Robinhood’s Credit Card Goes After Apple With Investable Cash-Back

Hi NoRamp Community,

Daily News:

1) WAX Signs Deal With Amazon Web Services

2) Illuvium Raises $12M Funding From King River Capital, Animoca

3) 0G Labs Raises $35M for Data Availability

4) Robinhood’s Credit Card Goes After Apple With Investable Cash-Back

5) Bedrock Security Secures $10M to Transform Data Protection With AI

WAX Signs Deal With Amazon Web Services:

• The gaming-focused layer-1 blockchain Worldwide Asset Exchange (WAX) has signed a deal to use Amazon Web Services (AWS) and integrate its network into the Amazon Managed Blockchain (AMB) service, allowing developers to build decentralized apps (dapps) on the WAX blockchain.

• The integration with AMB enables WAX developers to deploy nodes through the AWS console and use them for building on the blockchain, leading to a more than 20% increase in the blockchain's native token over the day.

• WAX CTO Lukas Sliwka stated that the partnership with AWS is a significant step toward the mass adoption of Web3, with the network facilitating 141 million transactions in the past 30 days and hosting 160 Web3 games, including Brawlers, which is part of the Amazon Prime Gaming service.

Illuvium Raises $12M Funding From King River Capital, Animoca:

• Illuvium has raised $12 million in a Series A funding round with contributions from King River Capital, Arrington Capital, and Animoca Ventures, to develop new games within the Illuvium ecosystem for Q2 2024 releases.

• Illuvium's gaming approach includes a revenue-sharing mechanism that allows stakers in the protocol to benefit from in-game revenues and earn ILV tokens, with 100% of all in-game revenues redirected to staked investors.

• The Illuvium ecosystem consists of interconnected games, including Illuviium Beyond and Illuvium Arena (PVP), offering various ways to reward players such as capturing Illuvials for the marketplace, earning ILV on the leaderboard, or staking ILV, with King River Capital, Immutable, and Polygon Labs recently launching a $100 million "Inevitable Games Fund" to identify high growth opportunities in the blockchain gaming sector.

  

  Source: Blockworks

0G Labs Raises $35M for Data Availability:

• 0G Labs has raised $35 million in funding to develop infrastructure that supports AI and compute-intensive applications on-chain, with participation from Hack VC, Stanford Builders Fund, Delphi Digital, GSR, and others.

• The platform aims to become a key layer for data availability (DA), competing with providers like Celestia, EigenLayer, NEAR, and Avail, by separating data storage from data publishing to reduce costs and improve scalability.

• 0G Labs is working with AI projects like ORA and Modulus Labs and uses data availability sampling and erasure coding to ensure data integrity and recovery, with plans to scale horizontally to support high-throughput sectors like gaming, social media, and AI on-chain.

Robinhood’s Credit Card Goes After Apple With Investable Cash-Back:

• Robinhood has launched its new Gold Card, offering benefits like no annual or foreign transaction fees, 3% cash back on all categories, and 5% cash back on travel through Robinhood's travel portal, exclusively for Robinhood Gold members.

• The card allows users to earn cash back that can be transferred to brokerage accounts for investments and provides cards for family members, with the ability to add up to five additional cardholders of any age, helping them build credit and monitor spending.

• The Gold Card comes with features like virtual cards for one-time purchases, a numberless physical card for security, and a separate app for card management, with Robinhood aiming to expand its offerings and provide financial tools traditionally reserved for the wealthy.

Bedrock Security Secures $10M to Transform Data Protection With AI:

• Bedrock Security, a data security startup, has closed a $10 million seed funding round led by Greylock to redefine how businesses protect sensitive information with its AI-powered platform, the AIR Engine.

• The AIR Engine aims to provide a comprehensive understanding and protection of a company's crucial data from the moment it's created, offering automated data risk management, enhanced visibility, and robust protection for generative AI workloads.

• With the new funding, Bedrock Security plans to accelerate the development of its platform to meet the demands of modern businesses using generative AI and other advanced technologies, promising enhanced protection for regulated data and intellectual property.

NoRamp:

NoRamp is building Web2’s favorite Web3 apps on our lightning-fast payment infra. Join our discord, dive into our our docs, or check out our website to learn more.