News

On March 18th, Layer1 blockchain MANTRA, which focuses on RWA assets, stated in its official blog that the results of a sybil investigation showed that out of 217,351 wallets, 123,195 have been disqualified; due to failure to bridge and associate their mainnet wallet addresses, there are still 80,000 unallocated wallets. As a reward for discovering activities related to bots involving 1,066,480 OM tokens ,29 community members were allocated with 106648 OM tokens for providing high-quality and effective witch reports. To ensure legitimate participants receive their GenDrop quota,the self-reports that could not be reliably verified for accuracy have been invalidated; therefore according to the proposal ,26 ,942144 OM will be reserved for destruction. Next,a governance proposal will be shared where the community can vote on the future of these OMs. Last December news reported that MANTRA's new proposal suggested updating OM token economics including reducing chain inflation rate down to three percent.

The multi-engine Web3 gaming platform PlaysOut announced the completion of a $700,000 seed round financing. The round was led by Kenetic Capital and KBW Ventures, with participation from Gam3Girl Ventures, Oak Grove Ventures, Aptos, Yugana Labs, Sentor Investments, Longling Capital and others. The valuation reached $70 million. The new funds are intended to drive its efforts to bridge the gap between Web2 and Web3, enabling developers to unlock monetization models by building assets on-chain and exploring token-based incentives, NFT integration and blockchain-driven economies.