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Welcome back to another edition of Web3 Weekly Pulse! We're so glad to have you here as we dive into the exciting world of Web3.
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1️⃣ Polygon has recently introduced a new initiative called "The Value Prop". This innovative project aims to create an open and crowd-sourced database highlighting the wide range of use cases for blockchain technology. The platform serves as a valuable resource to showcase the diverse applications and benefits of utilizing blockchain in various industries. By encouraging community participation and collaboration, Polygon is fostering a deeper understanding of the potential value and transformative power of blockchain technology.
Polygon LabsJune 15, 2023
2️⃣ Mistral AI, an AI startup founded by former researchers from prominent tech companies Meta and Google, has successfully raised $113 million in seed funding. This significant investment has propelled the company's valuation to an impressive $260 million, a remarkable achievement within a mere two months since its launch. This development positions Mistral AI as a key player in the AI industry, equipped with substantial resources to further advance its cutting-edge technologies and expand its market presence.
Arijit Sarkar
3️⃣ ResearchHub, co-founded by Coinbase CEO Brian Armstrong, has raised $5 million in funding led by Open Source Software Capital. The platform incentivizes scientists with ResearchCoin cryptocurrency for sharing research content. This funding marks a significant milestone for ResearchHub, highlighting the growing interest in blockchain technology within academia.
James Hunt
4️⃣ Ripple partners with Colombia's central bank, Banco de la República, to explore blockchain technology use cases in the country. The collaboration aims to pilot Ripple's CBDC Platform for enhancing Colombia's high-value payment system. Discussions between Ripple and the Colombian central bank have been ongoing for over a year. Peersyst Technology, a Spanish blockchain technology firm, is involved in running the pilot. This partnership showcases the growing interest in blockchain-based solutions for CBDCs and their potential to revolutionize financial systems.
Nathan Crooks
1️⃣ EigenLayer has recently completed the deployment of Stage-1 of its protocol on the Ethereum mainnet, marking a significant advancement in the platform's functionality. As a result, Ethereum stakers now have the opportunity to engage in restaking activities through EigenLayer. The protocol currently supports several assets, including stETH, rETH, and cbETH, with temporary limits imposed at 3.2k for each asset. This deployment enables Ethereum stakers to explore additional options for their staking activities and participate more actively in the network. The launch of EigenLayer on the Ethereum mainnet marks a significant milestone in its mission to create a robust environment for open innovation.
EigenLabs
2️⃣ The Graph, a decentralized system that facilitates indexing and querying of blockchain data, has initiated a migration process from the Ethereum network to Arbitrum, a layer 2 scaling solution. This strategic transition aims to address critical objectives such as reducing gas costs, accelerating transaction speeds, and enhancing accessibility to the protocol. By adopting Arbitrum, The Graph aims to optimize its performance and user experience, lowering barriers to its members' participation without sacrificing security.
3️⃣ Uniswap, a leading decentralized exchange protocol, has unveiled the code draft for Uniswap v4, marking a significant milestone in its evolution. The introduction of hooks in this version allows for enhanced flexibility in decision-making processes. Notably, Uniswap v4 pools will incorporate several innovative features, including dynamic fees, on-chain limit orders, and the implementation of Time-Weighted Average Market Maker (TWAMM) mechanics. Moreover, the consolidation of v4 pools into a single contract offers cost-saving benefits for liquidity pool creation.
Ethereum
Ethereum Foundation reveals Q1 2023 donation projects and allocation specifics. - link
Polygon
Polygon unveils Polygon 2.0, transforming into the Value Layer with limitless scalability and unified liquidity using ZK tech. - link
BNB Chain
BNB Chain integrates BEP-126 update, ensuring unmatched security with fast finality. - link
Arbitrum
Arbitrum hit 100 million blocks milestone - link
Optimism
pimlicoHQ, a crypto infrastructure for account abstraction wallets, launched its bundlers and paymasters on OP Mainnet.- link
Sui
SuiFoundation recently granted $986K USD in awards to 12 projects building on Sui. - link
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