Odaily News Consensys, the developer of the crypto wallet MetaMask, announced its sustainable development route. Consensys has currently built infrastructure products and services such as MetaMask, Infura, Truffle, Diligence, Besu, Teku, GNARK, DIN and Linea, and will announce related plans in a few weeks. Consensys is currently in a period of transformation, gradually decentralizing and shifting its focus to transforming products into protocols, and will evolve from a company to NetworkState over time. Earlier news, Consensys announced a 20% layoff due to the macro-economy and the company's long-term legal expenses in the fight with regulators, involving about 160 employees.

Odaily News Consensys CEO Joe Lubin said the company wants to use crypto-native methods to attract public investment and is looking for acquisition opportunities. When asked about "Consensys's path to listing," Lubin said "We've been talking about this for a long time." "There are different ways to go public in our ecosystem," he continued, "You can launch a protocol, you can tokenize the protocol, you can externalize the project." But he did say that Consensys may spin off MetaMask or other divisions, such as toolkit developers Infura or Linea. Consensys is working with audit firm KPMG, but declined to provide specific details. In addition, Lubin made it clear that Consensys will choose to go public through the blockchain route rather than listing on Nasdaq or other stock exchanges. He added: "If we do go public in some form, we always tend to use our own technology to do something. This does not mean that we want to leave the US capital market, which has strong depth and liquidity. But there may be a way to use our own technology to go public and still let people use it." (DL News)

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Odaily News Infura, the blockchain development platform owned by Consensys, announced the launch of a new Unified Key Experience (UKE) to simplify the key management system. This update integrates all types of Infura keys (Eth1 keys and Unified Key Service) into a more user-friendly system called UKE.

Odaily News Covalent (CQT) joined forces with Infura, Tencent and Microsoft to launch the decentralized infrastructure network (DIN). CQT obtains unstructured data from more than 199 blockchains, sorts it out and structures it for use in DApps, Data analytics and artificial intelligence. Covalents developer community includes more than 40,000 developers and powers more than 5,000 applications. CQT, a Web3 data index with billions of data points in one API, has announced a strategic initiative with Infura, a major provider of blockchain infrastructure, as well as Tencent and Microsoft, to build public infrastructure that improves the internet, said for the Decentralized Infrastructure Network (DIN). CQT will enable Infura’s developers to access rich and granular verifiable blockchain data across multiple networks (including Ethereum, Polygon, Binance Chain, Avalanche), helping and supporting Infura’s growing 450,000 users like never before . With the launch of DIN, Infura is moving towards gradually decentralizing its RPC layer, and to do this it requires the use of validated datasets provided by CQT. Erik Ashdown, Head of Ecosystem at CQ, added: “Infura is going in a completely different direction with the launch of DIN. By working with partners who have already optimized parts of their stack to better serve developers, this truly embodies the spirit of crypto and The saying ‘a rising tide lifts all boats’.”

1. SEC postpones decision on Hashdex Bitcoin Spot ETF application and Grayscale Ethereum Futures ETF conversion application; 2. New York Department of Financial Services announces stricter guidelines for the listing and delisting of cryptocurrencies; 3. CFTC Chairman Warning: Failure to Strengthen Regulation may lead to another FTX-style collapse; 4. Tether: The judge dismissed the class action lawsuit against Tether and Bitfinex, and the plaintiff gave up the appeal; 5. The Polygon ecological growth address distributed 217 million MATICs to 70 addresses in the past 12 hours; 6. Pyth Network : The PYTH airdrop will allocate 55 million new tokens to DeFi users; 7. Arthur Hayes: As the liquidity of the US dollar increases, risk assets such as Bitcoin will continue to surge; 8. The judge rejects the motion of FTX lawyers to delay bankruptcy proceedings; 9 . FTX was approved to pay the legal fees of non-U.S. creditor groups; 10. CertiK: A critical vulnerability in Solana Phone was discovered, and user assets could be stolen in tens of seconds; 11. Starknet: Yesterday’s bug caused the block production to stop for about 40 minutes, and it has been restored Normal; 12. Compound founder’s new company SuperState completed US$14 million in financing, led by Distributed Global and CoinFund; 13. Fintech company CFX Labs completed US$9.5 million in financing and will use the Solana network in the future; 14. Sei received strategic investment from Circle and integrated USDC; 15. Technology giants such as Microsoft and Tencent have cooperated with Consensys to strengthen the decentralization of the Infura network; 16. Binance Labs Operations Leader: Currently more focused on supporting startups that already have actual products and revenue.

Odaily News reported on November 15 that Microsoft, Tencent and 16 other Web2 giants have cooperated with ConsenSys to jointly fulfill the task of decentralizing the Infura network. The collaboration aims to strengthen the decentralization of the Infura network, which is key to preventing disruptions exploited by its Web3 services, including wallet service MetaMask. Andrew Breslin, senior product manager at DIN, said in an interview that the importance of the partnership is less about who they are and more about the high-profile companies working with Infura who want to decentralize every part of the blockchain infrastructure stack. layer. DIN is scheduled to be launched in Q4 as a solution to Infrua’s centralization problem. The network is currently controlled by Consensys, which means there is still a single point of failure. Breslin said that one of the first major features provided by DIN is “failover support” for the Ethereum and Polygon networks. Failover support means that in the event of an outage, traffic can be rerouted to one or more DIN partners, guaranteeing higher uptime in the long term. (Cointelegraph)

Odaily News Infura issued a document on the X platform stating that it has supported the Optimism test network on Sepolia. Developers can now move their test environments to this testnet and update the configuration of their services or DApps using the new Sepolia testnet API endpoints.

Odaily News Blockchain development toolkit Infura issued an article on the X platform stating that the Starknet Goerli 2 test network will be deprecated on October 2. It is recommended that Starknet developers update the configuration files or variables of services or DApps to use them in the Infura dashboard. Starknet Goerli API endpoint.

Odaily News Filecoin development team Protocol Labs has reached a cooperation with ConsenSys to support blockchain enterprises through the ConsenSys Scale program (formerly the Consensys Startup Program). The program, launching in 2022, aims to provide grants to 10 blockchain startups every quarter, allowing them to work with MetaMask, Infura and Linea while providing critical technical support, access to joint marketing resources, workshops, funding opportunities and broad ecosystem benefits. Scale is a 24-month program focused on DApps and blockchain companies in the seed and Series A funding stages. (PR Newswire)