ChainCatcher news, according to The Block, the programmable privacy and scalability solution Ola has completed a $3 million seed funding round, led by Web3.com Ventures and Foresight Ventures, with participation from Token Metrics Ventures, J17 Capital, Skyland Ventures, LD Capital, and CatcherVC.It is reported that Ola plans to launch its Beta testnet in the third quarter and release a public testnet by the end of 2023. (Source link)

ChainCatcher news, the ERC-6327 proposal submitted by the smart contract wallet startup ZKSAFE has officially entered the Draft stage. This proposal aims to provide a cryptographic signature standard beyond private keys for Ethereum, introducing a new signature algorithm called Elastic Signature (ES). ES signatures allow for signing on-chain data using human-friendly passwords, support changing passwords at any time, and are completely decentralized with no server nodes. The proposal defines a smart contract interface for verifying and authorizing ES operations. Using ES signatures in conjunction with private key signatures in AA wallets can enhance asset security, and ES can also be used independently without a private key, lowering the barrier for users to enter Web3. Due to its decentralized nature and the establishment of the ERC standard, ES has the potential to be the next hotspot for MPC and AA wallets.Previously, ZKSAFE announced that it had secured seed round funding co-led by Aperture Digital and NGC Ventures, with follow-on investments from Catcher VC, ByteTrade, and Betterverse DAO. It won first place at the BNBChain hackathon. (Source link)