ETHSofia · Oct 6, 2026

With Marc Zeller (ACI) and Token Brice (Polaris / Pharos). In this fireside chat, Marc Zeller, joining remotely from Tokyo, and TokenBrice reflect on how DeFi has changed since about 2018. After the Aave governance disputes, they ask who owns a protocol's intellectual property, what a token holder actually owns, and why the market now rewards tokens with a claim on revenue and punishes combined equity and token structures. Zeller says his new lending protocol, ACI, will be token only, with its IP in a foundation and revenue controlled by holders, while TokenBrice describes how Polaris issues new tokens only when users burn the collateral token behind its stablecoin. Both criticise DeFi for giving up privacy to court institutions, which Zeller says hold only about $4 billion of Morpho's $12 billion. Fireside Chat at ETHSofia 2026, 24 September 2026, Sofia Tech Park, Sofia. Part of Blockchain Week Bulgaria 2026. Speakers ▸ Marc Zeller, Co-founder, ACI Marc Zeller is co-founder of ACI, a new DeFi lending product launching this year. He co-founded Ethereum France and helped organise the first EthCC in Paris in 2015, then went on to roles at Consensys and Coinhouse, the first French-regulated CASP. In 2019 he joined EthLend to prepare the launch of Aave V1, and in 2022 founded the Aave Chan Initiative, which drove strategy and growth for the Aave DAO for more than three years. LinkedIn: https://www.linkedin.com/in/marczelleraci X: https://x.com/Marczeller ▸ Token Brice, Founder, Polaris / Pharos Liquidity engineer, protocol analyst, and co-founder of The DeFi Collective. TokenBrice has been building in Ethereum DeFi since the early days and now leads Polaris, tackling stablecoin centralisation head-on. X: https://x.com/tokenbrice Chapters 00:00 Introduction 00:18 Setting the scene: two DeFi veterans 02:00 Governance after the death of DAOs 04:37 What does a token holder actually own? 06:26 Equity or token: you cannot play both games 08:29 Marc's next project: token only, no equity 10:46 Polaris: a new token emission mechanism 12:56 Why now: crossing over to the builder side 17:11 Did the institutions deliver? 20:35 Losing the war on privacy 23:13 Audience comment and close 25:01 Closing titles Blockchain Week Bulgaria: https://www.blockchainweek.bg ETHSofia: https://www.ethsofia.com Future Finance Forum: https://www.blockchainweek.bg/f3 Follow Blockchain Week Bulgaria X: https://x.com/BWBulgaria LinkedIn: https://www.linkedin.com/company/blockchain-week-bulgaria Follow ETHSofia X: https://x.com/EthSofiaBG LinkedIn: https://www.linkedin.com/company/ethsofia Telegram: https://t.me/+b-33LJUpAB5iODNk Nothing in this video is financial advice. About the organiser Blockchain Week Bulgaria, ETHSofia and the Future Finance Forum are organised by the Bithope Foundation, founded in 2014 by Vladislav Dramaliev. Inspired by Andreas Antonopoulos, it is Europe's first non-profit operating exclusively with bitcoin donations. Over more than ten years, it has supported 50+ charitable campaigns, and in January 2016 it co-founded the Sofia Crypto Meetup, now the region's longest-running monthly crypto event. https://bithope.org

ETHGlobal · Sep 9, 2026

Alex McFarlane, CEO of Keyring Network, introduces a disciplined risk methodology for tokenised assets in DeFi by drawing on lessons from clearing houses, bank regulation, derivatives, and past financial failures. He explains why credentials, ratings, historical performance, and apparently robust models cannot substitute for independent controls. Examples including AIG, Long-Term Capital Management, Lehman Brothers, and fragile clearing assumptions show how incentives, concentration, and model error can turn accepted practices into systemic risk. He traces the modern clearing framework through the Bank for International Settlements and standardized initial margin models, then asks which lessons should transfer to permissionless markets. Historical institutions accumulated rules after repeated crises, but rules can fail when the people setting ratings, collateral assumptions, or insurance prices benefit from optimistic outcomes. McFarlane uses these examples to show why transparency alone does not remove conflicts. A protocol can publish every parameter and still be unsafe if its governance process rewards the wrong behavior. McFarlane focuses on practical safeguards for DeFi lending and tokenized markets: separate parameter setting from commercial pressure, test models outside the data used to calibrate them, examine tail events, and run transparent scenario analysis. He warns that insiders, issuers, or large counterparties may push for higher loan-to-value ratios that benefit them while shifting risk to a protocol. The takeaway is a governance-first approach in which assumptions are challenged, conflicts are visible, and risk parameters are designed for unfamiliar market conditions, not merely optimized to explain the past. The methodology emphasizes independent validation, robust data, and explicit limits on who can influence risk settings. Models should be calibrated on one period and challenged against separate market conditions. McFarlane cites scenario analysis around FTX, a major counterparty collapse, and shocks to DeFi rates, while arguing that macro stress such as a global financial crisis or private-credit selloff deserves more attention. 00:00 Introduction and Risk Quant Background 00:40 DeFi Lending as Automated Clearing 01:31 How Lending Risk Parameters Are Set 02:52 Three Centuries of Clearing Houses 03:28 BIS and Standard Initial Margin Models 04:06 Setting Haircuts for Different Assets 04:23 Applying TradFi Models to Tokenized Assets 04:44 When Risk Takers Mark Their Own Work 05:13 AIG, Lehman, and Financial Failures 05:36 How Clearing Houses Managed Lehman 06:07 Silicon Valley Bank and DeFi Stress 06:39 The Clearing House Default Waterfall 07:38 How Aave Followed the BIS Model 07:56 Fragility, Robustness, and Tail Events 08:18 The Meaning of Antifragility 09:18 Evaluating Proprietary Risk Models 09:42 Why Track Record Is Not Proof 10:08 Long-Term Capital Management Failure 10:48 Independent Validation After 2008 11:38 Monte Carlo Models and In-Sample Data 12:27 Testing Models on Unseen Conditions 12:53 Verify Instead of Trusting Models 14:10 Questions Before Depositing in DeFi 15:15 Commercial Pressure on LTV Settings 16:14 High LTVs and Counterparty Conflicts 16:52 Why Independent Parameters Matter 17:39 Conflicts From Skin in the Game 17:57 Scenario Analysis for Protocol Failures 18:24 Macro Risk and Private Credit Stress 19:07 Open Risk Methodology for Tokenized Assets 19:59 Closing Thanks and Takeaways _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🇵🇹 *Pragma Lisbon 2026* Pragma Lisbon 2026 was held on June 25th at the Carlos Lopes Pavillion in Lisbon, Portugal and was an in-person summit for builders and leaders in the web3 ecosystem. Watch the full Pragma Lisbon 2026 YouTube Playlist here: https://www.youtube.com/playlist?list=PLMxB4xW8JYdk ETHGlobal's Pragma series takes place in cities around the world, and is designed to be a different kind of event. Pragma is a one-stage conference with founders-only on stage, bringing together a small group of curated attendees and speakers to discuss the future of web3 and reflect on the past. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ Follow Alex McFarlane X: https://x.com/flipdazed ✅ Follow Keyring Network X: https://x.com/KeyringNetwork ✅ Follow ETHGlobal X: https://x.com/ETHGlobal​ Warpcast: https://warpcast.com/ethglobal Website: https://ethglobal.com YouTube: https://www.youtube.com/@UCfF9ZO8Ug4xk_AJd4aeT5HA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Are you interested in Ethereum development and entrepreneurship? 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city

