Arbitrum Stylus Launch at Korea Blockchain Week 2024

Ethena Labs and Securitize announce Converge, a new Arbitrum chain designed for onchain finance and RWA settlement. Key features: - **$7B in initial liquidity** from USDe and Blackrock BUIDL - Native gas tokens: USDe and USDtb - 100ms block times (targeting 50ms) - Celestia-powered validator network - Multi-language smart contracts via Stylus upgrade The platform will integrate ~$5B from Ethena's ecosystem and ~$2B from Securitize's tokenized assets. Converge joins 80+ announced Arbitrum chains, focusing on bridging traditional finance with DeFi. [Learn more](https://www.convergeonchain.xyz/blog-posts/converge-tech-specification-roadmap)

Estate Protocol has officially launched their real estate tokenization platform on the Arbitrum network. This follows a growing trend of bringing traditional real estate assets on-chain, with YieldBricks making similar moves last month. The platform aims to facilitate the tokenization of real estate assets, making property investment more accessible and liquid through blockchain technology. - Platform launched on Arbitrum L2 network - Follows YieldBricks' similar initiative in March - Focus on real estate tokenization and accessibility *This marks another significant step in bridging traditional real estate with blockchain technology.*

**Everclear (@EverclearOrg)** has completed its full mainnet launch on Arbitrum, introducing a new solution for cross-chain rebalancing. The platform now enables transfers between Layer 2 networks and Layer 1 blockchains. Key features: - Integration with Arbitrum network - Support for both L2 and L1 transfers - Competitive fee structure - Focus on efficient cross-chain operations The launch represents a significant step in improving interoperability between different blockchain networks while maintaining cost-effectiveness.

Huddle01's decentralized communication platform on Arbitrum shows significant growth in the DePIN (Decentralized Physical Infrastructure Networks) space. Key metrics: - 23,000+ active users on MeetOnHuddle01 streaming app - 2,000+ nodes supporting network infrastructure - Full integration with Arbitrum's ecosystem The platform combines decentralized infrastructure with user-friendly streaming and chat features, demonstrating practical Web3 communication solutions. [Learn more about Huddle01's growth](https://blog.arbitrum.io/driving-depin-innovation-on-arbitrum-with-huddle01/)

**Stylus** offers a unique opportunity for collectors of **Infinite Rainbows** by @JimenaBuenaVida: - Physical redemptions begin Monday, Oct 7 at 12:00pm ET - Mint deadline: Sunday, Oct 6 at 12:00pm ET - Exclusive minting available at http://mintstylus.xyz Don't miss this chance to participate in both digital and physical art collection. Mark your calendars and prepare for this limited-time event. *Visit the official website for more details and to participate in the mint.*