Podcast — Interview: Particle Network, Ethan F.
Recap: “Chain Abstraction — Elevating UX Web3 to the Next Level”
🎙 Listen to the full recording 🎙
Top 3 Takeaways from Our Guest:
1. Crypto is entering a market set-up for success
The interview starts with a quick introduction of Ethan and asks him his opinion about the current market and the aftermath of the US elections. Despite his political views, he says crypto is set up for success in the upcoming months, not just from a price perspective but also from a developer and adoption angle. More consumers are getting into the space, subsequently putting more pressure on projects to create better and more user-friendly applications for the influx of new adopters to come with the current bull market.
2. Blockchain fragmentation is getting increasingly worse for users, and chain abstraction is here to solve that
The conversation continued by focusing on Chain Abstraction and what Particle Network offers users and developers to ensure seamless UX and a less fragmented blockchain ecosystem. Ethan says that user experience could be generally better, and there is currently no flow in many projects. Users, at the end of the day, don’t care too much about which blockchain they are on; they want to make sure they can trade and access their portfolios seamlessly. Particle Network’s Universal Account solves this by allowing users to have a single account with one single balance, no matter what chain it is usually on. Hence, the experience is no longer fragmented.
3. Chain Abstraction can benefit many verticals in the future
The interview ended with a question about another top narrative, Meme Coins. Ethan expressed he initially was not a fan of meme coins but has seen that it is an excellent use-case for the industry and that many people are now ok with the fact that one of the top use cases in the web3 space is speculation — derived from mainly the meme coin boom. When asked if he thinks the meme coin narrative is overshadowing infra or chain abstraction, he said, on the contrary, that he believes chain abstraction would be an excellent solution for meme coin trading by allowing people to trade more seamlessly via one account.
