Interledger as an open source project is seeing further development of its core infrastructure, new network participants and initial use cases. Given our focus at Xpring on creating a developer platform to build the Internet of Value, this progress is encouraging but we always get excited about new collaborators to pursue this mission.

Towards this, we’re thrilled to share that we’ve invested in Equilibrium Connect, a new company founded by Teemu Paivinen. Equilibrium Connect is all in on Interledger. In addition to contributing to the core protocol, they will operate an an Interledger node across multiple currencies (BTC, ETH and XRP) and offer a web services API for developers to easily access and build on the network. …


Similar to the internet’s layered protocol architecture, we’re seeing an analogous stack emerge in crypto. Separate layers allow communities to focus on specific problem sets while still enabling interactions between layers for the discrete capabilities to build on each other. The design approach is iterative, with multiple branching paths to arrive at new solutions, versus a single monolithic system.

The best examples of this layered architecture in crypto is in Layer 2 projects, such as payment channels and sidechains. While Layer 2 typically focuses on pure scaling solutions (e.g., increased transaction throughput), the additional design space off-chain is introducing new features and capabilities not previously feasible. In fact, it feels likely that Layer 2 projects will account for an increasing portion of innovation in the crypto space as Layer 1 base chains necessarily stabilize over time. Privacy in particular brings novel forms of utility beyond the first-order benefits of confidentiality, including better fungibility and improved computational models. …


Forte launched last month to solve a specific problem in gaming: how to better align player engagement and developer business models. New platforms enable new models: cloud and mobile evolved the gaming industry from shrink-wrapped discs delivering static experiences to free-to-play, social games that were constantly evolving and accessible across all platforms. This shift not only introduced business model innovations, such as in-game items, but also new user behavioral models such as virtual self-expression and online congregation. But on the way to the Metaverse, the balance between monetization and user fun became difficult to manage and were often in tension.

The parallel dynamic is that games have been a core driver of adoption for new platforms: personal computers, mobile, social and VR. The thesis extends that similar forces are at play between gaming and crypto and there are exciting early indicators of this. At Xpring, our core belief is that crypto presents an opportunity to realign interests and incentives of marketplaces of all types, including between gamers and developers. …


At Ripple, we made a very deliberate decision early on to focus our solutions on a single problem, use case and customer. The thesis was that focus would increase our team’s chances of being the best at solving that problem, and thereby gain real world traction. Our belief is that crypto can be applied to transform global payments and our conviction about crypto’s potential impact in financial services more broadly has only grown, in sometimes surprising and non-linear ways.

One thing we have learned is that liquidity is the lifeblood of financial products. As an example, in payments, a liquid market between US Dollars and Mexican Pesos enables more efficient remittances. …

About

Building in crypto > https://twitter.com/daranda

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store