Adam Liposky

But Canopy is very early on its adoption lifecycle.

What we're doing is incubating a select number of projects.

Interestingly, half of those are games.

I don't know if that's a data point worth reporting on, but I think it's interesting that these people are interested in kind of full customization and the upgradeability that comes along with an app chain.

And so with other infrastructure choices, like the smart contracts you roll out are immutable.

And that's frankly a good thing in those ecosystems.

Like once they're released, you don't really want to change them.

But if you do, you got to migrate to the new smart contract, right?

Yeah.

Canopy works a little different.

L1s work a little different in the sense that, like, because it's consensus driven, you can choose to upgrade them and effectively move a lot faster.

I think the gaming teams that we're working with, they're constantly iterating.

And so they need a product that can keep up with that iteration cycle.

They constantly want to add new features.

And Canopy makes it extremely easy to not only set up your validator set and security, but also upgrades.

One of the innovations we've done just behind the scenes was this very developer focused thing is instant upgrades.

So validators, we've upgraded, I think, since we started beta net something like 13 times.

Most of the time where it's not consensus breaking, the upgrades go in without the validator set even lifting a finger.

And so we believe like a simple innovations like that just make the developer experience a lot better.

Outside of the gaming ecosystem that we have growing, I think you're looking at a lot of kind of like DeFi related stuff.