DWallet Labs Launches Testnet, Wormhole Collaborates With AMD, Inco Secures $4.5M, and Meso Network Raises $9.5M

According to CoinDesk, DWallet Labs has announced the testnet launch of dWallet Network, a first-of-its-kind composable modular signature network. The dWallet Network introduces a new primitive for multi-chain collaboration in Web3, called dWallets, which is a noncollusive and massively decentralized signing mechanism that can be used as a building block on L1s and L2s to sign native transactions to all chains. In other news, Wormhole, a blockchain interoperability platform, has announced a collaboration with microprocessor maker AMD. This collaboration will make enterprise-grade AMD FPGA hardware accelerators available to the Wormhole ecosystem, including the AMD Alveo™ U55C and U250 adaptable accelerator cards. AMD will also lend its deep hardware acceleration expertise to help deliver speed and scalability to multichain applications being built with Wormhole. Inco, a leading developer of a universal confidentiality layer for Ethereum and other networks, has secured $4.5 million in a seed round led by 1kx and launched its testnet Gentry. The testnet addresses Web3's confidentiality challenges, blending EVM with FHE and secured by Ethereum via EigenLayer. With native on-chain confidentiality and randomness, Inco empowers diverse dApps including gaming, DeFi, private lending, and blind auctions. Lastly, Meso, a payment platform connecting banks and blockchains, announced it has raised $9.5 million in a seed round, co-led by Solana Ventures and Ribbit Capital, with participation from 6th Man Ventures, Canonical Crypto, Phantom Co-Founder Chris Kalani, Pinterest CEO Bill Ready, and Archie Puri of Bodhi Labs. The network was launched by veterans from PayPal, Venmo, and Braintree, and allows apps to integrate Meso to onboard users without first sending them off to a centralized exchange to fund their wallets.