Jinse Finance reported that the NEAR Foundation has established Nuffle Labs and has received a $13 million funding. This round of fundraising also includes external investors such as Electric Capital, Canonical Crypto, Fabric Ventures, Robot Ventures, Caladan, and Lyrik Ventures, which will drive the development and decentralization of the NEAR ecosystem. Nuffle Labs will leverage NEAR's products to provide data availability and fast finality layer.

PANews reported on February 1 that, according to PR Newswire, Squid, a Cross-Chain InteractionLiquidity routing protocol, announced that it had received $4 million in strategic financing, led by Polychain Capital, Nomad Capital, North Island Ventures, Maelstrom, Chorus One, XYZ, Breed, Binary Builders and Typhon Ventures participated, with additional investments from Distributed Global, Fabric Ventures, Node Capital, and Chapter One. The funds will be used to accelerate development for more complex transaction sequence bundling and more efficient asset routing. In addition, the team is integrating with more interoperable networks and plans to introduce Squid to more Blockchain ecosystems beyond Ethereum and Cosmos. According to previous news, Squid closed a $3.5 million funding round in February last year, led by North Island Ventures, with participation from Distributed Global, Fabric Ventures, Galileo, Chapter One and Node Capital.

Cross-Chain Interaction Routing Service Provider Squid announced the closing of a $4 million strategic funding round led by Polychain Capital with Nomad Capital, North Island Ventures, Maelstrom and Chorus One, The Department of XYZ, Breed, Binary Builders and Typhon Ventures participated, and Squid received additional funding from Distributed Global, Fabric Ventures, Node Capital, and Chapter One. Squid currently supports thousands of assets on more than 60 chains, and this funding enables the team to continue to expand the EVM and Cosmos ecosystems, and will also build deeper integrations with more Decentralization Applications (dApps). （Prnewswire）

Odaily Payment service provider Due closed a $3.3 million seed round led by Semantic and Fabric Ventures, with participation from BlockTower, Speedinvest, Polymorphic Capital, Discovery Ventures and others. （The Block）

PANews reported on November 7 that, according to The Block, London-based payment service provider Due, completed a $3.3 million seed round of financing, led by Semantic and Fabric Ventures, with participation from BlockTower, Speedinvest, Polymorphic Capital and Discovery Ventures. The new funds will be used to further develop Due's technology and expand its fiat currency connection to more markets. It is reported that the company was founded last year and is currently building a platform to connect domestic payment channels using an open and interoperable blockchain protocol. By building Ethereum and using its various scaling solutions, Due "aims to enable underserved and emerging markets to have uninterrupted access to global liquidity, while facilitating transactions at lower costs and faster settlement times than traditional methods." Due will launch this month, connecting payment channels in the US, Europe, UK and South Africa. The company plans to expand into Latin America and Asia-Pacific in the first quarter of next year.

London-based payment services provider Due raised $3.3 million in a seed round led by Semantic and Fabric Ventures, Golden Finance reported. Due has built its own platform on top of a decentralized network to facilitate international transactions through non-custodial accounts. Due said the seed round also attracted participation from BlockTower, Speedinvest, Polymorphic Capital and Discovery Ventures. The new funds will be used to further develop Due's technology and expand its fiat currency connection to more markets.

Golden Finance reported that Macy's announced the launch of the digital fashion metaverse experience mstylelab, featuring clothing from Macy's new brand "On 34th". Users can create a digital fabric and enter a username to enter the immersive space. Shoppers who spend enough time exploring the metaverse and collecting stars can unlock digital t-shirts that match the digital fabric. Digital Fabric is likely to become an NFT in the future, with each mstylelab account getting a digital wallet address in preparation for future NFTs.

Odaily Planet Daily News Web3 open source software developer platform ONLY Dust announced the completion of US$3 million in financing, led by Fabric Ventures, with participation from Frst, Ergodic (LambdaClass) and Stake Capital. ONLY Dust supports permission-free innovation on an open platform, helping to build a “trustless” peer-to-peer network and a token-driven incentive and governance system. ONLY Dust provides support for ZK Rollups, privacy, decentralized finance, etc. to 500 developers from 17 countries. Starkware, Starknet Foundation, OP Foundation, Nethermind, Aptos, Zama, and the Ethereum Foundation all use ONLY Dust to coordinate cash and token rewards to contributors.

According to PANews on August 9, according to Fortune, Web3 network security company SphereX completed a seed round of financing of 8.2 million US dollars at a valuation of 24 million US dollars. Aleph led the investment, and participating investors included Pillar VC, Fabric Ventures and Mensch Capital Partners. SphereX helps cryptocurrency users block suspicious transmissions. SphereX's product, SphereX Protect, allows blockchain applications to prevent suspicious transactions from being executed. Developers of protocols and applications can inject SphereX's code into their software to flag future transactions that SphereX deems suspicious by analyzing past normal and abnormal transactions.

Odaily Planet Daily reported that Web3 security company SphereX completed a financing of US$8.2 million at a valuation of US$24 million. Aleph led the investment, and participating investors included Pillar VC, Fabric Ventures and Mensch Capital Partners. It is reported that the product SphereX Protect launched by SphereX allows blockchain applications to prevent the execution of suspicious transactions. Developers of protocols and applications can inject SphereX's code into their software to flag future transactions that SphereX deems suspicious by analyzing past normal and abnormal transactions. (fortune)

According to PANews on August 8, according to The Block, the generative art NFT platform fxhash raised $5 million in seed funding in a round of financing led by early web3 investment company 1kx. Other participants include Fabric Ventures, Bright Opportunities DAO, Union Square Ventures, Tezos Foundation, Tane Labs, Daedalus, Everyrealm, PunkDAO, KRPDM, Casey Reas, Thefunnguys, Lemonde2d, and Gus Lee. fxhash intends to use the funds to expand its team and prepare for a major platform upgrade within the next six months. fxhash is a Tezos-based platform that allows artists to produce generative art, or creative works made using computer code, and sell them as NFTs.

PANews July 25th, according to "Fortune" Fortune, cryptocurrency hardware manufacturer Fabric Cryptography announced the completion of a $6 million pre-seed round of financing, led by Metaplanet, Nil Foundation, Inflection, Novawulf and Era participated in the investment, the company's co-founder and CEO Michael Gao refused to provide valuation information for this round of financing, only revealed that the chip it is designing has indeed received an order worth $50 million and has signed a contract with a potential company The buyer signed a letter of intent for a deal worth about $100 million. It is reported that last week Fabric Cryptography also reached a cooperation with the ZK technology developer Nil Foundation to launch a decentralized market for encryption and outsourced proof generation.

Jinse Finance reported that the Web3 game community platform Earn Alliance released the latest version today, including the launch of the game-centric Launchpad "Rocket Launcher", which aims to help game projects connect with global audiences. Players can also complete tasks through Launchpad to obtain NFT rewards. In addition, Earn Alliance launched a content aggregator that currently aggregates more than 2,400 gaming Twitter accounts, Discord announcements, and Twitter space content. According to previous news, Earn Alliance completed a $4.75 million seed round of financing in December last year, led by CoinFund and Fabric Ventures. (Prnewswire)

Odaily Planet Daily News ZK technology developer Nil Foundation (also known as "=nil_ Foundation") has partnered with encryption hardware producer Fabric Cryptography to establish a decentralized market for encryption and outsourced proof generation, with the ultimate goal of promoting Faster, more scalable, more private and interoperable zero-knowledge computing. (The Block)