We raised $11M from @hack_vc, @IOSGVC, @animocabrands to build Web3's most advanced RaaS Platform.

Our funding will be used to power the growing wave of rollups on Gelato, such as the newly unveiled @inkonchain from Kraken.

This brings our total funds raised to $23 million ↓ Today, over 50 projects rely on our Rollup Platform processing over 4.5M daily txs & securing over $600M in TVL.

We are proud to build together with amazing teams such as @inkonchain, @FoxNews, @reya_xyz, @LiskHQ & @opencampus_xyz to bring millions of users onchain.

Everclear ⛓️ L2 is live on Mainnet Beta on @Arbitrum Orbit

@EverclearOrg solves fragmentation by coordinating the global liquidity settlement between chains.

Unlocking Chain Abstraction by building scalable cross-chain interactions ↓ Blockchains are scaling exponentially, fragmenting liquidity

Enter Chain Abstraction ↓
Everclear is a shared clearing layer that coordinates global netting & settlement of capital flows across chains. Solving fragmentation.

Learn More:

https://x.com/EverclearOrg/status/1836391877580669126

Web3 still hasn't gone mainstream

Top chains handle ~5M daily tx compared to Visa's 200M

Enter @0xSonicLabs. A lightning-fast L1 EVM w 10k+ TPS & sub-sec finality & native Ethereum bridge making mainstream adoption possible

Super Sonic speed meets Super Sonic UX by Gelato ↓ Led by the legendary @AndreCronjeTech, Sonic is delivering on the promise of the fastest EVM

→ 1-sec time to finality
→ Elastic scalability with up to 10k TPS

The speed is matched with incentives. The launch will be supported by REDA a massive incentive program CTED.

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 ↓ 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

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!) 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!

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 🧵 @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

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🧵 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!

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

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

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🧵 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!

You can now earn auto-compound fees on @Uniswap V3 by utilizing G-UNI DAI/USDC and G-UNI USDC/USDT liquidity as collateral in the @Aaveaave V2 AMM market! 👻🍦

Ready to ape in?

↳ app.aave.com/#/markets What is the Aave V2 AMM market?

The AMM market was launched on @aaveaave earlier this year. It allows users to use their decentralized exchange LP tokens as collateral on the Aave Protocol and borrow against them while also earning exchange fees 👻✨

medium.com/aave/aave-amm-…

1/ ANNOUNCING THE $GEL TOKEN SALE 🍦

The $GEL token sale will take place on September 13, 2021.

Whitelist applications are now open. Apply here:

medium.com/gelato-network… 2/ We believe that everything that can be, will be automated in Web3.

For that, Gelato built the underlying infrastructure for teams including @Instadapp, @AaveAave, @QuickswapDEX, @furucombo and many more to outsource their Web3 DevOps needs.