Since the very beginning, the ultimate vision for Matter Labs has been to incubate and launch the zkSync protocol and ZK Stack. The next phase is to decentralize the open source protocol by enabling accomplished and talented core development teams to help build, maintain, and upgrade the network and ZK Stack.

Three leading Rollup-as-a-Service (RaaS) providers are leveraging ZK Stack to immediately allow projects, developers and enterprises to easily launch, deploy, and test layer 2 hyperchains powered by zkSync.

Crypto wallets and their challenging user experience have been a major stumbling block for mainstream adoption. For new users, navigating the labyrinth of seed phrases and the rigmarole of reproducing them is a major turnoff and a stark contrast to the streamlined efficiency of some mainstream apps that let you access funds by simply looking at a screen.

The seamless integration of traditional finance with DeFi (decentralized finance) holds the potential to revolutionize the financial sector by combining established financial systems with innovative solutions and unparalleled liquidity. However, the pace of this fusion has been somewhat slower than initially anticipated.

Blockchain technology has always set its sights on revolutionizing the financial sector, with goals ranging from extending financial services to the unbanked and improving payment efficiency, to driving radical innovation within the DeFi space.

In the world of security, only the paranoid survive. Security is one of the biggest barriers to the mass adoption of Web3. Last year, there were over $2 Billion in bridge hacks, and recent discussions highlighted Layer 2 security risks. Until the bar for security is raised across the board, there will always be friction when it comes to onboarding new users.

Blockchain technology adoption has always set its sights on a billion users. However, it’s been 8 and 14 years since the launch of Ethereum and Bitcoin, respectively, so where will the crypto adoption come from?

Bridging the gap between the digital and physical is key to Web3’s mass adoption. By utilizing blockchain technology to build immersive, interactive experiences, brands can bring the power of Web3 to a billion users in a way that is easy to onboard, fun, and accessible.

The vision for Matter Labs has always been to incubate, launch, and decentralize the zkSync protocol and ZK Stack. Bringing in talented individuals and teams to contribute to the protocol is the next step on zkSync’s path toward decentralization.