Big Players' Innovations Validate Bloom's Web3 Path
Recent industry developments are not just exciting, but also affirm the direction in which Bloom is headed.
In the aftermath of ETHDenver, the largest web3 infrastructure conference in the US, the air is buzzing with a renewed sense of enthusiasm reminiscent of a bull market revival. Among several groundbreaking developments, a few have particularly resonated with us at Bloom, serving as affirmations of the trajectory we're on at Bloom.
🔥 Innovation Highlights
The launch of MagicEden's ETH Marketplace, in collaboration with Yuga Labs, marks a monumental step forward. This isn't just another marketplace; it's a trailblazer in honoring creator royalties through LimitBreak’s Payment Processor protocol. And the icing on the cake, Yuga Labs is no longer supporting zero-royalty marketplaces for some collections. This aligns perfectly with our ethos at Bloom: empowering creators with transparent, on-chain mechanisms that safeguard their royalties and offer control over token transfers.
Coinbase Wallet's unveiling of their new Smart Wallet is a testament to the relentless pursuit of user-friendly web3 experiences. The challenge of onboarding newcomers into the blockchain space is real (we face it every day constructing Bloom). The promise of ERC-4337, aiming to streamline the user experience, resonates deeply with our mission. Coinbase’s leap into this space with their Smart Wallet not only lends credibility but also enhances accessibility.
💡 Why This Matters for Bloom
These advancements are not just industry milestones; they're a mirror reflecting the potential and direction of our work at Bloom. We've embraced the ERC721-C standard (also from Limit Break’s team) that guarantees royalty payments on the collection smart-contract level, and are gearing up to integrate the Payment Processor protocol, anticipating new business models and opportunities for our clients. Our commitment to improving on-chain account creation and accessibility remains unwavering, with exciting announcements on the horizon.
🎢 Next Steps on This Topic for Bloom
Our upcoming articles will delve deeper into these subjects, offering insights not just from a technical standpoint (the standards’ developing teams have that well-covered 💜) but focusing on how these standards address real-world problems and pave the way for new web3 use cases. Our goal is to make these standards as beloved to you as they are to us, highlighting their potential to revolutionize user experiences on Bloom and beyond.
See you soon for some deep dives,
— Ana