LG Electronics is developing a new digital advertising platform using its own layer-2 blockchain network in collaboration with Arbitrum. The platform aims to streamline ad placement, buying, and selling by removing intermediaries. LG completed a pilot and is considering a market launch later this year.
Botanix is winding down its Bitcoin-based layer-2 network, citing a lack of product-market fit and low fees. Users have until July 9 to withdraw funds. The project raised $8.5 million in 2024.
Botanix Labs announced it will shut down its Bitcoin Layer-2 network in about four years, citing a lack of demand for decentralized finance (DeFi) on Bitcoin. Despite no hacks and millions in assets, the economic model failed to sustain itself.
Ethereum layer-2 network MegaETH will unlock its native MEGA token over time, and reward it to users, as key benchmarks are met.
The Shariah-compliant stablecoin backed by Gulf currencies expands to a new Layer-2 network aimed at institutional settlement in the Middle East.
