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TOKEN2049 Dubai Hailed as an Outstanding Success, With 10,000 Attendees

ZK systems will have their ChatGPT moment: Telos Foundation

[PRESS RELEASE – Hong Kong, Hong Kong, May 8th, 2024]

Telos today announced it has accepted a strategic investment of $1 million USD from Presto Labs, a leading Asia-based venture capital firm and liquidity provider with an established track record in algorithmic trading. The capital raise signals the start of a long-term partnership between the two organizations, with the funds being allocated to the development of the new SNARKtor-powered Ethereum Layer 2 zkEVM network being developed by Telos. The capital will also help incubate the growth of SNARKtor Labs, Telos’ Hong Kong-based business unit focused on the acceleration of Telos’ ZK-proving technology infrastructure. The SNARKtor Labs corporate mandate stipulates that its interests must be fully aligned with that of the TLOS token in so far as it drives value to the token, directly or indirectly. Any profits the entity earns will be used to buy and hold TLOS on its balance sheet.

Telos and Presto Labs’ teams will work together with a special focus on the Asia Pacific region, which has become a hub for Web3 innovation and investment. Executive Director John Lilic unveiled plans for Telos’ new zkEVM L2 during his recent keynote speech at TOKEN2049 in Dubai, where Telos was one of the event’s title sponsors. Presto’s investment will help expedite the completion of the L2, which Telos is co-developing with leading ZK research firm, Ponos Technology.

“Presto Labs is one of the best in the world at what they do and partnering with them is going to be of great benefit to the Telos team and community. We are very fortunate and grateful for the opportunity,” said Lilic on the new alliance. “Our organization looks forward to deploying this new capital efficiently to enhance the growth of our new network, and to bolster the impact that SNARKtor Labs can have as we work to educate the world on the effectiveness that ZK technology can have at scale.”

Presto Labs was founded in Singapore in 2014 and has since provided funding for many leading pioneers in the blockchain development space. The Presto team views Telos’ recent innovations in the ZK-proving space, starting with SNARKtor, to be a leading indicator of the powerful role the project can play in the years to come when it comes to this nascent technology.

“We always take a data-driven and technology-focused approach, and we were extremely impressed with what Telos is building and wanted to be a part of it,” said Presto Labs co-founder Yongjin Kim. “This is the start of a long-term partnership between our two teams that can play a significant role in the mainstream adoption of blockchain through technology that has practical global use cases like the new network Telos is building.”

Telos launched in 2018 through a fair drop network launch that did not include a token sale or ICO. Since its inception, the Telos Foundation has helped oversee two primary networks, Telos EVM and Telos Zero, and is now also focused on working with partners like Presto Labs to develop a highly performant and succinctly provable SNARKtor-powered L2 zkEVM. Telos and Presto Labs’ new partnership will also include additional initiatives largely concentrated in Asia, where a significant portion of the two entities’ work will be based out of.

About Telos Telos is a decentralized blockchain ecosystem launched in 2018 without any ICO or VC funding that includes Telos EVM, the world’s fastest EVM, and Telos Zero, a high-speed native consensus layer. An upcoming hardware-accelerated zkEVM Layer 2 on Ethereum is also in development and will be powered by SNARKtor, a scalable and robust protocol for decentralized recursive proof aggregation that aims to enhance data protection and scalability for global use cases. Telos’ core mission of bringing self sovereignty worldwide is overseen by The Telos Foundation, an ownerless foundation dedicated to advancing the Telos blockchain network and its community.

About Presto Labs Presto is a Singapore-based algorithmic trading and financial services firm founded in 2014. Presto focuses on delivering exceptional value for clients through a rigorous research-driven approach to investment and trade execution. With more than a 100 million trade executions in a day, Presto is a leading financial services firm in both digital assets and traditional finance markets.

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Alchemy Pay, the leading fiat-crypto payment gateway, has entered a transformative partnership with Telos. It is Layer 0 network redefining the industry with its groundbreaking Zero Knowledge technology. They will launch a fiat on-ramp for the direct purchase of $TLOS. The collaboration will significantly simplify the direct procurement process for millions of users.

— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) May 10, 2024 Telos Expands Payment Options with Alchemy Pay Integration for $TLOS The integration of the Alchemy Pay solution On-Ramp within Telos’s platform further simplifies the purchasing process for users. Users can now easily purchase $TLOS through Telos’s website’s lane “Buy Telos,” which has been expanded to include an Alchemy Pay ramp page. The payment can be made via a variety of payment methods, including Visa, Mastercard, popular mobile wallets, and domestic bank transfers. Additionally, this integration enables full regulatory compliance by providing users in 173 countries facilitating over 50 fiat currencies access to $TLOS.

This partnership between Alchemy Pay and Telos will undoubtedly become more positive in terms of user experience. Telos, a next-generation Delegated Proof of Stake DPOS Layer-1 blockchain network, will benefit extensively from the partnership due to the worldwide reach and influence of Alchemy Pay.

As a result, Telos will utilize solutions from Alchemy Pay to improve blockchain access to users worldwide, leading to faster adoption and use of the network. Telos possesses an unrivaled degree of compatibility for developers, offering a variety of tools and complete development onboarding to develop and deploy smart contracts on Telos EVM. Moreover, Telos has strong and durable governance features and a lively community; thus, $TLOS the digital currency was launched using a fair and decentralized distribution.

Alchemy Pay’s Global Presence Revolutionizes Cryptocurrency-Fiat Integration Besides that, Alchemy Pay specializes in providing the solutions that help integrate cryptocurrency and fiat payments to make it for an average person. Thus, it has a global footprint across 173 countries and over 300 payment channels, allowing Alchemy Pay’s checkout options to go beyond credit cards and support local mobile wallets and bank transfers.

Additionally, partnerships with Visa and Mastercard speak for the well-established operations in the traditional payment space. Ultimately, the extensive licensing outlines Alchemy’s commitment to regulation with licenses across the UK, the US, Canada, Indonesia, Lithuania, and a new MTL license in New Hampshire USA.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

ETH Belgrade 2024: A Celebration of Ethereum Innovation and Community

The highly anticipated Zebu Live, the UK’s largest Web3 conference, is returning 10th-11th October 2024.

Organized by Flight3, a renowned Web3 marketing agency owned by Dragons’ Den star Steven Bartlett, this year’s event promises to be an unparalleled experience, featuring industry giants like Coinbase, Solana, and Blockchain.com. Attendees can look forward to an inspiring lineup of speakers, including Steven Bartlett, Raoul Pal, Lord Holmes, and John Lilic.

Building on the phenomenal success of Zebu Live 2023, which attracted over 3,000 attendees and featured more than 200 speakers, the 2024 conference is set to raise the bar even higher. This year, Zebu Live will once again transform London into the epicenter of the global Web3 community, offering a unique platform to inspire, educate, and connect. 

As a key event of London Web3 Week, Zebu Live 2024 integrates seamlessly into a broader celebration of blockchain innovation and digital assets.

Zebu Live is the cornerstone event of London Web3 Week, the UK’s leading blockchain gathering that is expected to bring 5000+ Web3 professionals from across the globe for the week.

London Web3 Weeks comes as the UK is solidifying its position as a key digital asset hub, major players like Coinbase and a16z are spearheading initiatives such as Stand With Crypto to support progressive digital asset policies and accelerate innovation.

Zebu Live 2024 brings together pioneers within the Web3 ecosystem including:  Solana: Renowned for driving mass adoption through consumer apps, Solana continues to lead with its innovative solutions as seen in recent advancements such as Blinks (Blockchain Links)

Holochain: With its unique approach to decentralized computing, Holochain is redefining data integrity and peer-to-peer interactions.

Blockchain.com Pay: Is thrilled to announce the latest update, offering the fastest user onramp in crypto, with access to over 40 million KYC’d users. Sign up and make your first purchase in seconds, without needing a driver’s licence or passport. Trusted by industry leaders such as Metamask, TRON, and many more.

Telos: Leading layer 0 utilising zk technology, Telos is pushing the boundaries of privacy and security in the blockchain space.

Special Projects and CSR PartnershipsZebu Live 2024 will host its renowned pitch competition, which last year drew over 150 applications, featuring top-tier VCs and the CoinTelegraph Accelerator to spotlight the most promising up-and-coming projects. Additionally, the event will feature initiatives like Blockchain for Her and a partnership with Bitget for charitable causes, highlighting recent developments and impactful projects.

