@megaeth Everywhere, lets take a look at it
1/ MegaETH: A Giant Leap for Ethereum 🚀
Ethereum is no stranger to innovation, but MegaETH takes things to a whole new level. Let’s dive into why this project is a game-changer for the entire ecosystem. 🧵👇
@marilyn100x@ethereum@UnrollHelper Hey! Usually it makes one article from all the tweets so its more easier to read but seems it´s not working 🫣 did use it after a while
@megaeth Everywhere, lets take a look at it
1/ MegaETH: A Giant Leap for Ethereum 🚀
Ethereum is no stranger to innovation, but MegaETH takes things to a whole new level. Let’s dive into why this project is a game-changer for the entire ecosystem. 🧵👇
Bringing back Up Only was just the warm up.
We’ve acquired @echodotxyz, the leading onchain capital raising platform.
→ Joining builders with community capital
→ Giving investors access to new opportunities
→ Growing economic freedom worldwide
We're excited to announce the launch of the Chainlink Reserve, a new upgrade centered on the creation of a strategic onchain reserve of LINK tokens.
https://t.co/Fgib8zR9uj
The Chainlink Reserve is designed to support the long-term growth and sustainability of the Chainlink Network by accumulating LINK tokens using offchain revenue from large enterprises that are adopting the Chainlink standard and from onchain service usage.
The Chainlink Reserve is being built up by using Payment Abstraction to convert offchain and onchain revenue into LINK, using a combination of Chainlink services and decentralized exchange infrastructure.
Demand for Chainlink has already created hundreds of millions of dollars in revenue, substantially from large enterprises that have paid offchain for access to the Chainlink Platform.
With increasing demand from a number of the world’s largest banking and capital markets institutions, this form of paying for the Chainlink standard is expected to grow into the future as the industry grows.
The Reserve has already accumulated over $1M worth of LINK from this early stage launch phase, which is expected to gradually grow in the coming months as more revenue is converted into LINK and placed into the Reserve.
We do not expect any withdrawals from the Reserve for multiple years and thus it is expected to grow over time. We believe that as the industry demand for Chainlink’s unique capabilities increases, that adoption of Chainlink services will enable the Reserve to grow further.
🧵👇
A few updates from me:
This weekend I officially signed the contract with the EF. I have been waiting with some of the communication until this happened.
There was a delay on my side, as I had to have my lawyers review all Nethermind and EF contracts in various jurisdictions, and it took much longer than I expected.
Some more official announcements from the EF board, myself, and Nethermind will most likely be published later this and next week.
Since the beginning of March, I have had around 150 calls and in-person meetings (plus attended the SF events), listened to feedback, and constructed a very broad strategy document.
Until Thursday, my days will mostly still be filled with meetings, as I am also trying to have 1:1s with everyone at the EF in the first weeks.
What I will do next is remain responsive on Telegram and Signal, but I will lock my Calendly for a while so we can start executing based on the feedback. I will now be working on converting my broad strategy exploration into a list of goals for the EF. I will also share some goals that we believe should be addressed by the ecosystem rather than the EF.
I am discussing all of these daily with a group consisting of all EF team leads to ensure that we move quickly, with full transparency, understanding, and agreement.
Thanks for your patience. In the meantime, both Hsiao Wei and I have already been executing many internal operational adjustments together with the team leads.