Matter Labs, the company behind zkSync, raises $200 million to scale Ethereum • ZebethMedia

Matter Labs has raised a $200 million Series C funding round co-led by Blockchain Capital and Dragonfly. Matter Labs is better known for its work on zkSync, an Ethereum scaling solution that drastically reduces the cost of Ethereum transactions. LightSpeed Venture Partners, Variant and Andreessen Horowitz are also participating in the Series C round. Overall, […]

FTX’s seemingly sluggish withdrawals raise eyebrows • ZebethMedia

Withdrawal transactions for customers using FTX, the third largest crypto exchange by volume, have seemingly been limited to a nominal amount or none at all, according to multiple on-chain data sources. Stablecoin withdrawals from FTX dropped to zero around 6 a.m. ET on Tuesday, according to data on CryptoQuant. Meanwhile, withdrawals of ether, Ethereum’s token, […]

Building the bridge between Web 2.0 and web3 • ZebethMedia

Devin Abbott was founder of Deco (acquired by Airbnb) and specializes in design and development tools, React and web3 applications, most recently with The Graph. It’s too early to predict all the implications of the recent Ethereum blockchain Merge, but it definitely addresses the most frequent (and valid) criticism of web3 regarding excessive energy consumption. […]

Developers pour into crypto space despite stagnant markets • ZebethMedia

This year was huge for the crypto developer space even though the digital asset market continues to wallow in a downturn, according to a new report by web3 developer platform Alchemy. Although the crypto market capitalization is down about 58% year to date, web3 developers are pouring into the space. The report found that developer […]

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