ETHGlobal · Aug 9, 2026

In this workshop at ETHGlobal New York 2026, Tanner Moore, a technical account manager at 1inch, presents reimagining the AMM with 1inch Aqua, covering the current DEX landscape and its assumptions, what Aqua is and how it reimagines the AMM, extending beyond AMMs, and the benefits for LPs, traders, and builders. He starts with the classic example: Bob the liquidity provider deposits ETH and USDC into a Uniswap V2 pool, then Alice trades against that liquidity and Bob earns fees. But with many AMMs and LPs, the ecosystem grows fragmented. 1inch solved the trader side long ago with its aggregator, keeping Alice's experience simple, but fragmentation only accelerated behind the scenes, with endless reimplementation of custody, accounting, and settlement. From the LP's perspective, choosing where to deposit is painful, participation has high opportunity cost (locking funds in one AMM forfeits other yields and often DAO governance), moving funds is high-friction and security-intensive, and new projects keep incentivizing more fragmentation. Tanner explains Aqua's core question: can you get the AMM experience without an AMM holding funds in the middle? In Aqua, liquidity stays in the LP's own wallet, unbound to any strategy, so Bob can sell, send, or reuse his tokens freely while settlement stays atomic and feels identical to a normal swap for Alice. The architecture has three parts: the Aqua router (a simple 80-line contract handling LP registration, balances, and swap settlement), Aqua applications (swap logic like constant product, concentrated liquidity, and stable swap), and strategies (the accounting of an LP's commitments). He walks through the on-chain flow where Bob permits the router and calls a ship function, an indexer picks up his commitment, and a trader's quote pulls from Bob's wallet on verification. Benefits include selling committed tokens anytime, keeping governance voting power, and reusing the same tokens across strategies so $4,000 of real liquidity becomes $6,000 of effective liquidity. He introduces SwapVM, a virtual machine inside the EVM that abstracts AMM design into building-block op codes (price curves, taker restrictions, fees, decay functions), extensible with external calls or custom op codes. He notes Aqua extends beyond AMMs to prediction markets, privacy pools, and flash loans, shares the market impact for LPs, users, and builders, and closes with bounties ($5,000 for new Aqua apps, $2,000 for extending existing ones) and Q&A. 00:00 Introduction 00:11 What the Talk Will Cover 00:44 The Classic LP Example With Bob 01:24 How a Trader Swaps Against the Pool 01:41 Why the Ecosystem Gets Fragmented 01:52 How 1inch Solved the Trader Side 02:33 Why Fragmentation Only Accelerated 02:51 LP Drawback: Choosing Where to Deposit 03:09 The High Opportunity Cost of Participation 03:28 Losing Access to Governance 03:50 Why Moving Funds Is High Friction 04:24 How New Projects Incentivize Fragmentation 04:50 The Problem With Funds in the Middle 05:13 The Question Behind Aqua 05:36 How Liquidity Stays in the LP Wallet 06:11 The Three Parts of Aqua's Architecture 06:21 The Aqua Router 07:07 Aqua Applications 07:27 Aqua Strategies 07:50 Walking Through the On-Chain Flow 08:46 How the Commitment Is Indexed 09:04 How a Trader Pulls From Bob's Wallet 10:19 Reusing Tokens Across Strategies 10:40 Turning $4,000 Into $6,000 of Liquidity 11:31 Handling Pressure on the Same LP 12:10 Beyond Constant Product: Introducing SwapVM 12:58 SwapVM as Building Blocks for Swaps 13:35 Solidity vs SwapVM Side by Side 14:56 Aqua Extends Beyond AMMs 15:50 A Flash Loan Example in Aqua 16:31 Participating in Many Strategies at Once 17:12 The Impact on the DeFi Market 17:50 The Aqua Bounties 18:10 Q&A: Virtual Balances 19:31 Q&A: Using Custom Op Codes 20:42 Q&A: SwapVM as a Solidity Interpreter 21:14 Q&A: Liquidity Ranges 22:06 Q&A: EOA vs Contract LPs 22:20 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHGlobal New York 2026* This workshop is specifically for ETHGlobal New York 2026, a 3-day hackathon held June 12-14 at the Metropolitan Pavilion, bringing together the most skilled web3 developers, designers and product builders from all around the globe for a weekend-long adventure to advance the Ethereum ecosystem! Watch the full ETHGlobal New York 2026 playlist here: https://www.youtube.com/playlist?list=PLXzKMXK2aHh7MZ8T-ict6YshkFDw9WJCu _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHGlobal* X: https://x.com/ETHGlobal​ Website: https://ethglobal.com YouTube: https://www.youtube.com/c/ETHGlobal _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Are you interested in Ethereum development and entrepreneurship?_ 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Aug 9, 2026

In this workshop at ETHGlobal Lisbon 2026, Gathin T, a senior developer at 0G, introduces 0G as a permissionless blockchain for AI agents, covering what it is, how to start building, and the resources available. He frames the core value up front: 0G enables verifiable, private inferencing where model queries run inside a trusted execution environment (TEE) so the input and output are verified and not exposed to centralized entities. He then walks through the problems with centralized AI. Recent restrictions and re-enablements around Fable Fi show how access can be throttled, gated, or removed by government or corporate decisions. Subscription pricing can change unpredictably (he cites region-specific pricing). Censorship can refuse legitimate requests (like cybersecurity research) based on a model's parameters. He breaks these into specific issues: opacity and lack of trust (you cannot verify you are getting the actual model behind a black box), vendor lock-in with closed APIs and shifting policies, and no true ownership of the agents you create. Gathin explains how 0G addresses each. Inference is provable with references, running in a tamper-proof input-output channel where your data is not used for training. Rather than lock-in, 0G is a marketplace where you can switch between multiple providers for the same model, choosing cheaper or lower-latency options by region. Ownership comes via agentic IDs (the ERC-7857 standard), NFTs tied to an agent that can be transferred. He stresses the platform is permissionless with no gatekeeper, and that its modular stack lets you swap any layer without rebuilding, with incentives for compute providers and future fine-tuning contributors. He notes open source models like Kimi K2, GLM, and DeepSeek are reaching parity, and covers the architecture: an infinitely scalable chain (11,000 TPS, sub-second finality), decentralized storage (80 to 90% cheaper than AWS S3), compute, a soon-launching fine-tuning and RAG layer, a provider marketplace, and alignment nodes (around 92,000 sold) giving the community governance. He highlights products like the private compute router at pc.0g.ai (OpenAI-compatible keys) and the 0G app for building, notes 0G is well funded ($325 million) with 400+ ecosystem partners, and closes with the $15,000 in bounties across best AI product, infrastructure, and continuity tracks, plus a Telegram group for testnet tokens, followed by Q&A. 00:00 Introduction 00:33 Welcome to Lisbon 00:44 What This Workshop Covers 01:04 The Core Problem With Centralized AI 01:25 Verifiable, Private Inference in a TEE 01:49 How Centralized Models Get Restricted 02:07 Unpredictable Subscription Pricing 02:45 The Censorship Problem 03:04 Opacity and the Black Box Problem 03:45 How 0G Enables Verifiable Inference 04:13 Vendor Lock-In and Switching Providers 04:58 The Problem of No Agent Ownership 05:17 Agentic IDs as Ownership 05:37 Centralized Control and Censorship 06:18 Swapping Layers Without Rebuilding 07:01 Incentives Across the Modular Stack 07:38 Why Open Source Models Are Catching Up 08:01 Private TLS Routing and Attestation 08:58 The Modular Architecture 09:18 Decentralized Storage for Agents and Models 09:56 The Marketplace and Alignment Layer 10:25 Why Trust Is the Biggest Issue 10:53 0G Compute and GLM 11:16 Storage 80 to 90% Cheaper Than S3 11:38 Chain Throughput and Sunsetting the DA 12:00 Agentic ID and the ERC-7857 Standard 12:12 The Private Compute Router 12:42 The 0G App and Agent Launchpad 13:02 Funding, Partners, and Grants 13:26 The $15,000 in Bounty Tracks 13:47 The Infrastructure Track 14:07 The Continuity Track 14:25 Joining the Telegram for Testnet Tokens 15:02 Q&A: Track Ideas and Requirements 15:57 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🇵🇹 *ETHGlobal Lisbon 2026* This workshop is specifically for ETHGlobal Lisbon 2026, a 3-day hackathon held July 24-26 at the Carlos Lopes Pavillion, bringing together the most skilled web3 developers, designers and product builders from all around the globe for a weekend-long adventure to advance the Ethereum ecosystem! Watch the full ETHGlobal Lisbon 2026 playlist here: https://www.youtube.com/playlist?list=PLWgAODGnD_is _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHGlobal* X: https://x.com/ETHGlobal​ Website: https://ethglobal.com YouTube: https://www.youtube.com/c/ETHGlobal _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Are you interested in Ethereum development and entrepreneurship?_ 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Aug 9, 2026

