ChainCatcher news, the RWAFi platform BrickBank has officially announced its rebranding to R2 Protocol. It is reported that R2 aims to create a new generation of stablecoin yield protocols, integrating RWA (real-world assets), TradFi (traditional finance), and DeFi (decentralized finance) to achieve efficient linkage and comprehensive empowerment of on-chain and off-chain funds.The core product of the R2 protocol is its upcoming yield-bearing stablecoin R2USD. This stablecoin will serve as the value hub within the system, combining stability and yield, and will engage in deep cooperation with compliant traditional financial institutions, aiming to provide users with a new on-chain asset yield experience of "stability + appreciation."According to official sources, R2 will officially launch its testnet in early April, at which time users can deeply experience the core functions of the protocol and have the opportunity to receive early participation rewards.

ChainCatcher news, Layer2 protocol Intmax announced the release of Plasma Next, representing a paradigm shift in how blockchain networks can achieve scalability without compromising decentralization. By leveraging the power of batch token transfers and Merkle trees, and integrating ZKP-TLC for conditional payments, it introduces a system where the state of each block continuously grows. This innovative approach eliminates the need for users to provide personal liquidity or remain continuously online, thereby enhancing user experience and network efficiency. Intmax states that this Plasma can avoid the stateless impossibility proven by a16z researchers.

ChainCatcher news, Element has integrated the Layer2 protocol zkSync. Element founder Wang Feng tweeted, welcoming zkSync's NFTs, DEX, domains, social, dApps, and games to collaborate with Element.zkSync is a Layer2 protocol for scaling Ethereum payments and smart contracts, and it is the technical solution adopted by the team Matter Labs, which builds Ethereum's ZK Rollup scaling solution.Element is a community-driven aggregated NFT trading market that provides users with high liquidity, low fees, powerful trading tools, and smart and instant data services.

ChainCatcher news, the decentralized blockchain infrastructure platform Syscoin has partnered with the Asian Web3 incubator WEconomy to accelerate the expansion of its Asian ecosystem, and plans to launch the layer2 protocol Rollux in the first quarter of 2023. Syscoin stated that Rollux is the first EVM-compatible layer2 rollup suite, ready for mainnet launch.It is reported that WEconomy currently has 70 startup projects and DAO organizations, most of which are from mainland China, Taiwan, and Vietnam, and it is expected to expand to about 100 projects through the partnership. Many projects in the WEconomy incubator have already prepared for the launch of Syscoin's layer2 protocol Rollux by deploying Syscoin's Layer1 NEVM and its layer2 Rollux testnet. (source link)