Thread by @_patrickogrady

Today, we’re announcing Route 66 (a new initiative co-led by @coinbase to make it faster and cheaper to connect to specialized blockchains) and a strategic investment from @cbventures.

commonware.xyz/blogs/route-66

Blockchains look and feel less like blockchains each month (and that’s a good thing).

https://x.com/_patrickogrady/status/1821607372424671415

To better compete with today's web, onchain products are blurring the line between blockchain and application.

Whether stablecoins with dedicated blockspace, tighter spreads with encrypted mempools, or games with fair randomness, blockchains are modded more than ever.

This win for users is a massive nightmare for wallets, exchanges, custodians, and data providers.

With frequent hard forks, novel cryptography, and complex transactions at 10k+ TPS, these new stacks are slow to integrate and expensive to maintain.

The result? Only a handful of new blockchains are widely integrated each year, often with only minimal support (just transfers).

At @commonwarexyz, we believe this is a "dollars and sense" problem.

Make novel blockchains cheaper to integrate and we'll see more of them.

Lower the barrier to experiment and we’ll see even more exciting uses of blockspace.

Fortunately, Coinbase sees things the same way.

Today, Commonware and Coinbase are launching a new initiative to “pave the road” for a new era of onchain applications.

Via standards, common libraries, and shared tools, we will lay a highway that new applications can leverage to reduce cost and time to market.

Want to get your blocks on Route 66?

Help pave the road at [e-mail]!