In this week’s edition of Hashing It Out, we delve into the ever-changing world of Web3 and blockchain technology with Anurag Arjun, one of the co-founders of Avail. The conversation revolves around the consolidation of the Web3 ecosystem, the emergence of rollups, the challenges posed by fragmentation, and the innovative solutions that are paving the way for widespread adoption.
Arjun sheds light on the fragmentation of the Web3 ecosystem and how Avail is working towards unifying it. He points out that the increasing number of layer-1 and layer-2 blockchains, while offering innovation, can be detrimental to the space due to fragmentation and confusion among users. He emphasizes the importance of a modular architecture that allows multiple blockchains to operate on top of a secure base layer, providing them with the same economic security.
Avail’s goal is to address this fragmentation by offering a scalable and dependable base layer for rollups, which enables the creation of multiple blockchains with different execution environments. Arjun also highlights the significance of data availability and zero-knowledge-proof technology in achieving scalability and resolving fragmentation issues. He envisions a future where rollups become the dominant model for blockchains, offering developers flexibility and reducing friction in the development of decentralized applications.
Furthermore, Arjun discusses the challenges associated with conducting airdrops in 2024, emphasizing the need for clear communication and realistic expectations to avoid disappointing users. Avail recently made headlines with a $600 million token airdrop that rewarded users from various networks, including Arbitrum, Optimism, Polygon, StarkWare, and zkSync.
Arjun concludes on a positive note, expressing optimism about the future of Web3. He anticipates advancements in rollup technology, zero-knowledge proofs, and increased awareness of these technologies beyond the confines of the crypto bubble.
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