Matr1x, the Web3 platform facilitating the mobile shooting game Matr1x Fire, recently concluded its A-2 financing round, securing an additional $10 million. The funding round, led by Folius Ventures and co-led by SevenX, saw participation from ABCDE Capital, Find Satoshi Lab, Initiate Capital, and Jambo, bringing Matr1x's total funding to $20 million. Currently in the development of a trilogy highlighting the conflict between centralized and decentralized data entities, Matr1x is gearing up for the mint of Kuku, its third NFT collection, designed as an NFT pass for governance access and revenue sharing. The platform reported a period of hyper-growth and innovation following a successful Alpha testing phase in August.
MapMetrics, a Web3 drive-to-earn navigation app rooted in Solana, has expanded its operations to the peaq blockchain. This expansion enables users to anonymously share location data, earning digital currency and NFTs without compromising privacy to advertisers. Leveraging peaq as part of its decentralized physical infrastructure network (DePIN), MapMetrics employs peaq IDs for secure data authentication and plans to implement a community voting mechanism for user contributions to the navigation service.
Bybit Institutional, the institutional arm of the Bybit exchange, has announced an enhancement to its Portfolio Margin Mode, now incorporating spot trading capabilities. This upgrade empowers traders to seamlessly integrate spot positions into their hedging strategies, enhancing risk management practices in the dynamic cryptocurrency landscape. The integration aims to reduce margin requirements and provides a unified platform for managing the entire portfolio.
Bitget has introduced Arabic language support for eleven Middle-Eastern and North African countries on its mobile application and website. This strategic linguistic support aims to facilitate smoother learning processes and communication for users involved in buying and selling cryptocurrencies in the region. Bitget users can now trade cryptocurrencies in over 12 Middle Eastern currencies, accessing a diverse range of more than 590 listed tokens. The language support extends to various features on the platform, and users in the Middle East are set to benefit from zero fees for buying and selling cryptocurrencies through Bitget P2P.
ClickPesa and Pendulum, a technology company bridging the Polkadot and Stellar ecosystems, have joined forces in a technology partnership with a focus on decentralized finance (DeFi). Through DeFi solutions on the Pendulum blockchain, the collaboration aims to enhance financial accessibility for small and medium-sized enterprises (SMEs) by financing Microfinance Institutions (MFIs) through the ClickPesa Debt Fund. This on-chain initiative is designed to offer improved accessibility and interest rates for MFIs in emerging markets, fostering a positive impact and creating synergy between profit and purpose.
Cathedra Bitcoin Inc., a Bitcoin mining company, has announced a debt settlement and debenture extension. In this initiative, Cathedra plans to settle a portion of the outstanding principal amount of debentures by issuing common shares. The debt settlement involves a deemed price per share, and Cathedra also intends to amend the maturity date of outstanding debentures after completing the settlement.
In summary, today's developments in the crypto landscape include Matr1x's successful funding round, Bybit Institutional's Portfolio Margin Mode enhancement, Bitget's Arabic language support, ClickPesa and Pendulum's technology partnership focusing on DeFi, and Cathedra Bitcoin Inc.'s debt settlement and debenture extension.
