PayPal, Galaxy Invest in Blockchain Risk Optimization Platform

• Chaos Labs raised $20 million in seed funding led by Galaxy Digital and PayPal.
• Tezos partnered with Google Cloud to accelerate Web3 application development.
• Router Protocol launched its Layer 1 blockchain, Covalent expanded its work alongside NodeReal, and BitPay and ZenLedger joined hands for tax solutions.

Investment News

Chaos Labs, a US-based cloud platform for securing blockchains and protocols, announced it raised $20 million in seed funding led by investment management firm Galaxy Digital and payments giant PayPal, with participation from Coinbase Ventures, Polygon, Avalanche, OpenSea and UniSwap among others. The funds will be used “to automate on-chain risk optimization” allowing the team to “expand our suite of products & keep risk management at an optimal level” according to Chaos Labs’ founder and CEO Omer Goldberg.

Blockchain News

The Tezos Foundation which promotes the adoption of the Tezos blockchain announced today that it is working with Google Cloud to accelerate Web3 application development on the Tezos blockchain. The collaboration includes Google Cloud becoming a Tezos network validator (or “baker”) and Tezos helping Google Cloud’s corporate customers deploy Tezos nodes said a press release. Through the collaboration select Tezos incubator startups will also be eligible to receive Google Cloud credits and mentorship via the Google for Startups Cloud Program it added.
Router Protocol an infrastructure enterprise enabling communication between blockchains announced the devnet launch of its Layer 1 blockchain. Per the announcement Router Chain’s primary purpose is to increase Web3 adoption by solving existing problems in cross-blockchain communications such as security scalability decentralization and a lack of true-blue cross-chain decentralized apps (dapps). It added that “Router Chain introduces the concept of composability for the first time in the interoperability space.”
Covalent announced their expansion of work alongside blockchain infrastructure provider NodeReal which will involve their release of Premium Balance API a paid upgraded offering for developers looking to leverage NodeReal’s infrastructure and Covalent’s pool of blockchain data. The Premium Balance API enables developers to maximize API capabilities by increasing speed and efficiency of data queries said the announcement.

Tax News

Crypto payment service BitPay announced their partnership with tax compliance software provider ZenLedger which will allow users who transact through BitPay’s suite of products including BitPay Send & Payroll APIs access automated crypto tax reporting services from ZenLedger directly within those products said an official statement from both companies. This partnership brings together two industry leaders who are committed to providing comprehensive solutions for businesses & individuals across multiple use cases related to digital asset transactions & accounting it added further details about how this relationship could benefit users going forward

Other News

The Sandbox a gaming metaverse powered by Ethereum NFTs announced its collaboration with Ubisoft one of world’s largest game publishers as part of their Creator Program initiative said an official press release from both companies This collaboration allows Ubisoft developers creators & artists access The Sandbox Creator Fund which provides up to €250000 worth grants per project they develop within The Sandbox Metaverse based on TSB Gaming Tokens (SAND).

Opera News

Opera launched Alteon LaunchPad designed specifically for DeFi projects built on Ethereum Opera has been leveraging Alteon LaunchPad since November 2020 when it was released as part of Opera Touch said a press release announcing this new product Alteon LaunchPad helps developers build faster more secure dApps with integrated wallets seamless transactions low transaction fees no gas fees & more all while taking advantage of Opera’s unique features such as bridge support wallet linking & more without having to worry about compatibility or user experience issues associated with other browsers or platforms

PayPal, Galaxy Invest in Blockchain Risk Optimization Platform
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