Hey, Bankless Nation. Welcome to another episode of State of Nation. We have Arbitrum back on. Why do we have Arbitrum on? Well, it's because they shipped. They shipped a layer too. It's here. It's available.

A lot of new exchanges on it. Uniswap sushi swap balance. I was told layer two is never going to ship. Hey, it's ship David. It's here. We just talked to them. So we've pre-recorded this episode given holidays and given schedules in advance. And we are releasing it to you on YouTube now also on the podcast. But David, why don't we talk about what we talked about? First of all, who do we have on? We had as Stephen Goldfeder and Harry Kaladner, the CEO and CTO of Arbitrum. The guys leading the Arbitrum is

a team into actual main net, along with a whole host of brains behind them as well. And these guys really understand the deep core principles of rollups and layer twos. And that's why everyone gets really excited about Arbitrum and why we were super excited to get them on back on the show to update us with Arbitrum now that they are live now that they are actually live. So we asked a number of different questions, focused a lot on scalability and like the gas markets and how they are the same or different than Ethereum.

And how they also adapt and evolve over time. Those were some of the biggest lessons I've had about learning about like L2 gas markets and how it's going to look like in the future. Well as a number of other questions as well.

I think that the reason this is also a really important question is because right now there's this question in the market at least whether another layer one is going to supersede Ethereum or whether a layer one is just competitive with layer twos. There's kind of this question.

And we asked these questions of Arbitrum. Hey, like how are you going to attract liquidity into how are you going to solve a composability problems. How are you competing with other layer ones that are competing maybe against the Ethereum ecosystem.

There's some great answers. One thing that was cool and we'll have to do sometime David is like they have read it on board, dude. I still feel like this is such an under reported story like Reddit 450 million users, right.

What are the largest social media sites in the world. I'm a daily user of Reddit. Maybe someone should report on this. Someone should report on this.

What should come on is what should happen. But apart from that. I mean they picked Arbitrum is the bottom line and the reason they picked it we kind of got into anyway we talked about that.

I think the bottom line here is they cut the tape. You can you can go through you can access the theme park. You have many of the DeFi apps you know and love others are coming soon. It's like a compound. These are coming in the future.

You said DeFi and days another cool takeaway for me David is post merge right there's still more exciting things to look forward to on Ethereum.

The next big milestone will be data sharding. Guess what data sharding does massively decreases the cost of all roll ups right that's something we got into too so some neat discoveries in this conversation.

I think you as a listener through watching this and through listening to this will be better position to make a decision on which of these solutions are going to win into the future.

So we are going to get right that conversation. But before we do I got to ask the question I asked every single state of the nation David and that's what is the state of the nation today sir.

Right we are migrating we are migrating on our way to the arbitrum layer to there is liquidity getting onboarded and then our as soon as other applications that I'm a frequent user of like compound and obey come online to arbitrum.

I'm going over there man like that's yeah I'm moving now I'm moving like moving from the city to the Seattle San Diego and I'm moving from Ethereum to arbitrum we are migrating.

Yeah absolutely we are guys also wanted to do a shout out to so rare so rare is a fantastic fantasy sports NFT game that you can play you can trade you can collect you can play fantasy sports with your friends these guys are building on a roll up to on top of Ethereum.

And this is the largest NFT Ethereum sports game that exists absolutely massive in Europe as well so in the US we call it soccer but of course our European listeners will be calling it football and go check them out go get involved in what they're doing go collect go trade will include a link in the show notes.

We also go to so rare dot com that's so R a R E dot com we all know exactly how just absolutely fanatic fantasy players are about their sports teams and we also know that Ethereum is the new epicenter of culture and now Ethereum is eating up all of the fantasy culture by making them tradable fun NFT games on on Ethereum so that just makes a screams product of market fit to me.

Absolutely guys a few other things going on in the bankless community so one is we just released our conversation with a see a former CFTC commissioner so if you haven't caught that this is Brian Quintez he just resigned from his position as commissioner at the CFTC so it gives us some candid thoughts some of his personal thoughts we just drop that podcast yesterday so on Mondays to go check that out.

And in the future David we've got a big podcast coming out with Kathy would from our investments we're recording that this Friday you'll get to hear it next Monday I am super stoked about that conversation Chris Bruninski's going to be there too I don't think every anyone's ever done a Chris Bruninski plus Kathy would combo but bankless is about to do it right yeah no that that conversation I'm I just expect to blow people brains and hopefully mine as well so looking forward to recording that later in the week also right on your podcast feed right now is the third episode.

Of layer zero with none other than Justin Drake and I'm going to just going to leave that there because the conversation is so enough that Justin Drake's in your back what are you doing so like go listen to it right after you're done listening to this don't work don't play don't talk to your partner just listen to bankless.

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