Hashing It Out: Exploring the Next Web3 Wave by Anurag Arjun

In this week's episode, Hashing It Out dives into the evolving landscape of Web3 and blockchain technology with Avail founder Anurag Arjun. The discussion covers the convergence of the Web3 ecosystem, the rise of packages, the challenges of fragmentation, and the innovations that pave the way for mass adoption.

Arjun talks about 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 that offer new innovations can harm the space due to fragmentation and user confusion. He emphasizes the need for a modular architecture, where multiple blockchains can run on a secure base layer, sharing the same economic security.

Avail aims to address this fragmentation by providing a scalable and reliable base layer for blockchains, enabling the creation of multiple blockchains with different execution environments. Arjun emphasizes the importance of developing data availability and zero-knowledge-proof technology to address the issues of fragmentation. He envisions a future where blockchains will become the dominant model, providing flexibility and reducing friction for developers to build decentralized applications.

Additionally, Arjun outlined the challenges of conducting airdrops in 2024 and emphasized the need for clear communication and realistic expectations to avoid user frustration. Avail recently announced a $600 million token airdrop that rewards users for various networks including Arbitrum, Optimum, Polygon, Starkware, and zkSync.

It concludes by expressing his hopes for the future of Web3, anticipating developments in packet technology, zero-knowledge proofs, and increasing understanding of these technologies outside of the crypto bubble.

Listen to the latest episode of Hashing It Out on Spotify, Apple Podcasts or TuneIn. You can also browse Cointelegraph's full line of informative podcasts on the Cointelegraph Podcasts page.

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