Blockdaemon is a blockchain infrastructure firm established to empower crypto companies to assist them rapidly deploy and iterate revolutionary options on blockchain. Glenn Woo, Head of Gross sales for the Asia Pacific area, joined CryptoSlate to speak about how the blockchain construction is evolving towards mass adoption.
Blockdaemon is at present supporting over 60 blockchain protocols. As well as, the corporate presents a variety of node operations and instruments that can be utilized in all challenge phases, from early testing to post-launch. Woo summarizes what Blockdaemon does by saying:
“We offer node infrastructure. We need to be sort of like cloud suppliers for any firms that need to construct on any sort of blockchain, we’ve the node assist for them. In order that its very simple and financial to arrange their very own nodes and to construct no matter software they need to construct….
We name it as a ‘node-as-a-service’”
Woo additionally talked about staking infrastructure and referred to it because the “bread and butter of Blockdaemon.” Along with providing a strong node infrastructure service, the corporate additionally runs public validators for over 30 Proof of Stake blockchains.
Blockdaemon additionally finalized its Collection C Funding spherical, the place it raised $207 million and reached a valuation of $3.25 billion. Woo mentioned that the corporate desires to combine all its companies to turn into a scalable infrastructure supplier for blockchain firms.
Selling multi-chain adoption and institutionalization
Woo talked about that the crypto area had skilled a progress within the variety of Layer 1 and Layer 2 chains and bridges over the previous 18 months. To reply to this growth, tasks with a big client base purpose to combine into these chains as a lot as doable to unfold throughout a number of chains. Woo mentioned that Blockdaemon helps bridge this hole and promotes a multi-chain future.
Along with the prevailing crypto tasks that search to develop, Woo additionally talked about that an increasing number of conventional establishments are coming into the crypto area. Though, regardless of their enthusiasm, “these establishments have little or no information,” Woo mentioned, “we actually need to assist them onboard blockchain rapidly and economically.” He said:
“I believe we’re contributing fairly a bit to the institutionalization of the area as nicely.”
Woo continued to elucidate the hustles of constructing a blockchain infrastructure from scratch. “With a purpose to so that you can host your individual infrastructure for every part you need to construct, you want a variety of sources and rent many engineers for every completely different operate you need to construct.” Nonetheless, he mentioned that Blockdaemon is attempting to make this course of a lot lighter, cheaper, and faster.
The difficulty with the blockchain trilemma
When CryptoSlate’s Akiba requested if companies like Blockdaemon promote centralization within the Web3 area, Woo defined that they don’t take sides within the centralization debate and construct regardless of the neighborhood calls for.
Woo mentioned:
“We’re very agnostic. We construct merchandise primarily based available on the market demand. We do have an in-house protocol analysis group that at all times screens the variety of nodes, and the place they’re deployed. So if the neighborhood decides in favor of decentralization, we’ll regulate for that as nicely.”
Woo mentioned it is determined by tasks to sacrifice from one finish of the blockchain trilemma. Whereas acknowledging that decentralization is important, he additionally requested, “If there’s a super-decentralized blockchain with zero scalability, what good does it do?”
GameFi is the important thing to develop.
Earlier than closing off, Akiba requested what the neighborhood might do to carry extra individuals onto Web3. Woo mentioned that he thought the GameFi business had nice potential to onboard new individuals, because it provided a well-recognized expertise with blockchain, which might be translated to new Web3 experiences.
Woo mentioned that the gaming expertise utilizing blockchain know-how might be translated to be related to different situations you possibly can have within the digital world.
