The Web3 landscape continues to evolve rapidly, with major developments across blockchain infrastructure, tokenomics, and ecosystem expansions. This week brings significant updates from Chiliz Chain, Klaytn and Finschia’s merger into Kaia, and emerging innovations in re-staking protocols like Chakra. Whether you're a builder, investor, or enthusiast, staying informed on these shifts is crucial for navigating the dynamic Web3 terrain.
Chiliz Chain Mainnet Hard Fork & CHZ 2.0 Launch Set for May
One of the most anticipated upgrades in the sports and entertainment blockchain space is the upcoming Chiliz Chain mainnet hard fork, scheduled for May 2025. Alongside this technical overhaul comes CHZ Tokenomics 2.0, a redesigned economic model aimed at improving utility, sustainability, and user engagement.
The upgrade will introduce enhanced consensus mechanisms, reduced transaction fees, and improved interoperability with other Layer 1 and Layer 2 networks. More importantly, CHZ 2.0 aims to deepen fan token integration, allowing sports clubs and entertainment brands to offer richer on-chain experiences—from voting rights to exclusive NFT drops.
This evolution positions Chiliz not just as a fan engagement platform but as a scalable blockchain infrastructure for real-world asset tokenization in entertainment.
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Klaytn and Finschia Merge to Launch Kaia Mainnet in June
In a strategic move to consolidate South Korea’s blockchain ecosystem, Klaytn and Finschia have announced the completion of their merger, with the new Kaia mainnet set to go live in June 2025. The unified network aims to become the country's leading enterprise-grade blockchain platform, combining Klaytn’s high-performance architecture with Finschia’s robust DeFi and identity solutions.
Key features of the Kaia network include:
- Faster finality and lower gas costs
- Native support for enterprise dApps
- Interoperability bridges to global ecosystems
- Enhanced governance through decentralized validator nodes
The merger reflects a broader trend of regional consolidation in the blockchain space, where localized chains aim to capture market dominance by unifying resources, developer talent, and institutional partnerships.
Developers can expect early access programs and grant incentives to build on Kaia, particularly in areas like gaming, social platforms, and real-world asset tokenization.
Ternoa zkEVM Testnet Launches May 31
Privacy remains a cornerstone of Web3’s long-term vision, and Ternoa is stepping up with its zkEVM testnet launch on May 31, 2025. As a privacy-focused Layer 2 solution compatible with Ethereum Virtual Machine (EVM), Ternoa enables confidential smart contracts and private transactions without sacrificing scalability.
By leveraging zero-knowledge proofs, Ternoa allows users to transact and interact with dApps while keeping sensitive data hidden—ideal for use cases in healthcare, finance, and identity management.
The testnet rollout will be followed by bug bounties and developer workshops to encourage community participation and security audits before mainnet deployment.
dYdX Expands Market Offerings with ETHFI and WIF-USD
dYdX continues to strengthen its position as a leading decentralized derivatives exchange. Recently, the community proposed adding ETHFI—a token representing Ethereum improvement efforts—as a new perpetual market on dYdX Chain. The proposal has entered chain-based voting, reflecting dYdX’s commitment to decentralized governance.
Additionally, the community has voted in favor of listing WIF-USD, capitalizing on the growing popularity of dog-themed memecoins within the crypto ecosystem. While some question the long-term value of such assets, their inclusion highlights dYdX’s responsiveness to market demand and trader behavior.
These additions underscore a broader trend: decentralized exchanges are becoming more dynamic, adapting quickly to cultural shifts and speculative trends while maintaining robust risk controls.
Dune Denies Airdrop Rumors After X Account Breach
Data analytics platform Dune confirmed that its official X (formerly Twitter) account was compromised, resulting in a fake announcement about an upcoming airdrop. The team swiftly clarified that there are no current plans for token issuance or airdrops.
This incident serves as a reminder of the persistent threat of social engineering attacks in Web3. Even established platforms with strong reputations remain vulnerable to phishing and account takeovers.
