Cosmos Teams Gather in Paris as Interchain Ecosystem Faces Pivotal Year

[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.

“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.” says Sebastien Couture, Founder of Interop Ventures and Organizer of Nebular Summit.

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.

Cosmos is redefining how interconnected chains that leverage a common technology stack can benefit builders and projects looking for solutions to interconnectivity issues.

Paris remains a prime location for fostering Web3 innovation, with the influential Ethereum Community Conference (EthCC) gathering thousands of developers each year.

And in April, the European Parliament adopted “Markets in Crypto-Assets” (MICA), meaning they are the first governing body to establish regulations for crypto assets and stablecoins, welcoming crypto projects to the EU, including France.

This year’s Nebular Summit themes will explore the emerging modular blockchain stack, the Cosmos SDK, CosmWasm, IBC, cross-chain MEV, Interchain Security, zero-knowledge, and more through a series of technical talks and intense debates.

Its highlight speakers include Charles d’Haussy, CEO of dYdX Foundation, who enables community-led growth, development, and self-sustainability of the dYdX protocol, Ethan Buchman, Co-Founder of Cosmos itself and of Informal Systems, a Rust and Formal Verification for Cosmos, Sunny Aggarwal, Co-Founder of Osmosis, the largest interchain decentralized exchange in the Cosmos ecosystem and Zaki Manian, Co-Founder of Sommelier Finance, a platform that aims to optimize DeFi with off-chain computation and improved interoperability.

The conference starts with Nebular Hack Day on July 23rd, a free-to-attend event offering technical workshops by dYdX, Neutron, Juno, OKP4, Lava Network, Gno.land, and more.

Nebular Summit is curated by Interop Ventures, a venture fund concentrating on the rapidly evolving Interchain ecosystem.

About Nebular Summit

Nebular Summit is a confluence for teams and innovators from every corner of the Interchain universe. Participants share the most recent advancements in the Cosmos technology stack while openly addressing the ecosystem’s challenges. The two-day event happening in Paris from July 24th to 25th will feature technical talks, hands-on developer workshops, and debates on controversial issues. Nebular Summit will explore appchains, modular blockchains, novel smart contract VMs, interoperability, zero-knowledge, and beyond!

About Interop Ventures

Interop Ventures is a venture fund concentrating on the rapidly evolving Interchain ecosystem, a network of interconnected decentralized applications built on the Cosmos technology stack. They invest in infrastructure and applications that are scalable, interoperable, and secure, embodying the future direction of Web3 applications.

RVSP: People who would like to join Nebular Summit and be set up with press access or pursue interview requests can contact mia@nebular.events.