Latest news with #Monad
FF News
a day ago
- Business
- FF News
Levr Bet Raises $3M for Leveraged Sports Betting on Monad, Led by Blockchain Capital and Maven 11
Levr Bet , today, announced it has completed a $3 million round led by Blockchain Capital and Maven 11 for the world's first leveraged sports betting platform. Building on Monad, the seed round brings Levr's fundraising total to $5.3 million since 2024. As the sports betting market continues to surge, expecting to gross nearly $95 billion globally by 2029, Levr Bet is unlocking even greater betting potential on blockchain. Over the 5 months across Levr's beta on testnet, more than 600,000 unique wallets have placed over 5 million bets, making it the most active decentralized sports betting exchange on Monad testnet. 'Levr Bet has shown a glimpse of what's possible when high-performance throughput and usability converge onchain,' said Keone Hon , Co-Founder and GM of the Monad Foundation. 'Across their testnet, LEVR has shown that decentralized applications can deliver real-world utility at scale, with over half a million wallets and millions of bets during testnet. As we prepare for mainnet, projects like LEVR demonstrate the kind of innovation that can truly accelerate adoption of blockchain technology.' 'Levr is an example of how blockchain can move beyond speculation into real-world use cases with strong mainstream interest,' said Sterling Campbell , Investor at Blockchain Capital. 'Perps and prediction markets are gaining popularity by the day, and they're still in their nascent stage of mainstream consumer exposure. By combining the excitement of sports betting with the transparency and capital efficiency of onchain leverage, we are confident that Levr is uniquely suited to tackle this sector and give their users a great experience.' Levr Bet has demonstrated strong traction during its testnet, notably around major sporting events, including the 2025 NFL Super Bowl and NCAA March Madness, drawing high engagement in each sport. Beyond usage, Levr has gained recognition within the broader crypto ecosystem, placing third at the inaugural Monad Madness in Fall 2024 and earning a finalist spot at the TOKEN2049 Singapore NEXUS Startup Pitch competition. 'We want to thank our lead investors, Blockchain Capital and Maven 11, plus all other investors, for their increasing support,' said Mr. Blue , Founder of Levr Bet. 'Sports fans worldwide ache for improved betting and in-game participation. With LEVR Bet, users can expect the greatest thrill in sports aside from actually playing the game.' LEVR Bet joins a series of major fundraising deals for Monad apps, including Kuru, Perpl, FortyTwo, and Opinion Labs. Currently offering markets on MLB, NFL, and NBA, LEVR Bet is now focused on expanding into soccer, cricket, and new bet types ahead of Monad's mainnet launch.
Associated Press
22-07-2025
- Business
- Associated Press
Uniswap Labs and Partners Unveil DeFi Education Campaign
SINGAPORE--(BUSINESS WIRE)--Jul 21, 2025-- Uniswap Labs, together with Coinbase Singapore, Monad and a network of local community groups, launched the DeFi Safety Quiz —an interactive, mobile-first lesson that turns crypto knowledge into teachable moments for everyone. This press release features multimedia. View the full release here: By answering bite-size questions on wallets, approvals and onchain etiquette, participants learn practical actions and sharpen their crypto basics. 'We designed this campaign for people who are simply curious about crypto and are not sure where to start. We hope that through education, more people will learn how to interact with digital assets and blockchain in a meaningful way,' said Sara Mangee, International Growth Manager for Uniswap Labs. The DeFi Safety Quiz is live today, participants who finish the lesson and share their score earn an exclusive invite to a graduation event in August in Singapore's tech district. 'At Coinbase, we believe education is the first step towards greater financial confidence. This quiz, together with our partners like Uniswap Labs, helps Singaporeans navigate the web3 space safely with practical knowledge,' said Hassan Ahmed, Country Director at Coinbase Singapore. 