Blueprint Finance Secures $7.5M Funding, Introduces Concrete Protocol

The week of February 15-21 witnessed significant milestones, funding announcements, and technological advancements. At the forefront of these developments is Blueprint Finance, emerging from stealth mode with a substantial $7.5 million funding round led by prominent crypto-native investors.

Tribe Capital, Hashed, Portal Ventures, SALT, and other key players have joined forces to address one of the crypto market’s pressing issues – liquidation. Blueprint Finance’s flagship product, the Concrete Protocol, is designed as an appchain specifically tailored for on-chain debt and credit solutions. With a focus on optimizing yields, providing liquidation protection, and offering advanced predictive capabilities, Concrete Protocol aims to revolutionize the decentralized finance (DeFi) sector, starting with money markets.

As Blueprint Finance takes strides towards reshaping the DeFi landscape, other notable advancements within the blockchain ecosystem have also emerged. Uphold, a global Web3 financial platform, celebrated the conclusion of the two-month beta phase for Vault, its assisted self-custody wallet. With a significant volume of $33 million in assets traded during the beta period, Vault garnered praise for its user-friendly interface and simplicity in fund management.

Additionally, QuickNode, a leading Web3 development platform, expanded its offerings by adding support for zkSync hyperchains. Powered by ZK Stack, these hyperchains ensure robust data privacy and scalability, catering to enterprise-grade applications while maintaining compliance standards. QuickNode’s integration of zkSync technology enhances its infrastructure capabilities, enabling seamless asset bridging and liquidity flow for businesses.

Meanwhile, Lava, a Cosmos-based appchain, raised $15 million in a seed round led by Tribe, Jump, and Hashkey Capital. With plans to launch its mainnet shortly, Lava aims to establish a modular data access layer for Web3, facilitating easy app development across various chains and rollups. By incentivizing user participation through a points system, Lava seeks to foster community engagement and scalability within the network.

In another significant development, Injective, a blockchain platform for finance, introduced mainnet support for Solana domain-name bridging with Wormhole. This cross-chain integration enables users to leverage single domain names across Web3 and Web2 environments, streamlining transactions and enhancing the overall user experience. Injective’s commitment to interoperability underscores its dedication to driving innovation and accessibility in the blockchain space.

Lastly, Helika, a data analytics provider for Web3 gaming, announced the completion of an $8 million Series A fundraising round. Backed by Pantera, Animoca, Diagram, and Sfermion, Helika aims to advance its AI-powered suite of products and services. By aggregating data across multiple chains, social media platforms, and games, Helika empowers gaming studios with actionable insights to optimize user acquisition, retention, and engagement strategies, ultimately driving profits within the gaming ecosystem.

As these developments unfold, the Protocol Village community continues to serve as a vibrant hub for blockchain innovation, fostering collaboration and driving progress in the decentralized future.