In this workshop at ETHGlobal Lisbon 2026, Caleb Rippey from 1inch presents reimagining the AMM with 1inch Aqua, covering the current DEX landscape, how Aqua works, what it enables beyond AMMs, and the benefits for builders, LPs, and traders. He starts with the standard AMM flow: Bob the liquidity provider transfers tokens into a Uniswap pool, Alice the trader sends ETH in and gets USDC out, and if Bob withdraws his liquidity the pool empties and Alice can no longer trade. Since liquidity is spread across Uniswap, Curve, and Sushi, 1inch acts as a DEX aggregator sourcing the best liquidity, making it feel unified, but every new AMM means redesigned contracts, re-implemented custody, accounting, and settlement, more audits and attack surface, and fragmented liquidity. From the LP's perspective, choosing where to deposit is hard, participation has high opportunity cost, funds locked in a pool lose governance voting power, and moving positions is high-friction, with LPs constantly chasing fee opportunities. Caleb explains Aqua's core idea: remove the pool in the middle so Alice trades directly against Bob's wallet balances. In Aqua, liquidity stays in the LP's wallet, is not bound to one strategy, and settlement is always atomic. The architecture has three parts: the Aqua router (an 80-line contract handling shipping and docking strategies, tracking virtual balances, and pushing and pulling tokens), Aqua apps (swap logic like constant product, Dutch auction, and concentrated liquidity), and strategies (LP commitments to those apps). He walks through the flow where Bob approves and permits the router, ships his strategy as an intent, an off-chain indexer picks up the state, and a trader's request has the Aqua app verify Bob's commitment before the router pulls and pushes tokens. Benefits include keeping governance rights, sending committed tokens freely, and reusing the same tokens across strategies so $4,000 of real liquidity becomes $6,000 of effective liquidity. He introduces SwapVM, which combines swap logic into reusable op codes (price curves, taker restrictions, fees, decay functions) so a constant product app takes only a few op codes, and notes Aqua extends beyond AMMs to prediction markets, privacy pools, flash loans, payment clearing, and lending. He closes with the bounties ($5,000 for a new Aqua app split three ways, $2,000 continuity split two ways) and a Q&A on indexers, deferred pull-and-push accounting, flash loans, and the decay op code for preventing front-running. 00:00 Introduction 00:11 What the Talk Will Cover 00:39 The Standard AMM Flow 01:09 How a Trader Swaps Against the Pool 01:34 What Happens When Bob Withdraws 01:59 Why 1inch Aggregates Liquidity 02:32 The Drawbacks of New AMMs 03:04 LP Drawback: Choosing Where to Deposit 03:34 The High Opportunity Cost of Participation 04:08 Losing Governance Voting Power 04:36 Why Moving Funds Is High Friction 05:04 Chasing Fee Opportunities 05:29 How New Projects Fragment Liquidity 05:47 The Question Behind Aqua 06:08 How Aqua Keeps Liquidity in the Wallet 06:39 The Aqua Router 06:57 Aqua Apps 07:06 Aqua Strategies 07:43 Walking Through the Aqua Flow 08:15 How Bob Ships His Strategy 08:46 How the Indexer Picks Up the State 09:18 How a Trader Pulls From Bob's Wallet 09:45 Returning Tokens to Bob 10:14 What the Design Gets You 10:35 Reusing Tokens Across Strategies 11:17 Turning $4,000 Into $6,000 of Liquidity 11:52 Handling Competing Trades in One Block 12:24 Introducing SwapVM 12:55 Constant Product in SwapVM 13:24 Op Codes and Custom Logic 13:38 How Aqua Extends Beyond AMMs 13:55 A Flash Loan Example 14:35 Subscribing to Many Strategies at Once 15:08 The Impact on the DeFi Market 15:46 The Aqua Bounties 16:20 Q&A: Indexers 16:44 Q&A: Deferred Pull and Push Accounting 17:54 Q&A: Flash Loans and Self-Liquidations 19:32 Q&A: The Decay Op Code 20:30 Q&A: Examples and Resources 21:30 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🇵🇹 *ETHGlobal Lisbon 2026* This workshop is specifically for ETHGlobal Lisbon 2026, a 3-day hackathon held July 24-26 at the Carlos Lopes Pavillion, bringing together the most skilled web3 developers, designers and product builders from all around the globe for a weekend-long adventure to advance the Ethereum ecosystem! Watch the full ETHGlobal Lisbon 2026 playlist here: https://www.youtube.com/playlist?list=PLWgAODGnD_is _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHGlobal* X: https://x.com/ETHGlobal​ Website: https://ethglobal.com YouTube: https://www.youtube.com/c/ETHGlobal _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Are you interested in Ethereum development and entrepreneurship?_ 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this talk, Andrej Bencic, co-founder and CEO of Tenderly, makes the case that the next decade of crypto requires shifting focus from building the rails to operating them safely. He opens with a story of a routine protocol upgrade where tests passed, the audit was clean, governance approved, and the time lock executed normally, yet within four minutes of mainnet deployment an asset valued at $2,200 dropped to $0, triggering cascading liquidations and nearly $2 million in bad debt. The smart contracts behaved exactly as intended. The failure wasn't in the code, but in everything around it. Andrej argues that the industry has hyperfocused on getting protocols from idea to mainnet while neglecting operational risk in production with live state and live dependencies. He uses the analogy that the map is not the territory: smart contracts are the map, but mainnet is the territory full of traffic, congestion, and population density. He outlines four categories of risk that must be managed together. Process risk covers operational mishaps like signing transactions, treasury management, and deployment workflows, where he cites that process exploits now outnumber code exploits by 6 to 7 times. Dependency risk covers second, third, and fourth order failures across the interconnected web of DeFi protocols. Market risk recognizes that DeFi lacks trading hours, circuit breakers, and human checkpoints that traditional finance relies on, so multi day unwinds can happen in an instant. Code risk remains essential as ever but needs to test onchain dynamics, not just isolated sandboxes. He closes by introducing the concept of blockchain operations and pointing to simulation against live state as the unique advantage blockchain offers, comparing it to pilots in flight simulators or banks running stress tests. 00:00 Introduction 00:11 A Routine Upgrade Gone Wrong 01:04 $2 Million in Bad Debt in Four Minutes 01:33 The Smart Contracts Behaved as Intended 01:51 Andrej's Background at Tenderly 02:38 Why None of the Checks Triggered 03:03 Hyperfocusing on Reaching Mainnet 03:26 The Work Doesn't Stop at Launch 04:10 The Map Is Not the Territory 05:38 Smart Contracts Are Half the Equation 06:38 Crypto Becoming Finance Itself 07:11 Risk Management as the Next Decade's Discipline 07:47 Four Categories of Risk 08:20 Process Risk and Operational Mishaps 09:37 Six to Seven Times More Process Exploits Than Code Exploits 09:59 Dependency Risk and the DeFi Lego Tradeoff 11:18 Knowing the Blast Radius of Dependencies 11:53 Market Risk Without Circuit Breakers 13:19 Modeling Comfort with Exposure 13:36 Code Risk Remains Essential 14:23 Testing Onchain Dynamics, Not Just Isolated Sandboxes 14:52 Correct at Launch Doesn't Mean Correct at Scale 15:22 Frameworks From Traditional Finance 15:49 Simulation Against Live State as the Tying Piece 16:23 No Undo Buttons on Blockchain 16:48 Pilots, Banks, and Stress Testing 17:43 Blockchain Operations as a Category 18:16 Closing: Operating at the Level Global Attention Requires _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Sreeram Kannan

ETHGlobal · Jul 9, 2026

In this fireside chat, Nikita Sachdev from Luna PR sits down with Sreeram Kannan, founder of Eigen Labs and former University of Washington professor, to discuss the verifiability layer needed for the AI agent economy. Nikita opens by asking the audience to raise hands on whether they'd trust an AI agent to book a flight (most hands), make a $100 transaction (more hands), or hand over their passport, bank accounts, and identities (almost none). Sreeram identifies two layers of agent verifiability: confirming the agent is running exactly the code and model claimed, and enforcing constraints on what the agent can do. He stratifies agents into single player (where a user can run them locally with their own constraints) and multiplayer (where agents adjudicate between mutually untrusting parties like a prediction market), noting that multiplayer agents need much higher trust guarantees. Eigen Compute solves this by guaranteeing the exact prompts, model, and data used in agent decisions. Sreeram shares his personal AGI moment from 2017 working on DNA sequencing with physicist Jens Gundlach, when a student beat his hand crafted mathematical benchmarks using deep neural networks, teaching him that any objectively verifiable problem can be optimized by AI. He recounts a recent story where an Eigen colleague who hadn't finished college responded to Google's quantum breakthrough by launching ECDSA.fail, an open challenge where anonymous agent operators collaborate. Within six days they not only beat Google's benchmark but went 40% better than anything existing. He warns the next 6 to 12 months will be scary for DeFi as AI cracks instant settlement protocols, suggesting protocols with intentional settlement lag will weather this better. He closes by outlining Eigen's new thesis of agentic companies: agents at the center, humans at the edge, with company credentials (websites, YouTube channels, Stripe accounts, Roblox games) owned by onchain smart contracts so that every digital company becomes investable by crypto capital. 00:00 Introduction 00:32 Sreeram's Background and Eigen Labs Overview 01:21 Audience Hand Raising: How Much Do You Trust AI Agents 02:09 Two Layers of Agent Verifiability 02:42 Single Player vs Multiplayer Agents 03:28 Prediction Markets and Multiplayer Trust 04:15 How Eigen Compute Guarantees Agent Execution 04:42 What Makes Eigen the Right Company for AI 05:31 Sreeram's 2017 AGI Moment with DNA Sequencing 06:41 Why Objectively Verifiable Problems Get Optimized by AI 07:20 How AI Led Sreeram Into Blockchain 07:52 Eigen Layer's Original AI Thesis 08:17 Climbing the Product Stack to Agentic Companies 09:23 Would EigenLayer Move This Fast Without AI 09:46 The Google Quantum Breakthrough Story 11:06 ECDSA.fail: 40% Better Than Google in Six Days 12:12 The 10x to 100x Acceleration Opportunity 13:09 Is Crypto Moving Fast Enough Against AI Attacks 13:49 Instant Settlement vs Security Tradeoff 14:31 Why the Next Six to Twelve Months Will Be Scary for DeFi 14:56 What About Other People's Jobs 15:21 The Agents as Companies Thesis 16:05 Crypto's Core Value Proposition Is Capital 16:29 Why Only Five DeFi Protocols Are Investable 16:53 Putting Digital Company Credentials Onchain 17:19 Fully Onchain Agents That Cannot Run Away 17:51 Agents at the Center, Humans at the Edge 18:24 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Ansgar Dietrichs

