curated projects. In addition, DappRadar PRO members who hold and stake at least 30,000 RADAR, may expect future benefits, such as exclusive quests and airdrops, as projects in the DappLaunch ecosystem come to fruition. 

Access to the DappLaunch Selection Committee is a utility that can be unlocked via RADAR token. DappLaunch partners in good standing with the program can purchase and lock 10 million RADAR to gain access to the committee. DappRadar expects to see more top ecosystems as well as Web3 focused venture funds moving to join the selection committee in the future. 

Apply to DappLaunch as a project or a network partner: https://dapplaunch.dappradar.com/

ABOUT DAPPRADAR

DappRadar is the biggest Web3 project discovery platform, the World’s Dapp Store. One million users per month use DappRadar to discover new dapps, gain insights into DeFi and NFT collections, or to learn more about GameFi and SocialFi. Established in 2018, DappRadar has now become an industry leading platform, providing insights to investors, journalists, researchers, media and of course consumers looking to find the dapp of their dreams.

Contact

Head of Business Development
Morris Huling
DappRadar
morris@dappradar.com

Manila, Philippines, July 31st, 2024, Chainwire

Venom Foundation is thrilled to announce that $VENOM is now listed on Coins.ph, the leading crypto platform in the Philippines with over 18 million users. This strategic move represents the next significant step in Venom’s global expansion efforts, particularly into the dynamic Southeast Asian market.

Key Highlights

Expanding Reach in Southeast Asia: Coins.ph provides a robust platform for $VENOM, offering increased accessibility to a vast and engaged user base. With over 18 million users, Coins.ph is instrumental in the adoption and exposure of crypto in the region, making it an ideal partner for Venom’s continued expansion.

Enhanced Liquidity and Market Presence: Listing $VENOM on Coins.ph will enhance the liquidity and market presence of the token. Filipino users will now have the opportunity to trade $VENOM easily, benefiting from the seamless and user-friendly experience that Coins.ph is known for. This listing not only broadens $VENOM’s availability but also reinforces Venom’s commitment to making blockchain technology accessible to everyone.

Increasing Accessibility in the Philippine Market: As the largest crypto exchange licensed by the central bank in the Philippines, Coins.ph plays a crucial role in the local blockchain ecosystem. Listing $VENOM on Coins.ph enhances the accessibility of our token, allowing more users to easily trade and interact with the project. 

Strategic Alignment with Global Expansion: This listing aligns with Venom’s strategic goal of global expansion, particularly into Southeast Asia. By partnering with established and reputable exchanges like Coins.ph, Venom is poised to extend its reach and influence across key markets worldwide. The Philippines, with its dynamic and rapidly growing crypto community, represents a critical market for Venom’s international growth strategy.

Leadership Perspective

Jen Bilango, Country Manager – Philippines at Coins.ph, expressed enthusiasm for the partnership: “At Coins.ph, we are excited to announce the listing of the VENOM token on our platform. This aligns with our mission to drive financial inclusion and empower our 18 million users with innovative blockchain technology. We look forward to helping VENOM grow its presence in the Philippines and supporting its integration into global financial structures.”

Christopher Louis Tsu, CEO of Venom Foundation, commented on the new listing: “Listing $VENOM on Coins.ph is a strategic step in our global expansion strategy into Southeast Asia. Coins.ph’s extensive user base and reputation in the Philippines make it an excellent partner for Venom. This listing not only enhances the accessibility of $VENOM but also strengthens our presence in the vibrant Southeast Asian crypto market. We are excited to bring Venom to a wider audience and look forward to furthering our mission of global blockchain adoption.”

About Coins.ph

Launched in 2014, Coins.ph is the most established crypto brand in The Philippines and has gained the trust of more than 16 million users. Through the easy-to-use mobile app, users can buy and sell a variety of different cryptocurrencies and access a wide range of financial services.

Coins.ph is fully regulated by the Bangko Sentral ng Pilipinas (BSP) and is the first ever crypto-based company in Asia to hold both Virtual Currency and Electronic Money Issuer licenses from a central bank.

