The latest in blockchain tech upgrades, funding announcements and deals. For the period of Oct. 10-16.
Friday, Oct. 11
Yala, Bitcoin Liquidity Layer Featuring Stablecoin Protocol, Raises $8M in Seed Round
Yala, a Bitcoin liquidity with a modular approach featuring an overcollateralized stablecoin protocol, has raised $8 million in a seed round. According to a press release, the round was co-led by Polychain Capital and Ethereal Ventures, with participation from prominent investors, including Galaxy Vision Hill, Anagram, Amber Group, ABCDE, Ambush Capital, GeekCartel, HashKey Capital, L2 Iterative Ventures (L2IV), SatoshiLab, UpHonest Capital, UTXO Management and 280 Capital. "The capital will be used to fund expansion of Yala's engineering, growth and security teams ahead of its mainnet launch," the company said. Yala is set to release its testnet next week.
Ton Society to Host TON Bootcamp in London on Oct. 10-11
TON Society sent the following message: "London’s first TON Bootcamp will bring top builders and innovators to the city. Hosted by TON Society and Flight3, this two-day Hackers League Bootcamp will take place Oct. 10-11 at Woolwich Works. Focusing on the TON and Telegram ecosystem, the event offers hands-on experience, networking with experts and interactive sessions. Aspiring founders can form teams, develop ideas and receive mentorship before pitching their projects. Three winners will each receive $5,000 and advance to the Hackathon finals, featuring a $2M prize pool and potential $500K investments."