Cross Chain Weekly #37

LayerZero vs. the world, comparing EVM cross chain solutions, and $5M in fresh funding for the ex-FTX President

Feb 01, 2023

Gm fam. Welcome to the Cross Chain Weekly - the weekly email that makes you a smarter cross chain insider. In 2023, according to Goldman Sachs, Bitcoin will be the best-performing asset globally. You know what that means…. It’s buy time baby!! We’re back. Now if only Jim Cramer would stay quiet.

Blockworks @Blockworks_

Goldman Sachs ranks Bitcoin as the best-performing asset in the world in 2023 Above: - Gold - Energy - S&P 500 - Real estate - Nasdaq 100 - 10-year US Treasury

Trigger warning maxis; the future is cross chain, so let’s dive in.

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Academic Dive

0xjim.eth @0xJim

1/ Over the past 2 months, I fell in love with the interoperability problem. I spoke to nearly every project in the space, and decided to summarize my 200+ hours of research into an article. Here’s what I learned.

On-chain verification is the gold standard… for now. But could off-chain verification be the cross chain solution we’ve all been looking for? 0xJim thinks so. He spent the last 2 months looking into the interoperability problem and has returned in peace to report his findings to the CCC! If you want to judge a book by its cover, I pulled a killer quote from his findings:

So what’s the winning solution? Combining the security of ZK light clients and the extensibility of another system like optimistic with economic stake.

0xJim points out that each proposed solution has advantages of its own so the “winning solution” might be more of a hybrid model, rather than a one size fits all. If you want to learn more, make sure you check out his full report here.

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Michael Bodley @michael_bodley

NEW details on Amazon's big, brewing NFT push: — Teaming up w/ L-1s & exchanges, plus blockchain gaming companies — AMZ's Web3 ambitions & end goals — What it all means for crypto ... If: "they execute and do this right and are smart about it.”

blockworks.coAmazon NFT Initiative Coming Soon: ExclusiveAmazon is ready to throw its enormous weight behind Web3 with an NFT initiative this spring, according to multiple sources.

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Emperor Osmo🧪 @Flowslikeosmo

Well that was fun! Time to pack it in fellas!

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.

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