ETHGlobal · Jul 9, 2026

In this talk, Ansgar Dietrichs from the Ethereum Foundation, who has been in Ethereum core research for seven years, currently leads scaling work and co-leads the Okodas governance process, shares personal reflections on Ethereum's role in what he calls the decade of adoption. He frames the first 10 years of blockchains (2014 to 2024) as the infrastructure era requiring countless zero to ones across wallets, transaction supply chains, and the entire tech stack. He argues 2024 marked the ChatGPT equivalent moment for crypto, but unlike AI's single inflection point, it was a perfect storm of the tech stack reaching maturity, the US regulatory environment shifting from open hostility to a friendly stance, and stablecoins finally hitting product market fit beyond crypto native use cases. Ansgar contrasts two possible futures for crypto. The bad outcome is a fragmented world of independent chains (general purpose, app chains, privacy chains, permissioned chains) all linked by brittle custom bridges that have repeatedly failed and require each user to reason about every chain's security model independently. Ethereum's answer is a singular foundational framework that embraces all that customization but routes everything back to a shared settlement layer, enabling trustless interoperability between any pair of chains or assets, propagated security guarantees from Ethereum L1, full customizability at each layer, a single entry point for users, and ETH as the one native asset across the onchain economy. He explains the EF's pivot toward being one node among many ecosystem stewards rather than the center of Ethereum, then defends Ethereum's values as deeply practical rather than overly ideological. He cites security through redundancy across 10+ Ethereum clients being especially crucial during the coming AI driven cyber security arms race, Ethereum's principled postquantum planning while other chains scramble, and neutrality and strategic reliability under what he calls the Amazon test: would a big tech company comfortable trust putting its business flows on Ethereum knowing it could never be rugged. 00:00 Introduction 00:11 Ansgar's Background at the Ethereum Foundation 00:52 Why ETHCom Is Emblematic of a New Time Period 01:16 The First Decade of Blockchains: 2014 to 2024 02:11 The ChatGPT Moment for Crypto 02:41 Three Forces: Tech, Regulation, and Stablecoins 03:24 Entering the Decade of Adoption 03:48 The Bad Outcome: A Fragmented Future 04:51 Why Brittle Bridges Are the Bigger Problem 05:41 Ethereum's Answer: A Singular Foundational Framework 06:18 Why a Shared Settlement Layer Wins 06:47 Trustless Interoperability Across All Chains 07:35 Aspirational Today, Priority for Adoption Era 07:57 Propagating Ethereum's Security Guarantees 08:31 Full Customizability with Ethereum as Entry Point 09:12 ETH as the Native Asset of the Onchain Economy 09:43 The EF as One Node Among Many Stewards 10:48 Embracing the Ethereum Way of Decentralization 11:52 Why Ethereum's Values Are Misunderstood 12:11 Why Principled Equals Practical 12:34 Security: 10 Clients and 100% Uptime 13:03 The Coming AI Cybersecurity Arms Race 13:52 Quantum Resistance and the Beam Chain 14:54 Neutrality and Credible Neutrality 15:23 Why Censorship Resistance Matters for Institutions 16:31 Strategic Reliability and the Amazon Test 17:58 Useful Across the Spectrum 18:29 The Four Step Plan for Ethereum 19:51 Closing: Ethereum's Best Time Is Yet to Come _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this fireside chat, Jill Malandrino moderates a discussion with Declan Fox and Rob Dawson from Consensys on the role of neutral governance in institutional blockchain adoption. They argue that while open source software has been foundational for technology companies, it is not sufficient on its own for enterprises making decade long bets, since the technology could be swept from under their feet without credible neutral stewardship. Declan compares open source without neutral governance to a building where you can peek in the door and inspect the code, but the house could still be demolished. The conversation positions governance not as ideology but as a practical procurement decision. Declan and Rob detail Besu's success as the institutional Ethereum client, running 15% of Ethereum mainnet but 80 to 90% of all blocks on enterprise blockchains, largely because of its Apache 2 license and Hyperledger and LFDT hosting. They explain that Consensys has now made the same bet on Layer 2 by contributing Linea technology to the Linux Foundation. The discussion covers tradeoffs in the EF's CROPS mandate (censorship resistant, open source, private, secure), how zero knowledge proofs enable confidential blockchains to interoperate without revealing sensitive information, the risk of digitizing fragmentation across chains, and atomic cross chain delivery versus payment as a recently unlocked use case. They close on the holy trinity of decentralized trust (blockchains), decentralized identity, and decentralized AI, with discussion of how ERC-7804 helps manage non human identities in a future of machine to machine blockchain interaction. 00:00 Introduction 00:29 Why Governance Is Becoming Central to Institutional Adoption 00:52 Open Source Is Not Enough: The Building Analogy 01:51 Why Technologists Should Care About Governance 02:37 Besu's Adoption Through Apache 2 and Linux Foundation 03:15 Besu as the Institutional Ethereum Client 03:41 Donating Linea Technology to the Linux Foundation 04:26 The Linux Foundation as a Trusted Brand 04:47 Does Governance Quality Match Technical Quality 05:40 Competitors Coming Together for Shared Standards 07:07 Governance as a Component of Scalability 07:26 Challenges and Friction Points in Governance 08:35 Maintaining Innovation Velocity Under Stewardship 09:55 Governance Improves Product Practices 10:00 The CROPS Mandate and Its Tradeoffs 11:40 Privacy and Security as Institutional Adoption Blockers 11:58 How Privacy Is Achieved Technically with ZK Proofs 12:50 Avoiding Digitized Fragmentation Across Chains 13:58 LFDT as a Forum for Interop Standards 14:16 No One Size Fits All Chain Solution 14:51 Interoperability as the Remaining Pillar 16:04 Cross Chain Delivery Versus Payment Now Possible 16:35 Security as a Critical Conversation 17:36 Challenges with Legacy Enterprise Blockchain Infrastructure 19:08 Ethereum's 10+ Years of Continuous Uptime 19:52 What's Next: Progressive Decentralization 21:16 Integration, Not Us Versus Them 22:22 How Rough Consensus Works in Practice 23:30 Selectivity in Onboarding Projects to Foundations 24:48 The Maturation of Governance, Security, and Privacy 25:25 Closing Thoughts on Institutional Adoption 25:44 The Holy Trinity: Decentralized Trust, Identity, and AI 26:26 Governing Non Human Identities and AI Agents 27:21 ERC-7804 and Machine to Machine Infrastructure 27:37 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this talk, Jakob Drzazga, founder of Frontier Tower, opens with the story of why he chose to build on Ethereum back in 2017: not for the price action or hype, but because of the test nets that let developers safely change the engine mid flight while ensuring everything remained solid. He uses this as a frame to ask what societies and governments would look like if they had test nets to validate policy implementations before rolling them out nationwide. He argues we currently implement things mid flight without testing, leading to uncoordinated outcomes. His mission is to build a physical test net for new governance and monetary systems. Jakob walks through Frontier Tower's progress since launching in April 2024: a 16 floor vertical village in San Francisco with capacity for 7,000 builders, organized into floors for AI, longevity, biotech, crypto (which he calls the Ethereum floor), robotics, and neurotech. In the last 12 months, 70,000 people visited, 800 became full time citizens, and they're growing 25% quarter over quarter. They've since acquired Superhero Hotel for 150 builders to co-live, and plan to scale from 1,000 to 10,000 to 100,000 to 1 million citizens. He references Ray Dalio's thesis that societies survive on average 250 years, then shares observations from his China trip including Mu Shanghai's pop-up city showcasing record breaking drone shows, autonomous coffee shops, robots on the street, and China surpassing the US in blockbuster pharma deals in 2025. He attributes China's edge to its 80 year old governance system being younger and to experimentation in special economic zones like Shenzhen, Dubai, and Singapore. He advocates for startup cities and freedom cities in America. He previews two near term experiments his community will run: Frontier OS launching this year with their own stablecoin to test programmable, restricted subsidies that solve the 2021 stimulus problem where many recipients invested in crypto rather than supporting small businesses, and an AI agent based DAO experiment with Protocol Labs where each tower resident's agent reads proposals, knows their preferences and physical activity patterns, and votes accordingly. He closes with the Frontier Residency program that just ran badge zero with six startups, with one accepted to YC. 00:00 Introduction 00:11 Why Test Nets Made Jakob Choose Ethereum in 2017 01:13 What If Societies Had Test Nets 01:52 Frontier Tower: A 16 Floor Vertical Village 02:19 Floors for AI, Longevity, Biotech, Crypto, Robotics 02:50 70,000 Visitors and 800 Citizens in 12 Months 03:19 Superhero Hotel and Co-Living Expansion 03:48 Scaling From 1,000 to 1 Million Citizens 04:18 Rethinking Governance From First Principles 04:18 Ray Dalio's 250 Year Society Thesis 05:06 What China Got Right 06:26 Why Younger Systems Have an Advantage 06:57 Special Economic Zones: Shenzhen, Dubai, Singapore 07:25 The Case for Startup and Freedom Cities in America 08:05 Building a City of Physical and Digital Automation 08:45 The Genius Act and Launching a Frontier Stablecoin 09:10 The 2021 Stimulus Problem 09:38 Programmable Subsidies for Local Economies 10:43 Reimagining Tax Allocation and DAOs 11:24 Why DAOs Failed When Crypto Was Only Digital 12:01 Agent Powered DAO Experiment With Protocol Labs 13:03 How Agents Solve the Proposal Fatigue Problem 13:35 Call to Action: Build a Society Test Net 14:01 RWA Real Estate Over $30 Million 14:24 IRL DAO Co-Design Opportunity 14:59 Frontier Residency Badge Zero Recap 15:40 Open Floors at the Tower 16:15 Robotizing the Building 16:30 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this fireside chat, Aryan Sheikhalian from CMT Digital sits down with Tom Zschach, who recently finished over six years as Chief Innovation Officer at SWIFT, to discuss settlement, trust, tokenization, and neutral governance. Aryan opens on crypto's pitch that it is faster and cheaper, and asks whether speed was ever what held institutions back. Tom explains that while speed and cost matter, the institutional space above all needs certainty: a treasurer sending millions or billions wants security and recourse, and will accept a transaction taking a few seconds longer if the outcome is guaranteed. He addresses what crypto misunderstands about SWIFT, clarifying that SWIFT is a messaging and coordination network that does not issue value, settle, or custody. It coordinates trust through standards, a rule book, and bilateral agreements, and he calls it the original DAO with human governance. Tom explains the SWIFT ledger, a blockchain layered on top of the existing network with no mandates, whose first use case is banks making cross border payments between themselves using deposit tokens as an alternative to nostro vostra accounts. On trust, he frames the hard problem as a boundary issue: blockchains work well for things fully inside the network like swaps and staking, but get complicated when relying on external data or representing off-chain assets like stablecoin reserves. He predicts the most liquid, well understood markets like tokenized bonds and treasuries (DTCC targeting up to $100 trillion) will be tokenized first, while dispute prone assets like real estate come later. He warns against replicating incumbency and single chain control in Web3, favoring a multi-chain world with real competition even as Ethereum sits in pole position. Drawing on his time at CLS (which settles around $10 trillion daily across 18 currencies), he argues scaling institutional adoption requires regulatory clarity and credentials like KYC and wallet eligibility traveling with the asset across chains. He closes bullish that cross border value will move on public blockchains, citing Citi's $5.5 trillion projection. 00:00 Introduction 00:28 Meet CMT Digital and Tom Zschach 01:08 Was Speed Ever What Held Institutions Back 01:28 Why Institutions Need Certainty Above All 02:22 What the Crypto Crowd Misunderstands About SWIFT 03:06 SWIFT as a Messaging Network 03:26 What SWIFT Is Not: No Value, Settlement, or Custody 03:49 Adding Density and Endpoints With the SWIFT Ledger 04:05 SWIFT as a Coordination Network for Trust 04:41 What Blockchains Need to Replicate SWIFT 05:03 Why SWIFT and Blockchains Do Different Things 05:30 SWIFT as the Original DAO 05:56 How the SWIFT Ledger Works 06:25 Cross Border Payments With Deposit Tokens 06:51 What Trust Means Across TradFi and Crypto 07:33 Why External Dependencies Are the Hard Part 08:11 Stablecoins and the Boundary Issue 08:32 What Gets Tokenized First 09:02 Why Demand for Digital Money Is Clear 09:20 Liquid Markets: Bonds and Treasuries First 10:02 Why Dispute Prone Assets Come Later 10:45 SWIFT as the First DAO Revisited 11:22 Incumbency on Blockchain Rails 11:43 Why a Single Chain Undermines Neutrality 12:14 Why a Multi-Chain World Is Better 12:49 Room for More Open Governance 13:10 Leveling the Playing Field With DeFi 13:39 Tokenization Primitives Like Transferable KYC 14:31 Why He Calls It Finance, Not TradFi 14:49 Tokenization Transforming Capital Formation 15:18 Why Transformation Takes Time 15:45 What Convinced Him From Inside the Incumbent 16:07 CLS and $10 Trillion Daily FX Settlement 16:32 Why FX Settlement Was an Early Blockchain Use Case 17:25 Getting Banks Hooked Into Digital Assets 17:47 The Missing Pieces for Institutional Scale 18:21 Why Scale Breaks Across Venue and Chain 18:51 Why Credentials Must Travel With the Asset 19:12 ZK and Solving 19:35 Five Years Out: Value on Public Blockchains 20:09 Citi's $5.5 Trillion Projection 20:42 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Christine Kim

