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  • Protocol Village: Kinetix Gets Strategic Investment to Build on Gnosis
  • Crypto

Protocol Village: Kinetix Gets Strategic Investment to Build on Gnosis

cryptovert November 16, 2023 1 min read

Nov.
16:

Kinetix
Network
,
a

decentralized
platform
for
cross-chain
trading
,
announced
the
close
of
a
strategic
funding
round,
a
“seven-figure
sum,”
led
by

Factor

and


Gnosis
Chain
,
to
build
on
Gnosis
Chain,
a
community-led
EVM
layer-1,
according
to
the
team:
“This
partnership
empowers
Kinetex
to
refine
its
groundbreaking
trading
approach
to
transferring
liquidity
between
networks
that
eliminates
the
need
to
store
assets
in
pools
and
leverages
zero-knowledge
(Zk)
technology
to
achieve
validation
without
relying
on
third
parties….
Kinetex
plans
to
launch
its
public
testnet
on
Gnosis
Chain
early
next
year.
Scheduled
to
last
three
months,
the
test
phase
is
geared
towards
identifying
bugs
and
refining
the
user
experience.”


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
.

Nocturne,
Protocol
for
On-Chain
Private
Accounts,
Deploys
v1
to
Ethereum

Nov.
16:


Nocturne
,
a
protocol
enabling

on-chain
private
accounts
,
has
announced
the
successful
deployment
of

Nocturne
v1

to

Ethereum

mainnet.
According
to
the
team:
“This
marks
a
significant
milestone
in
the
journey
towards
a
more
private
and
accessible
Ethereum.
For
the
first
time,
users
will
have
a
compatible
and
easy-to-use
product
resembling
a
private
onchain
account.”

Edited
by
Bradley
Keoun.

Continue Reading

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