Friday, March 29, 2024
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Web3 File Management App Fileverse Gets $1.5M Investment From Gnosis Chain, Balaji Srinivasan, Other Investors

Privacy-focused Gnosis Chain and venture capital firm Factor led the investment, according to a press release shared by the firm. Crypto wallet provider Safe, social media privacy solution Mask Network, decentralized file storage Arweave Ecosystem and its ecosystem incubator Forward Research, Web3 credentials network Galxe, ex-Coinbase Balaji Srinivasan and other

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Gnosis Chain spends $5M on validator incentive program for decentralization

Gnosis Builders, developer of blockchain network Gnosis Chain, has announced a $5 million project to increase the number and diversity of validators through incentive mechanisms. The new project is called “Gnosis VIP,” according to an April 18 announcement from the company.As part of the new project, Gnosis is launching a

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Co-Founder of Privacy-Focused Gnosis Chain Proposes Plan to Reduce Ethereum Dependency for GNO Token

Köppelmann cited bridge risks as a key factor in his proposal. “Currently, the bridge has the right to mint unlimited GNO tokens on Gnosis,” he wrote. “Of course, it is only supposed to mint GNO tokens on Gnosis if an equivalent amount has been locked on Ethereum (and that should

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Privacy-Focused Gnosis Chain to Undergo Its Own Proof-of-Stake ‘Merge’

“In the trilemma of scalability, decentralization and security, we focus on decentralization,” Stefan George, the co-founder and chief technology officer at Gnosis, told CoinDesk. “Contrary to many ‘Ethereum killers,’ which favor scalability over decentralization, cheap blockspace is a commodity whereas decentralized blockspace is a scarce resource.” Original Source

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