The wave of projects joining the zkEVM revolution on zkSync isn’t slowing down, here are some exciting updates on the fast-growing ecosystem. On-chain gaming project Tevaera shared details on their 2.0 gaming ecosystem, built natively on zkSync. Transparent and safe lending protocol NexonFi announced that their public testnet is now live on zkSync. RaisePay wallet testnet is coming soon to zkSync, and raise_fi shared their first live demo of how native zkSync 2.0 features like Account Abstraction will create a seamless experience for end-users. Institutional-grade structured derivatives ecosystem derivio_xyz outlined their approach to DeFi and creating fully decentralized, market-neutral liquidity on zkSync.
Matter Labs, creator of the ZKSYNC project, strongly believe that increasing personal freedom is the most effective way for crypto to drive positive change at a global scale. zkSync was built to make that dream a reality; by making Ethereum both scalable and accessible, enabling self-sovereignty at a mass scale.
“Our long-term mission is to make self-sovereign participation in the digital economy — i.e. maintaining true control over one’s digital assets — affordable for anyone in the world.” Alex Gluchowski, Co-Founder and CEO, Matter Labs.
To realize this vision, web3 must focus on the features that will secure crypto’s long-term future; decentralization, security, and scalability. The events of the past few months have demonstrated more than ever the need to uphold these values for the long-term stability and resilience of our industry, both in finance and beyond. It also needs innovative projects that leverage these features to find new ways to break down barriers in our global institutions, structures, and geographies. We firmly believe that cryptography and blockchain are essential technologies for protecting and fostering freedom globally; this is how we bring that dream to the masses.
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That’s why we’re excited to announce that we’ll be collaborating with Gitcoin to bring the scalability and security of zkSync’s zkEVM to their grants program. Soon, many of Gitcoin’s grants rounds will be integrated with zkSync, ensuring leading web3 projects can fund what matters to them with novel financing models like Quadratic Funding. We recognize that the strength of zkSync’s protocol is largely due to the amazing projects building in our ecosystem, and project’s like Gitcoin are essential in encouraging our community to grow and continue to create public goods; in turn realizing the potential of web3 for more people, in more verticals, with innovative solutions to give power back to users, creators, and developers worldwide.
Gitcoin creates solutions that empower communities to fund, build, and protect what matters. Through our Gitcoin Grants Program, we’ve distributed over $38m to early stage builders championing projects across DeFi, climate, open source and beyond. Our core products include the Gitcoin Grants Stack, our end-to-end grants solution, Allo Protocol, our open-source funding protocol, and Gitcoin Passport, our decentralized identity management protocol.
Gitcoin has helped thousands of projects and teams grow their open-source ecosystems. The internet has unlocked unprecedented opportunities for collaboration and creation. Now web3 technology like open source protocols and decentralized blockchains give us the ability to take co-creation to a new scale. The Gitcoin ecosystem uses this technology to fund and build digital public goods that serve everyone, and solve our most immediate problems.
Our collaboration with zkSync has been an incredible solution in removing friction when funding Public Goods. As we launch and scale our new funding allocation protocol — Allo Protocol — we are excited to renew our collaboration to establish an always-on and continual funding model of public goods. zkSync’s commitment to continually fund public goods is a north star for those who believe in regenerative crypto economics.
Gitcoin is also looking forward to supporting the decentralization of the zkSync network and operation when the time is right. We believe that Layer2’s are a critical part of our Ethereum infrastructure that are necessary to continue furthering both our decentralization and our goal of onboarding millions of users to the technology that EVM chains enable.
“Our collaboration with zkSync has been immensely valuable to our users, and for our ability to grow the funding of public goods. Scalable, secure rollups that reduce gas fees have been an immense unlock to the Gitcoin Grants Program and the number of supporters who contribute to our grants rounds.” Kyle Weiss, Co-Founder, Gitcoin Foundation.