Illyriad Games co-founded the Ethereum Improvement Proposal (EIP), hoping to reduce Ethereum's block time by 33%.

Odaily News Illyriad Games co-founder Ben Adams initiated the Ethereum Improvement Proposal (EIP), which aims to reduce the block time on the Ethereum network from the current 12 seconds to 8 seconds, increase Rollup-based latency, and increase the capacity of Blobs - temporary data structures to reduce second-layer network fees. In addition to increasing mainnet throughput, the proposal also aims to distribute bandwidth usage over time and reduce peak bandwidth requirements without increasing the number of individual blocks or blobs. Justin Drake, a researcher at the Ethereum Foundation, expressed his approval of the EIP on GitHub and said that his direct proposal is consistent with some of the broader goals proposed by Ethereum co-founder Vitalik Buterin and the Ethereum Extension Organization. Drake claimed that reducing block times will make decentralized exchanges such as Uniswap v3 "1.22 times more efficient" and can "save approximately $100 million in CEX-DEX arbitrage each year, ultimately resulting in better execution for users." (Cointelegraph)