Cronos (CRO) Introduces zkEVM and Expands Ecosystem Initiatives

In
a
significant
development,
Cronos
(CRO)
has
unveiled
its
latest
blockchain
innovation,
the
Cronos
zkEVM,
which
integrates
zkSync
technology
to
enhance
security
and
efficiency
in
cross-chain
interactions.
The
new
zkEVM
will
be
connected
to
the
Ethereum
mainnet
through
a
shared
bridge,
according
to

Cronos.

zkEVM
Testnet
and
Community
Engagement

Following
the
launch
of
the
Cronos
zkEVM
Tethys
testnet,
Cronos
initiated
a
series
of
testnet
quests
on
Galxe,
which
concluded
on
June
30.
The
community
engagement
activities
are
set
to
continue
with
the
announcement
of
loyalty
scores
through
the
“Cronos
zkEVM
Pioneer
Program,”
CRO
deposits
before
the
mainnet
transition,
and
mainnet
quests.

Veno
Finance
and
Ebisu’s
Bay
Updates

Veno
Finance
has
launched
a
new
event
celebrating
the
release
of
Liquid
TIA
staking
on
the
Cronos
chain.
Users
who
stake
at
least
$10
worth
of
TIA
and
complete
Gleam
event
tasks
can
participate,
with
the
event
running
until
July
8.

Meanwhile,
Ebisu’s
Bay
has
airdropped
600,000
RTN
tokens
to
its
initial
DEX
users
and
started
an
event
rewarding
rare
NFTs
to
airdrop
recipients
and
LP
providers.

Wolfswap
and
Earn
Network
Announcements

Wolfswap
concluded
its
fourth
reward
campaign
season,
showcasing
impressive
statistics
with
an
average
of
420
daily
users
and
a
total
trading
volume
of
$22
million.
Season
5
is
scheduled
to
kick
off
on
June
24.

Earn
Network
has
also
expanded
its
product
offerings
on
the
Cronos
EVM
blockchain,
announcing
upcoming
news
and
developments.

Additional
Ecosystem
Updates

Minted
Network,
in
collaboration
with
Earn
Network,
announced
“the
Golden
Tree
of
Fortune.”
LILLIUS
introduced
LILLI
NFT,
offering
exclusive
access
and
$LLT
token
rewards.
CroSkull
NFT
began
its
Season
8
adventure
for
Croskulls
staking.

New
America
NFT
is
nearing
the
early
playtest
for
its
Web3
game
HyperCity,
scheduled
for
July.
Mad
Meerkat
NFT
plans
to
release
a
new
mini-game,
Jumpy
Meerkat,
next
month
and
continues
its
Mad
Meerkat
Arena
community
challenge.

Cr00ts
is
preparing
for
the
launch
of
version
3.0,
which
includes
new
play
styles,
animations,
maps,
and
characters
from
partner
projects.
Corgi
Studio
has
enhanced
its
launchpad
features
in
Cronos’s
Creator
Lounge,
while
FuryBrawl
is
integrating
AI
and
3D
characters
into
its
Web3
game
on
Cronos
EVM.

LOAF
and
Other
Project
Initiatives

LOAF
introduced
several
initiatives,
including
the
release
of
the
ToastOff
game,
a
$500
LOAF
token
giveaway
event,
and
weekly
$200
LOAF
rewards
for
active
users.
The
community
engagement
aims
to
boost
participation
and
rewards
within
the
LOAF
ecosystem.

Crow
with
Knife
(CAW)
partnered
with
Wolfswap,
directing
half
of
Wolfswap’s
trading
fees
during
a
specific
period
to
CAW’s
treasury.
Misteryoncro
(MERY)
launched
an
educational
blog
with
memesoncronos
and
announced
support
from
KyberNetwork.

Fortune
Favors
The
Bozos
now
allows
users
to
purchase
NFTs
from
over
30
collections
using
tokens.

Further
Developments

Cronos
has
onboarded
Exaion,
a
subsidiary
of
Europe’s
largest
power
group
EDF,
as
the
latest
blockchain
network
validator.
Additionally,
the
Cronos
Accelerator
program
highlighted
its
latest
cohort’s
demo
day,
providing
valuable
insights
to
users
and
startup
founders.

For
those
interested
in
featuring
giveaway
campaigns
or
product
launches
in
the
monthly
newsletter,
Cronos
Labs
can
be
contacted.

Image
source:
Shutterstock