Elixir, RSS3, and NibiruChain unveil key upgrades, fueling growth in decentralized finance and data freedom - IcoHolder.

Several decentralized networks made significant strides on March 12, as Elixir, RSS3, and NibiruChain announced major developments in their respective projects, further shaping the landscape of decentralized finance and information dissemination.

Elixir Raises $8 Million in Series B Funding: Elixir, a decentralized network focused on enhancing liquidity across orderbook exchanges, successfully closed an $8 million Series B funding round. Co-led by Mysten Labs and Maelstrom, the funding round also saw participation from notable investors such as Manifold, Arthur Hayes, Amber Group, GSR, Flowdesk, and Validation Cloud. With this injection of capital, Elixir aims to bolster its ecosystem and expand its reach, offering users the opportunity to provide liquidity to pairs on various orderbook exchanges and earn rewards.

RSS3 Launches Mainnet Alpha: RSS3, a decentralized network dedicated to promoting the free flow of information on the open web, unveiled its Mainnet Alpha on March 11. Inspired by the original RSS protocol, RSS3 seeks to enhance information freedom through decentralization. The Mainnet Alpha introduces a unique design comprising indexing nodes, structured open data, and a layer 2 focusing on AI and information. With these features, RSS3 nodes can cover specific data sources, create search engines, and develop local-first open AI models, further empowering users in the decentralized information ecosystem.

NibiruChain Debuts Public Mainnet: NibiruChain, a layer-1 blockchain crafted by industry veterans from Google, Tendermint, IBM, and Sommelier, launched its public mainnet, offering a solution to users' onboarding challenges and delivering a fully mainstream decentralized multichain solution. Capable of processing 40,000 transactions per second (TPS) with instant finality, NibiruChain leverages parallel optimistic execution to streamline transaction processing. With interoperability with other layer 1 blockchains and a robust developer infrastructure, NibiruChain aims to simplify complexities associated with layer 2 solutions, contributing to the evolution of decentralized ecosystems.

These developments underscore the growing momentum in the decentralized finance and information sectors, with projects like Elixir, RSS3, and NibiruChain pushing the boundaries of innovation and reshaping the future of decentralized networks.