To learn more, uses can visit https://coins.ph

About Venom Foundation

Venom is a cutting-edge layer-0 and layer-1 network, seamlessly integrating with other independent networks through innovative Mesh technology. Anchored by a masterchain for overall state and consensus management, Venom supports unlimited autonomous workchains for user accounts, smart contracts, and dApps. Mesh technology optimizes inter-chain communication, ensuring speed and scalability. With rapid finality, comprehensive security, stability, and user-friendly interfaces, Venom is ideal for hosting CBDCs and large-scale platforms.

For more information, users can visit https://venom.foundation

Contact

Venom Foundation
media@venom.network

Los Angeles, United States, July 30th, 2024, Chainwire

DSCVR, the largest web3 social media and community-building platform, announces the launch of Canvas, a groundbreaking framework that enables developers to effortlessly build and integrate custom applications directly into DSCVR’s social feeds. With just a few tweaks any web application can be made into a Canvas application. Combined with DSCVR’s API, Canvas provides an easy-to-build framework to launch and distribute embedded apps on the DSCVR platform.

Canvas apps can have rich interfaces previously unseen in Web3 social that extend beyond the existing frame standards of buttons and textboxes to support games, interactive media, and more. Developers can find viral distribution for Canvases in feed, making them instantly accessible to the community and scaling them across hundreds of thousands of users. With Canvas, building, launching, and managing embedded apps has never been easier or more innovative, offering end users dynamic and rewarding experiences.

A New Era of Web3 Embedded App Development

DSCVR Canvas introduces a framework that makes app creation accessible to a breadth of developers, from seasoned engineers to students just learning Javascript. The platform offers a user-friendly interface that simplifies the development process, allowing anyone to build dynamic, interactive applications without advanced technical skills. Canvas is also built to support existing Frames and Solana Blinks so developers in these ecosystems can easily share their apps on DSCVR.

“We’re excited to introduce Canvas to our developer community,” said Rick Porter, CEO of DSCVR. “Our goal is to empower developers with the framework they need to create and scale apps within the DSCVR ecosystem for the benefit of our users. Canvas is a significant step towards realizing that vision.”

Key Features of DSCVR Canvas:

• Transactions: Canvas applications can interact directly with user wallets which are already paired with DSCVR accounts, creating new utility for NFTs and fungible tokens
• Seamless Integration: Apps built on Canvas integrate effortlessly with the DSCVR platform, leveraging robust APIs and the speed of the platform for smooth performance.
• Enhanced Performance: Designed for scalability, Canvas supports everything from simple ways to earn crypto, tipping, to games and other complex applications.
• Rich Media Support: Users can incorporate images, videos, and interactive elements to create engaging and immersive apps.

Driving Innovation in Web3 Social Media

With more canvases being built on DSCVR, users will enjoy a wide range of fun and engaging experiences directly within their social feed. From interactive games and trading platforms to token minting, DSCVR Canvas Embedded Apps will enrich the user experience, making social interactions more dynamic and rewarding. These apps will allow users to easily monetize their activities, participate in immersive gaming and trade digital assets, transforming the way they interact on the platform. At the same time, this is an opportunity for developers to gain distribution for their applications to an audience of hundreds of thousands of users.

Launch Event and Community Engagement

To celebrate the launch, DSCVR will be organizing a global hackathon on August 5th hosted by Dorahacks to encourage experimentation and creativity among its developer community. Sponsors include Metaplex, Matrica, Helius, Spiderswap and Tweed. Notable judges include Austen Federa, Jon Wong, and Pedro Miranda from the Solana Foundation as well as Josh Finer from Solana Ventures. 

“We’re committed to supporting our developer community and providing them with the support and tools they need to succeed,” added Rick Porter. “DSCVR Canvas is a testament to our dedication to innovation in the Web3 social ecosystem.” 

