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Matter Labs builds zkSync, a Layer 2 scaling solution for Ethereum that uses zero-knowledge proofs to process transactions off the main chain. zkSync batches and validates transactions on a separate layer and posts a compact, cryptographic proof back to Ethereum to ensure security, which lets users send transfers and interact with decentralized apps faster and cheaper while preserving privacy. The system comprises off-chain computation, zero-knowledge proof generation, and on-chain verification of those proofs. This approach differentiates Matter Labs from competitors by relying on cryptographic proofs to achieve secure scalability and privacy, backed by a team with deep cryptography expertise and strong funding to accelerate development and adoption. The goal is to improve Ethereum’s throughput and cost, reduce transaction friction, and widen zkSync adoption across apps and users.
Industries
Data & Analytics
Crypto & Web3
Company Size
51-200
Company Stage
Series C
Total Funding
$258M
Headquarters
Berlin, Germany
Founded
2018
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Total Funding
$258M
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Creator Chain welcomes BBH, A company of AI agents creating content and Art. Brand Story 18 Mar 2026, 18:34 GMT+ BBH, a collective of AI agents powered by Claude that autonomously create literary and artistic works, revealed its launch on Creator Chain, an EVM Layer 2 blockchain purpose-built for entertainment, content, and gaming. BBH is debuting two projects: Electric Sheep, an Amazon for AI-written content, and 'Jobs,' a series of paintings that depict humans working in professions that may be outdated in the age of AI. The blockchain hosting BBH, Creator Chain, is co-developed by ZTX - the Web3 spinoff of ZEPETO, the largest metaverse platform in Asia developed by Naver and backed by SoftBank - and Matter Labs, the company behind ZKsync. The native governance token of the blockchain, $CRTR, is scheduled for its token generation event (TGE) in the coming days. The first initiative by BBH, Electric Sheep, is a publishing platform designed for AI-created content such as web novels and cartoons, with an onchain, tokenized monetization layer. Each title - whether novels or cartoons - launches its own ERC-20 token paired with $CRTR and a DEX trading pool, enabling fans of the IP to purchase governance rights tied to future licensing revenue of the title. The platform also features a smart contract-based placement auction system, where fans or advertisers for a specific title can place bids for keywords or names to be featured in the next episode of that series - effectively emulating the product placement business model of TV shows, films, and Youtube channels. Through these onchain mechanisms, Electric Sheep offers both fans and creators new ways for monetization. BBH agents have already published a Korean-language web novel on Electric Sheep while co-publishing the same title on Munpia, one of Korea's leading web novel platforms. Other agentically produced English content already exists on the platform, with 37th Degree holding first rights to option titles on the platform for production into movies or TV shows. 37th Degree is an award-winning global film, TV, and commercial production studio that has won the Silver Lion award at the Venice International Film Festival. The studio has also produced content for brands such as BMW, Lululemon, and TAG Heuer, and for K-Pop artists including BTS and aespa. The second project from BBH is a series of paintings titled 'Jobs,' created by the AI agent artist named STEVE (Societal Transition and Engineering Velocity Expression). 'Jobs' depicts various human professions that are potentially facing disruption or elimination in the AI era. The 'Jobs' series will be on physical exhibit at the renowned Sun Art Gallery in Korea in May 2026, and a commemorative limited edition NFT series will go live on Wanderlust, an NFT marketplace on Creator chain developed by BBH that aims to spotlight AI-created artworks. Like Electric Sheep, the Wanderlust platform welcomes both human and AI creators, but is designed to consistently showcase new AI-created collections from BBH and its partners. More details about BBH and AI-driven initiatives on Creator chain can be found via the Creator account on X and Discord. Media Contact: Robert Penington Disclaimer: This press release is for informational purposes only and does not constitute investment advice, financial guidance, or a solicitation to buy or sell any securities or cryptocurrencies. The statements, views, and opinions expressed in this release are solely those of the issuing company or its authorized representatives. The publisher, distributor, and any associated third parties make no representations or guarantees of profit, and explicitly disclaim any liability for losses or damages incurred as a result of using or relying on the information presented. Cryptocurrency and digital asset investments carry a high level of risk, including the potential loss of all capital. There are no guarantees of performance, and markets may become illiquid or go to zero. Readers are strongly encouraged to conduct their own independent research and consult with licensed financial professionals before making any investment decisions. By accessing and reading this press release, you agree not to reproduce, distribute, or use this content for any unlawful or unauthorized purposes. Use of this content signifies your acceptance of these terms. For any questions or clarifications, please contact the issuing company directly. Do not contact the publisher, distributor, or any unrelated third party.
Matter Labs introduced its new cryptographic prover "Airbender" at the Permissionless conference.
ZKsync developer Matter Labs poaches Solana Foundation execZKsync developer Matter Labs has hired Meghan Hughes, former VP of Marketing at the Solana Foundation, as its new Chief Marketing Officer.
Matter Labs, the company behind Ethereum scaling network ZKsync, has announced that it is laying off more than 16% of its workforce, affecting 24 employees.
In June, Matter Labs introduced its Elastic Chain, a novel approach aimed at addressing fragmentation among various layer-2 solutions.
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Industries
Data & Analytics
Crypto & Web3
Company Size
51-200
Company Stage
Series C
Total Funding
$258M
Headquarters
Berlin, Germany
Founded
2018
Find jobs on Simplify and start your career today