Subscribe to ETH Daily
>3.7K subscribers
Superchain members Mode Network, Zora, and Metal L2, have transferred their upgrade keys to the Optimism Security Council. The move advances the chains toward Stage 1 rollup decentralization, which is achieved once they have a functional proof scheme and a multi-sig override mechanism, such as the Security Council. The Optimism Security Council, composed of 13 members, oversees the management of upgrade keys for OP Stack chains within the Superchain. A quorum of approximately 75% of member signatures is required to execute emergency protocol upgrades. OP Mainnet has already reached Stage 1 rollup decentralization and is now progressing toward Stage 2. Base aims to activate fault proofs by the end of the year.
Interchain messaging protocol Hyperlane introduced the Hyperlane Foundation and its native protocol token, HYPE. The foundation's mission is to oversee and expand the Hyperlane network. The HYPE token aims to promote a developer-owned network, aligning the interests of users and developers. The Hyperlane Foundation will establish the Hyperlane Alliance, a group responsible for representing user interests and managing a grants program that rewards significant contributions to the protocol. Hyperlane aims to tackle the fragmentation and security challenges of bridging between rollups by facilitating seamless cross-chain arbitrary messages and contract calls.
Nouns, a generative NFT project that auctions a new NFT every 24 hours, has reached its third anniversary since launching on August 8, 2021. The project has auctioned over 1,000 NFTs, with all proceeds directed into the NounsDAO treasury, which currently holds nearly 5,000 ETH. Each Nouns NFT holder has voting rights on DAO proposals. The Nouns NFTs are in the public domain under a no-copyright reserved license, enabling anyone to create and sell derivatives.
Superchain members Mode Network, Zora, and Metal L2, have transferred their upgrade keys to the Optimism Security Council. The move advances the chains toward Stage 1 rollup decentralization, which is achieved once they have a functional proof scheme and a multi-sig override mechanism, such as the Security Council. The Optimism Security Council, composed of 13 members, oversees the management of upgrade keys for OP Stack chains within the Superchain. A quorum of approximately 75% of member signatures is required to execute emergency protocol upgrades. OP Mainnet has already reached Stage 1 rollup decentralization and is now progressing toward Stage 2. Base aims to activate fault proofs by the end of the year.
Interchain messaging protocol Hyperlane introduced the Hyperlane Foundation and its native protocol token, HYPE. The foundation's mission is to oversee and expand the Hyperlane network. The HYPE token aims to promote a developer-owned network, aligning the interests of users and developers. The Hyperlane Foundation will establish the Hyperlane Alliance, a group responsible for representing user interests and managing a grants program that rewards significant contributions to the protocol. Hyperlane aims to tackle the fragmentation and security challenges of bridging between rollups by facilitating seamless cross-chain arbitrary messages and contract calls.
Nouns, a generative NFT project that auctions a new NFT every 24 hours, has reached its third anniversary since launching on August 8, 2021. The project has auctioned over 1,000 NFTs, with all proceeds directed into the NounsDAO treasury, which currently holds nearly 5,000 ETH. Each Nouns NFT holder has voting rights on DAO proposals. The Nouns NFTs are in the public domain under a no-copyright reserved license, enabling anyone to create and sell derivatives.
No comments yet