Socket is Growing and Hiring
Socket is Growing and Hiring
Socket is looking to expand their team and bring in top talent to help shape the future of bridging. If you're interested or know someone who might be, now is the time to get plugged in.
🔌 SOCKET Powers Derive Trading Platform Launch on Layer3
**Derive**, a leading onchain trading platform for options and perpetuals, is now live on Layer3 through **SOCKET's infrastructure**. The platform leverages SOCKET's multi-chain capabilities to enable seamless trading across different blockchain networks. - Derive specializes in **options and perpetuals trading** - Platform is **powered by SOCKET** technology - Now accessible through **Layer3's activation system** This launch continues SOCKET's strategy of showcasing real-world applications through their "SOCKET in Action" series on Layer3. [Explore Derive on Layer3](https://app.layer3.xyz/activations/socket-derive)
🎨 AI vs Hand-Crafted: POAP Creation Divide
The crypto community reveals a stark divide in **POAP creation approaches**. One side embraces the **quick AI route** - asking ChatGPT to generate designs in minutes. The other commits to **traditional craftsmanship** - spending hours hand-painting and creating multiple digital versions. This reflects a broader tension in web3 between: - **Speed and efficiency** of AI tools - **Authenticity and artistry** of manual creation The debate highlights how different communities value **effort versus output** in digital collectibles.
Chain Abstraction Emerges as Key Infrastructure for Web3 Development
Chain abstraction is gaining momentum as a crucial infrastructure component for web3 development. This technology aims to create seamless cross-chain experiences by: - Enabling developers to build applications that work across multiple blockchains without users needing to understand the underlying complexity - Improving scalability and adaptability of decentralized applications - Reducing friction in multi-chain interactions The push comes as Layer-2 solutions multiply, creating increased demand for unified user experiences. Developers are focusing on making blockchain interactions more intuitive and accessible while maintaining the benefits of decentralization. *Key Impact*: This shift could fundamentally change how users interact with blockchain applications, making the technology more accessible to mainstream adoption.
Socket Protocol Updates
Socket Protocol continues to evolve in the cross-chain infrastructure space. The protocol enables seamless multi-chain application development with these key features: - Secure cross-chain message passing - Standardized bridging interface - Gas optimization for cross-chain transactions Builders can now create truly interoperable dApps across multiple blockchains with reduced complexity and enhanced security. Socket's infrastructure handles the heavy lifting of cross-chain communication. *Want to start building?* Check out Socket's documentation for integration guides.
Fund Recovery Update
Socket has recovered 1032 ETH from the incident on 16th Jan and will soon release a recovery and distribution plan for users. The recovery was achieved with help from Seal911, Slowmist, Hexagate, and others.