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Can you introduce some good projects that are about to be launched?
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Initia completed its first sale in Echonomist Group on Cobie's Echo fundraising platform. Cobie's Echo fundraising platform has only completed three project financings so far, so Initia is worth bullish. In addition, the mainnet launch + airdrop plan may start at any time,but it seems to have been postponed to April. If you have to choose a word to summarize Initia, it must be intertwined.
Fogo, another project that launched a token sale on Cobie’s Echo platform, raised $8 million at a $100 million valuation. Fogo uses a highly optimized version of Solana’s validator client, Firedancer, developed by Jump Crypto, as the only execution client on its network. Firedancer isn’t even live on the Solana network yet. Solana will soon benefit from the Firedancer client, but not all validators will switch to it right away. This means the Solana network will be limited in speed by the slowest node.
I would like to add one more protocol here: Resolv. If you understand how Ethena works, then you already have the basic knowledge to learn Resolv. The core concept of Ethena and Resolv is exactly the same, that is, to create stablecoins through a combination of crypto asset collateral and perpetual contract short hedging. But Resolv is unique in its architectural design and implementation path
Snapchain was born out of the pain points that decentralized social networks generally face when scaling, such as data synchronization difficulties and real-time update delays. Although the Lens protocol chooses to use zkSync technology, the Farcaster team is independently developing solutions that adapt to its ecosystem.
Succinct ZKPs is a technology that can verify authenticity through cryptography without leaking data. However, due to the fragmentation of infrastructure and high implementation costs, it faces huge challenges in practical applications. Succinct provides a shared market for proof generation, so that each project does not need to reinvent the wheel. Developers can focus on building applications such as Rollup, cross-chain bridges, and oracles, and outsource the work of generating proofs to network nodes.
