In this week’s episode, Hashing It Out dives into the evolving landscape of Web3 and blockchain technology with Anurag Arjun, co-founder of Avail. The discussion covers the unification of the Web3 ecosystem, the rise of rollups, the challenges of fragmentation and the 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, sharing the same economic security.
Avail aims to address this fragmentation by providing a scalable and reliable base layer for rollups, enabling the creation of numerous blockchains with different execution environments. Arjun also highlights the significance of data availability and zero-knowledge-proof technology in achieving scalability and solving fragmentation issues. He envisions a future where rollups become the dominant model for blockchains, offering flexibility and reducing the friction for developers to build decentralized applications.
Additionally, Arjun discusses the challenges of conducting 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 various networks, including Arbitrum, Optimism, Polygon, StarkWare and zkSync.
He concludes by expressing optimism about the future of Web3, anticipating advancements in rollup technology, zero-knowledge proofs and increased awareness of these technologies outside the crypto bubble.
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