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Billionaire Tim Draper, a crypto supporter, has launched Draper Goren Blockchain (DGB), a venture studio focused on decentralized finance (defi) technologies, layer-2 scaling, and user-friendly crypto applications, including gaming and social platforms. Draper is collaborating with Alon Goren and David Bleznak–both are crypto industry veterans. Bleznak, a former partner at Draper Goren Holm, has a diverse portfolio, including leadership roles at Totle, Coinbase, LunarCrush, and Ownera. Goren outlined Draper Goren Blockchain’s strategy to build lasting partnerships instead of following traditional accelerator models. They commit to supporting each backed company for a decade, investing $25,000 to $100,000 in early-stage startups. Additionally, DGB plans to collaborate directly with selected entrepreneurs to incubate new companies. You might also like: Tim Draper pushes bitcoin price estimate to $250k by 2025 Despite his frustration with the current U.S. ...

PancakeSwap, a decentralized exchange (DEX), is launching on Base, an Ethereum(ETH) layer 2 scaling network incubated by Coinbase, according to an update on Aug. 30. Initially, this integration will offer PancakeSwap’s swapping and liquidity provision functions. Following that, an upcoming release will introduce the farming feature, permitting users to stake liquidity provider (LP) tokens in exchange for PancakeSwap’s native CAKE tokens. Importantly, users will retain their positions in the original LP tokens. Base is now PancakeSwap’s eighth platform, highlighting the DEX’s multi-chain strategy. While initially established on BNB Chain, the DEX has deployed on several blockchains, including Ethereum, Aptos (APT), Polygon (MATIC) zkEVM, and others. Ready for a game-changer DEX on Base? Everyone’s favorite DEX is now on @BuildOnBase, bringing ultra-low fees, user-friendly Features and setting the stage for DeFi mass adoption Start your Base journey with us ...

Avail launched a bridge to transmit data availability attestations to Ethereum, potentially allowing for lower fees on some L2s. Blockchain network Avail has launch ed a testnet data availability bridge to Ethereum, according to a July 7 announcement. Once testing is completed, the bridge will allow developers to easily create “validiums” or low-cost layer-2 s that do not store full transaction data on Ethereum, the announcement stated. Avail was originally created by Polygon Labs, but was spun off as an independent project in March. Polygon’s co-founder, Anurag Arjun, is also the founder of Avail. Avail Block Explorer. Source: Avail.tools Layer-2 rollup networks like Optimism, Arbitrum, Polygon zkEVM, and zkSync Era lower transaction fees by batching transactions into compressed “rollups'' and periodically adding them to the base layer. However, because these networks must write all the transactions to the base layer, they often have higher transaction fees than layer-1 c...