EigenLabs and the NEAR Foundation have joined forces to develop a groundbreaking partnership aimed at enhancing the efficiency and affordability of Layer 2 projects on Ethereum. This collaboration will create a "fast finality layer" for Ethereum Layer 2s, dramatically reducing transaction times to 3-4 seconds and making transactions 4,000 times cheaper. This advancement will promote liquidity consolidation between Layer-2s and allow flexibility in choosing sequencers, whether on-chain or off-chain. By combining NEAR and EigenLayer technologies, this partnership aims to simplify, expedite, and reduce the cost of development on Ethereum, contributing to the growth of the open web and Web3 interoperability. A testnet is planned for Q1 2024. #News #NMN