ChainCatcher news, on the evening of January 19, the Web3 Chill Night party organized by Gear Foundation in collaboration with the developer community OpenBuild, Avalanche, Kite AI, and Dolphin successfully concluded in Shenzhen. This event brought together local VCs, developers, and project parties from Shenzhen, further deepening the cooperation and connection within the Chinese-speaking Web3 ecosystem.At the event, participants discussed innovative technologies and development trends in the blockchain industry and engaged in in-depth discussions about future collaboration opportunities. Gear Foundation also took this opportunity to introduce its L1 blockchain Vara Network, set to launch in 2023, and further shared Gear.exe, a technology to provide bridge-free, high-performance smart contract computing for Ethereum, which aims to address the asset fragmentation issues caused by current L2 solutions and support developers in creating faster and more scalable dApps.The Web3 Chill Night party provided attendees with a comfortable social environment and promoted cooperation and development among Chinese-speaking Web3 projects, laying the foundation for more innovation and collaboration in the future.

ChainCatcher news, Layer1 project Gear Foundation and developer community OpenBuild will jointly host the Web3 Chill Night party with Avalanche, Kite AI, and Dolphin on January 19 from 19:00 to 22:00 in Shenzhen. The event aims to deeply connect domestic and international VCs, developers, and project parties.In addition, there will be food and drinks on site, along with project-related gifts and a lottery session.It is reported that Gear Foundation launched the L1 blockchain Vara Network in 2023. In 2024, it released a new product Gear.exe, providing high-performance, bridge-free smart contract computation for Ethereum, supporting unlimited parallel execution, helping developers build fast and scalable dApps, aiming to solve the asset fragmentation problem caused by the current L2.