Users are advised to:
- Verify information only through official websites
- Enable two-factor authentication
- Avoid clicking on unsolicited links
Security hygiene is no longer optional—it's essential for protecting digital assets in an increasingly interconnected ecosystem.
IO.net Addresses Technical Bugs in IO Cloud
IO.net, a decentralized cloud computing network powered by GPU resources, acknowledged technical issues in the current version of IO Cloud. Founder Shadid Rahman stated that the team is actively resolving bugs affecting performance and stability.
Despite these setbacks, IO.net continues to attract interest from AI startups needing affordable, scalable compute power. Its fusion of DePIN (Decentralized Physical Infrastructure Networks) with AI workloads makes it a compelling alternative to traditional cloud providers.
As demand for decentralized AI infrastructure grows, resolving these technical hurdles will be critical for maintaining trust and adoption.
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Bitcoin Re-Staking Protocol Chakra Secures New Funding
A notable development in Bitcoin’s expanding ecosystem is the recent funding round closed by Chakra, a Bitcoin re-staking protocol. Backed by prominent players including StarkWare, Chakra aims to enhance capital efficiency on Bitcoin by enabling staked assets to be reused across multiple security layers.
Re-staking allows validators to leverage their bonded tokens not just for consensus security but also for securing additional applications like rollups, oracles, and interchain messaging systems—similar to EigenLayer’s model on Ethereum.
With this investment, Chakra plans to:
- Launch its mainnet in late 2025
- Integrate with major Bitcoin L2s
- Expand developer tooling and SDKs
This marks a pivotal step toward transforming Bitcoin into a multi-layered, application-rich network beyond simple peer-to-peer payments.
Moonbirds Shifts Focus to Copyright Protection Post-Yuga Acquisition
Following its acquisition by Yuga Labs, Moonbirds has shifted strategic direction toward copyright protection. Previously known for its PFP (profile picture) NFT collection, the brand is now emphasizing intellectual property rights for holders.
Under the new framework:
- NFT owners retain full commercial rights
- Unauthorized commercial use will be actively monitored
- Legal support may be provided for IP enforcement
This aligns with Yuga Labs’ broader philosophy seen in Bored Ape Yacht Club (BAYC), where IP ownership is central to community value. It also responds to growing concerns over brand dilution and unauthorized merchandising in the NFT space.
Frequently Asked Questions (FAQ)
Q: What is CHZ Tokenomics 2.0?
A: CHZ 2.0 is an upgraded economic model for the Chiliz ecosystem, introducing better token utility, reduced inflation, and enhanced rewards for users participating in fan engagement activities on the Chiliz Chain.
Q: When will the Kaia mainnet launch?
A: The Kaia mainnet is scheduled to go live in June 2025 following the full integration of Klaytn and Finschia networks.
Q: Is Dune launching a token?
A: No. Dune has officially denied any plans for token issuance or airdrops after its social media account was hacked and false information posted.
Q: What is re-staking in crypto?
A: Re-staking allows users to reuse their already staked assets (e.g., BTC or ETH) to secure additional protocols or services, increasing capital efficiency across blockchain ecosystems.
Q: Why did Moonbirds change its strategy?
A: After being acquired by Yuga Labs, Moonbirds adopted a stronger IP-first approach, empowering NFT holders with full commercial rights while cracking down on unauthorized usage.
Q: Is IO.net safe to use despite reported bugs?
A: While current versions have known issues, the team is actively fixing them. Users should stay updated via official channels before deploying critical workloads.
Final Thoughts: The Web3 Momentum Builds
From protocol upgrades to cross-chain consolidations and privacy innovations, the Web3 ecosystem is maturing at pace. Projects are moving beyond hype-driven launches to deliver real utility—whether through better economics (Chiliz), unified infrastructure (Kaia), or advanced cryptography (Ternoa).
As capital flows into re-staking (Chakra), AI compute (IO.net), and IP-rich NFTs (Moonbirds), one theme emerges clearly: sustainability, security, and user empowerment are now at the forefront.
Whether you're building dApps or managing digital assets, staying ahead means understanding these shifts not just as isolated events—but as interconnected trends shaping the next phase of decentralization.
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