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In our latest episode, host Robert Hackett (Robert Hackett) sits down with Bryan Pellegrino (Bryan Pellegrino (臭企鹅)), cofounder and CEO of LayerZero, one of the core infrastructure projects that enables blockchains to talk to one another. We talk about why crypto went multichain, what it means for crypto to...

39,286 views • 6 months ago •via X (Twitter)

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In this talk, Robert Hackett (Robert Hackett) sits down with Sean Neville (Sean Neville), cofounder of Circle and co-creator of the USDC stablecoin, and Zach Abrams (Zach Abrams), founder of Bridge (now part of Stripe), for a deep dive into the real story behind stablecoins, finding product-market fit, and the future of payments infrastructure. They explore the earliest days of USDC — when stablecoins were far from obvious and regulatory frameworks didn’t exist. Sean shares how his conviction in “money running at internet speed” helped shape a multibillion-dollar asset. Zach recounts Bridge’s pivot from NFTs to stablecoin infrastructure — and how his business has changed since joining Stripe. Together, they break down: - Why stablecoins are having their moment now - What counts as product-market fit (and why founders rarely “feel” it) - The challenges of building crypto and AI products within heavily regulated environments - Why new base-layer chains like Arc, Tempo, and others may be needed - How decentralization, liquidity moats, and interoperability will define the next decade of blockchain adoption - What the future of programmable money and AI-driven financial workflows looks like Whether you’re a founder, a crypto-curious builder, or someone trying to understand where global payments are headed, this conversation — originally recorded live at our recent a16z crypto Founders Summit — offers insights from two operators at the center of an industry-defining transformation. Here's a snippet from the conversation.

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LayerZero Fought the Sybils and Airdropped Its Token. Did the Team Win? After LayerZero’s token generation event (TGE), Bryan Pellegrino (Bryan Pellegrino (臭企鹅)) joined the show to talk about: 🛡️ The anti-Sybil campaign and its challenges 🔍 Why they offered a self-report option 🫵 Why they required a donation to claim ZRO 😱 The drop in LayerZero's activity 🔮 Future plans for airdrops and network growth Timestamps: 🔹 00:00 Introduction 🔹 01:23 Why LayerZero launched an anti-Sybil campaign with its airdrop, and what challenges they faced in ensuring genuine user participation 🔹 04:51 Why LayerZero offered a self-report option for Sybil attackers, and how this strategy revealed both the complexities and the creativity within the crypto community 🔹 10:16 How the anti-Sybil campaign uncovered over a million fraudulent accounts 🔹 14:34 What Bryan would have done differently in their campaign 🔹 17:18 What alternative methods, such as KYC and proof-of-humanity protocols, LayerZero could have used for their anti-Sybil campaign 🔹 18:35 How LayerZero navigated the cat-and-mouse game with industrial airdrop farmers 🔹 23:08 Why they decided to impose a donation to Protocol Guild to claim the ZRO token 🔹 32:07 What caused the dramatic drop in LayerZero's activity post-announcement of their anti-Sybil campaign, and why the team is optimistic despite the decline 🔹 35:23 LayerZero's plans for future airdrops 🔹 38:40 What Bryan thinks the future holds for airdrops in crypto, and how the current broken system can be improved to achieve better distribution and user engagement

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