Biconomy announced that it received strategic investments from large investors. VeChain introduced its MaaS platform. Degen announced the launch of its low-cost Layer 3 Blockchain, Degen Chain. With the impact of these developments, altcoin prices started to rise.
These 3 altcoins are on the rise with important developments!
Biconomy received strategic investment from large investors
Account Abstraction infrastructure provider integrating into 20 Blockchains and 400+ dApps with partners like Biconomy, J.P Morgan, Trust Wallet, Mercedes-Benz, Animoca Brands and Kwenta. The altcoin project today announced a major milestone in its journey to empower developers with simplified UX. Biconomy has received strategic funding from leading web3 VCs Jump Capital, Borderless Capital, Consensys Ventures, Taisu Ventures, Manifold Trading, Side Door Ventures and Blockchain Founders Fund.
Thus, it will position itself for faster growth as momentum returns in the crypto market. With the influence of this development, BICO price made a strong move north. The token increased by more than 10% on a daily basis. On the weekly chart, the altcoin price increased by approximately 18%.
Biconomy’s co-founder expressed his satisfaction
Notable investors include American entrepreneur and investor Balaji Srinivasan. In addition, a prolific investor such as Jordi Alexander, founder of Selini Capital, is among its supporters. Aniket Jindal, co-founder of Biconomy, said the following on the subject:
Securing this landmark round is a testament to the power and promise of our vision to empower web3 developers to unlock mass adoption of Blockchain technology. We remain committed to our goal of delivering a market-leading infrastructure for Web3 teams and are grateful for the trust and support of our investors.
VeChain introduced its MaaS platform
VeChain introduced Marketplace-as-a-Service (MaaS). This platform aims to simplify asset tokenization without the need for complex coding. According to the developers, this platform will be a breakthrough in its field. This initiative aims to make Blockchain technology more accessible to both businesses and individuals. VeChain also announced MotoGP champion Gresinin Racing as its first corporate customer. With the influence of the news, VET price moved north. At the time of writing, the altcoin has seen a daily increase of over 7%.
Gresini Racing uses features such as social media login and fiat currencies support to ensure user-friendliness. Thus, it aims to use MaaS to engage its fan base with digital collectibles and NFTs. According to Carlo Merlini, Commercial and Marketing Director of Gresini Racing, the platform will enable Blockchain to increase fan engagement. It will also honor the legacy of the team’s founder, Fausto Gresini.
Degen, L.ayer 3 blockchain Launched Degen Chain
Meme project Degen announced the launch of its low-cost Layer 3 Blockchain Degen Chain. Developers built the network using Arbitrum Orbit and AnyTrust DA. By the way, the settlement layer of Blockchain is Base. Degen Chain’s native Gas token is DEGEN. In another development, Syndicate became Degen Chain’s Layer 3 infrastructure partner.
cryptokoin.comAs you follow from , Degen will reportedly launch on the Degen channel community in Farcaster in January 2024. Degen is reshaping the Farcaster ecosystem by distributing tokens among founders, creators, and users. It also allows you to use DEGEN to reward those who publish quality content. To date, it has carried out 53,000 holder and over 553,000 DEGEN transactions. Meanwhile, DEGEN is up nearly 46% in the last 24 hours. The altcoin is trading at $0.02076 at the time of writing. It should also be noted that DEGEN recorded an ATH of $0.02267 during the day.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!