“Last year was about surviving the bear market, but as we return for our 4th year, we’re thrilled to shine a spotlight on London and everything this incredible city has to offer. We’re excited to bring the community together and celebrate our shared passion for Web3.” – Harry Horsfall, CEO of Zebu Live

Zebu Live 2024 is an unmissable event for anyone passionate about the future of digital assets and blockchain technology. Don’t miss your chance to be part of this transformative experience in London.

For more information and to register for Zebu Live 2024, please visit website.

About Zebu LiveZebu Live is London’s premier Web3 event, bringing together over 3,000 Crypto, DeFi, and NFT professionals to discuss the future of the decentralised world. Leading sponsors include zkSync, Coinbase, Binance, Animoca Brands, Ledger, Solana, Telos, Warner Records, and more. 

The Telos Foundation is announcing a significant leadership transition. After a successful tenure, Lee Erswell will step down as CEO, and John Lilic, who has served as the Foundation’s Executive Director since January 2024, will take on the role of Chief Executive Officer.

John has been an active and visible leader within the Telos community, representing the Foundation at global events, driving strategic initiatives, and playing a key role in its growth. This transition marks an exciting new chapter for Telos as it continues to evolve and thrive in the decentralized technology landscape.

Reflecting on Lee Erswell’s Tenure Under Lee Erswell’s leadership, Telos has achieved significant milestones, positioning itself as a leading player in the blockchain industry. With the EVM 2.0 upgrade on the brink of going live—offering significant compatibility and stability enhancements—along with major strides in zero-knowledge proofs, the future of Telos has never looked brighter. Lee also oversaw the development and launch of Tekika, further strengthening Telos’ commitment to innovation and growth. His focus on scalability, security, and sustainability has laid a strong foundation for the platform’s continued success.

Reflecting on his time as CEO, Lee Erswell stated, “As I step down from my role as CEO, I am incredibly proud of what we’ve accomplished together. The innovations we’ve set in motion, like EVM 2.0 and ZK-proof technology, are pivotal steps in Telos’ journey. I am confident in John Lilic’s ability to lead the Foundation forward, and I look forward to supporting a smooth transition.”

Introducing John Lilic as CEO John Lilic, who has served as the Telos Foundation’s Executive Director since January 2024, brings extensive blockchain expertise to his new role as CEO. Prior to joining Telos, John played instrumental roles at ConsenSys and Polygon, where he contributed to the development of the Ethereum ecosystem and advised on Polygon’s rise as a leading scalability solution.

In addition to his technical achievements, John is recognized as one of the top 50 web3 angel investors globally. His experience and leadership have already been critical in driving Telos’ strategic growth, and he is well-positioned to guide the Foundation through its next phase.

At Telos, John will focus on: Transitioning Telos into a community owned Venture Production studio with a multitude of products in service of its community and expanding utility for the TLOS token. These include an L1, EVM, L2, accelerating ZK research and development, SNARKtor, and building Telos X, our own CEX powered by the Binance Link program. It is no longer sufficient to just be an L1 but rather we must create our own ecosystem and build our own suite of products in services of the Telos community.

John Lilic commented,

“My focus is to evolve Telos into a pre-eminent blockchain venture product studio, community owned, with a multitude of products and services, like Telos X, in support of our ecosystem. We will become more than just an L1.” Views from Telos Leadership Lee Erswell:

“The Foundation is in excellent hands with John at the helm. His deep understanding of the blockchain industry, coupled with his passion for Telos, will drive the platform to new heights. I am excited to see the community continue to thrive under his leadership. Thank you all for your trust and dedication—let’s continue to push Telos forward.” Raul Amoros:

“I am thrilled to welcome John as our new CEO. Over the past nine months, I’ve had the privilege of working closely with him and have witnessed firsthand his unmatched passion and dedication to Telos. I look forward to continuing our collaboration and am excited to work even more closely under his leadership.” John’s Message to Telos Stakeholders

The Telos Foundation extends its sincere gratitude to Lee Erswell for his outstanding leadership and dedication over the past year. His contributions have been instrumental in shaping Telos’ future. The Foundation looks forward to continuing its growth and innovation under John Lilic’s stewardship. We encourage our community and stakeholders to stay engaged and join us as we enter this exciting new phase of development.

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Telos, a decentralized 3rd-generation blockchain ecosystem, has announced a new partnership with Fireblocks. The partnership focuses on offering institutional-grade blockchain innovation with improved accessibility and security. The platform disclosed this endeavor in its recent X post.

https://twitter.com/HelloTelos/status/1866133795176350048?t=my8DAdWVNK5HSl0rUEh-wg&s=19

Telos Partners with Fireblocks to Provide Institutional-Grade Custody and Accessibility Telos mentioned that, through this collaboration with Fireblocks, it intends to harness enterprise-grade custody and wallet technology to increase accessibility. Businesses and institutions can now benefit from the state-of-the-art infrastructure of Fireblocks to enjoy several features. They take into account secure custody, seamless interaction with Telos EVM DeFi, and expansion of access via the extensive network of Fireblocks.

Fireblocks’ MPC wallet technology and widespread key management ensure institutional-level security to protect holdings in digital assets. In addition to this, the users can leverage the resilient APIs and instruments that Fireblocks provides to streamline connectivity. This enables straight interaction with dApps operating on Telos without requiring complicated customizations. Apart from that, the Fireblocks network also has more than 2,000 businesses and institutions. They can delve into Telos-based assets and projects conveniently.

The key improvements that this integration enables include institutional-level custody, operational efficiency, DeFi accessibility, and global reach through Fireblocks. In this respect, the cutting-edge private key management of Fireblocks guarantees the safety of the Telos-based assets. Additionally, the Contract Call APIs, Browser Extension, and WalletConnect are the Fireblocks-based services that enable seamless interaction with decentralized applications and protocols on the Telos EVM. This streamlines asset transactions, liquidity, staking, and so on.

The simplified wallet infrastructure of Fireblocks provides relatively cost-effective and more rapid transfers. This aligns with Telos’ objective to offer a low-cost and high-performance blockchain experience. The Fireblocks Network links Telos to a worldwide institutional network. Moreover, it will facilitate the latest opportunities for engagement within the Telos network.

The partnership with Fireblocks makes Telos a leading player contributing to blockchain adoption among institutions. With the provision of scalable and secure solutions concerning Telos-based assets, the platform paves the way for new use cases and markets. According to Telos, this collaboration strengthens its appeal among financial institutions, enterprises, and custodians looking for blockchain integration.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

Telos has integrated with several platforms across the crypto ecosystem as it looks to unlock cross-chain liquidity and decentralized finance opportunities.

The Telos Foundation announced the expansion via X, noting that Telos now leverages the technology and solutions of Stargate, BitGo, and Circle to enhance network security, accessibility, and liquidity.

Specifically, Telos is tapping into Stargate, a cross-chain liquidity protocol built on LayerZero, to enable multi-chain native asset transfers. This integration will allow users to bridge tokens between Telos and 30 other networks, opening new opportunities in a multi-chain decentralized finance ecosystem.

Other integrations include with Hydra, a part of Stargate v2 to bring assets such as wrapped Bitcoin (wBTC), USDC (USDC) and Tether (USDT) to Telos. 

“By bringing high-value, widely used tokens to Telos, Hydra enhances liquidity accessibility and fosters deeper DeFi engagement,” Telos Foundation wrote.

Telos’ wBTC and USDC integration is via BitGo and Circle, with the two companies among top ecosystem providers. Partnering with BitGo not only brings wBTC to Telos, but also ensures this happens with the support of a provider that can unlock liquidity for institutional access on the platform. 

Circle allows for a bridged version of its USDC stablecoin to go live on Telos, with this offering the option for native USDC to deploy on the Telos mainnet. 

According to DeFiLlama, the total value locked in DeFi protocols on Telos is currently around $16.6 million. The Telos TVL is spread across decentralized exchanges, lending protocols, real-world asset platforms and liquid staking providers among others.

Telos Foundation said in the announcement that the upgrades and integrations it has secured will be crucial to the Telos blockchain’s interoperability and footprint in DeFi. 

“The road is now open for massive liquidity to flow into the ecosystem, making Telos a prime destination for DeFi users and developers,” it noted.

New York, USA, November 12th, 2025, Chainwire

Telos, a high-performance Layer 1 blockchain known for its scalable EVM infrastructure, today announced a strategic engineering partnership with Protofire, a leading Web3 development firm. The collaboration aims to make on-chain privacy practical and production-ready—transforming it from a complex concept into a seamless developer experience that can power real-world blockchain adoption.

