On June 25, 2025, Amber Baldet and Patrick Mylund Nielsen, former JP Morgan blockchain engineers, introduced a new project, ZIGChain, aiming to threaten Ethereum's market position.
Launch of ZIGChain
ZIGChain launched with the ambitious goal of enhancing blockchain infrastructure for financial institutions. The new project is developed by the team at Clovyr and promises to boost the adoption of real-world asset tokenization.
Competition with Ethereum
The launch of ZIGChain adds competitive pressure to Ethereum, particularly in the L2 solutions space. The new market participant aims not only to support institutional applications but also to advance the DeFi sector.
Financial Implications
Experts note that the introduction of ZIGChain may lead to shifts in investment flows and asset tokenization strategies. Regulatory frameworks surrounding blockchain technologies may also influence its adoption and broader acceptance.
The launch of ZIGChain may represent a significant step in the development of blockchain technology, impacting financial and institutional strategies. Its influence on Ethereum and the market as a whole remains under close observation.
