Welcome again to Chain Reaction.
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Last week we didn’t publish a Chain Reaction publication, because of Thanksgiving. But we’re again at it this week and saying goodbye to November after an extended, eventful month full of lawsuits, price changes and the everyday crypto chaos.
Let’s get into it.
What’s occurring in web3
- Crypto enforcers wielded a heavy hand this 12 months, however don’t count on it to get softer in 2024 (TC+)
- Optimism execs are optimistic for Ethereum’s future amid its ongoing scaling battle (TC+)
- Just how large of a restoration will it take to convey buyers again to web3? (TC+)
- Binance and CEO ‘CZ’ plead responsible to federal charges, agreed to pay $4.3B in fines
- China’s tech giants dip their toes into web3, however prospects are restricted thus far
The newest pod
For this week’s episode, Jacquelyn interviewed Optimism’s CEO and co-founder Jing Wang and chief development officer Ryan Wyatt.
Optimism is an Ethereum-focused layer-2 blockchain that focuses on scaling and pace, whereas additionally decreasing prices for customers. It helps customers work together with Ethereum for about 10x cheaper by means of its blockchain and supplies builders the power to construct decentralized purposes (dApps) in a quicker, scalable approach.
Before taking up this new position at Optimism, Ryan had a little bit bit of a break, however was the president of Polygon Labs (he got here on the podcast originally of the 12 months to speak about it) and earlier than that, he was YouTube’s head of Gaming.
Jing co-founded Optimism in 2018. Before that she based Plasma Group, a analysis agency targeted on addressing challenges associated to scaling Ethereum. She additionally beforehand managed blockchain initiatives at firms like Zcash and Nasdaq.
We mentioned how layer-2 blockchains like Optimism try to resolve scalability points on Ethereum and the place Jing and Ryan see development alternatives proper now.
We additionally talked about:
- Base constructing with Optimism’s tech
- Competition between Ethereum and different blockchains
- Long-term adoption
- Web3 gaming
Subscribe to Chain Reaction on Apple Podcasts, Spotify or your favourite pod platform to maintain up with the newest episodes, and please go away us a evaluate in the event you like what you hear!
Follow the cash
- Acctual raised $3.85 million to assist crypto firms higher handle their payments
- Web3 training platform Open Campus acquired a $3.15 million funding from Binance Labs
- Wind.app raised over $3 million to make DeFi accessible to common shoppers
- Decentralized perpetual trade MYX raised $5 million in a seed spherical at $50 million valuation
- Blockchain-built health and wellness app Coral acquired a $3 million funding from TealLink
This record was compiled with data from Messari in addition to Ztoog’s personal reporting.
What else we’re writing
Want to department out from the world of web3? Here are some articles on Ztoog that caught our consideration this week.
- The 2024 IPO cohort is coming into focus as Shein, Reddit prep to go public (TC+)
- Here’s every part Amazon Web Services introduced at AWS re:Invent
- If I’m being trustworthy, I didn’t have what it takes to be a founder (TC+)
- Apple companion Foxconn to speculate $1.5 billion in India
- European startup funding halved to $45B in 2023, says Atomico
Follow me on Twitter @Jacqmelinek for breaking crypto information, memes and extra.