TL;DR: I don’t see any practical path forward for decentralized stuff other than abandon the pretense of cross-chain value transfer and embrace balkanization, while letting the centralized stuff handle the cross-chain value transfer.
(Update: This is an older view on the potentials for bridges for crypto. For an updated perspective, check my thoughts on The Spelunking Podcast Ep. 21 about how we are moving to a “zero-knowledge everything” world, or this piece on ZKP Bridging.)
Cosmos and Polkadot, which were both born to ensure interoperability among different chains, are in a race to maintain their relevance.
Facebook’s rebranding is the smartest, landgrabbier case of cultural capture I’ve seen. I agree with Teemu - the decentralization community should fight and adopt the term metaverse for everything, because most people have no idea what the hell web3 is supposed to be.
d[c] uses OrbitDB and IPFS under the hood to store its data.
IPFS got something of a bad rap because people who don’t read documentation expected it to be automagic cloud storage that keeps data for free. However, someone needs to pin the file to keep it around.