Chain News Daily Official TheBitTimes.com

On January 30, BBO Exchange (BBOX), a decentralized derivative trading platform, accomplished the closure of its pre-seed funding round. Co-led by notable early-stage venture funds Hashed and Arrington Capital, the funding round secured $2.7 million in capital, per the information shared with Finbold. Significant participation was observed from key ecosystem contributors, including Consensys, CMS Holdings, Flow Traders, Manifold Trading, Mask Network, and Laser Digital (Nomura Group). The funding round concluded in the previous year’s third quarter and received additional support from Arcane Group, Draper Dragon, Vessel Capital, Aulis Venture, Formless Capital, Press Start Capital, and One Piece Labs. Noteworthy industry figures, including Keone Hon and Hongbo Tang, also invested. BBOX’s aim  BBOX is positioned to augment the DeFi space through its distinctive strategy in decentralized derivative trading. Serving as the inaugural perpetual decentralized exchange (...

Developers pointed out the "monopolization of content and data" in centralized social media platforms as a need to create a decentralized alternative. Via a July 6 announcement, de centralized social media protocol DeSo has issued a $1 million bounty for building a competitor to Reddit using its native blockchain. In supporting the decision, developers wrote: "Reddit recently sparked controversy within its community following a decision to limit API access. This move provoked a series of 48-hour subreddit blackouts in protest. This price hike for their API has forced existing third-party developers to shut down as maintaining their applications becomes impossible." "This controversy and others highlight the ongoing problems with centralized social media platforms," developers said, while also pointing out Elon Musk's controversial decision to impose reading limits on new and verified accounts on Twitter, citing "extreme levels of data scrapin...