Reef has launched a $10 million Accelerator Program for Web3 projects based in the Middle East. The program, managed by Reef Labs, aims to support, incubate, and invest in promising Middle East-based Web3 developers, teams, and projects building on the Reef Chain. This initiative seeks to drive Reef’s vision for growth, making it the de-facto blockchain in the MENA region.

Decentralized liquidity protocol Aave has deployed on Ethereum layer-2 scaling platform Metis, offering DeFi features and products to its ecosystem. Aave's community voted in favor of deploying on zero-knowledge proof EVM zkSync, allowing the protocol to access performance improvements from the scaling infrastructure. Aave has deployed V3 of its protocol on Optimistic rollup scaling protocol Metis, benefiting users across both protocols. Aave's Isolation mode increases the pool of collateral assets, while Gas Optimization reduces transaction fees. Aave has over $5.5 billion in total value locked in the protocol and has been deployed on various Ethereum layer-2 protocols.

The Campus Web3 Talks hosted by iPollo and BitMart successfully debuted at Stanford University on May 4, organized by the Stanford Blockchain Club.

Flare, the layer-1 Ethereum Virtual Machine (EVM) blockchain platform, has integrated its API portal on Google Cloud Marketplace. The integration will provide blockchain data from Flare's nodes and Connected Chain Nodes to developers and users of the software products and services platform. Blockchain APIs are useful for building cross-chain applications that query a variety of data sources.

The two companies will create a fun, engaging, and accessible blockchain gaming experience for all.

$10M Web3.0 Global Acceleration Program Initiates

EOS EVM is designed to complement Ethereum and accelerate mass adoption of the EOS Network.

EOS EVM is a compatibility layer that enables developers to run Ethereum smart contracts on the EOS blockchain.

April 9 (Cointime) - Yves La Rose, CEO of the EosNFoundation, announced that the EOS Ethereum Virtual Machine (EVM) has successfully passed its security audit conducted by security audit firm Sentinel. This paves the way for the much-anticipated launch of EOS EVM on April 14th, which is expected to significantly improve EVM performance.

IOTA, a popular blockchain platform, has released Shimmer, a new public test chain, ahead of the launch of its native Ethereum Virtual Machine (EVM). The release of Shimmer is designed to provide developers with a way to test and experiment with the new EVM, which is expected to improve the efficiency and functionality of the IOTA platform.