This article was first published on 0x Blog - Medium
The path towards a blockchain-agnostic protocol
0x protocol follows tokenized value
Our mission at 0x Labs is to create a tokenized world where all value can flow freely. We set out to build 0x protocol because we believe that blockchain-based digital assets in conjunction with global p2p markets will help to eliminate the geographic lottery. In this post, we will share 0x Labs’ strategy with regards to driving expansion of 0x protocol beyond Ethereum.
Our core thesis is that all forms of value will end up tokenized on public blockchains. Thanks to Ethereum’s strong developer ecosystem and focus on establishing community standards, the tokenization thesis is playing out more rapidly than we initially anticipated. Among the 300,000+ token contracts on the Ethereum blockchain today, there exist stablecoins representing billions of tokenized US dollars, thousands of ICO tokens, real estate, video game items, community tokens, personal tokens, synthetic assets, derivatives, and so much more. We’re seeing a Cambrian explosion of innovation and creativity, and it’s only just getting started.
While Ethereum is the platform on which most tokenized value has emerged in the past years, we believe we are heading towards a multi-blockchain world with a vast web of interconnected networks forming the backbone of web3. Given our vision for 0x protocol as an open technical standard for p2p exchange, it is natural that the standard expand into new ecosystems as they emerge.
Expanding beyond Ethereum
New L1 developments. Signals we are looking for in fledgling blockchain ecosystems.
Many L1 blockchains have recently launched or will launch in the coming months, including Filecoin, NEAR, Polkadot, Solana, Celo, Dfinity, and ETH 2.0 phase 0. Many of these networks introduce innovative new capabilities or differentiating features. We are excited to see them foster healthy virtual economies.
Technology alone oftentimes isn’t ...
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0x Blog - Medium