zksync Announces Major Milestones and Priorities for 2024

**ZK technology is becoming critical** for global enterprises entering the digital economy, providing essential privacy and connectivity features. - Enterprise adoption requires **privacy-preserving solutions** that ZK tech uniquely offers - The transition to "Incorruptible Finance" is underway according to industry experts - ZK solutions enable **compliance without compromising** user confidentiality This represents a significant shift in how enterprises approach digital finance infrastructure.

**SANDchain has officially launched its public testnet**, marking a significant milestone for the Creator Economy platform. The blockchain project aims to build a **Creator Nation** - a sovereign, onchain economy where: - Creators can launch their own economies - Fans become active participants as citizens - Liquidity drives cultural development SANDchain builds upon **The Sandbox Game's established ecosystem** of over 8 million users, providing a strong foundation for growth. The project recently joined the **Elastic Network**, positioning itself as more than just another blockchain but as the infrastructure for creator-driven economies. This testnet launch represents a key step toward enabling creators to monetize and build sustainable economic models directly onchain.

**ADI Chain joins ZKsync Elastic Network** with ambitious plans to onboard 1 billion users by 2030. The project introduces the **first Dirham-backed stablecoin** developed by major UAE institutions: - First Abu Dhabi Bank - ADQ Official - IHC Official **Regulatory backing** comes from the UAE Central Bank, providing institutional credibility. **Target markets** include Middle East, Asia, and Africa - regions currently underserved by blockchain technology. The initiative aims to bridge traditional finance with decentralized systems, leveraging ZKsync's Layer 2 infrastructure for scalability.

Nana Murugesan joins Jeremy Allaire on The Money Movement podcast to explore zero-knowledge (ZK) proofs. The discussion covers: - The necessity of ZK-proofs for Ethereum scaling - ZK-powered applications in privacy and identity - How ZK technology is facilitating institutional adoption of blockchain This episode follows a recent trend of industry leaders discussing ZK technology. Previously, Sandy from Scroll emphasized the importance of developer-friendly tooling to drive real-world adoption of ZK proofs. **Listen to the full episode:** [YouTube Link](https://www.youtube.com/watch?v=oL7NM6chBQM)

Despite the broader crypto market experiencing a bearish October, the ZKSync ecosystem is bucking the trend with significant developments: - Continuous shipping of new projects and updates - Strong ecosystem growth, contrasting with general market sentiment - Multiple initiatives launched, represented by letters: R Z I X Q S T C C P G This 'Octobull' for ZKSync highlights the resilience and progress of zkRollup technology on Ethereum Layer 2, even in challenging market conditions. Stay tuned for more updates on ZKSync's ecosystem expansion and its impact on Ethereum scalability.