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Taiko Proves That Based Rollups Can Be Profitable In Just 90 Days Post-Mainnet Launch

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NEW YORK, LONDON, and SINGAPORE, Aug. 27, 2024 /PRNewswire/ — In a groundbreaking achievement, Taiko, the world’s first truly decentralized based Ethereum Layer 2 (ETH L2) solution, has crossed a significant milestone just 90 days after its mainnet launch. Not only has Taiko proven the viability of its unique scaling path, it has also shown that based rollups can be profitable. This is a testament to the strength and sustainability of their decentralized approach. Taiko has proven that a rollup can be fully compatible with Ethereum, both technically and philosophically.

Key Highlights:

Profitable Decentralization: Based rollups can be profitable marking a groundbreaking milestone in decentralized and permissionless Ethereum scaling solutions.Explosive Growth in Network Activity: Taiko’s mainnet has exceeded 110 million transactions, setting a phenomenal record in the crypto space in less than 90 days.Transaction Volume Surge: Taiko has reached an impressive 2,000,000 daily transactions, highlighting the network’s robust capacity and growing adoption.Expanding User Base: Taiko has attracted around 1,200,000 unique wallet addresses, demonstrating strong user interest and engagement in its ecosystem.Ecosystem Growth: Since its mainnet launch, Taiko has onboarded over 100 dApps, driving increased network activity and value locked.

A New Benchmark in Ethereum Scaling 

Based rollups like Taiko represent a promising approach to Ethereum scaling, offering enhanced security, seamless Ethereum compatibility, and true decentralization. However, they face unique challenges in achieving profitability due to their decentralized, permissionless nature. Unlike other scaling solutions that can retain all sequencing fees, based rollups distribute these fees among network participants, making the path to financial sustainability more complex.

Despite these challenges, Taiko’s journey in the Ethereum scaling ecosystem is showing promising signs. The project’s decentralized model appears to be operating efficiently, with data showing based rollups can be profitable, suggesting positive outcomes for network participants. Taiko’s miners, including proposers and provers, are experiencing encouraging results within the ecosystem.

“Our journey proves that we can scale Ethereum without compromising on its core principles of decentralization and security,” said Ben Wan, Chief Community Officer (CCO) at Taiko. “This is a win for the entire Ethereum community.”

This development indicates that Taiko’s ecosystem could prove to be an attractive and viable option for participants in the Ethereum scaling landscape.

Why Profitability Matters

The success of any blockchain network is inherently tied to the profitability of its participants. Ethereum‘s growth and dominance are largely due to the fact that its miners have consistently made profits, attracting more participants to the network, thus enhancing its security and sustainability. Taiko is following in these footsteps by ensuring that its proposers and provers, who play a crucial role in validating transactions, are financially rewarded. This not only ensures the long-term viability of Taiko but also positions it as a leading solution for Ethereum users seeking a seamless, Ethereum-equivalent experience with enhanced scalability on Layer 2.

How Taiko Achieved Profitability: Technical Advancements and Optimizations

Since its mainnet launch, Taiko has demonstrated a commitment to continuous improvement through strategic optimizations and technical advancements. These efforts have yielded substantial enhancements in both network efficiency and accessibility. A standout achievement is the significant 30% reduction in gas costs associated with the Taiko L1 contract. This optimization represents a major leap forward in the network’s operational efficiency.

Furthermore, Taiko has implemented a 50% reduction in both the liveness bond and the SGX proofs’ validity and contestation bond. This change has lowered the capital requirements for participants, enabling more individuals and entities to engage in Taiko’s permissionless transaction sequencing. These improvements have collectively contributed to making the Taiko network more accessible and potentially more attractive for a wider range of participants in the Ethereum scaling ecosystem.

A Significant Milestone in Just 90 Days

Taiko’s achievement of reaching a positive financial milestone in just 90 days is a noteworthy indicator of the project’s potential. As a based rollup, this early success showcases the promise of their decentralized architecture and their approach to scaling Ethereum. While it’s important to note that market conditions and performance can fluctuate, this initial accomplishment sends a strong signal to the broader Ethereum community. It suggests that Taiko’s model has the potential to be viable and impactful in the long term, positioning itself as a significant player in the Ethereum scaling ecosystem.

The Path Forward

As we look to the future, Taiko’s early success lays the foundation for what we believe will be an even greater achievement: becoming a premier Layer 2 for Ethereum. Just as Ethereum‘s network participant’s profitability has attracted a global network of miners, developers, and users, Taiko’s positive milestones and growth strategy are already drawing in a vibrant community – Taiko has built the largest crypto community on Discord, which significantly boosted awareness, adoption, and development. Taiko’s goal is not just to scale Ethereum but to provide an enhanced, more efficient experience for users. While Ethereum‘s block time averages around 12 seconds, Taiko aims to implement faster transaction finality through innovative approaches like based preconfirmations. This feature, currently in the testing phase, allows users to have increased confidence in their transactions even before full block confirmation, significantly improving the user experience and transaction speed on the network.

