More crypto traders are investing in projects planned for launch on zkSync, which deals with Ethereum projects, ahead of a potential airdrop for its governance token, according to its website L2BEAT.
Since the launch of its mainnet for the public 10 days ago, $115 million were bridged to zkSync as users flocked to harvest the anticipated native token airdrop for the Ethereum rollup, the website claimed.
The zkSync era mainnet was activated a day after the Arbitrum airdrop on March 24. For eligible wallets, the average airdrop was 1,250 ARB, giving its users roughly $1,500 in free money. ZkSync has become one of the sought-after airdrops on the market as users scrambled to harvest the next airdrop.
Developers now have the chance to create a competitive benefit for themselves in the new ecosystem, thanks to the layer-2 new zero-knowledge proof (ZK) foundation. Additionally, these projects qualify for an anticipated airdrop of the platform's native currency, comparable to Arbitrum.
Paxful To Suspend Peer-to-Peer Bitcoin Exchange
In a message to the employees, Paxful co-founder and CEO Ray Youssef cited key staff departures and growing regulatory challenges.
Paxful is a peer-to-peer (P2P) platform for trading Bitcoin (BTC),
Youssef, in the message posted on the company's website, said that it is suspending its marketplace and is uncertain when the operations will resume.
“This will probably come as a big shock to many,” said Youssef, adding, “While I cannot share the full story now, I can say that we, unfortunately, have had some key staff departures.” Youssef also took note of regulatory challenges, particularly in the P2P market and in the US.
Youssef stated that users will still be able to access their money through the Paxful Wallet. Customers are being urged to switch to self-custody or use alternative service providers like peer-to-peer marketplace Noones or Bitnob, a business that accepts Bitcoin payments.
Masa Announces Soulbound ID Coins For Base Network
According to Masa Finance, a Web3 protocol, the Soulbound tokens will soon be accessible on Coinbase’s Base network. The token protocol can be used for a variety of applications, including membership badges, loyalty programmes, decentralised captcha bots, and credit underwriting.
The new tokens will “enable users to associate their wallet addresses with identifying and reputational details, enabling credit underwriting on the blockchain,” it said in a statement on April 4.
Masa claimed that various applications, such as human-readable domain names, membership badges, loyalty programs, accomplishment badges, decentralised captcha bots, and more, could be used with the protocol.
It also plans to release a Base SBT Developer Toolkit in the next few weeks that “will support the seamless deployment and interaction with SBTs on Base.” It will include a quickstart manual, a software development kit, a REACT developer toolkit, a Masa command line interface, and examples of how to create applications using Masa Soulbound tokens.
