Fuel Labs has launched Fuel Ignition, its flagship Ethereum layer-2 solution, designed to combat centralization in blockchain ecosystems. The new architecture boasts a high-performance capability exceeding 21,000 Transactions Per Second (TPS) per core, facilitated by its innovative FuelVM and a UTXO-based transaction model. Fuel's approach integrates Turing-complete smart contracts with persistent storage, allowing for complex interactions within transactions. Other developments include Hyve's $1.85 million pre-seed funding to enhance data availability for decentralized applications (dApps), and Conduit's new G2 sequencer, which offers 50-100 Mgas/s processing power. Additionally, Dynex aims to release a silicon-based quantum chip by 2025, targeting a significant share of the quantum computing market. Chiliz Group announced a collaboration with Crossmint to enhance blockchain applications in sports. Hermetica secured $1.7 million to advance its bitcoin-backed stablecoin on the Stacks network. The convergence of blockchain with AI and quantum computing is being explored by new foundation Exponential Science, which aims for innovative solutions to societal challenges.

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