Socket

Socket Protocol is expanding into tokenized securities, enabling users to purchase Tesla stock directly on the blockchain. This integration offers: - Seamless onchain trading of traditional stocks - Reward mechanisms for participants - Gasless trading capabilities - Cross-chain compatibility The move represents a significant step in bridging traditional finance with decentralized systems. Socket's chain abstraction technology ensures smooth transactions across multiple networks. *Integration follows successful launch of Bungee's gasless trades in late 2024*

Vaibhav Chellani from SOCKET appeared on apriori0x's Deeply Intents podcast to discuss critical blockchain infrastructure topics: - Challenges the popular notion of chain abstraction, arguing it's largely mythical - Shares insights from experience building Polygon PoS, Plasma, and ZK rollups at Ethereum Foundation - Details pivot from bridges to chain abstraction strategy at Bungee Exchange - Explores intent marketplaces, MOFA (Message-Order-Flow-Auction), and future of global settlement The technical discussion targets infrastructure developers and system architects interested in next-generation blockchain solutions. [Listen to the full episode]()

Socket has announced a special allocation of 50 PowerPuff roles specifically for active Zerion wallet users. This initiative is part of Socket's broader ecosystem partnership program that rewards power users across different platforms. - Limited to top 50 Zerion power users - PowerPuff role grants access to SocketSociety - Program aims to foster onchain collaboration Socket continues to expand its community engagement through strategic partnerships, recognizing active participants in the multi-chain ecosystem.

Chain abstraction is gaining momentum as a crucial infrastructure component for web3 development. This technology aims to create seamless cross-chain experiences by: - Enabling developers to build applications that work across multiple blockchains without users needing to understand the underlying complexity - Improving scalability and adaptability of decentralized applications - Reducing friction in multi-chain interactions The push comes as Layer-2 solutions multiply, creating increased demand for unified user experiences. Developers are focusing on making blockchain interactions more intuitive and accessible while maintaining the benefits of decentralization. *Key Impact*: This shift could fundamentally change how users interact with blockchain applications, making the technology more accessible to mainstream adoption.

Socket Protocol continues to evolve in the cross-chain infrastructure space. The protocol enables seamless multi-chain application development with these key features: - Secure cross-chain message passing - Standardized bridging interface - Gas optimization for cross-chain transactions Builders can now create truly interoperable dApps across multiple blockchains with reduced complexity and enhanced security. Socket's infrastructure handles the heavy lifting of cross-chain communication. *Want to start building?* Check out Socket's documentation for integration guides.

Socket has recovered 1032 ETH from the incident on 16th Jan and will soon release a recovery and distribution plan for users. The recovery was achieved with help from Seal911, Slowmist, Hexagate, and others.

Socket is taking immediate action to address a recent security incident. They have set up a hotline for affected users and are working with crypto security teams to investigate and contact the attacker. Additional security measures are being implemented. Socket is fully focused on recovery and will provide updates.

Socket warns its community to watch out for fake accounts on X/Twitter that may attempt to phish users. The official Twitter account is @SocketDotTech. Socket advises users to only interact with the official account and refrain from engaging with any other accounts or links.

Socket is now back online after experiencing issues. The affected contract has been paused and the damage has been limited. Bridging on BungeeExchange and most partner frontends has resumed. A post mortem will be released soon.

Socket has partnered with the biggest options platform to bring bridging connectivity and zero fee transfers from every chain.