Cosmos-based Eclipse Fi Launchpad raises $1,9 million in funding

What’s new? On December 26, the team of Eclipse Fi, a Cosmos-based modular multi-chain launchpad, completed a $1,9 million funding round with participation from Big Brain Holdings, Rarestone Capital, Momentum 6, NxGen, Crypto Banter, Cogitent Ventures, Token Metrics, Kyros Ventures, Faculty Group, Master Ventures, and Ivan on Tech. In addition, a token generation event (TGE, Token Generation Event) was successfully held on December 22, which, according to the developers, sold out in seconds.

Press release

What else is known? During the year, the Eclipse Fi team conducted collaborations and partnerships with over 35 projects and attracted over 250 000 social media followers and 200 000 testnet participants.

Eclipse Fi will use the raised funds to develop smart accounts and improve the architecture of cross-chain interaction. The Neutron blockchain in the Cosmos ecosystem has been chosen as the project’s main hub, while the protocol will also be integrated with the Layer 2 (L2) networks Mantle, Linea, and Base.

The Eclipse Fi platform offers a decentralized identification system (KYC) based on zero-knowledge (ZK) technologies to preserve privacy, a modular community-centric launchpad customization system, a scoring system based on data collected on and off the network, and project due diligence.

As part of the initial decentralized offering (IDO), the ECLIP native token has been added to the Astroport, Camelot DEX, and Gate io platforms. Holders can already stake their coins, which will allow them to participate in token farming for new projects using the Eclipse Fi Launchpad.

The total offering is 300 million ECLIP, with an initial revolving supply of 20,55 million. The asset has already been added to crypto market data aggregators CoinGecko and CoinMarketCap. As of December 27, 08:10 UTC, it is trading at $0,376771, having lost 13,1% overnight.

Earlier, Binance Launchpad announced the token farming of the gaming platform Sleepless AI (AI). The listing of the asset will take place on January 4.

The Block’s analysts reported that the volume of venture capital funding of crypto startups for the year decreased by 68%. NFTs and blockchain games remain the most popular areas among investors.