hello and welcome back to Chain reaction a podcast where we unpack and explain the latest crypto news, drama and trends, breaking it down into blocks for the curious.
In this week’s edition, we talked about the virtual land sale that (temporarily) broke the blockchain. Yuga Labs’ infamous NFT downfall was chaotic to say the least. Users flooded the sell-off as if it were Supreme’s 2017 crash, engulfing the entire Ethereum network, resulting in multiple failed transactions and exorbitant gas fees. We’ve explained what went wrong and looked at some of the (potential?) fiasco conspiracy theories that seem to spring up every time a major event happens in the web3 world.
We then took a look at some big news from the OG of the decentralized internet – Wikipedia – which has decided to reject cryptocurrency donations, and talked about the tensions between regulators and cryptocurrencies that have escalated this week following a major maneuver by the US Securities and Exchange Commission. .
Our guest: Crypto VC and founder Jill Gunter
Jill Gunter holds a unique place in the crypto world as a venture partner at Slow Ventures and co-founder of the new Tier 1 blockchain project Espresso Systems (more on that in Anita’s article). here). As a former credit trader at Goldman Sachs, Jill is accustomed to explaining the nuances of cryptocurrencies to friends and colleagues in the world of traditional finance. We were excited to have her on the show to explain some complex concepts in simple and easy to understand terms, from why popular blockchains don’t provide user privacy to how new projects should approach attracting developers.
Credit: techcrunch.com /