Skip to main content

· 3 min read
Shane Mac

Hey all,

It’s been awesome to see a few different paths all pushing forward together. The new site, the production release, and the relationships with our developer partners and wallets. Not to mention a great week on the hiring front with Pranay and Jennifer both accepting offers last week!

Anoop starts this week and we are excited to welcome him to the team.

XMTP Updates​

  • The website refresh for XMTP Labs is in final review and set to go live this week. Thanks for all the iterations and hard work on this first step. #464
  • We are discussing opening up the SDKs on 4/20 #451
  • Work continues on the production ready epic #412
  • Matt met with Senators Booker & Gillibrand in Menlo Park last week to discuss how to all work together and design regulation for a path forward that works for everyone.
  • 2 offers were accepted to join XMTP Labs last week for protocol research and technical writer
  • We signed the contract to bring on full internal recruiting assistance, they will start Monday April 25th.
    • All recruiters are focused 100% on DEI outbound candidates

Crypto industry news​

  • Moonbirds sold out it's 10,000 NFT collection at a mint price of 2.5 ETH on Saturday morning generating $60 million in primary sales. Secondary trading volumes hit $200 million in under than 24 hours, earning the project an additional $10 million off its 5% royalty fee. Cryptoslam. Dune Dashboard.
  • Ethereum Push Notification Service (EPNS) raised a $10.1 million Series A round to build an on-chain communication protocol. Link.
  • Uniswap is launching a widget that will allow any Web3 company to embed its functionality directly into their site, starting with OpenSea and Friends with Benefits. Uniswap is the largest decentralized exchange on Ethereum, making up 74% of trading volumes. Link.
  • Crypto took a brief plunge this week with bitcoin and ethereum falling almost 15% in 24 hours. The sell-off occurred on news of the Fed raising rates in order to fight inflation. Link.
  • The much-anticipated Ethereum 2.0 update is being delayed until the second half of 2022. Ethereum 2.0 will upgrade the protocol to the more environmentally friendly proof of stake consensus model. Link. Though the upgrade was delayed, Ethereum developers successfully tested the merge via a shadow fork. Another shadow fork test will occur on April 22. Link. 3.22 million Ether tokens, nearly $10 billion, are already being staked for Ethereum 2.0. Link.
  • MetaMask is adding support for the Gnosis Safe to its institutional wallet product. Gnosis offers multi-sig wallet signing, an important tool used by institutional investors. Link.

· 2 min read
Matt Galligan

Another exciting week in front of us as we get closer to having our push to production defined and timeline in place!

Eng has been making an impressive run here lately in the effort to get developers on board and building with XMTP. The effort to reach production, coupled with the interest from Coinbase Wallet in integrating has been 🔥 for this team and it's so awesome to watch.

We're on the edge of something very big here—and the team is showing that we're very ready for the task and journey ahead.

· 2 min read
Shane Mac

Hey all,

The last week was defined by everything coming together into a few great moments. The Coinbase meeting really helped solidify that we are on the right track, and the recruiting meetings just always remind me of how unique of a story we have as a company and vision compared to many other projects in the space.

We are so early but also working on something that can quite literally change how the future looks for crypto. I’m stoked to be here with all of you.

· 2 min read
Matt Galligan

Hey all,

Big week ahead as we work through all of the RFCs that we put together last week, prepping for our big push towards production. The 🔥 fire 🔥 these last few weeks has been particularly awesome to see from everyone, and it's exciting to see all that energy pumped into the writing and plans.

While there is still so much work ahead of us, it's important to take a moment and appreciate the critical step that we're taking now that we'll be able to look back at as the start of something big.

We're building something that's in high demand, in touch with tons of developers ready to hit the ground running with us, and all at a time of huge scrutiny around big tech with soon-to-be web3 solutions. The ingredients are all shaping up for something profound here, and we're just at the ground level.

LFG

· 4 min read
Shane Mac

Hey team,

March 21st. It's actually 3-2-1.

Easy to remember. It's also a great date to remember and mark as a focusing point for what we are doing as a team, as a company, and as a product.

It's clear that we have one of the biggest opportunities to build something that will have a global impact at XMTP. The market demand is getting louder every day and the need to own the conversation around communication for web3 and be live in the market is critical.

Let's put a flag in the ground today. This is the day we all came together to understand what it's going to take for XMTP to become the communication protocol for web3.

As we push forward together, let's be sure to focus on the things that compound for the long term and help get our flywheel spinning faster and faster.

XMTP Labs Flywheel

· 2 min read
Matt Galligan

Hey all,

Big week last week, and another one in front of us. Saul, Shane, Peter, and myself will be at an offsite this week to work thorugh our launch plans, as well as setting up for Q2, and our future full team offsite.

Over the next few weeks we'll work to thoroughly define our short-and-medium term goals, as well as document our longer-term ones. The key for the next few months is knowing exactly where we are pointing our efforts, and deferring or outsourcing all else that doesn't meet a "must have" criteria.

Demand and competition in this space is heating up. We're well poised to capture the attention and the developers wanting to build with web3 messaging, and to do that focus will be our key.

XMTP Updates​

  • Anoop accepted our offer! We're working through references now
  • Had great meetings with Inb0x and Rarible about looking into integrating XMTP
  • Saul set up a handy #decision-log channel in Slack to keep track of our RAPIDs, RFCs, and P/PS progress
  • Great discussion around storage

Decisions made​

Going to try this out as a new section to socialize all of the decisions that were made in the week as a tl;dr of sorts

Crypto industry news​

  • The White House published its Executive Order on crypto [link]
    • It was quite dialed back compared to the speculation, and bodes well for hte industry
  • Yuga Labs (makers of the Bored Ape Yacht Club) bought the CryptoPunks and Meebits IP [link]
  • Ukraine's crypto donation drive has topped $100M donated [link]
  • Stripe got into crypto payments [link]

· 4 min read
Matt Galligan

This has already been a big month for us, and we’re just getting started. Developers are already building on the protocol, we’re shipping new websites for XMTP and XMTP Labs, and making more information about the project public.

· 2 min read
Shane Mac

Hey everyone!

Last week was one of the most important milestones as a team. Bringing in outside developers to work with us and give feedback is so critical and releasing our test client was a massive step forward.

I was so inspired to see all of the developers and builders sharing their excitement. Here are a few comments I saw which I shared last week.

· 2 min read
Matt Galligan

Alright, everyone. A little late to the game in getting this weekly dispatch up and running. But man, has it been an incredible two weeks.

It’s awesome to see that just in the last few weeks we’ve gone from a scaffold of an app to something that’s both looking great, and functioning just as intended. And to top it off, our SDK is delivering practically on schedule. It’s quite the feat, and one that we should all be very proud of.

I for one am impressed with the pace and quality of the effort everyone’s put in over the last few weeks, and it just makes me feel even more that we’re standing on the cusp of something big. With each new developer conversation the anticipation for XMTP is growing across the board, and it’s going to be an interesting next month or two.

Thanks to everyone for their awesome contributions here recently…