Binance CEO Changpeng Zhao has said that regulation, rather than lack of clarity, is a better option for the crypto industry. However, he added that regulation by enforcement is bad.

Sei Labs, a blockchain start-up, is building a new layer-1 blockchain for trading, which is set to launch later this year. The company has raised $50m for its ecosystem fund, bringing its valuation to $800m. The investment was made by crypto exchange Bitget and venture firm Foresight. Sei's founder, Jayendra Jog, said that the company's value proposition is its exchange infrastructure, focusing on speed and the number of orders that can be processed per second. Sei aims to launch its mainnet around the end of June and has over 120 projects building on it ahead of the launch. Despite the recent popularity of layer-2 solutions built on top of existing blockchains like Ethereum, Sei decided to build a new blockchain because it believes layer-2s will not develop quickly enough to support sufficient transaction speed.

In this report, we will provide a detailed introduction to ZetaChain's cross-chain mechanism, and make a detailed comparison between existing cross-chain technologies and ZetaChain's Omnichain functionality to guide readers in-depth understanding ZetaChain.

OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, today announced a strategic investment in Cosmos-based DeFi Layer 1 blockchain Sei Network.

Sei Labs, a contributor to the Sei blockchain, has raised $30m in a funding round led by Jump Crypto, Distributed Global, Multicoin Capital, Asymmetric, Flow Traders, Hypersphere and Bixin Ventures. The funds will be used to expand Sei's footprint in the Asia-Pacific region and to gain strategic partners. The open-source Sei blockchain is focused on asset trading and is optimised to allow decentralised exchanges and trading apps to offer users a fast, scalable user experience. Its public testnet has attracted more than 3.6 million unique users since it went live on 13 March.

As blockchain technology continues to witness rising real-world adoption, the focus on scalability, fast transaction speeds and low transaction fees will drive developments across both L1 and L2 scaling solutions.

Radix, a Layer 1 blockchain network that claims to provide a "radically" better developer and user experience, said Thursday it reached a $400 million valuation in a new $10 million funding round.

Klaytn, the leading layer 1 blockchain from South Korea, is set to undergo a series of changes to its governance system and its tokenomics.

Router Protocol happens to have been successful in the development of a Layer-1 blockchain. This was made possible with the effective utilization of the Cosmos’ Tendermint Consensus. This was carried out with the aim and intention of being able to correctly address issues related to extant problems that occur in blockchain interoperability. 

Five years on from its inception, fan token platform Chiliz has launched its own layer-1 Ethereum Virtual Machine (EVM) compatible blockchain ecosystem to support its growth.