August 12 · Quick Overview of the Latest Web3 Developments

1️⃣Remittix Launches Beta Web3 Wallet Timeline

This cross-border payment-focused project announced it will launch its Web3 wallet in Q3 of this year, with presale financing exceeding $18.7 million and over 590 million tokens sold, generating considerable buzz before hitting CEX.

2️⃣Transak Secures $16 Million in Funding

Web3 payment infrastructure platform Transak has completed a funding round led by IDG Capital and Tether, aiming to expand its stablecoin payment network and enter more markets.

3️⃣Circle to Launch Stablecoin-Specific Layer 1: ARC

Circle, the company behind USDC, announced it will launch its self-developed public blockchain ARC, designed specifically for stablecoins, to enhance cross-chain payments and stablecoin throughput capacity.

4️⃣Peter Thiel’s Team Invests in ETHZilla

The fund founded by PayPal's Peter Thiel has acquired a 7.5% stake in ETHZilla, a company focused on Ethereum treasury management, rapidly entering the ETH finance sector.

5️⃣$ETH Three Consecutive Gains, Today’s Price Surpasses $4400, Completely Breaking Out into Independent Market.

Web3 is collectively upgrading the payment, stablecoin, and wallet ecosystem, as on-chain infrastructure approaches a new wave of explosive growth.