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In this episode of Chain Abstracted, host Altan Tutor (CEO of Nuffle Labs) and Michael Kelly (CPO of Open Forest Protocol) sit down with Amrit Kumar, COP at Altlayer, to discuss Altlayers role in the Web3 world. AltLayer is a decentralized platform designed to simplify the creation of rollups, offering enhanced security and quick finality. It provides a user-friendly Rollups-as-a-Service tool that supports both short-term and permanent rollup solutions, catering to developers and non-developers alike.Twitter/X: https://x.com/maqstik?lang=enWebsite: https://www.altlayer.io/Takeaways• AltLayer focuses on building ephemeral rollups, which are disposable and have a shorter lifespan. • Restake rollups combine rollups with shared security and decentralized sequencing. • Rollups and shards are similar in terms of execution, and rollups can be seen as execution shards. • Synchronous composability is challenging to achieve without a shared model or node with visibility across different domains. • Base rollups use Ethereum validators as sequencers, providing liveness guarantees but with increased latency. • Base pre-confirmation is being explored to reduce latency in base rollups. Chain abstraction is crucial in the world of thousands of rollups, enabling interoperability and composability across different chains and runtimes. • The demand for AVSs is currently limited by the supply of assets available for staking. There is a need to develop mechanisms to specify and modify the amount of restaking collateral required. • Tokens will continue to play a significant role in rollup networks, but the focus should shift from value-less governance tokens to tokens that have utility and can be staked for network security. • The crypto space is still in the experimental phase, and there is a need for innovative and engaging entertainment-focused dApps that can capture users' attention and drive adoption. • Building infrastructure in the crypto space is important, but investment in consumer apps is equally crucial for creating a thriving ecosystem. • The guests encourage builders in the near ecosystem to reach out for support and tease upcoming announcements related to AVSs and the near ecosystem.Chapters00:00 Introduction and Background 05:06 The Concept of Restake Rollups 15:24 Similarities Between Rollups and Shards 18:15 Challenges of Achieving Synchronous Composability 20:03 Exploring Base Rollups and Base Pre-confirmation 28:58 The Significance of Chain Abstraction in a World of Rollups 31:23 Challenges and Opportunities in Building AVSs 39:09 The Role of Tokens in Rollup Networks 45:20 The Potential of Entertainment dApps for Mass Adoption 50:17 The Importance of Finding Product-Market Fit 52:48 Building Infrastructure vs. Investing in Consumer AppsAbout Amrit KumarAfter earning his PhD in Computer Science, Amrit began his career as a Research Fellow at the National University of Singapore. He later co-founded Zilliqa, a secure blockchain platform designed for enterprises and advanced applications. In 2022, Amrit took on the role of Chief Operating Officer at AltLayer, where he strives to make the creation of rollups simple and secure.
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In this episode, host Altan Tutor (CEO of Nuffle Labs) and Michael Kelly (CPO of Open Forest Protocol) sit down with the Head of Developer Relations at Particle Network, TABASCO. Particle Network provides a Universal Accounts (UA) system that enables Web3 users to manage a single account, balance, and interaction point across multiple blockchains, achieving chain abstraction. This is made possible through the Particle Network Layer 1 (L1), which operates as an infrastructural layer, coordinating secure and trustless transactions across different blockchain ecosystems. Unlike traditional blockchains, Particle Network L1 focuses on unifying users and liquidity rather than serving as a platform for building applications.
Takeaways
TABASCO got interested in crypto at a young age and started trading when he was 15.
He built an application called Amity DeFi at the age of 16, which had thousands of users and allowed on-chain transactions on Discord.
TABASCO joined Particle Network as a developer relations position and eventually became the lead of their developer relations team.
Particle Network is an L1 chain that focuses on chain abstraction and universal accounts, aiming to improve user experience and solve the problem of fragmented UX in the crypto space.
The future-proof architecture of Particle Network allows for adaptability and interoperability with other account-level solutions, ensuring a seamless user experience.
The community should strive for unopinionated neutral infrastructure to avoid further fragmentation and create a unified ecosystem. Chain abstraction can be categorized into three layers: application layer, account layer, and blockchain layer.
Collaboration is strong vertically within each layer, while competition and potential fragmentation exist horizontally between account layer solutions and blockchain layer solutions.
The goal of chain abstraction is to create chain-agnostic applications that allow users to interact with any blockchain without needing to know the underlying chains.
Incentives for launching chain abstraction solutions include value creation through transaction fees and the shift towards quality-driven applications.
The market will reward applications that provide a seamless user experience and capture user value.
