The Ultimate Guide to Protocol Solutions

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Recent Blockchain Developments & Fundraisings

Blockchain Developments

  1. Renzo: A liquid staking protocol has raised $17 million in funding rounds to expand its restaking services. The first round was led by Galaxy Ventures, with a second round led by Brevan Howard Digital Nova Fund.
  2. CARV: A modular data layer for gaming and AI raised at least $34 million through community-backed sales since its verifier node offering went public on June 5. With over 38,000 nodes distributed, it continues to decentralize platform and protocol infrastructure.
  3. Sonic: A gaming-focused layer-2 blockchain atop Solana raised $12 million in a Series A round led by Bitkraft, joined by investors including Galaxy Interactive and Big Brain Holdings.

Fundraisings

  1. Renzo: Raises additional funding to expand restaking services. Details include contributions from Galaxy Ventures (first round) and Brevan Howard Digital Nova Fund (second round).
  2. CARV: Secures significant investment through community sales, emphasizing platform decentralization and protocol support.
  3. Sonic: Secures Series A funding with backing from Bitkraft and other notable investors.

Upcoming Events

  • NEAR Foundation: Forms Nuffle Labs with $13 million in funding, focusing on a modular layer-1 blockchain for enhanced user experience.
  • Telecom Giant & T-Mobile Parent (Deutsche Telekom): Begins Bitcoin mining operations, potentially leading to significant price fluctuations in the STX token.

Calendar of Events

  • July 8–11: Bitcoin Traders sees short-term bearish target at $60K as miners pare mining holdings. Dogecoin bulls report $60M liquidations since 2021.
  • Arbitrum Community Endorses "BOLD Upgrade" for "Permissionless Validation."
  • Stacks experience a 9-hour outage, causing STX token prices to drop.
  • NEAR Foundation forms Nuffle Labs with $13M funding.
  • Deutsche Telekom plans Bitcoin mining operations after acquiring former T-Mobile parent.
  • Upcoming events include:
    • EthCC: Brussels, July 8–11
    • Bitcoin 2024: Nashville, July 25–29
    • arbitrage: August 13–17
    • Sharding: August 20–24
    • Lightning Network: September 3–6

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