Latest news with #L2
Business Insider
7 days ago
- Business
- Business Insider
Status Unveils First Gasless L2 on Linea With 100% Community Yield Allocation Mechanism
The new Status L2 rewrites rollup economics by replacing sequencer fees with native yield and native app revenues, unlocking friction-free onboarding for games, social apps and DeFi. Status (SNT), a pioneer in decentralised communication since 2017, has launched the world's first natively gasless Layer 2 on testnet, built on Consensys' Linea stack, the leading high-performance zkEVM rollup. This marks a major milestone for Ethereum scalability and sustainability as Status Network introduces a radically different revenue model: eliminating transaction fees entirely while funding builders and liquidity providers through bridged yield and native app fees. Users can follow Status for updates: As transaction costs across L2s are currently trending towards zero, Status Network breaks from sequencer fee dependence and instead earns revenue from yield-bearing bridged assets and native application activity. 'We designed Status Network so developers can ship games, seamless social experiences, and DeFi protocols without forcing users to preload gas or builders to manage paymaster contracts,' said Cyprien Grau, Lead at Status Network. 'By rehypothecating yield-bearing TVL and sharing every cent of net yield with the community, we're aligning incentives for all L2 stakeholders: builders get funding, LPs get sustainable returns, and users get a true free-to-play blockchain.' Status Network carries forward the founding principles of the original Status app: privacy, sovereignty, and open access. It's designed as a seamless, high-performance platform where communities can exchange, build, and govern freely. Users can learn more about Status Network: A Business Model Built for the Next Decade Yield, not gas: Bridged ETH and stablecoins are converted into yield-bearing equivalents (e.g., stETH, sDAI). The protocol captures that yield along with fees from native apps rather than relying on sequencer revenues. Sustainable flywheel: Gasless UX and organic yield attract more users, deposits, and app usage, generating a higher native L2 yield, attracting yet more users. And, pending governance approval, part of that native yield can be used to fuel SNT buy-backs and burns, further aligning the Status community with the success of the network. The ongoing development of Status L2 follows the vision laid out in the original Status whitepaper and was initiated through a community vote by SNT holders, alongside the SNT staking initiative. Through its built-in public funding pool, Status Network will fund open-source protocols and public goods building on Ethereum. As Linea's first external collaborator, Status is co-developing the bridged yield feature, which will soon be available to all Linea-based L2s, further contributing to the zkEVM stack's long-term sustainability. Status will also play a crucial role in both the Linea and broader Ethereum ecosystems; further details will be disclosed soon. 'We're proud to see Status Network launch the first gasless Layer 2 powered by the Linea zkEVM technology stack,' said Declan Fox, Head of Linea. 'We aim to build better economics and governance, in alignment with Ethereum's core values. Status supports builders and public goods while providing free transactions at scale - exactly the kind of mission-driven approach we aim to empower. With the Linea stack's high throughput, low latency, and fast finality, we're enabling the performance needed for apps to grow, thrive, and get funded, whilst anchoring into the same root of trust: Ethereum.' Built for Games, Social & DeFi - With Better Privacy With fees replaced by native yield, users can interact with apps without needing to bridge tokens or top up gas, creating a frictionless experience. Games can finally deliver true free-to-play mechanics and support non-financial onchain actions without maintaining gas-sponsoring infrastructure. Social apps benefit from streamlined user onboarding and Web2-like UX, and DeFi protocols tap into yield-boosted liquidity from day one. Early builders include mobile fishing RPG Cats Fishing, free onchain gacha PonziHero from Spla Labs, and metaverse casino Hash Vegas. Native DeFi apps will be announced in the coming weeks. As anyone can get started without a wallet balance or history, gasless transactions strongly enhance account anonymity, enabling better privacy for transfers and applications. Availability & Roadmap Status Network's public testnet v1 is now live with fully gasless