The Layer 3 chain is being developed by Matter Labs, the company that created the zkSync scaling solution for Ethereum.
Layer 3 will significantly increase the scalability of zkSync’s blockchain infrastructure, which is currently in the early stages of development.
In addition, Matter Labs revealed it was developing Layer 3 under the working title Pathfinder in October. The initiative is now known as Opportunity.
On the Layer 2 main network of zkSync, Opportunity will be an additional off-chain compute layer. Layer 3 is designed to increase Ethereum scalability while reducing gas costs by building upon zkSync.
According to Matter Labs, “zkSync’s Layer 3 proof of concept Opportunity, which is EMV-compatible, will come to reality in the first quarter of 2023, delivering a starfield of 10X moments to Ethereum.
In the first quarter of 2023, the team intends to make its Layer 3’s proof of concept public. This occurs right after Matter Labs released the infant alpha version of zkSync 2.0, an Ethereum Virtual Machine (EVM)-compatible ZK-Rollup.
Notably, the creators of zkSync are not the first to think about releasing Layer 3. StarkWare unveiled the idea and an ecosystem of numerous Layer 3s last year, each devoted to a different use case.