Welcome again to Chain Response.
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Final week we didn’t publish a Chain Response publication, due to Thanksgiving. However we’re again at it this week and saying goodbye to November after an extended, eventful month full of lawsuits, value modifications and the standard crypto chaos.
Let’s get into it.
What’s taking place in web3
- Crypto enforcers wielded a heavy hand this year, but don’t expect it to get softer in 2024 (TC+)
- Optimism execs are optimistic for Ethereum’s future amid its ongoing scaling battle (TC+)
- Just how big of a recovery will it take to bring investors back to web3? (TC+)
- Binance and CEO ‘CZ’ plead guilty to federal charges, agreed to pay $4.3B in fines
- China’s tech giants dip their toes into web3, but prospects are limited so far
The most recent 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 velocity, whereas additionally decreasing prices for customers. It helps customers work together with Ethereum for about 10x cheaper by means of its blockchain and gives builders the flexibility to construct decentralized functions (dApps) in a quicker, scalable method.
Earlier than taking up this new position at Optimism, Ryan had a little bit little bit of a break, however was the president of Polygon Labs (he came on the podcast initially 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. Earlier than that she based Plasma Group, a analysis agency centered on addressing challenges associated to scaling Ethereum. She additionally beforehand managed blockchain initiatives at corporations like Zcash and Nasdaq.
We mentioned how layer-2 blockchains like Optimism are attempting 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
- Competitors between Ethereum and different blockchains
- Lengthy-term adoption
- Web3 gaming
Subscribe to Chain Response on Apple Podcasts, Spotify or your favourite pod platform to maintain up with the newest episodes, and please depart us a evaluation for those who like what you hear!
Comply with the cash
- Acctual raised $3.85 million to assist crypto corporations higher handle their payments
- Web3 schooling platform Open Campus bought a $3.15 million funding from Binance Labs
- Wind.app raised over $3 million to make DeFi accessible to common customers
- Decentralized perpetual trade MYX raised $5 million in a seed spherical at $50 million valuation
- Blockchain-built health and wellness app Coral bought a $3 million funding from TealLink
This record was compiled with info from Messari in addition to TechCrunch’s personal reporting.
What else we’re writing
Need to department out from the world of web3? Listed below are some articles on TechCrunch that caught our consideration this week.
- The 2024 IPO cohort is coming into focus as Shein, Reddit prep to go public (TC+)
- Here’s everything Amazon Web Services announced at AWS re:Invent
- If I’m being honest, I didn’t have what it takes to be a founder (TC+)
- Apple partner Foxconn to invest $1.5 billion in India
- European startup funding halved to $45B in 2023, says Atomico
Comply with me on Twitter @Jacqmelinek for breaking crypto information, memes and extra.
