3 big players from the altcoin market take the stage with new partnership and investment news. Notably, Worldcoin’s new funding round confirmed that companies are still showing interest in the blockchain industry.
Sam Altman’s altcoin project Worldcoin receives $115 million investment
Tools for Humanity, the team behind Worldcoin, has raised an impressive $115 million in its Series C funding round.
Blockchain Capital led the major funding round. A16z has seen the participation of famous firms like Bain Capital Crypto and Distributed Global.
Currently, Worldcoin is in development where it focuses on creating a decentralized World ID and Worldcoin token. According to the announcement, the funds collected will be allocated to the research and development of the project. cryptocoin.comIn this article, we have included what you need to know about Worldcoin, backed by OpenAI’s CEO, Sam Altman.
Coin98 announces strategic investment in TomoChain
Coin98 has announced a strategic investment in blockchain network TomoChain. This move marks an important step forward in Coin98’s efforts to accelerate infrastructure development. Also, Coin98 will now serve as the official wallet of TomoChain.
However, it will make it easy for millions of users to join the Web3 space through the combined power of Coin98 and TomoChain.
Coin98 announces strategic investment in @TomoChainANN to keep expediting infra building 🏗️
Following that, @coin98_wallet is becoming the official wallet of this layer-1 blockchain, onboarding the next millions of users to #Web3.
Read more 👉https://t.co/tFapQ9oJdH pic.twitter.com/iWedunyVMw
— Coin98 Labs (@coin98_labs) May 25, 2023
Coin98’s decision to support TomoChain demonstrates its commitment to drive industry adoption. The company believes in the potential of infrastructure scalability, especially in the area of layer-1 blockchains.
In addition, the company is actively interested in engaging new users in the Web3 environment through its partnership with TomoChain. Vinh The Nguyen, CEO of Coin98 Finance, highlighted his commitment to recruiting millions of users through the partnership. Long Vuong, Founder of TomoChain, talked about the potential to further expand their team, attract developers to the network and facilitate the participation of millions of users.
Circle expands payment solutions to Avalanche network
Circle, the company behind USDC, has launched Euro Coin, a new stablecoin on the Avalanche network. Euro Coin represents the first step in Circle’s ambitious plan to implement a series of multi-chain launches aimed at providing faster and more efficient financial services for developers and users.
The Avalanche integration of Euro Coin will significantly increase euro liquidity. It will also offer global users the option to trade in Euro Coins and USDC.
Meanwhile, Circle’s Vice President of Product Joao Reginatto highlighted the company’s initial goal when Euro Coin was launched on Ethereum last year. Circle aims to make the euro accessible to anyone across borders and time zones with an internet connection.
The entry of Euro Coin into the Avalanche network is seen as an important milestone by John Nahas, Vice President of Business Development at Ava Labs. Nahas says the arrival of Euro Coin opens up new opportunities for developers and end users alike.
