ZkSync Announces Working on Layer 3 for Ethereum

Matter Labs, developer of Ethereum scaling solution zkSync, announced that it is working on a Layer 3 chain called Opportunity.
 ZkSync Announces Working on Layer 3 for Ethereum
READING NOW ZkSync Announces Working on Layer 3 for Ethereum

Matter Labs, developer of Ethereum scaling solution zkSync, announced that it is working on a Layer 3 chain called Opportunity.

Still in early development, Layer 3 aims to further improve the scalability of zkSync’s blockchain infrastructure.

ZkSync Working on Layer 3

Opportunity will be an additional off-chain layer on zkSync’s Layer 2 mainnet. Layer 3, built on top of ZkSync, has a mission to help lower gas fees while increasing Ethereum scalability.

In a statement, Matter Labs noted that Opportunity, an EMV-compliant Layer 3, plans to launch in the first quarter of 2023.

The developer team plans to publish a proof of concept for Layer 3 in the first quarter of 2023.

The team’s move comes as it launches the first phase of zkSync 2.0, an EVM-compatible ZK-Rollup yet described as “baby alpha”.

Matt Labs isn’t the first team to consider launching Layer 3. Last year, StarkWare unveiled the concept and a planned ecosystem of multiple Layer 3s, each dedicated to various use cases.

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