Engineering

DAO infrastructure platform Layer3 raises $2.5 million in seed funding 

Crypto startup Layer3, which provides tools for decentralized autonomous organizations (DAOs), has raised $2.5 million in a seed funding round.ParaFi Capital led the round, with Electric Capital, Lattice Capital, 6th Man Ventures, Red Beard Ventures, and Mirana Ventures also participating.  Angel investors, including Balaji Srinivasan, Kain Warick of Synthetix, and Jai Bhavnani of Rari Capital, also backed the round. With fresh capital at hand, Layer3 plans to expand its current team of two co-founders — Brandon Kumar and Dariya Khojasteh — to around six in the near future, Kumar told The Block. The startup

TrustToken acquires EthWorks, Doubling Team Size for TrueFi Scale-Up

After recently raising +$12.5 million, the world’s leading collateral-free lending platform is joining forces with a globally recognized team of Web3 engineers and designers. San Francisco, California, September 2021—TrustToken, the team responsible for launching TrueFi, the leading unsecured lending protocol, and maker of popular stablecoins including TrueUSD, announces the acquisition of EthWorks, a leading Web3 development company with a deep portfolio of successful blockchain projects. The acquisition doubles TrustToken’s team size, quadruples the company’s technical talent, and brings in senior technical and design leadership to take TrustToken’s mission to the next level.

L2 Labs explores L2.Cash Protocol to bring Zk-Proofs to payment tools

L2 Labs Foundation, the high-profile software engineering team behind flagship Ethereum-based decentralized exchanges (DEXes), solidifies its stance as a prominent scaling infrastructure provider. Now it intensifies the research and development efforts addressing the one-stop payment solution for businesses and individuals. L2 Labs Foundation develops payment protocol powered by zk-proofs: What is L2.Cash? Seasoned blockchain developers from L2 Labs have shared the details of their new product, L2.Cash. It is going to allow decentralized applications and end-users to harness leading L2 scaling techniques of the Ethereum (ETH) universe, zk-proofs. The new

Ben Carson, John Maxwell, Jack Brewer, David Sillaman, Ryan Klesko speaking at Liberty’s CEO Networking Summit in Lynchburg, VA.

The Networking the Nations Summit will take place on campus Aug. 10-12, 2021 and will bring in a titanic collection of American business superstars and capital and marketing experts. LYNCHBURG, Va. (PRWEB) August 10, 2021 The Liberty University School of Business, in partnership with Liberty’s Standing for Freedom Center, is set to orchestrate yet another groundbreaking summit, bringing in former U.S. Secretary of Housing and Urban Development and founder and chairman of American Cornerstone Institute Ben Carson, and NY Times Bestselling author and speaker on business leadership John Maxwell, as

Flare Network Review: Smart Contract Network For XRP

As the third largest cryptocurrency most people familiar with the space have heard about Ripple and they understand that it is a global payment and foreign exchange network that was designed to replace the outdated SWIFT banking network. And while it works great for that specific use case, otherwise it has shown limited usefulness in other functions.That might all be fixed however as the Flare Network has been created with the goal of improving the utility of XRP tokens by creating a network with smart contract capability for the XRP

Why Trust, Openness, and Interoperability Are Vital to Data Exchange

Things are changing rapidly and there is a significant rise in demand for decentralized data solutions. How do decentralized data solutions work? How effective are they? In which business instances can they help? Decentralized data protocols and marketplaces give individuals and enterprises the opportunity to monetize their data in a way that is safe and compliant. Through blockchain technology, information is traceable and verifiable via its decentralized application archive. Data that flows through its decentralized archive is immutable and cannot be changed, allowing for increased control both within and between

Efforce (WOZX): Apple Co-Founder Steve Wozniak’s Cryptocurrency

Every so often a cryptocurrency is released that makes you a do a double take. Efforce (WOZX) is certainly one of those cryptocurrencies. Efforce was founded by world famous Apple co-founder Steve Wozniak, and WOZX cryptocurrency token went from a price of 10 cents USD to over 3$USD in its first days on the market. In just the first 13 minutes of trading, WOZX had an unrealized market cap of 950 million USD.Although this price action made the headlines both inside and outside of the cryptocurrency space, it seems that

How to Restore Your Faith in Government

Images courtesy of MIT Video Productions Here’s the announcement of the new blockchain education program with the Massachusetts state government. It’s a big deal. We have a vision for where this kind of partnership can go, when governments begin educating themselves on the power of bitcoin and blockchain. That vision can be summed up in two words: Kendall Square. Kendall Square, then. The Kendall Square neighborhood lies next to the Massachusetts Institute of Technology, stretching along the Charles River that separates Cambridge from Boston. (Here’s a map.) Although you’d think