Web3 Project Updates and Developments

Polymarket has acquired Brahma to enhance its technology and expand its prediction market capabilities. This integration aims to improve infrastructure and user experience, reflecting a trend of consolidation in the crypto industry.

Gate News announcement: On March 19, decentralized derivatives trading platform edgeX announced that the EDGE airdrop terms page is now live. According to the page information, the EDGE airdrop claim period runs from March 19 at 18:00 to April 1 at 7:59 (UTC time).

Hamilton Lane announces strategic investment in blockchain investment platform Republic, with specific amount undisclosed. This move aims to strengthen cooperation between the two parties in tokenization and expanding retail investor channels. Republic has raised a total of approximately $202 million in funding.

Gate News reports that on March 19, OpenClaw AI Agent has recently garnered widespread attention in the Chinese market. Both Baidu and Tencent have held related public events to promote the adoption of this technology in the local market. However, OpenClaw also faces some challenges, including security warnings and rising token costs.

0G Labs has partnered with HackQuest to launch the 0G APAC Hackathon with a prize pool of $150,000 across four tracks, supporting AI agents, on-chain trading, autonomous economic systems, and privacy-preserving applications. The initiative provides full-stack technical support and will host networking events throughout the Asia-Pacific region.

BTQ Technologies announced on March 19 that it successfully implemented BIP 360 on its Bitcoin Quantum Testnet v0.3.0, launching the Pay-to-Merkle-Root transaction format to address quantum computing threats. The testnet has connected over 50 miners, processed over 100,000 blocks, and supports P2MR transaction functionality.

Cloudflare stock rises over 6%, plans to launch NET Dollar stablecoin aimed at driving AI-powered network transactions. Zerohash is competing to become the issuer, with the stablecoin embedded in network infrastructure to enable efficient micropayments.

OP_NET has launched the DeFi tool "SlowFi" on Bitcoin, enabling asset trading and swaps with BTC as the sole fee, without bridges or wrapped assets. The project prioritizes trading on layer-1, accepting slower speeds and higher costs for enhanced stability, though it faces criticism for potentially distorting Bitcoin's monetary goals.

On March 19th, AlphaTON Capital announced the acquisition of a 60% controlling stake in gaming platform GAMEE for a maximum of $11 million, valuing the company at $18 million. The transaction will make AlphaTON responsible for GAMEE's day-to-day operations and establish a strategic alliance with Animoca Brands, which prohibits the latter from acquiring a controlling stake within two years.

Gate News report: On March 19, Visa Crypto Labs recently launched a command-line tool called "Visa CLI" designed to provide secure solutions for AI payment scenarios. The tool operates through a command-line interface and focuses on ensuring the security of cryptocurrency payments.

Animoca Brands announced a strategic investment in Ava Labs, the developer of Avalanche, establishing a partnership between the two parties focused on digital identity, real-world assets, and entertainment sectors, driving digital asset adoption in Asian and Middle Eastern markets. This collaboration will combine Animoca's investment network and Avalanche's high-performance technology to support the development of high-potential projects.

ShareX launched TreasureX Season 2 on March 19, partnering with over 10 brands to release a 1 million US dollar rewards pool. Users can earn TreasureXP by participating in social tasks and recording behaviors to influence future token airdrops. Season 1 attracted over 870,000 users, and Season 2 builds on this foundation by connecting online incentives with offline consumption.

ShareX recently launched an event called TreasureX Season 2 with a reward pool reaching 10 million dollars, partnering with multiple global sharing economy brands. The event introduces a social task module where users can earn TreasureXP by posting content and participate in reward pool distribution. The project also emphasizes the connection between behavior and assets, aiming to expand into IoT networks and connect virtual and real-world consumer behavior.

The Algorand Foundation has reduced its workforce by 25% amid market uncertainty, even as the SEC clarified ALGO’s status as a digital commodity. The move reflects a strategic reset rather than a retreat from long-term growth. Layoffs Hit Algorand as Market Pressures Collide With Regulatory

Animoca Brands announced on March 19 an investment in AVAX tokens and reached a strategic partnership with Ava Labs, focusing on developing markets in Asia and the Middle East, with emphasis on real-world asset tokenization, entertainment, and digital identity sectors.

Owlto announces integration with GoPlus Security to enhance the security of its cross-chain bridge service. Through real-time risk detection, it dynamically identifies transaction risks, enhancing users' cross-chain experience while ensuring a balance between safety and speed.

Tally, a key DAO governance platform, has shut down after six years due to unsustainable business models and market changes. The closure underscores challenges in decentralized governance and prompts the DAO community to seek new solutions.