Chapters
00:00 TABASCO's Journey into Crypto and Particle Network
06:20 The Construction of Particle Network
11:32 The Future-Proof Architecture of Particle Network
17:14 The Importance of Adaptability and Interoperability
24:58 Striving for Unopinionated Neutral Infrastructure
30:43 Collaboration and Competition in the Chain Abstraction Stack
35:27 Creating Chain-Agnostic Applications for a Seamless User Experience
43:42 Incentives for Launching Chain Abstraction Solutions
49:15 The Shift Towards Quality-Driven Applications in the Crypto Space
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In this episode host Altan Tutor (CEO of Nuffle Labs) and Michael Kelly (CPO of Open Forest Protocol) sit down with Andy Cavanaugh & Robert Klages (Founders of The Rollup) to discuss chain abstraction and share more about their company, The Rollup. The Rollup is a blockchain / crypto media company specializing in writing and reporting on the development of L1 blockchains, L2s, dApps, new infrastructure primitives, and why it all matters!• Chain abstraction involves abstracting away the complexity of blockchain infrastructure and providing a seamless user experience. • The chain abstraction stack is modular and consists of various components such as permissions, order flow, solver networks, and settlements. • The focus should be on cross-chain interaction and bridging, as well as improving the on-ramp experience and reducing gas fees. In the future, users are expected to participate in the Web3 economy through wallets that integrate with popular platforms like Amazon, using Ethereum for payments. • The intersection of L2s, modular chains, and ZK rollups will play a crucial role in achieving chain abstraction. Chain abstraction is a key concept in the modularization of blockchain networks. • Front-end applications are becoming more consumer-facing, while the back-end focuses on modularity and chain abstraction. • Fragmentation is a challenge in Ethereum's roll-ups, and interoperability solutions are needed. The on-ramp and off-ramp experiences are important areas for improvement in the blockchain space. • Shared security and restaking have the potential to impact the ecosystem. The best-case scenario for shared security is the successful implementation of slashing, proper risk management, and new application possibilities. • The worst-case scenario for shared security is the failure of risk management, leading to liquidation cascades and the collapse of the experiment.Chapters00:00 Introduction to Chain Abstraction 08:32 The Modular Stack and Components 10:18 Focus Areas for Chain Abstraction 25:13 The Future of User Participation 26:57 The Role of L2s, Modular Chains, and ZK Rollups 27:27 The Future of Chain Abstraction 29:45 Addressing the Challenges of Fragmentation 31:42 The Importance of On-Ramp and Off-Ramp Experiences 33:03 The Potential Impact of Shared Security and Restaking 47:03 Best-Case Scenario: Successful Implementation of Shared Security 48:49 Worst-Case Scenario: Failure of Risk Management in Shared Security About The RollupThe Rollup is a podcast and interview platform where Web3 leaders and experts share insights on their companies and the latest crypto news. It's also an educational hub for all things Web3 and cryptocurrency.Social ChannelsTwitter/X:@ayyyeandy@robbie_rollupJoin NEAR's community:Website: https://near.org/NEAR AI: https://near.ai/Twitter: https://twitter.com/NEARProtocolBlog: https://near.org/blog/Medium: https://medium.com/nearprotocolGitHub: https://github.com/near Dev Docs: https://docs.near.org/#NEAR #nearprotocol #NEARAI
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In this episode Altan Tutar, Co-Founder & CEO at Nuffle Labs. Nuffle labs is NEAR DA & fast finality layer. Talks with the Fluent team about their platform designed to enable blended execution environments. They explore how Fluent allows developers to run applications across different standards with native interoperability of what can be built on blockchain. With support for various VMs, including Solana, Fluent is paving the way for a more flexible and unified development experience. The team also shares their roadmap, including the upcoming mainnet launch.
Takeaways
Fluent aims to unify different execution environments and provide a blended execution experience for developers.
Blended execution involves abstracting VMs within an execution environment, allowing for more expressive and customizable development.
It supports existing web3 APIs and tooling, allowing developers to deploy applications without modifications.
Fluent also allows the use of libraries from different VMs, providing a maximally expressive environment for developers.
From the user perspective, Fluent is compatible with existing wallets and offers a seamless experience for interacting with different VMs. Fluent believes in the future of many chains and roll-ups, but sees blended execution as a better way to build the execution environment for developers.
Chain abstraction is the key to unifying different chains, and Fluent provides a way to abstract away from specific technologies and use any execution environment.
Fluent aims to give developers and users the flexibility to choose the technology they want to use.
Chapters
00:00 Introduction and Background
03:09 How Fluent Came Together
05:30 Blended Execution and the Value of EVM
08:07 The Benefits of Blended Execution
11:01 Developer and User Experience with Fluent
21:23 Chain Abstraction and Fluent's Role
27:30 Concrete Solutions for Chain Abstraction
30:47 Applications and Use Cases for Fluent
40:43 Development Status and Roadmap
44:36 Key Takeaways and Contact Information
Host:
Altan Tutar is the Co-Founder / CEO at Nuffle Labs. Prior to Nuffle, Altan was a Partner Engineer at the NEAR Foundation. He holds a master's degree in computer science from Imperial College London, where he researched deep learning methods for robotics.
https://x.com/nufflelabs
https://x.com/mraltantutar
Dino Savonin - CEO & Co-Founder https://x.com/0xDinoEggs
Dmitry Savonin - CTO & Co-Founder https://x.com/dmitry_savonin
https://fluent.xyz/
DISCLAIMER
The content herein is provided for educational, informational, and entertainment purposes only, and does not constitute an offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction, nor should not be relied upon as advice to buy, sell or hold any of the foregoing. This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor. NEAR Foundation and its agents, advisors, council members, officers and employees (the “Foundation Parties”) make no representation or warranties, expressed or implied, as to the accuracy of the information herein and expressly disclaims any and all liability that may be based on such information or any errors or omissions therein. The Foundation Parties shall have no liability whatsoever, under contract, tort, trust or otherwise, to any person arising from or related to the content or any use of the information contained herein by you or any of your representatives. All opinions expressed herein are the speakers’ own personal opinions and do not reflect the opinions of any entities. -
