Parallel Network has made a significant stride in the crypto realm with its recent launch on mainnet. The team behind this project proudly announced its achievement as the first layer-2 network on Arbitrum Orbit L2 Live. This groundbreaking move also marks the inception of the first non-custodial omni-chain margin protocol. This protocol allows liquidity to be pooled across multiple chains and makes it instantly accessible on the Parallel Network.
Protocol Village: A Weekly Newsletter
For those keen on keeping abreast of the tech underpinning the crypto world, Protocol Village is a must-read. This weekly newsletter, delivered every Wednesday, offers an in-depth exploration of the technology that powers cryptocurrencies. Project teams can also submit updates to Protocol Village, ensuring readers are always in the loop with the latest developments.
John Lilic’s New Role at Telos Foundation
On January 5, the Telos Foundation, a supporter of the delegated proof-of-stake (DPOS) layer-1 blockchain Telos, welcomed John Lilic as its new executive director. Lilic, a former contributor to Consensys and Polygon and an early volunteer at the Bitcoin Center NYC, will lead Telos’s evolution into a layer-0 network underpinned by ZK technology. This strategic move aims to attract developers and users worldwide. In addition, Lilic will donate the headline sponsorship for ETHCC 2024 to Telos and work towards establishing an external advisory board in 2024.
Investments and Developments in the Crypto World
Bracket Labs, a provider of leveraged structured products for non-custodial DeFi users, recently raised $2 million in a pre-seed round. This funding, led by Binance Labs and NGC Ventures, will be used for their “Passage” volatility trading product on the BracketX platform. Built on Arbitrum, Passage simplifies on-chain long and short volatility trading with a user-friendly experience.
Meanwhile, KuCoin Labs, the investment and incubation program of Seychelles-based crypto exchange KuCoin, has made a strategic investment in DeMR. This project, a decentralized mixed reality (MR) infrastructure network (MR-DePIN) built on the Solana blockchain, aims to solve key issues associated with creating 3D maps.
EOS Network Ventures (ENV) also recently invested $500K in EZ Swap, a multi-chain NFT DEX protocol and inscription marketplace. This investment is expected to significantly boost EZ Swap’s gaming asset and smart inscription protocol landscape.
As the world of cryptocurrencies continues to evolve, platforms like cryptoview.io offer a convenient way to stay updated with the latest trends and developments. With its comprehensive crypto tracking features, it’s easier than ever to keep an eye on your investments and the overall market.
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