Flood, a protocol for order routing, management, and settlement, secured $5.2M in seed funding from Bain Capital Crypto, Archetype, and Robot Ventures. The team stated that Flood offers dApp developers tools to manage their application’s order flow, and is the only DEX with operational hooks on the market. This feature allows traders to settle transactions quickly and seamlessly within the Flood ecosystem.
This article originally appeared on www.coindesk.com
The world of cryptocurrency and blockchain technology is constantly evolving, with new developments and advancements happening all the time. Here are some of the latest tech news in the crypto and blockchain space that you need to know about.
First up, we have the rise of non-fungible tokens (NFTs). NFTs are unique digital assets that are stored on a blockchain and can represent anything from artwork to music to digital collectibles. Recently, there has been a surge in interest in NFTs, with artists and creators jumping on the bandwagon to sell their work as NFTs. This has led to a boom in the market for NFTs, with some selling for millions of dollars. The technology behind NFTs is groundbreaking, as it allows for the ownership and transfer of digital assets in a way that was not possible before.
Next, we have the continued development of decentralized finance (DeFi). DeFi refers to the use of blockchain technology to create financial services that are not controlled by traditional financial institutions. This includes things like lending, borrowing, and trading without the need for intermediaries. The DeFi space has seen explosive growth in recent years, with new protocols and platforms being developed all the time. This has the potential to revolutionize the way we think about finance and could lead to a more permissionless and inclusive financial system.
Another exciting development is the integration of blockchain technology into the gaming industry. This has led to the rise of play-to-earn gaming, where players can earn cryptocurrency by playing games. This has the potential to disrupt the traditional gaming industry and could open up new opportunities for gamers to monetize their skills and time.
In other news, there have been significant developments in the area of blockchain scalability and interoperability. These are two key challenges facing the industry, as blockchain networks struggle with slow transaction speeds and limited compatibility with each other. However, there have been major advancements in this area, with new protocols and technologies being developed to address these issues. This could lead to a more efficient and interconnected blockchain ecosystem, which would be a major boon for the industry as a whole.
Finally, there have been some interesting developments in the area of central bank digital currencies (CBDCs). Many countries around the world are exploring the possibility of launching their own digital currencies, which would be backed by the government and could potentially replace physical cash. This has the potential to revolutionize the way we think about money and could have far-reaching implications for the global financial system.
In conclusion, the world of crypto and blockchain is constantly evolving, with new developments and advancements happening all the time. From the rise of NFTs to the development of decentralized finance and the integration of blockchain technology into gaming, there are exciting things happening in this space. Keep an eye on these developments, as they have the potential to reshape the way we think about technology, finance, and the internet as a whole.