Eco Association Update: September 2024

Welcome to Eco Association’s monthly newsletter, where we cover Eco Protocol and community developments, updates and announcements.

Let’s get to it!

Accelerate how money moves with Eco Protocol

Eco Inc.’s CMO, Jay Kurahashi-Sofue, shared how the team elevated Bend’s presence at FWB FEST 24, standing out alongside partners like Uniswap, Optimism, and Worldcoin—all with just a $5k budget.

The goal was to create useful and memorable items that fit the festival’s summer camp vibe, so the team created 1,000 Bend Mosquito Repellent Bands, 300 FWB FEST x Bend Campfire Mugs, 60 Bend Air Sofas, and 25 Bend Disposable Cameras.

These items became part of the festival experience—attendees wore the mosquito bands, used the campfire mugs, lounged on air sofas, and captured memories with the cameras.

With over 1,000 in-person impressions and 42k digital impressions, the items helped cement Bend as FWB FEST 24’s official payment partner. 

More importantly, Bend helped merchants save 3% on every transaction by streamlining stablecoin payments on Base and Optimism, ensuring a smooth and efficient payment experience.

🎥 Check out the video from FWB Fest 2024 to see Bend in action!

Protocol Governance ⚖️

Work toward the Eco Protocol relaunch continues! Last month, we announced the Protocol redesign and an Eco brand refresh, both focused on simplifying cross-chain payments with stablecoins.

Things are on track to finalize the full system design, and are gearing up for the betanet launch in Q4. If you missed an update or want to join the conversation, check out the latest discussions on the Eco Governance Forum.

Community Events & Happenings 

👀 Eco Inc.’s Cross-L2-Actions, a solution in response to @WilsonCusack's RIP-7755, demonstrates cross-L2 communications by validating a destination chain transaction on a source chain using only data posted to Ethereum by the destination chain's sequencers.

🥳 Eco is proud to support the newly launched Metabased Fellowship, an 8-week program for researchers and developers to create new economic models for scaling community-owned rollups. Participants will receive $20,000 for their contributions, so stay tuned for the announcement of the fellows.

💻Eco Inc. proudly made it as #29 on Talent Titans Top 100 Web3 Companies to Work for in 2024. Positive, strong professional culture combined with being mission-driven is an essential component of what drives our people every day. 

🌍 The global stablecoin supply is nearing its record high of $166 billion. As this market expands, efficient infrastructure will be key for developers to build simple, effective apps. Eco is ready to play a leading role in supporting this growth.

🎙️ Bend was represented at the Web3Lagos Conference, hosted by @Web3Bridge. It was a great opportunity to connect and discuss the latest in onchain payments and innovations. The event allowed us to exchange ideas and learn from others in the space, as we continue working to simplify payments for everyone.

Eco is becoming the hub for onchain payments and commerce. With deep, cross-chain liquidity, we’re opening Eco Protocol to all developers soon. If you're interested in creating simple, efficient payment solutions, now is the time to get involved. Learn more here.

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This email is for informational purposes only and all token-related updates are compiled from publicly-available sources (as described below). It should not be construed or relied upon as financial advice and it is not an offer or recommendation to buy or sell any asset or enter into any transaction.  The development and operation of the Eco network is decentralized, so any protocol upgrades discussed above that have not yet been implemented remain subject to community governance approval.  Nothing in this email is confidential and all material information contained herein is publicly available to members of the Eco community through its Discord, community update calls, independent third party websites, on-chain transaction records, and other open channels.