ZKsync

The team at Space and Time (SxT) is proud to join the Elastic Chain ecosystem by building our very own ZK Chain. ZKsync's Elastic Chain is a groundbreaking solution to Web3’s fragmentation problem, and SxT is excited to be at the forefront of this innovation. Today, we’re thrilled to announce the pioneering new capabilities that our research team is delivering to the ZKsync ecosystem. 1. What is SxT? ➡️ SxT is the ZK-proven data layer for ZKsync and the Elastic Chain ecosystem. Our team built and shipped Proof of SQL—the first sub-second ZK prover for blockchain data—to give smart contracts the ability to trustlessly process data at scale. Before Proof of SQL, this didn’t exist in Web3. Now, SxT allows contracts in the ZKsync ecosystem to ask data-driven questions about the entire history of ZKsync, other chains, and even offchain data and receive back ZK-proven answers onchain. ZK Chains can facilitate more sophisticated DeFi, gaming, social, and crypto-native infra: ✅ Query comprehensive data from major chains directly from your smart contract on any ZK Chain in a trustless way. Your DeFi protocol, onchain game, or lending market doesn’t have to wait 30 minutes to get a verified answer back onchain. Instead, SxT provides the data your contract needs within block time. 📩 Seamlessly pass threshold-signed messages from one ZK Chain to another (including data about recent activity on your ZK Chain) to facilitate bridging, rewards, slashing, lending collateral, cross-chain gaming, loyalty programs, analytics, and more. 🔗 Access every single data point, transaction, wallet balance, and smart contract event from each rollup across the ever-expanding network of ZK Chains in a trustless way. Only with SxT. 2. Supporting the Space and Time Network: Furthermore, we’re excited to announce that the ZK Chain will be SxT's transactional epicenter, providing… 🏦 The dedicated settlement layer for the SxT network: ZKsync will provide secure and efficient transaction processing to the network. SxT plans to have node operators stake, register with the network, and receive rewards on our ZK Chain. 🌐 The hub chain for all SxT network TVL: SxT plans to accept payments for compute in various tokens and settle liquidity on ZKsync. 3. SxT and the Elastic Chain: The fragmentation of ETH rollups has achieved impressive cumulative throughput capacity, but at the cost of user experience, capital efficiency, and network integrity. These problems can be solved with ZK. ➡️ The Elastic Chain is an ecosystem of autonomous ZK Chains, like SxT, that are interconnected natively at the protocol level, allowing both users and liquidity to move between them freely. Given our alignment to ZK, and the unparalleled interoperability, throughput, verifiability, and security offered by ZKsync, it should be pretty obvious why SxT chose to build our chain on the Elastic Chain. Join our community: https://lnkd.in/gndaU8WD

Today, ZKsync unveils the Elastic Chain — an ever-expanding network of ZK rollups, secured by math and natively interoperable under a uniform, intuitive UX. Read the full post here: https://lnkd.in/ePUxwr7w

Deutsche Bank is collaborating with the Monetary Authority of Singapore (MAS)'s Project Guardian and Memento Blockchain to explore asset tokenization, on zkSync. Deutsche Bank will explore an interoperable blockchain platform that provides services to tokenized and digital funds on a ZK Chain as part of the asset and wealth management workstream. The firm aims to contribute by recommending protocol standards and best practices with the goal of commercialization. zkSync’s security, customizability, and confidentiality aspects enable the use case developments. This initiative builds upon the success of Project DAMA in 2023, which showcased a more efficient, secure, and flexible solution for digital fund management and investment servicing. Learn more here: https://lnkd.in/dJyVH3tU

Lens Protocol, by Avara, is integrating with zkSync to build the next generation of social media. Social media is one of the most powerful forces in the world today, empowering billions of people to connect. Yet the price of this prosperity is paid in user data, enriching corporate giants that trap users in their walled gardens. Building on ZK Stack, Lens will challenge centralization and future-proof online social interaction. This development aims to enable: 1. Decentralized social spaces designed for mass adoption 2. “Liquid citizens” who freely move their social capital between networks 3. A fairer and more open digital ecosystem Check out the details here: https://lnkd.in/eiWhJ7DR

Exciting news—developers can now start building their zkSync Era apps on Alchemy. This integration provides developers with strong infrastructure and tools necessary to build fast, affordable, and innovative Dapps. Building with Alchemy gives zkSync Era developers immediate access to: • Supernode, Alchemy’s scalable infrastructure to build web3 apps • Alchemy’s suite of products, including NFT API, Token API, Transfers API, and Webhooks • Developer tools like alerts, sandbox, logs, and a user-friendly dashboard interface • 24/7 engineering support Click this link to learn more: https://lnkd.in/dp29ueaM

Fireblocks integrates zkSync's ZK Stack on its platform, enabling institutions to launch their own Layer 2 networks that combine public network benefits such as interoperability and composability with unique enterprise features. All without compromising security. This integration reduces the barriers to blockchain adoption for enterprises and reinforces Fireblocks and zkSync’s commitment to driving blockchain innovation, providing organizations with next-gen tech to grow their digital asset businesses. Get started with your business here: https://lnkd.in/eEwHcD8z

Blockdaemon has launched dedicated RPC Archival Nodes for zkSync's Mainnet and Testnet, significantly enhancing Ethereum's Layer 2 scalability. These nodes facilitate scalable, secure, and cost-effective transactions using zero-knowledge proofs and are designed for global deployment on both cloud and optimized bare-metal infrastructures. This development not only supports the stability and transparency of the zkSync network, but also allows enterprises to streamline their infrastructure management processes to focus on growth and innovation. For more information on how to deploy your node, click here: https://lnkd.in/edNecsf7

Congratulations to Pudgy Penguins and Luca S. for the feature on Forbes Daily spotlighting Pudgy Penguins’ one-of-a-kind work bridging zkSync blockchain tech with mainstream retail.  Pudgy Penguins, which will host their game 'Pudgy World' on the zkSync blockchain, achieved remarkable success in May 2023 with their initial venture into physical products. Their plush toys, each including a unique NFT-linked birth certificate with a QR code, sold out on Amazon within 48 hours, generating $500,000 in sales.  Generating $10 million in revenue, over a million toys have been sold through partnerships with over 2,000 Walmart stores, Five Below, and Macy's. Expansions into Target and Walgreens, alongside a growing store presence in Walmart's, underscore Pudgy Penguins' continued success in setting new industry standards. Omer Dekel, CEO at Pudgy’s manufacturer, hints at more to come. Learn more about how Pudgy Penguins is innovatively merging the digital with physical retail worlds, here: https://lnkd.in/ensX8kFd

Circle's #USDC is now available natively on zkSync Era mainnet! The integration of on/off-ramps for USDC on zkSync with Circle Mint and its APIs offers businesses and institutions a gateway into the cryptocurrency market with a stable, efficient, and compliant platform. This not only streamlines financial transactions but also opens up new opportunities for innovation and expansion in the digital currency space. 

Matter Labs is leading the way toward a tokenized future on zkSync. Sygnum Bank, a global digital asset banking group, will invest USD $50 Million into Fidelity International's Institutional Liquidity Fund (ILF) to tokenize Matter Labs’ treasury. The Sygnum-issued security tokens on zkSync act as on-chain representations of units from in the ILF to generate secure and transparent "Proof-of-Reserves.” Learn more: https://lnkd.in/d3stwizh