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Layer-2 firm Polygon Labs also participated in the investment round, a spokesperson for Espresso told CoinDesk over email. According to a screenshot tweeted by the Espresso team, other investors included the layer-2 developers StarkWare and Taiko. Offchain Labs, the main developer behind Arbitrum, the biggest layer-2 network, backed Espresso, according to a post on X […]
Today’s internet is dominated by an oligarchy of large tech companies like Amazon, Apple, Meta and Google. These companies control the closed networks through which we experience the internet (social media, search engines, online shopping, etc.) and they’ve used this control to do what corporations are legally designed to do: maximize profits. Source link
Miles Jennings, general counsel at a16z Crypto, called it a “major breakthrough” that will give the groups “much-needed protections and empower them to keep blockchain networks open,” according to a blog entry posted Friday. This new recognition as “decentralized unincorporated nonprofit associations” (DUNAs) will help the blockchain stewards ensure “that the network remains open, that […]