About DSCVR

With over 500k monthly unique visitors, DSCVR (pronounced “Discover”) is a Web3 social network combining the usability of a Web2-style social app with crypto technology that unlocks ownership, monetization and distribution for users, creators, and projects. Through its native crypto functionality, DSCVR rewards users and supercharges community-building, while its API allows developers and partners to build applications that target through the social graph, distribute through the feed, and monetize in posts. DSCVR’s seed investors include Polychain Capital, Upfront Ventures, BDMI, Shima Capital, Tomahawk VC, and Fyrfly Venture Partners.

Users can follow DSCVR on Twitter (X) for more updates.

Contact

Press Inquiries
Cher Park
DSCVR
press@dscvr.one

Santa Clara, CA, July 30th, 2024, Chainwire

‘BANANA’, an idle game within the TON ecosystem hit one million users in under 72 hours. With activation from some of the biggest players from TON, BANANA positions itself as a catalyst for mass adoption of Web3 gaming and increased user acquisition into the TON ecosystem. 

With rapid adoption among both Web2 and Web3 gamers, the title boasts a total of 2.9 million in-game tasks completed by players, with 580,000 total social accounts connected to BANANA.

Powered by CARV, a modular data layer for gaming and AI, BANANA invites players into a world where they collect a wide array of Bananas, each with unique attributes and rarities. Clicking on Bananas rewards players with points (PEELs), which are transferable to USDT. Players can trade these Bananas for various rewards, including points and cash, ensuring engagement.

The launch of BANANA introduces a core pillar to CARV’s overall business strategy, alongside its established data infrastructure and flagship gaming platforms, bringing first party game development and adtech as key areas of its innovation. 

“We have observed a rapid accumulation of users within the TON ecosystem,” said Leo Li, CGO of CARV. “Through BANANA, we aim to reach a broader demographic, accumulate valuable user data for CARV Protocol, and empower these users with data sovereignty, allowing them to partake in the value generated by their data. BANANA is just one of the many games that CARV will collaborate on to launch exclusively within the TON ecosystem in the near future.”

Key features of BANANA include daily Banana rewards, varying PEEL rewards based on Banana rarity, and opportunities for additional Bananas through tasks such as binding CARV ID, social media interactions, and referrals. Bananas can be sold to earn USDT and Peels, fetching different prices for differing levels of rarity, with the most limited Banana Matrixnana can be sold for 500 USDT. Moreover, players who bind and mint their CARV ID can leverage their in-game achievements for tangible rewards.

To play BANANA and begin earning, users can visit here.

About ‘BANANA’

BANANA is a TON-based idle game powered by CARV. Dive into a world of extraordinary Bananas, where every day brings new and thrilling discoveries. Collect an array of distinctive Bananas, ranging from glittering golden, to unique holographic varieties. Engage daily in this fruity treasure hunt, as users press their luck for a chance at earning the rarest Bananas. With engaging gameplay and endless variety, BANANA offers a novel, entertaining experience for all players.

Twitter | Telegram

About CARV

CARV Protocol is a modular data layer that facilitates data exchange and value distribution across the gaming and AI sectors. It encompasses end-to-end data flow processes, including data verification, identity authentication, storage, processing, model training, and value distribution. With CARV Protocol, every individual can now own, control, verify, and monetize their data, revolutionizing how data is used and shared, by ensuring privacy, ownership, and control are firmly in the hands of individuals, pioneering a future where data generates value for all.

Contact

COO
Victor Yu
vito@carv.io

Delaware, US, July 30th, 2024, Chainwire

Everreach Labs, the game development studio made up of the industry veterans behind gaming masterpieces including Far Cry 3, Rainbow Six Siege, and Fortnite, is thrilled to announce the release of the official trailer for their highly anticipated title, REVENGE. This groundbreaking co-op PvE extraction shooter – powered by Unreal Engine 5 – has already drawn significant interest across the gaming community, with over 60,000 players during last year’s prototype testing period.

