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"Let's say if we move from phones to glasses, then everything in my earshot becomes 'real estate,' and that's a pretty scary thought," she continued, adding: "That's where I think that web3 layer can help enable trust and know that I'm seeing something that is the right thing or the
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The Omni network aims to enable use cases including cross-rollup stablecoins and other DeFi primitives that can aggregate liquidity from different Layer 2 rollups. Blockchain development firm Recursive introduced the Omni Network, a cross-rollup protocol built on the Ethereum restaking project Eigen Layer. The Omni network aims to be the
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The team behind Lens, a Web3 social media protocol, has announced the launch of a new “layer 3” network to scale blockchain social media apps. Called “Bonzai,” the new network processes and stores posts, comments and shares, taking this data off the Polygon network and thereby increasing scalability for Lens,
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Vertex, which had been operating on a test network, combines an off-chain order book layered on top of an on-chain automated market maker on a decentralized, self-custodial exchange. The firm, which has bases in Singapore and the Cayman Islands, counts Jane Street, Dexterity Capital, Hudson River Trading, GSR, Collab+Currency, JST
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One yet-to-tokenize, yet-to-launch zkEVM protocol to keep an eye on, according to van Weert, is the zkEVM startup Scroll – which has yet to deploy on Ethereum’s main network but has partnered with some big-name protocols. “They already have a very mature ecosystem on their testnet, whereas on zkSync it
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"Our community’s goal in joining Chainlink Scale is long-term sustainability,” Xochitl Cazador, head of ecosystem growth at the Celo Foundation, said in the statement. “Developers building on Celo now have access to Chainlink's oracle services, enabling the next generation of highly scalable Web3 mobile applications.” Source
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As ether’s price rose in April, so did the total value locked (TVL) of Ethereum layer 2, or companion, networks, reaching $10 billion on April 14, its highest level yet. TVL has subsequently declined amid a swoon in crypto prices but remains at around $9.29 billion, more than double where
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The round was led by Polychain Capital and included participation from venture capital firms Hack VC, dao5, Tribe Capital, Shima Capital and Robot Ventures. Original Source
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Ethereum layer 2s, such as Optimism, Arbitrum and Polygon, increased in popularity in the first quarter of 2023, according to a report from Web3 development platform Alchemy. Ethereum users bridged over $635,000 worth of crypto assets to these networks from January to March, an increase of 44% over the fourth
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More than 7 million transactions have been conducted on the network since launch, which can process 3.5 transactions per second, data shows. Source
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