Cross Chain Weekly #38

Paloma goes Mainnet, the Uniswap Bridge Wars, & Visa's Stablecoin?

Gm fam. Welcome to the Cross Chain Weekly - the weekly email that makes you a smarter blockchain insider. It’s time to leave the bird’s nest and fly! This week one of our key partners, Paloma, goes mainnet with their cross-chain messaging chain. Soon enough their will be pigeons on every blockchain. COO!

Paloma Chain 🕊 @paloma_chain

🕊️ Weekly Wings: HATCHING PALOMA MAINNET! COO! In our latest blog, we talk about important Paloma Chain updates: · 🐣 Hatching Paloma Mainnet: Messenger · ⚒️ Paloma Quickstart · 🙏 Giving back to #Turkey Read through. Mainnet is HERE! 👐 palomachain.com/blog/paloma-we…

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

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This week’s Cross Chain Weekly is brought to you by Paloma; the fastest cross-chain communication layer ever.

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All Eyes Are On… Our Partners

• LI.FI launches a “one stop degen swap”

• Bridge directly on Trader Joe using LayerZero 

• Chainflip x Axelar x Squid partner to expand defi to new assets 

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Dev Help Dev

• Track the Ethereum Zhejiang public testnet

• A multi-bridge cross-chain governance solution

• Meet Comet - a fork and successor of Tendermint Core

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Academic Dive

Towards Crypto Literacy

Consumer scale isn’t reached by abstracting the crypto away - not yet, at least. On today’s hot take Wednesday, Gaby Goldberg from TCG Crypto explains why crypto literacy is key to onboarding the next 1 billion users into web3. When we remove the crypto elements from the user’s journey, they unknowingly begin to assume risk.

 The things that make crypto more “mainstream” — hyped NFT projects, fiat onramps, DeFi savings accounts, and more — are often exactly the things that make it more dangerous for retail investors.

Gaby’s solution to onboarding the masses? Consumer products that make crypto “human readable”. By taking something with a technical UI/UX and making it user-friendly, we can accelerate consumer fluency in crypto, similar to the advent of the command line in consumer products. To read more of her thoughts and see examples of these crypto consumer products, read the full article here.

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Inside the Coalition

• The newest BTC to ETH bridge

• A summary of the Uniswap Bridge Wars

• The first ever cross chain borrowing protocol hits testnet

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News from Outside the Coalition

Blockworks @Blockworks_

Visa’s head of crypto Cuy Sheffield is pursuing more efficient stablecoin settlements on the payments network. @shaliniX0 reports:

blockworks.coVisa Eyes High-Value USDC Settlement Payments on Ethereum“We’ve been testing how to actually accept settlement payments from issuers in USDC starting on Ethereum,” says head of crypto at Visa

• The list of politicians who accepted SBF’s money

• The Sandbox & Saudi Arabia agree on a metaverse project

• Binance is temporarily suspending U.S. dollar bank transfers

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Funding

• BlockJoy raises $12M for infrastructure nodes

• Cedro Finance raises $1.5M to build an omnichain future

• Crypto miner Pow.re raises $9.2M series A at $150M valuation 

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Out Run the Rat Race

• Protocol Labs lays off 21% of their staff

• Stealth company looks to solve payments for web3 games

• Former Coinbase product manager pleads guilty in landmark case 

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Upcoming Events

• Decentralized App Stores // Recording, Feb 08, 2023

• Solana Grizzlython Hackathon // Feb 02 - Mar 14,  2023

• Check out EthDenver’s side events // Feb 24 - Mar 5,  2023

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Inside Jokes

Jim Cramer @jimcramer

I reiterate it is a bull market

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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.