In this episode of Chain Absatracted, Sid from Electric Capital discusses his background in crypto and role at Electric Capital. Together with Altan they explore the concept of chain abstraction and its impact on the crypto ecosystem. They discuss the proliferation of L1 and L2 chains, the challenges of fragmentation, and the importance of community and brand loyalty. They also touch on the value of restaking, the future of DeFi, and the potential for cross-margin trading. Sid emphasizes the need for open-mindedness and willingness to adapt in the rapidly changing crypto landscape.Takeaways• Chain abstraction allows for the use of any DApp on any chain from any wallet, enabling a more seamless user experience. • The proliferation of L1 and L2 chains and the fragmentation of communities present challenges and opportunities in the crypto space. • The value accrual in the crypto ecosystem can vary across different chains and protocols, with DeFi protocols capturing significant value. • Tokens play a crucial role in capturing and distributing value within the crypto ecosystem, and their incentives and governance models are important considerations. • The development of cross-margin capabilities, Bitcoin DeFi, and real-world asset integration are exciting areas to watch in the future. • Entrepreneurs should be willing to jump in, ask questions, and stay open-minded in order to navigate the rapidly evolving crypto landscape.Timestamps:00:00 Introduction and Background14:02 The Value of L1 and L2 Chains20:33 Understanding Chain Abstraction25:09 The Impact on Developers31:02 The Future of DeFi37:01 Advice for EntrepreneursAbout Sid VenkateswaranSid Venkateswaran is a Protocol Specialist at Electric Capital. Prior to joining the venture firm, Sid worked as a trader/APM at FalconX, a digital asset prime brokerage. He holds a degree in physics from the University of Illinois, where he also interned at IEX.About Electric CapitalElectric Capital is a venture firm specializing in cryptocurrencies, blockchain, fintech, and marketplaces. Their unique investment approach emphasizes community building, hands-on protocol expertise, and strategic product guidance. Notable investments include Kraken, dYdX, NEAR, and Bitwise.SocialsTwitter/X: @sidmvenkatLinkedIn: Sid VenkateswaranWebsite: Electric CapitalJoin NEAR's community:Website: https://near.org/NEAR AI: https://near.ai/Twitter: https://twitter.com/NEARProtocolBlog: https://near.org/blog/DISCLAIMERThe content herein is provided for educational, informational, and entertainment purposes only, and does not constitute an offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction, nor should not be relied upon as advice to buy, sell or hold any of the foregoing. This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor. NEAR Foundation and its agents, advisors, council members, officers and employees (the “Foundation Parties”) make no representation or warranties, expressed or implied, as to the accuracy of the information herein and expressly disclaims any and all liability that may be based on such information or any errors or omissions therein. The Foundation Parties shall have no liability whatsoever, under contract, tort, trust or otherwise, to any person arising from or related to the content or any use of the information contained herein by you or any of your representatives. All opinions expressed herein are the speakers’ own personal opinions and do not reflect the opinions of any entities.
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Kendall Cole is the founder of Proximity Labs, a research and development firm, and serves as the Head of Product at NEAR Protocol. Previously, he was a Product Manager at Kauri and ConsenSys, roles that highlight his extensive experience in the blockchain industry.Twitter/X: @kendaIIcLinkedIn: Kendall ColeWebsite: Proximity LabsAltan, Joe, and Kendall discuss Chain Signatures, a distributed MPC network that allows NEAR smart contracts or accounts to sign transactions for any blockchain. They explore keeping NEAR users within the NEAR context while interacting with other chains, highlighting NEAR's smart accounts and scalability for chain abstraction. They detail the technical flow, cost implications, and user experience of using Chain Signatures, which abstracts different blockchains to simplify user interactions. While some transactions require settlement times, intermediate steps can be settled in near real-time, enabling seamless applications that integrate multiple blockchains, from improving Bitcoin lending user experiences to creating new applications leveraging chain signatures.Takeaways• Chain Signatures is a distributed MPC network that enables NEAR smart contracts or accounts to sign transactions for any blockchain, unlocking a new design space for interoperability.• The technical flow of using Chain Signatures involves a smart contract that listens to signature requests and an operator network that computes the signatures.• The cost of using Chain Signatures depends on the gas costs of the destination chain, but NEAR's low gas costs and ability to offload interactions can help reduce costs.• Chain Signatures offers the opportunity for developers to create user experiences that are less transactional and more seamless, abstracting away the need for constant transaction signing.Timestamps:01:25 Enabling Interoperability with Chain Signatures02:50 Keeping Users within the NEAR Ecosystem08:04 NEAR's Unique Features for Chain Abstraction15:37 Technical Flow of Requesting and Signing Transactions21:20 Cost Implications of Using Chain Signatures23:17 Community Governance of Chain Signatures24:05 Abstracting the Complexity of Interacting with Multiple Blockchains26:30 Improving the Trading Experience for Bitcoin-Based Assets28:26 Creating a Retail-Friendly Bitcoin Lending Protocol30:51 Building Applications that Compose Multiple Different Blockchains37:45 Supporting the Launch of Chain SignaturesDISCLAIMERThe content herein is provided for educational, informational, and entertainment purposes only, and does not constitute an offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction, nor should not be relied upon as advice to buy, sell or hold any of the foregoing. This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor. NEAR Foundation and its agents, advisors, council members, officers and employees (the “Foundation Parties”) make no representation or warranties, expressed or implied, as to the accuracy of the information herein and expressly disclaims any and all liability that may be based on such information or any errors or omissions therein. The Foundation Parties shall have no liability whatsoever, under contract, tort, trust or otherwise, to any person arising from or related to the content or any use of the information contained herein by you or any of your representatives. All opinions expressed herein are the speakers’ own personal opinions and do not reflect the opinions of any entities.
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Yair Cleper, Co-founder of Lava, discusses the importance of chain abstraction and the role of Lava in providing a data access layer for blockchain networks. Lava started with decentralized RPC and expanded to include indexing, subgraph, and oracles. The Lava network operates as a marketplace, where RPC providers stake Lava tokens to serve requests and receive rewards based on the quality of service. Lava aims to simplify the infrastructure for developers and users, ensuring reliable and seamless access to blockchain networks. Lava just launched mainnet and is focused on expanding adoption in the coming months.
About Lava Network
Lava Network is developing the standard for blockchain RPC/APIs and acts as the “access layer for blockchains.” It is the first SDK providing dApps with high uptime, fast RPC - through a global network of incentivized node runners.
Takeaways:
Chain abstraction is crucial for simplifying the infrastructure and providing reliable access to blockchain networks.
