ChainCatcher news, Gravity announced that during the launch process of its Layer-1 blockchain, it will upgrade from LayerZero to Chainlink CCIP as its standardized cross-chain infrastructure. This enhances the security and programmability of Gravity.Key update highlights are as follows:The native token of Gravity, G, will become a cross-chain native asset (CCT), providing developers with self-service deployment, zero slippage transfers, and greater programmability, while maintaining the high security standards of CCIP.Chainlink CCIP, relying on its decentralized oracle network, will greatly enhance the ability of Gravity network developers to build secure cross-chain applications.CCIP supports programmable cross-chain messaging and token transfers, providing developers with the necessary tools to build cross-chain applications.

ChainCatcher news, according to the official announcement from Beam, with the approval of the Avalanche community proposal ACP-77, the Etna upgrade will be implemented soon, affecting all subnets, including the Beam Network.After this upgrade, Beam Network will officially be referred to as a Layer 1 blockchain network, as it will free itself from more restrictions of the Avalanche network while still enjoying its infrastructure.

ChainCatcher news, according to The Block, the Web3 notification protocol Push Protocol announced plans to launch the Layer 1 blockchain Push Chain. The main features of this chain include wallet and gas fee abstraction, sharding, and sub-second transaction finality. The initial testnet for Push Chain is planned to be released in phases in mid-January 2025, with the mainnet to be launched later that year.

ChainCatcher news, Arthur Hayes stated in a podcast, "I will pay attention to meme coins, new Layer 1 blockchains, Layer 2 projects, NFTs, and the gaming sector, etc. Everyone knows that you can make quick money in a bull market, but the key is how to preserve those gains. If you earn some money that can change your life, then take out a portion to cash out."

ChainCatcher news, according to The Block, sources revealed that the Ethereum-compatible Layer 1 blockchain Monad has begun a phased rollout of its testnet. Crypto trader Jordan Fish (also known as Cobie) wrote on the X platform: "I made a trade, it was very fast." Cobie later confirmed that his post was about the Monad testnet. Previously, Monad launched its development network in March, achieving 10,000 transactions per second in internal testing.

ChainCatcher news, the community members of Vega Protocol have voted to shut down its existing Layer 1 blockchain and cease related tokens.Vega Protocol co-founder Barney Mannerings stated: "The team pointed out that the governance decision to shut down the network is because the current form of the network is not very attractive, as it is a specific application blockchain (app chain) focused on derivatives trading. While we are proud of the software we have built, this chain and token have not generated interest and growth that would make them sustainable and allow the project to continue in its current form."

ChainCatcher news, according to The Block, the Router Protocol supported by Coinbase has launched the Layer 1 blockchain Router Chain.It is reported that the chain is based on a proof-of-stake consensus using the Tendermint framework, aiming to aggregate liquidity and facilitate cross-chain interactions through a cross-chain intent framework.

ChainCatcher news, according to official sources, Gamestarter announced a strategic partnership with Ava Labs to jointly launch GameChain, a game-focused Layer 1 blockchain supported by Avalanche on the Avalanche network.

ChainCatcher news, the Fantom Foundation has announced the details of the new blockchain network Sonic Network. Sonic will be a brand new Layer 1 blockchain and will connect to Ethereum through a native cross-chain bridge. According to the results of the governance vote, existing FTM token holders will be able to migrate to Sonic's native token S at a 1:1 ratio at the genesis of Sonic.With advanced bridging architecture, Sonic will provide significantly better performance for users and dApp developers compared to the existing Opera network. At the same time, the Fantom operating company has committed to continuously providing validator support for Opera. The Fantom Foundation will also allocate hundreds of millions of FTM from its treasury to support the development of the Sonic ecosystem, including marketing, business development, and migration grants. The foundation will soon initiate a series of governance votes to ensure community support for the transformation plan and to collectively shape the future of the Sonic network.Additionally, Fantom Sonic is the next generation of the Fantom network, set to replace the previous Fantom Opera, which can be understood as Fantom 2.0. Fantom Opera includes a new client, validator side, virtual machine (FVM), Carmen database, and an optimized Lachesis consensus mechanism, which will significantly enhance the execution efficiency of the original Fantom.

