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Epic Web3 – events in AI and Web3 industries Epic Web3 – events in AI and Web3 industries @epicweb3 · 1.89K subscribers
Post #587 513
Happy Winter!

Here’s the top 3 weekly news to fuel either your rage or happiness:

💸 Wormhole Secures Massive Funding
Wormhole, a leading blockchain interoperability protocol, raised a colossal $225M in a funding round, reaching a $2.5B valuation. This is the biggest raise funding of November.

Major investors included Brevan Howard Digital, Coinbase Ventures, and others. Earlier, Wormhole partnered with Borderless Capital for a $50M Cross-Chain Ecosystem Fund, featuring collaboration from Aptos Labs, Polygon Ventures, Solana Foundation, and more.

🚨 KyberSwap Hacker Strikes Again
The KyberSwap hacker issued on-chain demands on Nov. 30. These include control of KyberSwap, authority over KyberDAO, access to all company documents, and claim over the company's assets.

🔬 American Cancer Society Embraces Web3 for Research
The American Cancer Society has partnered with Gitcoin, an open-source funding platform. This collaboration marks ACS’s foray into web3, utilizing Gitcoin's platform for the ACS Cares program and Crisis Response Fund.
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