April 24 (PROTOCOL VILLAGE EXCLUSIVE): Alchemy, a blockchain development firm, launched “Pipelines,” a new tool that allows engineers to build and maintain a data pipeline with just a few clicks, according to the team: “This is Alchemy’s first indexing product since it acquired Satsuma last year. A data ‘pipeline’ is how engineers extract data from a ‘source’ and send it to a ‘destination’ – often a database owned by the engineers. Before Pipelines, this process could take engineers up to a week to set up. With Pipelines, a single engineer can set up a data pipeline in under five minutes and start getting data almost immediately, saving Web3 projects hefty engineering costs and time.”

Chainlink’s CCIP Enters ‘General Availability’ for Permissionless Use

April 24: The Chainlink Cross-Chain Interoperability Protocol (CCIP) has officially entered “general availability,” or “GA,” according to the team: “Any developer can now permissionlessly use CCIP to securely transfer onboarded tokens cross-chain, send arbitrary messages to smart contracts on another blockchain, or simultaneously send data and value together through CCIP’s unique support for Programmable Token Transfers. Supported blockchains include Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Kroma, Optimism, Polygon, and WEMIX, with many more to come in the future.”

Metis Decentralized Sequencer Upgrade Adds New ‘Mining’ Feature

April 23: Metis unveiled phase 2 of its decentralized sequencer, adding new technical features and introducing “Sequencer Mining” for users, according to the team: “With Sequencer Mining, sequencer nodes will earn METIS tokens for their role in processing transactions and generating blocks within blockchain networks using Layer 2. LST providers will operate sequencer nodes, and users will be able to stake via these providers, unlocking liquid tokens in the process. The Metis community chose Artemis Finance and Enki Protocol as the two LST protocols for the Alpha Phase.” (METIS)

April 23: The Mina Foundation and o1Labs are announcing their collaboration with Celestia to integrate Celestia’s modular Data Availability (DA) layer with Mina Protocol and streamline the integration of zkApps in Web apps. According to the team: “This collaboration addresses the issue of ensuring that all data in a blockchain block is published to the network, making it easier to identify a malicious transaction hidden within that block and support secure scaling.”

Ethereum Name Service Integrates With ICANN-Approved Top-Level Domain ‘.Box,’

April 23: Ethereum Name Service (ENS), an open-source blockchain naming protocol, has successfully integrated with .box, an ICANN-approved top-level domain (TLD), according to the team: “Users in both Web3 and Web2 can access email, host websites and interact on Ethereum using a single domain name. By enabling immediate compatibility with mainstream platforms like Google Chrome, Safari, Outlook and G Suite, .box domains facilitate the integration of on-chain digital identities into existing infrastructure, bridging the gap between Web2 and Web3 technologies.”

Galaxy, Lightspeed Lead $15M Raise for Turnkey, Crypto Wallet Startup From Former Coinbase Employees

April 23: Turnkey, a company that builds wallet infrastructure for blockchain developers, has raised $15 million in a Series A funding round led by Lightspeed Faction and Galaxy Ventures. Co-founded by a pair of former Coinbase employees who helped build the U.S. crypto exchange’s custody service, Turnkey aims to help application developers build user-friendly blockchain wallets.

Turnkey co-founders Jack Kearney and Bryce Ferguson (Turnkey)

Protocol Village is a regular feature of The Protocol, our weekly newsletter exploring the tech behind crypto, one block at a time. Sign up here to get it in your inbox every Wednesday. Project teams can submit updates here. For previous versions of Protocol Village, please go here. Also please check out our weekly The Protocol podcast.

Neura, Ankr’s Layer-1 Chain for AI, Releases Public Testnet

April 22: Neura, the EVM-compatible layer-1 blockchain for AI from the team at Ankr, built on Cosmos SDK, just released its public testnet, now available for developers looking to build dApps that fuse AI and Web3, according to the team: “Neura provides solutions to critical AI startup challenges like securing funding, obtaining GPU resources, and storing data efficiently with a novel blend of tech. Neura’s “Road To Mainnet” program will include a developer competition with top projects splitting $100,000 in grants. It will also incorporate rewards for ANKR token holders, with special benefits like receiving the first chance to invest in new AI model tokens.”

