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Protocol Village: Proof of Play Adds ‘Boss’ as Arbitrum Orbit Chain, Lombard Launches LBTC

Posted on by CryptoCoinstart News Report
Protocol Village: Proof of Play Adds 'Boss' as Arbitrum Orbit Chain, Lombard Launches LBTC
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Blockchain Tech Upgrades, Funding Announcements, and Deals (Aug. 29-Sept. 4)

The latest developments in blockchain technology, funding announcements, and significant deals are here. This update covers the period from Aug. 29 to Sept. 4.

Pirate Nation Studio’s Proof of Play Adds ‘Boss’ Chain on Arbitrum Orbit

Proof of Play, the studio behind Pirate Nation, is set to launch the Boss Chain on Aug. 29. This is described as “the next step in their multichain vision to support 100M+ players.” The team states:

  • Boss Chain, similar to the original Apex, is an Arbitrum Orbit chain.
  • It offers seamless scalability and marketplace interoperability.
  • This development is crucial for horizontal scaling, essential for ambitious applications with large volumes of on-chain computation.
  • It supports new social or consumer dApps.

Lombard Launches LBTC, ‘Bridging Bitcoin to DeFi’

Lombard has officially launched LBTC, a “cross-chain, yield-bearing Bitcoin token designed for DeFi use.” The launch follows a successful private beta phase that attracted more than $165 million in deposits from over 600 institutional allocators. Key highlights include:

  • LBTC allows users to stake Bitcoin through Babylon.
  • Users can utilize LBTC across various DeFi protocols.
  • Initial integrations include major DeFi protocols such as Symbiotic, Morpho, Pendle, Corn, Gauntlet, Derive, EtherFi, and Gearbox.

Matchain Launches Decentralized and Scalable AI Chain Mainnet

Matchain, a “decentralized and scalable AI chain” focused on securing data sovereignty, has set its mainnet launch for Wednesday at 3 p.m. ET. The project is a layer-2 rollup on BNB Chain, utilizing Optimism’s OP Stack technology. The team notes:

  • Matchain addresses the privacy concerns raised by AI, which creates data silos.
  • The platform merges blockchain transparency with AI capabilities.
  • The layer-2 rollup handles high transaction volumes with low-latency dApps.
  • Users can bridge tokens, swap via Matchain’s DEX, and launch tokens and memes in a secure environment.
CryptoCoinstart News Report