ZK Den: Shark Tank Meets Your Parents' Basement

🔥 Basement Billions Incoming?

By zkSync
Apr 11, 2024, 6:13 PM
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Ozhar interviewed representatives from Grvt and Cronos Chain about their plans to deploy ZK Stack hyperchains on zkSync, a layer 2 Ethereum scaling solution.​ This deployment aims to bring billions in liquidity and onboard millions of new users to cryptocurrency.​ The interviewees warned against dismissing or underestimating their ambitious endeavor.​

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zkSync Evolves Prividium Into Network of Private Ledgers

zkSync is transitioning from infrastructure to financial coordination through Prividium, a network of private ledgers anchored to Ethereum. **Key developments:** - Each Prividium operates as a sovereign member within the network - Rules and compliance travel with assets across the system - Enables institutions to participate in shared global markets while maintaining data confidentiality - Architecture supports real-time, programmable treasury management - Features selective disclosure and cryptographic auditability for compliance The system allows regulated financial institutions to launch private, interoperable onchain environments. Private execution remains anchored to Ethereum's security while keeping sensitive financial data confidential. [Learn more about Prividium](https://www.zksync.io/prividium)

ZK Token Launches on Bitstamp Exchange

ZK Token Launches on Bitstamp Exchange

$ZK, the native token of ZKsync, is now available for trading on Bitstamp. This listing follows ZK's recent integration with Revolut in May, which gave over 15 million users in the UK and EEA access to the token through the fintech app. The Bitstamp listing expands accessibility for the Layer 2 scaling solution's token to a broader audience of cryptocurrency traders.

zkSync-Backed Group Launches Work Program to Scale Digital Money for Corporate Treasury

The **Tokenized Cash Management Advisory Group**, supported by zkSync alongside major banks and corporations, has released a comprehensive Work Program focused on advancing digital money infrastructure. **Key developments:** - The program identifies priority use cases aimed at transitioning tokenized cash management from experimental pilots to full-scale production deployment - Represents a significant step toward mainstream adoption of blockchain-based treasury solutions - Builds on zkSync's March 2025 initiative to bring corporate treasury management onchain with programmable workflows **What this means:** Corporate treasurers may soon manage cash flows with real-time visibility and automated processes while maintaining privacy and regulatory compliance. The collaboration between traditional financial institutions and blockchain infrastructure providers signals growing institutional confidence in tokenized money systems. The Work Program provides a roadmap for enterprises to transform treasury operations from static processes into dynamic, strategic assets through blockchain technology.

âš½ Predictstreet Launches as Official FIFA World Cup 2026 Prediction Market on ADI Chain

**Predictstreet** has officially launched as the designated prediction market for the **2026 FIFA World Cup**, operating on **ADI Chain** (powered by ZKsync). The platform has integrated **Chainlink** as its exclusive oracle infrastructure to ensure reliable data feeds for World Cup predictions. This marks a significant partnership bringing together FIFA's global sporting event with blockchain-based prediction markets, leveraging ZKsync's Layer 2 scaling technology. [View announcement](https://x.com/Predictstreet/status/2064300545586901415)

ZKsync Advocates for Digital Asset Clarity Act in Senate Meetings

ZKsync Advocates for Digital Asset Clarity Act in Senate Meetings

**ZKsync joined the Blockchain Association's Fly-In event to meet with U.S. Senators**, advocating for clear market structure legislation for digital assets. **Key developments:** - ZKsync participated alongside 200+ organizations supporting the [Clarity Act](https://x.com/zksync/status/2063984745604874442) - The bill previously passed the Banking Committee with bipartisan support - Focus on establishing clear regulatory rules for digital asset markets - Aims to strengthen U.S. competitiveness in the digital asset space The initiative represents direct industry engagement with policymakers on Capitol Hill to push for regulatory clarity.