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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...

As BlackRock reiterates that an optimal investment allocation should include 84.9% BTC, the firm has formed a major investment partnership in India. Global investment giant BlackRock is expanding its reach in India with a partnership targeting the launch of the “digital-first offering” in India. BlackRock, on July 26, officially announced a joint invest ment project with Jio Financial Services (JFS), an arm of Indian tycoon Mukesh Ambani’s Reliance Industries — India’s most-valued firm. The companies each plan to invest up to $150 million in the 50:50 joint venture. Named “Jio BlackRock,” the project aims to provide “tech-enabled” access to “affordable, innovative investment solutions” to millions of investors in India, the announcement reads. The venture will utilize BlackRock’s expertise and talent in invest ment management, tech access, operations, scale and market intellectual capital, the announcement said. JFS will in turn contribute to local market insights as well as digital ...