Lava serves as a marketplace for RPC providers, who stake Lava tokens to offer their services and receive rewards based on the quality of service.
The Lava network aims to make it easier for developers and users to interact with multiple chains by providing a seamless data access layer.
The team is focused on achieving product-market fit and expanding partnerships with different chains to further enhance the Lava ecosystem.
Chapters
00:00 Introduction and Background
03:49 Lava: A Data Access Layer for Blockchain Networks
09:23 Lava as a Marketplace for RPC Services
14:39 Lava Pools: Incentivizing Providers and Chains
21:44 Restaking and Influencing the Network Performance
28:00 The Importance of Access in a Multi-Chain World
34:47 Lava's Role in Aggregating Chains and Services
39:43 Key Takeaways and Future Outlook
About Yair Cleper
Yair Cleper the co-founder and CEO of Lava Network, an incentive layer for fast and decentralized connection to any blockchain. Prior to jumping into Web3, Yair was a successful Web2 founder at Supersmart and Octopai. He is also an investor with CodiumAI.
Twitter/X: https://x.com/yaircleper
LinkedIn: Yair Cleper
Website: https://www.lavanet.xyz/
DISCLAIMER
The content herein is provided for educational, informational, and entertainment purposes only, and does not constitute an offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction, nor should not be relied upon as advice to buy, sell or hold any of the foregoing. This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor. NEAR Foundation and its agents, advisors, council members, officers and employees (the “Foundation Parties”) make no representation or warranties, expressed or implied, as to the accuracy of the information herein and expressly disclaims any and all liability that may be based on such information or any errors or omissions therein. The Foundation Parties shall have no liability whatsoever, under contract, tort, trust or otherwise, to any person arising from or related to the content or any use of the information contained herein by you or any of your representatives. All opinions expressed herein are the speakers’ own personal opinions and do not reflect the opinions of any entities.
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In this episode of Chain Abstracted, Jesse Eckel (founder of the podcast Never Die: A Crypto Podcast) talks filming luxury weddings to diving into the world of cryptocurrency. He discusses his experiences, chain abstraction, and the future of decentralized finance and blockchain technology.
Takeaways
Journey into Crypto: Jesse transitioned from a successful videography business to crypto investing after the pandemic, highlighting resilience and adaptability. Chain Abstraction Importance: Emphasis on moving past infrastructure wars to focus on application development and user experience in the crypto space. Future of Crypto: Predictions on the evolution of blockchain technology, including the significance of super networks and specialized chains. Value of Decentralization: The importance of security and decentralization in building robust, trustworthy blockchain networks. Advice for Newcomers: Encouragement for new entrants to focus on education, ethics, and solving real-world problems rather than just seeking financial gains.About Jesse Eckel
Social Channels
Twitter/X: @Jesseeckel
LinkedIn: Jesse Eckel
Spotify: Never Die: A Crypto Podcast
Jesse Eckel is the founder of the podcast Never Die: A Crypto Podcast, where he invites guests to discuss the latest trends in the crypto world. In addition to his podcast, Jesse founded Oathpact Ventures and Hammer Forged Creative and co-founded Levenue. He also shares his crypto research and insights on his YouTube channel, offering valuable perspectives to over 200k subscribers.
About Never Die: A Crypto Podcast
Never Die: A Crypto Podcast was created by Jesse Eckel and features notable guests such as Illia Polosukhin, Niraj Pant, and Brendan Farmer. On the podcast, they discuss various crypto-related projects/topics.
Hosts:Altan Tutar Co-founder of Nuffle Labs https://x.com/mraltantutar
Michael Co-Founder and CPO of Open Forest Protocol @ozymandius_
Website: https://chainabstracted.com/
Connect with NEARWebsite: https://near.org/
Twitter: https://x.com/nearprotocol
DISCLAIMERThe content herein is provided for educational, informational, and entertainment purposes only, and does not constitute an offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction, nor should not be relied upon as advice to buy, sell or hold any of the foregoing. This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor. NEAR Foundation and its agents, advisors, council members, officers and employees (the “Foundation Parties”) make no representation or warranties, expressed or implied, as to the accuracy of the information herein and expressly disclaims any and all liability that may be based on such information or any errors or omissions therein. The Foundation Parties shall have no liability whatsoever, under contract, tort, trust or otherwise, to any person arising from or related to the content or any use of the information contained herein by you or any of your representatives. All opinions expressed herein are the speakers’ own personal opinions and do not reflect the opinions of any entities.
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This podcast episode features Joshua from RSS3, discussing the project's mission to create an open, decentralized information network for Web3. Joshua explains RSS3's approach to aggregating data from various protocols, their recent mainnet launch, and their vision for the future of social media and content distribution in a decentralized web ecosystem.
Joshua Meng is the founder of RSS3 and is a dedicated advocate for open information. He is also the author of the Open Information Manifesto, and an initiator of the Open Information Grant.
RSS3 is a decentralized network indexing and structuring open information, making it accessible and valuable for the next Twitter, Google, and OpenAI.
