{"id":408185,"date":"2025-10-16T03:18:39","date_gmt":"2025-10-15T21:48:39","guid":{"rendered":"https:\/\/dripp.zone\/news\/alibaba-subsidiary-drives-attention-to-its-ethereum-layer-2-blockchain-crypto-news\/"},"modified":"2025-10-16T03:23:18","modified_gmt":"2025-10-15T21:53:18","slug":"alibaba-subsidiary-drives-attention-to-its-ethereum-layer-2-blockchain-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/alibaba-subsidiary-drives-attention-to-its-ethereum-layer-2-blockchain-crypto-news\/","title":{"rendered":"Alibaba Subsidiary Drives Attention to its Ethereum Layer 2 Blockchain – Crypto News"},"content":{"rendered":"

<\/p>\n

Jovay Network has flown under the radar until it mentioned Ethereum in a social media post today.<\/p>\n

\n

Jovay Network, an Ethereum Layer 2 (L2) network backed by Ant Digital, a subsidiary of Alibaba, is catching eyes today after it proclaimed its alignment with Ethereum on social media.<\/p>\n

Despite many investors being surprised by the news, Jovay was originally revealed as an Ethereum L2 in April at the RWA Real Up conference in Dubai. <\/p>\n

Jovay touts itself as financial-grade blockchain infrastructure, focused on global real-world asset (RWA) tokenization via its \u201cmodular Layer2 infrastructure that bridges Web2 and Web3.\u201d<\/p>\n

According to the chain\u2019s block explorer<\/a>, the network currently hosts $50 million in total value locked, but has only finalized 16,600 total transactions.<\/p>\n

Jovay Explorer<\/figcaption><\/figure>\n

Alibaba Group ($BABA) is the 30th-largest company in the world by market capitalization, with a $385 billion valuation, making it the second-largest company in China. <\/p>\n

The company first began exploring blockchain via Ant in 2019 with Alibaba Cloud, its blockchain-as-a-service (BaaS) platform for supply chain management tasks such as product traceability.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Jovay Network has flown under the radar until it mentioned Ethereum in a social media post today. Jovay Network, an Ethereum Layer 2 (L2) network backed by Ant Digital, a subsidiary of Alibaba, is catching eyes today after it proclaimed its alignment with Ethereum on social media. Despite many investors being surprised by the news, […]<\/p>\n","protected":false},"author":2,"featured_media":408186,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-408185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/408185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=408185"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/408185\/revisions"}],"predecessor-version":[{"id":408187,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/408185\/revisions\/408187"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/408186"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=408185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=408185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=408185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}