NEAR Foundation and Eigen Labs have reached a cooperation to jointly develop the Layer2 project EigenLayer
NEAR Foundation announced a partnership with Eigen Labs to achieve faster and cheaper Web3 transactions through EigenLayer for Ethereum rollups. EigenLayer aims to become the world's first "fast finality layer" for Ethereum Layer2, and the team says that transaction times on this network will be shortened to 3-4 seconds, and the cost of transactions conducted on it will be 4,000 times cheaper than current costs.
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