REVENGE introduces a revolutionary gameplay experience that seamlessly integrates Twitch spectators into the core game loop. Players will now have the opportunity to engage with their audience in an unprecedented manner, allowing viewers to actively participate in the game by modifying the environment, providing aid through items and upgrades, and triggering spontaneous events during each match. This innovative feature is set to redefine the boundaries of interactive entertainment, offering a truly immersive and dynamic experience for both players and spectators alike.

“We are incredibly excited to finally unveil the official trailer for REVENGE,” said Jason Fung, Chief Marketing Officer of Everreach Labs,. “Our team has poured their heart and soul into this project, and we believe that the unique spectator-player interactions will expand and evolve the way gamers and viewers play together. REVENGE is not just a game; it’s an experience that will bring communities together in a way that has never been seen before.”

The official trailer has been released here on REVENGE’s Twitter account. Everreach Labs is working with renowned marketing agency Loaded.gg (Helldivers 2, Apex Legends, Blocklords, etc.) to bring REVENGE to market, starting with the pre-alpha version slated for release in early Q4 2024.

About Everreach Labs

Everreach Labs is led by industry veterans from acclaimed titles such as Far Cry 3, Rainbow Six Siege, Fortnite, and many more. We revolutionize interactive play by integrating user-generated content, immerse gaming, and vibrant community engagement into a unified ecosystem. Everreach Labs aims to bridge the gap between players and spectators with innovative ways to interact and share games. Our goal is to craft high-quality, captivating games using cutting-edge technology like Unreal Engine 5 and blockchain technology. We are committed to launching fun, viral games that empower both creators and spectators, allowing for an inclusive and immersive gaming experience.

Users can watch the REVENGE official trailer and follow the latest updates here: https://x.com/_GETREVENGE_

For more information about REVENGE and Everreach Labs, users can visit https://everreachlabs.io

Contact

Chief Marketing Officer
Jason Fung
Everreach Labs
jason@everreachlabs.io

London, United Kingdom, July 30th, 2024, Chainwire

NeurochainAI, a decentralized AI-as-a-Service (DeAIAS) network, announced its Token Generation Event (TGE) to commence on August 9th in a leadup to its node staking program. 

This event marks the official launch of NeurochainAI’s $NCN token, with the project committed to a fair launch strategy by listing directly on centralized exchanges (CEXs), the names of which will be shared publicly in the coming days, ensuring equal access and better terms for everyone. As a part of the strategy, the community also has the opportunity to earn NCN by connecting GPUs and participating in data tasks for extended periods of time.

The launch will be immediately followed by the introduction of node staking, an initiative aimed at fostering network decentralization with a fair way to grow a validator network. The approach mirrors industry best practices, ensuring transparency with rewards known upfront, decentralization as the same stake applies to all nodes, and a fair chance for all to participate on a first come, first serve basis.

“We’re focused on fostering a truly decentralized ecosystem, demonstrated by our TGE and node staking, where fairness and transparency are paramount” said Julius Serenas, CEO of NeurochainAI. “Our approach ensures all participants have equal opportunity to engage without preferential treatment. This initiative not only promotes network decentralization but also underscores our commitment to community-driven growth in the AI-as-a-Service space.”

Operating a Neuron Validator not only contributes to the ecosystem’s decentralization but also rewards participants with daily $NCN compensation, where a stable amount of native coins must be staked to become a validator. 40% of the $NCN supply will be allocated to Neuron Validator NFTs, with a structured vesting plan designed to incentivize long-term engagement. 

To learn more about NeurochainAI’s node staking opportunities and becoming a Neuron Validator, visit their guide here.

About NeurochainAI

NeurochainAI is a decentralized AI-as-a-Service (DeAIAS) network that streamlines the process of building, launching, and use of AI-powered decentralized applications (dApps). Providing a ready-to-use AI infrastructure, the network enables developers to create AI dApps up to 24 times faster and 5 times more cost-effectively compared to traditional methods. The platform is focused on advancing the field of AI application development, offering unparalleled ease of use and affordability.

