Unconfirmed: This Layer 2 Solution Processed More NFT Trades in 24 Hours Than Ethereum Did in 1 Week - Ep.231

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 23 April 2021

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Robbie Ferguson, co-founder and president of Immutable, talks about how Immutable is transforming the NFT industry through its layer 2 solution, Immutable X, which just launched April 8. In this episode, he discusses: what sort of problems Immutable is solving by creating a layer 2 solution (1:21) why scalability is especially an issue for NFTs in gaming (1:59) how Immutable X, built with partner Starkware, addresses the problems with scaling NFTs (3:28) how Immutable is scaling Ethereum and the definition of a layer 2 solution (5:46) the Immutable business model and how the company makes money (6:40) how validity proofs like ZK-rollups differ from fraud proofs like Optimistic rollups (7:52) how Gods Unchained has performed since the April 8th launch of Immutable X (8:27) why building on Ethereum is so important to Immutable (10:54) why Immutable is obsessed with bringing liquidity to NFTs (14:54) what sort of partners Immutable is looking to attract and how Immutable X is different from a traditional marketplace (18:00) why Immutable decided to purchase carbon credits to offset the gas the protocol consumes on Ethereum (21:33) what we might see from Gods Unchained, Immutable X, and NFT gaming in general by the end of this year (23:32 ) weekly news recap (26:22) Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021 InterPop: https://hellointerpop.io/?utm_source=Unchained&utm_medium=episode-sponsorship&utm_campaign=interpop-launch&utm_content=interpop NEAR: https://near.org Episode Links Robbie Ferguson https://www.linkedin.com/in/robbieferguson/?originalSubdomain=au Immutable Twitter: https://twitter.com/Immutable?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor Website for Immutable X https://market.x.immutable.com/assets/0xacb3c6a43d15b907e8433077b6d38ae40936fe2c Layer 2 https://www.theblockcrypto.com/linked/101092/ethereum-startup-immutable-aims-to-cut-nft-costs-with-new-layer-2-scaling-protocol https://www.theblockcrypto.com/linked/100084/opensea-nft-layer-2-immutable-x https://twitter.com/Immutable/status/1385263903450484741 Gods Unchained https://www.coindesk.com/james-ferguson-on-decentralized-gamings-next-moves https://decrypt.co/65828/immutable-x-ethereum-nft-gods-unchained Previous Unconfirmed interview: https://unchainedpodcast.com/how-the-hong-kong-protests-gave-a-boost-to-gods-unchained/ Miscellaneous Links Hearthstone link https://decrypt.co/48379/gods-unchained-review-and-beginners-guide Carbon Credits https://twitter.com/immutable/status/1377099577178779659?lang=en StarkWare relationship https://medium.com/starkware/starkware-immutable-8896aabab4e5 StarkWare’s recent Unchained appearance https://unchainedpodcast.com/can-dydx-become-a-decentralized-bitmex-how-it-is-scaling-with-starkware/ Link to the Crypto News Recap: https://unchainedpodcast.com/2600-eth/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi everyone, welcome to Unconfirmed, the show that reveals how the marquee names in
0:08.3	crypto are reacting to the week's top headlines, he gets the insight scoop on what they see
0:12.3	on the horizon.
0:13.3	I'm your host, Laura Shin, a journalist with over two decades of experience.
0:17.7	I started covering crypto over five years ago and as a senior editor at Forbes was the
0:22.2	first mainstream media reporter to cover cryptocurrency full-time.
0:26.5	Near is an open source platform that accelerates the development of decentralized applications,
0:32.3	overcoming high fees and slow speeds with its fast, scalable, low cost and climate neutral
0:37.5	blockchain protocol.
0:39.3	Learn more at NEAR.org.
0:43.0	You may have heard about Interpop, a super team laser focused on the emerging landscape
0:47.4	of fandom.
0:48.4	They are tapping into the latest innovations in NFTs to revolutionize gaming, collectibles
0:53.6	and comics on Tezos.
0:55.7	Learn more at hellointerpop.io.
0:59.4	Thecrypto.com app pays you up to 8.5% interest on your Bitcoin.
1:03.8	Get $25 when you download thecrypto.com app with code Laura.
1:08.4	The link is in the description.
1:10.8	Today's guest is Robbie Ferguson, co-founder and president of Immutable.
1:14.7	Welcome Robbie.
1:15.7	Thanks Laura, good to be here.
1:17.9	Quick disclosure before we begin, Immutable was a previous sponsor of my show.
	...

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