Ithaca raises $20 million for its L2 project.
Proposal to optimize for blob target increase.
Dune will support data for World Chain.
Base refreshes its website.
Ethereum community member Francis Li has shared a proposal to increase the blob target to 5 and the maximum blob count to 8 on Ethereum, with a focus on ensuring that local block builders have adequate upload bandwidth to support the increase. The proposal suggests three key optimizations to achieve this goal.
The first is the implementation of engine_getBlobsV1, an extension to the execution APIs that enables nodes to directly retrieve blobs from the execution layer, minimizing reliance on the Consensus Layer for data distribution and reducing upload bandwidth requirements. The second recommendation is to disable flood publishing, which would reduce the need to broadcast data to every peer.
Lastly, the proposal suggests adopting the IDONTWANT protocol, a feature of the libp2p networking stack that allows nodes to signal to their peers not to resend specific messages, thus cutting down on redundant network traffic. According to the proposal, the optimizations make the increase to a 5 target / 8 max blob configuration feasible.
Ithaca, a new spin-off project from Paradigm, raised $20 million to build a crypto technology stack that includes its own Layer 2 network built on the OP Stack, developed with Reth and Conduit. Coined as Odyssey, the L2 network is now live on the Sepolia testnet and supports features like EOF, EIP-7702, EIP-2537, and RIP-7212. Georgios Konstantopoulos, Paradigm's CTO, will lead Ithaca as CEO. Contributors and maintainers of open-source projects like Reth and Foundry are also part of the Ithaca team. Ithaca aims to accelerate crypto adoption by focusing on smart wallet development, including chain and bridging abstraction features.
Dune Analytics, a platform for querying blockchain data using SQL, announced plans to support World Chain, an identity-focused L2 network built on the OP Stack. Support will go live once World Chain goes live mainnet. Dune will provide tools for creating visualizations and analyzing onchain identity data specific to World Chain. World Chain will power the Worldcoin protocol, which currently operates on OP mainnet. The network will give priority block space to wallet addresses that are verified through World ID's Proof of Personhood credentials, aiming to reduce spam and bot activity. Nearly 7 million users have verified their World ID with a Worldcoin Orb.
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