While many ecosystems treat privacy as an afterthought or a distant promise, this collaboration will focus on engineering it into the core developer experience. The partnership will establish the standards, tooling, and clear production patterns needed to build a new generation of privacy-enabled applications on Telos.

Protofire will serve as a core engineering partner, translating Telos’s ecosystem vision into production-ready infrastructure. The joint initiative will deliver a builder-first privacy stack, including:

Production Patterns & Blueprints: Reference implementations that encode security and best practices from day one, removing the guesswork for developers. Intuitive Tooling & DevEx: A streamlined developer experience with concise guides, starter kits, and clear migration paths for existing EVM projects User-Grade Privacy UX: Co-developing wallet experiences and standards that make private transactions frictionless for the end-user. “Privacy isn’t optional if we want real adoption,” said Justin Giudici, Co-founder and Head of Product at Telos. “Thousands of public blockchains offer full transparency – and most see little organic demand. Users expect privacy; it’s how real-world transactions work. Builders need privacy they can actually employ to create apps people will trust and use. This partnership is about making that the new standard.”

“Our philosophy is simple: if builders can’t use it, it doesn’t exist,” said Luis Medeiros, Venture Studio Owner at Protofire. “Our role is to eliminate the complexity that holds developers back. For Telos, we are not just providing code; we are forging a clear, repeatable path for building private applications. We’re creating the tools we wish we had when we started.”

By establishing clear standards and removing ambiguity, the partnership aims to increase weekly active developers on Telos and broaden the range of applications that can be credibly built with privacy as a native capability.

About Telos

Telos is an EVM-compatible Layer 1 blockchain built for privacy, performance, scalability, and real-world usability. With sub-second finality, MEV resistance, and a deflationary token model, Telos powers applications across DeFi, gaming, and enterprise.

About Protofire

Protofire is a Web3 engineering firm that serves as a core development partner for leading protocols, architecting the critical infrastructure that drives on-chain value and ecosystem growth. Users can learn more at protofire.io

Coinstore Premiere Brand Conference: Connecting Global Minds to Web3 Hub – Dubai

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Telos, a Zero-Knowledge technology-driven L1 decentralized network that provides privacy and scalability, has partnered with Unizen. The collaboration between Telos and Unizen, a decentralized exchange aggregator that offers access to more than 20,000 assets, focuses on enhancing interoperability and promoting growth. Unizen now provides respective access to ten networks because Telos has joined it with the latest addition.

Telos Integrates with DEX Aggregator Unizen to Foster Ecosystem Growth and Interoperability On the official account of Telos Foundation on X, it expressed its enthusiasm regarding the collaboration. As included in the latest partnership, Telos users can stake ZCX tokens to get rewards in cryptocurrency. In addition to this, the users can also share profits that they obtain from diverse trades. In one of its recent posts, the firm clarified that ZCX coin has a direct link to its trade volume. Because of this, the token provides scarcity through the dual burn.

As per Telos, the inclusion of the respective features in the partnership exclusively deals with facilitating the users. It added that it is joining Unizen as the tenth of the networks to which it provides services. As a result of this development, the interoperability will improve along with the expansion of asset access.

While providing more details about the partnership, Telos disclosed that the integration between the two entities elevates the status of Unizen. In this respect, the DEX leadership of the platform will likely experience a significant boost after this collaboration. Apart from that, this would spike the trade efficiency to ultimately attract more users. Moreover, the purpose of this endeavor is to offer a matchless user experience.

As included in the partnership, Telos focuses on providing consumers with cost-effective swaps. It moved on to say that the collaboration is healthy and beneficial for both companies. According to Telos, both ecosystems would get a huge boost from the respective development. Unizen’s cutting-edge trade-splitting algorithm permits it to outcompete the rest of the top aggregators.

The Endeavor Targets Benefiting Both Ecosystems via Systematic Improvements It optimizes both interoperability and liquidity for cost-efficient and seamless cross-chain and single swaps. The growth of Unizen is credited to several factors, taking into account a remarkable and user-friendly interface. This makes it comparatively efficient and accessible. Telos claimed that the collaboration targets mutual ecosystem development to benefit both communities via systematic improvements, marketing efforts, and collaborations.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.