🎉 Spire Labs has just secured $7.00M in its funding rounds! 🎉
🔹About: Spire Labs is focusing on Ethereum scaling infrastructure. The project's flagship offering, the Based Stack, is a rollup framework designed to enable developers to deploy application-specific chains, or appchains. By leveraging Ethereum Layer 1 as the sequencing layer, Spire Labs aims to enhance decentralization and developer flexibility. The platform has raised $7 million in seed funding, co-led by Maven 11 Capital and Anagram, with participation from notable venture capital firms like a16z Crypto Startup Accelerator and Digital Currency Group. Spire Labs is committed to revolutionizing Ethereum scaling and providing developers with the tools to create customized, efficient blockchain solutions. 🚀🌐
🔹 Lead Investors: a16z, Maven 11 Capital, Volt Capital, Anagram Crypto and many more.
🔹 Total Raised: $7.00M.
🔹 Project Category: Blockchain Infrastructure.
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🚀 Introducing Taiko: Scaling Ethereum with ZK-Rollups 🚀
🚀 Let's dive into key features and potential of #TAIKO in this captivating thread! 🧵👇
1️⃣ Introduction and Overview: Taiko aims to be a fully Ethereum-equivalent ZK-Rollup, scaling Ethereum while maintaining its core principles. It provides a scalable and efficient platform for decentralized applications (dApps) without requiring changes to existing dApps. Taiko leverages the Zero Knowledge Ethereum Virtual Machine (ZK-EVM) to achieve this.
2️⃣ Technology and Features: Taiko uses ZK-Rollup technology to improve scalability. It combines the benefits of both optimistic and ZK rollups, reducing costs and increasing decentralization. Unlike other rollups, Taiko’s sequencing relies on Ethereum Layer 1 validators, ensuring decentralization. Enhances security by allowing dynamic configuration adjustments as technology evolves.
3️⃣ Whitepaper Analysis: Taiko can be configured as ZK rollup, optimistic rollup, or a hybrid, maximizing cost reduction and decentralization. It Solves parallel proving issues by using an off-chain prover market. No centralized sequencer; Ethereum validators maintain sequence ability. Token penalties ensure timely proof submission.
4️⃣ Use Case: Taiko’s primary use case is to reduce transaction fees on Ethereum. Users interact with Taiko much like using Ethereum itself. The TAIKO token plays a pivotal role in governance within the Taiko DAO, granting voting rights to token holders.
5️⃣ Team and Leadership: Taiko’s development and project management team consists of experts in blockchain and finance. Their expertise drives the project vision, ensuring security, transparency, and efficiency. Specific information about team is not available.
6️⃣ Partnerships: Taiko recently announced a successful fundraise, securing $37 million across three funding rounds ahead of its mainnet launch this year. Taiko’s latest $15 million Series A round was led by Lightspeed Faction, Hashed, Generative Ventures, and Token Bay Capital, with participation from Wintermute Ventures, Presto Labs, Flow Traders, Amber Group, OKX Ventures, GSR, WW Ventures, and more.
7️⃣ Security and Audits: Details about security audits are not available.
8️⃣ Tokenomics: TAIKO circulating supply is 63.18 million tokens, with a maximum supply of 1 billion.
9️⃣ Exchanges: Taiko is traded on several top exchanges, including Bybit, Bitget, Gate.io, KuCoin, MEXC and many more.
🔟 Recent Developments: Taiko recently closed a Series A funding round, securing $15 million led by Lightspeed Faction, Hashed, and Generative Ventures. In June TAIKO get listed on several top tier exchanges.
1️⃣1️⃣ Conclusion: Taiko’s commitment to scalability, security, and decentralization positions it as a promising solution for Ethereum users, contributing to the network’s resilience and growth. Keep an eye on their progress as they continue to innovate!
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🚀 zkLink (ZKL): Unifying Liquidity and Simplifying dApp Development 🌐
🚀 Let's dive into key features and potential of $ZKL in this captivating thread! 🧵👇
1️⃣ Introduction and Overview: zkLink (ZKL) is an advanced blockchain infrastructure designed to unify fragmented liquidity and simplify decentralized application (dApp) development across multiple blockchains. As the first aggregated Layer 3 zkEVM rollup, zkLink leverages zero-knowledge proofs (ZKPs) to address scalability and interoperability challenges.
2️⃣ Technology and Features: zkLink leverages zero-knowledge proofs (ZKPs) to address fragmented liquidity and cross-chain interoperability in DeFi. Its multi-layered architecture includes the Sequencing Layer, Execution Layer, Settlement Layer, and DA Layer, ensuring system efficiency and security. Developers can create customizable, modular protocol architectures using zkLink’s App Rollup solution, accessing liquidity from 16 supported networks like Ethereum, Polygon ZKEVM, Starknet, Arbitrum, and Optimism.
3️⃣ Whitepaper Analysis: zkLink’s whitepaper outlines its aggregated rollup infrastructure using zero-knowledge technology, addressing liquidity fragmentation and multi-chain dApp deployment. Native Asset Aggregation: zkLink allows access to native tokens across connected L1s and L2s, enabling multi-chain asset trading on a unified interface. Low Fees and High Scalability: Zero-knowledge proof technology reduces execution costs and ensures high throughput. Minimum Security Assumption: All transactions undergo verification via zero-knowledge proof, eliminating cross-chain bridging risks. Multi-Chain State Synchronization: Securely access liquidity from any connected chains.
4️⃣ Use Case: The ZKL token subsidizes gas costs on the zkLink Nova network and funds zkLink X’s App Rollup infrastructure service. It grants governance rights, allowing holders to influence zkLink’s future direction, promoting decentralized participation and network sustainability.
5️⃣ Team and Leadership: zkLink’s global team includes engineers and experts from diverse backgrounds in cybersecurity, cloud computing, cryptography, and zero-knowledge proofs. Co-founder Vince Yang emphasizes zkLink’s role in shaping a trustless and efficient DeFi trading experience.
6️⃣ Partnerships: zkLink has notable backers, including Coinbase Ventures, Solana Ventures, SIG, OKX Ventures, and Republic Crypto. The project raised $23.22 million in funding to drive its growth.
7️⃣ Security and Audits: This project undergoes multiple audits by OpenZeppelin, Secure3 and ABDK.
8️⃣ Tokenomics: ZKL has a capped total supply of 1 billion tokens with a circulating supply of 136.38 million tokens.
9️⃣ Exchanges: ZKL is listed on Bybit, Hashkey, BitGet, KuCoin, Gate.io and many more ensuring liquidity and accessibility.
🔟 Conclusion: zkLink aims to revolutionize blockchain interactions by unifying liquidity, enhancing scalability, and simplifying cross-chain dApp deployment. Despite initial market challenges, its innovative approach holds promise for the future of decentralized finance and Web3 applications. 🚀🌐
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