Protocol Village: Lita Releases ‘Valida ZkEVM,’ Claims Speed, Efficiency Advantages

Entangle, Interoperable Data Infrastructure Layer With ‘Liquid Vaults,’ Launches Mainnet

On May 16, the team behind Entangle, a data infrastructure layer with interoperability capabilities, is set to launch its mainnet following two years of development and rigorous testing. Currently, the network hosts 71 validators such as Hashkey Cloud, Rhino, Nodefi, and DaiC. A notable addition to the mainnet is the Photon Messaging feature, which facilitates cross-chain development across 16 EVM and non-EVM blockchains including Solana.

Alvara Protocol, Developing DeFi-Based System for Fund Management, Launches Testnet

On May 16, the Alvara Protocol team announced that they are releasing the testnet version of their project. This signifies a significant achievement in the development of their decentralized finance (DeFi) system designed for fund management. The Alvara Protocol aims to make fund management more accessible through an innovative tokenized fund factory that utilizes DeFi, ensuring transparency, liquidity, and cost-efficiency. In contrast to traditional hedge funds and exchange-traded funds (ETFs), this platform is built on the ERC-7621 token standard, enabling anyone to assume the role of a fund manager. With the testnet now live, users can interact with the platform, offer feedback, and contribute to shaping Alvara’s potential influence on both DeFi and traditional financial industries.

Hashgraph Association, Qatar Financial Centre Plan $50M ‘Digital Assets Venture Studio’

On May 16, the Hashgraph Association announced a strategic collaboration with the Qatar Financial Centre. The goal is to establish a $50 million Digital Assets Venture Studio. Based on the team’s statement, this platform will assist both Qatari and international firms in creating regulatory-compliant decentralized finance solutions and digital assets using Hedera Distributed Ledger Technology. The studio will be situated within Qatar’s Digital Assets Lab, which is part of the QFC Innovation Dome under Qatar’s ‘National Vision 2030’. This initiative aims to expedite research and development in the digital asset sector.

KYVE Starts ‘Phase 0’ of Grants Program With Up to $50K Per Approved Grant

On May 16, the KYVE Network team declared the launch of Phase 0 for the KYVE Grants Program: “Up to $50,000 is available for each approved grant that leverages KYVE’s trustless datasets and tools,” as stated by the representatives.

EasyA Consensus Hackathon – Call for Participants

As an analyst, I’m excited to share that Consensus and EasyA are teaming up this year to host the first in-person hackathon in the world of Web3. Over three action-packed days, we’ll bring together top sponsors from Sui to Stellar to Polkadot and beyond. This unique event is sure to draw the best developers from around the globe, who will collaborate and innovate to shape the future of Web3. Additionally, successful projects will have the opportunity to secure funding.

Projects initiated by EasyA graduates have amassed a total value of more than $2.5 billion. The EasyA Consensus hackathon slated for 2024 promises to be the most significant one of the year.

If you’re eager to join our event as a hacker, there are still a few open spots available. Be sure to register here before they fill up!