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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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Saknas det avsnitt?
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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.