Website | x | Telegram | Discord | Linkedin | Medium

Contact

COO
Odeta Iseviciute
odeta@neurochain.ai

New York, United States of America, July 30th, 2024, Chainwire

In a major leap towards simplifying the Web3 experience, Tria introduces ‘Unchained,’ a modular chain-abstraction infrastructure designed to streamline today’s fragmented asset management in Web3 and power a fluent UX on the Injective blockchain.

New ecosystems are emerging rapidly – causing a cluttered landscape of managing multiple wallets, fragmented assets and multiple blockchain-specific tooling. Tria allows users to use any asset on any dapp, across any chain without needing other wallets, bridging, or acquiring gas tokens – all powered by chain abstraction.

Now, Tria is bringing the incredible UX of chain-abstraction to the Injective ecosystem, a leading interoperable L1 blockchain to un-chain Web3 complexities – one step at a time. Injective is the fastest layer 1 blockchain with more than 800M on-chain transactions and an FDV (fully diluted market cap) of $2.5 Billion USD.

Unchained is a modular, Chain-abstraction AVS Layer 2 built on Cosmos SDK with dual-execution EVM compatibility. This innovative construct allows users to access assets and dApps on hundreds of chains with a centralized-exchange-like, real-time Web3 experience.

What Tria is bringing to Injective:

• Effortless Onboarding: No need to set up a new wallet for Injective. Login with SSO, or connect any previously unsupported wallets like MetaMask, or Phantom.
• Unified Assets: View and use any asset from any EVM or non-EVM blockchains using a unified interface.
• Seamless Trading & Staking: Eliminate complex bridging and trade or stake using any asset.
• No Gas Token : Pay Injective gas with any token from any chain with gas abstraction.

“This integration will revolutionize the user experience by allowing seamless interaction with any asset on any dApp across any chain,” said Eric Chen, CEO and co-founder of Injective Labs. “Users will no longer be encumbered by the complexities of switching wallets, bridging, or acquiring gas tokens, as all of this is seamlessly managed within Tria’s ‘Unchained’ infrastructure.”

In the coming months, chain abstraction will be rolled out within the Injective ecosystem, which is designed for building premier UX-first Web3 applications. From day one, this movement has seen profound involvement from leading dApps in the Injective ecosystem, including Helix, DojoSwap, Hydro Protocol, Neptune Finance, Injera, SA World, Kakeru, and Sushi Fighter. These integrations empower users to seamlessly access Injective’s variety of dApps with any asset from any chain. This paves the way for a truly unified DeFi experience. It eliminates the complexity of creating a Cosmos wallet, bridging assets to Injective, and obtaining gas tokens. Overall, this collaboration is poised to drive a major paradigm shift in the DeFi world.

“We are witnessing an industry-wide shift, with large ecosystems recognising the need for app layer chain abstraction wherein users can use any asset on any chain minus the complexities of multiple wallets, bridges and gas tokens – said Vijit Katta, Co-founder of Tria. Chain abstraction is no longer a choice—it is a necessity and we are thrilled to bring it to reality with Injective.”

About Tria

Tria is at the forefront of chain-abstraction innovation, empowering users and developers to access the entire Web3 without the friction of today’s user-experience. Built in stealth, by crypto degens and funded by OGs, Tria is thrilled to unveil the next monumental step in redefining the finance UX on Injective. 

Users can follow Tria and Injective on Twitter to stay up to date on what chain abstraction is set to enable for the ecosystem and the broader Web3 landscape. 

Users can follow Tria’s Twitter

Contact

Co-Founder
Vijit Katta
Tria
vijit@tria.so

Tequila, Canada, July 29th, 2024, Chainwire

Tequila Token ($TEQ) is set to launch on the Solana blockchain, introducing a new community-focused experience inspired by the culture and spirit of tequila. Tequila Token aims to provide an engaging and rewarding environment for its participants.

Key Features of Tequila Token

• Influencer Collaborations: Tequila Token has established partnerships with global influencers to promote the $TEQ community. Followers can expect to see their favorite social media personalities sharing their $TEQ experiences.
• Exciting Giveaways: The project will feature various giveaways, including exclusive Tequila Club memberships and Tequila Partybags, designed to engage and reward the community.
• Tequila Club: Membership in the Tequila Club offers exclusive benefits, including special rewards and engagement opportunities within the Tequila Token community.
• Partnerships with Salitos: Tequila Token is proud to announce its partnership with the renowned German tequila brand Salitos, with more exciting collaborations.
• Community Rewards: Participants can earn rewards by engaging in events and activities within the community, promoting a collaborative and rewarding atmosphere.

How to Participate

The Tequila Token launch is scheduled for July 30, 2024, at 17:00 UTC. Interested parties can follow Tequila Token on Instagram and join the official Telegram channel for the latest updates and information.

Launch Announcement

Tequila Token is set to make its debut on July 30, 2024, at 17:00 UTC. With a focus on community engagement, strategic partnerships, and rewarding experiences, Tequila Token aims to stand out in the crypto space this summer.

For more information, follow Tequila Token on social media and join the community to stay informed about upcoming events and opportunities.

About Tequila Token

Tequila Token ($TEQ) is a cryptocurrency launched on the Solana blockchain, inspired by the cultural heritage of tequila. The project focuses on creating an engaging and rewarding community experience through strategic partnerships, giveaways, and community activities.

Contact

Señor Shots
tequilameme0@gmail.com

Grand Cayman, Cayman Islands, July 26th, 2024, Chainwire

Kwenta, the leading onchain perpetuals exchange on the Optimism network, has partnered with Perennial to launch a new joint product and incentive program on the Arbitrum network. This initiative, backed by a substantial 1.9 million ARB grant, aims to attract new users and liquidity providers to Arbitrum and spark renewed interest in onchain perpetuals trading.

Kwenta and Perennial’s Expansion Strategy

Kwenta, known for being a UX layer for perps trading on Optimism and Base, is expanding its reach to Arbitrum in a bid to build a comprehensive marketplace for onchain perpetuals. This move is facilitated by Perennial V2, an Arbitrum-native protocol designed to be a hyper-efficient liquidity layer for derivatives trading. The joint initiative is designed to revitalize the popular AMM model for leveraged trading by providing traders with a powerful, familiar interface to interact with smart contract liquidity.

Perennial’s vision is to create a single, global liquidity layer where all markets, all chains, and all liquidity converge into one decentralized nexus. By integrating Kwenta’s premier trading interface with Perennial’s advanced perps infrastructure, users on Arbitrum will benefit from an optimized trading experience. Trade orders on selected Kwenta markets will be seamlessly routed through Perennial, ensuring efficiency and reliability. This collaboration combines Kwenta’s top-tier trading platform with Perennial’s hyper-efficient trading infrastructure, delivering the best possible experience for traders.

Incentive Program Details

The newly launched incentive program focuses on two main areas:

• Trading Rebates: Active traders will benefit from substantial fee rebates, making it more cost-effective to trade on the platform. This initiative is expected to drive trading volume and retain users.
• Liquidity Boosting: Liquidity providers will receive incentives to supply liquidity, ensuring deep and efficient markets. 

For more details on how to potentially earn rewards, users can visit Kwenta’s Rewards Blog for trading rewards details, or visit Perennial’s Discord server for information about rewards for providing liquidity.

Team Insights

Burt Rock, Marketing Lead at Kwenta, highlighted how far onchain perps have come, stating, “We’ve seen a lot of new perpetuals markets focused on improving the user experience, but most are making huge sacrifices in terms of decentralization. We want to show people you really can build decentralized apps which are incredible to use, and even better than offchain versions.”

Kevin Britz, CEO & Co-Founder at Perennial, added, “Kwenta has been a market leader in the perp vertical, regularly pushing over $100M in OI. We’re excited to welcome them to our home on Arbitrum and expand the number of teams leveraging Perennial infrastructure. In a saturated perps landscape, combining our protocol with Kwenta’s interface will lead to increased volume, deeper liquidity, and a CEX-level user experience.”

Future Outlook

The introduction of this incentive program represents a crucial step in the evolution of Kwenta and Perennial. With Kwenta concentrating on the UX and frontend aspects of trading and Perennial focusing on providing a robust liquidity layer, the collaboration is set to offer a decentralized trading experience that is both highly efficient and user-friendly. This model of specialization showcases how projects can synergize to deliver superior services in the DeFi space. The combined expertise of Kwenta and Perennial promises to elevate the standard of onchain perpetuals trading, making it more accessible and appealing to a wider audience.

For more information, users can visit Kwenta’s website and Perennial’s website. Users can also read Perennial’s launch announcement for additional details.

About Kwenta and Perennial

Kwenta: As a leading platform for derivatives trading, Kwenta has facilitated over $50 billion in volume on Optimism and Base. The platform is expanding to Arbitrum to launch its perpetuals marketplace, a single app to compare and trade on multiple onchain venues.

Perennial: Perennial is a pioneering DeFi liquidity layer that offers hyper-efficient infrastructure for a variety of trading applications. Its modular and efficient design supports customized markets, leveraging fast execution and capital efficiency to power DeFi apps.

Contacts

Burt Rock
Kwenta
burt@kwenta.io
Lucas Terry
Perennial
lucas@perennial.finance

Saint Vincent, Grenadines, July 25th, 2024, Chainwire

ZAP, the reputation-based token distribution protocol and Big Bang winner on Blast L2, today announced a successful raise of $15 million in a funding round led by Rarestone Capital, Cypher Capital and Sharding Capital. The round also saw participation from Auros Global, Presto Labs, and angels Larry Cermak (CEO, The Block), Chelsea Jiang (Foresight Ventures), and Luca Netz (CEO, Pudgy Penguins), plus notable angels from LayerZero.

ZAP is a community-driven token distribution protocol that validates user contribution to ensure fair and meritocratic rewards, enabling projects to sustainably build and grow their communities. ZAP features a comprehensive suite of products: A questing and airdrops protocol, a no-code token launcher, and a curated launchpad offering access to VC backed projects. These are all supported by Mission Control, ZAP’s questing and reputation system, ensuring fair and community-driven access to token distributions. 

ZAP previously raised $11m in March through a “Vault Sale”, using a similar model to the recently popular Node sales used by XAI and Aethir. More recently, they announced a partnership with analytics platform Nansen, who will help the protocol to build advanced, data-driven insights into on-chain users, enhancing ZAP’s offerings and optimizing their questing and airdrops protocols.

“It’s great to be backed not just by industry titans but also have such overwhelming support from the community,” said Carlo, Product Lead at ZAP. “Their support validates our vision of a more inclusive and fair token distribution ecosystem. With this funding, we will further enhance our platform and expand our suite of products to better serve our community and the broader blockchain space.”

ZAP is set to expand its innovative solutions by building new features, growing to new geo-locations, and broadening its reach to different blockchain ecosystems—starting with Base in July. ZAP’s ongoing developments aim to democratize access to early-stage investments and ensure that all participants can engage on a level playing field. 

In conjunction with their recent funding milestone, ZAP also launched the Blast Gigadrops Campaign aimed at fostering greater user engagement within the Blast ecosystem. Running from May 27 and still ongoing, it introduces a chapter-based airdrop system, rewarding users for both their social and on-chain interactions with over 20 leading Blast protocols and decentralized applications (dApps). The campaign boasts a prize pool nearing $1 million and includes collaboration with major partners such as Thruster, Particle, and MetaStreet among others.

About Zap

Zap is a community-driven token launch protocol designed to solve the challenges in the token launch space and provide value to both founders and investors. By offering a merit-based model, Zap ensures that all investors have an equal opportunity to participate.

Website | x | Telegram | Discord

Contact

Xiao
xiao@zap.tech