While the hype surrounding the metaverse may be away from its peak back in 2021, an executive believes it lives on, with governments in the Middle East capitalizing on the technology to boost their economies. At the Arte Talks event held at the Theatre of Digital Art in Dubai, Cointelegraph spoke with Samuel Huber, the…

Ethereum scaling protocol Polygon has developed a new Type 1 prover allowing ecosystem chains like optimistic rollups to unlock zero-knowledge proof (ZK-proofs) layer-2 functionality. Polygon co-founder Brendan Farmer spoke exclusively to Cointelegraph after Polygon announced that its next-generation Polygon zkEVM Type 1 prover will be available as open source to Ethereum ecosystem participants. Farmer said…

Abu Dhabi Global Market (ADGM) has signed a memorandum of understanding with the Solana Foundation to advance the development of distributed ledger technology (DLT). The partners did not announce any specific measures but will explore opportunities for development within ADGM’s DLT Foundations Regulations. ADGM and Solana will look to expand the international financial center’s existing…

Private equity firms Deus X Capital and Bridgetower Capital are set to launch a new $250 million crypto infrastructure platform, bringing crypto staking, investing and other digital asset services to institutional investors in the Middle East. The new entity, Bridgetower Middle East, will be based in the Abu Dhabi Global Market, a free economic zone…

Among the myriad of blockchains introduced in the last decade, TRON has effectively catered to the rising demand for stablecoin products and services with its scalable and cost-efficient platform. This capability has garnered attention from leading stablecoin companies, including Tether and Circle, which issue Tether and Circle USD, and has attracted significant interest in retail payment…

Ethereum’s Dencun upgrade, introducing “proto-danksharding,” has successfully completed its final stage of testing via the Holesky testnet and is now awaiting a date for its mainnet deployment. Data shows the Dencun upgrade was forked on Holesky at about 11:35 am UTC on Feb. 7, with Nethermind sharing the news on X shortly after. The upgrade is widely…