We’re launching the 2024 Paradigm Fellowship, a program to gather crypto’s most formidable young engineers and researchers.

Or: why put games on a blockchain?

On Ethereum, all applications run on a shared state machine. In Cosmos, many application-specific blockchains pass assets and other messages between one another. If Ethereum is a mainframe computer, Cosmos is a protocol for networking independent servers.

Ethereum’s core insight was that flexible smart contracts allow developers to explore a new frontier of permissionless applications. The explosive growth of decentralized financial protocols built on Ethereum (“DeFi”) is a glimpse at what this innovation could enable in the future. Like programming libraries in the first Internet revolution, DeFi’s “money legos” enable developers to build complex systems by composing and remixing simple building blocks. This complexity also brings novel risks. One of these risks is Miner Extractable Value, or MEV.