Ethereum scaling network Arbitrum set for major upgrade on Aug. 31
The Nitro upgrade will further improve the transaction fee crisis that has plagued the growth of the Ethereum network over the last two years. Go to Source Powered by WPeMatico
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Korea Blockchain Week, Aug. 8: First-day takeaways from the Cointelegraph team
The first day of the main stage event included a keynote presentation from Ethereum’s Vitalik Buterin, 1inch Network’s Sergej Kunz, and Klaytn Foundation’s Sam Seo. Go to Source Powered by WPeMatico
Ethereum staking service Lido announces layer-two expansion
Lido Finance has announced plans to offer its ETH staking services across the entire L2 system, as long as specific networks have “demonstrated economic activity.” Go to Source Powered by WPeMatico
Polygon rallies 22% on Disney invitation euphoria — will MATIC price gains swell in July?
MATIC still awaits a decisive breakout after the Disney-led intraday rally, with the profit target sitting about 80% higher than current prices. Go to Source Powered by WPeMatico
Vitalik: L2 transaction fees need to be under 5c to be ‘truly acceptable’
Despite Layer-2s offering relatively cheap transactions, Vitalik Buterin said that all transactions need to be under $0.05 to be truly acceptable. Go to Source Powered by WPeMatico
Ethereum is like the best and worst parts of New York: Grayscale
“Ethereum is like New York City: it is vast, expensive, and congested in certain areas. However, it also features the richest application ecosystem,” Grayscale wrote. Go to Source Powered by WPeMatico
Investors Inject $450 Million Into Consensys, Ethereum Incubator Now Valued at $7 Billion
The Ethereum software firm Consensys has announced the incubator has raised $450 million in a Series D funding round led by Parafi Capital. The latest financing brings the company’s valuation to over $7 billion, following the $200 million Series C raise Consensys secured last November. Consensys Raises $450 Million, Proceeds From the Round Will Be … Read more
Fantom Foundation issues clarification statement about departure of Andre Cronje and Anton Nell
The statement comes amid ongoing speculation regarding the recent departure of two of its most prominent developers. Go to Source Powered by WPeMatico
Immutable Raises $200 Million in Temasek-Led Series C, NFT Startup Now Valued at $2.5 Billion
Following the startup’s partnership with Gamestop, the Sydney-based blockchain firm Immutable announced it raised $200 million in a Series C financing round led by Temasek. The company is now valued at $2.5 billion and Immutable plans to use the funds to scale the startup’s gaming studio. Immutable Raises $200 Million, NFT Startup Aims to Bolster … Read more
Video Game Retailer Gamestop Partners With L2 Startup Immutable X, Launches $100 Million NFT Fund
Last May it was discovered that the video game retail giant Gamestop was stepping into the world of non-fungible token (NFT) technology. Nine months later, Gamestop has revealed it is partnering with the layer two (L2) Ethereum scaling project, Immutable X. The two teams have also established a $100 million fund dedicated to NFT creator … Read more
