primitive

ChainCatcher news, according to official sources, the blockchain verification layer SpaceComputer, based on satellite technology, has announced the completion of its Pre-seed financing, led by Primitive, with participating institutions including nascentxyz, tangent_xyz, symbolicvc, publicworksfm, Merkle Ventures, and Star-Shield, as well as several angel investors, such as loi_luu, co-founder of Polygon, and Melt_Dem, who also participated in this round of financing. The specific amount of this financing has not yet been disclosed.SpaceComputer is building a cryptographic system resistant to physical destruction and cyber attacks using satellites, and has launched its first product ctRNG, which generates true random numbers using space entropy.

ChainCatcher message, in response to the doubts regarding the investment share and token unlock of Hooked Protocol (HOOK), Dovey Wan, founding partner of Primitive Ventures, stated today in a community Space that the valuation when Primitive Ventures invested in Hooked Protocol was 30 million USD, and the token unlock period is the same as other VCs, starting at the end of 2023.Dovey added that due to the sensitive relationship with Hooked Protocol founder Jason (the two were once a couple), she deliberately did not participate much in the project, and even expressed surprise after Binance officially announced the launch of HOOK, saying, "Why is the product launching so early?"In response to the rumors in the market about the "Binance Labs besties" incident, she stated that personally, she is an investor in the market, while He Yi plays the role of a founder and has multiple children, which creates a "psychological distance" between them, making it difficult to say that they are in a "bestie" relationship.

ChainCatcher news, Primitive Crypto founder DoveyWan stated that although the market is in a bull phase, only a few tokens have reached new highs, reflecting the maturity of the industry and the depletion of upper-level funds.She warned that when the market becomes overly reliant on a few individuals or projects, sustainability will be challenged. Additionally, she emphasized that understanding personal strengths and focusing on areas that suit oneself is key to achieving long-term success.

ChainCatcher news, Primitive Ventures investor Marco Manoppo shared his experience of missing the hundredfold investment opportunity in Virtuals Protocol on X. Marco reflected that, despite early exposure to the project, he failed to invest in time due to a misjudgment of the trend of combining crypto and AI.He emphasized that the Virtuals team achieved rapid iteration through cost advantages in Southeast Asia and stood out in the market with a pragmatic business orientation. Marco predicts that 2025 will see a surge in the integration of crypto and AI, especially in innovations related to AI agent tokenization, consumer applications, and payment sectors.

ChainCatcher news, Sushi CEO Jared Grey posted on X that tests show Sushi surpasses major aggregators on competitive networks in key metrics such as price, gas, and latency, and the aggregation volume is steadily increasing month by month.In addition, Sushi is about to announce a strategic acquisition that will enable it to introduce built-in invisible innovative DeFi primitives into the AMM and perps vertical.Earlier today, Sushi posted "Tomorrow" on X, possibly hinting at a significant announcement to come.

ChainCatcher news, the decentralized AI network Allora posted on platform X that it will bring decentralized AI primitives to zkSync, enabling developers to build more advanced, efficient, and secure DApps. The zkSync ecosystem will have access to:AI-driven data sources for effective pricing of long-tail assets;AI agents for processing real-time market data in DeFi;AnyML for collective decentralized intelligence.

ChainCatcher news, according to The Block, Web3 AI startup Sapien has completed a $5 million seed funding round, with participation from Primitive Ventures, Animoca, Ravikant Capital, and Yield Guild Games. Sapien will use the funds to enhance its artificial intelligence to better guide and assist its data labeling. The funds will also be used to expand Sapien's blockchain infrastructure to establish its human labeling team.It is reported that Sapien uses rewards on the blockchain to essentially gamify data labeling, which is an essential process for advancing AI-driven language learning models (such as OpenAI's Chat GPT). Data labeling involves tagging text, images, and various types of files with labels, enabling machine learning models to interpret data and learn from it.

ChainCatcher news, DeFi infrastructure and product developer Primitive announced the launch of a new product called Portfolio, which allows for the low-cost creation of multi-asset liquidity positions that can be used to design specific strategies, similar to multi-asset options strategies.Specifically, when allocating assets to automated market makers (AMMs), LPs will gain exposure to a unique combination of tokens. As the prices of these tokens fluctuate over time, agents (such as arbitrageurs) will rebalance the liquidity pool to match the target value of the portfolio. Users can use it to create a fully algorithmic, trustless on-chain strategy that incentivizes agents to act.According to Rootdata, Primitive completed its Series A funding on August 18, 2022, led by Bain Capital Crypto, with participation from 1confirmation, Nascent, Robot Ventures, and others. (Source link)