EthLabs founder Barnab é Monnot has released a Week 2 update, focusing on Ethereum interoperability, research on PropaMMs, ENS infrastructure development, and team financing and recruitment. The team is enhancing the research and development of asynchronous interoperability based on zero knowledge proofs, and advancing the Fast Confirmation Rule to reduce the confirmation delay from L1 to L2. PropaMMs have become a recent research focus, and ENS is considered a critical infrastructure. EthLabs has received over 300 applications, processed about 20%, and aims to expand to around 10 people in the short term and around 20 people in the medium term. The financing is nearing completion, with support from BitMNR, Sharpnink, and Ethereum Joseph, and plans to introduce 1-2 more core investors.
