Sony launches Soneium blockchain to drive mainstream web3 adoption. Soneium focuses on scalability, built on Optimism’s Superchain. Soneium rollout will be in a three-phase plan: onboarding developers, integrating Sony products, and expanding to enterprises. Sony has officially entered the blockchain arena with the launch of its own network, Soneium, developed in collaboration with Singapore-based Startale
Matter Labs has laid off 24 employees, over 16% of its workforce, amid market changes. The company is shifting focus from general-purpose scaling to niche applications. Despite layoffs, Matter Labs continues hiring for critical engineering and business roles. Matter Labs, the company behind the Ethereum scaling network ZKsync, has announced the layoff of over 16%
0G has transitioned into a Decentralized AI Operating System (dAIOS). Initially, OG was a leading modular AI blockchain. 0G aims to democratize AI as a public good, attracting interest across various sectors. On October 1, 2024, 0G announced a groundbreaking shift in its identity, evolving from a leading modular AI blockchain to the world’s first
CrossFi launched an EVM-compatible mainnet for scalable web3 payments. The network supports 10,000 TPS and bridges Ethereum assets seamlessly. Governance uses MPX tokens, with fees averaging $0.02 per transaction. Cross Finance, commonly known as CrossFi, has announced the launch of its EVM-compatible mainnet, marking a significant step in the evolution of decentralized finance (DeFi) and
The fund is the Delta Wellington Ultra Short Treasury On-Chain Fund or ULTRA ULTRA is live on Ethereum; however, there are plans to expand it to Arbitrum, Avalanche, and Solana Wellington Management, an asset manager with over $1 trillion in assets, is partnering with Ondo Finance to power intraday redemptions for a newly unveiled tokenized
Bangkok will host the Open AGI Summit on November 14 alongside DevCon 2024. The summit focuses on ethical AI development through decentralized governance models. Prominent speakers include Pramod Viswanath and Sandeep Nailwal from leading firms. Bangkok is set to be the epicentre of innovation as it hosts the Open AGI Summit on November 14, 2024,