ChainCatcher news, according to The Block, Web3 infrastructure provider Ankr's AI-focused Layer 1 blockchain Neura has launched its public testnet.It is reported that Ankr Network's ANKR token will serve as Neura's native cryptocurrency, with the mainnet expected to launch later this year.

ChainCatcher news, according to Fortune magazine, Layer 1 blockchain Monad Labs has completed a $225 million financing round, led by Paradigm, with other investors including Electric Capital, Castle Island Ventures, Greenoaks, eGirl Capital, Amber Group, Animoca Ventures, Archetype, Bankless Ventures, Big Brain Holdings, Bodhi Ventures, Breed, Caladan, CMS Holdings, Coinbase Ventures, CoinFund, DBA, Figment Capital, Flow Traders, Galaxy, GSR Ventures, Hailstone Labs, Hermeneutic Investments, HTX Ventures, IOSG Ventures, Makers Fund, Manifold Trading, Merit Circle, Mirana Ventures, Nascent, Presto Labs, Rebirth Ventures, Robot Ventures, SevenX Ventures, Superscrypt, Wintermute Ventures, and others.Angel investors include Inversebrah, Ansem, Hsaka, punk6529, Saquon Barkley, Eric Wall, Rune Christensen, Bryan Pellegrino, Robinson Burkey, Luca Netz, Mert Mumtaz, Shoku, and others.This will be the largest financing in the cryptocurrency space so far in 2024. Monad founder Keone Hon stated that Monad's innovation comes from rebuilding the Ethereum blockchain from the ground up—maintaining the ability to execute smart contracts while completing transactions at a faster speed, higher capacity, and lower cost. Unlike many new blockchains, Monad will fully support EVM.According to the RootData page, Monad is building a high-performance Layer 1 blockchain for the next generation of decentralized applications, with the mission of accelerating the disruptive power of decentralization by building a blockchain that is 100 to 1000 times faster than its closest competitors, alleviating the severe bottlenecks of existing blockchains, and enabling more complex applications and broader adoption.

ChainCatcher news, the Layer 1 blockchain Nibiru announces a community public offering on CoinList. This sale is reported to be CoinList's third community public offering this year, starting at 18:00 UTC on February 1, 2024, with a public option. The public offering has a supply of 60,000,000 NIBI tokens; the price is $0.05, with a lock-up and release schedule that unlocks 10% around February 26, 2024, followed by linear release over the next 12 months; the initial purchase limit is a minimum of $50 and a maximum of $2,000 (only for USDT/USDC).It is reported that Nibiru is a Layer 1 blockchain and financial center that unifies leveraged derivatives trading, spot trading, staking, and joint curve liquidity provision into a seamless user experience, allowing users from over 40 blockchains to engage in leveraged trading using a set of composable decentralized applications.

ChainCatcher news, according to The Block, the developers of the Layer 1 network Initia announced today that they have received pre-seed investment from Binance Labs, with specific funding amounts and more details not yet disclosed.It is reported that Initia is developed using the Cosmos Software Development Kit (SDK), but it will utilize a computing framework called MoveVM based on the Move smart contract language.

ChainCatcher news, Layer 1 blockchain Polymesh announces Binance as its latest node operator. Binance will start producing blocks this weekend alongside 17 other node operators, while Binance will also add staking features for POLYX holders.Polymesh is an institutional-grade blockchain specifically designed for regulated assets such as security tokens. (source link)

ChainCatcher news, the cross-chain infrastructure project Router Protocol will launch Router Chain, a Layer 1 blockchain developed based on the Cosmos SDK, aimed at solving cross-chain communication issues.According to reports, Priyeshu Garg, co-founder of Router Protocol, stated that DApps can be built directly on Router Chain and have interoperability with each other. (source link)

ChainCatcher news, the Web3 Foundation supporting the Polkadot protocol stated on social media that the native token DOT is "coordinating software" rather than a "security product." The foundation also emphasized its commitment to comply with U.S. securities laws and the guidance from the U.S. Securities and Exchange Commission regarding digital assets, as well as addressing the complete vision for token transformation, and will take measures to manage the distribution of DOT tokens to ensure that the network is not controlled by a small number of entities.In addition, the Web3 Foundation stated that Polkadot will not compete with Layer 1 blockchains such as Ethereum and Bitcoin. As of now, the number of projects and teams in the Polkadot ecosystem has exceeded 550. (Source link)