Social Channels
Twitter/X: https://x.com/joshuarss3
LinkedIn: https://www.linkedin.com/in/joshua-meng-047704261/?originalSubdomain=nz
Website: https://rss3.io/
Takeaways
RSS3 aims to standardize and aggregate information from various decentralized protocols to create a unified, open web experience. The project is developing both a decentralized information network and a blockchain layer (V-Sell) to support crypto-economic activities. RSS3 envisions three coexisting systems in the Web3 social landscape: pure Web3 communities, bridged Web2 platforms, and Open Web approaches. The project is working on innovative applications like a cross-protocol search engine and a content aggregator that combines Web1, Web2, and Web3 information. RSS3 partnered with NEAR for data availability solutions, emphasizing the importance of technical stability and shared vision in choosing collaborators.Timestamps
00:00:00 - Introduction and background of RSS300:05:35 - Explanation of RSS3's node network and information aggregation00:07:16 - Discussion of RSS3's value layer and recent mainnet launch00:14:37 - Timeline of RSS3's development and future plans00:16:17 - Exploration of chain abstraction concept00:19:06 - Analysis of current state and future of Web3 social platforms00:23:34 - Overview of RSS3's ecosystem products (search engine and content aggregator)00:26:38 - Discussion of RSS3's work on open agent frameworks00:29:50 - Insights on NEAR partnership and data availability solutions00:34:01 - Closing thoughts and future vision for the Open Web
DISCLAIMER
The content herein is provided for educational, informational, and entertainment purposes only, and does not constitute an offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction, nor should not be relied upon as advice to buy, sell or hold any of the foregoing. This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor. NEAR Foundation and its agents, advisors, council members, officers and employees (the “Foundation Parties”) make no representation or warranties, expressed or implied, as to the accuracy of the information herein and expressly disclaims any and all liability that may be based on such information or any errors or omissions therein. The Foundation Parties shall have no liability whatsoever, under contract, tort, trust or otherwise, to any person arising from or related to the content or any use of the information contained herein by you or any of your representatives. All opinions expressed herein are the speakers’ own personal opinions and do not reflect the opinions of any entities. -
We explore the intersections of AI, blockchain, and chain abstraction, unpacking how these technologies are shaping the future. Anand Iyer - Managing Partner @ Canonical investing - shares his unique journey from coding to leading an early-stage fund focused on groundbreaking innovations. We discuss the importance of user-owned AI, the potential of decentralized systems, and the evolving landscape of data privacy.
And he has one of the best X/twitter handles
https://x.com/ai
Takeaways
Chain abstraction allows developers and users to leverage various capabilities across different blockchain platforms. User-owned AI is crucial for maintaining data privacy and ensuring transparency and verifiability. The intersection of AI and crypto presents opportunities for building a decentralized and user-centric AI ecosystem. Data privacy and energy consumption are important considerations in the development of AI and crypto technologies. Building for the future and manifesting a vision of a decentralized AI ecosystem is key.00:00
Introduction and Background
02:46
Exploring Chain Abstraction and its Importance
04:13
The Intersection of AI and Crypto
06:31
User-Owned AI and the Future of Agents
09:51
The Need for Data Privacy and Transparency
11:47
Challenges and Opportunities in Decentralizing AI
21:32
Building for the Future: Manifesting a Decentralized AI Ecosystem
32:29
The Importance of Differentiation and Defensibility
34:29
Final Thoughts and Call to Action
DISCLAIMERThe content herein is provided for educational, informational, and entertainment purposes only, and does not constitute an offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction, nor should not be relied upon as advice to buy, sell or hold any of the foregoing. This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor. NEAR Foundation and its agents, advisors, council members, officers and employees (the “Foundation Parties”) make no representation or warranties, expressed or implied, as to the accuracy of the information herein and expressly disclaims any and all liability that may be based on such information or any errors or omissions therein. The Foundation Parties shall have no liability whatsoever, under contract, tort, trust or otherwise, to any person arising from or related to the content or any use of the information contained herein by you or any of your representatives. All opinions expressed herein are the speakers’ own personal opinions and do not reflect the opinions of any entities.
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Altan and Jared interview Rushi Manche, co-founder Movement Labs, about his background and work Movement project, focusing on chain abstraction and scalability challenges in the Ethereum Virtual Machine (EVM). They discuss the need for parallel processing, Movement's unified execution layer, and the importance of shared sequencers. They also explore AI agents optimizing transactions and the future of chain abstraction. Additionally, they cover centralization vs. decentralization in Web3, community building, and the importance of collaboration among blockchain projects.
Rushi Manche https://x.com/rushimanche
Movement Labs https://x.com/movementlabsxyz
Takeaways:
Scalability is a major challenge in the Ethereum Virtual Machine (EVM), and parallel processing is needed to handle high transaction volumes. Movement aims to provide a unified execution layer for different roll-ups, allowing for seamless interoperability between them. Shared sequencers are a key component of chain abstraction, enabling different roll-ups to communicate and interact with each other. AI agents have the potential to optimize transactions and route them through the most efficient paths in the infrastructure. There is a need for more decentralization in various parts of the Web3 stack, but economic incentives often favor centralized solutions. Centralization and decentralization are important concepts in Web3, and the balance between the two is crucial. Community building is essential for the success of blockchain projects, and founders should prioritize engaging with their communities. Collaboration and alliances among different blockchain projects can lead to innovation and growth in the industry. The movement protocol aims to provide a secure hub for on-chain DeFi on Ethereum, with a focus on modular design and collaboration. Founders should be active on social media and build strong narratives to attract attention and support for their projects.Hosts:Altan Tutar / mraltantutar Jared https://x.com/jarednotjerry1Website: https://chainabstracted.com/Connect with NEARWebsite: https://near.org/Twitter: / nearprotocol DISCLAIMERThe content herein is provided for educational, informational, and entertainment purposes only, and does not constitute an offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction, nor should not be relied upon as advice to buy, sell or hold any of the foregoing. This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor. NEAR Foundation and its agents, advisors, council members, officers and employees (the “Foundation Parties”) make no representation or warranties, expressed or implied, as to the accuracy of the information herein and expressly disclaims any and all liability that may be based on such information or any errors or omissions therein. The Foundation Parties shall have no liability whatsoever, under contract, tort, trust or otherwise, to any person arising from or related to the content or any use of the information contained herein by you or any of your representatives. All opinions expressed herein are the speakers’ own personal opinions and do not reflect the opinions of any entities.
