Episode 39 Discussing it features an interview with Harsh Rajat, founder and project leader of Push Protocol, who talks about the ethereum ecosystem and the future of chain chat applications. In the episode, Rajat explains why Web3 messaging apps will lead the next wave of cryptocurrency adoption and the need for Web3 communities to abandon Web2 tools and go fully on-chain.
Rajat expresses that his innovations in the cryptocurrency industry were inspired by his experience working on mobile applications. He explains that he compared Web2 and Web3 applications and realized that the decentralized application ecosystem needed things like notifications. This was an important requirement, considering that notifications are a very important part of user retention for Web2 applications.
Rajat believes that the ethereum ecosystem is where innovation happens in the blockchain space. According to him, the availability of mentorship and community support creates an environment conducive to development. He notes that things like face-to-face access to Vitalik Buterin, the founder of ethereum, make a difference for people building on blockchain. Based on the culture Rajat describes, he maintains that he does not like the “ethereum killers” narrative, as it is impossible to kill what has been established.
On recent developments in the ethereum ecosystem, Rajat says that having multiple layer 2 networks is a good thing. However, some layer 2s will disappear, some will rotate, and some will join other layer 2s in the long run.
Another development that Rajat is most familiar with is the rise of chat applications built on ethereum. He explains that demand is tied to the experiences of Web3 users and maintains that as the space continues to develop, users are looking for Web3 solutions to power their communities and forums.
“Web3 relies on communication before it can even rely on functions.”
The rest of the episode looks at wallets as Web3 identities, token-driven group chat use cases, and the future of the ethereum ecosystem.
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