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Coin Terminal, a leading Web3 platform, has partnered with ZetaChain (ZETA), a Layer-1 (L1) blockchain, to launch a new crypto hackathon, as reported to Finbold on Friday, February 21.  During the event, participants can secure up to $1 million in fundraising through Coin Terminal, as well as potential venture capital and angel investments.  The event also Features developer sessions conducted by industry experts, one-on-one mentorship programs, and exclusive networking opportunities. Picks for you Falcon Finance reaches $25 million in total value locked 18 hours ago Crypto analyst warns XRP rally may be over 20 hours ago Here’s ...

The protocol reached a total value locked of $3.8 billion at its peak. Cross-chain protocol Wormhole has secured a $225 million investment at a valuation of $2.5 billion. According to the Nov. 29 announcement, the investment round was led by Brevan Howard, Coinbase Ventures, Multicoin Capital, Jump Trading, ParaFi, Dialectic, Borderless Capital, and Arrington Capital.  The Wormhole Foundation also announced the launch of Wormhole Labs, which the company says "is an independent technology company that specializes in building products, tools, and reference implementations that help grow cross-chain activity and development." Currently, its blockchain-to-blockchain communications technology is used to bridge assets, power oracle data feeds, and transfer non-fungible tokens. Wormhole was launched in 2021 and has since facilitated over $35 billion in transactions. Developers claim that the protocol processes over 2 million cross-chain messages across more than 30 chains every d...

Alternative funding options, such as grant programs, have grown in popularity as the bear market continues to slash venture capital from the crypto industry. As the bear market keeps slashing venture capital from the crypto industry, alternative funding options, such as grants , have been gaining traction as a means of supporting the community while enabling the growth of established projects in a challenging crypto environment.  According to Blockchain Grants, at least 40 crypto projects are currently offering grants for developers working on Web3 solutions, while data from Cointelegraph Research indicates that the market downturn has left a void in crypto venture capital, resulting in a 30% drop in funds injected into Web3 projects over the past 12 months. Grants and venture capital are two different funding mechanisms with distinct purposes and conditions. While grants are often used to support projects that align with specific objectives and values, venture capital seeks startup...