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In this episode, we talk with Erica Kang (Krypto Seoul and Erica Planet) about the importance of community building in the Web3 space. Erica shares her journey into crypto, her strategies for effective networking, and her tips for organizing successful events.
Connect with Erica👇
Erica Kang https://x.com/ekang426
Krypto Seoul https://x.com/KryptoSeoul
Erica Planet https://x.com/ericaplanet
Takeaways:
Community Focus: Building a strong community is essential for project success. Networking Skills: Effective networking requires being open-minded and genuine. Event Organization: Curate high-quality events by carefully selecting sponsors and speakers. Personal Branding: A strong personal brand can enhance career flexibility and opportunities. Global Perspective: Balancing local and global networks is key to expanding influence.Timestamps
00:16 - Introduction of Erica 01:12 - Crypto journey 02:00 - Early career and transition 03:07 - Community building approach 05:26 - Importance of personal brand 10:02 - Effective networking strategies 20:00 - Chain abstraction and interoperability 27:00 - Organizing successful events 36:00 - Leveraging social mediaHosts:Altan Tutar https://twitter.com/mraltantutar
Jared https://x.com/jarednotjerry1
Website: https://chainabstracted.com/Connect with NEARWebsite: https://near.org/Twitter: https://twitter.com/NEARProtocolDISCLAIMERThe content herein is provided for educational, informational, and entertainment purposes only, and does not constitute an offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction, nor should not be relied upon as advice to buy, sell or hold any of the foregoing. This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor. NEAR Foundation and its agents, advisors, council members, officers and employees (the “Foundation Parties”) make no representation or warranties, expressed or implied, as to the accuracy of the information herein and expressly disclaims any and all liability that may be based on such information or any errors or omissions therein. The Foundation Parties shall have no liability whatsoever, under contract, tort, trust or otherwise, to any person arising from or related to the content or any use of the information contained herein by you or any of your representatives. All opinions expressed herein are the speakers’ own personal opinions and do not reflect the opinions of any entities.
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In this episode, Sam Kazemian, founder of Frax, to discuss the evolution of stablecoins and their impact on digital economies. Sam shares his journey into crypto, the creation of Frax, and its innovative approach to stability. The conversation covers Frax’s integration with NEAR Protocol, the Frax Ferry for cross-chain functionality, and the future of decentralized digital economies.
Sam Kazemian - https://x.com/samkazemian
Frax Finance - https://x.com/fraxfinance
Takeaways
The Origins and Vision of Frax:Sam Kazemian discusses his journey into crypto and the motivations behind creating Frax.
Understanding Stablecoin Mechanisms:Explanation of how Frax maintains stability through algorithmic monetary policy and full collateralization.
Integration with Near Protocol:Highlighting Frax’s partnership with Near Protocol to enhance liquidity and usability through native asset issuance.
Frax Ferry and Cross-Chain Functionality:Introduction of the Frax Ferry as a decentralized solution for secure and efficient cross-chain asset movement.
Future of Digital Economies:Exploration of the role of stablecoins and blockchain in creating decentralized digital economies, including concepts like the network state and digital ownership.
Timestamps:
[00:00] - Introduction and Welcome
[05:29] - The Birth of Frax
[10:45] - Stablecoin Landscape Overview
[16:20] - Understanding Frax’s Monetary Policy
[20:29] - Integration with Near Protocol
[24:55] - Chain Abstraction and Future Vision
[30:40] - Frax Ferry Mechanism
[35:09] - Network State and Digital Economies
[41:25] - Community and Ecosystem Growth
Hosts:
Altan Tutar https://twitter.com/mraltantutar
Website: https://chainabstracted.com/
Connect with NEAR
Website: https://near.org/
Twitter: https://twitter.com/NEARProtocol
DISCLAIMER
The content herein is provided for educational, informational, and entertainment purposes only, and does not constitute an offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction, nor should not be relied upon as advice to buy, sell or hold any of the foregoing. This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor. NEAR Foundation and its agents, advisors, council members, officers and employees (the “Foundation Parties”) make no representation or warranties, expressed or implied, as to the accuracy of the information herein and expressly disclaims any and all liability that may be based on such information or any errors or omissions therein. The Foundation Parties shall have no liability whatsoever, under contract, tort, trust or otherwise, to any person arising from or related to the content or any use of the information contained herein by you or any of your representatives. All opinions expressed herein are the speakers’ own personal opinions and do not reflect the opinions of any entities. -
Oleg Fomenko is co-founder of Sweatcoin and Sweat Economy. Sweat Economy,, tracks users' physical activity, verifies it, and converts it into value through Sweatcoins and the Sweat Wallet app. This system enables users to monetize their movement, providing an innovative approach to incentivize physical activity. The project leverages blockchain technology to secure data and prevent fraudulent activities while promoting a healthier lifestyle.
