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Europe’s Premiere Interchain Builders Conference Returns to Paris[PRESS RELEASE – Paris, France, July 11th, 2023] Nebular Summit, Europe’s premiere Interchain builders conference, returns to Paris, France, July 24th and 25th, 2023. Key thought leaders, founders, engineers, and investors will unveil the latest innovations within the Interchain developer community and discuss divisive issues crucial to the ecosystem’s long-term success.
Sebastien Couture, Founder of Interop Ventures and Organizer of Nebular Summit, states, “Teams have fortified the Cosmos stack for dApp scalability and cross-chain compatibility for years. As it matures, developers recognize its stability for building Web3 apps. However, Interchain grapples with the inherent challenges of decentralized leadership, market liquidity challenges, and direct competition with Ethereum L2s. The upcoming year will be vital in shaping this space’s future.”
Challenges and Growth within the Cosmos Ecosystem
Thought leaders of Cosmos are vocal about critical issues jeopardizing the network’s long-term success, such as the lack of coordination mechanisms for infrastructure development (e.g., MetaMask sign-in), lack of usable native stablecoins, and liquidity challenges impacting Cosmos DeFi protocols. Despite these threats, unlike Ethereum Layer 2 (L2) solutions adapting to interoperability, Cosmos was designed to embrace modular and interoperable dApps from the start, learning from past cycles, which infrastructure is crucial for long-term success.
Last year, dYdX’s announced migration from an Ethereum L2 dApp to its own Cosmos-based blockchain bolstered the ecosystem, and the testnet launched on July 5th.
Alongside the momentum spurred by dYdX’s adoption of Cosmos, the wider ecosystem is experiencing significant financial and infrastructure growth, evident from recent metrics. This year Neutron raised $10M to develop smart contracts on Cosmos, Polymer Labs raised $3.6M to expand the use of the Inter-Blockchain Communication (IBC) protocol standard to other ecosystems, Circle plans to launch USDC on Cosmos via Noble, the Interchain Foundation allocated $40M for ecosystem development in 2023, and Injective Labs launched a $150M ecosystem fund to support interoperable infrastructure and DeFi.
The Impact of Cosmos on Interconnectivity and the Web3 Landscape
Cosmos is redefining how interconnected chains that leverage a common technology stack can benefit builders and projects looking for solutions to interconnectivity issues. Paris, with the influential Ethereum Community Conference (EthCC) as a prime location for fostering Web3 innovation, has further solidified its position in the crypto world. In April, the European Parliament adopted “Markets in Crypto-Assets” (MICA), establishing regulations for crypto assets and stablecoins, which welcomes crypto projects to the EU, including France.
What to Expect at Nebular Summit
This year’s Nebular Summit will explore the emerging modular blockchain stack, the Cosmos SDK, CosmWasm, IBC, cross-chain MEV, Interchain Security, zero-knowledge, and other important topics through a series of technical talks and intense debates. The conference will feature prominent speakers such as Charles d’Haussy, CEO of dYdX Foundation, Ethan Buchman, Co-Founder of Cosmos and Informal Systems, Sunny Aggarwal, Co-Founder of Osmosis, and Zaki Manian, Co-Founder of Sommelier Finance.
The conference will begin with the Nebular Hack Day on July 23rd, offering technical workshops by various organizations. Nebular Summit is curated by Interop Ventures, a venture fund focusing on the Interchain ecosystem.
About Nebular Summit and Interop Ventures
Nebular Summit is a confluence for teams and innovators from every corner of the Interchain universe, fostering collaboration and sharing advancements in the Cosmos technology stack. Interop Ventures is a venture fund that invests in infrastructure and applications within the Interchain ecosystem, prioritizing scalability, interoperability, and security, in line with the future direction of Web3 applications.
To join Nebular Summit, request press access or schedule an interview, please contact [email protected].