TL;DR ZKsync has launched the recently approved Ignite program to promote DeFi liquidity on its network by distributing 325 million ZK tokens. Ignite aims to increase the total value locked (TVL) in the ZKsync ecosystem and reduce slippage in transactions to benefit both traders and liquidity providers.

The ZKsync initiative could revitalize DeFi activity, potentially reversing declining user engagement and transaction volumes across its network. The post ZKsync approves proposal to distribute 325 million ZK tokens to boost liquidity across chains appeared first on Crypto Briefing.

Tokenization is poised to revolutionize industries such as finance, commodities, intellectual property, and real estate by converting asset rights into digital tokens on blockchain platforms. This transformation is expected to create a market worth up to $16 trillion by 2030.

Binance has successfully integrated USDC on the zkSync Era network, allowing users to deposit and withdraw the stablecoin, according to Binance's recent announcement.

The City of Buenos Aires has announced a new collaboration with ZKSync, allowing 3.6 million citizens to use blockchain technology for their digital identity. Over 60 documents are accessible through this platform.

Binance Labs has invested an undisclosed sum in ZKsync 'elastic chain' Sophon ahead of its mainnet launch and token deployment next month.

Major crypto exchange Coinbase has once again expanded its offerings by welcoming new listings this week. The latest listings reflect Coinbase's commitment to providing its users with access to a broader range of digital assets and to supporting the growth of the cryptocurrency ecosystem.

Cryptocurrency exchange Coinbase has announced the addition of ZKsync (ZK) on its platform, a move that has driven ZKsync's price to a 30-day high, as bullish traders counter the recent bearish trend. The announcement outlined that users could now transfer ZKsync assets on Coinbase and Coinbase Exchange in regions where trading is permitted.

TL;DR Community-Driven Decision: Treasure DAO is migrating from Arbitrum to ZKsync following an overwhelming community vote. Key Motivations: The move is driven by ZKsync's superior scalability, cost-effectiveness, and enhanced gaming potential, aligning with Treasure DAO's vision for mass adoption.

Treasure DAO confirms that it is working closely with over ten blockchain games on its web3 gaming console for this transition.

The gaming DAO "overwhelmingly" voted to approve a plan to migrate the ecosystem from Arbitrum to ZKsync

ZKsync announced the integration of Chainlink's Cross-Chain Interoperability Protocol (CCIP) on September 16.

CCIP has officially launched on ZKsync Era mainnet, marking a pivotal milestone for the Layer 2 scaling solution.

TL;DR Chainlink has launched its Cross-Chain Interoperability Protocol (CCIP) on the ZKsync Era mainnet, marking a crucial advance in cross-chain interoperability. This integration with ZKsync, a Layer 2 scaling solution that uses zero-knowledge (ZK) proofs, enhances security, privacy, and scalability on the Ethereum network.

Decentralized oracle network Chainlink has expanded its cross-chain interoperability protocol to zero-knowledge proofs platform ZKsync. Chainlink (LINK) announced on Sept.

The integration of Chainlink CCIP on ZKsync Era Mainnet enhances cross-chain capabilities, fostering broader blockchain adoption in traditional finance. The post Chainlink CCIP goes live on ZKsync Era Mainnet appeared first on Crypto Briefing.

Chainlink's CCIP goes live on ZKsync, empowers developers to create cross-chain DApps, and fosters greater interoperability.

Solana co-founder Anatoly Yakovenko has criticized the Ethereum layer-2 network ZKSync because it still operates like a multisig system despite claims of community-led governance.

Ethereum layer-2 scaling solution zkSync has officially launched its ZKSync governance system, enabling community members to contribute directly to the protocol's development.

ZKsync officially launched its decentralized governance model in a post explaining how it works, what it is and the principles on which it is built. According to the Ethereum Layer 2 protocol, the newly launched governance system is decentralized and includes smart contracts.

TL;DR Decentralized Governance: ZKsync has launched a decentralized governance model on the mainnet, allowing the community to drive protocol updates through on-chain contracts. Three Governance Bodies: The model includes the Token Assembly, Security Council, and Guardians, each with distinct roles to ensure balanced control and security.

Treasure DAO will vote to decide whether to migrate its Web3 gaming from Arbitrum to ZKsync. Karel Vuong noted that ZKsync's technology better fits Treasure's decentralized gaming.

ZKsync's governance model is based on the principles of resilience, decentralization, and alignment with its mission.

Key points

ZKsync has officially launched its governance model, which includes smart contracts that are now active on the mainnet.

Proponents of migration plan see ZKsync as more 'suited' to Treasure DAO's long-term plans for decentralized gaming.

Matter Labs has hired Meghan Hughes, the former VP of Marketing at the Solana Foundation, as its new chief marketing officer.

LayerZero's CEO commented on the inclusion of a “big Sybil hunt” to block bots and reward real users. The main reason for Sybil filtering was due to fake accounts trying to claim airdropped tokens.

Major Crypto exchange Coinbase has revealed additional listings this week. Specifically in the past day, Coinbase announced the addition of zkSync (ZK) to its listing road map.

American cryptocurrency exchange Coinbase has announced the potential listing of zkSync (ZK), causing a visible uptick in market valuation. Precisely, the publicly listed company added the ZK token to its roadmap, suggesting imminent listing for the Ethereum Layer 2 scaling solution.

Matter Labs reduces its workforce by 16% in response to market and business changes. The company promotes decentralization and operational efficiency.

A total of 24 employees were affected by the layoffs, which come as the company attempts to navigate the growing field of Ethereum layer-2s.

TL;DR Matter Labs reduces its workforce by 16% due to decreased demand for its ZKsync Era protocol. ZKsync's activity has dropped from over 455,000 active addresses in April to approximately 92,620 currently. The company is adjusting its strategy and resources to align with the shift in market demand and the increased need for ZK Chains.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

Matter Labs, the company behind Ethereum Layer-2 protocol zkSync, has announced its plans to restructure the organization. Unfortunately, this involves a couple of staff reduction that impacted about 16% of the Matter Labs' team.

Matter Labs' workforce reduction highlights the challenges and competitive pressures in the evolving Ethereum layer-2 blockchain ecosystem. The post ZKsync's Matter Labs cuts 16% of workforce in restructuring move appeared first on Crypto Briefing.

CEO Alex Gluchowski said the market environment and business needs have changed significantly over the course of this year.

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Avalanche's and zkSync's Discord channels were hacked by cybercriminals as they lured users to click malicious links. Polygon's Discord channel went through the same ordeal on August 24.

The official Avalanche account reported a hacked Discord server. The official ZkSync Discord was also infiltrated hours later of the Avalanche exploit.

The crypto community was left reeling after the official Discord servers of Polygon, Avalanche and ZKsync were hacked to spread malicious links.

TL;DR Avalanche and ZKsync Discords Compromised: Following a similar breach on Polygon's Discord, the official servers of Avalanche and ZKsync were compromised, raising significant security concerns within the crypto community.

Recent Discord breaches across Polygon, Avalanche, and ZkSync caused major losses and token drops.

Crypto scammers targeted the Discord servers of several crypto projects over the weekend in a series of attacks.

There is a generally growing occurrence of crypto scams and hacks.

The Discord servers of several high-profile blockchain projects were all hit with similar attacks over the weekend — all sharing links to sham token distribution schemes.

Aave, a popular decentralized lending protocol, has launched its latest version, Aave V3, on the Era mainnet. This launch is powered by zkSync, which improves blockchain performance and privacy.