Sona Stream, a Web3 music streaming marketplace, has launched with a $6.9 million seed round from Polychain Capital, Haun Ventures and Rogue Capital. The platform allows artists to sell "digital twins" of their songs as SONAs (Music NFTs) to collectors, who can promote the songs by sharing them on social media. SONA owners receive 70% of the streaming revenue on a pro-rata basis, while artists get 30%. The company redistributes the revenue every two weeks, proportional to how much the specific song is streamed. Sona currently features music tracks from several artists and aims to raise the number to over 16 million tracks by 2024.

Web3 infrastructure provider Ankr has partnered with Matter Labs to launch Rollup-as-a-Service (RaaS) service, supporting zkSync Hyperchains built using the ZK Stack.Ankr's customers can now use RaaS to create dedicated blockchains to serve specific use cases, although the deployment of Hyperchains is currently limited to testing environments.

Sky Mavis, the team behind the Web3 game Axie Infinity, has announced a partnership with Singaporean game developer Foonie Magus. This will involve the introduction of the new game "Apeiron" to the Ronin blockchain. A demo version of Apeiron is already available on the Epic Game Store, with a mobile version expected to be released globally in the first quarter of 2024.

Heartcore Capital, a venture capital firm, has raised €15 million ($16.3 million) for its first Web3 fund, which will focus on the cryptocurrency infrastructure sector. Heartcore was founded in 2007 and has invested in more than 100 Web2 companies. In recent years, the firm has entered the Web3 field, providing support to teams from companies such as Panoptic, Elusiv, Li.Fi, Superform, Rhinestone, and MakerDAO. In addition, Heartcore made a private investment in Ethereum as early as 2014 and invested in projects such as Polkadot and Cosmos in 2017. (Blockworks)

According to Blockworks, venture capital firm Heartcore Capital has raised €15 million ($16.3 million) for its first Web3 fund and is investing in application layer protocols in the crypto sector.

On December 5th, Web3 cross-chain game ecology Portal released a white paper, which includes foundation, game platform, token economics, Stack and other content. In addition, more information will be revealed when it is released in the future.

RabbitHole, a Web3 on-chain incentive platform, announced on X platform that the Arbitrum STIP reserve fund proposal has been approved, and will receive one million ARB grants and distribute them to the community. This means that the most loyal users will receive more tasks and higher rewards. It is reported that RabbitHole hopes to build the ArbitrumQuestGateway and distribute one million ARB through incentives to RabbitHole's task users.

According to DealStreetAsia, Indian Angel Network, an Indian venture capital firm, announced that its second fund, "IAN Alpha Fund," has raised an initial funding of $42 million, with participation from SIDBI (Small Industries Development Bank of India), SRI Fund, and IAN Fund I.The fund will focus on investing in areas such as financial technology, deep tech, Web3, metaverse, and Industry 4.0.

UAE fintech startup Flow48 announced completion of $25 million pre-A round financing, with participation from Blockchain Founders Fund, Speedinvest, Daphni, 212, Unpopular Ventures, Endeavor Catalyst, TLG and some angel investors. It is reported that this round of financing includes equity and debt financing.Flow48 provides data-driven real-time fintech solutions and helps small and medium-sized enterprises focus on ESG principles. Investors may provide support in the "advanced fintech ecosystem", with Blockchain Founders Fund's investment portfolio including Web3 API platform Uniblock, Web3 domain and TLD provider Freename, privacy protection protocol zkPas, and more.

According to official X account news, Forbes has launched ForbesWeb3, which is described as an experience and community center for Web3 entrepreneurs, creators, and changemakers around the world. The publication stated that since 1917, Forbes has always been at the forefront of supporting entrepreneurs and success. ForbesWeb3 is different from any other community and is cultivating a network for Web3 practitioners, providing enhanced benefits and opportunities to help write the next chapter.