Wormhole, a messaging protocol startup, has raised $225 million in funding at a $2.5 billion valuation, making it the largest round in the Web3 space this year. The funding round included investors such as Coinbase Ventures, Jump Trading, Multicoin Capital, and Arrington XRP Capital, with their stakes consisting of token warrants for a yet-to-be-unveiled cryptocurrency. The Wormhole team has also announced the launch of Wormhole Labs, an independent company focused on building products and tools to help grow cross-chain development. Despite a slow year for funding in the Web3 sector, this round is exceedingly large and demonstrates continued interest in blockchain technology.

The potential impact of Web3 and decentralization is being debated, but this is not unusual for major innovations. JSON-LD is playing a crucial role in the architecture of the machine-readable internet, allowing data to be organized and connected for machine analysis. This interoperability is essential for Web3's success and has practical applications such as securely sharing patient data between hospitals or transcripts between schools. JSON-LD configurations can help solve the problem of disconnected blockchains in Web3, making compliance reporting and data sharing easier, and potentially enabling autonomous vehicles and smart machines. Fluree's CEO, Brian Platz, suggests that JSON-LD could be an important tool in easing Web3's growing pains.

MetaMask has announced that its Gas API is now open to all developers through Infura. The Gas API is an advanced tool for web3 developers that enables them to effectively estimate and optimize the gas costs of their blockchain applications. This API is a multi-chain optimization tool that provides real-time gas pricing, improving transaction speed and cost-effectiveness. This public beta provides early access for developers to use a single API key to optimize blockchain transactions on multiple chains, improving cost and efficiency, and providing feedback to help the development team improve the product.

On November 28th, Web3 video streaming platform Rad completed a new round of financing led by Ayre Ventures, and the specific financing amount has not been disclosed. Rad also announced that it has incorporated the use of the BSV blockchain into its transactional video on demand (TVOD) and the release and purchase process of open or limited edition NFT videos.<br>In addition, Rad has integrated with mobile and web wallet HandCash, allowing users to connect to applications, games, and websites to directly stream funds to help facilitate payments. Users can create and purchase content on Rad without the need for a browser plugin, and the company can also expand to other forms of payment. Currently, Rad supports a variety of devices such as PlayStation 5, PSVR, Oculus Quest, iOS, and Google TV.

Web3 investment firm Hexa has announced the completion of a new round of fundraising, raising €20 million. Investors include Yousign's Luc Pallavidino, Canyon's Adrien Van Den Branden, Collective's Paul Vidal, Marble's Arnaud Schwartz, as well as a group of family offices. The new funds will drive investment in new fields such as artificial intelligence, and the company plans to invest in 30 projects/companies annually by 2030.<br>Hexa was formerly a Web3 and fintech investment firm called eFounders, with a portfolio that includes crypto startup Multis and market-making protocol Swaap Labs. Later, it also incorporated fintech studio Logic Founders and Web3 venture capital firm 3Founders, the latter of which has invested in NFT loyalty solution provider Cohort.

On November 28th, Web3 entertainment company AnotherBall announced the completion of a $12.7 million seed round financing, led by ANRI and Hashed, with participation from Global Brain, Globis Capital Partners, Sfermion, HashKey Capital, Everyrealm, Ethereal Ventures, Emoote, and Crunchyroll founder Kun Gao.<br>It is reported that AnotherBall has been actively involved in technology projects such as "Ailis" and "SAI by IZUMO". AnotherBall is currently developing a platform that allows creators from around the world to connect with fans and earn money through their content. The beta version of the platform is planned to be released in the first quarter (January to March) of 2024, with a full public release expected later this year. AnotherBall is a venture capital company established in May 2022, with a focus on the Web3 virtual UP main project IZUMO, aimed at creating a place for broadcasters, illustrators, music and video producers who love anime, comics and game culture to continuously create income based on their hobbies.<br>As previously reported by BlockBeats, on May 17th, AnotherBall completed a $2.2 million angel round financing, with participation from Hiroaki Kitano, Chief Technology Officer of Sony Group, Jaynti Kanani, founder of Polygon, Suji Yan, Chief Technology Officer of Mask Network, Kevin Lin, co-founder of Twitch, and Rehito Hatoyama, advisor to Azuki development company Chiru Labs.<br>

According to @officer_cia monitoring, Code4rena account has been hacked. Users should pay attention to security. Code4rena is a DAO that ensures Web3 security through blockchain auditing.

Web3 gaming community platform Earn Alliance is about to launch Base. The platform completed a $4.75 million seed round of financing last year, led by CoinFund and FabricVentures, with participation from BlockchainCoinvestors, MADWorldVentures, and angel investors.

Gold Fever, a decentralized game with an innovative economic infrastructure, has partnered with Aethir, a pioneer in Decentralized Cloud Infrastructure (DCI) for gaming and AI. This collaboration will enable Gold Fever to be accessible on any device, anywhere, at any time, thanks to Aethir's advanced decentralized cloud gaming infrastructure. The integration aims to expand Gold Fever's potential market to 2.8 billion players worldwide, and onboarding these players will involve burning NGL tokens as an in-game right. The partnership between Gold Fever and Aethir is expected to bring groundbreaking innovations to the Web3 gaming sector, enhancing the gaming experience for both players and developers. Aethir provides cloud-based GPU resources with low latency, making it an essential infrastructure solution for the AI and gaming industries.

Slow Fog on X platform stated that the losses caused by security issues in the Web3 field from November 19th to November 25th are expected to exceed $168 million. This mainly includes Kyber Network liquidity vulnerabilities (loss of $54.7 million), HTX protocol vulnerabilities (loss of $113.3 million), Kronos Research API key leakage (loss of $26 million), and multiple Rug Pull incidents on BNB Chain and Ethereum Chain, leading to a sharp drop in the prices of various tokens.