Web3 Project Updates and Developments

Track the latest Web3 project updates, including DeFi, RWA, public chain ecosystems, project updates, and partnership announcements.
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Gate Founder Dr. Han Attends Gate Ventures High-End Networking Dinner and Delivers Opening Speech

Gate Ventures hosted a high-end networking dinner at The Peninsula Hong Kong, where Founder and CEO Dr. Han shared profound insights into the evolution of the financial industry and the integration of technology, emphasizing the importance of collaboration within diverse systems and a long-term value-oriented approach. The event provided participants with a high-quality dialogue space, fostering cross-sector collaboration.
GateNewsBot·2h ago

Strategic US IPO! Backpack announces TGE airdrop of 25% tokens, strictly preventing insider cash-out

Cryptocurrency exchange Backpack, developed by Solana developers and former FTX executives, announced strict token allocation and unlocking mechanisms to prevent insider selling. 25% of the tokens will be airdropped to the community at launch, while the remaining tokens will be unlocked in phases after reaching specific milestones and will be locked for 12 months post-listing. The founders emphasized that the team's earnings will depend on the company's successful listing and are committed to becoming a compliant and sustainable financial platform. Backpack's goal is to combine crypto and traditional finance to serve the global market, with a priority on obtaining regulatory approval.
区块客·2h ago

ExVul and Pharos establish $1.25 million security audit grants to support early-stage startup teams in incubators

Global leading Web3 security company ExVul has established a strategic partnership with the financial public chain Pharos, setting up a $1.25 million security audit fund to support early-stage startup teams within the Pharos ecosystem. They will provide comprehensive security audits and consulting services, aiming to build a sustainable and secure infrastructure.
GateNewsBot·2h ago

Ethereum L1-zkEVM debut imminent, EIP-8025 may reshape block validation efficiency and costs

Ethereum will undergo its most groundbreaking architectural upgrade since the "Merge." Today marks the official launch of the first L1-zkEVM Workshop, where a brand-new block verification system based on zero-knowledge proofs is being showcased for the first time. This solution is expected to enable faster block confirmation, reduce resource consumption, and significantly lower operational barriers. Ladislaus.eth, a researcher at the Ethereum Foundation, stated that this could be one of the most impactful upgrades in network history. The core of this roadmap is EIP-8025 "Optional Execution Proof," which allows some validators (zkAttesters) to confirm blocks through cryptographic proofs without re-executing each transaction. For existing nodes, this is an optional upgrade and will not be mandatory, but adopters will gain clear efficiency advantages.
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GateNewsBot·2h ago
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