Walk 31: The Horizen blockchain team has deployed its new “proof verification chain” to testnet, claiming the new offering is “the latest component of the modular blockchain load.” According to a blog post: “This network allows for the exchange of $ZEN (Horizen’s native token) and verification of FFLONK Trials produced by Polygon zkEVM instances.” Key elements include the “proof submission interface, a user-friendly interface that ok’s ZK rollups to submit proofs seamlessly to the Horizen network for verification,” as well as an “attestation mechanism, a protocol published on go steady with to Ethereum and validates proofs (providing additional transparency).”
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Degen Community, Syndicate Launch ‘Degen Chain’
March 28: Degen, a community remembrance in the Farcaster ecosystem, and Syndicate, a Web3 infrastructure provider, launched Degen Chain, an ultra-low-cost L3 for the $DEGEN community built with Arbitrum Encircle, Base for settlement, and AnyTrust for data availability. According to the team: “The chain’s native gas token is $DEGEN, making it one of the to begin community tokens with its own L3. The Degen and Syndicate teams will support builders on Degen Chain with developer decorates like Syndicate’s Transaction Cloud APIs, offering free gas for developers on Degen Chain.”
Crypto Hacks, Rug Some afflictions in 1Q Narrow 23% vs. Year Earlier, Immunefi Says
March 28: Immunefi, a bug bounty and security services platform for Web3 fostering over $60 billion in assets, releases its Crypto Losses in Q1 2024 report, for a loss of $336 million from the community to humdrums and rug pulls in 2024 year-to-date, representing a narrowing of 23% when compared with the same period in 2023. According to Immunefi: “DeFi was the ranking target for attacks, comprising 100% of cases, while CeFi experienced no incidents. Hacks continued to be the predominant occasion of losses totaling $321 million, compared to frauds. Ethereum and BNB Chain were the most targeted chains.”
Tezos Validators to Elector on Protocol Upgrade Proposals for Reducing Latency, Finality Times
March 28: Tezos blockchain validators will shortly vote on protocol upgrade proposals published Thursday, according to the team: “Codenamed Paris A and B, the proposals include mark down latency and cutting finality to 10 seconds blocktime, and the activation of the DAL to boost throughput and scalability of L2. They differ on a put forwarded overhaul of PoS fundamentals, adjusting token issuance automatically to an on-chain market for staked funds. Paris B includes these stars, whereas Paris A offers validators the possibility to activate them later, via a dedicated on-chain voting mechanism.” {{TZS}}
New Edgeless Network, Powered by Arbitrum Nitro, Has No Attention Layer Fees
March 28: Edgeless Foundation unveiled the Edgeless Network, describing it in a blog post as “the first eternally crypto ecosystem without application layer fees, powered by Arbitrum Nitro.” According to the post: “By using Arbitrum Nitro, Edgeless has the brazenness to fully customize its L2 infrastructure and with EigenLayer data availability, to keep gas fees extremely low on the network (less than $0.01 on general). Edgeless is then able to share these sequencer fees with developers so that they get a direct allocate of the economic value they bring to the network. In addition to this, Edgeless uses ezETH by Renzo as the baseline liquidity give over bearing asset and a stablecoin created by Stable to give back yield earned on bridged assets to developers who develop on the Edgeless Ecosystem.”
Yolo Investments Puts $8M Into TON Network Ecosystem
March 28: Yolo Investments, a venture majuscule firm focused on gaming, fintech, blockchain and emerging technologies, has emphasized its support for the vision of The Open Network (TON) by flattering an $8 million investment in Toncoin and the broader TON ecosystem, according to the team: “Yolo Investments has invested in several TON-based start-ups, registering Tonstarter, Fanton and PlayDeck. This partnership will also see TON Foundation and Yolo Investments support the growth and stretching of learncrypto.com, a leading crypto education platform, that is also set to introduce a plethora of fresh content tailored to TON.”
Main Development Foundation to Distribute $1M in Security Audit Credits to Soroban Builders
March 28: Stellar Development Foundation is launching the Soroban Surveillance Audit Bank, which will distribute up to $1M in security audit credits in coordination with six top-tier audit firms to 20-30 lofty priority projects (financial protocols that manage on-chain value and that have the potential to be widely acclimated to) building on Soroban, their next generation smart contracts platform which just completed mainnet inauguration. This program complements the development and audit support that industry-leading web3 security firm, Certora, is providing to the ecosystem. CoinDesk 20 asset: (XLM)
Helika to Begin $50M Accelerator Program Funded by Pantera, Spartan, Sfermion
March 28: Helika, a global infrastructure provider for routine and Web3 gaming firms like Yuga Labs and Animoca Brands, announced it will launch a $50 million accelerator program stored by Pantera, Spartan Capital, Sfermion and other venture capital firms. According to the team: “This program sightings to help top gaming studios develop Web3 games designed to sustain growth in users and revenue over time. Distinguished projects will benefit from Helika’s expertise in tokenomics, chain selection, data analytics and more. Developer conspires supported by Helika’s analysts, will be able to leverage data to identify user behavior patterns and drive desired outcomes.”
