Shardeum, L1 With ‘Dynamic State Sharding,’ Launches Stage 1 of Incentivized Testnet

June 26: Shardeum, an EVM-compatible layer-1 chain that uses dynamic state sharding to keep transaction fees low, announced the June 26 launch of Stage 1 of its incentivized testnet, Atomium. According to the team: “Atomium will be used to incentivize community members to test the network for bugs, vulnerabilities and performance issues in order to fortify the network ahead of mainnet launch. Participants will be incentivized to engage in the testing process with 0.65% of token supply or 3.3 million SHM allocated towards community contributions. The campaign will unfold in multiple stages with Shardeum proceeding with subsequent stages of the testnet once network stability has been assessed.”

June 26: Allora Labs, contributors to the Allora Network – described as a “decentralized, self-improving machine intelligence network that powers applications with an evolving system of machine learning models” – closed a strategic funding round, bringing their total company funding to $35 million. According to the team: “This round aimed to bring on further strategic partners that will play a key role in creating a decentralized collective intelligence network. Allora Labs’ investors include Polychain, Framework Ventures, CoinFund, Blockchain Capital, Mechanism Capital and Delphi Digital.”

June 26: Conduit, a crypto-native platform that enables developers to launch their blockchain applications with one-click infrastructure, announced its $35M Series A led by Paradigm and Haun Ventures, with additional investments from Robot Ventures, Credibly Neutral, Coinbase Ventures and Bankless Ventures. According to the team: “Conduit allows anyone to create a high-performance rollup on Ethereum mainnet or Layer 2 in under 15 minutes. This funding will accelerate their mission to become the ‘onchain cloud’ platform, making it seamless for developers to launch and scale decentralized apps via rollups.”

June 26: APhone, describing itself as a “decentralized cloud-based smartphone,” announced an initiative within the Solana Mobile ecosystem. According to the team: “This will enable Solana Saga owners to activate APhone’s decentralized cloud smartphone via their devices. APhone’s cloud smartphone offers its own Web3 app store and bypasses traditional hardware limitations by utilizing Aethir’s decentralized cloud (DeCloud) technology.”

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June 25: The Solana Foundation announced the launch of Solana Actions and blockchain links (“Blinks”) to its suite of developer tools. According to the team: “These tools offer way to integrate blockchain transactions into any platform, creating a seamless and intuitive Web3 experience for users. Multiple Solana ecosystem projects will be using Solana Actions and Blinks at launch, including Cubik, Sanctum, Tensor, Realms, Access, Jupiter, Helium, Truffle, Phantom and Backpack.” (SOL)

June 25: Acre introduced “simple BTC yield” on Mezo, a Bitcoin economic layer, thanks to our liquid staked Bitcoin, stBTC. According to the team: “Acre strips away the complexity of Bitcoin yield, giving a simple Bitcoin in, Bitcoin out process for depositors. In the background, Acre converts BTC to tBTC, and deploys it into various yield-generating strategies across crypto.”

June 25: ENSO, an intent engine for chain abstraction, has closed a $4.2 million funding round with Ideo Ventures, Hypersphere and more than 60 angel investors, according to the team: “The funds will support the launch of their L1 Cosmos-based blockchain this year and continued product development.”

June 25: Matter Labs, the main development firm behind the layer-2 network ZKsync, has introduced a new roadmap called ZKsync 3.0, aimed at making the ecosystem more interconnected – including a new “Elastic Chain” that somewhat resembles rival Polygon’s AggLayer, released earlier this year. At the core of ZKsync “3.0” is the v24 upgrade, released June 7, turning “ZKsync from a single ZK chain into an Elastic Chain,” the Matter Labs team wrote in a blog post shared with CoinDesk.

June 25: Portal to Bitcoin, the bridgeless interoperability protocol on Bitcoin formerly known as Portal that raised $34 million in a seed round in March, has hired 18 people, according to the team. They include Dan Edlebeck, former head of ecosystem at Sei Labs, to be chief marketing officer.

June 25: Crypto exchange Bitget announced a $20 million TON Ecosystem Fund in alliance with Singapore-based investment firm Foresight Ventures, “aiming to support early-stage projects building on The Open Network (TON),” according to the team: “This strategic initiative highlights the duo’s commitment to fostering innovation and development within the TON ecosystem.”

June 25: Colosseum, the recently launched startup accelerator that organizes hackathons for the Solana ecosystem, raised $60 million for a fund that will invest in early-stage projects, the company announced Tuesday. The fund, which was oversubscribed, will focus on pre-seed investments in selected startups from the winners of Solana Hackathons.

June 24: Metis, an Ethereum layer-2 network, planned to announce the opening of a community selection process for its first batch of external sequencer node operators, “becoming the first L2 to enable shared ownership and control of a critical piece of infrastructure,” according to the team: “By operating these nodes, entities become network owners. As owners, entities gain substantial influence and governance rights over the network’s strategic direction, and a share in the revenue involving sequencing rewards and fees. Distributed ownership creates robust decentralization, bringing stronger reliability to Metis and enhancing liveness and economic security.” The voting process will be live from Monday through June 28.

June 24: Gitcoin, a project for providing funding for Ethereum development, released what it says is a free tool, “Grants Program Canvas,” to “launch and grow a high-impact grants program,” with downloadable templates, worksheets and step-by-step walk-thrus, according to the team: “Packed with years of expertise and industry insights, Grants Program Design is a detailed playbook designed to support growth leads with a structured, visual approach to grants program design.”

