Pip Labs has raised $80 million in a Series B funding round led by VC firm A16z, reaching a valuation of $2.25 billion. The round aims to extend the development of Story, a blockchain aiming to tokenize and protect what Pip Labs calls the “multi-trillion-dollar” asset class of intellectual property (IP), offering frictionless systems for […]
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Key TakeawaysSophon Chain said its Ethereum Layer 2 mainnet will permanently shut down on Nov. 30, 2026.Rising $3M+ annual overhead costs highlight the financial burden facing Layer 2...
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