Why StarkWare Faces Backlash Over Token Design
Ethereum second layer scalability company StarkWare confirmed the rumors about the upcoming launch of the StarkNet token. The asset is aimed at enabling the project to operate a decentralized ecosystem and to create an effective mechanism to “direct its evolution”. Related Reading | Polygon Climbs 20% On Disney Glee – Can MATIC Sustain Gains This Month? The StarkNet is an Ethereum second layer scalability solution based on Zero Knowledge (ZK) Rollup technology. This provides decentralized applications (dApps) with “unlimited” scalability without compromising security,....
Related News
The tweet attracted wild reactions from the community with several accusing the co-founder of playing the blame game while his whereabouts are unknown. Su Zhu, co-founder of Singapore-based crypto venture capital firm Three Arrows Capital (3AC), returned to Twitter after nearly a month of inactivity. In another cryptic tweet, he blamed liquidators for baiting them with respect to StarkWare tokens.The tweet with attached mail from legal counsel claimed that Starkware equity had a token warrant that expired on July 5 and that the liquidator didn’t exercise the warrant, resulting in the loss....
According to the startup Starkware, the team’s Ethereum layer two (L2) service Starknet has been integrated by the blockchain API and node service Alchemy. Developers can now leverage Alchemy’s infrastructure tools alongside Starknet’s zero-knowledge (ZK) rollup technology.
Israel-Based Startup Starkware Partners With Alchemy
On Monday, the blockchain startup Starkware announced the team has inked a strategic partnership with Alchemy. The partnership will allow Alchemy customers to build decentralized finance (defi) and Web3 applications using Starknet,....
This week, another airdrop controversy has sent the crypto community into havoc. Omnichain interoperability protocol LayerZero recently announced its ZRO Token launch alongside an Airdrop for its community. Related Reading: Trump-Inspired Memecoins Crash 30% After Rumors Of Trump’s Official Token Launch However, investors were shocked when the protocol announced the new ‘Proof-of-Donation’ mechanism. The token’s price has dropped over 20% after launching. LayerZero Faces Backlash For Token Airdrop On June 14, the LayerZero Foundation took X to tease an upcoming airdrop. That day, Bryan....
Sequoia Capital led zk-Rollup protocol StarkWare’s Series C funding round. Israel-based StarkWare announced on Tuesday via Twitter that it had raised $50 million in a Series C funding round, and that the firm’s valuation is now at $2 billion. Sequoia Capital was the lead investor, among other contributors. Seven months ago, StarkWare raised $75 million in a Series B funding led by Paradigm.We are excited to announce our Series C of $50M at $2B. A big thanks to our lead investor, @sequoia, our wonderful follow-on investors, and the dozens of ecosystem partners and collaborators who....
The bitcoin exchange isn't receiving the regulatory approval it expected for its Lend product, citing a lack of clarity from the SEC.