Cointime

Cointime

Download App
iOS & Android
Home / Financing

Superblock Raises $8M for "Over Protocol," a New Layer 1 Blockchain Focusing on Lightweight Full Nodes

ChainwireSuperblock, a contributor to Over Protocol, has secured $8 million from major companies and VCs in South Korea through two funding rounds. The investors include SK, Netmarble, DSC, E&Investment, Schmidt, SpringCamp, and NaverZ.

Over Protocol is a new layer 1 blockchain based on a protocol named “Ethanos” that allows anyone to run a node and become a validator on their PCs at home. This enables individuals to earn potentially passive income through a process called home staking. Superblock, the company behind Over Protocol, aims to expand globally with the help of its local partners in South Korea.

Blockchain
Comments

All Comments

Recommended for you

  • Tetra Digital Group, a digital asset infrastructure company, has secured approximately $10 million in funding.

     Tetra Digital Group, a Canadian digital asset infrastructure provider, announced the completion of approximately $10 million in financing, with investors including Urbana Corporation, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank, and Shopify. As part of this investment, Tetra and its partners plan to become the first financial institution to launch a Canadian fiat-backed stablecoin in early 2026, pending regulatory approval. The new Tetra stablecoin will leverage Tetra Digital Group's institutional-grade custody infrastructure to provide businesses and consumers with a stable, secure, and fully compliant digital currency, backed by Canadian dollar reserves at a 1:1 ratio.

  • Lead Bank raises $70 million at a $1.47 billion valuation

    Lead Bank, a Missouri bank with a 97-year history, is currently restructuring to serve financial technology and cryptocurrency companies. The company has raised $70 million, with a valuation of $14.7 billion, almost double that of last year, aiming to expand its balance sheet and customer base.

  • Crypto trading platform OrangeX completes $20 million Series B funding

    cryptocurrency trading platform OrangeX has successfully completed a $20 million Series B financing round, led by Kryptos, with continued support from SCI Ventures and other major investors. The new funds will be used to strengthen core infrastructure and accelerate global market expansion.

  • BONK Treasury Company Safety Shot Completes US$30 Million in Financing

    On August 25th, BONK treasury company Safety Shot announced the completion of a $30 million financing round, led by FalconX. The transaction includes a direct issuance of approximately $5 million in cash and a simultaneous private placement of $25 million, paid in BONK tokens by BONK founding members.

  • Commission-free trading platform Midas secures $80 million in funding at a valuation of nearly $1 billion

    according to Bloomberg, Turkey's first commission-free trading platform Midas is valued at nearly $1 billion after its latest funding round. The company announced earlier this week that it had secured $80 million in funding, setting a new record for funding for a Turkish financial technology company. This round of funding was led by QED Investors, with additional investors including the International Finance Corporation (IFC) and existing investors Spark Capital. With this, Midas' total funding has reached $140 million. Midas is the owner of Istanbul brokerage firm Midas Menkul Degerler AS, and is seen as the Turkish version of the "Robinhood" trading platform.

  • August 19th Midday Update: Key Developments at a Glance

    7:00-12:00 Keywords: SoftBank, Intel, Federal Reserve

  • AI-native platform Sola completes $17.5 million Series A funding round, led by a16z

    AI native platform Sola completed a $17.5 million Series A financing round, led by a16z. Sola uses AI robots to automate workflows. Their agents observe how users perform tasks on the screen and can automatically handle these tasks even in traditional tools without APIs or integrations.

  • Web3 payment infrastructure company Transak completes $16 million in financing

    Web3 payment infrastructure company Transak has announced the completion of a new round of financing of $16 million, led by IDG Capital and Tether, with Primal Capital, 1kx, Protein Capital, and Fuel Ventures participating. Transak plans to use this funding to expand its stablecoin payment stack and enter new markets.

  • MarbleX and Netmarble Launch $20 Million Ecosystem Promotion Plan

    Ethereum game platform Immutable has announced a partnership with the blockchain game division Marblex of South Korean gaming giant Netmarble. The collaboration will migrate Marblex's ecosystem and its multiple games from the Klaytn blockchain to the Ethereum Layer 2 network Immutable zkEVM. The games include "Ni no Kuni: Cross Worlds", "A3: Still Alive" and "Meta World: My City", and the two parties will also launch an "ecosystem promotion plan" to provide up to $20 million in support to developers to attract new games to join Marblex and Immutable. It is currently unclear whether the Immutable migration will affect Saga's plans, and the project representatives have not commented on the issue.

  • Blockchain Asset Management announces launch of a dedicated blockchain fund for accredited investors

    Blockchain Asset Management, a cryptocurrency fund with a scale of $100 million, announced the launch of an exclusive blockchain fund for qualified investors. The specific amount of funds raised by the fund has not been disclosed yet, but it is said to have reached "eight figures", which means it is in the tens of millions of dollars. In addition, the investment threshold for the new fund is $100,000, and all investors are required to meet the approved standards (annual income exceeding $200,000, net assets exceeding $1 million).

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company