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The Near Foundation and Eigen Labs are joining forces to improve the efficiency and reduce the cost of transactions on Ethereum rollups. The Near Foundation and Eigen Labs have announced a partner ship that stands to significantly enhance the functionality and efficiency of Ethereum rollups . The Near Foundation, known for developing the Near protocol, and Eigen Labs, the creators of the restaking protocol Eigen Layer, are joining forces to address some of the current challenges in the Ethereum (ETH) ecosystem. The core objective of this collaboration is to reduce the cost and increase the speed of transactions on Ethereum rollups . According to official statements, the partner ship is set to achieve transaction times of three-to-four seconds, a notable improvement from current standards. Additionally, this initiative aims to facilitate low-latency communication across rollups, thereby reducing the fragmentation of liquidity between different Layer 2 solutions. You might als...

NEAR Foundation partners with Polygon Labs to develop zkWASM, a cutting-edge zero-knowledge solution enhancing interoperability and security for WASM chains. The NEAR Foundation, renowned for its contribution to the NEAR protocol’s ecosystem, and Polygon Labs, have announced a pioneering venture to create zkWASM—a zero -knowledge proof technology tailored for WASM-based blockchains. This collaborative effort was unveiled at NEARCON, the annual flagship event for the NEAR community, taking place in Lisbon. This strategic partnership promises to merge NEAR’s proficiency in WASM runtime with Polygon’s mastery of zero -knowledge scaling technologies. The initiative is designed to bridge NEAR Protocol with Ethereum, granting WASM chains access to Ethereum’s expansive liquidity. It also lays the groundwork for an interoperability layer currently in the works, enabling a shared liquidity pool across various blockchain landscapes, including alternative layer-1s and EVM layer-2...