Oleg https://twitter.com/oleg_fem?lang=en
Sweat Economy
https://twitter.com/SweatEconomy
https://sweateconomy.com/
Takeaways
Sweat Economy tracks users' movement and converts it into sweat coins, which can be redeemed for rewards. They have multiple revenue streams, including partnerships with brands, advertising, and premium subscriptions. Sweat Economy prioritizes user privacy and does not sell user data. The company believes that infrastructure investment in Web3 will eventually shift towards consumer-focused applications. Chain abstraction is important in the NEAR ecosystem as it allows users to have control over their assets on different chains. Building for the mass market requires a focus on mobile Capital allocators should prioritize active users over TVL as a metric for success. The movement economy has the potential to create value for individuals, insurers, healthcare providers, employers, and countries.Timestamps
00:00
Introduction to Sweat Economy
02:19
Walking into Crypto with Sweat Economy
04:13
Earning and Winning with Sweat Economy
05:59
User Privacy and Data Protection
13:05
Revenue Streams of Sweat Economy
15:12
User Data and Ethical Practices
25:16
Chain Abstraction and the Near Ecosystem
31:25
The Shift to Consumer Crypto
36:31
Building for the Mass Market: Mobile
38:53
Prioritizing Active Users over TVL
40:59
The Future of Sweat Economy
45:06
The Value of the Movement Economy
Hosts:
Jared Thompson https://twitter.com/jarednotjerry1
Altan Tutar https://twitter.com/mraltantutar
Website: https://chainabstracted.com/
Connect with NEAR
Website: https://near.org/
Twitter: https://twitter.com/NEARProtocol
DISCLAIMER
The content herein is provided for educational, informational, and entertainment purposes only, and does not constitute an offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction, nor should not be relied upon as advice to buy, sell or hold any of the foregoing. This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor. NEAR Foundation and its agents, advisors, council members, officers and employees (the “Foundation Parties”) make no representation or warranties, expressed or implied, as to the accuracy of the information herein and expressly disclaims any and all liability that may be based on such information or any errors or omissions therein. The Foundation Parties shall have no liability whatsoever, under contract, tort, trust or otherwise, to any person arising from or related to the content or any use of the information contained herein by you or any of your representatives. All opinions expressed herein are the speakers’ own personal opinions and do not reflect the opinions of any entities.
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In this episode we talk with Peter Volnov (Co-founder & CEO of HERE Wallet) The HERE Wallet is a NEAR mobile wallet app that allows users to buy and sell coins, stake, and mine HOT.. The HOT Protocol is their technology layer that enables chain abstraction, allowing users to control accounts on different chains using a smart contract.
Peter Volnov: https://twitter.com/p_volnov
HERE Wallet: https://twitter.com/here_wallet
HERE Wallet website: https://www.herewallet.app/
HOT Protocol: https://twitter.com/hotdao_
Takeaways:
The HERE Wallet is a mobile application that offers various functionalities such as buying and selling coins, staking, and mining. The HOT Protocol enables chain abstraction, allowing users to control accounts on different chains using a smart contract. The HOT Protocol offers various use cases, including creating a marketplace for accounts and providing recovery services. Authentication methods are evolving, and there is potential for using existing app providers for authorization.0:00 Introduction
0:52 - HERE wallet launch in 2022
2:15 - What HERE wallet in 2024 is coming to
3:55 - What is Chain Abstraction
4:45 - What is MPC wallet
5:25 - NEAR solves the problem of centralization
6:15 - Where did the decision to do your own protocol come from
6:50 - What is HOT Protocol
8:33 - WEB3 App Store in Telegram
9:50 - Browser extension announcement
10:30 - Not a super app, but an open source SDK
11:11 - NEAR NFT marketplace overtook Blur by amount of traders
11:25 - New applications on top of HOT Protocol
13:05 - Telegram wallet for EVM
13:49 - Chain Abstraction - next step for web3
14:23 - How many users have made a deposit during the HOT
14:50 - Open ecosystem
16:00 - Importance of applications and UX
16:50 - Comparing web2 and web3 and the tradeoffs between them
19:10 - Bridges and key ownership
21:18 - Seed phrases recovery
23:20 - Scam protection
24:47 - What kind of applications can be built on HOT Protocol
26:47 - Accounts Marketplace
29:00 - Wallet technology hasn't changed in years
30:53 - Seed phrase and Authentication
33:27 - Every transaction on HOT Protocol is a transaction on NEAR Protocol
34:18 - Worldcoin
36:21 - Plans for 3-6 months on on HOT Protocol
38:14 - Plans for 3-6 months on on HERE wallet and commissions in HOT
42:10 - We build MPC Protocol with open SDK
Hosted by:
Jared https://twitter.com/jarednotjerry1
Altan Tutar https://twitter.com/mraltantutar
Website: https://chainabstracted.com/
Connect with NEAR
Website: https://near.org/
Twitter: https://twitter.com/NEARProtocol
DISCLAIMER
The content herein is provided for educational, informational, and entertainment purposes only, and does not constitute an offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction, nor should not be relied upon as advice to buy, sell or hold any of the foregoing. This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor. NEAR Foundation and its agents, advisors, council members, officers and employees (the “Foundation Parties”) make no representation or warranties, expressed or implied, as to the accuracy of the information herein and expressly disclaims any and all liability that may be based on such information or any errors or omissions therein. The Foundation Parties shall have no liability whatsoever, under contract, tort, trust or otherwise, to any person arising from or related to the content or any use of the information contained herein by you or any of your representatives. All opinions expressed herein are the speakers’ own personal opinions and do not reflect the opinions of any entities
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Ep 3 of the Chain Abstracted podcast with guest Zaki Manian [Cofounder of Sommelier Protocol, Co-Founder of Iqlusion], where we're talking about chain abstraction—a way to make using blockchain simple for everyone.
Zaki Manian - https://twitter.com/zmanian
Sommelier Protocol - https://twitter.com/sommfinance
Iqlusion - https://twitter.com/iqlusioninc
Takeaways:
Chain abstraction aims to simplify the user experience in the blockchain industry. It eliminates the need for users to have extensive knowledge of different blockchains and their ecosystems. The value accrual in this model is focused on the application layer. The goal is to create a user-friendly experience where users can easily use blockchain applications without the need for technical expertise. Chain abstraction is essential for creating a seamless user experience in Web3. Combining visionary ideas with fun and engaging user experiences can drive adoption in the decentralized space. Karate Combat, a professional sports league owned by a DAO, is an example of integrating chain abstraction and creating a seamless user experience. Builders should explore chain abstraction and aim to make it invisible to users. The goal of Web3 is to create a decentralized ecosystem with diverse and engaging products and experiences.Hosts:Altan Tutar https://twitter.com/mraltantutarJared Thompson https://twitter.com/jarednotjerry1Podcast site: https://chainabstracted.com/Connect with NEARWebsite: https://near.org/Twitter: https://twitter.com/NEARProtocol
Chapters
00:00 Introduction to Chain Abstraction
07:46 Enabling Seamless User Experience
26:36 The Vision for a Decentralized and Usable World
32:59 Karate Combat: Integrating Chain Abstraction
45:10 Combining Visionary Ideas with Fun Experiences
51:18 Building a Diverse Web3 Ecosystem
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This episode of Chain Abstracted is with Lit Protocol, a platform for distributed programmable keys for Web3 digital ownership and secure key management using secure encrypted virtualization and multi-party computation. We also dive into a range of topics from the benefits of chain abstraction and the evolution of wallet technology to the integration of AI with blockchain and future developments of Lit Protocol.
