Thursday, Aug. 15
Wormhole’s ‘Era3’ Roadmap Calls for UX/UI Improvements, Streamlining Deployment
Wormhole, a leading blockchain interoperability platform enabling multichain bridges and applications, has unveiled its updated roadmap on Wednesday. The new phase, dubbed “Wormhole Era3,” is set to introduce a series of significant user experience (UX) and user interface (UI) enhancements designed to make the platform more intuitive and accessible for developers and end-users alike.
This roadmap includes a suite of new products aimed at streamlining the development and deployment processes, which is crucial for blockchain projects that often struggle with integration complexities. By simplifying the integration of Wormhole’s cross-chain standards and tooling, the platform hopes to attract a more extensive user base. Additionally, the introduction of Wormhole Institutional—a dedicated product line offering interoperability solutions—aims to engage institutional players, encouraging them to actively participate in and interact with the broader crypto ecosystem.
Burnt Banksy’s XION Introduces XION Foundation, Plans XION Token
XION, a proof-of-stake network where Burnt Banksy is a core contributor, has launched the XION Foundation. This non-profit organization aims to guide the XION ecosystem and uphold its core values. The foundation’s establishment emphasizes the commitment to fostering a sustainable and decentralized blockchain environment.
Alongside this initiative, the team has announced the introduction of the XION token, which serves as the utility token for the XION Proof-of-Stake (PoS) network. The XION token is designed to play a crucial role in securing the network while promoting participation, collaboration, and growth within the ecosystem. This token will not only facilitate transactions but will also ensure the continued decentralization and resilience of the network, thereby attracting more users and developers to the platform.
Cyber, Ethereum L2 for Social Apps, Launches ‘CyberDAO’ With Dual-Token Governance
Cyber, an Ethereum layer-2 network specifically tailored for social applications, has officially launched CyberDAO, which features a unique dual-token governance model. This innovative approach empowers the most active contributors within the community, rather than relying solely on token holders for decision-making. This governance structure is designed to align the interests of contributors with the overall health and usability of the platform.
The inaugural proposal, set for a vote on Aug. 15, will ratify CyberDAO’s Working Constitution. Early delegates include notable figures such as Dorothy L. (AltLayer Chief Growth Officer) and Charles Wayn (co-founder of Galxe). As concerns regarding data ownership and misinformation on social media platforms continue to rise, CyberDAO offers a transparent, community-driven approach to social media governance, aiming to create a more accountable and user-centric environment.
Offchain, Developer Behind Arbitrum, Prysm, Launches ‘Tandem’ to Help Build Blockchain Apps
Offchain Labs, the team behind the development of the layer-2 blockchain ecosystem Arbitrum and the Ethereum consensus client Prysm, has announced the launch of Tandem. This new initiative is the first partner studio created by Offchain Labs, focusing on providing assistance to select projects that aim to build blockchain applications.
Tandem seeks to foster partnerships with the most innovative applications being developed on-chain. By leveraging Offchain Labs’ established market position, Tandem aims to drive significant growth across emerging technologies. The initiative will not only support developers but will also help strengthen the next wave of industry-altering projects, ensuring that these innovations can reach their full potential.
Rhinestone, Specialist in Modular Smart Accounts on Ethereum, Raises $5M in Seed Round
Rhinestone, a company specializing in infrastructure and tooling for building products with modular smart accounts, has successfully raised $5 million in a seed funding round. This round was led by 1KX, with notable support from CoinFund, Lattice, Heartcore, Circle Ventures, Alchemy Ventures, zkSync, and Cyber. Additionally, the investment saw participation from industry leaders and angel investors from various prominent organizations, including Biconomy, WorldCoin, WalletConnect, Lit Protocol, and Pimlico.
The funds raised will be used to accelerate the development of the ERC-7579 smart account and module ecosystem. The Rhinestone team plans to invest in technology that will enable the creation of compelling application use cases, thereby enhancing the overall utility and adoption of smart accounts within the Ethereum network.
Pyth, Blockchain Oracle, to Feed DeFi Projects on TON
Pyth Network, a blockchain oracle project known for providing high-fidelity, real-time price feeds, has announced its plans to supply data to the TON blockchain, which is affiliated with the popular Telegram instant-messaging app. This partnership is expected to significantly benefit decentralized finance (DeFi) projects operating on the TON blockchain.
As Pyth specializes in low-latency data designed to scale to thousands of feeds and assets, its integration will allow developers on the TON platform to build more immersive and financially viable gaming experiences. This collaboration underscores the growing importance of reliable data sources in the blockchain ecosystem, particularly in the rapidly evolving landscape of DeFi and gaming.
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