improbable

According to official news, the smart DeFi assistant Otomato announced the completion of a $2 million financing led by Improbable. Otomato is a no-code Web3 automation protocol and DeFi assistant that allows users to create, monitor, and automate on-chain operations, with over 3,000 users currently.

The leading NFT project "Bored Ape" BAYC co-founder Garga.eth announced on the X platform that Yuga Labs has acquired the Improbable Unreal Engine creation platform and reached a permanent licensing agreement with Improbable for Otherside's high concurrency technology. Additionally, relevant engineers and developers from the platform will join Yuga Labs, with the specific acquisition amount not disclosed. It is reported that this acquisition will enable builders, developers, and artists on the Otherside platform to better construct community experiences using metaverse technology software and tools.

ChainCatcher message, according to the ranking surge data from the Web3 asset data platform RootData, as of October 28, 18:40, Infura has risen by 732 ranks, ranking first; Improbable has risen by 715 ranks, ranking second; Lumoz has risen by 665 ranks, ranking third.Additionally, the Web3 asset data platform RootData shows that Infura is a blockchain infrastructure development platform with high availability APIs and development tools, providing developers with fast and reliable access to the Ethereum and IPFS networks. Infura simplifies blockchain development into a cohesive experience, consolidating all of a developer's tools in one place: Ethereum nodes, Eth2 nodes, transaction relays, Layer 2 networks, IPFS, Filecoin, etc., allowing developers to focus on building and scaling the next generation of software.It is reported that RootData has launched the first "Web3 Hot Projects Ranking." This popularity ranking helps users capture the real pulse of attention through 4.3 million real user behavior data, improving the accuracy of user investment decisions. The ranking is calculated in real-time based on weighted factors such as the frequency of searches by platform users, project click rates, user votes, and the popularity and influence on the X platform.

ChainCatcher news, according to CoinDesk, the Otherside development company Improbable will launch the Somnia blockchain DevNet phase.The official statement indicates that this blockchain will handle over 400,000 transactions per second (TPS), with sub-second latency and low fees, and is compatible with the Ethereum EVM.

ChainCatcher news, according to Cointelegraph, the metaverse technology company Improbable has sold its Web3 gaming company The Multiplayer Group for approximately $97.1 million (£76.5 million), with Keywords Studios as the buyer.

According to Chain Catcher, as reported by Decrypt, Improbable, the development company behind Yuga Labs' metaverse Otherside, is set to raise $111 million (£100 million) in a new funding round, with a valuation of $3.36 billion (£3 billion), up from a valuation of $2.8 billion (£2.5 billion) in 2018.Improbable CEO Herman Narula revealed that the company's new technology can now support thousands of players interacting simultaneously and will focus on creating virtual worlds for popular Web3 companies like Yuga Labs.Chain Catcher previously reported that blockchain gaming company Improbable announced in April this year that its new project M² completed $150 million in independent financing, led by a16z and the SoftBank Vision Fund, with a post-money valuation of $1 billion. (The Block)

According to Chain Catcher news and a report by CNBC, SoftBank's Vision Fund has initiated a comprehensive layoff, with a layoff rate of 30%, affecting 150 employees. SoftBank's CEO and founder Masayoshi Son stated that the company will review the scale and structure of the organization and plans to implement cost reductions, as the company's losses reached a record 3.2 trillion yen (approximately 23.4 billion USD) in the three months ending in June. It is reported that despite the significant losses, SoftBank is still considering launching a third Vision Fund.Examples of SoftBank Vision's investments in the crypto industry include DeFi trading service company BloXroute and blockchain gaming company Improbable. (Source link)