Treasure Launches New Ethereum L2 Network Powered by ZKsync
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Web3 gaming platform Treasure has launched its own Ethereum layer-2 scaling network via ZKsync, shifting away from its earlier use of Arbitrum….
Ethereum layer-2 ZKsync faces scrutiny from Solana co-founder
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Solana co-founder Anatoly Yakovenko has criticized the Ethereum layer-2 network ZKsync because it still operates like a multisig system despite claims of…
Matter Labs Shrinks Workforce by 16% as Zksync Shifts Its Strategy
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Matter Labs reduces its workforce by 16% in response to market and business changes. The company promotes decentralization and operational efficiency. Matter…
Matter Labs Restructures, Cuts 16% of Workforce Amid Strategy Shift
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Matter Labs, a key player in the crypto industry, is restructuring, resulting in a 16% workforce reduction. The decision, made to align…
User Games Zksync Airdrop, Receives Over $1.1 Million in 350 Wallets
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K1z4, an X user, recently revealed that they had farmed the Zksync airdrop, receiving over 6.6 million ZK tokens, valued at over…
ZkSync (ZK) Drops 20% Amid Binance Listing
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ZkSync, the Ethereum Zero-Knowledge Layer-2 scaling solution, has been in the spotlight for its new token. Last week, the project’s announcement of…
Allegations of ‘Rug Pull’ Arise After Gemholic Team Withdraws $3.5M in Previously Locked ETH
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On June 7, the team behind the Zksync project Gemholic withdrew 921 previously locked ethereum tokens in a suspected rug-pulling incident. The…
Community Backlash Forces Matter Labs to Drop ‘ZK’ Trademark Bid
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The developer of the Zksync Ethereum Layer 2 network, Matter Labs, abandoned its bid to trademark the term ‘ZK’ just days after…