General Updates

Neo co-founder Da Hongfei published a proposal to restructure the Neo Foundation as a founder-independent institution, redistribute tens of millions of NEO and GAS tokens to the community, and introduce staked voting with a six-month lock-up period. Additionally, Da discussed his restructuring proposal in an interview with journalist Tanzeel Akhtar, acknowledging responsibility for the governance deadlock, committing to a timeline for locking foundation tokens in a multi-signature address, and calling on the community to participate in shaping the outcome.

Neo co-founder Erik Zhang released the Neo Governance Restoration Proposal, which seeks to address a stable public governance order, unclear boundaries of authority, insufficient constraints on the control of Neo public assets, and the absence of a clear, verifiable, and enforceable basis of community authorization for major public matters. Additionally, Zhang published a formal response to Da Hongfei’s restructuring proposal, arguing that Neo’s legitimacy should be grounded in on-chain verifiability and that governance outcomes should be validated through address-provable means wherever possible.

Neo‘s Zhang released three new NEP standards aimed at improving the communication between dApps and wallets via the Neo blockchain. They include:

  • NEP-20: an authentication standard that allows users to log in to websites, games, and applications using their Neo wallet, aimed at eliminating the need for usernames, passwords, and separate account registration.
  • NEP-21: a standard that defines a common interface for Neo N3 decentralized applications to communicate with wallet providers.
  • NEP-33: a standard that defines a URI-based transport mechanism that allows native applications to invoke wallet applications for authentication, completing a three-layer stack that standardizes how users sign in with their Neo wallet.

Neo‘s Zhang also revealed that the NeoVM-compatible RISC-V VM solution developed for Neo 4 has been completed, with state root-level verification passing block by block against the full Neo MainNet dataset, confirming the design has moved beyond the conceptual stage and has been validated on real-world data.

LayerZero deployed contracts on the Neo X TestNet with cross-chain testing for token and NFT assets completed, with the USD1 stablecoin integration also in progress.

OneGate announced that the OneGate 2.0 wallet and blockchain explorer is in development, with the upcoming version set to support 15 languages and be available on iOS, Android, and Windows.

NNT hosted a GasBot Trivia round in which participants competed for a pool of 4 GAS rewards.

nDapp released a weekly N3 GAS check-in, noting that network users claimed approximately 64,944 GAS over the past week and that on-chain activity burned about 416 GAS.

Frank Coin hosted a weekly game event where the top player won 100 FRANK tokens, and 10 participants each won 40 FRANK. Additionally, Frank Coin announced the three winners of the Happy Easter Competition.

Developer Updates

Bane Labs released NeoFS Fund Proxy contracts for Neo X, enabling users and applications on the EVM sidechain to fund NeoFS storage containers without requiring direct interaction with Neo N3. AxLabs, one of the three teams that make up Bane Labs, also updated its 3vm developer tool to include a live wallet-connected interface for depositing GAS to NeoFS from Neo X.

NeoLine shipped v5.8.1 of its Chrome extension wallet with full support for NEP-21, becoming the first wallet to implement the unified dAPI standard for Neo N3.

Neo SPCC released updated versions of both NeoFS access gateways: REST Gateway v0.17.0 and S3 Gateway v0.43.0. Both releases introduce session token v2 support, depend on NeoFS SDK Go RC18, and require Go 1.25 or higher to build.

Neo SPCC released a bi-monthly video update featuring highlights of NeoFS, the REST Gateway, NeoGo, and more.

NNT Catch Up

NNT released Episode 110 of The Smart Economy Podcast featuring George Zeng, chief product officer at the NEAR AI, a blockchain ecosystem building infrastructure for user-owned AI and decentralized applications. Topics of discussion include why AI agents could become the primary interface for interacting with the internet, why interface design often determines which technologies reach mass adoption, how crypto infrastructure can support payments, identity, and coordination for AI systems, and so much more.

NNT hosted Crypto Coffee and Blockchain Beer Spaces #91 on the official The Smart Economy Podcast X account. Topics of discussion included Da’s Neo Foundation Restructuring Proposal that noted, Neo Foundation redomiciliation, Neo’s new governance framework, NEO staked voting changes, Giveback II token redistribution, and Neo Foundation asset consolidation, plus Zhang’s and the community’s responses to the proposal.

In Case You Missed It

Neo SPCC released neofs-node v0.52.0 alongside coordinated updates to the NeoFS Go SDK and two GitHub Actions integrations, introducing initial placement policy support, expanded maintenance tooling, and breaking configuration changes across the stack.

Events

April 17: NNT hosting CC & BB #92 on The Smart Economy Podcast official X account.

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