In this week’s episode Hashing Learn about the evolving Web3 and blockchain technology landscape with Avail co-founder Anurag Arjun. The discussion covers the consolidation of the Web3 ecosystem, the rise of rollups, fragmentation issues, and innovations paving the way for mass adoption.
Arjun discusses the fragmentation of the Web3 ecosystem and Avail’s role in unifying it. He explains that the increasing number of layer 1 and layer 2 blockchains offering innovation can be detrimental to the space due to fragmentation and user confusion. He emphasizes the importance of a modular architecture where multiple blockchains can operate on top of a secure base layer and share the same economic security.
Avail aims to address this fragmentation by providing a scalable and reliable base layer for rollup, enabling the creation of numerous blockchains in a variety of execution environments. Arjun also highlights the importance of data availability and zero-knowledge proof techniques in achieving scalability and addressing fragmentation issues. He envisions a future where rollups become the dominant model for blockchains, providing flexibility and reducing friction for developers when building decentralized applications.
Arjun also discusses the challenges of implementing airdrops in 2024, emphasizing the need for clear communication and realistic expectations to avoid user disappointment. Avail recently announced a $600 million token airdrop that rewarded users of a variety of networks, including Arbitrum, Optimism, Polygon, StarkWare, and zkSync.
He concluded by expressing optimism about the future of Web3 and looking forward to advancements in rollup technology, zero-knowledge proofs, and increased awareness of these technologies outside of the cryptocurrency bubble.
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