Optimism, an Andreessen Horowitz-backed blockchain startup, has snagged Ryan Wyatt, a former head of gaming at YouTube, as its chief growth officer. Optimism works on so-called layer 2 technologies in crypto — these systems take transaction data off the Ethereum blockchain, compress it and post it back onto the original chain for just a fraction of the time and cost. Optimism has attracted more than $700 million worth of cryptocurrencies to its platform, making it one of the biggest layer 2 blockchains. Wyatt expects layer 2 projects will keep capturing the most activity in crypto despite excitement over Ethereum blockchain competitors.
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