Blockdaemon is a blockchain infrastructure firm established to empower crypto companies to assist them rapidly deploy and iterate progressive 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 presently supporting over 60 blockchain protocols. As well as, the corporate provides a variety of node operations and instruments that can be utilized in all mission levels, from early testing to post-launch. Woo summarizes what Blockdaemon does by saying:
“We offer node infrastructure. We wish to be type of like cloud suppliers for any corporations that wish to construct on any type of blockchain, we’ve the node help for them. In order that its very straightforward and financial to arrange their very own nodes and to construct no matter software they wish 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 stable 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 stated that the corporate desires to combine all its companies to develop into a scalable infrastructure supplier for blockchain corporations.
Selling multi-chain adoption and institutionalization
Woo talked about that the crypto area had skilled a development within the variety of Layer 1 and Layer 2 chains and bridges over the previous 18 months. To answer this growth, tasks with a major client base purpose to combine into these chains as a lot as potential to unfold throughout a number of chains. Woo stated that Blockdaemon helps bridge this hole and promotes a multi-chain future.
Along with the present crypto tasks that search to increase, Woo additionally talked about that increasingly conventional establishments are getting into the crypto area. Though, regardless of their enthusiasm, “these establishments have little or no data,” Woo stated, “we actually wish 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. “To be able to so that you can host your personal infrastructure for every part you wish to construct, you want a variety of sources and rent many engineers for every completely different operate you wish to construct.” Nevertheless, he stated that Blockdaemon is attempting to make this course of a lot lighter, cheaper, and faster.
The problem 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 group calls for.
“We’re very agnostic. We construct merchandise primarily based in the marketplace demand. We do have an in-house protocol analysis staff that at all times screens the variety of nodes, and the place they’re deployed. So if the group decides in favor of decentralization, we’ll regulate for that as nicely.”
Woo stated it will depend on 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 increase.
Earlier than closing off, Akiba requested what the group may do to deliver extra folks onto Web3. Woo stated that he thought the GameFi business had nice potential to onboard new folks, because it supplied a well-recognized expertise with blockchain, which might be translated to new Web3 experiences.
Woo stated that the gaming expertise utilizing blockchain expertise might be translated to be related to different situations you’ll be able to have within the digital world.