transactions. Testnet v2, featuring RLN-based spam protection and native yield routing, launches in October 2025, alongside a pre-deposit campaign to kickstart the bridged yield. Mainnet launch is targeted for Q1 2026. Developers can start building today at Status Network is the first Ethereum L2 with gas-free transactions at scale. Funded by native yield and app fees, it redistributes 100% of net revenues to its community, powering sustainable liquidity incentives, a public funding pool, and SNT buy-backs. Built on the Linea zkEVM stack, it enables frictionless onboarding for games, social apps, and DeFi while remaining fully aligned with Ethereum security and values. Contact Public Relations
News18
07-07-2025
- General
- News18
Mumbai Metro Services Disrupted Due To Technical Snag, Commuters Share Video Amid Huge Rush
Last Updated: Videos going viral online show huge rush on metro stations as commuters wait for trains due to the heavy rush. Mumbai Metro witnessed a huge rush on Monday, with several videos circulating online by the commuters claiming disruption. The rush was due to delayed metro operation on the blue line due to a technical glitch. Commuters took to X and shared about the inconvenience. 'Crazy commuter woes thanks to 1 service withdrawn, tech issues with mumbai metro line 1 Stampede like situation in ghatkopar station @Dev_Fadnavis @CMOMaharashtra act fast before lives are lost Line 1 needs 6 bogie rakes & 3 times current rakes," an X user wrote. Another user wrote,"And if you tell your boss that travelling is not possible, allow WFH, he will not allow that and also take it up in the year-end reviews." Crazy commuter woes thanks to 1 service withdrawn tech issues with mumbai metro line 1 Stampede like situation in ghatkopar station @Dev_Fadnavis @CMOMaharashtra act fast before lives are lost Line 1 needs 6 bogie rakes & 3 times current rakes @MandarSawant184 @BHiren @impuni … — ANDHERI LOKHANDWALA OSHIWARA CITIZEN'S ASSOCIATION (@AndheriLOCA) July 7, 2025 'Rail saga continues for #mumbai – kars, whether it's regular line or Metro where lakhs travel daily. Difficult to fathom, why is the globally recognised City sidelined & given lower priority, when it comes to essential & quality civic facilities & services!" another user said. 'This has been happening for years now. Why does this get ignored by the authorities? Metro 1 is now like our Local train. Why can't they learn from L2, L7, which are so well maintained in all respects," said a third. A fourth user said,"It seems before boarding the station, commuters should be given crowd management defence training." First Published: July 07, 2025, 13:48 IST
Pink Villa
25-06-2025
- Entertainment
- Pink Villa
MMMN Update: Mohanlal reveals title of his upcoming mega-budget film with Mammootty and Nayanthara
Mohanlal will be making his much-awaited reunion with decade-old friend and colleague Mammootty in an upcoming film directed by Mahesh Narayanan. This project has also grabbed a lot of attention for its star-studded cast, including names such as Nayanthara, Fahadh Faasil, Kunchacko Boban and more. While the film has been acronymed as MMMN until recently, the Thudarum star finally confirmed its real title only recently. Mohanlal reveals title of MMMN As per Mathrubhumi, Mohanlal, during an interaction with the Sri Lankan media outlet, recently confirmed the title of MMMN. For the unversed, the actor recently visited the place ahead of beginning the schedule of Mahesh Narayanan's film. In his recent revelation, the actor revealed that the name of the project is Patriot and it would be a big project in terms of its stellar star cast. He said, 'We are doing a very big film. Big film in the sense of the star cast. The name of the movie is called Patriot.' More about MMMN MMMN has been a project under much attention as it is one of the most ambitious productions in Mollywood so far. While its star cast featuring some of the biggest names from the industry is one reason, fans are also ecstatic to witness Mohanlal and Mammootty reunite on-screen after a huge gap of almost 16 years. Mohanlal's work front Coming back to Mohanlal, the actor has already delivered two smashing hits, one after the other, with L2: Empuraan and Thudarum. Both of them were high openers at the Mollywood box office. Besides his multi-starrer film with Mahesh Narayanan, the actor is now in the news for announcing the time of release of his passion project, Drishyam 3. Well, Lalettan would be returning as Georgekutty in the popular crime drama film for the third instalment, which is expected to go on floors sometime in October 2025.
