On July 23, 2024, the S-1 filing of the ETH spot ETF officially landed in the U.S. capital market, and the market also expected that the ETH ecosystem would usher in a new prosperity and explosion. As the mainstay of the cryptocurrency ecosystem, Ethereum is not only the cornerstone of many applications, but also the forefront of global blockchain technology.
However, the increasingly serious transaction congestion and high gas fees are plaguing this ecosystem. In this situation, the Layer 2 expansion solution came into being, aiming to break through the performance bottleneck of Ethereum. During the 2023 bear market, the Layer 2 solution won wide attention from the capital market and continued to raise funds due to its excellent performance and unlimited potential.
Lambda keeps up with market demand and has upgraded its brand strategy from the original consensus network to the Layer 2 network based on OPStack. This upgrade not only improves the infrastructure capabilities, but also deeply integrates Lambda into the Ethereum ecosystem. The new Ethereum Layer 2 blockchain will better support Rollups and AI applications, with a particular focus on the persistent availability of data, providing users with a more stable and efficient experience. The Lambda Foundation recently announced the launch of the Bifrost Pool and Odyssey Airdrop activities to give back to supporters and users. The creation of the Lambda L2 public blockchain is committed to building a new social and storage ecosystem to bring new experiences and rewards to users.
Bifrost Pool, tapping into the potential of asset maximization
The Lambda Foundation continues to innovate to ensure that users can maximize the initial quota and other benefits brought by staking $LAMB. To this end, Lambda launched the Bifrost Pool event, which is committed to providing users with a safe and efficient financial experience through a series of innovative mechanisms.
1. Efficient asset management strategy: When users stake $LAMB tokens through an efficient asset management strategy, they can delegate $LAMB to node operators, who will return the staked certificates to the stakers.
2. Dual-currency PoS hybrid consensus mechanism: Dual-currency PoS is an innovative hybrid consensus mechanism where each validator can accept both $LAMB and related subscription tokens. This system expands the stakeholder base and adds an extra layer of resilience and security to the network consensus structure. This mechanism not only improves the decentralization of the network, but also enhances the overall network stability.
3. Liquidity Custody: Lambda introduces the concept of liquidity custody, which allows collateral assets to maintain liquidity while providing more opportunities to earn returns. In this way, users can maximize their asset returns without sacrificing liquidity.
4. Smart contract security: Bifrost Pool uses the most advanced smart contract technology to ensure the transparency and security of every transaction and staking process.
5. Real-time revenue monitoring: Users can monitor revenue in real time through Lambda’s exclusive platform, understand their investment returns at any time, and make the best decision.
6. Community Support and Education: The Lambda Foundation is committed to providing comprehensive community support and educational resources to help users better understand and utilize the various features of Bifrost Pool and improve their investment skills and blockchain knowledge.
On July 18, 2024, the Lambda Foundation launched the first Bifrost Pool lossless staking event, where participants purchased $LAMB tokens through centralized exchanges and safely transferred them to any EVM-compatible wallet address. Once the holdings reach or exceed 80,000 tokens, the qualification to participate in the event will be automatically unlocked.
During the event, the official will take multiple snapshots at random times to capture the $LAMB token holdings in each participants wallet. Based on these snapshot data, precious Genfiy token rewards will be distributed to qualified wallets in proportion.
Genify: A dazzling stage for global generative art
Since its launch in 2021, Genify has quickly emerged as the worlds leading generative art distribution platform, with the support of investors such as Multicoin Capital. Genify spans multiple public chains such as Ethereum, BASE, Lambda, and Conflux, providing artists with a broad space for creation and display.
The platform brings together more than 100 talented artists, jointly launching hundreds of thousands of NFT assets, and attracting the keen attention of more than 100,000 collectors from all over the world. Artists from Taiwan, Japan, France, Brazil and China complement each other on the platform. Their works have not only won the favor of internationally renowned collectors such as 6529, AC, Han, but also inspired enthusiastic interactions on social media by artists such as GrantYun.
After more than three years of steady operation, Genify has accumulated nearly 80,000 active addresses on the EVM-compatible chain and 20,000 loyal users on the Bitcoin network, proving its deep market foundation and wide user recognition. It is worth mentioning that Genify has successfully landed its physical collectibles business in Hong Kong, which not only won the strong support of Zheng Zhigang, a heavyweight in the Hong Kong art world, but also attracted strategic investment from TikTok executives.
Entering 2024, Genify supports artists to release works on the Bitcoin network. Founder Shaun 8149s masterpiece BOB, as the first generative art work released by the Bitcoin network, sold out all 10,000 copies in a very short time. So far, Genify has successfully released ten works on the Bitcoin network, among which masterpieces such as GHOST have achieved a nearly 100-fold increase in the secondary market.
Genify is not only a platform, but also a bridge between artists and collectors. The platform selects works on Bitcoin, Ethereum and Conflux through curation and invitation, and opens sandbox tools on Lambda and BASE. Its primary distribution business inherits the glorious tradition of Artblocks, and after Artblocks closed, it has grown into one of the leaders in the global generative art distribution business. Especially in the field of distribution and trading of the Bitcoin network, Genifys data has grown rapidly.
Genify not only provides a platform for display and trading, but also provides a space for artists and collectors to interact and create together. Whether through curatorial activities, invitation-based selection of works, or open sandbox tools, Genify is constantly promoting the development and popularization of generative art.
Odyssey Airdrop Open
Launching a new social and storage ecosystem through Odyssey Airdrop, in order to create the next generation Lambda L2 public blockchain, the Lambda Foundation will build a new social and storage ecosystem to bring users a brand new airdrop experience. Through this innovative mechanism, you only need to complete the following two steps to receive $LAMB airdrop rewards.
1. Follow Lambda’s official social media accounts:
Follow the Lambda Foundation’s official Twitter account and Telegram account to get the latest event information in time.
2. Participate in social tasks:
Interact on Twitter: forward, comment, and like official tweets. Join the Lambda official Telegram group and complete the specified tasks. After completing the above two tasks, you will receive multiple rounds of $LAMB token airdrop rewards.
In addition, Lambda officials said that they will launch more ecological projects in succession to empower $LAMB and further expand its application scope and influence. The goal of the Lambda Foundation is to create a secure, efficient, and scalable blockchain ecosystem to provide users with richer and more diverse application scenarios.
learn more
Official website: https://portal.Lambda.im/
Twitter: https://twitter.com/Lambdaim
