This is a segment from The Breakdown newsletter. To read more editions, subscribe “We never made the error that so many others have: mistaking their product for the device that delivers it.” — Michael Bloomberg I’m old enough to remember when a Bloomberg Terminal was a stand-alone box wedged onto a cluttered trading desk between
Key Takeaways Sorare, a fantasy sports platform, is migrating its ecosystem to the Solana blockchain. The move aims to enhance transaction speed, composability, and interoperability for Sorare’s users. Sorare, a fantasy sports platform, today announced its migration to the Solana blockchain to enhance transaction speed and composability across its gaming ecosystem. The move positions Sorare
TransCrypts, a blockchain startup building tools for people to own and share verified credentials, has raised a $15 million seed round led by Pantera Capital. The round included Lightspeed Faction, Alpha Edison, Motley Fool Ventures, and a mix of returning investors such as Mark Cuban and Protocol Labs. The funding follows a strong summer for
YZi Labs, the venture office of Binance co-founder Changpeng Zhao and formerly known as Binance Labs, is creating a $1 billion fund to support long-term builders in the BNB ecosystem, the firm announced on Wednesday. The fund will focus particularly on builders developing on BNB Chain in areas like trading, real-world assets, artificial intelligence, and
DMCC, an international business district that drives the flow of global trade through Dubai, has partnered with the Dubai Virtual Assets Regulatory Authority (VARA) to advance global infrastructure for tokenized commodities, including gold, diamonds and other high-value commodities. The agreement seeks to integrate physical commodities into blockchain-powered financial systems. As per the press release, the
Pi Network has announced the launch of its Rust Software Development Kit (SDK). A move aimed at enabling developers to build, test and deploy smart contracts on blockchain. The new SDK is modeled after the Stellar Soroban Rust SDK. It offers tools, libraries and a command line interface (CLI) to streamline contract development. Work on
KAIO, the tokenization firm backed by Brevan Howard and Nomura Bank’s crypto-focused Laser Digital, is bringing its tokenized funds to the Sei network (SEI) as real-world asset demand is expanding. The firm, formerly known as Libre Capital, has issued over $200 million in assets, including token versions of feeder funds of Brevan Howard, Hamilton Lane,
Nansen, a startup that specializes in blockchain data analysis, has just formed a partnership with Sui Network. The collaboration will enable the on-chain analytics capabilities of Nansen to be utilized by more than two million users. We’re teaming up with @SuiNetwork and bringing our onchain analytics firepower to one of the fastest-growing ecosystems in crypto.
ChainAware.ai, an artificial intelligence (AI-Powered) blockchain analytics platform that provides real-time fraud detection, wallet auditing, and predictive analytics platform, is pleased to announce its groundbreaking partnership with Novastro, an artificial intelligence (AI) platform, focused on Real-World Asset (RWA) tokenization. The core objective behind this partnership is to provide a scalable, transparent ecosystem for RWA by
The supply of stablecoins on Solana and BNB Chain has hit new highs, indicating a revival in decentralized finance (DeFi). On-chain analyses show that Solana’s stablecoin supply reached $15.3 billion, while BNB Chain’s stablecoin supply was close behind at $13.9 billion for both networks to achieve all-time highs. The uptick in supply also represents a