Ava Labs CEO Warns of Substandard L2 Projects, Says Next Cycle Will Be Worse
Emin Gün Sirer, the creator and CEO of Ava Labs, has actually sounded an alarm rising of subpar layer 2 (L2) options in the crypto area.
Drawing parallels with the fallout from the FTX collapse, he warned financiers about the risks connected with buying these "garbage" jobs.
Ava Labs Founder Highlights L2 Red Flags
On March 23, Sirer required to X to voice his issues about the crypto neighborhood's practice of neglecting indication, particularly relating to individuals viewed as effective in the beginning glimpse. He cautioned that the approaching cycle would likely see increased sound and intensified habits. Sirer included that it is simple to release low-grade L2 options, appealing people to participate in such practices.
Hey y' all,
All of us disregarded the big warnings connected with...