EthLabs draws 300-plus applications in first two weeks
The Ethereum-focused research group is expanding hiring and fundraising while developing zk-based asynchronous cross-chain interoperability and a Fast Confirmation Rule aimed at reducing L1-to-L2 latency.
EthLabs, an Ethereum ecosystem research group, said it has moved into its second week of launch while expanding hiring and fundraising efforts. The group said it has received more than 300 applications and plans to grow to about 10 staff in the near term and around 20 in the medium term. EthLabs said it has initial backing from Bitmine, Sharplink and Joseph Lubin, and is seeking one to two additional anchor funders. It said its work is focused on asynchronous cross-chain interoperability based on zk technology and on improving L1-to-L2 connection latency through the Fast Confirmation Rule, adding technical detail to its early growth plans as it scales both its team and capital base.
- cross-chain interoperability: The ability for different blockchain networks to exchange data or interact with each other more seamlessly.
- zk technology: Cryptographic methods, often called zero-knowledge technology, used to verify information efficiently while limiting what data must be revealed.
- L1-to-L2: The connection between a base blockchain network and a secondary scaling network built on top of it.