ETHGlobal · Jul 9, 2026

In this talk, Christine Kim from Protocol Watch shares the framework she has used for 8 years tracking Ethereum development and governance, including years running the ACD Toolkit and covering Ethereum's All Core Devs calls. She was one of the first people to regularly cover ACD calls, now runs an independent Ethereum development newsletter and a Bitcoin development newsletter, hosts a podcast on both, and operates a research and advisory firm helping businesses building on the two chains. She frames her insider approach around three foundational questions: how does Ethereum governance work, who are the key players, and where and when do they meet to make decisions. Christine explains that Ethereum governance is like an onion. The outer formal layer is defined by EIPs like EIP-1 (defining the EIP process) and EIP-7723 (labels for CFI, PFI, SFI, DFI status), which AI can help summarize. The harder and more important part is the informal layer, the unwritten norms driving decisions. She notes that on ACD calls each client team gets an equal vote regardless of whether they have 40% or 1% market share, and that contentious decisions require supermajorities whose thresholds shift with the level of contention. She emphasizes that governance itself evolves rapidly, pointing to the new headliner process introduced only in the Fusaka upgrade. On the "who" question, she pushes past treating stakeholders categorically (validators, developers, users, client teams) to look at who individuals actually work for and how their companies are funded. Most Ethereum client teams were seeded and funded by the Ethereum Foundation, which explains its historical leadership, and as the EF narrows focus the funding sources for client diversity are opening up. On the "where," she highlights the three ACD calls as the most important decision-making forum, noting the cadence has evolved from once every two weeks pre-merge to twice weekly today as developers push toward two upgrades a year. Christine explains she deprecated the ACD and BTC toolkits earlier this year not because the framework was wrong, but because static written posts were suboptimal and her readers mostly wanted actionable insights rather than the underlying research process. She closes by challenging the room to apply her framework to at least one protocol, arguing it reveals whether a protocol is genuinely decentralized or engaging in "decentralization theater" with multisigs and federations, and helps identify the real values (transparency, verifiability, accountability) driving each blockchain's differentiation. 00:00 Introduction 00:11 Christine's Track Record 01:12 Launching the ACD and BTC Toolkits 01:36 The Three Questions Framework 02:15 Ethereum Governance as an Onion 02:41 The Formal Layer: EIPs and Labels 04:07 The Informal Layer: Unwritten Norms 04:29 How Client Team Votes Actually Work 05:26 Supermajorities for Contentious Decisions 06:17 How Governance Itself Evolves 06:43 The Headliner Process in Fusaka 07:38 Beyond Categorical Stakeholders 08:34 Looking Deeper at Who Funds Client Teams 09:19 Why the Ethereum Foundation Seeded Client Diversity 09:47 What Happens as the EF Narrows Focus 10:40 Being in the Room Where Decisions Happen 11:34 The Three ACD Calls 11:54 How the Cadence Has Evolved Over Time 12:48 Twice Weekly Coordination Today 13:11 Breakout Calls for Long Term Roadmap 13:38 Why ACD Calls Are More Accurate Than X 14:22 The People, Places, and Process 14:46 Applying the Framework to Bitcoin 15:16 Why Christine Deprecated the Toolkits 15:39 The Medium Was Suboptimal 16:09 Readers Wanted Actionable Insights 17:34 A Call to Apply the Framework 18:14 Questioning the True Value of Protocols 19:05 Decentralization Theater 19:54 What Are the Real Ends of Decentralization 21:01 Closing and Resources _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this talk, Ashton Keys introduces Society Protocol, which he frames as the evolution of blockchain systems to fulfill an entire state structure on chain through a paradigm he calls synchronized states, the future of human coordination. He argues coordination is humanity's superpower, since we are the only species that coordinates at planetary scale, and that improving it even fractionally benefits society more than any individual achievement. Coordination is not natural, so humanity developed systems like democracy, currencies, and governance to coordinate despite competing interests. The premier system of recent centuries has been the nation state, built on the double entry accounting age and its duplicated, fragmented contracts stored separately between counterparties. This gave us equality, democracy, and capitalism, but when technology is added, it drives centralization into gatekeepers. Ashton identifies eight pillars of a state structure beyond government (identity, monetary systems, societal state, time synchronization, shared reality of events, group decision making, the social contract, and value systems), noting all currently centralize into powerful gatekeepers who warp shared reality. He argues the 2,000 year double entry accounting age is ending, and that the transition began in 2009 with Bitcoin decentralizing money and 2015 with Ethereum decentralizing assets. But blockchains lack identity and Sybil resistance, so they cannot form people, governance, or all eight pillars, and their uneven social layer forces them into immutable pyramid structures. He reframes blockchains as two-dimensional clocks and synchronized state machines, and proposes evolving to four-dimensional synchronized state machines that unlock a triple entry accounting age. Society Protocol is a four-dimensional model world synchronizing identities, property, governance, and interactions together, unlocking Sybil resistance, identity, and direct programmable governance where changes update the whole social contract instantly. He walks through the eight pillars as programmable components, warns that centralized CBDCs are a competing path leading to a technofeudal dark age, and closes framing Society Protocol not as revolution but evolution built on Ethereum bridging web3 to web4, seeking committed builders ahead of a public fundraise in about six months. 00:00 Introduction 00:38 Coordination as Humanity's Superpower 01:12 Why Coordination Beats Individual Ability 01:33 How Humans Coordinate Through Systems 01:56 The Nation State as the Premier System 02:20 The Double Entry Accounting Age 02:50 How Duplicated Contracts Work 03:09 What the Nation State Gave Us 03:25 Why Technology Causes Centralization 03:38 The Eight Pillars of a State Structure 04:04 Why We Don't Control Our Own Identities 04:20 How Gatekeepers Grow Powerful 04:56 How Media Platforms Warp Shared Reality 05:44 The Stacked Problems of Centralization 06:09 Why It Looks Like the Apocalypse 06:30 The End of the Double Entry Accounting Age 06:59 From Bitcoin to Ethereum 07:23 Why Blockchains Lack Identity 07:42 Why Blockchains Get Forced Into Pyramids 08:07 Blockchains as Two-Dimensional Clocks 09:08 From Static Objects to Synchronized States 09:30 What Is Society Protocol 10:00 Unlocking Identity and Governance 10:44 Unifying All Eight Pillars Into One Machine 11:30 Pillar One: The Timeline 11:51 Pillars: State Sphere, Actors, and Money 12:09 Events and the Model World 12:30 Governance That Updates Society Instantly 13:00 The Social Contract and Protocol Effects 13:17 Value Functions and What Society Values 14:23 What It All Means for Global Coordination 15:42 Why Synchronized States Beat Nation States 16:26 A Modular System Like a Linux Foundation 16:49 Why CBDCs Are a Competing Path 17:38 The Risk of a Technofeudal Dark Age 18:01 Evolution, Not Revolution 19:10 A Call for Builders and True Believers 20:01 Building on Ethereum From Web3 to Web4 20:40 The Path to a Public Fundraise 20:59 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this talk, Azeem Khan, co-founder of Miden, cuts through the headlines to address the reality of the missing pieces for institutional adoption of crypto. Drawing on his experience as a UNICEF Crypto Fund consultant, a Forbes Crypto contributor, and a CoinDesk writer, he introduces Miden as a next-generation ZK blockchain that raised $25 million last year from a16z crypto, 1kx, and others. He frames the core problem: blockchains have been either fully public (creating dystopian financial surveillance) or fully private (making illicit activity easy), and while permissioned chains are one attempted fix, the average person cares less about decentralization than about counterparty risk. Miden aims to give privacy and compliance to individuals and institutions at once, focused on onboarding institutions. He argues institutional adoption matters because the billion users will not come from meme coins but from people with real money in financial institutions going on chain, noting the 2024 bull run was kicked off by BlackRock's ETF, yet most activity remains stuck in pilots rather than full deployment. Azeem shares insights from speaking with leaders like the head of digital assets at Invesco and Amy Oldenburg who leads digital asset strategy at Morgan Stanley, both $2.5 trillion firms, and buckets the obstacles into four categories. Technical barriers include compliant privacy, interoperability and fragmentation, settlement delays, too few custody and stablecoin providers, weak institutional risk tooling, and shallow liquidity depth (large players would move price charts). Regulatory and compliance barriers include token classification and tax uncertainty (he has not created a US onshore entity for fear the SEC could freeze accounts and block payroll), weak auditing and reporting, insurance shortages, cross-border tax complexity, and reputational risk (the New York Knicks closed off crypto after nearly signing FTX). Operational and governance barriers include counterparty risk, DAO decentralization theater run by whales, and broken token economic models where airdrops create sell pressure rather than demand. Cultural and organizational barriers include quarterly earnings pressure, talent shortages, risk-averse conservatism, and internal knowledge gaps where crypto evangelists are not the decision makers (Invesco needs 50 teams to sign off on a product). He ends optimistically on progress in privacy tech, stablecoin regulation, and institutional DeFi (which he thinks will simply become onchain finance), arguing crossing the chasm requires regulators, builders, and institutions collaborating on trust, compliance, and usability, with long-term vision over short-term hype. 00:00 Introduction 00:11 The Reality Behind the Headlines 00:29 About Azeem 01:02 What Is Miden 01:32 The Problem With Fully Public or Private Chains 01:56 Why Counterparty Risk Matters More Than Decentralization 02:18 Why Institutional Adoption Matters 02:38 Why the Billion Users Will Come From Institutions 03:02 Still in Pilots, Not Full Deployment 03:32 The Three Institutional Perspectives 03:59 Why Adoption Has Stalled 04:21 Technical Barrier: Compliant Privacy 04:42 Interoperability and Fragmentation 05:00 Settlement Delays and Inefficiency 05:21 Too Few Custody and Stablecoin Providers 05:44 The Problem of Liquidity Depth 06:02 Regulatory and Compliance Barriers 06:26 Why He Has No US Onshore Entity 06:40 Auditing, Reporting, and Insurance Shortages 07:16 Cross-Border Tax and Reputational Risk 07:44 Operations and Governance Barriers 08:02 DAO Decentralization Theater 08:36 Why Token Models Are Broken 08:57 Cultural Barriers: Quarterly Earnings Pressure 09:26 Talent Shortages and Risk-Averse Culture 10:13 Why Evangelists Are Not the Decision Makers 10:49 Why Invesco Needs 50 Teams to Sign Off 11:07 Where the Industry Is Making Progress 11:29 From DeFi to Onchain Finance 11:56 What It Takes to Cross the Chasm 12:16 Long-Term Vision Over Short-Term Hype 12:34 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Hart Montgomery

ETHGlobal · Jul 9, 2026

In this talk, Hart Montgomery from the LFDT (Linux Foundation Decentralized Trust) explains why open source matters for institutional adoption, sharing lessons from the Linux Foundation. He covers open source background, table-stakes items institutions expect (software licensing, IP protections, and security best practices), and open governance. He pushes back on the perception, common in the blockchain community, that open source is purely a cypherpunk ideal championed by Vitalik and the Ethereum Foundation. In reality open source is everywhere: even in a typical closed-source enterprise codebase, around 90% of a modern application is open source, assembled as an open source hamburger of frameworks, custom glue code, and libraries. He describes the virtuous flywheel where open source projects power commercial products whose profits flow back into the projects, amplified when a real community forms (illustrated by Kubernetes, where Google's share of contributions shrank proportionally even as its absolute contributions grew). The Linux Foundation exists to solve collaboration when multiple parties want shared code but trust no single owner, and it hosts many Ethereum projects including Besu (around 15 to 20% of mainnet). Hart walks through the table stakes. On licensing, he covers three types: BSL (source-available, not truly open source, like Arbitrum Nitro), copyleft (requires derivative works be made public, principled but commercially hard since companies fear forced disclosure), and permissive (do-what-you-want, easiest for adoption), recommending Apache 2 for its explicit patent grants and warning about dependency pitfalls like LGPL. On IP protections, he explains contributors may add code with patent restrictions, which is why the Linux Foundation created the Developer Certificate of Origin (DCO), and urges every project to use a DCO or CLA. On security, he highlights vulnerability disclosure, software bills of materials (SBOMs) to track dependencies (citing a Black Duck audit where 81% of codebases had high-risk or critical vulnerabilities), and artifact signing via tools like Sigstore against impersonation, plus AI contributor policies and OpenSSF resources like the scorecard for verifiability. He closes on governance, distinguishing open source (code), open development (building in the open), and open governance (transparent roles and roadmap), ranging from a code dump to open product to benevolent dictatorship to true open governance (a do-ocracy where those who do decide). He argues institutions are far more likely to adopt openly governed projects since it avoids vendor lock-in and signals long-term health. 00:00 Introduction 00:34 What the Talk Will Cover 00:58 Why Open Source Is Not Just Cypherpunk 01:30 The Open Source Hamburger 01:54 The Value of Open Source to Enterprises 02:20 The Virtuous Flywheel of Open Source 02:46 The Kubernetes Community Example 03:19 Why the Linux Foundation Exists 03:39 The Breadth of the Linux Foundation 04:38 The Ethereum Projects at the LF 05:06 Why Institutions Trust Open Source 05:27 Defining Open Source Software 05:48 The Three Types of Licenses 06:11 BSL: Source Available, Not Open Source 06:37 Copyleft Licenses and Their Caveats 07:31 Permissive Licenses and Apache 2 08:19 Common Licensing Pitfalls 09:08 Other Legal and IP Protections 09:33 The Risk of Patent Lawsuits 09:58 The Developer Certificate of Origin 10:50 Moving On to Security 11:10 The Open Source Security Foundation 11:40 Making Bug Reporting Easy 12:32 The Software Supply Chain Problem 12:53 Why 81% of Codebases Have Vulnerabilities 13:30 Software Bills of Materials 13:58 Minimizing Dependencies 14:17 Signing and Authenticating Artifacts 14:37 AI and Security 15:34 Why Verifiability Matters 15:57 Talking About Governance 16:27 Open Source vs Development vs Governance 17:12 Four Categories of Governance 17:44 From Benevolent Dictatorship to Open Governance 18:32 Why Open Governance Wins Adoption 19:15 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this talk, Clare Adelgren, global blockchain leader at EY, explores the institutional path from pilot to production onchain, arguing the title captures exactly where the market sits today and why she is optimistic. She opens with a historical analogy: at the dawn of railroads people fixated on the trains (speed, cargo, destinations), but the bigger story turned out to be the rail network and how that infrastructure reshaped entire economies. Similarly, the car alone did not create modern transport; that took roads, safety standards, and institutions around the rules. She draws the parallel to blockchain, where for years attention centered on cryptocurrencies and tokenomics as the first vehicles on the rails, but the biggest shift now is toward the rails themselves, the infrastructure for moving assets, settling value, and coordinating trust in a programmable way, plus the rules and standards needed to operate at scale. Clare contrasts earlier institutional conversations (framed as experimentation, pilots, proofs of concept, consortia, and controlled off-chain or hybrid models that let institutions explore without full commitment) with 2026, where outlooks from the World Economic Forum onward describe a broad shift from experiment to enterprise-grade deployment, with major banks shipping products, regulators drawing clearer lines, and a growing pipeline of real world assets queued for issuance and servicing. The question has shifted from whether the technology works to whether institutions can operationalize it at scale in a trusted, governable, compliant, and valuable way. She argues this moment feels different not just because of regulation reducing uncertainty, but because technology maturity, workable economics, improving privacy, and serious interoperability are aligning at once. Framing technology as table stakes and institutional readiness as the real unlock, she says the next wave will be defined by industrialization rather than innovation, embedding blockchain into real operating models. She lays out five pillars of production readiness: trust and governance (accountability and aligned participants), compliance and controls (auditability, risk management, regulatory scrutiny), interoperability with legacy systems, privacy and confidentiality (selective disclosure and privacy on public blockchains, a major EY investment), and measurable business value rather than innovation theater. She closes that the next phase belongs to institutions that move from curiosity to capability and from experiments to execution. 00:00 Introduction 00:46 Why Clare Is Optimistic About the Path 01:00 The Railroad Analogy 01:32 Why the Car Alone Did Not Create Transport 02:18 Parallels to Blockchain Today 02:45 The Shift Toward the Rails Themselves 03:13 How Institutional Conversations Used to Look 03:51 Why That Caution Made Sense 04:38 How the Conversation Changed by 2026 05:18 Banks, Regulators, and the RWA Pipeline 05:51 The Question Has Shifted From Can It Work 06:25 Why This Moment Feels Different 07:01 Why Regulation Is Not the Whole Story 07:22 How Maturity, Economics, and Interoperability Align 08:01 EY's Long-Held View on Scale Adoption 08:39 Why Technology Is Only Table Stakes 09:27 From Technical Feasibility to Institutional Operability 10:03 Why the Next Wave Is Industrialization 10:30 What Production Readiness Really Means 11:01 Pillar One: Trust and Governance 11:26 Pillar Two: Compliance and Controls 11:57 Pillar Three: Interoperability With Legacy Systems 12:25 Pillar Four: Privacy and Confidentiality 13:08 Pillar Five: Measurable Business Value 14:03 Institutional-Grade Onchain Infrastructure 14:32 What It Means for Institutional Leaders 15:05 Why This Is an Execution Phase 15:31 Why Operationalizing Beats Talking About Innovation 15:57 Why This Is Just the Beginning 16:35 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this fireside chat, Jill Malandrino sits down with Andrew McCormick on his third day in a newly created head of institutional adoption role at Chainlink Labs, after nearly two decades inside trading and capital markets, most recently running a NASDAQ listed US brokerage. Andrew, who has been with Ethereum since 2015 (introduced by his dad and his enthusiasm for YouTube videos on it), explains why he left the operator seat at firms like eToro, E*Trade, and Morgan Stanley to build infrastructure now. Inspired partly by his four kids and the Mario Brothers plumbing theme, he says that after 15 years helping people navigate the plumbing of finance, he wants to build and fix it himself, and chose Chainlink Labs because it is the connective infrastructure between traditional finance and blockchain, working with firms like DTCC, UBS, and SWIFT. Andrew explains where onchain makes the most obvious difference: not just efficiency and speed, but freedom, through faster settlement. He shares a personal aha moment when moving houses from DC to New York, where a simple wire took four days, many calls, and a $35 fee, illustrating that money still doesn't move as well as it should. He walks through the settlement evolution from T+3 to T+1 to the dream of T+0, where tokenized assets moving near instantaneously via Chainlink verification reduce risk and collateral requirements while getting users their money faster. He describes his three-part role: helping firms already building (UBS, SWIFT, DTCC, JP Morgan) go deeper, educating institutions ready to start, and educating financial analysts and research writers, drawing on his lifelong passion for teaching. He identifies three blockers to tokenization: regulatory clarity (where the Clarity Act would help enormously), trust and confidence (built each time a firm like DTCC or SWIFT launches with Chainlink), and education. On the Clarity Act, he contrasts today's reliance on 1930s laws, a 1946 Supreme Court orange-grove case, and 50 differing states with a statute purpose-built for the use case. He points to signals of genuine institutional adoption (banks moving on chain, the wave of head-of-digital-assets hires, and more educational events), and closes framing Chainlink as the link connecting blockchains and TradFi, noting the builders and believers led the way and institutions are now following. 00:00 Introduction 00:33 Why Leave the Operator Seat to Build Infrastructure 00:52 With Ethereum Since 2015 01:17 15 Years Inside Regulated Institutions 01:47 The Mario Brothers Plumbing Inspiration 02:04 Why Chainlink Labs 02:27 Where Onchain Makes the Most Difference 02:56 Freedom and Faster Settlement 03:13 The Four-Day Wire Transfer Aha Moment 03:37 From T+3 to T+1 to the Dream of T+0 04:16 The Gap the New Role Fills 04:35 Helping Firms Already Building 05:01 Educating Institutions Ready to Start 05:22 Why Education Is in His Soul 06:00 What Keeps Institutions From Moving Real Money 06:00 Three Blockers: Clarity, Trust, Education 06:27 How Each DTCC or SWIFT Launch Builds Trust 06:46 From Confusion to Skepticism to Excitement 07:33 Why Trillions Are Still Waiting to Move 07:53 What the Clarity Act Could Unlock 08:27 Why Institutions Love Certainty 08:53 Building on 1930s Laws and Orange Trees 09:16 Why a Purpose-Built Statute Matters 09:42 Signals That Institutional Adoption Is Real 10:09 Why Banks Moving On Chain Signals More to Come 10:27 The Wave of Head-of-Digital-Assets Hires 11:07 Why Education Keeps Pushing the Industry 11:26 How Industry Hiring Signals Maturation 11:55 Focusing on User Experience and Policy 12:24 Why the Foundation Will Pay Dividends 12:46 Innovating in the Absence of a Statute 13:11 A Pivotal Moment to Tell the Interconnectivity Story 13:38 Why the Community Gets Chainlink 13:57 Builders and Believers Led the Way 14:24 Day Four: What Excites Him Most 14:48 Education as His Way to Teach 15:07 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Funding the Commons · May 9, 2026

AI governance. The future of work. Coordination at scale. And the question underneath all of it: how do we make sure AI leads to human flourishing, not just faster automation? Intelligence at the Frontier was a 36-hour festival hosted by Funding the Commons across 16 floors of Frontier Tower in San Francisco, March 14–15, 2026. Over a thousand participants from 92 countries joined 229 sessions spanning AI policy, public goods funding, decentralized governance, AI safety, open source AI, democratic deliberation, longevity research, and coordination infrastructure for the age of AI. This aftermovie captures some of the ideas and conversations that shaped the weekend, featuring Tom Kalil (Renaissance Philanthropy, fmr. White House science policy), Sheila Warren (fmr. World Economic Forum), Shady El Damaty (Holonym Foundation / human.tech), Luke Drago (Workshop Labs), and Shaw Walters (ElizaOS). What stood out to you? Let us know 👇 🌐 https://fundingthecommons.io Presented by Funding the Commons x Frontier Tower x Protocol Labs

Funding the Commons · May 9, 2026

What does it look like to build the human-AI coordination layer in 36 hours? The Intelligence at the Frontier Hackathon brought 150 builders to Frontier Tower in San Francisco for an overnight build sprint on March 14-15, 2026, across four tracks: agentic AI, physical robotics, AI safety and evaluation, and sovereign infrastructure. 53 projects shipped. $25k+ in prizes awarded. We saw builders hacking through the night, robots roaming the hallways, agents paying each other in real money, and judges giving Claude feedback. Thanks to everyone who joined us. Co-produced with Protocol Labs. Supported by ElevenLabs, Bittensor, Solana, Meteora, Metaplex, Redwood North, BittensorCommons.org, VESSL AI, Velda, Unbrowse, NomadicML, human.tech, Activeloop, Solo Tech, Learning Layer Labs, Lit Protocol, and KikiTora. 🌐 https://fundingthecommons.io 📋 All 53 projects: https://intelligence-at-the-frontier-hackathon.devspot.app/?activeTab=projects

Funding the Commons · May 9, 2026

Pi belongs to everyone. E=mc² didn't. Tricia Wang opens Intelligence at the Frontier 2026 asking which path AI governance will take. Serving as Emcee of the festival and co-founder of the Advanced AI Society, Tricia frames the day through a Pi Day provocation: pi was held as a commons across civilizations for millennia, owned by no one and available to all. Einstein's formula took the opposite path, weaponized by one government before any governance existed to distribute its power. The parallel to AI ethics and agentic AI in 2026 is direct and uncomfortable. She introduces a three-layer framework for navigating the AI governance conversation: hardware, software, and the social/cultural layer that's almost always missing. The shaping question for human flourishing in the age of AI: as AI agents begin to outnumber humans, do we see them as extensions of ourselves or adversaries to control? Emcee of the festival: Tricia Wang (Advanced AI Society) This session was part of Intelligence at the Frontier, held March 14–15, 2026, at Frontier Tower in San Francisco. Learn more at https://www.fundingthecommons.io Note: This recording was captured with technical limitations on Day 1. We apologize for any audio quality issues and appreciate your patience.

David Dao

Funding the Commons · May 9, 2026

Elinor Ostrom proved communities can self-govern shared resources without top-down control. But her principles hit a hard limit at roughly 150 people — Dunbar's number. Beyond that, cooperation breaks down. So how do you govern something the size of the Amazon? David Dao, founder of GainForest and winner of the Rainforest X Prize, argues that AI and decentralized technology are the missing infrastructure to scale Ostrom's commons governance principles to planetary scale. Drawing on 15 years working with indigenous communities across the Amazon and the Philippines, he shows how satellite imagery, data valuation, and on-chain identity systems can help communities protect forests at a scale no single government or NGO has managed alone. The talk moves from the tragedy of the commons to a blueprint for governing shared resources in the age of AI. Speaker: David Dao (Protocol Labs & Gainforest) This session was part of Intelligence at the Frontier, held March 14–15, 2026, at Frontier Tower in San Francisco. Learn more at https://www.fundingthecommons.io Note: This recording was captured with technical limitations on Day 1. We apologize for any audio quality issues and appreciate your patience.

