Labs

The “Inevitable Games Fund,” launched as a result of the partnership between the three companies, has a $100 million budget to invest in Web3 gaming startups.  IGF - Fund Overview Immutable, Polygon Labs, and King River Team have collaborated to establish a $100 million Web3 gaming fund known as the Inevitable Games Fund (IGF). The fund aims to invest in early-stage, high-growth Web3 gaming startups and contribute to the advancement of the Web3 gaming industry. The Inevitable Games Fund is…

Palo Alto, California, March 20th, 2024, Chainwire Pilotfish, a prototype Sui extension, was able to grow smart contract execution throughput in direct proportion to the number of machines used. Mysten Labs, a team of leading distributed systems, programming languages, and cryptography experts and originators of the Sui Network, today announced a landmark achievement in scaling blockchain capacity. During testing and development in a Sui blockchain environment, Pilotfish, a prototype Sui extension, increased throughput by 8x when backed by 8 machines,…

[PRESS RELEASE – Victoria, Seychelles, March 25th, 2024] Bitget, the world’s leading cryptocurrency exchange and Web3 company, has listed BeFi Labs based BEFI tokens in its BRC20 zone, which includes trending tokens on the Bitcoin Ordinals chain. The BEFI tokens have been listed on spot and are now open for trading on the Bitget exchange. The BRC20 based multichained ecosystem BeFi, brings Bitcoin Ordinals and the vast WEB3 ecosystem on one platform. BeFi Labs is working on CeDefi innovation connecting…

On the 10th of March 2020, Liam Kovatch, the CEO of Paradigm Labs, announced the closure of the company. Paradigm Labs is a decentralized finance (DeFi) project. The company noted that the closure is because of lack of significant product-market fit and limited resources. Paradigm Labs however expressed their gratitude to their community for their support in two years of their operation. What’s Next after Paradigm Labs Closure? The DeFi  project's announcement stated that the closure will affect the broader ox…

The co-founder of Toruslabs, Zhen Yu Yong, tested positive for coronavirus after attending different Ethereum conferences. Zhen tweeted on falling ill and receiving a positive test for Covid-19. He contracted Covid-19 after attending the ETH London hackathon held from the 28th of February to the 1st of March. TorusLabs Co-founder also attended the Ethereum Community Conference (ECC), which took place in Paris from the 3rd to the 5th of March. He encouraged all those who had close contact with him…