Wormhole Era3 Roadmap and Notable Blockchain Developments

Thursday, Aug. 15

Wormhole’s ‘Era3’ Roadmap Enhances UX/UI and Streamlines Deployment

The blockchain interoperability platform Wormhole has unveiled its updated roadmap, signaling a transformative phase for the multichain bridges and applications it supports. The latest initiative, dubbed “Wormhole Era3,” brings forth significant enhancements in user experience (UX) and user interface (UI), alongside a new suite of products aimed at simplifying the development and deployment processes. Moreover, the introduction of Wormhole Institutional, a dedicated product line, is designed to attract institutional players, encouraging their active participation in the broader crypto ecosystem.

Burnt Banksy’s XION Foundation Launches with Utility Token

In an exciting development, XION, a proof-of-stake network where the renowned Burnt Banksy plays a pivotal role, has established the XION Foundation. This non-profit organization is committed to guiding the XION ecosystem and upholding its core values. Additionally, the team has introduced the XION token, a utility token that powers the XION Proof-of-Stake (PoS) network. This token aims to create a robust foundation for a thriving, self-sustaining ecosystem, serving to secure the network while promoting participation, collaboration, and growth, all while ensuring the network’s decentralization and resilience.

Cyber: A New Governance Model for Social Apps

Cyber, an Ethereum layer-2 network tailored for social applications, has launched CyberDAO, featuring a unique dual-token governance model. This innovative approach empowers the most active contributors within the community, rather than solely token holders, to have a say in decision-making processes. The inaugural proposal, set for a vote on August 15, aims to ratify CyberDAO’s Working Constitution. Noteworthy early delegates include Dorothy L. (AltLayer CGO) and Charles Wayn (co-founder of Galxe). In response to growing concerns over data ownership and misinformation on social media, CyberDAO embodies a transparent and community-driven method for social media governance.

Offchain Labs Launches ‘Tandem’ to Foster Blockchain Development

Offchain Labs, the original team behind the layer-2 blockchain ecosystem Arbitrum and the Ethereum consensus client Prysm, has announced the launch of Tandem. This new initiative will serve as the first partner studio of Offchain Labs, focusing on assisting select projects in building blockchain applications. The goal of Tandem is to nurture partnerships with the most innovative projects in the on-chain space, leveraging Offchain Labs’ established market position to drive significant growth in emerging technologies and bolster the next generation of transformative projects.

Rhinestone Secures $5M Seed Funding for Modular Smart Accounts

Rhinestone, a leader in infrastructure and tooling for developing products with modular smart accounts, has successfully raised $5 million in a seed funding round. This investment round was led by 1KX, with participation from CoinFund, Lattice, Heartcore, Circle Ventures, Alchemy Ventures, zkSync, and Cyber. Notable angel investors from industry leaders at Biconomy, WorldCoin, WalletConnect, Lit Protocol, and Pimlico also contributed. According to a blog post from the team, the funding will be utilized to accelerate the development of the ERC-7579 smart account and module ecosystem, investing in technologies that enable the most compelling application use cases.

Pyth Network to Supply DeFi Projects on TON

The Pyth Network, a notable blockchain oracle project, has announced its plans to provide high-fidelity, real-time price feeds to the TON blockchain, which is affiliated with the popular Telegram instant messaging platform. Pyth specializes in delivering low-latency data that can scale to accommodate thousands of feeds and assets. This integration will allow game developers on the TON blockchain to create more immersive and financially viable gaming experiences.

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