Mina ecosystem raises $92M to build the lightweight blockchain for Web3

cryptoslatePubblicato 2022-03-22Pubblicato ultima volta 2022-03-22

Introduzione

The funds will be deployed to accelerate Mina’s adoption as the leading zero-knowledge platform within Web3 by attracting world-class developers.

The Mina Ecosystem secured $92M through strategic and private sales of MINA led by FTX Ventures and Three Arrows Capital, with the participation by FTX representing the venture fund’s first major backing of zero knowledge-based smart contract technology. The leads were also joined by Alan Howard, Amber Group, Blockchain.com, Brevan Howard, Circle Ventures, Finality Capital Partners, Pantera, and five existing backers of the ecosystem. This investment is FTX Ventures’ first major backing of zero-knowledge smart contract technology, reflecting the crypto industry’s increased focus on bringing zero knowledge-based apps to Web3 to ensure user privacy and end-to-end security.

Mina classifies itself as the world’s lightest blockchain, powered by participants. It is a Layer-1 blockchain enabling easy programmability of zero-knowledge smart contracts, zkApps. Zero-knowledge proofs (ZKPs) have been popularized by the recent attention drawn to zk-rollups as a scaling solution to Ethereum’s high gas fees. Mina takes ZKP-based technology to the next level by putting it in the hands of everyday users via zkApps, Mina’s ZKP smart contracts.

Funds will accelerate ecosystem growth and expand the grants program

The funds will be deployed to accelerate Mina’s adoption as the leading zero-knowledge platform within Web3 by attracting world-class developers. Speaking about the funds Evan Shapiro, CEO of the Mina Foundation said “The funds will be deployed to accelerate Mina’s adoption as the leading zero-knowledge platform within Web3 by attracting world-class developers. More specifically, Mina Foundation will be focused on opening up more grant programs, such as a more robust grant program to support developers.”

They are also passionate about supporting contributing teams and members of the Mina community with their ongoing grants program,

“We have given out over 1,100 grants to the Mina Community including over 650 Genesis Founding members, over 430 Prism Contributing Members, and many other quarterly grantees. We are looking forward to continuing our commitment to expanding our grants programs for developers and community builders,” Shapiro continues.

Connecting peer-to-peer with permissionless technology was the true vision of many blockchain ecosystems. Allowing people to make decisions without relying on intermediaries was an ethos that many teams, developers, and projects admired about the potential of blockchain solutions. However, decentralization to date has suffered as it gained success, becoming a victim of its own success one might say. The hierarchical structure found in Web2 remains very much a part of most ecosystems and many networks are vulnerable to censorship from a few rather than accountable to the community of users.

By reducing the amount of data each user is required to download, Mina aims to scale and offer the same levels of accessibility to all users. Using zk-SNARK technology they capture the state of the entire blockchain as a snapshot. With zkApps, developers can leverage verified, real-world data to build decentralized apps in an efficient way without the need for middlemen.

Powering trustless, peer-to-peer transactions without intermediaries was one of the bigger visions of the blockchain world. Only time will tell if these visions can be communicated, developed, and adapted to suit the individuals wishing to partake in the true, decentralized future.

