In this week’s installment of “Hashing It Out,” we delve into the ever-changing world of Web3 and blockchain technology with Anurag Arjun, one of the co-founders of Avail. Our conversation explores the concept of unifying the Web3 ecosystem, the emergence of rollups, the challenges posed by fragmentation, and the innovative solutions that are paving the way for widespread adoption.
Arjun sheds light on the fragmentation of the Web3 ecosystem and how Avail aims to address it. He explains that the growing number of layer-1 and layer-2 blockchains, while offering valuable innovations, can also lead to fragmentation and confusion among users. To combat this, he emphasizes the importance of a modular architecture that allows multiple blockchains to operate on a secure base layer, sharing the same level of economic security.
Avail’s mission is to tackle this fragmentation by providing a scalable and dependable base layer for rollups. This enables the creation of multiple blockchains with diverse execution environments. Arjun also highlights the significance of data availability and zero-knowledge-proof technology in achieving scalability and resolving fragmentation issues. He envisions a future where rollups become the prevailing model for blockchains, offering developers flexibility and reducing friction in building decentralized applications.
Furthermore, Arjun discusses the challenges associated with conducting airdrops in 2024, emphasizing the need for clear communication and realistic expectations to avoid disappointing users. Avail recently made headlines by announcing a $600 million token airdrop that rewarded users on various networks, including Arbitrum, Optimism, Polygon, StarkWare, and zkSync.
In conclusion, Arjun expresses optimism about the future of Web3, anticipating advancements in rollup technology, zero-knowledge proofs, and increased awareness of these technologies beyond the realm of crypto enthusiasts.
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