2023-4-7 02:41 |
Matter Labs confirmed the funds are safe and that they’ve found an “elegant solution” to transfer the funds out.
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The crypto exchange is still considering which blockchain developer should build its network, with Polygon, Matter Labs and the Nil Foundation in the mix, according to people familiar with the situation.
In this week’s issue of The Protocol, we highlight layoffs hitting key firms as well, and how blockchain projects are competing for new mandates – specifically big Ethereum layer-2 developers like OP Labs, Polygon and Matter Labs vying to provide the technology for the Celo blockchain’s new network
The funding will be used to further develop zkSync v2, which is currently live on testnet.
In an April 13 announcement, Layer 2 solutions provider Matter Labs unveiled its latest efforts for increasing throughput on the Ethereum network. The platform is called zkPorter. The Matter Labs team described it as “an engine for mass crypto adoption” that will “reshape the entire L2 landscape.
A majority of the top Ethereum-based decentralized applications (dapps) are switching to rollups, a layer 2 for increasing throughput.