April 22 (PROTOCOL VILLAGE EXCLUSIVE): The DODO team, which previously developed the “Proactive Market Maker” algorithm and features including a cross-chain swap aggregator, announced the launch DODOchain, an Omni Trading Layer3, powered by Arbitrum Orbit, EigenLayer, and AltLayer, according to the team: “DODOchain stands as the pioneering layer-3 solution, seamlessly bridging layer 2s of Bitcoin and Ethereum, with a focus on consolidating liquidity from diverse chains.” According to a press release: “DODOchain will leverage EigenDA to utilize Ethereum’s consensus and security features. DODOchain will also work as a restaked rollup, being one of the first Actively Validated Services (AVSs) in the Eigenlayer ecosystem. DODOchain has adopted AltLayer’s novel restaked rollups infrastructure based on EigenLayer’s powerful restaking mechanism. This not only strengthens network security and decentralization but also facilitates rapid deployment and cross-chain interoperability, creating a smoother and more interconnected blockchain experience for users.” A testnet is live.

April 22 (PROTOCOL VILLAGE EXCLUSIVE): Omni Foundation, supporting Omni Network, which is a layer-1 chain and Ethereum-focused interoperability protocol powered by EigenLayer restaking, announced the launch of Omni Network’s mainnet on the Ethereum layer-2 networks Arbitrum and Optimism. According to the team: “Omni is an L1 to unite Ethereum rollups, offering access to all users and liquidity of the Ethereum ecosystem. The launch follows Omni’s token generation event and airdrop with 3M $OMNI sent to Omni and Ethereum ecosystems.”

Celo Chooses Optimism, Concluding Bake-Off Among Layer 2s

Io.net, Aethir Partner to Create ‘Airbnb of GPUs’

April 22: Io.net, a decentralized network for GPU Compute that raised $30 million in March, and Aethir, a project for decentralized cloud computing, have partnered to create what they’re calling the “Airbnb of GPUs,” merging over 640,000 computing units to democratize supercomputing. According to the team: “This disruptive alliance, announced ahead of a $100M token airdrop, aims to make high-powered computing accessible globally, breaking down cost and geographic barriers.”

Foundation Behind Polkadot Reveals 10M DOT ($74.5M) Prize Pool After Wood Unveils JAM

April 22: Web3 Foundation (W3F), the foundation behind the Polkadot ecosystem, has announced a 10 million DOT ($74.5 million) prize pool, “to foster diversity within the development of JAM, a protocol combining elements of both Polkadot and Ethereum,” according to the team: “Through the JAM Implementer’s Prize, W3F are seeking developers to diversify and strengthen network resilience. One of the key features of JAM is the guaranteed seamless compatibility for developers. W3F’s mission is to nurture cutting-edge applications for decentralized web software protocols.” JAM stands for “Join-Accumulate Machine,” and it provides a “global singleton permissionless object environment, much like the smart-contract environment pioneered by Ethereum, paired with secure sideband computation parallelized over a scalable node network,” according to the graypaper by Polkadot founder Gavin Wood, who was also a co-founder of Ethereum.

Gavin Wood made a presentation on JAM at Token 2049 in Dubai last week. (@mattunchi via Polkadot)

ORA’s ‘On-Chain AI Oracle’ Plans Expansion to Polygon PoS In Addition to Ethereum

April 19: ORA’s OAO (stands for On-chain AI Oracle), describing itself as “the world’s first AI oracle,” is gearing up to launch on Polygon’s PoS network, according to the team: “OAO was called more than 10,000 times in under a month on Ethereum’s Sepolia testnet. In March, OAO was launched on Ethereum mainnet. Now, developers, protocols and dApps will be able to verify and use LLM inferences on Polygon. The OAO (Onchain AI Oracle) launch onto Polygon is critical for scalability, speed and convenience. Developers and users will be able to cheaply and efficiently access verifiable inference data on-chain.”

