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Oops, I feel they broke the blockchain – TechCrunch

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Hi there and welcome again to the Chain Reaction podcast, the place we unpack and clarify the most recent crypto information, drama and tendencies, breaking it down block by block for the crypto curious.

On this week’s episode, we talked in regards to the digital land sale that (quickly) broke the blockchain. Yuga Labs’ now-infamous NFT drop was — to place it frivolously — chaotic. Customers swarmed the sale prefer it was a Supreme drop in 2017, overwhelming the whole Ethereum community and leading to plenty of failed transactions and exorbitantly excessive fuel charges. We defined what went improper and explored some (potential?) conspiracy theories in regards to the fiasco, which appear to spring up anytime a significant occasion occurs within the web3 world.

Subsequent, we went by way of some massive information from an OG of the decentralized web — Wikipedia — that’s determined to reject crypto donations, and talked in regards to the beef between regulators and crypto that heated up this week after a significant flex by the U.S. Securities and Change Fee.

Our Visitor: Crypto VC and founder Jill Gunter

Jill Gunter occupies a singular spot throughout the crypto world as each a enterprise associate at Sluggish Ventures and co-founder of a brand new layer-one blockchain challenge, Espresso Techniques (you’ll be able to be taught extra about that in Anita’s article here). As a former credit score dealer at Goldman Sachs, Jill is used to explaining the nuances of crypto to pals and colleagues within the tradfi (conventional finance) world. We had been excited to have her on the present to interrupt down some complicated ideas in easy, comprehensible phrases, from why in style blockchains don’t preserve consumer privateness to how new tasks ought to method developer acquisition.

Chain Response podcast episodes come out each Thursday at 12:00 p.m. PDT. Subscribe to us on AppleSpotify or your various podcast platform of option to sustain with us each week.

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