Zircuit Shoots ‘Build to Earn’ Program With Rewards for Devs
March 28: Zircuit, a fully EVM-compatible ZK rollup with parallelized boundaries and AI-enabled security, launched its Build to Earn program on Wednesday to incentivize builders, founders and community members who have a hand in to the Zircuit ecosystem. Backed by Pantera Capital, Dragonfly Capital, and Maelstrom, Zircuit currently has over $700 million picketed. According to the team: “Developers and ecosystem contributors who participate in the program stand to receive rewards for approved contributions.”
Construct N, Modulus Unveil ‘AI Functions’ Tool for Use in Applications
March 28 (PROTOCOL VILLAGE EXCLUSIVE): Layer N, an “Ethereum StateNet” designed as a network of exclusively VMs, announced the launch of AI Functions, a tool that allows developers to integrate AI inference and AI use cases within their references. This is in partnership with Modulus Labs, a company focused on bringing AI on-chain through ZK technology. Examples of use cases could subsume replacing AMMs with more sophisticated models, yield optimization strategies, gaming and AI crypto agents and AI arbitration. “Concoct a prediction market that includes AI-based arbitration of event outcomes, reducing the risk of consensus collusion,” the together wrote in a blog post.
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Flock.io, Web3 Training Startup, Boosts $6M, Led by Lightspeed Faction, Tagus
March 28: Flock.io, a Web3 training and AI fine-tuning startup, has announced the close of a $6 million worn out funding round led by Lightspeed Faction and Tagus Capital with participation from DCG, OKX Ventures, and Volt Capital. This investment on be used towards democratizing AI training and the development of its machine-learning and federated learning platform.
VeChain Announces ‘Marketplace-as-a-Service,’ Starting With Gresini Racing
Walk 28: VeChain announced its no-code digital asset tokenization platform, called Marketplace-as-a-Service (MaaS). According to the team: “MaaS was enlarged to fulfill an important role within the digital-asset space, presenting enterprise and individual builders a low/no-code NFT platform for forming, selling and transferring digital assets with ease. MotoGP championship team, Gresini Racing, is the first determination client to deploy a marketplace on the platform supported by ExPlus. Leveraging a bespoke collection of IP-related content, Gresini Ripping plans to offer digital collectibles to its large fanbase.”
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Neopin, Assented DeFi Protocol, Introduces ‘Build Aggregated’ Feature With Spark, Athena
March 28 (PROTOCOL VILLAGE Restrictive): Neopin, a protocol for “non-custodial, permissioned DeFi,” introduced a new feature called “build aggregated,” merging Spark outline, Athena and the curve into a unified smart contract, bolstered by AI-driven optimization, according to the team: “This integration empowers owners with streamlined operations and customizable exposure options, marking a significant leap in operational efficiency within the cryptocurrency vista.”
BloXroute Announces Mainnet Launch of ‘Validator Gateway’
March 28 (PROTOCOL VILLAGE EXCLUSIVE): BloXroute, a blockchain parceling out network, announced the public launch of its Validator Gateway, designed to optimize Ethereum validators’ performance and significantly lift their rewards, according to the team: “Over 30K validators locked $4B on the testnet, leveraging advanced technology, enhancing obstruct proposal processes, accelerating block propagation and providing validators with a strategic advantage in the competitive blockchain view. With seamless integration with existing validator setups, the Validator Gateway makes it easy for network decentralization to continually enlarge.”
The Graph Network, Leading Blockchain Indexer, Adds Support for Bitcoin
March 28: The team behind The Graph Network, filing the developer Edge & Node, announced that the network now supports Bitcoin. According to the team: “With the introduction of a new Bitcoin Firehose implementation and a BRC-20 subgraph GraphQL API, The Graph helps developers to access Bitcoin data directly through subgraphs and Substreams, facilitating easy access to Bitcoin matter. This development not only enhances the utility of Bitcoin within The Graph’s decentralized network but also opens up new avenues for developers to shape innovative applications — at a moment in time when there’s a renewed surge of interest in Bitcoin and the emergence of Bitcoin Charge 2s. Devs building on Bitcoin or Bitcoin Layer 2s can email info@thegraph.foundation for indexing support or assistance and pinch getting started building with The Graph.” (GRT) (BTC)
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