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{"id":30943,"date":"2023-05-04T21:42:27","date_gmt":"2023-05-04T21:42:27","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/05\/04\/developers-are-building-out-the-blockchain-ecosystem-in-barcelona\/"},"modified":"2023-05-04T21:42:28","modified_gmt":"2023-05-04T21:42:28","slug":"developers-are-building-out-the-blockchain-ecosystem-in-barcelona","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/05\/04\/developers-are-building-out-the-blockchain-ecosystem-in-barcelona\/","title":{"rendered":"Developers are building out the blockchain ecosystem in Barcelona"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/05\/04\/developers-are-building-out-the-blockchain-ecosystem-in-barcelona\/<\/a><\/br>
\nDevelopers are building out the blockchain ecosystem in Barcelona<\/br>
\n2023-05-04 21:42:27<\/br><\/p>\n

\n

Welcome back to Chain Reaction.<\/strong><\/p>\n

This week I\u2019m writing the newsletter from the currently sunny and always beautiful city of Barcelona, Spain. I\u2019m here for the Avalanche Summit II, which is hosted by Ava Labs, the creator of the layer-1 blockchain Avalanche.<\/p>\n

So far, there have been a lot of discussions surrounding blockchain gaming, decentralized finance and regulation.<\/p>\n

Avalanche also announced a partnership with Alibaba Cloud, the digital technology and intelligence division of Alibaba Group, to deploy metaverses for the online marketplace\u2019s clients. The news was covered exclusively by TechCrunch \u2014 more on that below.<\/p>\n

I moderated two panels titled \u201cExpert Insights on the State of Crypto Markets<\/a>\u201d and \u201cStablecoins: The Internet Payment Layer<\/a>.\u201d The TL;DR<\/em> takeaway right now is that market players are bullish long term and expect the cryptocurrency market cap to grow significantly in the near future (we\u2019ll see) and the stablecoin industry has a lot of space to grow and the ability to shake up the internet payment space.<\/p>\n

There are still more interviews to be done, content to be rolled out and panels to be attended, so stay tuned for more of that here in the coming days and weeks.<\/p>\n

This week in web3<\/h3>\n

Alibaba Cloud joins forces with Avalanche to deploy metaverses on the blockchain<\/a><\/p>\n

Alibaba Cloud has partnered with layer-1 blockchain Avalanche to provide Alibaba\u2019s clients with a launchpad, Cloudverse, that aims to help businesses customize, launch and maintain their own metaverse spaces on Avalanche\u2019s blockchain. \u201cYou and I can create a metaverse right now. Within 15 minutes, the chain is up; within hours the wallet is up and the turnkey is up,\u201d Emin G\u00fcn Sirer, the founder and CEO of Ava Labs, said. The technology has been made \u201cvery easy\u201d and all of the tools are open source, he added.<\/p>\n

As the US cracks down on crypto, Hong Kong extends a warm welcome<\/a><\/p>\n

To create a favorable environment for web3 businesses, the city is facilitating communication between banks and crypto startups, many of which are scrambling to find alternatives following Silvergate Bank\u2019s meltdown. Tightening crypto regulations in the U.S. may give Hong Kong a chance to step up and be the next crypto hub.<\/p>\n

How Jack Dorsey\u2019s Bitcoin Legal Defense Fund is fighting for the future of open source software<\/a><\/p>\n

A crypto wallet theft lawsuit brought about by a man who claims to be Bitcoin creator Satoshi Nakamoto could jeopardize the future of open source software development. That\u2019s according to the Jack Dorsey-backed Bitcoin Legal Defense Fund, which is taking on a case to defend 11 Bitcoin developers named in a lawsuit filed by Craig Wright, an Australian computer scientist who emerged into the spotlight back in 2016 with a hotly disputed claim of being Bitcoin\u2019s founding father.<\/p>\n

Brett Harrison \u2018never lost faith in the business\u2019 while at now-shuttered FTX <\/a>(TC+) <\/strong><\/p>\n

It has been almost six months since FTX collapsed, and a lot has transpired since then, from executives being charged to industry businesses facing ripple effects from its demise. At Consensus 2023, Anthony Scaramucci, former White House comms director and founder and managing partner of SkyBridge Capital, which invested in the exchange, and Brett Harrison, founder and CEO of Architect and former FTX.US president, shared their experiences during FTX\u2019s downfall and what life has been like since.<\/p>\n

The latest pod<\/h3>\n

For this week\u2019s episode<\/strong>, Jacquelyn<\/a> interviewed Jake Chervinsky<\/a>, the chief policy officer at Blockchain Association, a nonprofit organization focused on promoting \u201cpro-innovation\u201d policy for the digital asset world. He is also a board member of the DeFi education fund and advisor for web3 seed-stage fund Variant.<\/p>\n

Prior to his work with the Blockchain association, Chervinsky began his attorney career in private practice with a focus on anti-money laundering and anti-corruption compliance and investigations, financial services litigation and government enforcement defense. He spends a lot of time in DC, testifying at hearings to help provide clarity on the crypto industry in hopes to guide it in the right direction.<\/p>\n

We dove deep into conversations about all things regulation, from how Chervinsky views the current regulatory landscape to whether or not we\u2019re in a \u201ccrackdown\u201d era as people call it.<\/p>\n

We also discussed:<\/p>\n