Robinhood has launched a developer version of its custom-built blockchain, Robinhood Chain, as part of its expansion into crypto-based financial services, according to Fortune. The announcement, made at the Consensus event in Hong Kong, marks a significant step for the company as it moves towards offering tokenized versions of popular stocks. The mainnet version of Robinhood Chain is expected to go live in the coming months and will be used to process customer transactions.
The testnet phase of Robinhood Chain is currently live, allowing a limited number of partners and participants to test its infrastructure and introduce experimental features, as reported by Fortune. The company has partnered with major crypto players such as Alchemy, LayerZero, and Chainlink.
Simultaneously, the crypto industry is witnessing developments in blockchain technology aimed at meeting the needs of traditional finance. LayerZero, a crypto company backed by Andreessen Horowitz and Sequoia, announced a new blockchain called Zero, designed to address the challenges of scaling the technology for the massive volume created by traditional finance entities, according to Fortune. This move comes as Wall Street embraces blockchain technology, seeking solutions for handling sensitive client data.
In other news, Red Lobster is undergoing significant changes under the leadership of CEO Damola Adamolekun, who aims to revitalize the seafood chain. Adamolekun, who previously helped P.F. Changs, plans to shrink the restaurant's footprint and streamline menus to improve the company's financial standing, according to Fortune. "I think this can be the greatest comeback in the history of the restaurant industry," Adamolekun stated in a late 2025 CEO Playbook vodcast.
Meanwhile, a study by researchers at the University of California at Berkeley indicates that AI is impacting the workforce in unexpected ways. While AI is increasing worker productivity, it may also be contributing to burnout, according to Fortune. The study, which involved in-depth interviews across various departments at a 200-person U.S. tech firm, found that employees using AI tools increased both their workload and the variety of tasks they could handle.
In the entertainment industry, singer Chappell Roan has parted ways with Casey Wasserman's talent agency due to his mention in the Epstein files, emphasizing accountability, according to Variety. Other developments include French President Macron's push for European financial integration, the signing of Sistas star Novi Brown with Innovative Artists Entertainment, and the upcoming AR play "Ark" starring Sir Ian McKellen. Additionally, Gregg Araki's "Mysterious Skin" has undergone a 4K restoration, and the sequel "In a Violent Nature 2" will be introduced at the European Film Market, as reported by Variety.
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