ZKSync Meme Contest Deadline Approaching

๐Ÿ”ฅ Meme Masters Assemble!

By zkSync
Mar 28, 2024, 6:28 PM
twitter

ZKSync, an Ethereum zkRollup Layer 2 project aimed at accelerating crypto mass adoption, is hosting a meme contest with $40,000 in prizes across various categories including memes, digital art, physical art, and education.​ The contest deadline is rapidly approaching, with only 9 hours remaining for submissions.​ Participants are encouraged to submit their entries through the provided link.​

Sources
Read more about zkSync

zkSync Signals Mass Adoption Phase

zkSync hints at an upcoming phase of **mass adoption at scale** following recent developments. The announcement comes as the Ethereum Layer 2 zkRollup continues its mission to accelerate crypto adoption for personal sovereignty. Key points: - Leadership indicates adoption scaling is imminent - Follows recent strategic conversations and developments - Focus remains on making crypto accessible to mainstream users The brief announcement suggests significant infrastructure or partnership developments may be ready to deploy, though specific details have not yet been disclosed.

๐Ÿ›๏ธ ADI Foundation CEO: ZKsync Powers UAE Sovereign Blockchain Infrastructure

**ADI Foundation selects ZK Stack for institutional blockchain deployment** Andrey Lazorenko, CEO of ADI Foundation, announced that ADIChain is building on ZKsync's proven technology to establish sovereign blockchain infrastructure in the UAE. **Key points:** - ADIChain leverages ZK Stack's battle-tested technology for UAE-based operations - Focus on bringing billions of users from emerging markets onchain - Combines proven ZKsync infrastructure with sovereign rails The deployment represents institutional adoption of ZKsync's technology for government-backed blockchain infrastructure in emerging markets.

Permissioned Platforms Fail Privacy Test, Cryptographic Solutions Needed

A new report from IPTF examines why permissioned blockchain platforms consistently underperform and fail to meet institutional privacy requirements. **Key findings:** - Centralized databases cannot provide the privacy guarantees institutions need - Cryptographic privacy solutions offer the only viable path forward - Enterprise-grade public chains with ZK technology provide better alternatives **Technical advantages highlighted:** - High throughput capabilities - Sub-second zero-knowledge finality - Selective disclosure features - Ethereum interoperability The report argues that genuine privacy requirements demand cryptographic solutions rather than permission-based access controls. Traditional permissioned systems create bottlenecks and fail to scale while compromising on privacy guarantees. Institutions seeking robust privacy protections should evaluate public chain platforms that integrate zero-knowledge proofs and cryptographic privacy features rather than relying on outdated permissioned architectures. [Read the full report](https://x.com/iptf_updates/status/2017203663627051465)

ZKsync Staking Portal Goes Live with 55M $ZK Locked

ZKsync has launched its Delegate-to-Stake portal, with over 55 million $ZK tokens already locked in ahead of Season 1's February 9th start. **Key Details:** - Participants must delegate $ZK to an active Delegate to earn rewards - Season 1 offers 10M $ZK reward cap with a governance target of +200M active voting power - Season 2 (conditional) will offer 25M $ZK rewards targeting +500M voting power - Portal built by [Tally](https://www.tally.xyz/gov/zksync/stake/direct) The ZKnomics Staking Pilot Program aims to test infrastructure for the future decentralized sequencer while strengthening governance participation. Rewards only flow when staked tokens are delegated to active Delegates, aligning incentives with real governance engagement. Stake your $ZK at [vote.zknation.io](https://vote.zknation.io/dao/stake/direct) before Season 1 begins.

ZK Token Evolves Beyond Governance to Capture Protocol Revenue

ZK Token Evolves Beyond Governance to Capture Protocol Revenue

**ZK token is transitioning from a pure governance token to a value-accrual model.** The shift enables protocol usage to generate recurring revenue flows back to the ecosystem. This change comes as: - Interoperability solutions approach production readiness - Private institutional chains near deployment - Both onchain and offchain revenue streams are being structured to flow value to $ZK holders through governance mechanisms The evolution represents a fundamental reframing of the token's economic model, moving toward real utility beyond voting rights.