Yahoo
11-06-2025
- Business
- Yahoo
Exclusive: Metis CEO Tom Ngo unveils AI-native L2 infrastructure, names two key narratives
Exclusive: Metis CEO Tom Ngo unveils AI-native L2 infrastructure, names two key narratives originally appeared on TheStreet. Metis, one of Ethereum's earliest Layer 2 (L2) scaling solutions, is shifting its focus from pure scaling to enabling AI-native infrastructure, says CEO Tom Ngo. In a sit-down with TheStreet Roundtable host Malak Albaw, Ngo discussed how Metis has evolved from problem-solving in scaling to delivering real-world utility at the intersection of blockchain and AI. Reflecting on Metis's origins, Ngo noted, 'We were one of the first L2 to scale out Ethereum. We've seen so many challenges in the industry… and right now, AI is the biggest convergence for our industry." He stressed that blockchain's role in AI—especially in verifying and aligning data—is becoming central to their mission. 'So we're getting ready to launch Hyperion, a high‑speed instant L2 to really support the data AI sector,' Ngo revealed. Designed to handle both transaction throughput and data processing, Hyperion is Metis's answer to the raw data demands of machine learning and large-language models. Echoing the industry's focus on data integrity, Ngo compared the need to validate AI inputs with how we verify news: 'How do you validate truth?… Without the right data and without the correct models, AI is pretty inefficient.' He explained Metis is incubating a project called LAAS AI (Ledger-as-a-Service AI), aiming to solve the 'data alignment problem.' Blockchain, Ngo says, enables tracking the origin, purpose, and evolution of data—creating a trustless, transparent record of who contributed what. 'We can track where the data source is coming from… the truth of an origin… validated by its purpose.' Regarding broader Web3 adoption, Ngo identified user growth as the core challenge: 'The blockchain industry… is struggling to bring in new users and finding new use case… the economic system isn't built to sustain it.' He positions blockchain + AI as a powerful economic incentive: contributors to AI models can be rewarded via tokenised incentives, creating lasting utility-driven ecosystems. Exclusive: Metis CEO Tom Ngo unveils AI-native L2 infrastructure, names two key narratives first appeared on TheStreet on Jun 10, 2025 This story was originally reported by TheStreet on Jun 10, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Pink Villa
21-05-2025
- Entertainment
- Pink Villa
Mohanlal turns 65: Thudarum star drops BIG update on his biography titled Mukharagam
Mohanlal celebrates his 65th birthday today, on May 21, 2025. The actor who commands worldwide fame recently elated his fanbase when he announced a major update of his impending biography. Taking to X, the actor dropped a video message where he shared an update of his biography, which has been in the making since 2019. Mohanlal expressed his gratitude to the writer Bhanu Prakash and revealed that the book will be out on December 25, 2025. Check out the post here: A part of Mohanlal's message could be heard saying, 'Dearly beloved, I wish to share with you great happiness on my birthday. My life story, written by Bhanu Prakash, has been published in Mathrubhumi Books. Malayalam's favorite writer, MT Vasudevan Nair, had written the title.' He further added, 'This book covers various aspects of my life that has continued for 47 years. These are the efforts of Bhanu Prakash to write and translate my life into words. The volume will be published on December 25, 2025.' For the unversed, the actor had made the first announcement of his biography, Mukharagam, back in 2019 on account of his 59th birthday. The book is expected to cover not only various facets of his over four-decade-long acting career but also several incidents from his personal life that have never been known to the public. A few candid revelations by the actor will also provide insights into the book and give it a new experience for readers. In other news, Mohanlal has been the frontrunner of success courtesy of his two successive hits with L2: Empuraan and Thudarum. Both the films scored huge hits at the box office and went on to carve out indomitable fame. Recently, the actor hosted a small celebration at his office with his producers for the success of his recent releases. In pictures that went viral, the Malayalam superstar could be seen cutting a unique tiered cake that was adorned with caricatures of his characters Benz and Stephen from both films. Take a look at it here:
