ulab

LayerBank announced the completion of a $2.3 million Pre-Seed funding round, with participation from Move Industries CEO Torab Torabi, Coin Bureau Chinese, DVchain, Taiko, Rootstock, and several angel investors and ecosystem contributors.The new funds will be used to advance the development and launch of its native token ULAB, which is designed as the foundation for the platform's long-term value capture and incentive model. LayerBank plans to hold its token generation event (TGE) on the Movement Network. LayerBank is a universal liquidity and on-chain money market that currently supports over 150 markets across more than 17 chains, aiming to provide lending and yield strategies through a unified chain abstraction experience.

ChainCatcher news, Baidu is exploring the overseas native Web3 market centered around DuDuLab, and is creating a Web3 NFT IP metaverse based on the story of DuDu island, which may become the first Web3 Disney in the future.It is reported that DuDuLab uses AI to assist holders in creation, aiming to change the traditional NFT operation model and help enterprises willing to transform and develop in Web3 to issue and plan operations for NFTs and other processes.