Chris Cassano, Co-founder https://twitter.com/chriscassano
David Sneider, Co-founder https://twitter.com/davidlsneider
Takeaways
Lit Protocol is a network for distributed programmable keys that enables digital ownership and secure key management in Web3. The protocol combines secure encrypted virtualization (SEV) and threshold multi-party computation (MPC) to ensure the safety and privacy of key material. Lit Protocol has a wide range of use cases, including encryption, bridging, data marketplaces, and AI agents. The protocol is currently in a federated set but aims to become more permissionless in the future. Account-based chain abstraction offers advantages in terms of flexibility and ease of use, while MPC presents scalability challenges.2:19 Explaining Lit Protocol
3:52 Distributed and Programmable
5:46 Secure Encrypted Virtualization
8:44 Trusted Hardware Environment
10:43 Permissionless Network
12:41 MPC Network
14:15 Secure Encrypted Virtualization
16:14 Trusted Execution Environment
21:29 AI Agents and Personal Control
22:28 Web3 and Digital Ownership
24:18 Account-based vs Deposit-based Chain Abstraction
25:33 Pros and Cons of Account-based Model
26:43 Scalability Challenges of MPC
27:01 Optimizations and Future of MPC
28:05 Different Wallet Types and Account Abstraction
29:04 Self-Custody, Centralization, and MPC Keys
30:50 Login with Name and Crypto Domains
31:19 Authentication and Crypto Domains
32:03 Safety and Authentication Factors
33:08 Authentication Methods and Recovery
34:13 Evolution of Wallet Technology
36:15 Custom Authentication and Cross-Chain Multi-Sig
37:21 Chain Abstraction and User Experience
41:00 Decentralized Cloud Hardware Wallets
44:20 AI and Blockchain as Complementary Technologies
47:31 Abstraction and the New Computing Paradigm
50:29 Blockchain as a Refuge for Human Minds
52:25 Lit Protocol and Future Developments
Hosts:
Altan Tutar https://twitter.com/mraltantutar
Jared Thompson https://twitter.com/jarednotjerry1
Podcast site: https://chainabstracted.com/
Connect with NEAR
Website: https://near.org/
Twitter: https://twitter.com/NEARProtocol
DISCLAIMER
The content herein is provided for educational, informational, and entertainment purposes only, and does not constitute an offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction, nor should not be relied upon as advice to buy, sell or hold any of the foregoing. This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor. NEAR Foundation and its agents, advisors, council members, officers and employees (the “Foundation Parties”) make no representation or warranties, expressed or implied, as to the accuracy of the information herein and expressly disclaims any and all liability that may be based on such information or any errors or omissions therein. The Foundation Parties shall have no liability whatsoever, under contract, tort, trust or otherwise, to any person arising from or related to the content or any use of the information contained herein by you or any of your representatives. All opinions expressed herein are the speakers’ own personal opinions and do not reflect the opinions of any entities.
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Welcome to the launch of Chain Abstracted, where we delve into the intricacies of chain abstraction and other blockchain technologies, including how NEAR Protocol is pioneering a coherent, multi-chain experience for users and developers alike.
In this first episode we break down Chain Abstraction in 45 minutes withIllia Polosukhin (Co-Founder of NEAR Protocol) https://twitter.com/ilblackdragon
What is it, who's it for, how it works, for normies, for devs, for founders... we talk about it all!
Some takeaways.
Chain abstraction aims to abstract away the complexities of different blockchain networks, allowing users to interact with multiple chains using a single NEAR wallet. Account aggregation enables users and smart contracts to transact on different chains. Chain abstraction is not the same as bridging. It keeps assets on their respective chains and brings the user's account to the desired chain, reducing the risks and complexities associated with bridging. NEAR's chain abstraction enables cross-chain swaps and the building of various applications on different chains. Founders can benefit from chain abstraction by reaching a wider user base and unlocking the value of their products.Chapters
00:00
Introduction to Chain Abstraction
09:00
Launching Chains and the Power of Chain Abstraction
24:55
Trading Addresses and Expanding Possibilities
43:29
Unlocking Value for Founders with Chain Abstraction
Hosted by
Jared not Jerry https://twitter.com/jarednotjerry1
Altan Tutar https://twitter.com/mraltantutar
Website: https://chainabstracted.com/
DISCLAIMER
The content herein is provided for educational, informational, and entertainment purposes only, and does not constitute an offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction, nor should not be relied upon as advice to buy, sell or hold any of the foregoing. This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor. NEAR Foundation and its agents, advisors, council members, officers and employees (the “Foundation Parties”) make no representation or warranties, expressed or implied, as to the accuracy of the information herein and expressly disclaims any and all liability that may be based on such information or any errors or omissions therein. The Foundation Parties shall have no liability whatsoever, under contract, tort, trust or otherwise, to any person arising from or related to the content or any use of the information contained herein by you or any of your representatives. All opinions expressed herein are the speakers’ own personal opinions and do not reflect the opinions of any entities.