Letture associate

ByteDance Adopts Arm CPUs, Jensen Huang: So Sad I Didn't Buy Arm

**Summary:** At Computex 2026, Arm CEO Rene Haas announced that ByteDance and Oracle have adopted Arm's self-designed Arm AGI data center CPU. The company expects significant revenue growth from this product, projecting $20 billion in demand for the 2027/2028 fiscal years. Haas noted that restricting AI-capable CPUs from the US to China is nearly impossible due to their widespread applications. Arm's stock has surged dramatically this year, notably rising 16% after NVIDIA's Arm-based Vera CPU and RTX Spark announcements. A highlight was the informal, humorous on-stage conversation between Haas and NVIDIA CEO Jensen Huang. Huang joked about NVIDIA's failed attempt to acquire Arm and playfully lamented selling his Arm shares. Both executives showed a clear sense of camaraderie and shared regret over the missed merger. Key technical topics were discussed: 1. **AI PC Design:** Huang explained NVIDIA's RTX Spark superchip (with a 20-core Arm CPU) is designed for future AI agents that will autonomously run and use tools on PCs, blending local and cloud processing. 2. **Agent vs. OS:** Huang emphasized the operating system remains crucial, as AI agents rely on its APIs and tools to function. 3. **Growth Constraints:** He identified the shift to "useful AI" that generates profitable tokens as a primary driver for immense, almost limitless, computational demand. Haas outlined Arm's strategy across PC and data centers. For PCs, Arm collaborates with partners like NVIDIA and MediaTek, offering its compute subsystem (CSS) for custom SoCs. In data centers, its Arm AGI CPU (built on TSMC's 3nm process) has gained major partners including OpenAI, Meta, and now ByteDance and Oracle. Arm presented a multi-year roadmap for its in-house CPU line. The article concludes that while GPUs dominated the AI training race, the explosion of AI agents is shifting significant focus to CPUs for inference, state management, and tool orchestration. The industry is trending towards vertical integration, with companies like cloud providers designing chips and chip/IP firms offering full solutions, all competing to deliver more efficient computing per watt.

marsbit7 min fa

ByteDance Adopts Arm CPUs, Jensen Huang: So Sad I Didn't Buy Arm

marsbit7 min fa

New Wall Street Play: Yen Shorts Still Adding, But Japan Stocks Don't Rely on Carry Trade Unwinding

On June 3rd, USD/JPY hit 160.44, its highest level since July 2024, while the Nikkei 225 surged past 68,000 points. Contrary to popular narratives of an imminent "carry trade unwind" akin to August 2024, data reveals a more complex picture. Speculative net short positions in yen futures have actually increased, reaching -114,667 contracts by late May, suggesting traders are doubling down rather than retreating. Meanwhile, Japan's Finance Ministry conducted its largest-ever single-round FX intervention (11.73 trillion yen) in April-May but failed to hold the 160 yen line. The Nikkei's rally is not driven by carry trade dynamics. Foreign investors are aggressively buying Japanese stocks, with net purchases in 2026 running nearly 16 times higher than 2025 levels. This inflow is concentrated in AI and semiconductor-related stocks like SoftBank and Socionext, fueled by positive sector outlooks, rather than being a flight from unwinding yen shorts. Furthermore, the Nikkei has continued climbing despite the Bank of Japan's (BOJ) rate hikes to 0.75%. This disconnect exists because the current equity boom is fueled by AI-driven foreign investment, not reliant on cheap yen funding. However, this relationship remains fragile. Should the BOJ hike rates further (e.g., to 1.0%) while dollar weakness increases carry trade costs, the trajectories of the yen and Japanese stocks could reconverge, potentially triggering volatility.

marsbit12 min fa

New Wall Street Play: Yen Shorts Still Adding, But Japan Stocks Don't Rely on Carry Trade Unwinding

marsbit12 min fa

Broadcom's Q3 Guidance Misses Expectations by $12 Billion, After-Hours Trading Plummets Over 13%, AI Narrative "Cooling"?

On June 3, Broadcom released record Q2 FY26 results with revenue of $22.19B, up 48% YoY, and AI chip sales of $10.8B, up 143%. Adjusted EPS of $2.44 beat estimates. However, its Q3 AI semiconductor revenue guidance of $16B, while up over 200% YoY, fell roughly $1.2B (7%) short of analyst consensus expectations of $17.2B. This miss, coupled with slightly weaker-than-expected software revenue, triggered a severe market reaction. CEO Hock Tan maintained the FY26 AI revenue outlook of over $100B but did not raise it, disappointing investors who had priced in more robust growth. The stock plummeted over 13% in after-hours trading, erasing roughly $270B in market cap. The sell-off extended to peers like Marvell. A key concern for markets, particularly for Chinese optical module suppliers, was Tan's comment that the contribution of AI networking (e.g., Ethernet switches, optical interconnect chips) to AI revenue, currently near 40%, is expected to normalize to around 30% over time, signaling a potential peak in growth for that segment. Despite the guidance shortfall, Tan reiterated that AI demand remains "insatiable" and reaffirmed the long-term target of exceeding $100B in AI revenue by FY27. The reaction highlights the heightened sensitivity and premium valuation placed on AI-exposed stocks, where anything less than stellar guidance can prompt significant profit-taking. The broader question is whether this represents a cooling AI narrative or a correction in overstretched valuations.

