NEAR Foundation and Eigen Labs partner to enable faster, cheaper Web3 transactions for Ethereum rollups via EigenLayer
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Friday, November 10, 2023
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LISBON, Portugal, Nov. 10, 2023 /PRNewswire/ -- NEARCON: The NEAR Foundation and Eigen Labs today announced a collaboration to build a fast finality solution that will soon power faster, less expensive transactions for Ethereum rollups, including cross-rollup transactions––a first of its kind in Web3.
Key Points:
- The NEAR Foundation and Eigen Labs teams are working together to build the first-ever "fast finality layer" for Ethereum rollups, which enables transactions to be processed within 3-4 seconds––rather than minutes, hours, or even days––and 4000x cheaper than the current options.
- Illia Polosukhin, co-founder of NEAR Protocol, said: "NEAR Foundation is proud to partner with such an excellent team as Eigen Labs to offer a fast finality layer for ETH rollups.
- Sreeram Kannan, founder of Eigen Labs, said: "We are thrilled to partner with the highly innovative team behind the NEAR protocol.
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