'At Monad, we believe that crypto unlocks opportunities for everyone to have greater freedom over their finances, but safety comes first and that's what this campaign is about,' said the team at Monad Foundation. Uniswap Labs launched its presence in Singapore in 2024. Since then, its focus has been on grassroots community building and educational initiatives. In the past year, the company brought DeFi education to over 1,500 students across four major universities. Singapore ranks #4 globally for DeFi adoption per capita, underscoring the importance of accessible, high-quality onchain education in an increasingly active industry. About Uniswap Labs Uniswap Labs builds products for users to safely and securely access DeFi, including an API, the Uniswap Interface and Uniswap Wallet, which collectively serve millions of users. Uniswap Labs also contributes to the development of the Uniswap Protocol, a peer-to-peer system for swapping digital assets that has processed over $3 Trillion in all-time volume. For additional information about Uniswap Labs visit About, Twitter/X or LinkedIn. View source version on [email protected] KEYWORD: SINGAPORE SOUTHEAST ASIA ASIA PACIFIC INDUSTRY KEYWORD: PERSONAL FINANCE TECHNOLOGY FINANCE FINTECH PROFESSIONAL SERVICES DIGITAL CASH MANAGEMENT/DIGITAL ASSETS BLOCKCHAIN INTERNET CRYPTOCURRENCY WEB3 SOURCE: Uniswap Labs Copyright Business Wire 2025. PUB: 07/21/2025 09:20 PM/DISC: 07/21/2025 09:20 PM
Business Wire
22-07-2025
- Business
- Business Wire
Uniswap Labs and Partners Unveil DeFi Education Campaign
SINGAPORE--(BUSINESS WIRE)--Uniswap Labs, together with Coinbase Singapore, Monad and a network of local community groups, launched the DeFi Safety Quiz —an interactive, mobile-first lesson that turns crypto knowledge into teachable moments for everyone. 'At Monad, we believe that crypto unlocks opportunities for everyone to have greater freedom over their finances, but safety comes first and that's what this campaign is about,' said the team at Monad Foundation. Share By answering bite-size questions on wallets, approvals and onchain etiquette, participants learn practical actions and sharpen their crypto basics. 'We designed this campaign for people who are simply curious about crypto and are not sure where to start. We hope that through education, more people will learn how to interact with digital assets and blockchain in a meaningful way,' said Sara Mangee, International Growth Manager for Uniswap Labs. The DeFi Safety Quiz is live today, participants who finish the lesson and share their score earn an exclusive invite to a graduation event in August in Singapore's tech district. 'At Coinbase, we believe education is the first step towards greater financial confidence. This quiz, together with our partners like Uniswap Labs, helps Singaporeans navigate the web3 space safely with practical knowledge,' said Hassan Ahmed, Country Director at Coinbase Singapore. 'At Monad, we believe that crypto unlocks opportunities for everyone to have greater freedom over their finances, but safety comes first and that's what this campaign is about,' said the team at Monad Foundation. Uniswap Labs launched its presence in Singapore in 2024. Since then, its focus has been on grassroots community building and educational initiatives. In the past year, the company brought DeFi education to over 1,500 students across four major universities. Singapore ranks #4 globally for DeFi adoption per capita, underscoring the importance of accessible, high-quality onchain education in an increasingly active industry. About Uniswap Labs Uniswap Labs builds products for users to safely and securely access DeFi, including an API, the Uniswap Interface and Uniswap Wallet, which collectively serve millions of users. Uniswap Labs also contributes to the development of the Uniswap Protocol, a peer-to-peer system for swapping digital assets that has processed over $3 Trillion in all-time volume. For additional information about Uniswap Labs visit About, Twitter/X or LinkedIn.
