TechFlow reports, on July 6, Ethlabs released its progress for the second week, stating that as the project enters the launch and financing phase, external communications continue to increase. The team indicated that it is advancing an asynchronous interoperability solution based on zero-knowledge technology to enhance cross-chain bridge security and asset distribution efficiency; specifically, L2 to L1 can utilize intents as a transitional solution, while L1 to L2 latency is expected to be improved through FCR.
Additionally, the team stated that PropAMMs has become a key topic in recent ecosystem discussions, with the market focusing on its potential in L1 execution optimization. Ethlabs also reiterated that ENS is critical infrastructure for Ethereum. In terms of organization and capital, the team has received over 300 job applications and indicated that this round of financing is nearing completion, seeking to bring in 1 to 2 anchor investors.
