Web3 Diaries-Solana, Polygon Lead $30 mn Fundraise
The Solana Foundation, a non-profit organization devoted to promoting the adoption of the Solana ecosystem, and Polygon led a $30 million seed investment round for Cosmic Wire, a Web3 business offering a variety of infrastructure solutions.
Avatars powered by artificial intelligence and world-building 3D architectural tools are among Cosmic Wire’s products in the crypto space, which is situated in Miami. The business also provides a range of blockchain solutions, such as analytics, digital identity management, tools for creating smart contracts, and marketplaces that are chain-independent.
Italian Soccer Club AC Milan Extends Crypto Sponsorship With BitMEX
The bitcoin exchange BitMEX and Italian soccer team AC Milan have extended their partnership. BitMEX was the team’s first-ever jersey sleeve sponsor in 2021.
In addition to its status as the official cryptocurrency trading partner, which it has held since 2021, the extended agreement also sees BitMEX identified as AC Milan’s premium partner. Since that initial agreement was signed, the BitMEX emblem has been seen on the gameday sleeves of the AC Milan women’s and men’s team uniforms.
China’s digital yuan nears $250B transaction volume
Transaction value of China’s digital yuan neared $250 billion mark in the one-and-a-half years since the start of its pilot, the country’s central bank governor has claimed.
On July 19, People’s Bank of China governor Yi Gang spoke at a conference in Singapore and said its central bank digital currency transacted 1.8 trillion yuan as of the end of June.
Yi added there have been around 950 million transactions from roughly 120 million wallets since the e-CNY’s initial January 2022 rollout lending to an average transaction amount of about $260.
He claimed around $2.3 billion, or 16.5 billion e-CNY, was in circulation at the end of June, which only represents 0.16% of China’s monetary supply, according to a July 19 Reuters report.
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