Yahoo
09-07-2025
- Business
- Yahoo
Monad Acquires Portal Labs to Expand Stablecoin Payments on High-Speed Blockchain
Monad Foundation, the organization behind high-speed layer-1 blockchain Monad, is acquiring stablecoin infrastructure platform Portal Labs in an effort to scale up blockchain-based payments. Monad said the acquisition will accelerate its push into the stablecoin space and improve tools available for developers and fintechs building with digital dollars. Monad is a layer-1 blockchain compatible with the Ethereum Virtual Machine (EVM) and capable of over 10,000 transactions per second. Portal, which offers embedded wallet infrastructure designed for stablecoin payments, will remain a separate brand operating as a wholly-owned subsidiary. Raj Parekh, Portal's co-founder and a former executive at Visa's global crypto division, is joining Monad as head of payments and stablecoins. The news comes as stablecoins are having a breakthrough moment into the broader financial world, with fintechs and banks exploring ways to integrate the asset class for payments across borders. Stablecoins are a type of cryptocurrency with prices tied to an external asset, predominantly to the U.S. dollar, and promise faster and cheaper transactions using blockchain rails compared to traiditional channels. Analysts at Global bank Citi projected that stablecoins could become a $3.7 trillion asset class by 2030 with regulatory support. Acquisitions are also rising as the stablecoin space heats up. Payments firm Stripe has recently acquired stablecoin infrastructure firm Bridge and wallet platform Privy to enhance its blockchain-powered payment capabilities. "Payments are a killer use case for blockchains and present an exciting unlock for widespread crypto adoption," said Keone Hon, co-founder and general manager at Monad Foundation, in a statement. "Portal's production-grade stablecoin rails will provide enterprises and developers with plug-and-play solutions to incorporate stablecoin payments into their platforms and apps,' he in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
09-07-2025
- Business
- Business Wire
Monad Foundation Acquires Portal to Accelerate Stablecoin and Payments Strategy
SAN FRANCISCO--(BUSINESS WIRE)-- Monad Foundation, an organization dedicated to the development, adoption, and growth of the Monad blockchain network, today announced its acquisition of Portal Labs, the team behind Portal, an embedded stablecoin wallet infrastructure platform. The acquisition will bring a full-stack payments solution to Monad, a high throughput Layer-1 blockchain, and amplify Portal's mission to make stablecoin-powered payments effortless for web2 and web3 businesses. Leadership evolution: Portal CEO and Co-Founder Raj Parekh will join the Monad Foundation as Head of Payments and Stablecoins. Formerly Director of Visa's Global Crypto Product, Raj brings deep expertise in stablecoins, payment networks, and onchain finance and will drive stablecoin ecosystem adoption by enabling issuers, payment platforms, financial institutions, and fintechs to build, deploy, and accelerate their stablecoin based products. Expanded, ambitious roadmap: Portal will continue to operate independently as a wholly-owned subsidiary of the Monad Foundation and support its customers with co-founders Parsa Attari as CEO, David Scrobonia as CTO, and Rami Shahatit as COO at the helm. With the addition of the high-throughput, low latency Monad blockchain to Portal's multi-chain strategy, Portal will accelerate development of new modules and developer tooling to make stablecoin payments ubiquitous. Building a supercharged payments ecosystem: With 2B transactions from over 300M onchain addresses and peak throughput of over 10,000 transactions per second, Monad is purpose-built for real usage at scale. Portal powers millions of dollars in daily stablecoin settlement via its out-of-the-box toolkit for payments integration. This acquisition will enable both organizations to grow the overall market for onchain payments and stablecoin issuance. Raj Parekh, CEO and Co-Founder of Portal and incoming Head of Payments and Stablecoins at the Monad Foundation, said: 'Portal was built to lower the barrier for anyone to move money onchain. The complementary visions of Portal and the Monad Foundation will scale that mission faster.' Keone Hon, Co-Founder and GM of the Monad Foundation, said: 'Payments are a killer use case for blockchains and present an exciting unlock for widespread crypto adoption. Portal's production-grade stablecoin rails will provide enterprises and developers with plug-and-play solutions to incorporate stablecoin payments into their platforms and apps.' About the Monad Foundation The Monad Foundation is dedicated to the development, adoption, and growth of the Monad blockchain network, a high-performance, EVM-compatible L1 built for massive parallel execution and ultra-low-latency settlement. Read more here. The Monad Foundation supports open-source research, developer grants, and ecosystem initiatives that push the boundaries of decentralized computing. Monad Testnet is currently live and can be explored here. About Portal Portal is a fast, flexible, and secure stablecoin finance developer platform that provides developer-friendly APIs/SDKs infrastructure for moving and accepting stablecoins across any blockchain. Founded by alumni of Visa, Brex, Segment, and Blend, Portal powers millions of dollars in daily stablecoin settlement for fintechs and crypto startups. Read more about Portal here.
