Crypto has more real use cases and product-market fit today than ever before. We have permissionless lending markets with deep liquidity and sustained usage. We can exchange any asset, at any time, from anywhere in the world. Developers can build programmable, permissionless applications on performant decentralized blockchains. Bitcoin exists as a non-sovereign store of value. And stablecoins have given us the most efficient fiat money rails the world has ever seen. The last ten years have taken crypto from an idea to a functioning global system. And while it’s easy to get cynical, I think it’s worth reminding ourselves what’s already been achieved. What’s now missing is product and distribution. I firmly believe we have the tech we need to build breakout companies that reach people far beyond crypto-natives. But doing that is hard and you don’t get the same instant feedback loop or immediate flywheels. It’s slower, more expensive, more uncertain, and that’s exactly why most teams avoid it. Still, someone has to do it and it only takes one team to break through. I don’t think it’s a technical challenge anymore, it’s a willingness to go heads down and build something that actually reaches people. I want that team to be Plasma, and I’ll do everything I can to make it happen.

One thing we’ve always been intentional about at Plasma is who we work with. While many ecosystems aim to go broad, we focus on finding the best teams and going deep, and it’s been the right call every time. Partnering with @veda_labs and @echodotxyz on our go-to-market has been a great example of how working with the best teams always pays off. Next step: mainnet beta. I’m excited to show everyone what we’ve been building in the coming months.

The future global financial system, in your hands. The XPL public sale is now live.

RT @dgt10011: The big stablecoin alpha of the day won’t be what is happening in the private chambers of DC but what is happening in your ve…

The new financial system. Now with a brand that looks the part.

The Plasma testnet is now live. Built from the ground up for global stablecoin payments, it includes our core components: the PlasmaBFT consensus and our EVM execution layer designed for throughput, speed, and scale. Trillions.

Plasma is entering the next phase of building a global financial system where money moves at internet speed, with zero fees and full transparency. XPL is the core asset securing this system. The public sale begins July 17 at 9:00 AM ET. Deposits and withdrawals are now locked.

We’re investigating the compromise of the Plasma X account. - Strong 1Password-generated and stored login - 2FA (non-SMS) enabled - Login shared only between 3 team members via 1Password - Email was dedicated to X only, accessed by 2 people - Last email from X was at 2:36am CET (X Gold invoice) - No password or email change notification received - Login now fails with “incorrect email” - No signs of phishing or compromise on our side Every security best practice was followed. We suspect this may have occurred via the Twitter admin panel and are trying to reach someone at X who can help. This unauthorized access is isolated to our X Account. All contracts and funds are safe.

Own the system. The XPL public sale begins July 17.

Some personal news: I’ve joined @PlasmaFDN to lead the protocol engineering team. Despite the many interesting and exciting projects in the industry, I joined Plasma because I believe in its vision and the potential for a positive, global impact. Here's why: