ConsenSys

Interoperability layer Union Labs raises $4M to revolutionize cross-chain infrastructure

Retrieved on: 
Monday, November 20, 2023

DOVER, Del., Nov. 16, 2023 /PRNewswire/ -- Union Labs, the team creating a hyper-efficient, zero-knowledge interoperability layer, has successfully raised $4 million in seed funding to build the first fully trustless bridge that connects appchains, layer 1, and layer 2 networks. Capital secured is also earmarked for the expansion of Union's seasoned team, comprised of leaders from Composable Finance; Consensys; Tokensoft; and Polygon; in anticipation of its upcoming mainnet launch. Other notable investors in the round include Lightshift and Chorus One.  

Key Points: 
  • The most prominent hacks are bridge hacks, yet bridges remain critical infrastructure for almost all projects, showing the need for better, more resilient products.
  • The advent of Union represents a watershed moment for the entire crypto industry: trust-minimized interoperability between Ethereum and IBC-connected blockchains.
  • CometBLS, developed by Union Labs, is an augmentation of Tendermint—a core contributor to the Cosmos network—that reduces both state growth and light client verification costs.
  • Collectively, these objectives serve as a solid springboard in helping Union Labs achieve its ultimate mission: trustless financial infrastructure.

Interoperability layer Union Labs raises $4M to revolutionize cross-chain infrastructure

Retrieved on: 
Monday, November 20, 2023

DOVER, Del., Nov. 16, 2023 /PRNewswire/ -- Union Labs, the team creating a hyper-efficient, zero-knowledge interoperability layer, has successfully raised $4 million in seed funding to build the first fully trustless bridge that connects appchains, layer 1, and layer 2 networks. Capital secured is also earmarked for the expansion of Union's seasoned team, comprised of leaders from Composable Finance; Consensys; Tokensoft; and Polygon; in anticipation of its upcoming mainnet launch. Other notable investors in the round include Lightshift and Chorus One.  

Key Points: 
  • The most prominent hacks are bridge hacks, yet bridges remain critical infrastructure for almost all projects, showing the need for better, more resilient products.
  • The advent of Union represents a watershed moment for the entire crypto industry: trust-minimized interoperability between Ethereum and IBC-connected blockchains.
  • CometBLS, developed by Union Labs, is an augmentation of Tendermint—a core contributor to the Cosmos network—that reduces both state growth and light client verification costs.
  • Collectively, these objectives serve as a solid springboard in helping Union Labs achieve its ultimate mission: trustless financial infrastructure.

100+ Web3 Founders in Survey: Product-Market Fit and Timing Are Most Existential Challenges

Retrieved on: 
Thursday, November 9, 2023

WASHINGTON, Nov. 9, 2023 /PRNewswire/ -- Bloccelerate has completed a survey of 100+ Web3 founders, concluding that finding product-market fit (PMF) and managing product-market timing are the biggest existential challenges.

Key Points: 
  • WASHINGTON, Nov. 9, 2023 /PRNewswire/ -- Bloccelerate has completed a survey of 100+ Web3 founders, concluding that finding product-market fit (PMF) and managing product-market timing are the biggest existential challenges.
  • The survey covered 13 questions which elicited both open-ended responses and structured rankings of common challenges faced by web3 founders.
  • Responses to the survey reveal factual information (e.g., years in the industry), opinions (e.g., what is THE single most existential problem facing the space?
  • Last Friday, Bloccelerate hosted 140+ Web3 founders, investors, and experts at the Harvard Club of New York City to discuss the challenges and priorities captured in the survey results.

EigenPhi Partners with Consensys to Uncover Novel Insights into DeFi Transactions Structures and Strategies

Retrieved on: 
Wednesday, November 1, 2023

EigenPhi will regularly supply Consensys and its products and platforms, i.e., Metamask and Infura, with comprehensive research reports, offering unparalleled depth and breadth of data-driven insights and analytics into transaction structures and trading strategies.

Key Points: 
  • EigenPhi will regularly supply Consensys and its products and platforms, i.e., Metamask and Infura, with comprehensive research reports, offering unparalleled depth and breadth of data-driven insights and analytics into transaction structures and trading strategies.
  • The insights generated by EigenPhi’s automated trade analyses will provide actionable intelligence for stakeholders, including Consensys, to optimize users’ transactions, including improving cost and inclusion.
  • This partnership will illuminate these aspects even further, shedding light on DeFi transactions structure and strategies,” said Didier Le Floch, Engineering Leadership at Consensys.
  • “Consensys will leverage these insights to optimize transactions and improve outcomes for both users and builders.

MetaMask Adds Privacy-Preserving Security Alerts That Aim To Prevent Billions From Being Stolen

Retrieved on: 
Tuesday, October 31, 2023

Today, MetaMask , the world’s leading self-custody web3 platform developed by Consensys , and Blockaid , a leading web3 security provider, announce the launch of privacy-preserving security alerts in the MetaMask extension.

Key Points: 
  • Today, MetaMask , the world’s leading self-custody web3 platform developed by Consensys , and Blockaid , a leading web3 security provider, announce the launch of privacy-preserving security alerts in the MetaMask extension.
  • MetaMask and Blockaid estimate that these privacy-preserving security alerts, available to all users globally, aim to prevent billions worth of assets from being stolen.
  • Most web3 wallets rely on sharing users' transaction data with a third party for validation to provide security alerts.
  • “With these native privacy-preserving security alerts, MetaMask is not only enhancing user safety but also setting a new standard for privacy-preserving security in the web3 ecosystem.

Tofu raises $5M seed round to put B2B Marketing on Autopilot

Retrieved on: 
Thursday, October 19, 2023

In today’s fiercely competitive B2B marketing landscape, revenue teams have struggled to find effective ways to reach their target customers.

Key Points: 
  • In today’s fiercely competitive B2B marketing landscape, revenue teams have struggled to find effective ways to reach their target customers.
  • Tofu solves this problem by allowing marketing teams to easily mass generate on-brand and personalized content for any channel.
  • Tofu enables marketing teams to run more effective personalized campaigns at scale by bringing AI into the team's workflows.
  • ” - Mark Goldberg, Partner @ Index Ventures
    Tofu provides a unified platform for creating hyper-personalized, omnichannel campaigns at scale that converts leads for B2B marketing teams.

Diamond Lake Minerals Strengthens Advisory Board with Seasoned Entrepreneur and Blockchain Expert Agnes Budzyn

Retrieved on: 
Friday, October 6, 2023

Ms. Budzyn is a distinguished entrepreneur, and board member with a wealth of experience in blockchain, digital assets, and traditional finance.

Key Points: 
  • Ms. Budzyn is a distinguished entrepreneur, and board member with a wealth of experience in blockchain, digital assets, and traditional finance.
  • Brian J. Esposito, CEO of DLMI, expressed his enthusiasm for Agnes Budzyn joining the team, stating, "We are privileged to welcome Agnes Budzyn to our advisory board.
  • Her expertise and deep understanding of blockchain, digital assets, and finance align perfectly with our mission at Diamond Lake Minerals.
  • With the addition of Agnes Budzyn to the advisory board, Diamond Lake Minerals reinforces its commitment to innovation and excellence in the digital asset and security token industry.

Senser Launches with $9.5M to Disrupt Legacy Observability Technology

Retrieved on: 
Wednesday, September 27, 2023

TEL AVIV, Israel, Sept. 27, 2023 /PRNewswire/ -- Senser, the pioneer of zero-instrumentation production intelligence, emerged from stealth with $9.5 million in seed funding to launch an AIOps platform that leverages Extended Berkeley Packet Filter (eBPF) technology to provide enterprises with deep insights into their complex cloud and IT environments. The seed round was led by Eclipse with participation by Amdocs and other private investors.

Key Points: 
  • Harnessing the power of groundbreaking eBPF technology, Senser's platform enables dynamic, non-intrusive data collection with zero instrumentation or configuration required.
  • But traditional observability technology places a massive burden on organizations to implement, configure, and manage these tools – and decode what a flood of alerts means for their bottom line.
  • Traditional application and performance monitoring (APM) and observability technology costs enterprises an average of 20-30% of overall infrastructure costs .
  • This does not include the expense of dedicated engineering resources to configure, customize, analyze, and maintain observability technology as a company's cloud environment evolves.

Protocol Labs and Consensys Join Forces to Empower Web3 Innovators via Consensys Scale Program

Retrieved on: 
Monday, September 25, 2023

SAN FRANCISCO and AUSTIN, Texas, Sept. 25, 2023 /PRNewswire/ -- Protocol Labs and Consensys, two foundational web3 players, today announced a partnership aimed to support leading blockchain ventures via Consensys Scale (formerly Consensys Startup Program).

Key Points: 
  • SAN FRANCISCO and AUSTIN, Texas, Sept. 25, 2023 /PRNewswire/ -- Protocol Labs and Consensys , two foundational web3 players, today announced a partnership aimed to support leading blockchain ventures via Consensys Scale (formerly Consensys Startup Program).
  • The Scale program, spanning 24 months, is tailored for dapps and blockchain companies between Seed and Series A funding stages.
  • Builders in Scale now have access to Protocol Labs' experience in supporting hundreds of founders in their entrepreneurial journey.
  • Ruben Amenyogbo, Builders Fund Partner at Protocol Labs and Alex Greinacher, Program Director at Consensys, are available for an interview.

Protocol Labs and Consensys Join Forces to Empower Web3 Innovators via Consensys Scale Program

Retrieved on: 
Monday, September 25, 2023

SAN FRANCISCO and AUSTIN, Texas, Sept. 25, 2023 /PRNewswire/ -- Protocol Labs and Consensys, two foundational web3 players, today announced a partnership aimed to support leading blockchain ventures via Consensys Scale (formerly Consensys Startup Program).

Key Points: 
  • SAN FRANCISCO and AUSTIN, Texas, Sept. 25, 2023 /PRNewswire/ -- Protocol Labs and Consensys , two foundational web3 players, today announced a partnership aimed to support leading blockchain ventures via Consensys Scale (formerly Consensys Startup Program).
  • The Scale program, spanning 24 months, is tailored for dapps and blockchain companies between Seed and Series A funding stages.
  • Builders in Scale now have access to Protocol Labs' experience in supporting hundreds of founders in their entrepreneurial journey.
  • Ruben Amenyogbo, Builders Fund Partner at Protocol Labs and Alex Greinacher, Program Director at Consensys, are available for an interview.