Lumoz Set to Launch Its Own Network in December 2023
Date: 2023-11-24 Author: Dima Zakharov Categories: CRYPTO PAYMENTS
Advancements in ZK-RaaS
Lumoz, the brains behind ZK-RaaS, expressed their desire to revolutionize the blockchain industry with their upcoming launch of StableNet in December. According to the team, this advanced zkEVM based on Ethereum will introduce several innovative features, including USDC stability, cross-linking, and a decentralized verification network.
Noteworthy Developments in Crypto Protocols
CoinDesk researchers highlighted several significant announcements from crypto protocol developers. Vega Protocol, for instance, will introduce the "Cosmic Elevator," providing access to derivative markets. This L2 application chain and decentralized derivatives platform will facilitate the seamless launch of perpetual futures trading markets on its platform.
Innovations by Vega Protocol
The recent Vega software update, named Cosmic Elevator, following community approval, enables the creation of new derivative markets on any underlying crypto asset. Moreover, individuals can utilize Ethereum smart contracts as price oracles.
Sponsorship and Support for Startups
In their role as sponsors in the Alibaba Cloud Innovation Accelerator program, the Aptos Foundation pledges resources and support to promising startups. Leaders of the Aptos Foundation announced an imminent joint program with Alibaba Cloud, aiming to move the developer community into Asia. Additionally, the collaboration plans a series of hackathons and regional events to expand the opportunities for the Asia-Pacific Web3 community.