Telos to Work With R&D Firm Ponos on Hardware-Accelerated Ethereum ZkEVM

April 19: Telos Foundation, which supports the Telos blockchain, said it will work with Ponos Technology, a zero-knowledge-proof research and development firm, to develop an end-to-end optimized, hardware-accelerated Ethereum layer 2 network featuring SNARKtor, the Telos-developed decentralized recursive proof aggregator. According to the team: “Telos will also work with several other new partners during the L2’s development cycle, including Digital M.O.B. (Ethereum dev team), ATKA (Web3 incubator) and Cometh (dev team led by ETH France President Jerome De Tychey).”

Runes DEX Secures $2 Million in Seed Investment to Pioneer AMM on Bitcoin

April 19: Runes DEX, an automated market maker (AMM) platform for runes on Bitcoin, announced the successful closure of its $2 million seed investment round. According to a press release: “This crucial funding milestone has garnered support from prominent blockchain investors including Kenetic Capital, Mechanism Capital, Auros Ventures, Future Fund and Boosty Labs. Notable industry pioneers backing this round are Pascal Gauthier, CEO of Ledger; 0xMaki, founder of SushiSwap; and AOI, founder of AOI.com.”

Safe, for ‘Smart Accounts,’ Completes Acquisition of Crypto Business Wallet Multis

April 18: Safe, a provider of blockchain smart accounts, has “welcomed the senior leadership team of Multis to the Safe Ecosystem Foundation and completed the strategic acquisition of the Multis source code,” according to the team: “Thibaut Sahaghian, former CEO of Multis, will take on the role of network abstraction lead within the Safe ecosystem. Together, the Safe and former Multis team will collaborate to solve the complexities of cross-chain interaction through network abstraction, with the goal of enabling users to manage assets across diverse blockchain networks effortlessly.” Multis offers a crypto business wallet, according to its website.

Thibaut Sahaghian, network abstraction lead, Safe (Safe)

Aethir, Decentralized Network for GPU Resources, Introduces ‘Edge’ Device Powered by Qualcomm

April 18: Aethir, a project for decentralized cloud computing, introduced the Aethir Edge device powered by Qualcomm, “a significant leap in edge computing with a decentralized infrastructure that enhances reliability by distributing capacity across peer nodes,” according to a message from the team. “Aethir Edge is the hardware component of the Aethir DePIN stack, and it is, in all aspects, a hardware device built to power the next generation of GPU cloud computing. Through Aethir Edge, we enable everyone to join Aethir’s network as a service provider who wishes to contribute their underutilized broadband, IP addresses, bandwidth, or GPU computing resources to our DePIN in exchange for 23% of $ATH token rewards,” according to a blog post published Thursday.

April 18: Nodle (NODL), a smartphone-based DePIN powering applications for authenticating media content, locating assets or proving location, announced it will be launching on zkSync Era, an Ethereum layer-2 network built around zero-knowledge (ZK) technology. According to the team: “The first initiative of Nodle’s DePIN launching on zkSync will be the deployment of its new Click camera app, the world’s first Digital Trust Network. This marks a significant advancement for Nodle by using blockchain technology for media authentication to fight misinformation leveraging the scalability and efficiency of zkSync.” Launched in 2017, Nodle was originally based on the Stellar blockchain and later moved to Polkadot.

Crypto Funding Deals in 1Q Surpassed $2B for First Time in a Year: FundStrat

April 18: Tom Couture, vice president of crypto strategy at the analysis firm FundStrat, writes in a quarterly report out Thursday: “The crypto industry saw over $2.3 billion in private funding across 367 deals, marking a significant increase in activity and the first time total funding has surpassed $2 billion since Q2 of 2023. Infrastructure remained the most popular investment category, attracting nearly $1.1 billion across 141 deals, reflecting ongoing industry efforts to enhance scalability and user experience.”

