Accrue, an encryption investment and cross-border payment platform, has completed a $1.58 million seed round of financing. It was led by Lattice, with participation from Maven 11, LAVA, Kraynos Capital, and Distributed Capital Partners. Accrue was launched in 2021 as an encryption investment platform and later expanded into USD-based virtual account and virtual card services, aiming to facilitate cross-border payments in the African market or transactions from MPESA accounts.

CoinWorld news, on January 26, the African cross-border payment platform Accrue announced the completion of a $1.58 million seed round of financing, led by Lattice Fund, with follow-up investment from Maven 11, LAVA, Kraynos Capital, and others. Accrue, founded by Zino, Clinton, and Adesuwa in 2021, initially focused on encryption and stock Auto-Invest applications. After experiencing a market downturn in 2022, the company transformed and launched the cross-border payment tool Cashramp, which has now become the main source of revenue and is expected to be profitable in mid-2023. This round of financing will be used to expand payment infrastructure, optimize product functions, expand the team, and further promote innovation and rise.

Odaily Star Daily News Lava Network announced on the X platform that the mainnet is about to go live and will release more details in the near future. On April 26, modular blockchain infrastructure developer Lava Network announced the tokenomics of the LAVA token. The total supply of LAVA is 1 billion, and it adopts a deflationary mechanism to attract API providers in the initial stage of the mainnet. 15% of the tokens will be used for future incentive programs (such as airdrops), 6.6% of the tokens will be allocated for monthly rewards to providers (Provider Drops), 3.4% of the tokens will be used for validator rewards, 31% of the tokens will be used for research and ecosystem development, 17% of the tokens will be distributed to early investors, and 27% of the tokens will be allocated to early contributors, core team, advisors, etc.

Coin Network Report: 7:00-12:00 Keywords: Base, ApeCoin, ACDE, UK 1. Magic Eden has now been extended to the Base network; 2. ApeCoin: ApeChain Testnet will be launched soon; 3. Ethereum's 185th ACDE meeting: discuss L1 and L2 governance processes; 4. Person in charge of Base protocol: The amount of USDC on the Base network is second only to Ethereum; 5. Rune DOG•GO•TO•THE•MOON ranked first in terms of trading volume in the past 24 hours; 6. UK law enforcement agencies can seize crime-related encryption assets without conviction from now on; 7. Runes protocol Token DOG market capitalization close to $500 million, 24-hour volume more than $13 million; 8. Lava Network released LAVA tokenomics, 6.6% Token will be used for API provider rewards; 9. Franklin Templeton tokenized $380 million U.S. government coin fund on Polygon and Stellar.

PANews reported on April 26 that Lava Network, a modular blockchain infrastructure developer, released a LAVA tokenomics. LAVA Token has a fixed supply of 1 billion and uses a deflationary mechanism to attract API providers in the initial stage of Mainnet. Among them, 25% Token will be used for future programs and reward reserves (6.6% Token will be allocated to provider rewards monthly), 31% Token will be used for R&D and ecosystem protocol maintenance and development, 17% Token will be distributed to investors, and 27% Token will be distributed to contributors such as early contributors, core team, advisors, etc. In addition, validators rewards decrease as the LAVA stake percentage increases, decreasing linearly between 60% and 80%. When the stake ratio reaches 80%, the reward and half of the subscription fee will be burned, making it no longer in circulation. LAVA Token holders have the option to Token stake to validators, re-stake with providers, and participate in on-chain governance. Users purchase LAVA subscription plans on-chain to access various API "specifications" through the Lava protocol. A "specification" is a module object defined by the administration that specifies the types of APIs that the provider must support. Providers stake Token on a single "specification" to ensure the integrity of their services. Previously, in February, the modular blockchain LavaNetwork completed a $15 million seed round of financing.

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Odaily Planet Daily News El Salvador’s renewable energy and mining company Volcano Energy and Bitcoin mining software provider Luxor Technology jointly launched Lava Pool, which aims to use El Salvador’s geothermal energy to mine Bitcoin. Among them, Volcano Energy will donate 23% of its net profits to the El Salvadoran government. As part of the public-private partnership plan, the El Salvadoran government plans to reinvest mining profits into its energy infrastructure to help promote economic growth. (The Block)

21:00-7:00Keywords: Polygon, El Salvador, FTX, HKEX Synapse 1. Polygon Lianchuang Jaynti Kanani announced her resignation; 2. El Salvador launches its own Bitcoin mining pool, Lava Pool; 3. Former FTX CEO SBF may face the risk of 150 years in prison; 4. Hong Kong Exchange launches HKEX Synapse, a smart contract settlement platform; 5. The startup Utopia Labs announced that it will suspend all services on November 6; 6. The British FCA will launch a second cryptocurrency sandbox in the first quarter of 2024; 7.peedan.eth sold 1.7 million ARB half an hour ago and then bought 60 WBTC; 8. The Hong Kong police and the Hong Kong Securities and Futures Commission strengthen cooperation in monitoring illegal activities related to virtual asset trading; 9. Web3 restaurant loyalty application Blackbird completed a $24 million Series A round of financing, led by a16z.

DJ Carl Cox's Virtual Reality Debut Featured a Lava Stage and Dancing Magma The preview of influential DJ Carl Cox's virtual reality debut in the metaverse world called the Sensorium Galaxy took place in London. The event showcased a lava-filled stage with dancing magma avatars and a 30-minute DJ set by Cox. While the experience was not as impressive as expected, it could be a stepping stone for future metaverse music performances.

Odaily Planet Daily News Elysium Blockchain tweeted that its user-friendly NFT market Agora has been launched, which provides Solidity support (seamless migration), simplified NFT creation, and extremely low fees. It is reported that NFT game studio Vulcan Forged announced the launch of its own blockchain Elysium in December 2021, which supports free NFT transactions, free casting, LAVA tokens as gas, and testnets.