Protocol Village: SEDA, Data and Computation Network, Launches Mainnet Genesis

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April 25: SEDA, a data transmission and computation network that enables a permissionless environment for developers to deploy data feeds, announced the launch of its mainnet genesis event. According to the team: “By mitigating native deployments via a modular and chain-agnostic design, SEDA is building to offer complete developer flexibility with chain-agnostic integrations alongside completely programmable data feeds, enabling a ‘permissionless optionality’ that promotes Web3’s ethos for builders. Mainnet will see the deployment of SEDA’s solvers, an overlay network offering one-click node spinups for community and bespoke mechanics for network OEV capture and value redeployment back into the hands of network participants.”

Soarchain, Layer-1 DePIN for Mobility, Allows Vehicle Data Upload, for Things Like ‘Smart Insurance’

April 25: Soarchain, a layer-1 DePIN built for mobility and data exchange, is bringing mobility data on-chain with their mainnet vehicle data network, according to the team: “Users can now seamlessly upload their vehicle data in real-time and convert their vehicles into connected, data-rich platforms from which they can extract real-world value. Vehicle data can serve as a foundation for applications like smart insurance, maintenance monitoring, and safety enhancements. Soarchain is also collaborating with Maruti and Suzuki to demonstrate the practical applications of their technology with real-world automotive scenarios.”

Movement Labs Raises $38M for Rollup Based on Facebook’s Move Language

April 25: Movement Labs, a blockchain company that aims to bring Facebook’s Move Virtual Machine to Ethereum, has secured $38 million in a Series A financing round led by Polychain Capital. The firm was founded by Rushi Manche, 21, and Cooper Scanlon, 24 – Vanderbilt college dropouts who say they are on a mission to “make blockchain security sexy” with the launch of Movement L2, their new layer-2 Ethereum blockchain based on the Move programming paradigm.

EigenLayer-Powered Aligned Layer Raises $20M to Make ZK Proofs Faster, Cheaper on Ethereum

April 25: Ethereum verification protocol Aligned Layer has raised a $20 million Series A to enable faster and cheaper zero-knowledge (ZK) proofs on the world’s second-biggest blockchain. The fundraiser was led by Hack VC and included contributions from DAO5, L2Iterative, NomadCapital_io, FinalityCap, Symbolic VC and Theta Capital. Aligned Layer is an EigenLayer “actively validated service” (AVS).

Avail Data Availability Integrated by Arbitrum, Optimism, Polygon, StarkWare, ZkSync

April 25: Avail, a blockchain project known for data availability (DA), shared Thursday that five major layer-2 networks in the Ethereum ecosystem will integrate with its Avail DA solution. Those chains include Arbitrum, Optimism, Polygon, StarkWare and zkSync.

Nym’s Layer-0 Mixnet to Pair With Aleo’s Zero-Knowledge Privacy-Focused Blockchain Platform

April 25: Nym Technologies is partnering with Aleo, a prominent privacy-focused blockchain platform, according to the team: “The partnership harnesses the power of Aleo’s zero-knowledge Layer-1 blockchain with Nym’s layer-0 mixnet protocol. Through integration with Nym’s mixnet and NymVPN’s decentralized privacy solutions, users will enjoy enhanced privacy and security across TCP/IP and on-chain transactions, ensuring robust protection for their online interactions. Leo Wallet’s intuitive user interface will seamlessly connect users with the Nym mixnet, streamlining the integration of the Aleo blockchain and Nym’s mixnet.”

ZetaChain Launches 100M ZETA ($120M) Developer and Dapp Ecosystem Program

April 25: ZetaChain, describing itself as the “first Omnichain blockchain for chain abstraction” has launched a 100 million ZETA ($120M) developer and dapp ecosystem growth program, with 25 million ZETA specifically allocated for Bitcoin projects, according to the team: “The program aims to support impactful projects focusing on Bitcoin-based DeFi, gaming, and socialfi dapps, offering grants, incentives, and support programs to accelerate their development on the ZetaChain blockchain.”

BNB Chain Integrates Native Liquid Staking on BSC Following Beacon Chain Sunset

April 25: BNB Chain is integrating native liquid staking on BSC following the Beacon Chain sunset, according to the team. The move will enable “high-APY native staking on BSC in addition to enhanced MEV rewards. Liquid staking on BNB Chain will allow participants to secure the network while maintaining liquidity of their assets. Users can engage in DeFi activities without sacrificing asset utility. The LSDFi integration is scheduled to take place between April and early May.”

Protocol Village is a regular feature of The Protocol, our weekly newsletter exploring the tech behind crypto, one block at a time. Sign up here to get it in your inbox every Wednesday. Project teams can submit updates here. For previous versions of Protocol Village, please go here. Also please check out our weekly The Protocol podcast.

Edited by Bradley Keoun.