The funding round consisted engagement from Anchorage Digital, Galaxy Digital, and 10T Ventures. Blockchain infrastructure provider Figment appointed $50 million in a Series B funding round. And that was conduced by institutional investors Senator Investment Group and Liberty City Ventures.
- Anchorage Digital, Galaxy Digital and 10T Ventures also took part in the funding, Figment said Monday.
- The company plans to use the funding to extend its foundation across the proof-of-stake (PoS) industry backing up the services it supplies “up and down the Web 3 stack.”
- The funding pursues a $2.5 million seed round last October.
- Figment expands back-end systems and infrastructure that provide yield on tokens for PoS blockchains such as Cosmos and Polkadot.
- With Ethereum’s transition to a PoS model, Figment anticipates that the market cap of this segment of the crypto industry will “double overnight” as it will account for everything on Ethereum rails. Which includes decentralized finance (DeFi) and non-fungible tokens (NFTs).
Human Protocol, anti-bot system hCaptcha
Human Protocol, the spine for anti-bot system hCaptcha, strated a CAPTCHA web app. It is letting users to get paid in HMT for solving image-annotation challenges.
A lot of users will identify Human Protocol’s hCaptcha on websites as that thing that forces you to identify fire hydrants in a picture grid. Google’s reCAPTCHA is the market leader despite the fact that the decentralized upstart is gaining ground.
Human Protocol’s hCapthca used by websites consisting the Canadian government, video-on-demand streaming service Rakuten, research and advisory company Gartner and the classifieds website Craigslist.
The app grants users the opportunity to earn token rewards for proving their humanity while also clearing the computer-vision algorithms that power artificial intelligence (AI) technologies. Human Protocol talked about this in a press release.
Ethereum mainnet launch
The Human Protocol Foundation also declared the start of its protocol for “building decentralized marketplaces” on the Ethereum mainnet. Human was formerly live on a private Ethereum network.
“Starting today, the protocol will be able to support the creation and completion of jobs on-chain while broadening the audience that’s able to contribute to AI and ML [machine learning] technologies,”. Human Protocol’s director of technology, Harjyot Singh, said this.
In June, Human Protocol started a tool that allows developers plug its “Proof-of-HUMANity” feature into cryptocurrency wallets.
Last December, the project declared a development beyond Ethereum to the Polkadot parachain Moonbeam.