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Sablier labs has closed a $4.5M seed investment round. This marks a major milestone in the company’s journey to redefine money-streaming and on-chain token technology.

Paul Razvan Berg (founder of Sablier Labs) shared the news of the investment round on March 22, 2024. He listed the involvement of influential investors, including A Capital, Fenbushi Capital and WAGMI Ventures. Angel investors like Daniel Bar and Ben Middleton contributed to the round of investment. Sablier's seed round is a big leap forward from its pre-seed stage in 2022 when it raised $500K.

The funds will be used for ambitious projects including recruitment of top talent from around the world, enhancements to the existing product offering, and development of an innovative payment platform currently known as "Sablier V3". This platform will be operating in stealth mode to create intrigue within the crypto community.

Sablier Labs is a leader of the token distribution on the blockchain over the last five years. It boasts over 65,000 streams, $50 million worth of stablecoins, and a Median Total Value Locked(TVL) over $161,000,000 in the last three years. The protocol is used by a wide range of organizations to perform functions like vesting, payrolls, airdrops and grants.

This funding round follows Sablier's recent integration of LightLink. LightLink aims to provide a gasless vesting experience, as well as payroll and airdrop functionality. The company has also been proactive with launching innovative solutions, such as Sablier Stream NFTs or Airstreams that cater to token airdrop vesting requirements.

Sablier Labs's milestone reflects an increasing trend in the crypto-ecosystem, where innovative solutions continue to be developed for the unique challenges of tokenomics and decentralized finance. This adoption by mainstream companies is a testimony to the increasing use of blockchain technology in financial operations.

The crypto community is eagerly anticipating the impact of Sablier Labs' innovations on the future payment platforms and financial transaction on the blockchain.

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Binance, the leading cryptocurrency exchange in the world, has announced that the BNB Beacon Chain network (BEP2) will be shut down by June 2024. Binance made this announcement on March 22nd, 2024. It is an important step in the evolution of Binance’s blockchain infrastructure. Binance, as the sunset nears, has encouraged all projects that currently use the BEP2 for their tokens (to be converted to BNB Smart Chain BEP20), to make the switch.

This migration is mandatory to ensure that users are not left without services or their assets. Binance has actively communicated with all projects listed in recent months to begin the binding and migration process. Despite all efforts, not every project has completed the migration.

Binance's deadline is crucial for users who hold BEP2 tokens. After sunset, binding and asset-migration services will not be available. Binance has stated that BEP2 tokens that are not bound to the BEP20 by June 2024, will become irretrievable. Binance will not be liable for any losses that may result.

Binance provides a migration tracker for users and developers who are looking for guidance. The tracker allows them to keep tabs on the progress of the projects that have transitioned to the BEP20 Network. Resources such as the BNB Chain Fusion road map and the BEP2/BEP8 asset sunset announcement are also available to help navigate this complex process.

Binance has a strategic plan that includes consolidating its blockchain offerings and sunsetting the BEP2 to improve performance, security, as well as user experience. BEP20, which is more robust and features, will become the standard network for projects migrating or building on the BNB Chain.

The underlying technologies powering the cryptocurrency market are also evolving. Binance's move to consolidate the BEP20 and sunset the BEP2 networks is reflective of an industry in transition that strives to streamline and optimize its operations to the benefit of users.

To learn more about this transition, developers of projects and token holders should consult Binance's official Support page. They are also encouraged to stay informed on any future announcements.

Binance has proven time and again that it is committed to being at the forefront of blockchain innovation, user safety, and security. This asset migration and network sunset plan are just two more steps in creating a more efficient and secure blockchain ecosystem.

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