After a dip, crypto industry private funding appears to be turning back up. (FundStrat)

Ordz Games Says ‘BitBoy One’ Sold Out First 1K Units in 2 Minutes

April 18: Ordz Games said its new GameFi-meets-DePIN handheld device, “BitBoy One,” sold out its first 1,000 units in two minutes during a public sale, after launching in Paris, Hong Kong and Dubai. The device was featured in Protocol Village on April 7.

ARPA’s On-Chain Random Number Generator, Randcast, Launches on Lattice’s Redstone Testnet

April 18: ARPA Network, a secure computation network for blockchain-adapted cryptography, said its Randcast, an on-chain verifiable random number generator, has launched on the testnet for Redstone, an optimistic rollup layer-2 framework crafted by the Ethereum-focused engineering company Lattice, built on the OP Stack, according to the team: “The integration of Randcast with Redstone pushes more seamless and enriched on-chain gaming experiences. Together, this streamlines the developer experience for those crafting ambitious applications, games and worlds. Randcast’s dev-friendly Smart Contract SDK allows for the effortless integration of randomness, so with the Redstone integration it pushes the limits of what is possible to build on the EVM.”

Nym Joins Liquid Federation to Scale Bitcoin L2 Ecosystem, Deepen Partnership With Blockstream

April 18: Nym Technologies, a blockchain privacy infrastructure project, has joined the Liquid Federation to help secure and scale the Bitcoin layer-2 ecosystem to meet global demand, according to the team: “This is the first step in a deeper partnership between Nym, the Liquid Federation and Blockstream. The next step will be the integration of Liquid on the Nym mixnet, extending Liquid’s default confidentiality to also protect the patterns of transactions in transit, and enabling strong network level privacy to Bitcoin users who are using layer-2 protocols to stack sats to save on fees and for greater confidentiality.”

Matter Labs, Developer Behind ZkSync, Hires Former Coinbase Exec Murugesan as President

April 18: Matter Labs, the main developer behind the Ethereum rollup zkSync, hired Nana Murugesan, former vice president for business development and international at Coinbase, as president. At Coinbase, “he oversaw global business development and partnerships, international operations, and asset listings,” according to a press release. “Prior to his time at Coinbase, he served as Managing Director at Snap Inc., where he led Snapchat’s global expansion and strategic partnerships.”

Nana Murugesan (Matter Labs)

Nibiru Blockchain Launches $15M Program ‘to Prevent a Potential Talent Drain’

April 18: Nibiru, a new blockchain backed by Tribe Capital and led by ex-Google, IBM, and JP Morgan execs, is “launching a $15M program, aiming to prevent a potential talent drain amid the crypto market recovery. The initiative, includes a $5M allocation for Asia, will offer financial incentives and funding to developers driving the adoption of a new L1. The goal is to keep talent building in the Web3 space as the industry struggles to retain skilled developers tempted by opportunities in other sectors.”

Aptos Strikes DeFi Partnership With Microsoft, Brevan Howard, SK Telecom

April 18: Aptos Labs, the developers behind the Aptos layer-1 blockchain, said it is collaborating with Microsoft, Brevan Howard and South Korean wireless telecommunications operator SK Telecom to offer institutions a gateway into decentralized finance. The partnership will offer Aptos Ascend, a suite of end-to-end institutional solutions like regulatory requirement help, tools to maintain account and transaction privacy and embedded features for know-your-customer (KYC) checks. (APT)

P2P.org Infrastructure to Power Asia-Focused Digital-Asset Platform Matrixport’s Staking Product

April 18: P2P.org, a provider of non-custodial staking services for professional investors, introduced “restaking with DVT on staking infrastructure SSV Network, recently surpassing 500,000 ETH staked. The new offering leverages EigenLayer technology to provide institutional clients a secure, decentralized staking option. With an APR exceeding 5.6%, it taps into Ethereum and layer-2 chains, endorsed by flagship client crypto financial services platform Matrixport.”

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