Gm fam. Welcome to the Cross Chain Weekly - the weekly email that makes you a smarter cross chain insider. SBF has finally been arrested and he’s up against the Southern District of New York. This isn’t the New York Times. They are merciless. SDNY brought down the mafia (the Commission Trial), got Fat Tony Salerno, hounded financial criminals such as Mike Milken & Ivan Boesky, and handled Madoff. If you want to see what SBF is facing, dive in below:
Trigger warning maxis; the future is cross chain, so let’s dive in.
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Web3 messaging will be the next billion dollar protocol… but not the type of skeuomorphic peer-to-peer chat you’re thinking. What if it’s protocols talking to users, users talking to protocols, and all on-chain interactions showing up in one singular feed of messages? That’s what Gaby Goldberg from TCG Crypto thinks.
“None of these features [verification, social graphs, etc] have made on-chain messaging competitive with Telegram or Signal, because convenience (almost) always wins over quality. The reason these messaging protocols will be more convenient is they will unlock a whole new recipient of the message: the protocol itself.”
Are wallets the solution? With an integrated communication layer, wallets become inboxes, and the inbox becomes the nexus of identity. If messaging is redefined as the means, then we really don't know what the end might be. Check out full piece here.
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News from Outside the Coalition
Now you can send crypto to African countries over a phone number
A $220 million “real-world asset” vault is being offered by DeFi blue chip
Out Run the Rat Race
11 year security vet launches web3 infrastructure out of stealth
Amber Group cuts 40% of staff, pauses fundraising in FTX fallout
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Also Wait… what’s the Cross Chain Coalition?
The Cross Chain Coalition (CCC) is a collective of builders that have united together to educate developers on cross chain infrastructure. The CCC aims to expand awareness and increase education for cross chain development. Join us in our journey to turn every blockchain engineer into a crosschain engineer.
"Nomad to restart bridge after $190 million hack in August" is sadly not true yet. KYC for recovery has started.
"This is just kicking off the KYC/KYB process, and the ability to bridge back and mint NFTs is not available yet but will begin soon."
Lets see when it actually restarts the bridge..