June 23: Artela, a blockchain designed to extend the functionality of other blockchains, released its latest whitepaper, “Artela Scalability: Parallel Execution Stack and Elastic Blockspace.” According to a blog post, the whitepaper “introduces a brand new parallelized blockchain architecture: not only achieving parallel execution but also supporting parallel storage. On top of all this parallelization, we will further realize nodes that support elastic computing, achieving elastic node block space and bringing predictable performance to dApps.”

June 21: Decentralized autonomous organization (DAO) Osmosis voted to adopt a fee-free Bitcoin bridge to allow bitcoin (BTC) to move into the Cosmos ecosystem. Key to the process is a revenue-sharing agreement with Bitcoin bridge Nomic, according to an emailed announcement shared with CoinDesk on Friday. A bridge is a way of improving interoperability of blockchains by allowing users to move crypto assets from one system to another.

June 21: Aleph Zero, a privacy-enhanced public blockchain operating on a Substrate stack developed by Polkadot developer Parity Technologies, introduced zkOS, an EVM-compatible privacy layer that generates zero-knowledge proofs in under a second on consumer devices, according to the team: “This allows for private transactions and dApp interactions without revealing underlying data. ZkOS uses Halo2 with KZG commitments for faster proof generation and provides a zkToolkit to simplify integration for developers. Based on benchmarks, zkOS can execute proofs in 600-800ms on MacBooks. ZkOS is designed to be faster, more user-friendly and easier for developers to integrate into Ethereum applications. ZkOS is now live on testnet.”

June 21: Arbitrum, the leading Ethereum L2 scaling solution by total value locked, was set to launch Orbit Layer Leap on Friday, “enabling users to bridge funds from Ethereum L1 to L3 chains within the Arbitrum Orbit ecosystem in a single-click,” according to the team: “This groundbreaking feature eliminates the need to interact with L2, enhancing user experience and interoperability. Layer Leap will initially support ProofOfPlay and RariChain, reflecting Arbitrum’s commitment to driving mainstream adoption of layer-2 and layer-3 solutions.”

June 20: Farworld Labs, the Farcaster-native gaming company, has closed its $1.75 million pre-seed funding round, co-led by Lemniscap and Variant. According to the team: “The funding will enable Farworld Labs to expedite the rollout of upcoming Q3 releases, including the highly anticipated launch of the Farcade platform in conjunction with top-tier studios and developers. Built on decentralized social media protocols, the Farcade is a platform and suite of tools for developers to build crypto-native games that integrate with onchain social, making games instantly playable within social media feeds with just a single click.”

June 20: The Celo Foundation is elevating homegrown and Web3 native talent into key senior leadership positions. According to the team: “Eric Nakagawa has been appointed to the new role of Executive Director of the Celo Foundation. He will work closely with Rene Reinsberg to oversee the Foundation’s daily operations. Isha Varshney has transitioned from head of DeFi to head of Ecosystem. She will oversee projects building on Celo, and lead business development efforts with both Web2 and Web3 firms. Sophia Dew joins the Celo Foundation as developer relations lead to support builders developing on the emerging Ethereum L2.”

June 20: Botanix Labs, building an EVM-equivalent layer-2 network atop Bitcoin, announced the appointment of security expert and industry veteran Ron Stoner as its new Head of Security, according to the team: “With this addition, the Botanix Labs team is uniquely positioned to develop industry-leading infrastructure that securely scales Bitcoin-native financial tools. Ron Stoner brings a wealth of experience in designing and testing blockchain-based networks as one of the most respected hackers, educators, and security professionals in the cryptocurrency industry.”

June 20: POKT Network, a project for decentralized RPC infrastructure processing, is expanding into AI inference services, according to the team: “The network’s open-source, permissionless design aligns incentives among model researchers, hardware operators, API providers and users. Utilizing its Relay Mining algorithm, POKT creates a transparent marketplace for cryptographically verified usage, enabling AI researchers to disseminate work and generate revenue without maintaining infrastructure. This aims to decentralize AI, competing with centralized entities and supporting broad participation.”

June 20: ZKX, describing itself as “the first social perp trading DEX on Starknet and Ethereum,” has raised $6.3 million in a seed round featuring key investors, such as Flowdesk, GCR and DeWhales, according to the team: “This brings the protocol’s total funding to $7.6 million over the past two years. These funds are earmarked to enhance ZKX’s growth and development. One of their main goals is to enable the development of new products such as its native token, $ZKX, which launched on KuCoin, Gate.io and Bitget this week. The token will empower users in governance and staking, with features like social copy trade pools and cross-chain interoperability planned.”

June 20: BNB Chain has successfully activated the BEP 336 Haber Hardfork, according to the team: “This upgrade introduces blob-carrying transactions, drastically reducing gas fees by up to 90%, and marks a significant step in optimizing BNB Chain’s data storage and processing capabilities. This cost reduction enhances the overall efficiency of the ecosystem, positioning BNB Chain as one of the most economical platforms for developers and users. The opBNB scaling solution, which already boasts some of the lowest transaction costs in the industry, will see further reductions to approximately $0.0001, and benefiting the L2s operating on BSC.”