Unveiling Valida ZkEVM: Lita Promises Breakthroughs in Speed and Efficiency
May 16: Lita has introduced its Valida zkVM and the Valida C Compiler Toolchain, which are designed to expedite and economize ZKP generation. According to the team: “Valida’s integration with LLVM offers access to numerous mainstream programming languages, facilitating developers’ transition to decentralized systems. Benchmark tests demonstrate that single-core Valida proof generation operates at speeds 1.19 to 54 times faster than multi-core RISC Zero, and improves efficiency between 19 and 1,600 times, significantly reducing both CPU time and energy consumption.”
Entangle Launches Mainnet with ‘Liquid Vaults’ for Interoperable Data Infrastructure
May 16: Entangle, presenting an interoperable data infrastructure layer featuring “liquid vaults,” has launched its mainnet. After two years of development and rigorous testing, the network now includes 71 validators such as Hashkey Cloud, Rhino, Nodefi, and DaiC. The mainnet introduces the Photon Messaging capability, fostering omnichain development across 16 EVM and non-EVM blockchains, including Solana.
Alvara Protocol Unveils Testnet for DeFi-Based Fund Management Platform
May 16: Alvara Protocol has launched its testnet, marking a pivotal step in developing a DeFi-based fund management system. According to the team: “By leveraging DeFi, Alvara transforms fund management with its tokenized fund factory, ensuring superior transparency, liquidity, and cost-effectiveness over traditional hedge funds and ETFs. Grounded on the ERC-7621 token standard, the platform allows anyone to become a fund manager. With the live testnet, users can explore the platform, provide feedback, and shape Alvara’s impact on both DeFi and TradFi.”
Hashgraph Association Partners with Qatar Financial Centre for $50M Digital Assets Venture Studio
May 16: The Hashgraph Association has formed a strategic alliance with the Qatar Financial Centre to establish a $50 million Digital Assets Venture Studio. The initiative will support Qatari and international portfolio companies in creating regulatory-compliant DeFi solutions and digital assets utilizing the Hedera Distributed Ledger Technology. This studio will be integrated into Qatar’s Digital Assets Lab within the QFC Innovation Dome, aligning with Qatar’s ‘National Vision 2030’ to spur R&D in the digital assets landscape.
KYVE Grants Program: Phase 0 Commences, Offering Up to $50K per Approved Project
May 16: Representatives from KYVE Network have announced the commencement of Phase 0 of the KYVE Grants Program, with up to $50,000 available per approved grant. According to the team, the grants are aimed at projects that leverage KYVE’s trustless datasets and tooling.
EasyA Consensus Hackathon – Open for Participants
This year, Consensus is partnering with the leading Web3 educational app, EasyA, to host its inaugural in-person hackathon. The three-day, multi-chain event will feature top-tier sponsors from platforms like Sui, Stellar, and Polkadot, and is expected to attract premier developers focused on advancing Web3 and securing funding for their innovative projects.
<p><i>Historically, projects initiated by EasyA alumni have achieved valuations exceeding $2.5 billion. The upcoming EasyA Consensus hackathon promises to be one of the standout events of 2024.</i></p>
<p><i>Limited spots remain for this significant opportunity. If you're eager to participate, make sure to </i><i><a href="#">sign up here</a></i><i>!</i></p>Protocol Village is a consistent section of The Protocol, our weekly newsletter exploring the technology behind crypto, one block at a time. Sign up here to receive it every Wednesday. Project teams wishing to submit updates can do so here. Browse previous editions of Protocol Village here. Don’t miss our weekly The Protocol podcast.
