The launch of ChatGPT has sparked a renewed interest in artificial intelligence, which has also had a positive impact on the cryptocurrency market. Several altcoins in this field have seen gains of over 500% in recent months, and now another altcoin is rising in value due to a decision made by Sam Altman.
Ethereum’s Optimism Scaling Solution Witnesses Surge in Network Activities
Etherscan data reveals that the Optimism Mainnet, now transferred to the project founded by OpenAI’s CEO, experienced two instances of daily transaction volume exceeding 600,000 in July. L2Beat data shows that the layer2 network conducted a total of 15.95 million transactions in the last 30 days, averaging 6.12 transactions per second.
Worldcoin’s recent adoption of the Optimism platform aligned with a notable increase in transaction volume. The crypto project, backed by Sam Altman, announced the migration of World ID and World App to the OP Mainnet earlier this week.
User migration has commenced following the underlying technology transition, resulting in the Worldcoin protocol being integrated with Ethereum and bridges for Optimism and Polygon POS.
The Worldcoin Foundation expressed their optimism, stating that the move will enhance their capabilities by leveraging the features of Optimism on the OP Mainnet.
Worldcoin is actively pursuing the implementation of Superchain, and their migration to Optimism is a crucial step in this direction. Optimism Superchain comprises L2 chains called OP Chains, which share security, a communication layer, and an open-source technology stack to enhance network capabilities.
Optimism Ecosystem Advances with Zero-Knowledge Proof Implementation
Exciting developments are underway in the Optimism ecosystem as two proposals for zero-knowledge proof systems on OP chains received approval from O(1) Labs and RISC Zero.
This step paves the way for the network to have its own ZKP layers akin to Polygon and ZKSync, aligning with the growing focus on zero-knowledge proofs across various layer2 networks since the end of 2021.
Optimism ecosystem’s positive developments boosted OP Token’s price. Closing above $1.57 may propel the price above $2, with a medium-term target of surpassing $2.8.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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