Layer 2 Network – TOP DAILY NEWS

Jan162025 by adminNo Comments

Sony’s “Entertainment Network”, Soneum, Goes Live

Business

Sony released a layer 2 network on Ethereum to develop a home entertainment layer on top of a Web3 financing layer. The network is open to all developers and will secure developer rights while guaranteeing fair worth circulation in between developers and customers. Sony, the media and Entertainment giant, has actually introduced a layer 2 network on Ethereum called Soneum through its subsidiary, Sony Block Solutions Labs. The network is planned to utilize Web3 tech to power a digital developer economy. The network, developed utilizing the OP stack (a blockchain advancement package from the Optimism Foundation), will utilize chain abstraction innovations and approaches to onboard routine users to Web3 without needing them to comprehend the underl...

Sep182024 by adminNo Comments

Base Unveils ENS Subnames for Users, Targets Dutch Auction for Launch

Technology

Coinbase's Ethereum-based Layer-2 network Base is enhancing its services and introducing a brand-new identifying system called Basenames. Basenames are sub-names formed from the Ethereum Name Service (ENS) structure that enables users to alter their intricate crypto addresses into understandable names. 'Very quickly' suggests ... tomorrow Prepare yourself to declare your Basename https://t.co/NQd6aJV0MC -- Base (@base) August 19, 2024 Base designers state Basenames will be an essential on-chain foundation to assist users produce a distinct identity. Base Rolls Out ENS Subnames Feature to Upgrade Services These ENS subnames are developed under the structure of an existing ENS (moms and dad) name. The goal is to handle several ENS identities appropriately and more effectively. A...

Sep152024 by adminNo Comments

Polygon to Start Much-Awaited Swap of POL Token for Longstanding MATIC

Business

Polygon, a layer-2 network atop the Ethereum blockchain, will trigger an upgrade on Wednesday that swaps out its longstanding MATIC token for a brand-new POL token, permitting more versatility on issuance of brand-new supply.While the prepared switchover has actually been well-telegraphed, the changeover might be carefully kept an eye on, given that the token is extensively held throughout crypto financier portfolios; it's the 13th greatest by market capitalization in the CoinDesk 20 index of big digital properties, at about $3.8 billion. For numerous users, the swap will happen instantly.The migration comes as a part of the job's prepared revamp set out in 2015 in its "Polygon 2.0" roadmap, to make POL the native token of its primary chain, the Polygon PoS chain, along with ultimately oth...

Sep52024 by adminNo Comments

Procedure Village: Radix Plans $37M Endowment Fund, Fetch.ai Starts San Francisco Innovation Lab

Business

Wednesday, Aug. 28Sony-Backed Layer 2 Network 'Soneium' Launches Public Testnet 'Minato'Sony Group's blockchain joint endeavor with Startale Labs, Sony Block Solutions Labs (Sony BSL), released the "Soneium Minato" public testnet, together with an enthusiastic designer incubation program, "Soneium Spark." According to the group: "This double effort marks a considerable turning point in Sony Group's entry in Web3, poised to catalyze community development and speed up adoption by leveraging its large international reach and technological knowledge throughout home entertainment, video gaming and customer electronic devices sectors." The relocation comes a week after the pioneering electronic devices huge revealed the strategies to set up a layer-2 network atop Ethereum called Soneium, utilizi...