Funding the Commons · May 9, 2026

Losing your job to AI is the obvious worry. Luke Drago argues the real problem is bigger. Luke, co-founder of Workshop Labs and co-author of The Intelligence Curse, borrows a concept from development economics: the resource curse, where oil-rich states stop investing in their citizens because their wealth comes from the ground, not from taxing labor. His argument is that full automation creates the same dynamic. When a handful of actors own the models, the compute, and the data, there's no economic reason left to invest in everyone else. The social contract quietly stops working. Luke makes the case that this outcome isn't inevitable, and that the window to build things differently is still open. Speaker: Luke Drago (Workshop Labs / Blue Dot Impact) This session was part of Intelligence at the Frontier, held March 14–15, 2026, at Frontier Tower in San Francisco. Learn more at https://www.fundingthecommons.io Note: This recording was captured with technical limitations on Day 1. We apologize for any audio quality issues and appreciate your patience.

Funding the Commons · May 9, 2026

AI isn't just displacing jobs. Sheila Warren argues it's accelerating something older and more dangerous: the systematic removal of human dignity from how decisions get made. Sheila, CEO of the Project Liberty Institute and founder of the World Economic Forum's blockchain and digital assets team, connects what look like separate crises — surveillance tech, deportation without due process, AI agents — into a single cultural problem. Her central concept is differential friction: the idea that the race to remove friction from every system is quietly eroding the checks that keep power accountable. When there's nothing to slow an AI agent down, small errors compound fast and become permanent. She encourages everyone building in this space to ask, every time: before you remove friction, whose protection were you removing with it? Speaker: Sheila Warren (Project Liberty Institute) This session was part of Intelligence at the Frontier, held March 14–15, 2026, at Frontier Tower in San Francisco. Learn more at https://www.fundingthecommons.io Note: This recording was captured with technical limitations on Day 1. We apologize for any audio quality issues and appreciate your patience.

Funding the Commons · May 9, 2026

National governments move too slowly for emerging technology. Augusto Ardiles Diaz argues that cities are where AI policy actually gets built. Augusto, Undersecretary of Investments for the City of Buenos Aires, lays out the case for cities as real-world laboratories: places where new technology can be tested, adopted, and scaled under real conditions before formal regulation catches up. Buenos Aires is doing this through a dedicated AI district, offering zero local taxes for qualifying companies, regulatory sandboxes supervised by public authorities, and university partnerships designed to reskill workers and small businesses ahead of the curve. His framing is that public policy should function as institutional infrastructure for innovation, not just as a brake on it. Speaker: Augusto Ardiles Diaz (Gobierno de la Ciudad de Buenos Aires) This session was part of Intelligence at the Frontier, held March 14–15, 2026, at Frontier Tower in San Francisco. Learn more at https://www.fundingthecommons.io Note: This recording was captured with technical limitations on Day 1. We apologize for any audio quality issues and appreciate your patience.

Shady El Damaty

Funding the Commons · May 9, 2026

As AI agents increasingly mediate human interaction, how do we make sure people stay in control of their own digital lives? Shady, co-founder of Holonym Foundation and the team behind human.tech, comes from computational neuroscience and applied cryptography. He argues that the current trajectory of AI development pulls resources, talent, and capital into a one-way infrastructure that gives little back — and that cryptographic tools, specifically zero-knowledge proofs, offer one of the most underused levers we have to redistribute power back to individuals. The core question he poses: what is the most important thing you could be building right now, with everything you have at your disposal? For Shady, the answer is technology that proves you are human, without giving up what makes you so. Speaker: Shady El Damaty (Holonym Foundation / human.tech) This session was part of Intelligence at the Frontier, held March 14–15, 2026, at Frontier Tower in San Francisco. Learn more at https://www.fundingthecommons.io Note: This recording was captured with technical limitations on Day 1. We apologize for any audio quality issues and appreciate your patience.

Funding the Commons · May 9, 2026

For the first time in 100 years, the Los Angeles City Council voted to expand its size, from 15 to 25 seats. That decision came from a citizen assembly that Liz Barry helped design and run. Liz, Executive Director of Metagov, builds the infrastructure for large-scale democratic deliberation. She works across community organizing, open source software and governance theory, and has been involved in democratic reform processes from Los Angeles to Taiwan. Her provocation is simple: what determines whether technology is a net good or bad is not its functionality — it's who controls it. She argues that as AI reshapes institutions, deliberative platforms need two things that are currently in tension: proof of humanity to ensure results are legitimate, and data sovereignty so participants can engage safely. Figuring out how to hold both at once is one of the defining challenges of democratic governance in the age of AI. Speaker: Liz Barry (Metagov) This session was part of Intelligence at the Frontier, held March 14–15, 2026, at Frontier Tower in San Francisco. Learn more at https://www.fundingthecommons.io Note: This recording was captured with technical limitations on Day 1. We apologize for any audio quality issues and appreciate your patience.

Funding the Commons · May 9, 2026

A single state-level debate about one nuclear power plant generated 5,862 distinct arguments. The human mind can hold about four to seven things at once. Jamie Joyce argues this gap is the core problem in democratic governance, and that AI might be the only way to close it. Jamie, founder of the Society Library, makes the case for Scaled Democratic Reasoning: the idea that civilization-scale decisions involve far more complexity than any group of humans can process reliably. Her team maps debates as dense, nested argument graphs pulling from social media, scholarly papers and economic assessments, to make the full landscape of a debate navigable at scale. Her argument isn't that human deliberation is wrong. It's that we need tools to extend it, the same way telescopes extended vision. Speaker: Jamie Joyce (The Society Library) This session was part of Intelligence at the Frontier, held March 14–15, 2026, at Frontier Tower in San Francisco. Learn more at https://www.fundingthecommons.io Note: This recording was captured with technical limitations on Day 1. We apologize for any audio quality issues and appreciate your patience.

Funding the Commons · May 9, 2026

We built tens of thousands of physical libraries to give people access to knowledge. Sam Klein asks what the equivalent looks like when agents are doing half the reading. Sam, co-founder of Public AI and director of the Concordance Project at Harvard's Berkman Klein Center, makes the case for a new kind of planetary library — one where AI agents don't just retrieve information but actively curate, annotate and contribute to shared knowledge commons. He estimates there are roughly 3 billion concepts worth documenting; we have monographs for about 200 million of them. The gap is enormous, and agents could help close it. His ask to builders in the room: invite your agents to do knowledge curation work. Every small piece of structured information recorded at scale becomes part of a library the whole ecosystem benefits from. Speaker: Sam Klein (Public AI / Berkman Klein Center, Harvard University) This session was part of Intelligence at the Frontier, held March 14–15, 2026, at Frontier Tower in San Francisco. Learn more at https://www.fundingthecommons.io Note: This recording was captured with technical limitations on Day 1. We apologize for any audio quality issues and appreciate your patience.

Joshua Tan

Funding the Commons · May 9, 2026

AI has become roughly 1,250 times more effective over the past six years. Organizations haven't kept up. Joshua Tan thinks that's the next frontier. Joshua, co-founder and research director at Metagov and lead at Stanford's Open Lab, argues that as AI agents grow more capable, the organizations coordinating them need to evolve too. He introduces the concept of autonomous organizations — systems like the Facebook newsfeed or agent-run code repositories that operate through algorithmic logic no single person fully controls. DAOs were an early attempt at this, but their rigidity made them slow to change. What comes next is something more adaptive, more sub-symbolic, and harder to govern. His proposal: a startup incubator model for autonomous organizations, where new governance structures are launched as live experiments and learned from in real time. Speaker: Joshua Tan (Metagov / Stanford Open Lab) This session was part of Intelligence at the Frontier, held March 14–15, 2026, at Frontier Tower in San Francisco. Learn more at https://www.fundingthecommons.io Note: This recording was captured with technical limitations on Day 1. We apologize for any audio quality issues and appreciate your patience.

Funding the Commons · May 9, 2026

AI is advancing exponentially. Democratic systems are not. Aviv Ovadya is trying to close that gap before it becomes irreversible. Aviv, CEO of the AI and Democracy Foundation and research director at Metagov, makes the case for deliberative processes as core infrastructure for governing AI. Citizen assemblies and similar mechanisms have now been run thousands of times around the world, including feeding into EU policymaking several times a year. They are faster to spin up than elections, easier to iterate on, and designed to cut through the adversarial incentives that corrupt traditional political processes. His argument is that the democratic innovation space is massively underfunded relative to AI, crypto and other domains, and that a targeted ARPA-style deployment of resources across key capability gaps could make rapid progress. Speaker: Aviv Ovadya (AI and Democracy Foundation) This session was part of Intelligence at the Frontier, held March 14–15, 2026, at Frontier Tower in San Francisco. Learn more at https://www.fundingthecommons.io Note: This recording was captured with technical limitations on Day 1. We apologize for any audio quality issues and appreciate your patience.