In conclusion, Taiko’s journey in these first 90 days is a clear indication that they are on the right path. With promising results from its decentralized model, a strong community, and technical innovations that address Ethereum‘s limitations, we are confident that Taiko is poised to become the leading Layer 2 solution. It offers enhanced speed, security, and scalability while maintaining equivalence with the Ethereum ecosystem.

About Taiko 

Taiko, an Ethereum-based rollup, successfully launched its Layer 2 mainnet on May 27th after a development phase that began in 2022 and included seven testnets. The inaugural block on Taiko’s mainnet was proposed by Ethereum co-founder Vitalik Buterin, featuring metadata listing the names of all core contributors to the project.

Taiko is designed to address the scalability challenges of the Ethereum network. By utilizing Based Contestable Rollup (BCR) technology, Taiko significantly reduces transaction costs and enhances security, providing a seamless and efficient user experience without compromising decentralization.

For more information about Taiko and its revolutionary approach to Ethereum scaling, visit https://taiko.xyz/

Disclaimer: This announcement is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities or other financial instruments.

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Chef Robotics Physical AI Models Can Now Automate Baked Goods Packing

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SAN FRANCISCO, April 29, 2026 /PRNewswire/ — Chef Robotics, a leader in physical AI for the food industry, today announced that Chef robots can now automate tray assembly for baked goods packing. The application places baked products, such as burger buns, chocolate chip cookies, biscotti, butter cookies, biscuits, fortune cookies, granola bars, rusks, and shortbreads into trays and packaging containers before sealing.

Watch Chef robots in action.

Baked goods packing has historically been difficult to automate for high-mix production. Each item behaves differently on the production line—a granola bar compresses under the wrong grip, while a biscotti or rusk can crack if placed at the wrong angle. Surface textures range from glazed and smooth to crumbly and irregular, and strict presentation requirements leave little room for error. This variability has made it challenging for automation systems to reliably handle baked goods at production speeds, leaving food manufacturers dependent on manual labor and traditional bakery equipment.

To address this, Chef built its baked goods packing application on its existing piece-picking capability, which uses Chef’s AI-powered computer vision and physical AI models trained across diverse real-world production environments. This allows Chef robots to assess each item’s position, shape, and orientation in real time and determine how to pick the items from the pan and place them quickly and precisely without damaging them.

The baked goods packing application supports four distinct placement capabilities.

First, Chef’s vision system detects the angle at which each item sits in the pan and reorients it after picking, placing it on the tray at the exact angle required, regardless of its original position, enabling retail-ready presentation for SKUs that require precise angular placement.

Second, Chef robots can place multiple baked goods into the same packaging container in a single automated pass, completing full tray assembly without manual intervention.

Third, for packaging containers with multiple small compartments, Chef robots can precisely place items into each designated section, including multiple items in the same compartment, using Chef’s AI vision model to detect compartment positions and orientations in real time.

Fourth, Chef’s vision system identifies the exact center of each tray and places every item at a predefined offset from that center, ensuring a uniform, consistent arrangement across every pack regardless of how trays arrive on the conveyor.

For food manufacturers evaluating bakery systems and baked goods packaging automation, the application offers higher throughput, reduced labor dependency, and consistent presentation across shifts. The capability runs on Chef’s existing robotic hardware and software, allowing manufacturers to deploy it without requiring any changes to their production lines.

Chef’s baked goods packing application is available in the U.S., Canada, Germany, and the UK and is included as part of Chef’s robotics-as-a-service (RaaS) pricing model.

About Chef Robotics
Chef is the first company to have commercialized a scalable AI-driven food robotics solution. With over 104 million servings made in production, Chef leverages ChefOS, an AI platform for food manipulation, to offer a Robotics-as-a-Service solution that helps industry-leading food companies increase production volume and meet demand. Headquartered in San Francisco, CA, Chef aims to empower humans to do what humans do best by accelerating the advent of intelligent machines. Visit https://chefrobotics.ai to learn more.

View original content:https://www.prnewswire.com/news-releases/chef-robotics-physical-ai-models-can-now-automate-baked-goods-packing-302756923.html

SOURCE Chef Robotics

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Chef Robotics Physical AI Models Can Now Automate Baked Goods Packing

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SAN FRANCISCO, April 29, 2026 /PRNewswire/ — Chef Robotics, a leader in physical AI for the food industry, today announced that Chef robots can now automate tray assembly for baked goods packing. The application places baked products, such as burger buns, chocolate chip cookies, biscotti, butter cookies, biscuits, fortune cookies, granola bars, rusks, and shortbreads into trays and packaging containers before sealing.

Watch Chef robots in action.

Baked goods packing has historically been difficult to automate for high-mix production. Each item behaves differently on the production line—a granola bar compresses under the wrong grip, while a biscotti or rusk can crack if placed at the wrong angle. Surface textures range from glazed and smooth to crumbly and irregular, and strict presentation requirements leave little room for error. This variability has made it challenging for automation systems to reliably handle baked goods at production speeds, leaving food manufacturers dependent on manual labor and traditional bakery equipment.

To address this, Chef built its baked goods packing application on its existing piece-picking capability, which uses Chef’s AI-powered computer vision and physical AI models trained across diverse real-world production environments. This allows Chef robots to assess each item’s position, shape, and orientation in real time and determine how to pick the items from the pan and place them quickly and precisely without damaging them.

The baked goods packing application supports four distinct placement capabilities.

First, Chef’s vision system detects the angle at which each item sits in the pan and reorients it after picking, placing it on the tray at the exact angle required, regardless of its original position, enabling retail-ready presentation for SKUs that require precise angular placement.

Second, Chef robots can place multiple baked goods into the same packaging container in a single automated pass, completing full tray assembly without manual intervention.

Third, for packaging containers with multiple small compartments, Chef robots can precisely place items into each designated section, including multiple items in the same compartment, using Chef’s AI vision model to detect compartment positions and orientations in real time.

Fourth, Chef’s vision system identifies the exact center of each tray and places every item at a predefined offset from that center, ensuring a uniform, consistent arrangement across every pack regardless of how trays arrive on the conveyor.

For food manufacturers evaluating bakery systems and baked goods packaging automation, the application offers higher throughput, reduced labor dependency, and consistent presentation across shifts. The capability runs on Chef’s existing robotic hardware and software, allowing manufacturers to deploy it without requiring any changes to their production lines.

Chef’s baked goods packing application is available in the U.S., Canada, Germany, and the UK and is included as part of Chef’s robotics-as-a-service (RaaS) pricing model.

About Chef Robotics
Chef is the first company to have commercialized a scalable AI-driven food robotics solution. With over 104 million servings made in production, Chef leverages ChefOS, an AI platform for food manipulation, to offer a Robotics-as-a-Service solution that helps industry-leading food companies increase production volume and meet demand. Headquartered in San Francisco, CA, Chef aims to empower humans to do what humans do best by accelerating the advent of intelligent machines. Visit https://chefrobotics.ai to learn more.

View original content:https://www.prnewswire.com/news-releases/chef-robotics-physical-ai-models-can-now-automate-baked-goods-packing-302756923.html

SOURCE Chef Robotics

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Air Products to Expand Industrial Gas Supply for Samsung Electronics’ Next-Generation Semiconductor Fab in South Korea

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New investment underscores the company’s long-term commitment to Korea and its leading role in the global semiconductor industry 

LEHIGH VALLEY, Pa., April 29, 2026 /PRNewswire/ — Air Products (NYSE:APD), a world-leading industrial gases company and serving Samsung globally, today announced it has been selected by Samsung to supply industrial gases for its new advanced semiconductor fab in Pyeongtaek, Gyeonggi Province, South Korea.

Under the agreement, Air Products will build, own and operate multiple state-of-the-art production facilities and a bulk specialty gas supply system to supply nitrogen, oxygen, argon, and hydrogen for Samsung’s new semiconductor fab. The new facilities are expected to come onstream in multiple phases from 2028 through 2030.

Air Products has a long track record of executing multiple phase expansions in Pyeongtaek to support Samsung’s growing manufacturing needs. This latest project represents Air Products’ largest investment to date in the semiconductor industry and will establish Pyeongtaek as the company’s single largest operations site globally supporting the electronics industry. 

“Air Products is honored to be selected once again by Samsung and to have their continued confidence as a trusted partner supporting their strategic growth plans,” said SR Kim, President, Air Products Korea. “This significant investment reinforces Air Products’ role as a leading global supplier to the semiconductor industry and underscores our long-standing commitment to supporting our strategic customers with safety, reliability, efficiency and excellent service.”

Air Products has served the global electronics industry for more than 40 years, supplying industrial gases safely and reliably to many of the world’s leading technology companies. The company has operated in Korea for more than 50 years and has established a strong position in electronics and manufacturing sectors.

About Air Products

Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 85 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, medical and food. As the leading global supplier of hydrogen, Air Products also develops, engineers, builds, owns and operates some of the world’s largest clean hydrogen projects, supporting the transition to low- and zero-carbon energy in the industrial and heavy-duty transportation sectors. Through its sale of equipment businesses, the Company also provides turbomachinery, membrane systems and cryogenic containers globally.

Air Products had fiscal 2025 sales of $12 billion from operations in approximately 50 countries. For more information, visit airproducts.com or follow us on LinkedInXFacebook or Instagram.

This release contains “forward-looking statements” within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s expectations and assumptions as of the date of this release and are not guarantees of future performance. While forward-looking statements are made in good faith and based on assumptions, expectations and projections that management believes are reasonable based on currently available information, actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors, including the risk factors described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025 and other factors disclosed in our filings with the Securities and Exchange Commission. Except as required by law, we disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in the assumptions, beliefs or expectations or any change in events, conditions or circumstances upon which any such forward-looking statements are based.

View original content to download multimedia:https://www.prnewswire.com/news-releases/air-products-to-expand-industrial-gas-supply-for-samsung-electronics-next-generation-semiconductor-fab-in-south-korea-302757497.html

SOURCE Air Products

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