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Gelato 🟠 Profile picture
@gelatonetwork
Jun 18 • 5 tweets • 2 min read • Read on X
BREAKING NEWS 🚨

FOX Corp. launches the 1st enterprise L2 ⛓️ chain
On 🟠 Gelato, powered by @0xPolygon CDK

Fox Corp., a top US media company, launches Verify L2 to help media firms like @TIME track online content use

See how Verify modernizes brand trust & content licensing ↓ Image
Verify L2 lets media companies register content, grant usage rights to AI platforms, & help consumers verify content origins, focusing on ↓

→ Content ownership & control
→ Journalistic integrity of content

Learn More: verifymedia.com
Image
For Verify to power its product ecosystem, Verify has deployed an L2 chain on Gelato RaaS using @0xPolygon CDK validium.

Inheriting near-instant transaction finality & ultra-low fees while maintaining high-security standards.

→ > 7s block time
→ 2,500 TPS
→ $ 0.02 gas / tx Image
By integrating @0xPolygon's latest L2 tech with Gelato's Web3 Cloud Services & essential 3rd party infra, Gelato RaaS creates a fully integrated infra ecosystem serving the use-case.

→ Gasless transactions for better UX
→ Ready to scale to millions of users Image
Fox Corp. onboards @TIME next to @FoxNews as the first 3rd party publishing partner on Verify L2.

TIME will use the Verify L2 for content licensing & verification. Transforming content creation, distribution & monetization!



On 🟠 Gelatotheblock.co/post/300631/fo…

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More from @gelatonetwork

Gelato 🟠 Profile picture
Jun 16, 2023
Hey Gelato Fam,

Happy Friday & welcome to our weekly update! Here’s an Abstract (😉) of our activities so far and what you have to look forward to next week

Let’s dive right in!🧵
(Hint: next week will be all about Account Abstraction!) Image
The world will run on web3 & web3 will run on Gelato

AA transforms blockchain interactions by empowering developers to build advanced, feature-rich dApps while abstracting away complexities for end users, making web3 accessible to everyone- yes, even normies! Image
Yesterday, we were joined by frens from @avax, @BwareLabs, @MELD_Defi & @HubbleExchange to learn how to build a scalability powerhouse with Avalanche subnets, with Gelato's essential infra services!

Catch up on the discussion here ⬇️
twitter.com/i/spaces/1OyKA… Image
Read 8 tweets
Gelato 🟠 Profile picture
Jun 14, 2023
Everyone is talking about @Uniswap V4 but what does this update mean for devs?

TL;DR
🔗 Hooks: Customizable pools
☝️ Singleton: All pools are in a single contract for significant gas savings
💸 Native ETH Support

Let's dive in, a 🧵 Image
@Uniswap V3 revolutionized liquidity provision and boosted capital efficiency, however, it came with tradeoffs: limited flexibility & higher gas costs.

Uniswap V4 is designed to enhance customization, enhance flexibility & maximize efficiency, addressing V3's drawbacks
1️⃣ @Uniswap V4 introduces a new concept - "hooks"

These are external contracts that insert custom code at specific points in a pool's lifecycle, paving the way for highly customized AMMs. From pool creation to liquidity adjustments and swaps, opening up limitless opportunities!
Read 9 tweets
Gelato 🟠 Profile picture
Jun 14, 2023
Gelato’s Node Operators are live on @avax!

This paves the way for a more secure, transparent ecosystem. Devs building with Gelato can build with even more confidence in the integrity & reliability of the underlying infra

Here’s how we empower projects in Avalanche’s ecosystem🧵 Image
By leveraging Gelato Relay @NFTradeOfficial, a multi-chain NFT platform on @avax, is able to match orders and send relay requests to buy NFTs on a user’s behalf- all in real-time!

Gelato also helps facilitate the payment settlement, improving the UX for end users!
@VesperFi on @avax integrates Gelato for decentralized automation in its Saddle metapool!

LPers can enjoy automated transactions & yield optimization, and with Gelato bots taking charge users can claim their weekly yield from the TVL in the Saddle pool, enhancing the overall UX
Read 5 tweets
Gelato 🟠 Profile picture
Mar 1, 2023
Introducing Gelato Web3 Functions!

Build truly serverless #web3 apps using decentralized cloud functions able to access off-chain data & computation without having to trust a centralized party

Apply for our private beta today to get early access 👇
gelato.network/blog/web3-func…
With Web3 Functions, developers can augment their smart contracts with off-chain data, computation, tx automation, indexing & data storage!

Connect your app to relevant real-world data that enriches the UX & empowers you to create a new generation of powerful web3 use cases
Some of these use cases include:

🎵On-chain music royalty payments
🧮 Automated trading strategies that require access to DEX aggregator endpoints (e.g. @1inch @paraswap)
🔮Resolving prediction market outcomes with real world data
🏅Sports betting

To name just a few!
Read 5 tweets
Gelato 🟠 Profile picture
Feb 7, 2023
Ethereum’s Shanghai Upgrade is around the corner, but what does it mean for web3?

Let’s break it down 🧵
Back in the “old days” (pre-Merge), Ethereum ran on a proof-of-work model which required a lot of processing power. PoW blockchains are verified by miners who compete to solve a math puzzle, the winner updates the blockchain with the latest block & receives the native token
The decision was made to move from a PoW system to PoS (proof-of-stake), where “validators” would stake their own crypto for the chance to validate new transactions, update the blockchain, and earn a reward.

This was called The Merge
ethereum.org/en/upgrades/me…
Read 12 tweets
Gelato 🟠 Profile picture
Jan 30, 2023
We can’t onboard the first billion people to web3 if we rely on users paying for gas and never losing their private keys.

Many believe Account Abstraction will be the next big thing for Ethereum & solve this problem

But what is it & why should you care? Let’s break it down🧵 Gradient text on a dark, pl...
Imagine a world where you can:

- Recover your funds if your private key is lost
- Interact with web3 apps without paying for gas
- Have others manage your funds based on rules that you define straight from your wallet

All of this is what AA promises to do!
But why haven’t today’s wallets adopted these functionalities?

To answer this question we have to understand that there are 2 different types of accounts on Ethereum:
1⃣Externally Owned Accounts - EOAs
2⃣Smart Contract Accounts - SCs
Read 12 tweets

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