Quick Reads and Hot Links Covering the People and Projects Who Are Scaling Ethereum
Dear Frens,
There’s no doubt about it — the Layer 2 ecosystem is thriving. With the equivalent of more than nine billion USDC locked in, it’s clear we’re not only here to play around. That said, there’s plenty of fun to be had, with Onchain Summer inspiring many creative campaigns and NFT mints to keep the growth vibes strong.
The slightly more serious and totally legit form of playing around is the ethos of continual improvement. The Optimism Collective, through an iterative approach to its Retroactive Public Goods Funding model, epitomises the traditional ‘plan. do, check, act’ cycle but brings a spirit of hope through the focus on “producing a virtuous cycle of impact driven expansion”. Read more about what was learned in Rounds 1 and 2 and what’s in store for RetroPGF 3 in this issue’s editorial.
Newly unearthed alien beings aside, it’s been a wild couple of weeks in crypto with the news that Vitalik Buterin temporarily lost control of his X account and that it’s possible to pay 20 BTC for a single transaction fee on Bitcoin, but never mind all that! Read on to get up to speed on the Layer 2 happenings and remember we’ll be back in two weeks for another Layer 2 Review.
Contributors: Warrior, jengajojo, thinkDecade, trewkat, HiroKennelly
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Celo has announced the launch of MiniPay by Opera (the web browser). MiniPay is a new stablecoin wallet built on Celo to onboard millions of mobile users across Africa to web3! Celo’s Rene Reinsberg said that Celo’s desire to reduce the friction of stablecoin transfers combined with Opera Mini’s high usage across Africa make this non-custodial wallet an easy way for people to send payments and access dApps using their Android phone.