Facet Introduces Layer 2 Solution Built for Hard Times
Facet Introduces Layer 2 Solution Built for Hard Times
🤔 L2s Without Training Wheels
Facet launches a new Layer 2 solution addressing critical vulnerabilities in existing rollups. Unlike current L2s that rely on centralized sequencers and upgradeable bridges, Facet:
- Submits transactions directly to Ethereum L1 (based sequencing)
- Operates without protocol-level L1 smart contracts
- Eliminates need for admin keys or security councils
- Forks from Optimism OP Stack for EVM compatibility
Current L2s face challenges during hard times (technical failures, regulatory pressure, market volatility) due to centralized components. Facet aims to maintain security without compromising decentralization.
The platform is live on mainnet, offering developers standard Solidity contract deployment.
On long enough timelines, "hard times" are inevitable. Will your Layer 2 rollup perform during "hard times?" 🧵👇
Facet Selected as Top 30 Ethereum OSS Project in Gitcoin GG23
Facet has been recognized among the top 30 Ethereum open-source projects in Gitcoin's GG23 Retro Funding Round. The project focuses on building unstoppable rollups that truly inherit Ethereum's L1 security. Key points: - Community members can vote without spending money - Voting focuses on open source metrics - Developer Retention is a crucial metric for Facet - Project previously launched on Gitcoin Grants #GG22 - Features mechanical neutrality with: - No centralized sequencer - No upgradeable contracts - No privileged keys - No governance council - No enshrined gas bridge Vote here: [Gitcoin RF Vote](https://beta.rf.vote.gitcoin.co/#/42161/862) Support future builders: [Gitcoin Grants](https://grants.gitcoin.co)
Facet and Ankr to Present at ETH Denver on Infrastructure Innovation
Key infrastructure players are gathering at ETH Denver for significant discussions on Web3's future: - @dumbnamenumbers and @ankr will present on next-generation infrastructure and Facet's development at BLUEPRINT panel - Event features multiple infrastructure-focused sessions including: - Uniting Societies (Feb 28): Digital identity and Web3 social infrastructure - Proof Point (Feb 29): Decentralized infrastructure and modular blockchains - Infra Gardens (Mar 1): Premier meetup with RippleX, Kwil, and other leaders The conference aims to shape emerging narratives in decentralized infrastructure, modular oracles, and RWAs. [Register for BLUEPRINT](https://lu.ma/igoyx65u)
ETH Denver Breakfast Series Announcement
A collaborative breakfast series is being hosted at Whittier Cafe during ETH Denver, focusing on cutting-edge Ethereum and interoperability research. The event brings together key players in pre-confirmations and based rollups. - Daily breakfast meetups - Location: Whittier Cafe - Featured organizations: Interstate Foundation, Traders Guild, Avail Project, Rome Protocol, and Fermah Additional related events include a Parallelized EVM panel on March 2nd featuring speakers from Sushiswap, Fuel Network, and Pontem Network. [Register for breakfast series](https://lu.ma/96w29ktk)
Facet Partners with Succinct Labs for ZK Fraud Proofs
Facet announces partnership with Succinct Labs to implement ZK fraud proofs, addressing key challenges in traditional fraud proof systems. The new system significantly reduces bond requirements from hundreds of ETH to just 5-15 ETH. Key improvements: - Single-step verification replaces complex multi-round games - Direct smart contract proof verification - Enhanced capital efficiency While Facet doesn't use protocol-level bridges, this advancement enables more secure L1<>L2 messaging for apps. **Resources:** - [Facet Whitepaper](https://facet.org/whitepaper) - [OP Succinct Lite Details](https://blog.succinct.xyz/op-succinct-lite/) - [Fraud Proof Trilemma](https://medium.com/l2beat/fraud-proof-wars-b0cb4d0f452a)
From A to B NFT Collection Launches Special Jack Butcher Evolution Window
The evolving NFT collection 'From A to B' on FacetNFT has opened a special window featuring guest artist Jack Butcher. Holders can now evolve their 'I' tokens into 'J(B)', with 48 unique variations available. Key details: - 48-hour evolution window now live - First-ever guest artist contribution - Evolution requires burning previous letter - Two strategies available: * Direct I → J(B) evolution * H → I → J(B) over multiple windows [Evolve your NFT here](https://facetnft.com/collection/from-a-to-b/evolve) Don't miss this limited window to participate in this historic collaboration.