Protocol Village Heats Up: Stork Secures $4.7M Funding, VitaDAO Creators Unveil New ‘BIO’ Project
Innovations in Blockchain and Web3: Navigating Recent Developments and Funding Ventures
Date Overview: August 22
Stork Network Secures $4.7M to Enhance Pricing Oracle Services
Stork Network, known for delivering crucial pricing oracle services across diverse asset categories, has successfully garnered $4.705 million in a recent seed funding initiative. This financial injection was led by notable entities such as Lightspeed Faction and Lattice, with additional support from CMS and Wintermute Ventures. The capital raised will be strategically utilized to broaden Stork Network’s product offerings, primarily focusing on the development and launch of the Open Data Market. Meredith Pitkoff, a founder at Stork Network, underscored the potential impact of this expansion.
VitaDAO’s New Venture: BIO Protocol to Support Health Research Funding
VitaDAO has recently unveiled BIO, an innovative protocol designed to facilitate funding for scientific health research by leveraging the collective power of patients, scientists, and biotech innovators globally. Not only does this protocol promise new revenue streams from commercialized therapeutics that benefit all participants within the BIO ecosystem but also had its inaugural Token Generation Event (TGE), amassing $6.2 million with supporters like Zee Prime and 1kx ID Theory lining up. The BIO team further plans another financing phase soon while underscoring their use of Molecule’s on-chain framework for managing intellectual property rights within their network.
Ark Labs Raises $2.5M for Bitcoin Layer-2 Innovations
Ark Labs has announced a successful pre-seed funding round raising $2.5 million led by Draper Associates along with Fulgur Ventures and Axiom Capital contributing alongside angel investor Stephen Cole. This fund will accelerate Ark Labs’ mission toward enhancing Bitcoin payments scalability through its novel Ark protocol while inviting tech talents to join through open signups for their upcoming Ark Node beta—an intuitive user-oriented Lightning Network wallet.
Zellic Acquires Code4rena To Bolster Blockchain Security Capabilities
In a strategic move marking its first acquisition ever; Zellic—a leader in blockchain security audits—has acquired competitive auditing forum Code4rena which boasts among its ranks the largest cohort of security researchers globally according to both teams involved.
SwapKit.dev Integrates with BitPay Expanding Crypto Accessibility:
The recent collaboration between SwapKit.dev—an engineer/provider dev”]