marsbit12 min fa

Broadcom's Q3 Guidance Misses Expectations by $12 Billion, After-Hours Trading Plummets Over 13%, AI Narrative "Cooling"?

marsbit12 min fa

Dogecoin Price Just Entered A Critical Level, But Analyst Says It’s Not Time To Buy

Dogecoin has returned to a major long-term level on its monthly chart, entering what analyst Trader Tardigrade identifies as a critical resistance zone. Historically, this zone within a massive descending broadening channel has seen only two visits in the past decade—in 2017 and 2020—each followed by a strong rejection and deep correction. The coin has already dropped 8% after testing this area. Crucially, the analyst's chart is inverted; the "resistance" line is actually a bullish support line on a normal price chart. Past rejections from this line preceded major rallies. Therefore, the current price action near $0.0937 is viewed as a return to support, with potential for an upward bounce. A move above $0.10 could signal improving sentiment, while a break above $0.25 would confirm a bounce from support. The inverted chart structure even suggests room for significant upside toward double-digit targets.

bitcoinist26 min fa

Dogecoin Price Just Entered A Critical Level, But Analyst Says It’s Not Time To Buy

bitcoinist26 min fa

Ripple’s RLUSD Lands In Mastercard’s Stablecoin Settlement Expansion

Mastercard is expanding its stablecoin settlement capabilities, adding Ripple's RLUSD alongside other regulated stablecoins like USDC and PYUSD. This move allows issuers and acquirers to settle card transactions using digital assets on various blockchains, including Ethereum, Solana, and the XRP Ledger. The enhancement introduces intraday, weekend, and holiday settlement options, aiming to provide more flexibility, especially for cross-border payments and treasury operations. Mastercard positions this as a network-level addition that complements existing processes, with initial support focused on the US and Latin America. Ripple views RLUSD's inclusion as validation for regulated stablecoins in institutional payment infrastructure, highlighting the growing demand for faster, always-on settlement.

bitcoinist1 h fa

Ripple’s RLUSD Lands In Mastercard’s Stablecoin Settlement Expansion

bitcoinist1 h fa

Trading

Spot

Futures

Articoli Popolari

Come comprare SNT

Benvenuto in HTX.com! Abbiamo reso l'acquisto di Status Network Token (SNT) semplice e conveniente. Segui la nostra guida passo passo per intraprendere il tuo viaggio nel mondo delle criptovalute.Step 1: Crea il tuo Account HTXUsa la tua email o numero di telefono per registrarti il tuo account gratuito su HTX. Vivi un'esperienza facile e sblocca tutte le funzionalità,Crea il mio accountStep 2: Vai in Acquista crypto e seleziona il tuo metodo di pagamentoCarta di credito/debito: utilizza la tua Visa o Mastercard per acquistare immediatamente Status Network TokenSNT.Bilancio: Usa i fondi dal bilancio del tuo account HTX per fare trading senza problemi.Terze parti: abbiamo aggiunto metodi di pagamento molto utilizzati come Google Pay e Apple Pay per maggiore comodità.P2P: Fai trading direttamente con altri utenti HTX.Over-the-Counter (OTC): Offriamo servizi su misura e tassi di cambio competitivi per i trader.Step 3: Conserva Status Network Token (SNT)Dopo aver acquistato Status Network Token (SNT), conserva nel tuo account HTX. In alternativa, puoi inviare tramite trasferimento blockchain o scambiare per altre criptovalute.Step 4: Scambia Status Network Token (SNT)Scambia facilmente Status Network Token (SNT) nel mercato spot di HTX. Accedi al tuo account, seleziona la tua coppia di trading, esegui le tue operazioni e monitora in tempo reale. Offriamo un'esperienza user-friendly sia per chi ha appena iniziato che per i trader più esperti.

120 Totale visualizzazioniPubblicato il 2024.12.12Aggiornato il 2026.06.02

Discussioni

Benvenuto nella Community HTX. Qui puoi rimanere informato sugli ultimi sviluppi della piattaforma e accedere ad approfondimenti esperti sul mercato. Le opinioni degli utenti sul prezzo di SNT SNT sono presentate come di seguito.