MegaLabs, Behind the ‘Real-Time’ Blockchain, Raises $20M, Led By Dragonfly
The fresh round of capital will go towards building out the MegaETH protocol, with the aim of having a testnet go live in the next few months.
Technology
Tezos, Smart-Contract Blockchain of ICO Fame, Reveals Roadmap to Rejuvenate
The decade-old blockchain’s development plan, which goes out through 2026, calls for splitting off transaction execution into a separate “canonical rollup” that would support multiple programming languages.
The Protocol: Blast’s $3B Airdrop and Bitcoin’s Mt. Gox Moment
In this week’s issue of CoinDesk’s weekly blockchain tech newsletter, we’re covering $100 million of fundraisings, project updates from Solana and other teams, complaints over LayerZero’s “pay-to-claim” airdrop and nervousness surrounding the Mt. Gox bitcoin distribution.
Ora, Aiming to ‘Unlock Design Space for AI Dapps,’ Raises $20M
The project, founded in 2022, says it aims to incorporate AI into decentralized applications with its “on-chain AI oracle.”
Solana Adds ‘Blinks’ and ‘Actions’ So Users Can Trade Crypto On Their Favorite Social Apps
The epicenter of the latest “meme coin” hype, Solana is introducing new tools designed to make crypto trading more accessible.
ZKsync Developer’s New ‘Elastic Chain’ Could Compete With Polygon’s AggLayer
This Elastic Chain is composed of multiple chains in the ZKsync ecosystem, but users will feel like they are using a single chain.
Tether to Stop Minting Stablecoin USDT on Algorand and EOS
The circulating supply of the dollar-linked stablecoin on the two blockchains represents roughly 0.1% of the total USDT supply.
Cosmos DAO Osmosis to Adopt Fee-Free Bitcoin Bridge
Osmosis is achieving this through a revenue-share proposal with Bitcoin bridge Nomic.
Protocol Village: Farworld, Building Gaming on Farcaster, Raises $1.75M
The latest in blockchain tech upgrades, funding announcements and deals. For the period of June 20-26.
The Protocol
In this week’s abbreviated issue of The Protocol, we’re chronicling the apparent doxing of ‘Pharma Bro’ Martin Shkreli as the driver behind the recently-but-no-longer mooning $DJT token, plus the SEC’s apparent retreat on probing the Ethereum developer Consensys.